KARAMAN: 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.
KARAMAN
Largest movements
- Receivables after one year +€32,000
new in 2025: €32,000
- Stocks and contracts -€6,395
down €6,395 (-77.9%), from €8,204 to €1,810
- Receivables within one year -€4,153
down €4,153 (-97.0%), from €4,283 to €130
of which Other amounts receivable: -€2,811
- Tangible fixed assets -€1,900
down €1,900 (-23.5%), from €8,090 to €6,190
of which Leasing and similar rights: -€3,346
- Cash -€1,096
down €1,096 (-7.3%), from €14,935 to €13,839
mainly Receivables after one year (-€32,000) and Trade debts (-€7,293)
- Reserves +€20,851
new in 2025: €20,851
- Tax, wage and social debts +€7,324
up €7,324 (+193%), from €3,800 to €11,124
of which Taxes: +€9,124
- Trade debts -€7,293
down €7,293 (-67.3%), from €10,828 to €3,536
- Current portion of long-term debt -€1,834
down €1,834 (-60.5%), from €3,034 to €1,199
- Accrued charges and deferred income -€922
no longer reported in 2025 (was €922)
- Other operating charges -€2,171
down €2,171 (-64.9%), from €3,348 to €1,176
- Financial charges -€2,108
down €2,108 (-85.3%), from €2,472 to €363
- Gross operating margin +€1,685
up €1,685 (+5.0%), from €33,887 to €35,572
- Taxes +€764
up €764 (+8.3%), from €9,251 to €10,015
- Financial income +€389
up €389 (+62.1%), from €626 to €1,015
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 | €35,511 | €53,968 | +€18,457 | +52.0% |
| Fixed assets | 21/28 | €8,090 | €6,190 | -€1,900 | -23.5% |
| Tangible fixed assets | 22/27 | €8,090 | €6,190 | -€1,900 | -23.5% |
| Plant, machinery and equipment | 23 | €1,672 | €3,118 | +€1,446 | +86.5% |
| Leasing and similar rights | 25 | €6,418 | €3,072 | -€3,346 | -52.1% |
| Current assets | 29/58 | €27,422 | €47,778 | +€20,356 | +74.2% |
| Amounts receivable after more than one year | 29 | - | €32,000 | +€32,000 | |
| Other amounts receivable | 291 | - | €32,000 | +€32,000 | |
| Stocks and contracts in progress | 3 | €8,204 | €1,810 | -€6,395 | -77.9% |
| Stocks | 30/36 | €8,204 | €1,810 | -€6,395 | -77.9% |
| Amounts receivable within one year | 40/41 | €4,283 | €130 | -€4,153 | -97.0% |
| Trade receivables | 40 | €1,471 | €130 | -€1,342 | -91.2% |
| Other amounts receivable | 41 | €2,811 | - | -€2,811 | |
| Cash at bank and in hand | 54/58 | €14,935 | €13,839 | -€1,096 | -7.3% |
| Total equity and liabilities | 10/49 | €35,511 | €53,968 | +€18,457 | +52.0% |
| Equity | 10/15 | €14,673 | €35,525 | +€20,851 | +142% |
| Reserves | 13 | - | €20,851 | +€20,851 | |
| Distributable reserves | 133 | - | €20,851 | +€20,851 | |
| Profit (loss) carried forward | 14 | €14,673 | €14,673 | = | 0.0% |
| Amounts payable | 17/49 | €20,838 | €18,443 | -€2,395 | -11.5% |
| Amounts payable after more than one year | 17 | €2,254 | €2,254 | = | 0.0% |
| Financial debts | 170/4 | €2,254 | €2,254 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,662 | €16,189 | -€1,473 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €3,034 | €1,199 | -€1,834 | -60.5% |
| Trade debts | 44 | €10,828 | €3,536 | -€7,293 | -67.3% |
| Suppliers | 440/4 | €10,828 | €3,536 | -€7,293 | -67.3% |
| Taxes, remuneration and social security | 45 | €3,800 | €11,124 | +€7,324 | +193% |
| Taxes | 450/3 | €2,000 | €11,124 | +€9,124 | +456% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | - | €330 | +€330 | |
| Accrued charges and deferred income | 492/3 | €922 | - | -€922 | |
| Remuneration, social security and pensions | 62 | - | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,663 | €3,848 | +€185 | +5.0% |
| Other operating charges | 640/8 | €3,348 | €1,176 | -€2,171 | -64.9% |
| Gross operating margin | 9900 | €33,887 | €35,572 | +€1,685 | +5.0% |
| Operating profit (loss) | 9901 | €26,876 | €30,214 | +€3,338 | +12.4% |
| Financial income | 75/76B | €626 | €1,015 | +€389 | +62.1% |
| Recurring financial income | 75 | €626 | €1,015 | +€389 | +62.1% |
| Financial charges | 65/66B | €2,472 | €363 | -€2,108 | -85.3% |
| Recurring financial charges | 65 | €2,472 | €363 | -€2,108 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €25,031 | €30,866 | +€5,836 | +23.3% |
| Income taxes | 67/77 | €9,251 | €10,015 | +€764 | +8.3% |
| Profit (loss) for the period | 9904 | €15,780 | €20,851 | +€5,071 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,780 | €20,851 | +€5,071 | +32.1% |
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.