KA-RE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KA-RE
Largest movements
- Stocks and contracts +€4,251
up €4,251 (+62.5%), from €6,798 to €11,049
- Tangible fixed assets -€1,977
down €1,977 (-13.1%), from €15,066 to €13,089
of which Plant, machinery and equipment: -€1,026
- Cash +€852
up €852 (+165%), from €518 to €1,371
mainly Net result for the year (+€7,213) and Trade debts (+€2,779)
- Receivables within one year -€720
no longer reported in 2024 (was €720)
- Profit (loss) carried forward +€7,213
up €7,213 (+28.4%), from -€25,400 to -€18,187
- Other debts -€6,649
down €6,649 (-17.4%), from €38,239 to €31,590
- Trade debts +€2,779
up €2,779 (+158%), from €1,759 to €4,538
- Accrued charges and deferred income -€1,900
no longer reported in 2024 (was €1,900)
- Tax, wage and social debts +€963
up €963 (+238%), from €405 to €1,368
- Gross operating margin +€5,330
up €5,330 (+106%), from €5,014 to €10,344
- Depreciation -€2,349
down €2,349 (-54.3%), from €4,325 to €1,977
- Other operating charges +€415
up €415 (+71.7%), from €579 to €994
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,102 | €25,509 | +€2,407 | +10.4% |
| Fixed assets | 21/28 | €15,066 | €13,089 | -€1,977 | -13.1% |
| Tangible fixed assets | 22/27 | €15,066 | €13,089 | -€1,977 | -13.1% |
| Plant, machinery and equipment | 23 | €1,812 | €787 | -€1,026 | -56.6% |
| Furniture and vehicles | 24 | €1,765 | €1,210 | -€555 | -31.5% |
| Other tangible fixed assets | 26 | €11,489 | €11,093 | -€396 | -3.4% |
| Current assets | 29/58 | €8,036 | €12,420 | +€4,384 | +54.5% |
| Stocks and contracts in progress | 3 | €6,798 | €11,049 | +€4,251 | +62.5% |
| Stocks | 30/36 | €6,798 | €11,049 | +€4,251 | +62.5% |
| Amounts receivable within one year | 40/41 | €720 | - | -€720 | |
| Trade receivables | 40 | €720 | - | -€720 | |
| Cash at bank and in hand | 54/58 | €518 | €1,371 | +€852 | +165% |
| Total equity and liabilities | 10/49 | €23,102 | €25,509 | +€2,407 | +10.4% |
| Equity | 10/15 | -€19,200 | -€11,987 | +€7,213 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,400 | -€18,187 | +€7,213 | +28.4% |
| Amounts payable | 17/49 | €42,303 | €37,497 | -€4,806 | -11.4% |
| Amounts payable within one year | 42/48 | €40,403 | €37,497 | -€2,906 | -7.2% |
| Trade debts | 44 | €1,759 | €4,538 | +€2,779 | +158% |
| Suppliers | 440/4 | €1,759 | €4,538 | +€2,779 | +158% |
| Taxes, remuneration and social security | 45 | €405 | €1,368 | +€963 | +238% |
| Taxes | 450/3 | €405 | €1,368 | +€963 | +238% |
| Other amounts payable | 47/48 | €38,239 | €31,590 | -€6,649 | -17.4% |
| Accrued charges and deferred income | 492/3 | €1,900 | - | -€1,900 | |
| Non-recurring operating income | 76A | - | €235 | +€235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,325 | €1,977 | -€2,349 | -54.3% |
| Other operating charges | 640/8 | €579 | €994 | +€415 | +71.7% |
| Gross operating margin | 9900 | €5,014 | €10,344 | +€5,330 | +106% |
| Operating profit (loss) | 9901 | €109 | €7,373 | +€7,263 | +6,648% |
| Financial income | 75/76B | €2 | €14 | +€13 | +799% |
| Recurring financial income | 75 | €2 | €14 | +€13 | +799% |
| Financial charges | 65/66B | €107 | €174 | +€66 | +62.0% |
| Recurring financial charges | 65 | €107 | €174 | +€66 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €4 | €7,213 | +€7,210 | +197,521% |
| Profit (loss) for the period | 9904 | €4 | €7,213 | +€7,210 | +197,521% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €7,213 | +€7,210 | +197,521% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.