Karomeat: 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.
Karomeat
Largest movements
- Tangible fixed assets +€31,001
up €31,001 (+59.3%), from €52,257 to €83,258
of which Leasing and similar rights: +€25,890
- Cash +€26,427
up €26,427 (+26.5%), from €99,908 to €126,335
mainly Net result for the year (+€23,943) and Depreciation (+€22,397)
- Receivables within one year +€6,751
up €6,751 (+52.1%), from €12,961 to €19,712
of which Trade receivables: +€5,127
- Reserves +€23,943
up €23,943 (+139%), from €17,252 to €41,195
- Trade debts +€14,248
up €14,248 (+29.3%), from €48,557 to €62,805
- Debts after one year +€13,585
up €13,585 (+28.3%), from €47,986 to €61,571
- Current portion of long-term debt +€6,366
up €6,366 (+99.5%), from €6,400 to €12,766
- Tax, wage and social debts +€6,281
up €6,281 (+25.0%), from €25,130 to €31,411
of which Taxes: +€5,894
- Staff costs -€26,911
down €26,911 (-14.0%), from €192,633 to €165,722
- Gross operating margin -€13,354
down €13,354 (-5.6%), from €237,815 to €224,461
- Depreciation +€7,134
up €7,134 (+46.7%), from €15,263 to €22,397
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 | €172,712 | €237,804 | +€65,092 | +37.7% |
| Fixed assets | 21/28 | €56,632 | €87,133 | +€30,501 | +53.9% |
| Intangible fixed assets | 21 | €4,375 | €3,875 | -€500 | -11.4% |
| Tangible fixed assets | 22/27 | €52,257 | €83,258 | +€31,001 | +59.3% |
| Plant, machinery and equipment | 23 | €52,257 | €57,369 | +€5,112 | +9.8% |
| Leasing and similar rights | 25 | - | €25,890 | +€25,890 | |
| Current assets | 29/58 | €116,080 | €150,670 | +€34,591 | +29.8% |
| Stocks and contracts in progress | 3 | €2,764 | €2,983 | +€219 | +7.9% |
| Stocks | 30/36 | €2,764 | €2,983 | +€219 | +7.9% |
| Amounts receivable within one year | 40/41 | €12,961 | €19,712 | +€6,751 | +52.1% |
| Trade receivables | 40 | €11,912 | €17,038 | +€5,127 | +43.0% |
| Other amounts receivable | 41 | €1,050 | €2,674 | +€1,624 | +155% |
| Cash at bank and in hand | 54/58 | €99,908 | €126,335 | +€26,427 | +26.5% |
| Deferred charges and accrued income | 490/1 | €447 | €1,640 | +€1,193 | +267% |
| Total equity and liabilities | 10/49 | €172,712 | €237,804 | +€65,092 | +37.7% |
| Equity | 10/15 | €37,252 | €61,195 | +€23,943 | +64.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,252 | €41,195 | +€23,943 | +139% |
| Distributable reserves | 133 | €17,252 | €41,195 | +€23,943 | +139% |
| Amounts payable | 17/49 | €135,459 | €176,608 | +€41,149 | +30.4% |
| Amounts payable after more than one year | 17 | €47,986 | €61,571 | +€13,585 | +28.3% |
| Financial debts | 170/4 | €47,986 | €61,571 | +€13,585 | +28.3% |
| Amounts payable within one year | 42/48 | €87,473 | €115,037 | +€27,564 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €6,400 | €12,766 | +€6,366 | +99.5% |
| Trade debts | 44 | €48,557 | €62,805 | +€14,248 | +29.3% |
| Suppliers | 440/4 | €48,557 | €62,805 | +€14,248 | +29.3% |
| Advances received on contracts in progress | 46 | - | €530 | +€530 | |
| Taxes, remuneration and social security | 45 | €25,130 | €31,411 | +€6,281 | +25.0% |
| Taxes | 450/3 | €4,529 | €10,423 | +€5,894 | +130% |
| Remuneration and social security | 454/9 | €20,601 | €20,988 | +€387 | +1.9% |
| Other amounts payable | 47/48 | €7,385 | €7,525 | +€140 | +1.9% |
| Non-recurring operating income | 76A | - | €1,750 | +€1,750 | |
| Remuneration, social security and pensions | 62 | €192,633 | €165,722 | -€26,911 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,263 | €22,397 | +€7,134 | +46.7% |
| Other operating charges | 640/8 | €243 | €295 | +€52 | +21.5% |
| Gross operating margin | 9900 | €237,815 | €224,461 | -€13,354 | -5.6% |
| Operating profit (loss) | 9901 | €29,676 | €36,046 | +€6,370 | +21.5% |
| Financial income | 75/76B | €22 | €48 | +€27 | +121% |
| Recurring financial income | 75 | €22 | €48 | +€27 | +121% |
| Financial charges | 65/66B | €7,991 | €6,258 | -€1,733 | -21.7% |
| Recurring financial charges | 65 | €7,991 | €6,258 | -€1,733 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €21,707 | €29,837 | +€8,129 | +37.5% |
| Income taxes | 67/77 | €4,455 | €5,894 | +€1,439 | +32.3% |
| Profit (loss) for the period | 9904 | €17,252 | €23,943 | +€6,691 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,252 | €23,943 | +€6,691 | +38.8% |
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 17 October 2026 via checked.be.