KARA CONSTRUCTION: 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.
KARA CONSTRUCTION
Largest movements
- Receivables within one year +€425,748
up €425,748 (+56.1%), from €758,903 to €1.2m
of which Trade receivables: +€632,411
- Stocks and contracts +€327,736
new in 2025: €327,736
- Tangible fixed assets -€89,982
down €89,982 (-23.8%), from €378,719 to €288,737
of which Furniture and vehicles: -€108,185
- Trade debts +€412,018
up €412,018 (+237%), from €173,535 to €585,553
- Debts after one year +€126,901
up €126,901 (+55.2%), from €229,767 to €356,668
- Profit (loss) carried forward +€105,127
up €105,127 (+75.7%), from €138,789 to €243,916
- Provisions -€36,103
down €36,103 (-24.8%), from €145,546 to €109,443
- Current portion of long-term debt +€33,152
up €33,152 (+36.1%), from €91,869 to €125,021
- Gross operating margin -€221,401
down €221,401 (-37.0%), from €598,032 to €376,630
- Staff costs -€134,536
down €134,536 (-74.7%), from €180,132 to €45,596
- Provisions -€82,712
down €82,712, from €46,609 to -€36,103
- Write-downs +€61,743
new in 2025: €61,743
- Taxes -€30,658
down €30,658 (-38.2%), from €80,317 to €49,659
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 | €1,160,859 | €1,821,855 | +€660,997 | +56.9% |
| Fixed assets | 21/28 | €382,019 | €295,517 | -€86,502 | -22.6% |
| Tangible fixed assets | 22/27 | €378,719 | €288,737 | -€89,982 | -23.8% |
| Land and buildings | 22 | €115,427 | €109,768 | -€5,659 | -4.9% |
| Plant, machinery and equipment | 23 | €1,295 | €25,156 | +€23,861 | +1,843% |
| Furniture and vehicles | 24 | €261,998 | €153,813 | -€108,185 | -41.3% |
| Financial fixed assets | 28 | €3,300 | €6,780 | +€3,480 | +105% |
| Current assets | 29/58 | €778,839 | €1,526,339 | +€747,499 | +96.0% |
| Stocks and contracts in progress | 3 | - | €327,736 | +€327,736 | |
| Stocks | 30/36 | - | €327,736 | +€327,736 | |
| Amounts receivable within one year | 40/41 | €758,903 | €1,184,651 | +€425,748 | +56.1% |
| Trade receivables | 40 | €435,397 | €1,067,808 | +€632,411 | +145% |
| Other amounts receivable | 41 | €323,507 | €116,843 | -€206,664 | -63.9% |
| Cash at bank and in hand | 54/58 | €19,454 | €13,736 | -€5,718 | -29.4% |
| Deferred charges and accrued income | 490/1 | €482 | €215 | -€267 | -55.4% |
| Total equity and liabilities | 10/49 | €1,160,859 | €1,821,855 | +€660,997 | +56.9% |
| Equity | 10/15 | €331,939 | €437,066 | +€105,127 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,550 | €174,550 | = | 0.0% |
| Distributable reserves | 133 | €174,550 | €174,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,789 | €243,916 | +€105,127 | +75.7% |
| Provisions and deferred taxes | 16 | €145,546 | €109,443 | -€36,103 | -24.8% |
| Provisions for liabilities and charges | 160/5 | €145,546 | €109,443 | -€36,103 | -24.8% |
| Other liabilities and charges | 164/5 | €145,546 | €109,443 | -€36,103 | -24.8% |
| Amounts payable | 17/49 | €683,374 | €1,275,347 | +€591,973 | +86.6% |
| Amounts payable after more than one year | 17 | €229,767 | €356,668 | +€126,901 | +55.2% |
| Financial debts | 170/4 | €229,767 | €356,668 | +€126,901 | +55.2% |
| Amounts payable within one year | 42/48 | €453,607 | €918,679 | +€465,072 | +103% |
| Current portion of amounts payable after more than one year | 42 | €91,869 | €125,021 | +€33,152 | +36.1% |
| Trade debts | 44 | €173,535 | €585,553 | +€412,018 | +237% |
| Suppliers | 440/4 | €173,535 | €585,553 | +€412,018 | +237% |
| Taxes, remuneration and social security | 45 | €68,055 | €66,938 | -€1,117 | -1.6% |
| Taxes | 450/3 | €58,047 | €66,316 | +€8,269 | +14.2% |
| Remuneration and social security | 454/9 | €10,008 | €622 | -€9,386 | -93.8% |
| Other amounts payable | 47/48 | €120,148 | €141,168 | +€21,019 | +17.5% |
| Non-recurring operating income | 76A | - | €2,358 | +€2,358 | |
| Remuneration, social security and pensions | 62 | €180,132 | €45,596 | -€134,536 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,135 | €84,624 | +€13,489 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €61,743 | +€61,743 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €46,609 | -€36,103 | -€82,712 | |
| Other operating charges | 640/8 | €75,578 | €64,651 | -€10,927 | -14.5% |
| Gross operating margin | 9900 | €598,032 | €376,630 | -€221,401 | -37.0% |
| Operating profit (loss) | 9901 | €224,578 | €156,120 | -€68,458 | -30.5% |
| Financial income | 75/76B | - | €201 | +€201 | |
| Recurring financial income | 75 | - | €201 | +€201 | |
| Financial charges | 65/66B | €8,142 | €1,535 | -€6,607 | -81.1% |
| Recurring financial charges | 65 | €8,142 | €1,535 | -€6,607 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €216,436 | €154,786 | -€61,650 | -28.5% |
| Income taxes | 67/77 | €80,317 | €49,659 | -€30,658 | -38.2% |
| Profit (loss) for the period | 9904 | €136,119 | €105,127 | -€30,991 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €136,119 | €105,127 | -€30,991 | -22.8% |
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 15 October 2026 via checked.be.