DE KAMENIER: 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.
DE KAMENIER
Largest movements
- Cash -€36,938
down €36,938 (-78.9%), from €46,788 to €9,850
mainly Tax, wage and social debts (-€18,505) and Accrued charges and deferred income (-€15,000)
- Tangible fixed assets -€14,677
down €14,677 (-6.9%), from €213,236 to €198,559
of which Land and buildings: -€14,677
- Tax, wage and social debts -€18,505
down €18,505 (-48.1%), from €38,453 to €19,949
- Accrued charges and deferred income -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year -€9,311
down €9,311 (-6.0%), from €156,174 to €146,863
- Trade debts -€2,878
down €2,878 (-48.7%), from €5,905 to €3,027
- Gross operating margin -€24,774
down €24,774 (-47.0%), from €52,741 to €27,967
- Taxes -€5,899
down €5,899 (-59.4%), from €9,926 to €4,027
- Financial charges -€674
down €674 (-10.3%), from €6,509 to €5,835
- Financial income -€640
down €640 (-95.7%), from €669 to €29
- Other operating charges +€632
up €632 (+19.5%), from €3,236 to €3,869
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 | €284,441 | €237,629 | -€46,812 | -16.5% |
| Fixed assets | 21/28 | €214,041 | €200,873 | -€13,168 | -6.2% |
| Intangible fixed assets | 21 | - | €1,508 | +€1,508 | |
| Tangible fixed assets | 22/27 | €213,236 | €198,559 | -€14,677 | -6.9% |
| Land and buildings | 22 | €212,941 | €198,264 | -€14,677 | -6.9% |
| Other tangible fixed assets | 26 | €295 | €295 | = | 0.0% |
| Financial fixed assets | 28 | €805 | €805 | = | 0.0% |
| Current assets | 29/58 | €70,400 | €36,756 | -€33,643 | -47.8% |
| Stocks and contracts in progress | 3 | €21,923 | €21,738 | -€186 | -0.8% |
| Stocks | 30/36 | €21,923 | €21,738 | -€186 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,112 | €3,604 | +€2,492 | +224% |
| Trade receivables | 40 | €946 | €2,240 | +€1,294 | +137% |
| Other amounts receivable | 41 | €166 | €1,365 | +€1,199 | +721% |
| Cash at bank and in hand | 54/58 | €46,788 | €9,850 | -€36,938 | -78.9% |
| Deferred charges and accrued income | 490/1 | €576 | €1,564 | +€988 | +171% |
| Total equity and liabilities | 10/49 | €284,441 | €237,629 | -€46,812 | -16.5% |
| Equity | 10/15 | €59,373 | €58,479 | -€894 | -1.5% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €50,773 | €49,879 | -€894 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,913 | €48,019 | -€894 | -1.8% |
| Amounts payable | 17/49 | €225,068 | €179,150 | -€45,918 | -20.4% |
| Amounts payable after more than one year | 17 | €156,174 | €146,863 | -€9,311 | -6.0% |
| Financial debts | 170/4 | €156,174 | €146,863 | -€9,311 | -6.0% |
| Amounts payable within one year | 42/48 | €53,894 | €32,286 | -€21,608 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €9,174 | €9,311 | +€137 | +1.5% |
| Trade debts | 44 | €5,905 | €3,027 | -€2,878 | -48.7% |
| Suppliers | 440/4 | €5,905 | €3,027 | -€2,878 | -48.7% |
| Taxes, remuneration and social security | 45 | €38,453 | €19,949 | -€18,505 | -48.1% |
| Taxes | 450/3 | €38,453 | €19,949 | -€18,505 | -48.1% |
| Other amounts payable | 47/48 | €362 | - | -€362 | |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,677 | €15,158 | +€482 | +3.3% |
| Other operating charges | 640/8 | €3,236 | €3,869 | +€632 | +19.5% |
| Gross operating margin | 9900 | €52,741 | €27,967 | -€24,774 | -47.0% |
| Operating profit (loss) | 9901 | €34,827 | €8,940 | -€25,888 | -74.3% |
| Financial income | 75/76B | €669 | €29 | -€640 | -95.7% |
| Recurring financial income | 75 | €669 | €29 | -€640 | -95.7% |
| Financial charges | 65/66B | €6,509 | €5,835 | -€674 | -10.3% |
| Recurring financial charges | 65 | €6,509 | €5,835 | -€674 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €28,988 | €3,133 | -€25,854 | -89.2% |
| Income taxes | 67/77 | €9,926 | €4,027 | -€5,899 | -59.4% |
| Profit (loss) for the period | 9904 | €19,062 | -€894 | -€19,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,062 | -€894 | -€19,955 |
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 29 October 2026 via checked.be.