KARDAS: 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.
KARDAS
Largest movements
- Cash -€245
down €245 (-2.6%), from €9,375 to €9,129
mainly Net result for the year (-€421)
- Profit (loss) carried forward -€421
down €421 (-3.0%), from -€13,885 to -€14,306
- Tax, wage and social debts +€176
up €176 (+31.6%), from €556 to €732
- Other operating charges -€968
down €968 (-67.3%), from €1,438 to €471
- Gross operating margin +€222
up €222 (+845.0%), from €26 to €249
- Financial charges +€11
up €11 (+18.3%), from €61 to €72
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 | €9,398 | €9,153 | -€245 | -2.6% |
| Current assets | 29/58 | €9,398 | €9,153 | -€245 | -2.6% |
| Amounts receivable within one year | 40/41 | €23 | €23 | = | 0.0% |
| Other amounts receivable | 41 | €23 | €23 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,375 | €9,129 | -€245 | -2.6% |
| Total equity and liabilities | 10/49 | €9,398 | €9,153 | -€245 | -2.6% |
| Equity | 10/15 | €8,842 | €8,421 | -€421 | -4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,135 | €4,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €318 | €318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €318 | €318 | = | 0.0% |
| Distributable reserves | 133 | €3,816 | €3,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,885 | -€14,306 | -€421 | -3.0% |
| Amounts payable | 17/49 | €556 | €732 | +€176 | +31.6% |
| Amounts payable within one year | 42/48 | €556 | €732 | +€176 | +31.6% |
| Taxes, remuneration and social security | 45 | €556 | €732 | +€176 | +31.6% |
| Taxes | 450/3 | €556 | €732 | +€176 | +31.6% |
| Other operating charges | 640/8 | €1,438 | €471 | -€968 | -67.3% |
| Non-recurring operating charges | 66A | €242 | €127 | -€115 | -47.6% |
| Gross operating margin | 9900 | €26 | €249 | +€222 | +845.0% |
| Operating profit (loss) | 9901 | -€1,654 | -€349 | +€1,305 | +78.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €61 | €72 | +€11 | +18.3% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,715 | -€421 | +€1,294 | +75.5% |
| Profit (loss) for the period | 9904 | -€1,715 | -€421 | +€1,294 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,715 | -€421 | +€1,294 | +75.5% |
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 11 October 2026 via checked.be.