KASART: 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.
KASART
Largest movements
- Receivables within one year +€9,121
up €9,121 (+163.6%), from €5,573 to €14,694
of which Trade receivables: +€14,502
- Cash +€8,071
up €8,071 (+26.7%), from €30,256 to €38,327
mainly Depreciation (+€10,010) and Trade debts (+€5,346)
- Tangible fixed assets -€5,146
down €5,146 (-21.5%), from €23,922 to €18,776
of which Furniture and vehicles: -€8,952
- Trade debts +€5,346
up €5,346 (+125.6%), from €4,257 to €9,602
- Tax, wage and social debts +€3,961
up €3,961 (+7287.4%), from €54 to €4,015
- Reserves +€1,883
up €1,883 (+3.3%), from €57,482 to €59,364
- Gross operating margin +€53,396
up €53,396, from -€40,129 to €13,267
- Depreciation +€570
up €570 (+6.0%), from €9,440 to €10,010
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 | €63,793 | €75,513 | +€11,721 | +18.4% |
| Fixed assets | 21/28 | €23,922 | €18,776 | -€5,146 | -21.5% |
| Tangible fixed assets | 22/27 | €23,922 | €18,776 | -€5,146 | -21.5% |
| Land and buildings | 22 | - | €4,549 | +€4,549 | |
| Plant, machinery and equipment | 23 | €2,643 | €1,901 | -€742 | -28.1% |
| Furniture and vehicles | 24 | €21,279 | €12,326 | -€8,952 | -42.1% |
| Current assets | 29/58 | €39,871 | €56,737 | +€16,867 | +42.3% |
| Amounts receivable within one year | 40/41 | €5,573 | €14,694 | +€9,121 | +163.6% |
| Trade receivables | 40 | - | €14,502 | +€14,502 | |
| Other amounts receivable | 41 | €5,573 | €192 | -€5,381 | -96.6% |
| Cash at bank and in hand | 54/58 | €30,256 | €38,327 | +€8,071 | +26.7% |
| Deferred charges and accrued income | 490/1 | €4,041 | €3,716 | -€325 | -8.0% |
| Total equity and liabilities | 10/49 | €63,793 | €75,513 | +€11,721 | +18.4% |
| Equity | 10/15 | €59,482 | €61,364 | +€1,883 | +3.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €57,482 | €59,364 | +€1,883 | +3.3% |
| Distributable reserves | 133 | €57,482 | €59,364 | +€1,883 | +3.3% |
| Amounts payable | 17/49 | €4,311 | €14,149 | +€9,838 | +228.2% |
| Amounts payable within one year | 42/48 | €4,311 | €14,149 | +€9,838 | +228.2% |
| Financial debts | 43 | - | €532 | +€532 | |
| Credit institutions | 430/8 | - | €532 | +€532 | |
| Trade debts | 44 | €4,257 | €9,602 | +€5,346 | +125.6% |
| Suppliers | 440/4 | €4,257 | €9,602 | +€5,346 | +125.6% |
| Taxes, remuneration and social security | 45 | €54 | €4,015 | +€3,961 | +7287.4% |
| Taxes | 450/3 | €54 | €4,015 | +€3,961 | +7287.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,440 | €10,010 | +€570 | +6.0% |
| Other operating charges | 640/8 | €1,017 | €646 | -€372 | -36.5% |
| Gross operating margin | 9900 | -€40,129 | €13,267 | +€53,396 | |
| Operating profit (loss) | 9901 | -€50,586 | €2,612 | +€53,198 | |
| Financial income | 75/76B | €140 | €5 | -€136 | -96.5% |
| Recurring financial income | 75 | €140 | €5 | -€136 | -96.5% |
| Financial charges | 65/66B | €590 | €513 | -€77 | -13.1% |
| Recurring financial charges | 65 | €590 | €513 | -€77 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,036 | €2,104 | +€53,140 | |
| Income taxes | 67/77 | €54 | €221 | +€167 | +306.7% |
| Profit (loss) for the period | 9904 | -€51,090 | €1,883 | +€52,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,090 | €1,883 | +€52,973 |
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 5 October 2026 via checked.be.