KASARI: 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.
KASARI
Largest movements
- Financial fixed assets +€2.6m
up €2.6m (+54240.1%), from €4,793 to €2.6m
- Debts after one year +€2.3m
up €2.3m (+629.1%), from €359,334 to €2.6m
- Current portion of long-term debt +€160,286
up €160,286 (+209.2%), from €76,616 to €236,903
- Reserves +€103,191
up €103,191 (+983.4%), from €10,493 to €113,684
- Tax, wage and social debts +€45,529
up €45,529 (+907.7%), from €5,016 to €50,545
of which Taxes: +€33,029
- Gross operating margin +€234,709
up €234,709 (+2723.6%), from €8,618 to €243,327
- Financial charges +€51,064
up €51,064 (+399.2%), from €12,791 to €63,855
- Staff costs -€25,644
down €25,644 (-97.3%), from €26,357 to €713
- Depreciation -€11,343
down €11,343 (-15.4%), from €73,617 to €62,274
- Taxes +€11,090
new in 2026: €11,090
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,113,698 | €3,712,805 | +€2.6m | +233.4% |
| Fixed assets | 21/28 | €927,330 | €3,495,760 | +€2.6m | +277.0% |
| Tangible fixed assets | 22/27 | €922,537 | €891,511 | -€31,026 | -3.4% |
| Land and buildings | 22 | €889,262 | €864,432 | -€24,830 | -2.8% |
| Plant, machinery and equipment | 23 | €33,275 | €27,079 | -€6,196 | -18.6% |
| Financial fixed assets | 28 | €4,793 | €2,604,248 | +€2.6m | +54240.1% |
| Current assets | 29/58 | €186,368 | €217,045 | +€30,677 | +16.5% |
| Stocks and contracts in progress | 3 | €30,426 | €30,426 | = | 0.0% |
| Stocks | 30/36 | €30,426 | €30,426 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,881 | €107,782 | -€5,099 | -4.5% |
| Trade receivables | 40 | €12,881 | €7,782 | -€5,099 | -39.6% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,226 | €56,851 | +€34,625 | +155.8% |
| Deferred charges and accrued income | 490/1 | €20,835 | €21,986 | +€1,151 | +5.5% |
| Total equity and liabilities | 10/49 | €1,113,698 | €3,712,805 | +€2.6m | +233.4% |
| Equity | 10/15 | €29,093 | €132,284 | +€103,191 | +354.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,493 | €113,684 | +€103,191 | +983.4% |
| Distributable reserves | 133 | €10,493 | €113,684 | +€103,191 | +983.4% |
| Amounts payable | 17/49 | €1,084,605 | €3,580,521 | +€2.5m | +230.1% |
| Amounts payable after more than one year | 17 | €359,334 | €2,619,975 | +€2.3m | +629.1% |
| Financial debts | 170/4 | €359,334 | €2,619,975 | +€2.3m | +629.1% |
| Amounts payable within one year | 42/48 | €725,271 | €960,546 | +€235,275 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €76,616 | €236,903 | +€160,286 | +209.2% |
| Financial debts | 43 | €3,516 | - | -€3,516 | |
| Credit institutions | 430/8 | €3,516 | - | -€3,516 | |
| Trade debts | 44 | €19,546 | €15,936 | -€3,610 | -18.5% |
| Suppliers | 440/4 | €19,546 | €15,936 | -€3,610 | -18.5% |
| Taxes, remuneration and social security | 45 | €5,016 | €50,545 | +€45,529 | +907.7% |
| Taxes | 450/3 | €3,607 | €36,636 | +€33,029 | +915.6% |
| Remuneration and social security | 454/9 | €1,408 | €13,908 | +€12,500 | +887.5% |
| Other amounts payable | 47/48 | €620,577 | €657,163 | +€36,586 | +5.9% |
| Remuneration, social security and pensions | 62 | €26,357 | €713 | -€25,644 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,617 | €62,274 | -€11,343 | -15.4% |
| Other operating charges | 640/8 | €8,882 | €7,774 | -€1,107 | -12.5% |
| Non-recurring operating charges | 66A | €625 | - | -€625 | |
| Gross operating margin | 9900 | €8,618 | €243,327 | +€234,709 | +2723.6% |
| Operating profit (loss) | 9901 | -€100,863 | €172,566 | +€273,429 | |
| Financial income | 75/76B | €6,251 | €5,570 | -€681 | -10.9% |
| Recurring financial income | 75 | €6,251 | €5,570 | -€681 | -10.9% |
| Financial charges | 65/66B | €12,791 | €63,855 | +€51,064 | +399.2% |
| Recurring financial charges | 65 | €12,791 | €63,855 | +€51,064 | +399.2% |
| Profit (loss) for the period before taxes | 9903 | -€107,403 | €114,281 | +€221,685 | |
| Income taxes | 67/77 | - | €11,090 | +€11,090 | |
| Profit (loss) for the period | 9904 | -€107,403 | €103,191 | +€210,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,403 | €103,191 | +€210,594 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.