KAR RENOVATION SERVICES: 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 RENOVATION SERVICES
Largest movements
- Receivables within one year -€43,683
down €43,683 (-48.0%), from €90,933 to €47,250
of which Trade receivables: -€36,775
- Tangible fixed assets -€5,142
down €5,142 (-63.3%), from €8,128 to €2,987
- Cash -€3,117
down €3,117 (-24.5%), from €12,711 to €9,594
mainly Tax, wage and social debts (-€31,535) and Other debts (-€15,182)
- Tax, wage and social debts -€31,535
down €31,535 (-80.5%), from €39,193 to €7,657
- Other debts -€15,182
no longer reported in 2025 (was €15,182)
- Trade debts -€14,726
down €14,726 (-87.6%), from €16,808 to €2,083
- Profit (loss) carried forward +€9,502
up €9,502 (+29.2%), from €32,528 to €42,030
- Taxes -€10,893
no longer reported in 2025 (was €10,893)
- Gross operating margin -€7,985
down €7,985 (-33.7%), from €23,669 to €15,684
- Other operating charges -€2,224
down €2,224 (-80.5%), from €2,763 to €539
- Depreciation -€1,255
down €1,255 (-19.6%), from €6,396 to €5,142
- Financial charges -€750
down €750 (-76.4%), from €981 to €232
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 | €111,772 | €59,830 | -€51,942 | -46.5% |
| Fixed assets | 21/28 | €8,128 | €2,987 | -€5,142 | -63.3% |
| Tangible fixed assets | 22/27 | €8,128 | €2,987 | -€5,142 | -63.3% |
| Furniture and vehicles | 24 | €8,128 | €2,987 | -€5,142 | -63.3% |
| Current assets | 29/58 | €103,644 | €56,844 | -€46,800 | -45.2% |
| Amounts receivable within one year | 40/41 | €90,933 | €47,250 | -€43,683 | -48.0% |
| Trade receivables | 40 | €75,118 | €38,343 | -€36,775 | -49.0% |
| Other amounts receivable | 41 | €15,815 | €8,907 | -€6,908 | -43.7% |
| Cash at bank and in hand | 54/58 | €12,711 | €9,594 | -€3,117 | -24.5% |
| Total equity and liabilities | 10/49 | €111,772 | €59,830 | -€51,942 | -46.5% |
| Equity | 10/15 | €40,588 | €50,090 | +€9,502 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,528 | €42,030 | +€9,502 | +29.2% |
| Amounts payable | 17/49 | €71,184 | €9,740 | -€61,443 | -86.3% |
| Amounts payable within one year | 42/48 | €71,184 | €9,740 | -€61,443 | -86.3% |
| Trade debts | 44 | €16,808 | €2,083 | -€14,726 | -87.6% |
| Suppliers | 440/4 | €16,808 | €2,083 | -€14,726 | -87.6% |
| Taxes, remuneration and social security | 45 | €39,193 | €7,657 | -€31,535 | -80.5% |
| Remuneration and social security | 454/9 | €39,193 | €7,657 | -€31,535 | -80.5% |
| Other amounts payable | 47/48 | €15,182 | - | -€15,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,396 | €5,142 | -€1,255 | -19.6% |
| Other operating charges | 640/8 | €2,763 | €539 | -€2,224 | -80.5% |
| Non-recurring operating charges | 66A | €1,050 | €270 | -€781 | -74.3% |
| Gross operating margin | 9900 | €23,669 | €15,684 | -€7,985 | -33.7% |
| Operating profit (loss) | 9901 | €13,459 | €9,733 | -€3,726 | -27.7% |
| Financial charges | 65/66B | €981 | €232 | -€750 | -76.4% |
| Recurring financial charges | 65 | €981 | €232 | -€750 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €12,478 | €9,502 | -€2,976 | -23.9% |
| Income taxes | 67/77 | €10,893 | - | -€10,893 | |
| Profit (loss) for the period | 9904 | €1,586 | €9,502 | +€7,916 | +499% |
| Profit (loss) for the period to be appropriated | 9905 | €1,586 | €9,502 | +€7,916 | +499% |
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.