KAR: 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.
KAR
Largest movements
- Receivables within one year -€44,507
down €44,507 (-89.6%), from €49,700 to €5,193
of which Other amounts receivable: -€41,123
- Stocks and contracts +€2,742
up €2,742 (+85.9%), from €3,194 to €5,936
- Tangible fixed assets -€1,306
down €1,306 (-60.8%), from €2,149 to €842
of which Furniture and vehicles: -€2,122
- Profit (loss) carried forward -€49,770
down €49,770, from €26,586 to -€23,184
- Other debts +€11,291
new in 2025: €11,291
- Short-term financial debts -€7,729
no longer reported in 2025 (was €7,729)
- Trade debts +€7,722
up €7,722, from €0 to €7,722
- Tax, wage and social debts -€4,491
down €4,491 (-56.6%), from €7,931 to €3,441
of which Taxes: -€2,491
- Staff costs +€30,070
up €30,070 (+62.3%), from €48,277 to €78,347
- Gross operating margin -€24,576
down €24,576 (-37.3%), from €65,950 to €41,374
- Other operating charges +€5,688
up €5,688 (+171.4%), from €3,318 to €9,006
- Taxes -€2,861
no longer reported in 2025 (was €2,861)
- Financial charges +€677
up €677 (+60.0%), from €1,128 to €1,806
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 | €57,247 | €14,271 | -€42,976 | -75.1% |
| Fixed assets | 21/28 | €2,149 | €842 | -€1,306 | -60.8% |
| Tangible fixed assets | 22/27 | €2,149 | €842 | -€1,306 | -60.8% |
| Plant, machinery and equipment | 23 | - | €815 | +€815 | |
| Furniture and vehicles | 24 | €2,149 | €27 | -€2,122 | -98.7% |
| Current assets | 29/58 | €55,098 | €13,428 | -€41,670 | -75.6% |
| Stocks and contracts in progress | 3 | €3,194 | €5,936 | +€2,742 | +85.9% |
| Stocks | 30/36 | €3,194 | €5,936 | +€2,742 | +85.9% |
| Amounts receivable within one year | 40/41 | €49,700 | €5,193 | -€44,507 | -89.6% |
| Trade receivables | 40 | €3,384 | - | -€3,384 | |
| Other amounts receivable | 41 | €46,315 | €5,193 | -€41,123 | -88.8% |
| Cash at bank and in hand | 54/58 | €2,205 | €2,300 | +€95 | +4.3% |
| Total equity and liabilities | 10/49 | €57,247 | €14,271 | -€42,976 | -75.1% |
| Equity | 10/15 | €41,586 | -€8,184 | -€49,770 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | - | -€15,000 | |
| Other | 1109/19 | €15,000 | - | -€15,000 | |
| Profit (loss) carried forward | 14 | €26,586 | -€23,184 | -€49,770 | |
| Amounts payable | 17/49 | €15,661 | €22,454 | +€6,794 | +43.4% |
| Amounts payable within one year | 42/48 | €15,661 | €22,454 | +€6,794 | +43.4% |
| Financial debts | 43 | €7,729 | - | -€7,729 | |
| Credit institutions | 430/8 | €7,729 | - | -€7,729 | |
| Trade debts | 44 | €0 | €7,722 | +€7,722 | |
| Suppliers | 440/4 | €0 | €7,722 | +€7,722 | |
| Taxes, remuneration and social security | 45 | €7,931 | €3,441 | -€4,491 | -56.6% |
| Taxes | 450/3 | €5,931 | €3,441 | -€2,491 | -42.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | - | €11,291 | +€11,291 | |
| Remuneration, social security and pensions | 62 | €48,277 | €78,347 | +€30,070 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,850 | €2,214 | -€636 | -22.3% |
| Other operating charges | 640/8 | €3,318 | €9,006 | +€5,688 | +171.4% |
| Gross operating margin | 9900 | €65,950 | €41,374 | -€24,576 | -37.3% |
| Operating profit (loss) | 9901 | €11,505 | -€48,193 | -€59,698 | |
| Financial income | 75/76B | €0 | €229 | +€229 | +762900.0% |
| Recurring financial income | 75 | €0 | €229 | +€229 | +762900.0% |
| Financial charges | 65/66B | €1,128 | €1,806 | +€677 | +60.0% |
| Recurring financial charges | 65 | €1,128 | €1,806 | +€677 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €10,376 | -€49,770 | -€60,146 | |
| Income taxes | 67/77 | €2,861 | - | -€2,861 | |
| Profit (loss) for the period | 9904 | €7,515 | -€49,770 | -€57,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,515 | -€49,770 | -€57,285 |
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.