KARAYEM: what changed
Two fiscal 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.
KARAYEM
Largest movements
- Tangible fixed assets -€794
down €794 (-21.4%), from €3,707 to €2,913
- Cash -€428
down €428 (-6.2%), from €6,943 to €6,515
mainly Net result for the year (-€20,253) and Tax, wage and social debts (-€7,364)
- Other debts +€25,308
up €25,308 (+226.0%), from €11,200 to €36,508
- Profit (loss) carried forward -€20,253
down €20,253 (-36.8%), from -€55,003 to -€75,256
- Tax, wage and social debts -€7,364
down €7,364 (-20.5%), from €35,926 to €28,562
of which Remuneration and social security: -€6,295
- Trade debts +€1,087
up €1,087 (+8.3%), from €13,026 to €14,113
- Staff costs +€16,207
up €16,207 (+35.1%), from €46,128 to €62,335
- Gross operating margin +€15,917
up €15,917 (+58.4%), from €27,256 to €43,173
- Depreciation +€530
up €530 (+200.0%), from €265 to €794
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 | €10,649 | €9,427 | -€1,222 | -11.5% |
| Fixed assets | 21/28 | €3,707 | €2,913 | -€794 | -21.4% |
| Tangible fixed assets | 22/27 | €3,707 | €2,913 | -€794 | -21.4% |
| Other tangible fixed assets | 26 | €3,707 | €2,913 | -€794 | -21.4% |
| Current assets | 29/58 | €6,943 | €6,515 | -€428 | -6.2% |
| Cash at bank and in hand | 54/58 | €6,943 | €6,515 | -€428 | -6.2% |
| Total equity and liabilities | 10/49 | €10,649 | €9,427 | -€1,222 | -11.5% |
| Equity | 10/15 | -€49,503 | -€69,756 | -€20,253 | -40.9% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,003 | -€75,256 | -€20,253 | -36.8% |
| Amounts payable | 17/49 | €60,152 | €79,183 | +€19,031 | +31.6% |
| Amounts payable within one year | 42/48 | €60,152 | €79,183 | +€19,031 | +31.6% |
| Trade debts | 44 | €13,026 | €14,113 | +€1,087 | +8.3% |
| Suppliers | 440/4 | €13,026 | €14,113 | +€1,087 | +8.3% |
| Taxes, remuneration and social security | 45 | €35,926 | €28,562 | -€7,364 | -20.5% |
| Taxes | 450/3 | €14,915 | €13,845 | -€1,070 | -7.2% |
| Remuneration and social security | 454/9 | €21,011 | €14,716 | -€6,295 | -30.0% |
| Other amounts payable | 47/48 | €11,200 | €36,508 | +€25,308 | +226.0% |
| Remuneration, social security and pensions | 62 | €46,128 | €62,335 | +€16,207 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €794 | +€530 | +200.0% |
| Other operating charges | 640/8 | €250 | €250 | = | 0.0% |
| Gross operating margin | 9900 | €27,256 | €43,173 | +€15,917 | +58.4% |
| Operating profit (loss) | 9901 | -€19,387 | -€20,207 | -€819 | -4.2% |
| Financial charges | 65/66B | €45 | €46 | +€2 | +4.0% |
| Recurring financial charges | 65 | €45 | €46 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,432 | -€20,253 | -€821 | -4.2% |
| Profit (loss) for the period | 9904 | -€19,432 | -€20,253 | -€821 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,432 | -€20,253 | -€821 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.