Hayat KARIM: what changed
Hayat KARIM
Largest movements
- Current investments -€58,064
no longer reported in 2025 (was €58,064)
- Receivables within one year -€34,033
down €34,033 (-82.7%), from €41,155 to €7,122
of which Trade receivables: -€34,416
- Cash +€33,948
up €33,948 (+36.4%), from €93,177 to €127,126
mainly Current investments (+€58,064) and Receivables within one year (+€34,033)
- Tangible fixed assets -€5,426
down €5,426 (-36.0%), from €15,069 to €9,642
of which Furniture and vehicles: -€5,060
- Other debts -€65,263
down €65,263 (-46.1%), from €141,707 to €76,444
- Trade debts -€30,073
down €30,073 (-36.3%), from €82,879 to €52,805
- Profit (loss) carried forward +€25,450
up €25,450 (+70.0%), from -€36,335 to -€10,885
- Tax, wage and social debts +€9,789
up €9,789 (+1,506%), from €650 to €10,439
of which Taxes: +€8,775
- Current portion of long-term debt -€3,329
down €3,329 (-25.0%), from €13,329 to €10,000
- Gross operating margin +€8,891
up €8,891 (+62.3%), from €14,278 to €23,169
- Financial charges -€8,188
down €8,188 (-60.9%), from €13,452 to €5,264
- Financial income -€3,807
down €3,807 (-96.8%), from €3,931 to €124
- Taxes +€3,162
up €3,162 (+495%), from €638 to €3,800
- Depreciation -€1,921
down €1,921 (-20.6%), from €9,314 to €7,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,777 | €144,352 | -€63,426 | -30.5% |
| Fixed assets | 21/28 | €15,069 | €9,642 | -€5,426 | -36.0% |
| Tangible fixed assets | 22/27 | €15,069 | €9,642 | -€5,426 | -36.0% |
| Furniture and vehicles | 24 | €14,336 | €9,276 | -€5,060 | -35.3% |
| Other tangible fixed assets | 26 | €733 | €366 | -€367 | -50.0% |
| Current assets | 29/58 | €192,709 | €134,709 | -€57,999 | -30.1% |
| Amounts receivable within one year | 40/41 | €41,155 | €7,122 | -€34,033 | -82.7% |
| Trade receivables | 40 | €36,434 | €2,018 | -€34,416 | -94.5% |
| Other amounts receivable | 41 | €4,722 | €5,104 | +€383 | +8.1% |
| Current investments | 50/53 | €58,064 | - | -€58,064 | |
| Cash at bank and in hand | 54/58 | €93,177 | €127,126 | +€33,948 | +36.4% |
| Deferred charges and accrued income | 490/1 | €312 | €462 | +€149 | +47.8% |
| Total equity and liabilities | 10/49 | €207,777 | €144,352 | -€63,426 | -30.5% |
| Equity | 10/15 | -€34,335 | -€8,885 | +€25,450 | +74.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,335 | -€10,885 | +€25,450 | +70.0% |
| Amounts payable | 17/49 | €242,113 | €153,237 | -€88,876 | -36.7% |
| Amounts payable after more than one year | 17 | €3,548 | €3,548 | = | 0.0% |
| Financial debts | 170/4 | €3,548 | €3,548 | = | 0.0% |
| Amounts payable within one year | 42/48 | €238,564 | €149,688 | -€88,876 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €13,329 | €10,000 | -€3,329 | -25.0% |
| Trade debts | 44 | €82,879 | €52,805 | -€30,073 | -36.3% |
| Suppliers | 440/4 | €82,879 | €52,805 | -€30,073 | -36.3% |
| Taxes, remuneration and social security | 45 | €650 | €10,439 | +€9,789 | +1,506% |
| Taxes | 450/3 | €650 | €9,425 | +€8,775 | +1,350% |
| Remuneration and social security | 454/9 | - | €1,014 | +€1,014 | |
| Other amounts payable | 47/48 | €141,707 | €76,444 | -€65,263 | -46.1% |
| Remuneration, social security and pensions | 62 | €47 | €186 | +€139 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,314 | €7,392 | -€1,921 | -20.6% |
| Other operating charges | 640/8 | €6,070 | €7,694 | +€1,625 | +26.8% |
| Gross operating margin | 9900 | €14,278 | €23,169 | +€8,891 | +62.3% |
| Operating profit (loss) | 9901 | -€1,153 | €7,896 | +€9,049 | |
| Financial income | 75/76B | €3,931 | €124 | -€3,807 | -96.8% |
| Recurring financial income | 75 | €3,931 | €124 | -€3,807 | -96.8% |
| Financial charges | 65/66B | €13,452 | €5,264 | -€8,188 | -60.9% |
| Recurring financial charges | 65 | €13,452 | €5,264 | -€8,188 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,674 | €2,757 | +€13,431 | |
| Income taxes | 67/77 | €638 | €3,800 | +€3,162 | +495% |
| Profit (loss) for the period | 9904 | -€11,312 | -€1,043 | +€10,269 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,312 | -€1,043 | +€10,269 | +90.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.