KARMOZIJN: 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.
KARMOZIJN
Largest movements
- Stocks and contracts +€22,433
up €22,433 (+11.8%), from €189,669 to €212,102
- Receivables within one year -€5,699
down €5,699 (-22.9%), from €24,843 to €19,145
of which Trade receivables: -€5,494
- Tangible fixed assets -€5,355
down €5,355 (-15.9%), from €33,737 to €28,381
of which Plant, machinery and equipment: -€4,794
- Trade debts +€27,498
up €27,498 (+78.2%), from €35,149 to €62,647
- Profit (loss) carried forward -€15,785
down €15,785 (-19.9%), from €79,277 to €63,492
- Other debts -€9,768
down €9,768 (-19.5%), from €49,983 to €40,215
- Tax, wage and social debts +€8,351
up €8,351 (+142%), from €5,896 to €14,247
of which Taxes: +€9,934
- Gross operating margin -€19,874
down €19,874, from €14,757 to -€5,117
- Taxes -€1,510
down €1,510 (-77.7%), from €1,944 to €434
- Other operating charges -€321
down €321 (-31.5%), from €1,017 to €696
- Financial charges +€260
up €260 (+6.6%), from €3,923 to €4,183
- Depreciation +€232
up €232 (+4.5%), from €5,124 to €5,355
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 | €264,334 | €274,030 | +€9,696 | +3.7% |
| Fixed assets | 21/28 | €34,337 | €29,181 | -€5,155 | -15.0% |
| Tangible fixed assets | 22/27 | €33,737 | €28,381 | -€5,355 | -15.9% |
| Plant, machinery and equipment | 23 | €31,260 | €26,466 | -€4,794 | -15.3% |
| Furniture and vehicles | 24 | €2,477 | €1,916 | -€561 | -22.7% |
| Financial fixed assets | 28 | €600 | €800 | +€200 | +33.3% |
| Current assets | 29/58 | €229,998 | €244,849 | +€14,851 | +6.5% |
| Stocks and contracts in progress | 3 | €189,669 | €212,102 | +€22,433 | +11.8% |
| Stocks | 30/36 | €189,669 | €212,102 | +€22,433 | +11.8% |
| Amounts receivable within one year | 40/41 | €24,843 | €19,145 | -€5,699 | -22.9% |
| Trade receivables | 40 | €17,608 | €12,114 | -€5,494 | -31.2% |
| Other amounts receivable | 41 | €7,236 | €7,031 | -€204 | -2.8% |
| Cash at bank and in hand | 54/58 | €10,700 | €8,817 | -€1,883 | -17.6% |
| Deferred charges and accrued income | 490/1 | €4,785 | €4,785 | = | 0.0% |
| Total equity and liabilities | 10/49 | €264,334 | €274,030 | +€9,696 | +3.7% |
| Equity | 10/15 | €172,706 | €156,921 | -€15,785 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,829 | €74,829 | = | 0.0% |
| Distributable reserves | 133 | €74,829 | €74,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,277 | €63,492 | -€15,785 | -19.9% |
| Amounts payable | 17/49 | €91,628 | €117,109 | +€25,481 | +27.8% |
| Amounts payable within one year | 42/48 | €91,028 | €117,109 | +€26,081 | +28.7% |
| Trade debts | 44 | €35,149 | €62,647 | +€27,498 | +78.2% |
| Suppliers | 440/4 | €35,149 | €62,647 | +€27,498 | +78.2% |
| Taxes, remuneration and social security | 45 | €5,896 | €14,247 | +€8,351 | +142% |
| Taxes | 450/3 | €4,313 | €14,247 | +€9,934 | +230% |
| Remuneration and social security | 454/9 | €1,584 | - | -€1,584 | |
| Other amounts payable | 47/48 | €49,983 | €40,215 | -€9,768 | -19.5% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,124 | €5,355 | +€232 | +4.5% |
| Other operating charges | 640/8 | €1,017 | €696 | -€321 | -31.5% |
| Gross operating margin | 9900 | €14,757 | -€5,117 | -€19,874 | |
| Operating profit (loss) | 9901 | €8,617 | -€11,168 | -€19,785 | |
| Financial charges | 65/66B | €3,923 | €4,183 | +€260 | +6.6% |
| Recurring financial charges | 65 | €3,923 | €4,183 | +€260 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €4,694 | -€15,351 | -€20,045 | |
| Income taxes | 67/77 | €1,944 | €434 | -€1,510 | -77.7% |
| Profit (loss) for the period | 9904 | €2,750 | -€15,785 | -€18,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,750 | -€15,785 | -€18,535 |
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 15 October 2026 via checked.be.