KARIMAT: 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.
KARIMAT
Largest movements
- Receivables within one year +€451
up €451 (+316.7%), from €142 to €594
of which Trade receivables: +€522
- Cash -€186
down €186 (-98.2%), from €189 to €3
mainly Net result for the year (-€2,318) and Receivables within one year (-€451)
- Profit (loss) carried forward -€2,318
down €2,318 (-22.3%), from -€10,387 to -€12,705
- Other debts +€1,907
up €1,907 (+20.7%), from €9,212 to €11,118
- Trade debts +€677
up €677 (+412.7%), from €164 to €841
- Purchases and services -€1,552
down €1,552 (-40.7%), from €3,809 to €2,257
- Gross operating margin +€809
up €809 (+31.7%), from -€2,554 to -€1,745
- Turnover -€743
down €743 (-59.2%), from €1,255 to €512
- Other operating charges +€391
up €391 (+215.2%), from €182 to €573
- Depreciation -€220
no longer reported in 2025 (was €220)
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 | €489 | €754 | +€265 | +54.2% |
| Formation expenses | 20 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €332 | €597 | +€265 | +79.9% |
| Amounts receivable within one year | 40/41 | €142 | €594 | +€451 | +316.7% |
| Trade receivables | 40 | €35 | €557 | +€522 | +1486.8% |
| Other amounts receivable | 41 | €107 | €37 | -€71 | -65.7% |
| Cash at bank and in hand | 54/58 | €189 | €3 | -€186 | -98.2% |
| Total equity and liabilities | 10/49 | €489 | €754 | +€265 | +54.2% |
| Equity | 10/15 | -€8,887 | -€11,205 | -€2,318 | -26.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,387 | -€12,705 | -€2,318 | -22.3% |
| Amounts payable | 17/49 | €9,376 | €11,959 | +€2,583 | +27.6% |
| Amounts payable within one year | 42/48 | €9,376 | €11,959 | +€2,583 | +27.6% |
| Trade debts | 44 | €164 | €841 | +€677 | +412.7% |
| Suppliers | 440/4 | €164 | €841 | +€677 | +412.7% |
| Other amounts payable | 47/48 | €9,212 | €11,118 | +€1,907 | +20.7% |
| Turnover | 70 | €1,255 | €512 | -€743 | -59.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,809 | €2,257 | -€1,552 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | - | -€220 | |
| Other operating charges | 640/8 | €182 | €573 | +€391 | +215.2% |
| Gross operating margin | 9900 | -€2,554 | -€1,745 | +€809 | +31.7% |
| Operating profit (loss) | 9901 | -€2,956 | -€2,318 | +€638 | +21.6% |
| Financial charges | 65/66B | €107 | - | -€107 | |
| Recurring financial charges | 65 | €107 | - | -€107 | |
| Profit (loss) for the period before taxes | 9903 | -€3,063 | -€2,318 | +€745 | +24.3% |
| Profit (loss) for the period | 9904 | -€3,063 | -€2,318 | +€745 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,063 | -€2,318 | +€745 | +24.3% |
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.