KAKAREN: 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.
KAKAREN
Largest movements
- Cash -€34,780
down €34,780 (-35.9%), from €96,863 to €62,083
mainly Stocks and contracts (-€17,446) and Receivables within one year (-€8,682)
- Stocks and contracts +€17,446
up €17,446 (+35.2%), from €49,537 to €66,983
- Receivables within one year +€8,682
up €8,682 (+205.3%), from €4,229 to €12,911
of which Trade receivables: +€4,625
- Profit (loss) carried forward +€10,791
up €10,791 (+11.1%), from €97,530 to €108,322
- Trade debts -€8,536
down €8,536 (-45.7%), from €18,699 to €10,163
- Other debts -€6,128
down €6,128 (-97.8%), from €6,264 to €136
- Tax, wage and social debts -€3,810
down €3,810 (-16.4%), from €23,236 to €19,427
- Gross operating margin -€38,825
down €38,825 (-73.9%), from €52,554 to €13,729
- Taxes -€9,610
down €9,610 (-72.9%), from €13,174 to €3,565
- Financial charges -€2,231
down €2,231 (-91.9%), from €2,427 to €196
- Depreciation -€1,161
down €1,161 (-91.4%), from €1,270 to €109
- Financial income +€818
up €818 (+719.1%), from €114 to €932
of which Non-recurring financial income: +€932
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,729 | €143,047 | -€7,682 | -5.1% |
| Fixed assets | 21/28 | €101 | €1,066 | +€965 | +957.8% |
| Tangible fixed assets | 22/27 | €101 | €1,066 | +€965 | +957.8% |
| Plant, machinery and equipment | 23 | - | €1,066 | +€1,066 | |
| Furniture and vehicles | 24 | €101 | - | -€101 | |
| Current assets | 29/58 | €150,629 | €141,981 | -€8,647 | -5.7% |
| Stocks and contracts in progress | 3 | €49,537 | €66,983 | +€17,446 | +35.2% |
| Stocks | 30/36 | €49,537 | €66,983 | +€17,446 | +35.2% |
| Amounts receivable within one year | 40/41 | €4,229 | €12,911 | +€8,682 | +205.3% |
| Trade receivables | 40 | €4,019 | €8,643 | +€4,625 | +115.1% |
| Other amounts receivable | 41 | €210 | €4,268 | +€4,058 | +1931.4% |
| Cash at bank and in hand | 54/58 | €96,863 | €62,083 | -€34,780 | -35.9% |
| Deferred charges and accrued income | 490/1 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €150,729 | €143,047 | -€7,682 | -5.1% |
| Equity | 10/15 | €102,530 | €113,322 | +€10,791 | +10.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,530 | €108,322 | +€10,791 | +11.1% |
| Amounts payable | 17/49 | €48,199 | €29,725 | -€18,474 | -38.3% |
| Amounts payable within one year | 42/48 | €48,199 | €29,725 | -€18,474 | -38.3% |
| Trade debts | 44 | €18,699 | €10,163 | -€8,536 | -45.7% |
| Suppliers | 440/4 | €18,699 | €10,163 | -€8,536 | -45.7% |
| Taxes, remuneration and social security | 45 | €23,236 | €19,427 | -€3,810 | -16.4% |
| Taxes | 450/3 | €23,236 | €19,427 | -€3,810 | -16.4% |
| Other amounts payable | 47/48 | €6,264 | €136 | -€6,128 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €109 | -€1,161 | -91.4% |
| Gross operating margin | 9900 | €52,554 | €13,729 | -€38,825 | -73.9% |
| Operating profit (loss) | 9901 | €51,284 | €13,621 | -€37,663 | -73.4% |
| Financial income | 75/76B | €114 | €932 | +€818 | +719.1% |
| Recurring financial income | 75 | €114 | €932 | +€818 | +719.1% |
| Non-recurring financial income | 76B | - | €932 | +€932 | |
| Financial charges | 65/66B | €2,427 | €196 | -€2,231 | -91.9% |
| Recurring financial charges | 65 | €2,427 | €196 | -€2,231 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €48,971 | €14,356 | -€34,615 | -70.7% |
| Income taxes | 67/77 | €13,174 | €3,565 | -€9,610 | -72.9% |
| Profit (loss) for the period | 9904 | €35,796 | €10,791 | -€25,005 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,796 | €10,791 | -€25,005 | -69.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.