KAMA: what changed
Two fiscal 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.
KAMA
Largest movements
- Cash -€31,731
down €31,731 (-68.9%), from €46,034 to €14,303
mainly Receivables within one year (-€17,121) and Net result for the year (-€12,187)
- Receivables within one year +€17,121
up €17,121 (+407.8%), from €4,199 to €21,319
of which Trade receivables: +€15,984
- Tangible fixed assets -€14,527
down €14,527 (-37.6%), from €38,610 to €24,083
of which Leasing and similar rights: -€9,890
- Profit (loss) carried forward -€12,187
down €12,187, from €9,358 to -€2,829
- Tax, wage and social debts -€6,677
down €6,677 (-49.6%), from €13,449 to €6,772
of which Taxes: -€6,677
- Other debts +€6,500
up €6,500 (+4244.8%), from €153 to €6,653
- Trade debts -€6,079
down €6,079 (-26.7%), from €22,774 to €16,695
- Current portion of long-term debt -€5,644
down €5,644 (-52.7%), from €10,708 to €5,064
- Gross operating margin -€22,339
down €22,339 (-72.2%), from €30,928 to €8,588
- Taxes -€4,097
down €4,097 (-88.1%), from €4,651 to €554
- Other operating charges -€2,164
down €2,164 (-59.7%), from €3,622 to €1,458
- Depreciation -€1,134
down €1,134 (-6.0%), from €18,768 to €17,635
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 | €90,489 | €61,217 | -€29,272 | -32.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €38,610 | €24,083 | -€14,527 | -37.6% |
| Tangible fixed assets | 22/27 | €38,610 | €24,083 | -€14,527 | -37.6% |
| Plant, machinery and equipment | 23 | €2,406 | €1,875 | -€532 | -22.1% |
| Furniture and vehicles | 24 | €24,313 | €20,207 | -€4,106 | -16.9% |
| Leasing and similar rights | 25 | €11,891 | €2,001 | -€9,890 | -83.2% |
| Current assets | 29/58 | €51,879 | €37,134 | -€14,745 | -28.4% |
| Amounts receivable within one year | 40/41 | €4,199 | €21,319 | +€17,121 | +407.8% |
| Trade receivables | 40 | €3,843 | €19,827 | +€15,984 | +416.0% |
| Other amounts receivable | 41 | €356 | €1,493 | +€1,136 | +319.0% |
| Cash at bank and in hand | 54/58 | €46,034 | €14,303 | -€31,731 | -68.9% |
| Deferred charges and accrued income | 490/1 | €1,646 | €1,512 | -€135 | -8.2% |
| Total equity and liabilities | 10/49 | €90,489 | €61,217 | -€29,272 | -32.3% |
| Equity | 10/15 | €27,958 | €15,771 | -€12,187 | -43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,358 | -€2,829 | -€12,187 | |
| Amounts payable | 17/49 | €62,531 | €45,446 | -€17,085 | -27.3% |
| Amounts payable after more than one year | 17 | €15,326 | €10,262 | -€5,064 | -33.0% |
| Financial debts | 170/4 | €15,326 | €10,262 | -€5,064 | -33.0% |
| Amounts payable within one year | 42/48 | €47,084 | €35,184 | -€11,900 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €10,708 | €5,064 | -€5,644 | -52.7% |
| Trade debts | 44 | €22,774 | €16,695 | -€6,079 | -26.7% |
| Suppliers | 440/4 | €22,774 | €16,695 | -€6,079 | -26.7% |
| Taxes, remuneration and social security | 45 | €13,449 | €6,772 | -€6,677 | -49.6% |
| Taxes | 450/3 | €13,449 | €6,772 | -€6,677 | -49.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €153 | €6,653 | +€6,500 | +4244.8% |
| Accrued charges and deferred income | 492/3 | €121 | €0 | -€121 | -100.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,768 | €17,635 | -€1,134 | -6.0% |
| Other operating charges | 640/8 | €3,622 | €1,458 | -€2,164 | -59.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,928 | €8,588 | -€22,339 | -72.2% |
| Operating profit (loss) | 9901 | €8,537 | -€10,505 | -€19,042 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -68.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -68.9% |
| Financial charges | 65/66B | €1,356 | €1,129 | -€228 | -16.8% |
| Recurring financial charges | 65 | €1,356 | €1,129 | -€228 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €7,181 | -€11,633 | -€18,814 | |
| Income taxes | 67/77 | €4,651 | €554 | -€4,097 | -88.1% |
| Profit (loss) for the period | 9904 | €2,530 | -€12,187 | -€14,717 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,530 | -€12,187 | -€14,717 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.