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
- Tangible fixed assets -€42,190
down €42,190 (-3.2%), from €1.3m to €1.3m
of which Land and buildings: -€36,256
- Cash +€25,903
up €25,903 (+120.6%), from €21,484 to €47,387
mainly Depreciation (+€45,771) and Net result for the year (+€13,974)
- Other debts -€26,777
down €26,777 (-5.8%), from €461,435 to €434,659
- Profit (loss) carried forward +€13,974
up €13,974 (+4.1%), from €337,045 to €351,020
- Gross operating margin +€4,129
up €4,129 (+4.3%), from €96,417 to €100,546
- Financial charges +€3,011
up €3,011 (+14.8%), from €20,345 to €23,356
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 | €1,334,527 | €1,324,330 | -€10,197 | -0.8% |
| Fixed assets | 21/28 | €1,308,293 | €1,266,103 | -€42,190 | -3.2% |
| Tangible fixed assets | 22/27 | €1,308,293 | €1,266,103 | -€42,190 | -3.2% |
| Land and buildings | 22 | €1,301,173 | €1,264,917 | -€36,256 | -2.8% |
| Furniture and vehicles | 24 | €7,120 | €1,187 | -€5,934 | -83.3% |
| Current assets | 29/58 | €26,234 | €58,227 | +€31,993 | +122.0% |
| Amounts receivable within one year | 40/41 | €576 | €9,926 | +€9,350 | +1623.0% |
| Trade receivables | 40 | €576 | €9,926 | +€9,350 | +1623.0% |
| Cash at bank and in hand | 54/58 | €21,484 | €47,387 | +€25,903 | +120.6% |
| Deferred charges and accrued income | 490/1 | €4,174 | €914 | -€3,260 | -78.1% |
| Total equity and liabilities | 10/49 | €1,334,527 | €1,324,330 | -€10,197 | -0.8% |
| Equity | 10/15 | €842,887 | €856,861 | +€13,974 | +1.7% |
| Contributions | 10/11 | €378,038 | €378,038 | = | 0.0% |
| Capital | 10 | €378,038 | €378,038 | = | 0.0% |
| Issued capital | 100 | €378,038 | €378,038 | = | 0.0% |
| Reserves | 13 | €127,804 | €127,804 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127,804 | €127,804 | = | 0.0% |
| Legal reserve | 130 | €127,804 | €127,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €337,045 | €351,020 | +€13,974 | +4.1% |
| Amounts payable | 17/49 | €491,640 | €467,469 | -€24,171 | -4.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €473,272 | €447,571 | -€25,701 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €2,095 | €0 | -€2,095 | -100.0% |
| Trade debts | 44 | €3,363 | €5,655 | +€2,292 | +68.1% |
| Suppliers | 440/4 | €3,363 | €5,655 | +€2,292 | +68.1% |
| Taxes, remuneration and social security | 45 | €6,379 | €7,257 | +€878 | +13.8% |
| Taxes | 450/3 | €6,379 | €7,257 | +€878 | +13.8% |
| Other amounts payable | 47/48 | €461,435 | €434,659 | -€26,777 | -5.8% |
| Accrued charges and deferred income | 492/3 | €18,368 | €19,898 | +€1,530 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,006 | €45,771 | -€236 | -0.5% |
| Other operating charges | 640/8 | €16,785 | €17,440 | +€655 | +3.9% |
| Gross operating margin | 9900 | €96,417 | €100,546 | +€4,129 | +4.3% |
| Operating profit (loss) | 9901 | €33,626 | €37,336 | +€3,709 | +11.0% |
| Financial income | 75/76B | €88 | €167 | +€80 | +91.2% |
| Recurring financial income | 75 | €88 | €167 | +€80 | +91.2% |
| Financial charges | 65/66B | €20,345 | €23,356 | +€3,011 | +14.8% |
| Recurring financial charges | 65 | €20,345 | €23,356 | +€3,011 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €13,369 | €14,147 | +€779 | +5.8% |
| Income taxes | 67/77 | €171 | €173 | +€2 | +1.1% |
| Profit (loss) for the period | 9904 | €13,198 | €13,974 | +€777 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,198 | €13,974 | +€777 | +5.9% |
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.