KA-MINI-LEX: 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.
KAMINILEX
Largest movements
- Receivables within one year -€20,315
down €20,315 (-85.1%), from €23,877 to €3,562
of which Trade receivables: -€21,636
- Profit (loss) carried forward -€17,331
down €17,331 (-24.4%), from -€71,024 to -€88,355
- Other debts +€5,229
up €5,229 (+20.8%), from €25,088 to €30,317
- Debts after one year -€4,461
down €4,461 (-3.9%), from €115,305 to €110,844
- Short-term financial debts -€2,840
down €2,840 (-15.2%), from €18,733 to €15,893
- Tax, wage and social debts -€1,665
down €1,665 (-61.0%), from €2,729 to €1,065
- Gross operating margin -€11,239
down €11,239, from €10,665 to -€574
- Depreciation +€1,356
up €1,356 (+22.9%), from €5,911 to €7,266
- Other operating charges +€834
up €834 (+100.9%), from €827 to €1,661
- Financial charges -€697
down €697 (-8.7%), from €8,001 to €7,304
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,485 | €118,801 | -€20,684 | -14.8% |
| Fixed assets | 21/28 | €115,608 | €115,238 | -€369 | -0.3% |
| Tangible fixed assets | 22/27 | €115,608 | €115,238 | -€369 | -0.3% |
| Land and buildings | 22 | €82,559 | €80,271 | -€2,288 | -2.8% |
| Furniture and vehicles | 24 | €4,483 | €9,642 | +€5,159 | +115.1% |
| Other tangible fixed assets | 26 | €28,566 | €25,326 | -€3,240 | -11.3% |
| Current assets | 29/58 | €23,877 | €3,562 | -€20,315 | -85.1% |
| Amounts receivable within one year | 40/41 | €23,877 | €3,562 | -€20,315 | -85.1% |
| Trade receivables | 40 | €21,636 | - | -€21,636 | |
| Other amounts receivable | 41 | €2,241 | €3,562 | +€1,321 | +58.9% |
| Total equity and liabilities | 10/49 | €139,485 | €118,801 | -€20,684 | -14.8% |
| Equity | 10/15 | -€26,814 | -€44,145 | -€17,331 | -64.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,610 | €25,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,750 | €23,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,024 | -€88,355 | -€17,331 | -24.4% |
| Amounts payable | 17/49 | €166,299 | €162,946 | -€3,353 | -2.0% |
| Amounts payable after more than one year | 17 | €115,305 | €110,844 | -€4,461 | -3.9% |
| Financial debts | 170/4 | €115,305 | €110,844 | -€4,461 | -3.9% |
| Amounts payable within one year | 42/48 | €50,994 | €52,103 | +€1,108 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €4,274 | €4,461 | +€187 | +4.4% |
| Financial debts | 43 | €18,733 | €15,893 | -€2,840 | -15.2% |
| Credit institutions | 430/8 | €18,733 | €15,893 | -€2,840 | -15.2% |
| Trade debts | 44 | €170 | €367 | +€196 | +115.0% |
| Suppliers | 440/4 | €170 | €367 | +€196 | +115.0% |
| Taxes, remuneration and social security | 45 | €2,729 | €1,065 | -€1,665 | -61.0% |
| Taxes | 450/3 | €2,729 | €1,065 | -€1,665 | -61.0% |
| Other amounts payable | 47/48 | €25,088 | €30,317 | +€5,229 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,911 | €7,266 | +€1,356 | +22.9% |
| Other operating charges | 640/8 | €827 | €1,661 | +€834 | +100.9% |
| Gross operating margin | 9900 | €10,665 | -€574 | -€11,239 | |
| Operating profit (loss) | 9901 | €3,927 | -€9,502 | -€13,428 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8,001 | €7,304 | -€697 | -8.7% |
| Recurring financial charges | 65 | €8,001 | €7,304 | -€697 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,074 | -€16,803 | -€12,729 | -312.5% |
| Income taxes | 67/77 | €537 | €528 | -€9 | -1.7% |
| Profit (loss) for the period | 9904 | -€4,611 | -€17,331 | -€12,720 | -275.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,611 | -€17,331 | -€12,720 | -275.9% |
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 12 October 2026 via checked.be.