KARA EXPRESS: what changed
KARA EXPRESS
Largest movements
- Stocks and contracts -€66,239
no longer reported in 2025 (was €66,239)
- Receivables within one year +€62,415
up €62,415 (+1,273%), from €4,905 to €67,320
of which Trade receivables: +€57,541
- Cash +€44,923
up €44,923 (+68.2%), from €65,851 to €110,773
mainly Net result for the year (+€120,709) and Stocks and contracts (+€66,239)
- Tangible fixed assets -€21,165
no longer reported in 2025 (was €21,165)
of which Plant, machinery and equipment: -€14,259
- Profit (loss) carried forward +€120,709
up €120,709, from -€3,310 to €117,399
- Trade debts -€65,747
no longer reported in 2025 (was €65,747)
- Debts after one year -€28,035
no longer reported in 2025 (was €28,035)
- Current portion of long-term debt -€19,120
no longer reported in 2025 (was €19,120)
- Tax, wage and social debts +€12,264
up €12,264 (+141%), from €8,689 to €20,952
of which Taxes: +€20,419
- Gross operating margin +€149,780
up €149,780 (+263%), from €56,933 to €206,713
- Staff costs -€68,737
down €68,737 (-91.2%), from €75,376 to €6,639
- Taxes +€18,901
up €18,901 (+3,544%), from €533 to €19,434
- Financial charges -€18,706
down €18,706 (-92.1%), from €20,313 to €1,607
of which Non-recurring financial charges: -€15,000
- Other operating charges -€15,768
down €15,768 (-96.1%), from €16,412 to €645
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,160 | €178,093 | +€19,933 | +12.6% |
| Fixed assets | 21/28 | €21,165 | - | -€21,165 | |
| Tangible fixed assets | 22/27 | €21,165 | - | -€21,165 | |
| Plant, machinery and equipment | 23 | €14,259 | - | -€14,259 | |
| Other tangible fixed assets | 26 | €6,907 | - | -€6,907 | |
| Current assets | 29/58 | €136,994 | €178,093 | +€41,099 | +30.0% |
| Stocks and contracts in progress | 3 | €66,239 | - | -€66,239 | |
| Stocks | 30/36 | €66,239 | - | -€66,239 | |
| Amounts receivable within one year | 40/41 | €4,905 | €67,320 | +€62,415 | +1,273% |
| Trade receivables | 40 | - | €57,541 | +€57,541 | |
| Other amounts receivable | 41 | €4,905 | €9,779 | +€4,874 | +99.4% |
| Cash at bank and in hand | 54/58 | €65,851 | €110,773 | +€44,923 | +68.2% |
| Total equity and liabilities | 10/49 | €158,160 | €178,093 | +€19,933 | +12.6% |
| Equity | 10/15 | €26,690 | €147,399 | +€120,709 | +452% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,310 | €117,399 | +€120,709 | |
| Amounts payable | 17/49 | €131,470 | €30,694 | -€100,776 | -76.7% |
| Amounts payable after more than one year | 17 | €28,035 | - | -€28,035 | |
| Financial debts | 170/4 | €28,035 | - | -€28,035 | |
| Amounts payable within one year | 42/48 | €103,435 | €30,694 | -€72,741 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €19,120 | - | -€19,120 | |
| Trade debts | 44 | €65,747 | - | -€65,747 | |
| Suppliers | 440/4 | €65,747 | - | -€65,747 | |
| Taxes, remuneration and social security | 45 | €8,689 | €20,952 | +€12,264 | +141% |
| Taxes | 450/3 | €533 | €20,952 | +€20,419 | +3,829% |
| Remuneration and social security | 454/9 | €8,155 | - | -€8,155 | |
| Other amounts payable | 47/48 | €9,880 | €9,742 | -€138 | -1.4% |
| Non-recurring operating income | 76A | - | €60,659 | +€60,659 | |
| Remuneration, social security and pensions | 62 | €75,376 | €6,639 | -€68,737 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,119 | - | -€3,119 | |
| Other operating charges | 640/8 | €16,412 | €645 | -€15,768 | -96.1% |
| Non-recurring operating charges | 66A | - | €57,886 | +€57,886 | |
| Gross operating margin | 9900 | €56,933 | €206,713 | +€149,780 | +263% |
| Operating profit (loss) | 9901 | -€37,974 | €141,544 | +€179,518 | |
| Financial income | 75/76B | €468 | €207 | -€262 | -55.9% |
| Recurring financial income | 75 | €468 | €207 | -€262 | -55.9% |
| Financial charges | 65/66B | €20,313 | €1,607 | -€18,706 | -92.1% |
| Recurring financial charges | 65 | €5,313 | €1,607 | -€3,706 | -69.8% |
| Non-recurring financial charges | 66B | €15,000 | - | -€15,000 | |
| Profit (loss) for the period before taxes | 9903 | -€57,819 | €140,144 | +€197,963 | |
| Income taxes | 67/77 | €533 | €19,434 | +€18,901 | +3,544% |
| Profit (loss) for the period | 9904 | -€58,352 | €120,709 | +€179,061 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,352 | €120,709 | +€179,061 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.