Karément: 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.
Karément
Largest movements
- Receivables within one year -€344,818
down €344,818 (-99.5%), from €346,522 to €1,704
of which Other amounts receivable: -€338,933
- Cash +€151,575
up €151,575 (+255%), from €59,552 to €211,127
mainly Receivables within one year (+€344,818) and Depreciation (+€49,623)
- Tangible fixed assets +€144,223
up €144,223 (+47.2%), from €305,636 to €449,859
of which Land and buildings: +€109,626
- Deferred charges and accrued income +€27,200
new in 2025: €27,200
- Stocks and contracts +€13,331
up €13,331 (+225%), from €5,916 to €19,247
- Reserves +€494,202
up €494,202 (+657%), from €75,185 to €569,387
of which Distributable reserves: +€494,202
- Profit (loss) carried forward -€487,659
no longer reported in 2025 (was €487,659)
- Short-term financial debts -€47,268
no longer reported in 2025 (was €47,268)
- Current portion of long-term debt +€20,719
new in 2025: €20,719
- Gross operating margin +€67,277
up €67,277 (+23.4%), from €286,919 to €354,196
- Staff costs +€41,178
up €41,178 (+21.7%), from €189,637 to €230,815
- Depreciation -€31,112
down €31,112 (-38.5%), from €80,735 to €49,623
- Financial income -€15,834
down €15,834 (-86.2%), from €18,366 to €2,532
- Taxes +€7,599
up €7,599 (+14.0%), from €54,112 to €61,711
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 | €722,296 | €713,807 | -€8,489 | -1.2% |
| Fixed assets | 21/28 | €310,306 | €454,529 | +€144,223 | +46.5% |
| Tangible fixed assets | 22/27 | €305,636 | €449,859 | +€144,223 | +47.2% |
| Land and buildings | 22 | €180,057 | €289,683 | +€109,626 | +60.9% |
| Plant, machinery and equipment | 23 | €118,921 | €156,713 | +€37,792 | +31.8% |
| Furniture and vehicles | 24 | €6,658 | €3,463 | -€3,195 | -48.0% |
| Financial fixed assets | 28 | €4,670 | €4,670 | = | 0.0% |
| Current assets | 29/58 | €411,990 | €259,278 | -€152,712 | -37.1% |
| Stocks and contracts in progress | 3 | €5,916 | €19,247 | +€13,331 | +225% |
| Stocks | 30/36 | €5,916 | €19,247 | +€13,331 | +225% |
| Amounts receivable within one year | 40/41 | €346,522 | €1,704 | -€344,818 | -99.5% |
| Trade receivables | 40 | €6,872 | €987 | -€5,885 | -85.6% |
| Other amounts receivable | 41 | €339,650 | €717 | -€338,933 | -99.8% |
| Cash at bank and in hand | 54/58 | €59,552 | €211,127 | +€151,575 | +255% |
| Deferred charges and accrued income | 490/1 | - | €27,200 | +€27,200 | |
| Total equity and liabilities | 10/49 | €722,296 | €713,807 | -€8,489 | -1.2% |
| Equity | 10/15 | €581,444 | €587,987 | +€6,543 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,185 | €569,387 | +€494,202 | +657% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,325 | €567,527 | +€494,202 | +674% |
| Profit (loss) carried forward | 14 | €487,659 | - | -€487,659 | |
| Amounts payable | 17/49 | €140,852 | €125,820 | -€15,032 | -10.7% |
| Amounts payable within one year | 42/48 | €140,852 | €125,820 | -€15,032 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | - | €20,719 | +€20,719 | |
| Financial debts | 43 | €47,268 | - | -€47,268 | |
| Credit institutions | 430/8 | €47,268 | - | -€47,268 | |
| Trade debts | 44 | €52,844 | €58,097 | +€5,253 | +9.9% |
| Suppliers | 440/4 | €52,844 | €58,097 | +€5,253 | +9.9% |
| Taxes, remuneration and social security | 45 | €40,740 | €47,004 | +€6,264 | +15.4% |
| Taxes | 450/3 | €35,935 | €34,925 | -€1,010 | -2.8% |
| Remuneration and social security | 454/9 | €4,805 | €12,079 | +€7,274 | +151% |
| Remuneration, social security and pensions | 62 | €189,637 | €230,815 | +€41,178 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,735 | €49,623 | -€31,112 | -38.5% |
| Other operating charges | 640/8 | €3,419 | €4,936 | +€1,517 | +44.4% |
| Gross operating margin | 9900 | €286,919 | €354,196 | +€67,277 | +23.4% |
| Operating profit (loss) | 9901 | €13,128 | €68,822 | +€55,694 | +424% |
| Financial income | 75/76B | €18,366 | €2,532 | -€15,834 | -86.2% |
| Recurring financial income | 75 | €18,366 | €2,532 | -€15,834 | -86.2% |
| Financial charges | 65/66B | €4,521 | €3,100 | -€1,421 | -31.4% |
| Recurring financial charges | 65 | €4,521 | €3,100 | -€1,421 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €26,973 | €68,254 | +€41,281 | +153% |
| Income taxes | 67/77 | €54,112 | €61,711 | +€7,599 | +14.0% |
| Profit (loss) for the period | 9904 | -€27,139 | €6,543 | +€33,682 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,139 | €6,543 | +€33,682 |
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 18 October 2026 via checked.be.