KAR COMPANY: 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 COMPANY
Largest movements
- Receivables within one year +€59,884
up €59,884 (+94.3%), from €63,523 to €123,406
of which Trade receivables: +€58,336
- Tangible fixed assets -€18,665
down €18,665 (-19.1%), from €97,648 to €78,983
of which Furniture and vehicles: -€20,514
- Profit (loss) carried forward +€52,928
up €52,928 (+133%), from €39,761 to €92,689
- Tax, wage and social debts +€17,671
up €17,671 (+60.3%), from €29,319 to €46,990
of which Taxes: +€14,344
- Trade debts -€14,314
down €14,314 (-54.3%), from €26,380 to €12,066
- Debts after one year -€11,472
down €11,472 (-50.9%), from €22,522 to €11,050
- Current portion of long-term debt -€2,412
down €2,412 (-17.4%), from €13,884 to €11,472
- Gross operating margin +€40,284
up €40,284 (+57.9%), from €69,529 to €109,813
- Depreciation +€11,110
up €11,110 (+68.3%), from €16,265 to €27,376
- Staff costs +€10,114
new in 2025: €10,114
- Taxes +€4,118
up €4,118 (+41.0%), from €10,039 to €14,157
- Other operating charges +€1,778
up €1,778 (+107%), from €1,667 to €3,445
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 | €171,163 | €213,563 | +€42,400 | +24.8% |
| Fixed assets | 21/28 | €100,182 | €81,517 | -€18,665 | -18.6% |
| Tangible fixed assets | 22/27 | €97,648 | €78,983 | -€18,665 | -19.1% |
| Plant, machinery and equipment | 23 | €9,207 | €11,056 | +€1,849 | +20.1% |
| Furniture and vehicles | 24 | €88,441 | €67,927 | -€20,514 | -23.2% |
| Financial fixed assets | 28 | €2,534 | €2,534 | = | 0.0% |
| Current assets | 29/58 | €70,981 | €132,046 | +€61,065 | +86.0% |
| Amounts receivable within one year | 40/41 | €63,523 | €123,406 | +€59,884 | +94.3% |
| Trade receivables | 40 | €29,363 | €87,700 | +€58,336 | +199% |
| Other amounts receivable | 41 | €34,159 | €35,707 | +€1,548 | +4.5% |
| Cash at bank and in hand | 54/58 | €5,581 | €6,063 | +€483 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,878 | €2,576 | +€698 | +37.2% |
| Total equity and liabilities | 10/49 | €171,163 | €213,563 | +€42,400 | +24.8% |
| Equity | 10/15 | €79,058 | €131,986 | +€52,928 | +66.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €36,797 | €36,797 | = | 0.0% |
| Distributable reserves | 133 | €36,797 | €36,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,761 | €92,689 | +€52,928 | +133% |
| Amounts payable | 17/49 | €92,105 | €81,577 | -€10,528 | -11.4% |
| Amounts payable after more than one year | 17 | €22,522 | €11,050 | -€11,472 | -50.9% |
| Financial debts | 170/4 | €22,522 | €11,050 | -€11,472 | -50.9% |
| Amounts payable within one year | 42/48 | €69,583 | €70,527 | +€944 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €13,884 | €11,472 | -€2,412 | -17.4% |
| Trade debts | 44 | €26,380 | €12,066 | -€14,314 | -54.3% |
| Suppliers | 440/4 | €26,380 | €12,066 | -€14,314 | -54.3% |
| Taxes, remuneration and social security | 45 | €29,319 | €46,990 | +€17,671 | +60.3% |
| Taxes | 450/3 | €29,319 | €43,663 | +€14,344 | +48.9% |
| Remuneration and social security | 454/9 | - | €3,327 | +€3,327 | |
| Remuneration, social security and pensions | 62 | - | €10,114 | +€10,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,265 | €27,376 | +€11,110 | +68.3% |
| Other operating charges | 640/8 | €1,667 | €3,445 | +€1,778 | +107% |
| Gross operating margin | 9900 | €69,529 | €109,813 | +€40,284 | +57.9% |
| Operating profit (loss) | 9901 | €51,597 | €68,879 | +€17,282 | +33.5% |
| Financial charges | 65/66B | €1,797 | €1,795 | -€3 | -0.1% |
| Recurring financial charges | 65 | €1,797 | €1,795 | -€3 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €49,800 | €67,085 | +€17,284 | +34.7% |
| Income taxes | 67/77 | €10,039 | €14,157 | +€4,118 | +41.0% |
| Profit (loss) for the period | 9904 | €39,761 | €52,928 | +€13,167 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,761 | €52,928 | +€13,167 | +33.1% |
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 30 October 2026 via checked.be.