KITARTAS: 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.
KITARTAS
Largest movements
- Cash +€34,119
up €34,119 (+2,367%), from €1,441 to €35,560
mainly Other debts (+€169,655) and Net result for the year (+€43,676)
- Receivables within one year -€18,242
down €18,242 (-91.1%), from €20,029 to €1,787
of which Trade receivables: -€15,762
- Other debts +€169,655
up €169,655 (+18.3%), from €927,743 to €1.1m
- Current portion of long-term debt -€113,534
down €113,534 (-58.3%), from €194,628 to €81,095
- Debts after one year -€81,095
no longer reported in 2025 (was €81,095)
- Reserves +€43,676
up €43,676 (+28.0%), from €155,812 to €199,488
- Accrued charges and deferred income -€17,682
no longer reported in 2025 (was €17,682)
- Financial income -€103,398
down €103,398 (-99.8%), from €103,654 to €256
- Financial charges -€8,461
down €8,461 (-75.8%), from €11,155 to €2,694
- Depreciation -€7,233
down €7,233 (-79.8%), from €9,066 to €1,833
- Taxes +€1,065
up €1,065 (+7.0%), from €15,188 to €16,253
- Staff costs -€1,007
down €1,007 (-10.0%), from €10,041 to €9,034
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 | €1,407,373 | €1,408,582 | +€1,209 | +0.1% |
| Fixed assets | 21/28 | €1,383,808 | €1,370,691 | -€13,117 | -0.9% |
| Tangible fixed assets | 22/27 | €21,385 | €8,268 | -€13,117 | -61.3% |
| Furniture and vehicles | 24 | €14,062 | €2,052 | -€12,010 | -85.4% |
| Other tangible fixed assets | 26 | €7,323 | €6,216 | -€1,107 | -15.1% |
| Financial fixed assets | 28 | €1,362,423 | €1,362,423 | = | 0.0% |
| Current assets | 29/58 | €23,565 | €37,891 | +€14,326 | +60.8% |
| Amounts receivable within one year | 40/41 | €20,029 | €1,787 | -€18,242 | -91.1% |
| Trade receivables | 40 | €15,762 | - | -€15,762 | |
| Other amounts receivable | 41 | €4,266 | €1,787 | -€2,480 | -58.1% |
| Cash at bank and in hand | 54/58 | €1,441 | €35,560 | +€34,119 | +2,367% |
| Deferred charges and accrued income | 490/1 | €2,095 | €544 | -€1,551 | -74.0% |
| Total equity and liabilities | 10/49 | €1,407,373 | €1,408,582 | +€1,209 | +0.1% |
| Equity | 10/15 | €174,412 | €218,088 | +€43,676 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,812 | €199,488 | +€43,676 | +28.0% |
| Distributable reserves | 133 | €155,812 | €199,488 | +€43,676 | +28.0% |
| Amounts payable | 17/49 | €1,232,961 | €1,190,494 | -€42,467 | -3.4% |
| Amounts payable after more than one year | 17 | €81,095 | - | -€81,095 | |
| Financial debts | 170/4 | €81,095 | - | -€81,095 | |
| Amounts payable within one year | 42/48 | €1,134,184 | €1,190,494 | +€56,310 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €194,628 | €81,095 | -€113,534 | -58.3% |
| Financial debts | 43 | - | €34 | +€34 | |
| Credit institutions | 430/8 | - | €34 | +€34 | |
| Trade debts | 44 | €3,957 | €2,779 | -€1,179 | -29.8% |
| Suppliers | 440/4 | €3,957 | €2,779 | -€1,179 | -29.8% |
| Taxes, remuneration and social security | 45 | €7,855 | €9,188 | +€1,333 | +17.0% |
| Taxes | 450/3 | €7,855 | €9,188 | +€1,333 | +17.0% |
| Other amounts payable | 47/48 | €927,743 | €1,097,398 | +€169,655 | +18.3% |
| Accrued charges and deferred income | 492/3 | €17,682 | - | -€17,682 | |
| Remuneration, social security and pensions | 62 | €10,041 | €9,034 | -€1,007 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,066 | €1,833 | -€7,233 | -79.8% |
| Other operating charges | 640/8 | €2,130 | €1,504 | -€626 | -29.4% |
| Non-recurring operating charges | 66A | €1,465 | €476 | -€989 | -67.5% |
| Gross operating margin | 9900 | €74,597 | €75,214 | +€616 | +0.8% |
| Operating profit (loss) | 9901 | €51,895 | €62,367 | +€10,472 | +20.2% |
| Financial income | 75/76B | €103,654 | €256 | -€103,398 | -99.8% |
| Recurring financial income | 75 | €103,654 | €256 | -€103,398 | -99.8% |
| Financial charges | 65/66B | €11,155 | €2,694 | -€8,461 | -75.8% |
| Recurring financial charges | 65 | €11,155 | €2,694 | -€8,461 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €144,393 | €59,929 | -€84,465 | -58.5% |
| Income taxes | 67/77 | €15,188 | €16,253 | +€1,065 | +7.0% |
| Profit (loss) for the period | 9904 | €129,206 | €43,676 | -€85,530 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,206 | €43,676 | -€85,530 | -66.2% |
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 24 October 2026 via checked.be.