KARUMA: 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.
KARUMA
Largest movements
- Receivables within one year +€5,586
new in 2025: €5,586
- Deferred charges and accrued income -€5,212
down €5,212 (-54.5%), from €9,558 to €4,345
- Reserves -€2,056
down €2,056 (-6.0%), from €34,262 to €32,206
of which Distributable reserves: -€2,056
- Gross operating margin -€2,909
down €2,909, from €1,980 to -€929
- Taxes -€309
down €309 (-100%), from €309 to €0
- Financial charges +€184
up €184 (+647%), from €29 to €213
- Other operating charges +€124
up €124 (+15.1%), from €818 to €942
- Financial income +€28
new in 2025: €28
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 | €202,843 | €201,405 | -€1,438 | -0.7% |
| Fixed assets | 21/28 | €189,327 | €189,327 | = | 0.0% |
| Tangible fixed assets | 22/27 | €189,327 | €189,327 | = | 0.0% |
| Land and buildings | 22 | €189,327 | €189,327 | = | 0.0% |
| Current assets | 29/58 | €13,517 | €12,078 | -€1,438 | -10.6% |
| Amounts receivable within one year | 40/41 | - | €5,586 | +€5,586 | |
| Other amounts receivable | 41 | - | €5,586 | +€5,586 | |
| Cash at bank and in hand | 54/58 | €3,959 | €2,147 | -€1,812 | -45.8% |
| Deferred charges and accrued income | 490/1 | €9,558 | €4,345 | -€5,212 | -54.5% |
| Total equity and liabilities | 10/49 | €202,843 | €201,405 | -€1,438 | -0.7% |
| Equity | 10/15 | €180,519 | €178,463 | -€2,056 | -1.1% |
| Contributions | 10/11 | €146,257 | €146,257 | = | 0.0% |
| Capital | 10 | €146,257 | €146,257 | = | 0.0% |
| Issued capital | 100 | €146,257 | €146,257 | = | 0.0% |
| Reserves | 13 | €34,262 | €32,206 | -€2,056 | -6.0% |
| Non-distributable reserves | 130/1 | €14,626 | €14,626 | = | 0.0% |
| Legal reserve | 130 | €14,626 | €14,626 | = | 0.0% |
| Distributable reserves | 133 | €19,636 | €17,580 | -€2,056 | -10.5% |
| Amounts payable | 17/49 | €22,324 | €22,942 | +€618 | +2.8% |
| Amounts payable within one year | 42/48 | €22,324 | €22,942 | +€618 | +2.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €411 | €309 | -€102 | -24.9% |
| Taxes | 450/3 | €411 | €309 | -€102 | -24.9% |
| Other amounts payable | 47/48 | €21,913 | €22,633 | +€720 | +3.3% |
| Other operating charges | 640/8 | €818 | €942 | +€124 | +15.1% |
| Gross operating margin | 9900 | €1,980 | -€929 | -€2,909 | |
| Operating profit (loss) | 9901 | €1,162 | -€1,871 | -€3,033 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €29 | €213 | +€184 | +647% |
| Recurring financial charges | 65 | €29 | €213 | +€184 | +647% |
| Profit (loss) for the period before taxes | 9903 | €1,133 | -€2,056 | -€3,189 | |
| Income taxes | 67/77 | €309 | €0 | -€309 | -100% |
| Profit (loss) for the period | 9904 | €825 | -€2,056 | -€2,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €825 | -€2,056 | -€2,881 |
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.