KAR3S: 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.
KAR3S
Largest movements
- Tangible fixed assets +€865,217
new in 2024: €865,217
of which Leasing and similar rights: +€843,751
- Receivables within one year +€788,917
up €788,917 (+3603.2%), from €21,895 to €810,812
of which Trade receivables: +€447,966
- Cash +€119,731
up €119,731 (+322116.5%), from €37 to €119,768
- Receivables after one year -€80,000
no longer reported in 2024 (was €80,000)
- Trade debts +€945,891
new in 2024: €945,891
- Debts after one year +€636,598
new in 2024: €636,598
- Current portion of long-term debt +€110,178
new in 2024: €110,178
- Gross operating margin +€30,592
up €30,592, from -€553 to €30,039
- Depreciation +€29,527
new in 2024: €29,527
- Financial charges +€11,777
up €11,777 (+5139.4%), from €229 to €12,006
- Financial income +€11,080
up €11,080 (+262.0%), from €4,229 to €15,309
- Other operating charges +€443
up €443 (+127.4%), from €348 to €790
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,932 | €1,798,404 | +€1.7m | +1664.3% |
| Fixed assets | 21/28 | - | €867,715 | +€867,715 | |
| Tangible fixed assets | 22/27 | - | €865,217 | +€865,217 | |
| Furniture and vehicles | 24 | - | €9,357 | +€9,357 | |
| Leasing and similar rights | 25 | - | €843,751 | +€843,751 | |
| Assets under construction and advance payments | 27 | - | €12,109 | +€12,109 | |
| Financial fixed assets | 28 | - | €2,498 | +€2,498 | |
| Current assets | 29/58 | €101,932 | €930,688 | +€828,756 | +813.0% |
| Amounts receivable after more than one year | 29 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 291 | €80,000 | - | -€80,000 | |
| Amounts receivable within one year | 40/41 | €21,895 | €810,812 | +€788,917 | +3603.2% |
| Trade receivables | 40 | - | €447,966 | +€447,966 | |
| Other amounts receivable | 41 | €21,895 | €362,846 | +€340,951 | +1557.2% |
| Cash at bank and in hand | 54/58 | €37 | €119,768 | +€119,731 | +322116.5% |
| Deferred charges and accrued income | 490/1 | - | €108 | +€108 | |
| Total equity and liabilities | 10/49 | €101,932 | €1,798,404 | +€1.7m | +1664.3% |
| Equity | 10/15 | €101,157 | €103,071 | +€1,913 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,652 | €65,652 | = | 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% |
| Distributable reserves | 133 | €63,792 | €63,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,305 | €31,218 | +€1,913 | +6.5% |
| Amounts payable | 17/49 | €775 | €1,695,333 | +€1.7m | +218686.5% |
| Amounts payable after more than one year | 17 | - | €636,598 | +€636,598 | |
| Financial debts | 170/4 | - | €636,598 | +€636,598 | |
| Amounts payable within one year | 42/48 | €775 | €1,057,335 | +€1.1m | +136351.5% |
| Current portion of amounts payable after more than one year | 42 | - | €110,178 | +€110,178 | |
| Trade debts | 44 | - | €945,891 | +€945,891 | |
| Suppliers | 440/4 | - | €945,891 | +€945,891 | |
| Taxes, remuneration and social security | 45 | €775 | €1,266 | +€491 | +63.4% |
| Taxes | 450/3 | €775 | €1,266 | +€491 | +63.4% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €29,527 | +€29,527 | |
| Other operating charges | 640/8 | €348 | €790 | +€443 | +127.4% |
| Gross operating margin | 9900 | -€553 | €30,039 | +€30,592 | |
| Operating profit (loss) | 9901 | -€901 | -€278 | +€622 | +69.1% |
| Financial income | 75/76B | €4,229 | €15,309 | +€11,080 | +262.0% |
| Recurring financial income | 75 | €4,229 | €15,309 | +€11,080 | +262.0% |
| Financial charges | 65/66B | €229 | €12,006 | +€11,777 | +5139.4% |
| Recurring financial charges | 65 | €229 | €12,006 | +€11,777 | +5139.4% |
| Profit (loss) for the period before taxes | 9903 | €3,100 | €3,025 | -€75 | -2.4% |
| Income taxes | 67/77 | €775 | €1,111 | +€337 | +43.4% |
| Profit (loss) for the period | 9904 | €2,325 | €1,913 | -€411 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,325 | €1,913 | -€411 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.