KARTAR: 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.
KARTAR
Largest movements
- Cash +€19,288
up €19,288 (+56.2%), from €34,344 to €53,632
mainly Net result for the year (+€12,687) and Tax, wage and social debts (+€9,900)
- Stocks and contracts +€2,800
up €2,800 (+7.1%), from €39,325 to €42,125
- Receivables within one year +€1,110
up €1,110 (+118.9%), from €934 to €2,044
of which Other amounts receivable: +€1,734
- Profit (loss) carried forward +€12,687
up €12,687 (+19.5%), from -€65,196 to -€52,509
- Tax, wage and social debts +€9,900
new in 2025: €9,900
- Gross operating margin +€4,182
up €4,182 (+38.3%), from €10,916 to €15,097
- Depreciation -€692
down €692 (-58.9%), from €1,175 to €483
- Other operating charges +€672
up €672 (+64.6%), from €1,040 to €1,712
- Financial charges +€218
up €218 (+8720.0%), from €3 to €221
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 | €77,677 | €100,392 | +€22,716 | +29.2% |
| Fixed assets | 21/28 | €3,074 | €2,591 | -€483 | -15.7% |
| Tangible fixed assets | 22/27 | €1,308 | €825 | -€483 | -36.9% |
| Other tangible fixed assets | 26 | €1,308 | €825 | -€483 | -36.9% |
| Financial fixed assets | 28 | €1,765 | €1,765 | = | 0.0% |
| Current assets | 29/58 | €74,603 | €97,802 | +€23,198 | +31.1% |
| Stocks and contracts in progress | 3 | €39,325 | €42,125 | +€2,800 | +7.1% |
| Stocks | 30/36 | €39,325 | €42,125 | +€2,800 | +7.1% |
| Amounts receivable within one year | 40/41 | €934 | €2,044 | +€1,110 | +118.9% |
| Trade receivables | 40 | €624 | - | -€624 | |
| Other amounts receivable | 41 | €310 | €2,044 | +€1,734 | +558.8% |
| Cash at bank and in hand | 54/58 | €34,344 | €53,632 | +€19,288 | +56.2% |
| Total equity and liabilities | 10/49 | €77,677 | €100,392 | +€22,716 | +29.2% |
| Equity | 10/15 | -€46,596 | -€33,909 | +€12,687 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,196 | -€52,509 | +€12,687 | +19.5% |
| Amounts payable | 17/49 | €124,272 | €134,301 | +€10,029 | +8.1% |
| Amounts payable within one year | 42/48 | €124,272 | €134,301 | +€10,029 | +8.1% |
| Trade debts | 44 | €1,692 | €1,189 | -€503 | -29.7% |
| Suppliers | 440/4 | €1,692 | €1,189 | -€503 | -29.7% |
| Taxes, remuneration and social security | 45 | - | €9,900 | +€9,900 | |
| Remuneration and social security | 454/9 | - | €9,900 | +€9,900 | |
| Other amounts payable | 47/48 | €122,581 | €123,212 | +€631 | +0.5% |
| Non-recurring operating income | 76A | €973 | - | -€973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €483 | -€692 | -58.9% |
| Other operating charges | 640/8 | €1,040 | €1,712 | +€672 | +64.6% |
| Gross operating margin | 9900 | €10,916 | €15,097 | +€4,182 | +38.3% |
| Operating profit (loss) | 9901 | €8,700 | €12,902 | +€4,202 | +48.3% |
| Financial income | 75/76B | €148 | €5 | -€143 | -96.5% |
| Recurring financial income | 75 | €148 | €5 | -€143 | -96.5% |
| Financial charges | 65/66B | €3 | €221 | +€218 | +8720.0% |
| Recurring financial charges | 65 | €3 | €221 | +€218 | +8720.0% |
| Profit (loss) for the period before taxes | 9903 | €8,846 | €12,687 | +€3,841 | +43.4% |
| Profit (loss) for the period | 9904 | €8,846 | €12,687 | +€3,841 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,846 | €12,687 | +€3,841 | +43.4% |
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 4 October 2026 via checked.be.