KARDITSEL: what changed
Two fiscal 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.
KARDITSEL
Largest movements
- Cash +€33,898
up €33,898 (+19.7%), from €171,833 to €205,731
mainly Net result for the year (+€51,813) and Depreciation (+€48,525)
- Receivables within one year +€10,952
up €10,952 (+11.9%), from €91,966 to €102,918
of which Other amounts receivable: +€6,989
- Tangible fixed assets -€6,325
down €6,325 (-3.2%), from €199,485 to €193,161
of which Other tangible fixed assets: -€15,202
- Reserves +€51,813
up €51,813 (+169.3%), from €30,612 to €82,425
of which Distributable reserves: +€51,813
- Debts after one year -€16,598
down €16,598 (-15.0%), from €110,560 to €93,962
- Gross operating margin +€48,999
up €48,999 (+15.6%), from €313,358 to €362,357
- Depreciation -€23,272
down €23,272 (-32.4%), from €71,797 to €48,525
- Staff costs -€14,963
down €14,963 (-5.5%), from €272,217 to €257,255
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 | €593,707 | €626,648 | +€32,940 | +5.5% |
| Fixed assets | 21/28 | €203,785 | €197,461 | -€6,325 | -3.1% |
| Tangible fixed assets | 22/27 | €199,485 | €193,161 | -€6,325 | -3.2% |
| Land and buildings | 22 | €75,625 | €71,875 | -€3,750 | -5.0% |
| Plant, machinery and equipment | 23 | €56,353 | €70,241 | +€13,888 | +24.6% |
| Furniture and vehicles | 24 | €2,486 | €1,225 | -€1,261 | -50.7% |
| Other tangible fixed assets | 26 | €65,022 | €49,819 | -€15,202 | -23.4% |
| Financial fixed assets | 28 | €4,300 | €4,300 | = | 0.0% |
| Current assets | 29/58 | €389,922 | €429,187 | +€39,265 | +10.1% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,876 | €33,297 | -€4,579 | -12.1% |
| Stocks | 30/36 | €37,876 | €33,297 | -€4,579 | -12.1% |
| Amounts receivable within one year | 40/41 | €91,966 | €102,918 | +€10,952 | +11.9% |
| Trade receivables | 40 | €48,725 | €52,688 | +€3,963 | +8.1% |
| Other amounts receivable | 41 | €43,241 | €50,230 | +€6,989 | +16.2% |
| Cash at bank and in hand | 54/58 | €171,833 | €205,731 | +€33,898 | +19.7% |
| Deferred charges and accrued income | 490/1 | €8,247 | €7,241 | -€1,006 | -12.2% |
| Total equity and liabilities | 10/49 | €593,707 | €626,648 | +€32,940 | +5.5% |
| Equity | 10/15 | €353,857 | €405,670 | +€51,813 | +14.6% |
| Contributions | 10/11 | €323,245 | €323,245 | = | 0.0% |
| Reserves | 13 | €30,612 | €82,425 | +€51,813 | +169.3% |
| Non-distributable reserves | 130/1 | €2,241 | €2,241 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,241 | €2,241 | = | 0.0% |
| Distributable reserves | 133 | €28,371 | €80,184 | +€51,813 | +182.6% |
| Amounts payable | 17/49 | €239,850 | €220,978 | -€18,872 | -7.9% |
| Amounts payable after more than one year | 17 | €110,560 | €93,962 | -€16,598 | -15.0% |
| Financial debts | 170/4 | €110,560 | €93,962 | -€16,598 | -15.0% |
| Amounts payable within one year | 42/48 | €127,000 | €125,616 | -€1,385 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €16,331 | €16,598 | +€267 | +1.6% |
| Trade debts | 44 | €75,891 | €78,338 | +€2,448 | +3.2% |
| Suppliers | 440/4 | €75,891 | €78,338 | +€2,448 | +3.2% |
| Taxes, remuneration and social security | 45 | €34,186 | €30,087 | -€4,099 | -12.0% |
| Remuneration and social security | 454/9 | €34,186 | €30,087 | -€4,099 | -12.0% |
| Other amounts payable | 47/48 | €592 | €592 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,290 | €1,400 | -€890 | -38.9% |
| Remuneration, social security and pensions | 62 | €272,217 | €257,255 | -€14,963 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,797 | €48,525 | -€23,272 | -32.4% |
| Other operating charges | 640/8 | €2,802 | €2,808 | +€6 | +0.2% |
| Gross operating margin | 9900 | €313,358 | €362,357 | +€48,999 | +15.6% |
| Operating profit (loss) | 9901 | -€33,458 | €53,770 | +€87,228 | |
| Financial income | 75/76B | €522 | €652 | +€130 | +25.0% |
| Recurring financial income | 75 | €522 | €652 | +€130 | +25.0% |
| Financial charges | 65/66B | €2,704 | €2,610 | -€95 | -3.5% |
| Recurring financial charges | 65 | €2,704 | €2,610 | -€95 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,640 | €51,813 | +€87,453 | |
| Profit (loss) for the period | 9904 | -€35,640 | €51,813 | +€87,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,640 | €51,813 | +€87,453 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.