KARE: 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.
KARE
Largest movements
- Receivables within one year -€39,949
down €39,949 (-69.9%), from €57,174 to €17,226
of which Other amounts receivable: -€21,534
- Cash +€12,665
up €12,665 (+558.1%), from €2,269 to €14,934
mainly Receivables within one year (+€39,949) and Depreciation (+€23,075)
- Tangible fixed assets -€12,131
down €12,131 (-17.2%), from €70,520 to €58,389
of which Furniture and vehicles: -€13,006
- Tax, wage and social debts -€12,159
down €12,159 (-91.1%), from €13,348 to €1,189
- Trade debts -€10,720
down €10,720 (-79.7%), from €13,456 to €2,736
- Reserves -€9,406
down €9,406 (-9.8%), from €95,870 to €86,464
- Current portion of long-term debt -€7,659
no longer reported in 2025 (was €7,659)
- Gross operating margin -€10,540
down €10,540 (-42.3%), from €24,898 to €14,358
- Depreciation +€4,273
up €4,273 (+22.7%), from €18,803 to €23,075
- Taxes -€1,049
no longer reported in 2025 (was €1,049)
- Financial charges -€573
down €573 (-75.2%), from €761 to €189
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 | €135,695 | €95,447 | -€40,248 | -29.7% |
| Fixed assets | 21/28 | €74,270 | €62,139 | -€12,131 | -16.3% |
| Tangible fixed assets | 22/27 | €70,520 | €58,389 | -€12,131 | -17.2% |
| Plant, machinery and equipment | 23 | €25,732 | €26,608 | +€876 | +3.4% |
| Furniture and vehicles | 24 | €44,788 | €31,781 | -€13,006 | -29.0% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €61,426 | €33,308 | -€28,117 | -45.8% |
| Stocks and contracts in progress | 3 | €997 | €288 | -€710 | -71.2% |
| Stocks | 30/36 | €997 | €288 | -€710 | -71.2% |
| Amounts receivable within one year | 40/41 | €57,174 | €17,226 | -€39,949 | -69.9% |
| Trade receivables | 40 | €35,641 | €17,226 | -€18,415 | -51.7% |
| Other amounts receivable | 41 | €21,534 | - | -€21,534 | |
| Cash at bank and in hand | 54/58 | €2,269 | €14,934 | +€12,665 | +558.1% |
| Deferred charges and accrued income | 490/1 | €985 | €861 | -€124 | -12.6% |
| Total equity and liabilities | 10/49 | €135,695 | €95,447 | -€40,248 | -29.7% |
| Equity | 10/15 | €100,870 | €91,464 | -€9,406 | -9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,870 | €86,464 | -€9,406 | -9.8% |
| Distributable reserves | 133 | €95,870 | €86,464 | -€9,406 | -9.8% |
| Amounts payable | 17/49 | €34,825 | €3,983 | -€30,842 | -88.6% |
| Amounts payable within one year | 42/48 | €34,825 | €3,983 | -€30,842 | -88.6% |
| Current portion of amounts payable after more than one year | 42 | €7,659 | - | -€7,659 | |
| Trade debts | 44 | €13,456 | €2,736 | -€10,720 | -79.7% |
| Suppliers | 440/4 | €13,456 | €2,736 | -€10,720 | -79.7% |
| Taxes, remuneration and social security | 45 | €13,348 | €1,189 | -€12,159 | -91.1% |
| Taxes | 450/3 | €13,348 | €1,189 | -€12,159 | -91.1% |
| Other amounts payable | 47/48 | €363 | €59 | -€304 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,803 | €23,075 | +€4,273 | +22.7% |
| Other operating charges | 640/8 | €414 | €500 | +€86 | +20.8% |
| Gross operating margin | 9900 | €24,898 | €14,358 | -€10,540 | -42.3% |
| Operating profit (loss) | 9901 | €5,681 | -€9,218 | -€14,899 | |
| Financial charges | 65/66B | €761 | €189 | -€573 | -75.2% |
| Recurring financial charges | 65 | €761 | €189 | -€573 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €4,920 | -€9,406 | -€14,327 | |
| Income taxes | 67/77 | €1,049 | - | -€1,049 | |
| Profit (loss) for the period | 9904 | €3,872 | -€9,406 | -€13,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,872 | -€9,406 | -€13,278 |
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 10 October 2026 via checked.be.