KAM'S: 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.
KAM'S
Largest movements
- Receivables within one year -€11,946
down €11,946 (-25.5%), from €46,871 to €34,925
of which Other amounts receivable: -€11,173
- Cash +€3,728
up €3,728 (+89.1%), from €4,183 to €7,911
mainly Receivables within one year (+€11,946) and Net result for the year (+€3,894)
- Tangible fixed assets -€537
down €537 (-45.5%), from €1,179 to €643
- Tax, wage and social debts -€11,134
down €11,134 (-36.1%), from €30,829 to €19,695
of which Remuneration and social security: -€7,893
- Profit (loss) carried forward +€3,894
up €3,894 (+18.8%), from -€20,697 to -€16,803
- Trade debts -€2,046
down €2,046 (-9.7%), from €21,150 to €19,104
- Accrued charges and deferred income +€532
up €532 (+106%), from €500 to €1,032
- Gross operating margin +€15,499
up €15,499 (+9.5%), from €162,398 to €177,898
- Staff costs -€14,445
down €14,445 (-7.8%), from €186,376 to €171,931
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 | €52,233 | €43,478 | -€8,755 | -16.8% |
| Fixed assets | 21/28 | €1,179 | €643 | -€537 | -45.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,179 | €643 | -€537 | -45.5% |
| Plant, machinery and equipment | 23 | €1,179 | €643 | -€537 | -45.5% |
| Current assets | 29/58 | €51,054 | €42,836 | -€8,218 | -16.1% |
| Amounts receivable within one year | 40/41 | €46,871 | €34,925 | -€11,946 | -25.5% |
| Trade receivables | 40 | €2,342 | €1,570 | -€772 | -33.0% |
| Other amounts receivable | 41 | €44,529 | €33,355 | -€11,173 | -25.1% |
| Cash at bank and in hand | 54/58 | €4,183 | €7,911 | +€3,728 | +89.1% |
| Total equity and liabilities | 10/49 | €52,233 | €43,478 | -€8,755 | -16.8% |
| Equity | 10/15 | -€246 | €3,648 | +€3,894 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,697 | -€16,803 | +€3,894 | +18.8% |
| Amounts payable | 17/49 | €52,479 | €39,831 | -€12,648 | -24.1% |
| Amounts payable within one year | 42/48 | €51,979 | €38,799 | -€13,180 | -25.4% |
| Trade debts | 44 | €21,150 | €19,104 | -€2,046 | -9.7% |
| Suppliers | 440/4 | €21,150 | €19,104 | -€2,046 | -9.7% |
| Taxes, remuneration and social security | 45 | €30,829 | €19,695 | -€11,134 | -36.1% |
| Taxes | 450/3 | €5,216 | €1,975 | -€3,241 | -62.1% |
| Remuneration and social security | 454/9 | €25,613 | €17,720 | -€7,893 | -30.8% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €500 | €1,032 | +€532 | +106% |
| Remuneration, social security and pensions | 62 | €186,376 | €171,931 | -€14,445 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €537 | -€155 | -22.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €162,398 | €177,898 | +€15,499 | +9.5% |
| Operating profit (loss) | 9901 | -€25,056 | €5,431 | +€30,486 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,062 | €1,465 | +€402 | +37.9% |
| Recurring financial charges | 65 | €1,062 | €1,465 | +€402 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,118 | €3,966 | +€30,085 | |
| Income taxes | 67/77 | €174 | €73 | -€102 | -58.4% |
| Profit (loss) for the period | 9904 | -€26,293 | €3,894 | +€30,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,293 | €3,894 | +€30,186 |
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 18 October 2026 via checked.be.