KARCARS: 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.
KARCARS
Largest movements
- Receivables within one year -€153,286
down €153,286 (-38.6%), from €397,151 to €243,866
- Intangible fixed assets -€54,908
down €54,908 (-21.1%), from €260,813 to €205,905
- Tangible fixed assets -€21,743
down €21,743 (-36.4%), from €59,689 to €37,946
of which Furniture and vehicles: -€15,615
- Cash -€16,383
down €16,383 (-19.6%), from €83,781 to €67,398
mainly Trade debts (-€226,955) and Debts after one year (-€43,907)
- Trade debts -€226,955
down €226,955 (-51.9%), from €436,904 to €209,949
- Debts after one year -€43,907
down €43,907 (-15.2%), from €288,804 to €244,897
- Reserves +€22,649
up €22,649 (+28.4%), from €79,627 to €102,276
- Tax, wage and social debts -€11,271
down €11,271 (-20.8%), from €54,230 to €42,959
of which Taxes: -€10,933
- Staff costs +€44,643
up €44,643 (+20.8%), from €215,004 to €259,647
- Gross operating margin +€19,775
up €19,775 (+5.6%), from €350,773 to €370,549
- Taxes -€5,786
down €5,786 (-49.7%), from €11,642 to €5,855
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.
Cash bridge derived
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 | €967,435 | €722,895 | -€244,539 | -25.3% |
| Fixed assets | 21/28 | €320,503 | €243,851 | -€76,651 | -23.9% |
| Intangible fixed assets | 21 | €260,813 | €205,905 | -€54,908 | -21.1% |
| Tangible fixed assets | 22/27 | €59,689 | €37,946 | -€21,743 | -36.4% |
| Plant, machinery and equipment | 23 | €16,854 | €10,725 | -€6,129 | -36.4% |
| Furniture and vehicles | 24 | €42,835 | €27,221 | -€15,615 | -36.5% |
| Current assets | 29/58 | €646,932 | €479,044 | -€167,888 | -26.0% |
| Stocks and contracts in progress | 3 | €166,000 | €167,781 | +€1,781 | +1.1% |
| Stocks | 30/36 | €166,000 | €167,781 | +€1,781 | +1.1% |
| Amounts receivable within one year | 40/41 | €397,151 | €243,866 | -€153,286 | -38.6% |
| Trade receivables | 40 | €397,151 | €243,866 | -€153,286 | -38.6% |
| Cash at bank and in hand | 54/58 | €83,781 | €67,398 | -€16,383 | -19.6% |
| Total equity and liabilities | 10/49 | €967,435 | €722,895 | -€244,539 | -25.3% |
| Equity | 10/15 | €81,627 | €104,276 | +€22,649 | +27.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €79,627 | €102,276 | +€22,649 | +28.4% |
| Distributable reserves | 133 | €79,627 | €102,276 | +€22,649 | +28.4% |
| Amounts payable | 17/49 | €885,808 | €618,620 | -€267,188 | -30.2% |
| Amounts payable after more than one year | 17 | €288,804 | €244,897 | -€43,907 | -15.2% |
| Financial debts | 170/4 | €288,804 | €244,897 | -€43,907 | -15.2% |
| Amounts payable within one year | 42/48 | €597,004 | €373,723 | -€223,281 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €105,871 | €112,609 | +€6,738 | +6.4% |
| Trade debts | 44 | €436,904 | €209,949 | -€226,955 | -51.9% |
| Suppliers | 440/4 | €436,904 | €209,949 | -€226,955 | -51.9% |
| Taxes, remuneration and social security | 45 | €54,230 | €42,959 | -€11,271 | -20.8% |
| Taxes | 450/3 | €50,328 | €39,395 | -€10,933 | -21.7% |
| Remuneration and social security | 454/9 | €3,902 | €3,564 | -€338 | -8.7% |
| Other amounts payable | 47/48 | - | €8,206 | +€8,206 | |
| Remuneration, social security and pensions | 62 | €215,004 | €259,647 | +€44,643 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,651 | €76,651 | -€0 | 0.0% |
| Other operating charges | 640/8 | €396 | €303 | -€93 | -23.6% |
| Non-recurring operating charges | 66A | - | €786 | +€786 | |
| Gross operating margin | 9900 | €350,773 | €370,549 | +€19,775 | +5.6% |
| Operating profit (loss) | 9901 | €58,722 | €33,161 | -€25,561 | -43.5% |
| Financial charges | 65/66B | €2,692 | €4,656 | +€1,964 | +73.0% |
| Recurring financial charges | 65 | €2,692 | €4,656 | +€1,964 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €56,030 | €28,505 | -€27,525 | -49.1% |
| Income taxes | 67/77 | €11,642 | €5,855 | -€5,786 | -49.7% |
| Profit (loss) for the period | 9904 | €44,388 | €22,649 | -€21,739 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,388 | €22,649 | -€21,739 | -49.0% |
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 9 October 2026 via checked.be.