KAHRIMAN: 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.
KAHRIMAN
Largest movements
- Stocks and contracts +€62,850
up €62,850 (+115%), from €54,753 to €117,603
- Tangible fixed assets -€39,551
down €39,551 (-85.6%), from €46,200 to €6,649
of which Furniture and vehicles: -€46,200
- Receivables within one year -€5,574
down €5,574 (-80.8%), from €6,895 to €1,321
of which Trade receivables: -€5,082
- Cash +€4,213
up €4,213 (+34.3%), from €12,289 to €16,503
mainly Trade debts (+€54,818) and Investment in fixed assets (net) (+€36,336)
- Financial fixed assets +€2,850
up €2,850 (+317%), from €900 to €3,750
- Trade debts +€54,818
up €54,818 (+446%), from €12,297 to €67,115
- Other debts -€30,954
down €30,954 (-64.8%), from €47,740 to €16,786
- Debts after one year -€9,999
down €9,999 (-34.8%), from €28,742 to €18,743
- Tax, wage and social debts +€7,445
up €7,445 (+271%), from €2,745 to €10,190
of which Taxes: +€5,395
- Accrued charges and deferred income -€4,426
no longer reported in 2025 (was €4,426)
- Gross operating margin +€11,356
up €11,356 (+79.8%), from €14,225 to €25,581
- Other operating charges +€4,724
up €4,724 (+115%), from €4,113 to €8,836
- Financial charges -€547
down €547 (-23.0%), from €2,384 to €1,836
- Taxes +€318
up €318 (+15.6%), from €2,038 to €2,357
- Depreciation +€293
up €293 (+408%), from €72 to €365
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 | €121,037 | €145,825 | +€24,789 | +20.5% |
| Fixed assets | 21/28 | €47,100 | €10,399 | -€36,701 | -77.9% |
| Tangible fixed assets | 22/27 | €46,200 | €6,649 | -€39,551 | -85.6% |
| Furniture and vehicles | 24 | €46,200 | - | -€46,200 | |
| Other tangible fixed assets | 26 | - | €6,649 | +€6,649 | |
| Financial fixed assets | 28 | €900 | €3,750 | +€2,850 | +317% |
| Current assets | 29/58 | €73,937 | €135,426 | +€61,490 | +83.2% |
| Stocks and contracts in progress | 3 | €54,753 | €117,603 | +€62,850 | +115% |
| Stocks | 30/36 | €54,753 | €117,603 | +€62,850 | +115% |
| Amounts receivable within one year | 40/41 | €6,895 | €1,321 | -€5,574 | -80.8% |
| Trade receivables | 40 | €5,082 | - | -€5,082 | |
| Other amounts receivable | 41 | €1,813 | €1,321 | -€492 | -27.1% |
| Cash at bank and in hand | 54/58 | €12,289 | €16,503 | +€4,213 | +34.3% |
| Total equity and liabilities | 10/49 | €121,037 | €145,825 | +€24,789 | +20.5% |
| Equity | 10/15 | €15,573 | €22,292 | +€6,719 | +43.1% |
| Contributions | 10/11 | - | €4,000 | +€4,000 | |
| Reserves | 13 | €9,954 | €10,354 | +€400 | +4.0% |
| Non-distributable reserves | 130/1 | - | €400 | +€400 | |
| Reserves not available under the articles | 1311 | - | €400 | +€400 | |
| Distributable reserves | 133 | €9,954 | €9,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,619 | €7,938 | +€2,319 | +41.3% |
| Amounts payable | 17/49 | €105,464 | €123,533 | +€18,069 | +17.1% |
| Amounts payable after more than one year | 17 | €28,742 | €18,743 | -€9,999 | -34.8% |
| Financial debts | 170/4 | €28,742 | €18,743 | -€9,999 | -34.8% |
| Amounts payable within one year | 42/48 | €72,296 | €104,790 | +€32,494 | +44.9% |
| Financial debts | 43 | €9,514 | €9,999 | +€486 | +5.1% |
| Credit institutions | 430/8 | €9,514 | €9,999 | +€486 | +5.1% |
| Trade debts | 44 | €12,297 | €67,115 | +€54,818 | +446% |
| Suppliers | 440/4 | €12,297 | €67,115 | +€54,818 | +446% |
| Advances received on contracts in progress | 46 | - | €700 | +€700 | |
| Taxes, remuneration and social security | 45 | €2,745 | €10,190 | +€7,445 | +271% |
| Taxes | 450/3 | €2,045 | €7,440 | +€5,395 | +264% |
| Remuneration and social security | 454/9 | €700 | €2,750 | +€2,050 | +293% |
| Other amounts payable | 47/48 | €47,740 | €16,786 | -€30,954 | -64.8% |
| Accrued charges and deferred income | 492/3 | €4,426 | - | -€4,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €365 | +€293 | +408% |
| Other operating charges | 640/8 | €4,113 | €8,836 | +€4,724 | +115% |
| Non-recurring operating charges | 66A | - | €9,900 | +€9,900 | |
| Gross operating margin | 9900 | €14,225 | €25,581 | +€11,356 | +79.8% |
| Operating profit (loss) | 9901 | €10,041 | €6,479 | -€3,561 | -35.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,384 | €1,836 | -€547 | -23.0% |
| Recurring financial charges | 65 | €2,384 | €1,836 | -€547 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €7,657 | €4,643 | -€3,014 | -39.4% |
| Income taxes | 67/77 | €2,038 | €2,357 | +€318 | +15.6% |
| Profit (loss) for the period | 9904 | €5,619 | €2,286 | -€3,332 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,619 | €2,286 | -€3,332 | -59.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.