KARGADRICH: 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.
KARGADRICH
Largest movements
- Financial fixed assets +€180,000
new in 2025: €180,000
- Cash +€20,168
up €20,168 (+14.5%), from €139,017 to €159,185
mainly Debts after one year (+€123,983) and Net result for the year (+€66,836)
- Debts after one year +€123,983
new in 2025: €123,983
- Profit (loss) carried forward +€66,836
up €66,836 (+64.0%), from €104,498 to €171,334
- Current portion of long-term debt +€19,621
new in 2025: €19,621
- Tax, wage and social debts -€9,551
down €9,551 (-28.3%), from €33,753 to €24,202
- Gross operating margin +€25,433
up €25,433 (+41.0%), from €62,037 to €87,470
- Taxes +€4,459
up €4,459 (+35.7%), from €12,479 to €16,939
- Financial charges +€2,072
up €2,072 (+2,818%), from €74 to €2,145
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 | €140,601 | €340,140 | +€199,539 | +142% |
| Fixed assets | 21/28 | €1,585 | €180,682 | +€179,097 | +11,303% |
| Tangible fixed assets | 22/27 | €1,585 | €682 | -€903 | -57.0% |
| Furniture and vehicles | 24 | €1,585 | €682 | -€903 | -57.0% |
| Financial fixed assets | 28 | - | €180,000 | +€180,000 | |
| Current assets | 29/58 | €139,017 | €159,458 | +€20,441 | +14.7% |
| Amounts receivable within one year | 40/41 | - | €273 | +€273 | |
| Trade receivables | 40 | - | €273 | +€273 | |
| Cash at bank and in hand | 54/58 | €139,017 | €159,185 | +€20,168 | +14.5% |
| Total equity and liabilities | 10/49 | €140,601 | €340,140 | +€199,539 | +142% |
| Equity | 10/15 | €105,498 | €172,334 | +€66,836 | +63.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,498 | €171,334 | +€66,836 | +64.0% |
| Amounts payable | 17/49 | €35,103 | €167,806 | +€132,703 | +378% |
| Amounts payable after more than one year | 17 | - | €123,983 | +€123,983 | |
| Financial debts | 170/4 | - | €123,983 | +€123,983 | |
| Amounts payable within one year | 42/48 | €35,103 | €43,823 | +€8,719 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,621 | +€19,621 | |
| Trade debts | 44 | €1,346 | - | -€1,346 | |
| Suppliers | 440/4 | €1,346 | - | -€1,346 | |
| Taxes, remuneration and social security | 45 | €33,753 | €24,202 | -€9,551 | -28.3% |
| Taxes | 450/3 | €33,753 | €24,202 | -€9,551 | -28.3% |
| Other amounts payable | 47/48 | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €903 | +€368 | +69.0% |
| Other operating charges | 640/8 | €688 | €648 | -€40 | -5.8% |
| Gross operating margin | 9900 | €62,037 | €87,470 | +€25,433 | +41.0% |
| Operating profit (loss) | 9901 | €60,815 | €85,920 | +€25,104 | +41.3% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €74 | €2,145 | +€2,072 | +2,818% |
| Recurring financial charges | 65 | €74 | €2,145 | +€2,072 | +2,818% |
| Profit (loss) for the period before taxes | 9903 | €60,772 | €83,775 | +€23,003 | +37.9% |
| Income taxes | 67/77 | €12,479 | €16,939 | +€4,459 | +35.7% |
| Profit (loss) for the period | 9904 | €48,292 | €66,836 | +€18,544 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,292 | €66,836 | +€18,544 | +38.4% |
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 16 October 2026 via checked.be.