KARMEN: 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.
KARMEN
Largest movements
- Cash +€1,671
up €1,671 (+221.9%), from €753 to €2,424
mainly Net result for the year (+€5,031) and Other debts (+€800)
- Receivables within one year +€432
up €432 (+44.9%), from €964 to €1,396
of which Trade receivables: +€1,250
- Profit (loss) carried forward +€5,031
up €5,031 (+45.0%), from -€11,171 to -€6,140
- Tax, wage and social debts -€1,980
down €1,980 (-54.1%), from €3,656 to €1,676
of which Remuneration and social security: -€1,000
- Trade debts -€1,748
down €1,748 (-80.3%), from €2,176 to €428
- Other debts +€800
up €800 (+72.4%), from €1,106 to €1,906
- Gross operating margin +€3,017
up €3,017 (+64.4%), from €4,683 to €7,700
- Taxes -€1,861
down €1,861 (-99.7%), from €1,866 to €5
- Other operating charges -€187
down €187 (-6.9%), from €2,717 to €2,529
- Financial charges +€86
up €86 (+175.4%), from €49 to €135
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 | €1,967 | €4,070 | +€2,103 | +106.9% |
| Current assets | 29/58 | €1,967 | €4,070 | +€2,103 | +106.9% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €964 | €1,396 | +€432 | +44.9% |
| Trade receivables | 40 | - | €1,250 | +€1,250 | |
| Other amounts receivable | 41 | €964 | €146 | -€818 | -84.8% |
| Cash at bank and in hand | 54/58 | €753 | €2,424 | +€1,671 | +221.9% |
| Total equity and liabilities | 10/49 | €1,967 | €4,070 | +€2,103 | +106.9% |
| Equity | 10/15 | -€4,971 | €60 | +€5,031 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,171 | -€6,140 | +€5,031 | +45.0% |
| Amounts payable | 17/49 | €6,938 | €4,010 | -€2,928 | -42.2% |
| Amounts payable within one year | 42/48 | €6,938 | €4,010 | -€2,928 | -42.2% |
| Trade debts | 44 | €2,176 | €428 | -€1,748 | -80.3% |
| Suppliers | 440/4 | €2,176 | €428 | -€1,748 | -80.3% |
| Taxes, remuneration and social security | 45 | €3,656 | €1,676 | -€1,980 | -54.1% |
| Taxes | 450/3 | €2,656 | €1,676 | -€980 | -36.9% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €1,106 | €1,906 | +€800 | +72.4% |
| Other operating charges | 640/8 | €2,717 | €2,529 | -€187 | -6.9% |
| Gross operating margin | 9900 | €4,683 | €7,700 | +€3,017 | +64.4% |
| Operating profit (loss) | 9901 | €1,966 | €5,170 | +€3,204 | +163.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1000.0% |
| Financial charges | 65/66B | €49 | €135 | +€86 | +175.4% |
| Recurring financial charges | 65 | €49 | €135 | +€86 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | €1,917 | €5,036 | +€3,119 | +162.7% |
| Income taxes | 67/77 | €1,866 | €5 | -€1,861 | -99.7% |
| Profit (loss) for the period | 9904 | €51 | €5,031 | +€4,980 | +9726.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51 | €5,031 | +€4,980 | +9726.5% |
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.