Karmelly: 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.
Karmelly
Largest movements
- Receivables after one year +€8,000
new in 2025: €8,000
- Cash -€3,317
down €3,317 (-11.9%), from €27,878 to €24,561
mainly Tax, wage and social debts (-€8,036) and Receivables after one year (-€8,000)
- Reserves +€25,970
up €25,970 (+260%), from €10,000 to €35,970
- Profit (loss) carried forward -€14,268
no longer reported in 2025 (was €14,268)
- Tax, wage and social debts -€8,036
no longer reported in 2025 (was €8,036)
- Other debts +€1,120
up €1,120 (+251%), from €445 to €1,565
- Gross operating margin -€16,842
down €16,842 (-51.3%), from €32,821 to €15,978
- Taxes -€4,273
down €4,273 (-53.2%), from €8,036 to €3,763
- Financial income +€446
up €446 (+2,974%), from €15 to €461
- Other operating charges +€372
up €372 (+71.3%), from €522 to €894
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 | €36,018 | €40,946 | +€4,928 | +13.7% |
| Current assets | 29/58 | €36,018 | €40,946 | +€4,928 | +13.7% |
| Amounts receivable after more than one year | 29 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 291 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €7,959 | €8,234 | +€275 | +3.5% |
| Trade receivables | 40 | €7,453 | €6,854 | -€599 | -8.0% |
| Other amounts receivable | 41 | €506 | €1,380 | +€874 | +173% |
| Cash at bank and in hand | 54/58 | €27,878 | €24,561 | -€3,317 | -11.9% |
| Deferred charges and accrued income | 490/1 | €181 | €151 | -€30 | -16.5% |
| Total equity and liabilities | 10/49 | €36,018 | €40,946 | +€4,928 | +13.7% |
| Equity | 10/15 | €26,768 | €38,470 | +€11,702 | +43.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €35,970 | +€25,970 | +260% |
| Distributable reserves | 133 | €10,000 | €35,970 | +€25,970 | +260% |
| Profit (loss) carried forward | 14 | €14,268 | - | -€14,268 | |
| Amounts payable | 17/49 | €9,250 | €2,476 | -€6,775 | -73.2% |
| Amounts payable within one year | 42/48 | €9,250 | €2,476 | -€6,775 | -73.2% |
| Trade debts | 44 | €768 | €910 | +€142 | +18.5% |
| Suppliers | 440/4 | €768 | €910 | +€142 | +18.5% |
| Taxes, remuneration and social security | 45 | €8,036 | - | -€8,036 | |
| Taxes | 450/3 | €8,036 | - | -€8,036 | |
| Other amounts payable | 47/48 | €445 | €1,565 | +€1,120 | +251% |
| Other operating charges | 640/8 | €522 | €894 | +€372 | +71.3% |
| Gross operating margin | 9900 | €32,821 | €15,978 | -€16,842 | -51.3% |
| Operating profit (loss) | 9901 | €32,299 | €15,084 | -€17,215 | -53.3% |
| Financial income | 75/76B | €15 | €461 | +€446 | +2,974% |
| Recurring financial income | 75 | €15 | €461 | +€446 | +2,974% |
| Financial charges | 65/66B | €9 | €80 | +€71 | +746% |
| Recurring financial charges | 65 | €9 | €80 | +€71 | +746% |
| Profit (loss) for the period before taxes | 9903 | €32,304 | €15,465 | -€16,839 | -52.1% |
| Income taxes | 67/77 | €8,036 | €3,763 | -€4,273 | -53.2% |
| Profit (loss) for the period | 9904 | €24,268 | €11,702 | -€12,566 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,268 | €11,702 | -€12,566 | -51.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.