KARTAL: 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.
KARTAL
Largest movements
- Receivables within one year +€5,255
up €5,255 (+40.4%), from €13,002 to €18,257
of which Other amounts receivable: +€5,386
- Stocks and contracts -€3,754
down €3,754 (-7.8%), from €47,915 to €44,161
- Tax, wage and social debts -€4,896
down €4,896 (-16.3%), from €30,053 to €25,157
of which Taxes: -€5,055
- Profit (loss) carried forward +€3,805
up €3,805 (+36.3%), from -€10,480 to -€6,675
- Trade debts +€3,154
up €3,154 (+11.6%), from €27,258 to €30,413
- Purchases and services +€8,445
up €8,445 (+5.2%), from €162,092 to €170,537
- Turnover +€6,766
up €6,766 (+3.7%), from €182,972 to €189,738
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 | €65,752 | €67,874 | +€2,122 | +3.2% |
| Fixed assets | 21/28 | €1,073 | €1,073 | = | 0.0% |
| Financial fixed assets | 28 | €1,073 | €1,073 | = | 0.0% |
| Current assets | 29/58 | €64,679 | €66,801 | +€2,122 | +3.3% |
| Stocks and contracts in progress | 3 | €47,915 | €44,161 | -€3,754 | -7.8% |
| Stocks | 30/36 | €47,915 | €44,161 | -€3,754 | -7.8% |
| Amounts receivable within one year | 40/41 | €13,002 | €18,257 | +€5,255 | +40.4% |
| Trade receivables | 40 | €456 | €325 | -€131 | -28.8% |
| Other amounts receivable | 41 | €12,546 | €17,932 | +€5,386 | +42.9% |
| Cash at bank and in hand | 54/58 | €3,051 | €3,093 | +€42 | +1.4% |
| Deferred charges and accrued income | 490/1 | €711 | €1,290 | +€579 | +81.5% |
| Total equity and liabilities | 10/49 | €65,752 | €67,874 | +€2,122 | +3.2% |
| Equity | 10/15 | €8,439 | €12,244 | +€3,805 | +45.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €327 | €327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €327 | €327 | = | 0.0% |
| Reserves not available under the articles | 1311 | €327 | €327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,480 | -€6,675 | +€3,805 | +36.3% |
| Amounts payable | 17/49 | €57,313 | €55,630 | -€1,684 | -2.9% |
| Amounts payable within one year | 42/48 | €57,311 | €55,570 | -€1,742 | -3.0% |
| Trade debts | 44 | €27,258 | €30,413 | +€3,154 | +11.6% |
| Suppliers | 440/4 | €27,258 | €30,413 | +€3,154 | +11.6% |
| Taxes, remuneration and social security | 45 | €30,053 | €25,157 | -€4,896 | -16.3% |
| Taxes | 450/3 | €28,259 | €23,203 | -€5,055 | -17.9% |
| Remuneration and social security | 454/9 | €1,794 | €1,953 | +€159 | +8.9% |
| Accrued charges and deferred income | 492/3 | €2 | €60 | +€58 | +2974.4% |
| Turnover | 70 | €182,972 | €189,738 | +€6,766 | +3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €162,092 | €170,537 | +€8,445 | +5.2% |
| Remuneration, social security and pensions | 62 | €11,473 | €12,236 | +€763 | +6.7% |
| Other operating charges | 640/8 | €2,784 | €1,921 | -€863 | -31.0% |
| Gross operating margin | 9900 | €21,292 | €22,175 | +€883 | +4.1% |
| Operating profit (loss) | 9901 | €7,035 | €8,018 | +€983 | +14.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +13000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +13000.0% |
| Financial charges | 65/66B | €1,663 | €2,648 | +€984 | +59.2% |
| Recurring financial charges | 65 | €1,663 | €2,648 | +€984 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €5,371 | €5,372 | +€0 | 0.0% |
| Income taxes | 67/77 | €1,696 | €1,566 | -€130 | -7.7% |
| Profit (loss) for the period | 9904 | €3,675 | €3,805 | +€130 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,675 | €3,805 | +€130 | +3.5% |
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.