KAR-DAN: what changed
Two fiscal 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-DAN
Largest movements
- Tangible fixed assets +€33,195
up €33,195 (+21890.6%), from €152 to €33,347
of which Leasing and similar rights: +€32,743
- Cash +€2,458
up €2,458 (+12.8%), from €19,221 to €21,679
mainly Debts after one year (+€22,432) and Net result for the year (+€17,373)
- Receivables within one year +€2,252
up €2,252 (+235.4%), from €956 to €3,208
of which Trade receivables: +€1,172
- Deferred charges and accrued income +€1,280
up €1,280 (+126.4%), from €1,013 to €2,294
- Debts after one year +€22,432
new in 2025: €22,432
- Profit (loss) carried forward +€17,373
up €17,373 (+84.0%), from -€20,693 to -€3,320
- Other debts -€8,461
down €8,461 (-28.4%), from €29,793 to €21,332
- Current portion of long-term debt +€5,527
new in 2025: €5,527
- Tax, wage and social debts +€2,211
up €2,211 (+39.8%), from €5,561 to €7,773
- Taxes +€4,664
up €4,664 (+300.0%), from €1,554 to €6,218
- Gross operating margin +€1,711
up €1,711 (+6.8%), from €25,005 to €26,716
- Depreciation +€1,328
up €1,328 (+360.0%), from €369 to €1,696
- Financial charges +€370
up €370 (+839.1%), from €44 to €414
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 | €22,183 | €60,897 | +€38,714 | +174.5% |
| Fixed assets | 21/28 | €152 | €33,347 | +€33,195 | +21890.6% |
| Tangible fixed assets | 22/27 | €152 | €33,347 | +€33,195 | +21890.6% |
| Furniture and vehicles | 24 | €152 | €603 | +€452 | +297.7% |
| Leasing and similar rights | 25 | - | €32,743 | +€32,743 | |
| Current assets | 29/58 | €22,032 | €27,551 | +€5,519 | +25.0% |
| Stocks and contracts in progress | 3 | €841 | €370 | -€471 | -56.0% |
| Stocks | 30/36 | €841 | €370 | -€471 | -56.0% |
| Amounts receivable within one year | 40/41 | €956 | €3,208 | +€2,252 | +235.4% |
| Trade receivables | 40 | €855 | €2,027 | +€1,172 | +137.2% |
| Other amounts receivable | 41 | €102 | €1,181 | +€1,079 | +1058.6% |
| Cash at bank and in hand | 54/58 | €19,221 | €21,679 | +€2,458 | +12.8% |
| Deferred charges and accrued income | 490/1 | €1,013 | €2,294 | +€1,280 | +126.4% |
| Total equity and liabilities | 10/49 | €22,183 | €60,897 | +€38,714 | +174.5% |
| Equity | 10/15 | -€14,493 | €2,880 | +€17,373 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,693 | -€3,320 | +€17,373 | +84.0% |
| Amounts payable | 17/49 | €36,676 | €58,017 | +€21,341 | +58.2% |
| Amounts payable after more than one year | 17 | - | €22,432 | +€22,432 | |
| Financial debts | 170/4 | - | €22,432 | +€22,432 | |
| Amounts payable within one year | 42/48 | €36,676 | €35,585 | -€1,091 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,527 | +€5,527 | |
| Trade debts | 44 | €1,322 | €954 | -€368 | -27.8% |
| Suppliers | 440/4 | €1,322 | €954 | -€368 | -27.8% |
| Taxes, remuneration and social security | 45 | €5,561 | €7,773 | +€2,211 | +39.8% |
| Taxes | 450/3 | €5,561 | €7,773 | +€2,211 | +39.8% |
| Other amounts payable | 47/48 | €29,793 | €21,332 | -€8,461 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €1,696 | +€1,328 | +360.0% |
| Other operating charges | 640/8 | €978 | €1,015 | +€37 | +3.7% |
| Gross operating margin | 9900 | €25,005 | €26,716 | +€1,711 | +6.8% |
| Operating profit (loss) | 9901 | €23,658 | €24,005 | +€347 | +1.5% |
| Financial charges | 65/66B | €44 | €414 | +€370 | +839.1% |
| Recurring financial charges | 65 | €44 | €414 | +€370 | +839.1% |
| Profit (loss) for the period before taxes | 9903 | €23,614 | €23,591 | -€23 | -0.1% |
| Income taxes | 67/77 | €1,554 | €6,218 | +€4,664 | +300.0% |
| Profit (loss) for the period | 9904 | €22,059 | €17,373 | -€4,686 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,059 | €17,373 | -€4,686 | -21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.