KASARO: 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.
KASARO
Largest movements
- Receivables within one year +€24,494
up €24,494 (+212%), from €11,560 to €36,054
of which Other amounts receivable: +€16,894
- Stocks and contracts -€9,487
down €9,487 (-22.1%), from €42,960 to €33,474
- Tangible fixed assets -€7,283
down €7,283 (-15.4%), from €47,389 to €40,106
of which Furniture and vehicles: -€18,106
- Deferred charges and accrued income +€2,457
up €2,457 (+119%), from €2,069 to €4,526
- Cash -€1,462
down €1,462 (-10.0%), from €14,660 to €13,197
mainly Receivables within one year (-€24,494) and Investment in fixed assets (net) (-€16,032)
- Reserves +€30,793
up €30,793 (+79.2%), from €38,890 to €69,683
of which Distributable reserves: +€30,793
- Debts after one year -€14,300
down €14,300 (-92.3%), from €15,499 to €1,199
- Other debts -€9,182
down €9,182 (-57.8%), from €15,899 to €6,717
- Profit (loss) carried forward +€4,862
up €4,862, from -€4,862 to €0
- Trade debts -€3,175
down €3,175 (-26.3%), from €12,092 to €8,918
- Gross operating margin +€26,143
up €26,143 (+32.8%), from €79,756 to €105,899
- Staff costs -€23,378
down €23,378 (-39.6%), from €59,035 to €35,656
- Taxes +€8,054
up €8,054, from €0 to €8,054
- Financial income +€1,438
up €1,438 (+583%), from €247 to €1,685
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 | €118,638 | €127,357 | +€8,719 | +7.3% |
| Fixed assets | 21/28 | €47,389 | €40,106 | -€7,283 | -15.4% |
| Tangible fixed assets | 22/27 | €47,389 | €40,106 | -€7,283 | -15.4% |
| Plant, machinery and equipment | 23 | €9,549 | €20,373 | +€10,824 | +113% |
| Furniture and vehicles | 24 | €37,840 | €19,734 | -€18,106 | -47.8% |
| Current assets | 29/58 | €71,249 | €87,251 | +€16,002 | +22.5% |
| Stocks and contracts in progress | 3 | €42,960 | €33,474 | -€9,487 | -22.1% |
| Stocks | 30/36 | €42,960 | €33,474 | -€9,487 | -22.1% |
| Amounts receivable within one year | 40/41 | €11,560 | €36,054 | +€24,494 | +212% |
| Trade receivables | 40 | €7,323 | €14,923 | +€7,600 | +104% |
| Other amounts receivable | 41 | €4,237 | €21,131 | +€16,894 | +399% |
| Cash at bank and in hand | 54/58 | €14,660 | €13,197 | -€1,462 | -10.0% |
| Deferred charges and accrued income | 490/1 | €2,069 | €4,526 | +€2,457 | +119% |
| Total equity and liabilities | 10/49 | €118,638 | €127,357 | +€8,719 | +7.3% |
| Equity | 10/15 | €49,454 | €85,109 | +€35,655 | +72.1% |
| Contributions | 10/11 | €15,426 | €15,426 | = | 0.0% |
| Reserves | 13 | €38,890 | €69,683 | +€30,793 | +79.2% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €38,890 | €69,683 | +€30,793 | +79.2% |
| Profit (loss) carried forward | 14 | -€4,862 | €0 | +€4,862 | |
| Amounts payable | 17/49 | €69,184 | €42,248 | -€26,936 | -38.9% |
| Amounts payable after more than one year | 17 | €15,499 | €1,199 | -€14,300 | -92.3% |
| Financial debts | 170/4 | €15,499 | €1,199 | -€14,300 | -92.3% |
| Amounts payable within one year | 42/48 | €52,443 | €41,049 | -€11,394 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €14,142 | €14,300 | +€158 | +1.1% |
| Trade debts | 44 | €12,092 | €8,918 | -€3,175 | -26.3% |
| Suppliers | 440/4 | €12,092 | €8,918 | -€3,175 | -26.3% |
| Taxes, remuneration and social security | 45 | €10,310 | €11,114 | +€804 | +7.8% |
| Taxes | 450/3 | €1,746 | €8,863 | +€7,117 | +408% |
| Remuneration and social security | 454/9 | €8,564 | €2,251 | -€6,313 | -73.7% |
| Other amounts payable | 47/48 | €15,899 | €6,717 | -€9,182 | -57.8% |
| Accrued charges and deferred income | 492/3 | €1,241 | €0 | -€1,241 | -100% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €59,035 | €35,656 | -€23,378 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,873 | €23,315 | +€441 | +1.9% |
| Other operating charges | 640/8 | €1,911 | €1,838 | -€73 | -3.8% |
| Gross operating margin | 9900 | €79,756 | €105,899 | +€26,143 | +32.8% |
| Operating profit (loss) | 9901 | -€4,064 | €45,090 | +€49,153 | |
| Financial income | 75/76B | €247 | €1,685 | +€1,438 | +583% |
| Recurring financial income | 75 | €247 | €1,685 | +€1,438 | +583% |
| Financial charges | 65/66B | €598 | €1,400 | +€802 | +134% |
| Recurring financial charges | 65 | €598 | €1,400 | +€802 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€4,414 | €45,375 | +€49,789 | |
| Income taxes | 67/77 | €0 | €8,054 | +€8,054 | |
| Profit (loss) for the period | 9904 | -€4,414 | €37,321 | +€41,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,414 | €37,321 | +€41,735 |
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.