K'amivet: 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.
K'amivet
Largest movements
- Cash +€51,374
up €51,374 (+187.0%), from €27,468 to €78,842
mainly Net result for the year (+€31,557) and Depreciation (+€12,652)
- Tangible fixed assets -€11,636
down €11,636 (-22.0%), from €52,942 to €41,306
of which Furniture and vehicles: -€11,073
- Deferred charges and accrued income -€11,300
down €11,300 (-58.9%), from €19,200 to €7,900
- Receivables within one year -€7,593
down €7,593 (-19.8%), from €38,270 to €30,677
of which Other amounts receivable: -€11,810
- Reserves +€51,143
up €51,143 (+79.2%), from €64,581 to €115,724
- Profit (loss) carried forward -€19,974
no longer reported in 2025 (was €19,974)
- Debts after one year -€10,923
down €10,923 (-26.5%), from €41,258 to €30,335
- Trade debts -€3,558
down €3,558 (-52.8%), from €6,733 to €3,175
- Tax, wage and social debts +€2,503
up €2,503 (+88.6%), from €2,825 to €5,328
of which Taxes: +€4,753
- Gross operating margin +€29,190
up €29,190 (+89.9%), from €32,456 to €61,647
- Taxes +€8,137
up €8,137 (+154.8%), from €5,255 to €13,392
- Depreciation +€5,925
up €5,925 (+88.1%), from €6,727 to €12,652
- Financial charges +€2,413
up €2,413 (+214.3%), from €1,126 to €3,539
of which Non-recurring financial charges: +€1,505
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 | €152,258 | €171,699 | +€19,440 | +12.8% |
| Fixed assets | 21/28 | €54,942 | €43,306 | -€11,636 | -21.2% |
| Tangible fixed assets | 22/27 | €52,942 | €41,306 | -€11,636 | -22.0% |
| Land and buildings | 22 | €183 | €173 | -€10 | -5.5% |
| Plant, machinery and equipment | 23 | €840 | €287 | -€553 | -65.8% |
| Furniture and vehicles | 24 | €51,919 | €40,845 | -€11,073 | -21.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €97,316 | €128,393 | +€31,077 | +31.9% |
| Stocks and contracts in progress | 3 | €12,378 | €10,974 | -€1,404 | -11.3% |
| Stocks | 30/36 | €12,378 | €10,974 | -€1,404 | -11.3% |
| Amounts receivable within one year | 40/41 | €38,270 | €30,677 | -€7,593 | -19.8% |
| Trade receivables | 40 | €21,682 | €25,898 | +€4,217 | +19.4% |
| Other amounts receivable | 41 | €16,588 | €4,779 | -€11,810 | -71.2% |
| Cash at bank and in hand | 54/58 | €27,468 | €78,842 | +€51,374 | +187.0% |
| Deferred charges and accrued income | 490/1 | €19,200 | €7,900 | -€11,300 | -58.9% |
| Total equity and liabilities | 10/49 | €152,258 | €171,699 | +€19,440 | +12.8% |
| Equity | 10/15 | €90,755 | €121,924 | +€31,169 | +34.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,581 | €115,724 | +€51,143 | +79.2% |
| Distributable reserves | 133 | €64,581 | €115,724 | +€51,143 | +79.2% |
| Profit (loss) carried forward | 14 | €19,974 | - | -€19,974 | |
| Amounts payable | 17/49 | €61,503 | €49,775 | -€11,728 | -19.1% |
| Amounts payable after more than one year | 17 | €41,258 | €30,335 | -€10,923 | -26.5% |
| Financial debts | 170/4 | €41,258 | €30,335 | -€10,923 | -26.5% |
| Amounts payable within one year | 42/48 | €20,245 | €19,440 | -€805 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €10,493 | €10,923 | +€430 | +4.1% |
| Trade debts | 44 | €6,733 | €3,175 | -€3,558 | -52.8% |
| Suppliers | 440/4 | €6,733 | €3,175 | -€3,558 | -52.8% |
| Taxes, remuneration and social security | 45 | €2,825 | €5,328 | +€2,503 | +88.6% |
| Taxes | 450/3 | €575 | €5,328 | +€4,753 | +825.9% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €194 | €14 | -€180 | -92.9% |
| Non-recurring operating income | 76A | - | €388 | +€388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,727 | €12,652 | +€5,925 | +88.1% |
| Other operating charges | 640/8 | €1,102 | €813 | -€289 | -26.2% |
| Gross operating margin | 9900 | €32,456 | €61,647 | +€29,190 | +89.9% |
| Operating profit (loss) | 9901 | €24,627 | €48,181 | +€23,554 | +95.6% |
| Financial income | 75/76B | €427 | €307 | -€120 | -28.0% |
| Recurring financial income | 75 | €427 | €307 | -€120 | -28.0% |
| Financial charges | 65/66B | €1,126 | €3,539 | +€2,413 | +214.3% |
| Recurring financial charges | 65 | €1,126 | €2,034 | +€908 | +80.6% |
| Non-recurring financial charges | 66B | - | €1,505 | +€1,505 | |
| Profit (loss) for the period before taxes | 9903 | €23,928 | €44,949 | +€21,021 | +87.9% |
| Income taxes | 67/77 | €5,255 | €13,392 | +€8,137 | +154.8% |
| Profit (loss) for the period | 9904 | €18,673 | €31,557 | +€12,884 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,673 | €31,557 | +€12,884 | +69.0% |
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 10 October 2026 via checked.be.