KASAR: 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.
KASAR
Largest movements
- Receivables within one year +€657,886
new in 2025: €657,886
- Reserves +€628,697
up €628,697 (+180.1%), from €349,126 to €977,823
- Tax, wage and social debts +€62,870
up €62,870 (+838.3%), from €7,499 to €70,369
- Other debts -€33,830
no longer reported in 2025 (was €33,830)
- Financial income +€608,566
up €608,566 (+731.9%), from €83,150 to €691,716
- Taxes +€55,370
up €55,370 (+738.3%), from €7,499 to €62,870
- Gross operating margin +€505
up €505 (+83.9%), from -€602 to -€97
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 | €400,576 | €1,058,192 | +€657,616 | +164.2% |
| Fixed assets | 21/28 | €400,000 | €400,000 | = | 0.0% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €576 | €658,192 | +€657,616 | +114149.6% |
| Amounts receivable within one year | 40/41 | - | €657,886 | +€657,886 | |
| Other amounts receivable | 41 | - | €657,886 | +€657,886 | |
| Cash at bank and in hand | 54/58 | €576 | €306 | -€271 | -47.0% |
| Total equity and liabilities | 10/49 | €400,576 | €1,058,192 | +€657,616 | +164.2% |
| Equity | 10/15 | €359,126 | €987,823 | +€628,697 | +175.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €349,126 | €977,823 | +€628,697 | +180.1% |
| Distributable reserves | 133 | €349,126 | €977,823 | +€628,697 | +180.1% |
| Amounts payable | 17/49 | €41,450 | €70,369 | +€28,919 | +69.8% |
| Amounts payable within one year | 42/48 | €41,450 | €70,369 | +€28,919 | +69.8% |
| Trade debts | 44 | €121 | - | -€121 | |
| Suppliers | 440/4 | €121 | - | -€121 | |
| Taxes, remuneration and social security | 45 | €7,499 | €70,369 | +€62,870 | +838.3% |
| Taxes | 450/3 | €7,499 | €70,369 | +€62,870 | +838.3% |
| Other amounts payable | 47/48 | €33,830 | - | -€33,830 | |
| Gross operating margin | 9900 | -€602 | -€97 | +€505 | +83.9% |
| Operating profit (loss) | 9901 | -€602 | -€97 | +€505 | +83.9% |
| Financial income | 75/76B | €83,150 | €691,716 | +€608,566 | +731.9% |
| Recurring financial income | 75 | €83,150 | €691,716 | +€608,566 | +731.9% |
| Financial charges | 65/66B | €56 | €53 | -€4 | -6.3% |
| Recurring financial charges | 65 | €56 | €53 | -€4 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €82,492 | €691,567 | +€609,075 | +738.3% |
| Income taxes | 67/77 | €7,499 | €62,870 | +€55,370 | +738.3% |
| Profit (loss) for the period | 9904 | €74,993 | €628,697 | +€553,704 | +738.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,993 | €628,697 | +€553,704 | +738.3% |
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.