KARMAT FR 2001: 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.
KARMAT FR 2001
Largest movements
- Cash -€47,775
down €47,775 (-94.6%), from €50,519 to €2,743
mainly Investment in fixed assets (net) (-€43,451) and Net result for the year (-€23,247)
- Tangible fixed assets +€17,379
up €17,379 (+3.9%), from €449,706 to €467,086
of which Plant, machinery and equipment: +€10,801
- Profit (loss) carried forward -€16,247
down €16,247, from €552 to -€15,695
- Tax, wage and social debts -€10,696
down €10,696 (-95.1%), from €11,243 to €547
- Debts after one year -€8,158
down €8,158 (-2.5%), from €326,543 to €318,385
of which Financial debts: -€8,158
- Reserves -€7,000
down €7,000 (-88.6%), from €7,900 to €900
- Trade debts +€6,325
up €6,325 (+151%), from €4,179 to €10,505
- Other operating charges -€31,255
down €31,255 (-73.6%), from €42,442 to €11,187
- Gross operating margin -€7,791
down €7,791 (-20.1%), from €38,804 to €31,014
- Financial charges +€2,982
up €2,982 (+21.7%), from €13,743 to €16,726
- Depreciation +€1,027
up €1,027 (+4.1%), from €25,044 to €26,071
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 | €502,459 | €472,022 | -€30,436 | -6.1% |
| Fixed assets | 21/28 | €449,706 | €467,086 | +€17,379 | +3.9% |
| Tangible fixed assets | 22/27 | €449,706 | €467,086 | +€17,379 | +3.9% |
| Land and buildings | 22 | €413,592 | €423,446 | +€9,853 | +2.4% |
| Plant, machinery and equipment | 23 | €30,596 | €41,397 | +€10,801 | +35.3% |
| Furniture and vehicles | 24 | €5,518 | €2,243 | -€3,275 | -59.3% |
| Current assets | 29/58 | €52,752 | €4,937 | -€47,816 | -90.6% |
| Cash at bank and in hand | 54/58 | €50,519 | €2,743 | -€47,775 | -94.6% |
| Deferred charges and accrued income | 490/1 | €2,234 | €2,193 | -€40 | -1.8% |
| Total equity and liabilities | 10/49 | €502,459 | €472,022 | -€30,436 | -6.1% |
| Equity | 10/15 | €27,052 | €3,805 | -€23,247 | -85.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,900 | €900 | -€7,000 | -88.6% |
| Distributable reserves | 133 | €7,900 | €900 | -€7,000 | -88.6% |
| Profit (loss) carried forward | 14 | €552 | -€15,695 | -€16,247 | |
| Amounts payable | 17/49 | €475,407 | €468,217 | -€7,189 | -1.5% |
| Amounts payable after more than one year | 17 | €326,543 | €318,385 | -€8,158 | -2.5% |
| Financial debts | 170/4 | €325,183 | €317,025 | -€8,158 | -2.5% |
| Other amounts payable | 178/9 | €1,360 | €1,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148,222 | €149,190 | +€969 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €25,688 | €26,483 | +€796 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,179 | €10,505 | +€6,325 | +151% |
| Suppliers | 440/4 | €4,179 | €10,505 | +€6,325 | +151% |
| Taxes, remuneration and social security | 45 | €11,243 | €547 | -€10,696 | -95.1% |
| Taxes | 450/3 | €11,243 | €547 | -€10,696 | -95.1% |
| Other amounts payable | 47/48 | €107,112 | €111,655 | +€4,544 | +4.2% |
| Accrued charges and deferred income | 492/3 | €642 | €642 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,044 | €26,071 | +€1,027 | +4.1% |
| Other operating charges | 640/8 | €42,442 | €11,187 | -€31,255 | -73.6% |
| Gross operating margin | 9900 | €38,804 | €31,014 | -€7,791 | -20.1% |
| Operating profit (loss) | 9901 | -€28,682 | -€6,245 | +€22,437 | +78.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €13,743 | €16,726 | +€2,982 | +21.7% |
| Recurring financial charges | 65 | €13,743 | €16,726 | +€2,982 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€42,424 | -€22,970 | +€19,454 | +45.9% |
| Income taxes | 67/77 | €270 | €277 | +€6 | +2.4% |
| Profit (loss) for the period | 9904 | -€42,694 | -€23,247 | +€19,447 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,694 | -€23,247 | +€19,447 | +45.6% |
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 25 October 2026 via checked.be.