KARAM IMMO: 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.
KARAM IMMO
Largest movements
- Stocks and contracts -€267,457
down €267,457 (-100.0%), from €267,457 to €0
- Current investments +€100,000
new in 2025: €100,000
- Cash +€28,577
up €28,577 (+5793.0%), from €493 to €29,070
mainly Stocks and contracts (+€267,457) and Other debts (+€4,153)
- Debts after one year -€77,000
down €77,000 (-31.6%), from €243,731 to €166,731
of which Other amounts payable: -€77,000
- Profit (loss) carried forward -€69,954
down €69,954 (-42.8%), from -€163,599 to -€233,553
- Other debts +€4,153
up €4,153 (+3.6%), from €116,394 to €120,547
- Gross operating margin -€49,232
down €49,232 (-385.3%), from -€12,779 to -€62,011
- Financial charges -€15,220
down €15,220 (-89.2%), from €17,070 to €1,849
- Other operating charges +€4,864
up €4,864 (+1484.8%), from €328 to €5,192
- Depreciation -€1,529
down €1,529 (-61.9%), from €2,472 to €942
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 | €271,831 | €131,279 | -€140,552 | -51.7% |
| Fixed assets | 21/28 | €2,382 | €1,440 | -€942 | -39.6% |
| Tangible fixed assets | 22/27 | €2,382 | €1,440 | -€942 | -39.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,382 | €1,440 | -€942 | -39.6% |
| Current assets | 29/58 | €269,449 | €129,839 | -€139,610 | -51.8% |
| Stocks and contracts in progress | 3 | €267,457 | €0 | -€267,457 | -100.0% |
| Stocks | 30/36 | €267,457 | €0 | -€267,457 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,199 | €449 | -€750 | -62.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,199 | €449 | -€750 | -62.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €493 | €29,070 | +€28,577 | +5793.0% |
| Deferred charges and accrued income | 490/1 | €299 | €320 | +€21 | +6.9% |
| Total equity and liabilities | 10/49 | €271,831 | €131,279 | -€140,552 | -51.7% |
| Equity | 10/15 | -€88,599 | -€158,553 | -€69,954 | -79.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,599 | -€233,553 | -€69,954 | -42.8% |
| Amounts payable | 17/49 | €360,430 | €289,831 | -€70,598 | -19.6% |
| Amounts payable after more than one year | 17 | €243,731 | €166,731 | -€77,000 | -31.6% |
| Financial debts | 170/4 | €166,731 | €166,731 | = | 0.0% |
| Other amounts payable | 178/9 | €77,000 | €0 | -€77,000 | -100.0% |
| Amounts payable within one year | 42/48 | €116,698 | €123,100 | +€6,402 | +5.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €104 | €2,553 | +€2,449 | +2350.0% |
| Suppliers | 440/4 | €104 | €2,553 | +€2,449 | +2350.0% |
| Taxes, remuneration and social security | 45 | €200 | €0 | -€200 | -99.9% |
| Taxes | 450/3 | €200 | €0 | -€200 | -99.9% |
| Other amounts payable | 47/48 | €116,394 | €120,547 | +€4,153 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €942 | -€1,529 | -61.9% |
| Other operating charges | 640/8 | €328 | €5,192 | +€4,864 | +1484.8% |
| Gross operating margin | 9900 | -€12,779 | -€62,011 | -€49,232 | -385.3% |
| Operating profit (loss) | 9901 | -€15,578 | -€68,145 | -€52,567 | -337.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,070 | €1,849 | -€15,220 | -89.2% |
| Recurring financial charges | 65 | €17,070 | €1,849 | -€15,220 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,648 | -€69,994 | -€37,346 | -114.4% |
| Income taxes | 67/77 | €148 | -€40 | -€188 | |
| Profit (loss) for the period | 9904 | -€32,795 | -€69,954 | -€37,159 | -113.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,795 | -€69,954 | -€37,159 | -113.3% |
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 11 October 2026 via checked.be.