KARAARSLAN: 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.
KARAARSLAN
Largest movements
- Receivables within one year -€29,145
down €29,145 (-95.7%), from €30,446 to €1,300
of which Trade receivables: -€30,446
- Tangible fixed assets -€10,101
down €10,101 (-22.7%), from €44,528 to €34,427
of which Plant, machinery and equipment: -€9,840
- Cash -€9,743
down €9,743 (-58.5%), from €16,669 to €6,926
mainly Trade debts (-€51,278) and Other debts (-€17,980)
- Stocks and contracts -€1,475
down €1,475 (-38.6%), from €3,822 to €2,347
- Trade debts -€51,278
down €51,278 (-85.0%), from €60,335 to €9,057
- Reserves +€19,211
up €19,211 (+346%), from €5,551 to €24,762
of which Distributable reserves: +€19,211
- Other debts -€17,980
no longer reported in 2025 (was €17,980)
- Turnover +€267,875
up €267,875 (+162%), from €165,846 to €433,721
- Purchases and services +€193,501
up €193,501 (+131%), from €147,458 to €340,959
- Gross operating margin +€64,361
up €64,361 (+220%), from €29,241 to €93,602
- Staff costs +€43,682
up €43,682 (+326%), from €13,380 to €57,062
- Taxes +€5,491
new in 2025: €5,491
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 | €100,864 | €51,240 | -€49,625 | -49.2% |
| Fixed assets | 21/28 | €49,928 | €39,827 | -€10,101 | -20.2% |
| Tangible fixed assets | 22/27 | €44,528 | €34,427 | -€10,101 | -22.7% |
| Plant, machinery and equipment | 23 | €43,298 | €33,458 | -€9,840 | -22.7% |
| Furniture and vehicles | 24 | €1,230 | €969 | -€261 | -21.2% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €50,937 | €11,413 | -€39,524 | -77.6% |
| Stocks and contracts in progress | 3 | €3,822 | €2,347 | -€1,475 | -38.6% |
| Stocks | 30/36 | €3,822 | €2,347 | -€1,475 | -38.6% |
| Amounts receivable within one year | 40/41 | €30,446 | €1,300 | -€29,145 | -95.7% |
| Trade receivables | 40 | €30,446 | - | -€30,446 | |
| Other amounts receivable | 41 | - | €1,300 | +€1,300 | |
| Cash at bank and in hand | 54/58 | €16,669 | €6,926 | -€9,743 | -58.5% |
| Deferred charges and accrued income | 490/1 | - | €840 | +€840 | |
| Total equity and liabilities | 10/49 | €100,864 | €51,240 | -€49,625 | -49.2% |
| Equity | 10/15 | €15,551 | €34,762 | +€19,211 | +124% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €5,551 | €24,762 | +€19,211 | +346% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €4,551 | €23,762 | +€19,211 | +422% |
| Amounts payable | 17/49 | €85,314 | €16,478 | -€68,836 | -80.7% |
| Amounts payable within one year | 42/48 | €85,314 | €16,478 | -€68,836 | -80.7% |
| Trade debts | 44 | €60,335 | €9,057 | -€51,278 | -85.0% |
| Suppliers | 440/4 | €60,335 | €9,057 | -€51,278 | -85.0% |
| Taxes, remuneration and social security | 45 | €6,999 | €7,421 | +€422 | +6.0% |
| Taxes | 450/3 | €2,415 | €5,538 | +€3,123 | +129% |
| Remuneration and social security | 454/9 | €4,584 | €1,883 | -€2,701 | -58.9% |
| Other amounts payable | 47/48 | €17,980 | - | -€17,980 | |
| Turnover | 70 | €165,846 | €433,721 | +€267,875 | +162% |
| Non-recurring operating income | 76A | €10,852 | €840 | -€10,012 | -92.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €147,458 | €340,959 | +€193,501 | +131% |
| Remuneration, social security and pensions | 62 | €13,380 | €57,062 | +€43,682 | +326% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,976 | €10,101 | +€4,125 | +69.0% |
| Other operating charges | 640/8 | €3,404 | €3,281 | -€123 | -3.6% |
| Gross operating margin | 9900 | €29,241 | €93,602 | +€64,361 | +220% |
| Operating profit (loss) | 9901 | €6,481 | €23,159 | +€16,678 | +257% |
| Financial income | 75/76B | €0 | €1,562 | +€1,562 | +15,624,800% |
| Recurring financial income | 75 | €0 | €1,562 | +€1,562 | +15,624,800% |
| Financial charges | 65/66B | €931 | €20 | -€911 | -97.9% |
| Recurring financial charges | 65 | €931 | €20 | -€911 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €5,551 | €24,702 | +€19,151 | +345% |
| Income taxes | 67/77 | - | €5,491 | +€5,491 | |
| Profit (loss) for the period | 9904 | €5,551 | €19,211 | +€13,661 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €5,551 | €19,211 | +€13,661 | +246% |
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 18 October 2026 via checked.be.