KARTRANS: 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.
KARTRANS
Largest movements
- Tangible fixed assets +€722,285
up €722,285 (+55.8%), from €1.3m to €2.0m
of which Leasing and similar rights: +€576,329
- Cash -€290,645
down €290,645 (-23.7%), from €1.2m to €934,373
mainly Investment in fixed assets (net) (-€831,484) and Receivables within one year (-€110,971)
- Receivables within one year +€110,971
up €110,971 (+95.1%), from €116,640 to €227,611
of which Other amounts receivable: +€82,745
- Debts after one year +€277,587
up €277,587 (+23.8%), from €1.2m to €1.4m
- Current portion of long-term debt +€247,929
up €247,929 (+209%), from €118,394 to €366,322
- Reserves +€163,021
up €163,021 (+11.1%), from €1.5m to €1.6m
- Other debts -€87,361
down €87,361 (-97.2%), from €89,853 to €2,492
- Tax, wage and social debts -€70,731
down €70,731 (-75.8%), from €93,372 to €22,640
of which Taxes: -€70,022
- Gross operating margin -€137,335
down €137,335 (-17.8%), from €773,030 to €635,695
- Taxes -€52,464
down €52,464 (-33.3%), from €157,679 to €105,214
- Depreciation +€33,738
up €33,738 (+44.5%), from €75,836 to €109,574
- Financial charges -€18,943
down €18,943 (-41.4%), from €45,807 to €26,864
- Staff costs +€11,249
up €11,249 (+29.0%), from €38,852 to €50,101
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 | €3,366,513 | €3,908,758 | +€542,245 | +16.1% |
| Fixed assets | 21/28 | €1,323,034 | €2,044,945 | +€721,910 | +54.6% |
| Tangible fixed assets | 22/27 | €1,293,583 | €2,015,868 | +€722,285 | +55.8% |
| Land and buildings | 22 | €1,163,030 | €1,129,545 | -€33,485 | -2.9% |
| Plant, machinery and equipment | 23 | €1,502 | €67,128 | +€65,626 | +4,368% |
| Furniture and vehicles | 24 | €129,050 | €242,866 | +€113,815 | +88.2% |
| Leasing and similar rights | 25 | - | €576,329 | +€576,329 | |
| Financial fixed assets | 28 | €29,451 | €29,076 | -€375 | -1.3% |
| Current assets | 29/58 | €2,043,479 | €1,863,813 | -€179,665 | -8.8% |
| Stocks and contracts in progress | 3 | €700,000 | €700,000 | = | 0.0% |
| Stocks | 30/36 | €700,000 | €700,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,640 | €227,611 | +€110,971 | +95.1% |
| Trade receivables | 40 | €89,785 | €118,010 | +€28,225 | +31.4% |
| Other amounts receivable | 41 | €26,855 | €109,601 | +€82,745 | +308% |
| Cash at bank and in hand | 54/58 | €1,225,018 | €934,373 | -€290,645 | -23.7% |
| Deferred charges and accrued income | 490/1 | €1,820 | €1,829 | +€9 | +0.5% |
| Total equity and liabilities | 10/49 | €3,366,513 | €3,908,758 | +€542,245 | +16.1% |
| Equity | 10/15 | €1,789,970 | €1,952,991 | +€163,021 | +9.1% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €1,466,682 | €1,629,703 | +€163,021 | +11.1% |
| Distributable reserves | 133 | €1,466,682 | €1,629,703 | +€163,021 | +11.1% |
| Profit (loss) carried forward | 14 | €322,038 | €322,038 | = | 0.0% |
| Provisions and deferred taxes | 16 | €43,964 | €43,964 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €43,964 | €43,964 | = | 0.0% |
| Pensions and similar obligations | 160 | €43,964 | €43,964 | = | 0.0% |
| Amounts payable | 17/49 | €1,532,579 | €1,911,803 | +€379,224 | +24.7% |
| Amounts payable after more than one year | 17 | €1,163,973 | €1,441,560 | +€277,587 | +23.8% |
| Financial debts | 170/4 | €1,163,973 | €1,441,560 | +€277,587 | +23.8% |
| Amounts payable within one year | 42/48 | €368,607 | €466,757 | +€98,150 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €118,394 | €366,322 | +€247,929 | +209% |
| Trade debts | 44 | €66,988 | €75,302 | +€8,314 | +12.4% |
| Suppliers | 440/4 | €66,988 | €75,302 | +€8,314 | +12.4% |
| Taxes, remuneration and social security | 45 | €93,372 | €22,640 | -€70,731 | -75.8% |
| Taxes | 450/3 | €74,298 | €4,276 | -€70,022 | -94.2% |
| Remuneration and social security | 454/9 | €19,074 | €18,365 | -€709 | -3.7% |
| Other amounts payable | 47/48 | €89,853 | €2,492 | -€87,361 | -97.2% |
| Accrued charges and deferred income | 492/3 | - | €3,487 | +€3,487 | |
| Non-recurring operating income | 76A | €306,138 | €95,575 | -€210,563 | -68.8% |
| Remuneration, social security and pensions | 62 | €38,852 | €50,101 | +€11,249 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,836 | €109,574 | +€33,738 | +44.5% |
| Other operating charges | 640/8 | €78,083 | €84,544 | +€6,460 | +8.3% |
| Non-recurring operating charges | 66A | €45,137 | - | -€45,137 | |
| Gross operating margin | 9900 | €773,030 | €635,695 | -€137,335 | -17.8% |
| Operating profit (loss) | 9901 | €535,121 | €391,476 | -€143,645 | -26.8% |
| Financial income | 75/76B | €15,113 | €11,123 | -€3,990 | -26.4% |
| Recurring financial income | 75 | €15,113 | €11,123 | -€3,990 | -26.4% |
| Financial charges | 65/66B | €45,807 | €26,864 | -€18,943 | -41.4% |
| Recurring financial charges | 65 | €45,807 | €26,864 | -€18,943 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €504,427 | €375,735 | -€128,692 | -25.5% |
| Income taxes | 67/77 | €157,679 | €105,214 | -€52,464 | -33.3% |
| Profit (loss) for the period | 9904 | €346,748 | €270,521 | -€76,228 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €346,748 | €270,521 | -€76,228 | -22.0% |
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 17 October 2026 via checked.be.