KAR-FROM: 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-FROM
Largest movements
- Stocks and contracts +€14,800
up €14,800 (+275.6%), from €5,370 to €20,170
- Cash +€6,396
up €6,396 (+457.2%), from €1,399 to €7,795
mainly Trade debts (+€16,178) and Investment in fixed assets (net) (+€4,631)
- Financial fixed assets -€4,631
down €4,631 (-64.9%), from €7,131 to €2,500
- Receivables within one year +€3,523
up €3,523 (+25.1%), from €14,015 to €17,538
- Trade debts +€16,178
up €16,178 (+206.6%), from €7,831 to €24,009
- Profit (loss) carried forward +€3,910
up €3,910, from -€3,833 to €77
- Purchases and services -€6,870
down €6,870 (-2.3%), from €304,861 to €297,991
- Turnover -€5,958
down €5,958 (-1.9%), from €307,000 to €301,042
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 | €27,916 | €48,003 | +€20,087 | +72.0% |
| Fixed assets | 21/28 | €7,131 | €2,500 | -€4,631 | -64.9% |
| Financial fixed assets | 28 | €7,131 | €2,500 | -€4,631 | -64.9% |
| Current assets | 29/58 | €20,784 | €45,503 | +€24,719 | +118.9% |
| Stocks and contracts in progress | 3 | €5,370 | €20,170 | +€14,800 | +275.6% |
| Stocks | 30/36 | €5,370 | €20,170 | +€14,800 | +275.6% |
| Amounts receivable within one year | 40/41 | €14,015 | €17,538 | +€3,523 | +25.1% |
| Other amounts receivable | 41 | €14,015 | €17,538 | +€3,523 | +25.1% |
| Cash at bank and in hand | 54/58 | €1,399 | €7,795 | +€6,396 | +457.2% |
| Total equity and liabilities | 10/49 | €27,916 | €48,003 | +€20,087 | +72.0% |
| Equity | 10/15 | €15,085 | €18,994 | +€3,910 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318 | €318 | = | 0.0% |
| Non-distributable reserves | 130/1 | €318 | €318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €318 | €318 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,833 | €77 | +€3,910 | |
| Amounts payable | 17/49 | €12,831 | €29,009 | +€16,178 | +126.1% |
| Amounts payable within one year | 42/48 | €12,831 | €29,009 | +€16,178 | +126.1% |
| Trade debts | 44 | €7,831 | €24,009 | +€16,178 | +206.6% |
| Suppliers | 440/4 | €7,831 | €24,009 | +€16,178 | +206.6% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Turnover | 70 | €307,000 | €301,042 | -€5,958 | -1.9% |
| Non-recurring operating income | 76A | €2,750 | - | -€2,750 | |
| Goods, raw materials, services and sundry goods | 60/61 | €304,861 | €297,991 | -€6,870 | -2.3% |
| Other operating charges | 640/8 | €52 | €53 | +€2 | +3.1% |
| Gross operating margin | 9900 | €4,889 | €3,051 | -€1,838 | -37.6% |
| Operating profit (loss) | 9901 | €4,837 | €2,998 | -€1,840 | -38.0% |
| Financial income | 75/76B | - | €972 | +€972 | |
| Recurring financial income | 75 | - | €972 | +€972 | |
| Financial charges | 65/66B | €60 | €60 | +€0 | +0.1% |
| Recurring financial charges | 65 | €60 | €60 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €4,777 | €3,910 | -€868 | -18.2% |
| Profit (loss) for the period | 9904 | €4,777 | €3,910 | -€868 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,777 | €3,910 | -€868 | -18.2% |
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 6 October 2026 via checked.be.