KAREMBERG: 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.
KAREMBERG
Largest movements
- Stocks and contracts -€85,495
down €85,495 (-6.5%), from €1.3m to €1.2m
- Profit (loss) carried forward -€129,382
down €129,382, from €127,875 to -€1,507
- Provisions +€51,625
new in 2025: €51,625
- Write-downs +€85,495
new in 2025: €85,495
- Provisions +€51,625
new in 2025: €51,625
- Other operating charges -€44,915
down €44,915 (-97.6%), from €46,029 to €1,114
- Financial income +€9,148
new in 2025: €9,148
of which Financial income: +€9,148
- Gross operating margin -€2,624
down €2,624, from €1,050 to -€1,573
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 | €1,672,423 | €1,587,030 | -€85,392 | -5.1% |
| Current assets | 29/58 | €1,672,423 | €1,587,030 | -€85,392 | -5.1% |
| Stocks and contracts in progress | 3 | €1,307,377 | €1,221,882 | -€85,495 | -6.5% |
| Stocks | 30/36 | €1,307,377 | €1,221,882 | -€85,495 | -6.5% |
| Amounts receivable within one year | 40/41 | €364,786 | €364,786 | = | 0.0% |
| Other amounts receivable | 41 | €364,786 | €364,786 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €260 | €362 | +€103 | +39.5% |
| Total equity and liabilities | 10/49 | €1,672,423 | €1,587,030 | -€85,392 | -5.1% |
| Equity | 10/15 | €155,375 | €23,493 | -€131,882 | -84.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | - | -€25,000 | |
| Issued capital | 100 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €2,500 | - | -€2,500 | |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Legal reserve | 130 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €127,875 | -€1,507 | -€129,382 | |
| Provisions and deferred taxes | 16 | - | €51,625 | +€51,625 | |
| Provisions for liabilities and charges | 160/5 | - | €51,625 | +€51,625 | |
| Taxes | 161 | - | €51,625 | +€51,625 | |
| Amounts payable | 17/49 | €1,517,047 | €1,511,912 | -€5,136 | -0.3% |
| Amounts payable after more than one year | 17 | €821,538 | €821,538 | = | 0.0% |
| Financial debts | 170/4 | €821,538 | €821,538 | = | 0.0% |
| Amounts payable within one year | 42/48 | €678,278 | €673,142 | -€5,136 | -0.8% |
| Other amounts payable | 47/48 | €678,278 | €673,142 | -€5,136 | -0.8% |
| Accrued charges and deferred income | 492/3 | €17,232 | €17,232 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,573 | +€1,573 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €85,495 | +€85,495 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €51,625 | +€51,625 | |
| Other operating charges | 640/8 | €46,029 | €1,114 | -€44,915 | -97.6% |
| Gross operating margin | 9900 | €1,050 | -€1,573 | -€2,624 | |
| Operating profit (loss) | 9901 | -€44,979 | -€139,807 | -€94,828 | -210.8% |
| Financial income | 75/76B | - | €9,148 | +€9,148 | |
| Recurring financial income | 75 | - | €9,148 | +€9,148 | |
| Non-recurring financial income | 76B | - | €9,148 | +€9,148 | |
| Financial charges | 65/66B | €1,133 | €1,223 | +€90 | +8.0% |
| Recurring financial charges | 65 | €1,133 | €1,223 | +€90 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,111 | -€131,882 | -€85,771 | -186.0% |
| Profit (loss) for the period | 9904 | -€46,111 | -€131,882 | -€85,771 | -186.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,111 | -€131,882 | -€85,771 | -186.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.