Kakkar: 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.
Kakkar
Largest movements
- Receivables within one year -€24,176
down €24,176 (-93.7%), from €25,790 to €1,614
of which Trade receivables: -€25,790
- Tangible fixed assets -€16,888
down €16,888 (-21.2%), from €79,548 to €62,660
- Intangible fixed assets -€8,442
down €8,442 (-100%), from €8,442 to €0
- Stocks and contracts +€6,764
up €6,764 (+19.2%), from €35,184 to €41,948
- Cash +€4,406
up €4,406 (+89.6%), from €4,919 to €9,325
mainly Debts after one year (+€39,288) and Depreciation (+€25,330)
- Trade debts -€86,650
down €86,650 (-98.8%), from €87,730 to €1,079
- Debts after one year +€39,288
new in 2025: €39,288
- Current portion of long-term debt +€12,521
new in 2025: €12,521
- Tax, wage and social debts -€2,310
down €2,310 (-40.7%), from €5,670 to €3,360
of which Remuneration and social security: -€1,746
- Short-term financial debts -€1,865
down €1,865 (-100%), from €1,865 to €0
- Depreciation +€11,997
up €11,997 (+90.0%), from €13,333 to €25,330
- Gross operating margin +€5,851
up €5,851 (+16.4%), from €35,735 to €41,586
- Staff costs +€4,718
new in 2025: €4,718
- Other operating charges -€4,427
down €4,427 (-46.9%), from €9,437 to €5,011
- Financial charges +€2,245
up €2,245 (+756%), from €297 to €2,542
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.
Derived cash bridge
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 | €158,618 | €118,746 | -€39,871 | -25.1% |
| Fixed assets | 21/28 | €91,190 | €65,860 | -€25,330 | -27.8% |
| Intangible fixed assets | 21 | €8,442 | €0 | -€8,442 | -100% |
| Tangible fixed assets | 22/27 | €79,548 | €62,660 | -€16,888 | -21.2% |
| Furniture and vehicles | 24 | €79,548 | €62,660 | -€16,888 | -21.2% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €67,428 | €52,886 | -€14,542 | -21.6% |
| Stocks and contracts in progress | 3 | €35,184 | €41,948 | +€6,764 | +19.2% |
| Stocks | 30/36 | €35,184 | €41,948 | +€6,764 | +19.2% |
| Amounts receivable within one year | 40/41 | €25,790 | €1,614 | -€24,176 | -93.7% |
| Trade receivables | 40 | €25,790 | €0 | -€25,790 | -100% |
| Other amounts receivable | 41 | - | €1,614 | +€1,614 | |
| Cash at bank and in hand | 54/58 | €4,919 | €9,325 | +€4,406 | +89.6% |
| Deferred charges and accrued income | 490/1 | €1,536 | €0 | -€1,536 | -100% |
| Total equity and liabilities | 10/49 | €158,618 | €118,746 | -€39,871 | -25.1% |
| Equity | 10/15 | €60,430 | €61,062 | +€632 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,830 | €42,462 | +€632 | +1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,970 | €40,602 | +€632 | +1.6% |
| Amounts payable | 17/49 | €98,188 | €57,684 | -€40,503 | -41.3% |
| Amounts payable after more than one year | 17 | - | €39,288 | +€39,288 | |
| Financial debts | 170/4 | - | €39,288 | +€39,288 | |
| Amounts payable within one year | 42/48 | €98,188 | €18,364 | -€79,824 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | - | €12,521 | +€12,521 | |
| Financial debts | 43 | €1,865 | €0 | -€1,865 | -100% |
| Credit institutions | 430/8 | €1,865 | €0 | -€1,865 | -100% |
| Trade debts | 44 | €87,730 | €1,079 | -€86,650 | -98.8% |
| Suppliers | 440/4 | €87,730 | €1,079 | -€86,650 | -98.8% |
| Taxes, remuneration and social security | 45 | €5,670 | €3,360 | -€2,310 | -40.7% |
| Taxes | 450/3 | €3,924 | €3,360 | -€564 | -14.4% |
| Remuneration and social security | 454/9 | €1,746 | €0 | -€1,746 | -100% |
| Other amounts payable | 47/48 | €2,922 | €1,403 | -€1,519 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | - | €4,718 | +€4,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,333 | €25,330 | +€11,997 | +90.0% |
| Other operating charges | 640/8 | €9,437 | €5,011 | -€4,427 | -46.9% |
| Gross operating margin | 9900 | €35,735 | €41,586 | +€5,851 | +16.4% |
| Operating profit (loss) | 9901 | €12,965 | €6,528 | -€6,437 | -49.7% |
| Financial income | 75/76B | €1 | €8 | +€7 | +754% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +754% |
| Financial charges | 65/66B | €297 | €2,542 | +€2,245 | +756% |
| Recurring financial charges | 65 | €297 | €2,542 | +€2,245 | +756% |
| Profit (loss) for the period before taxes | 9903 | €12,669 | €3,994 | -€8,675 | -68.5% |
| Income taxes | 67/77 | €3,897 | €3,362 | -€535 | -13.7% |
| Profit (loss) for the period | 9904 | €8,772 | €632 | -€8,140 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,772 | €632 | -€8,140 | -92.8% |
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 16 October 2026 via checked.be.