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 -€17,263
down €17,263 (-9.7%), from €177,888 to €160,625
of which Leasing and similar rights: -€11,749
- Receivables within one year -€9,912
down €9,912 (-53.4%), from €18,569 to €8,657
of which Trade receivables: -€10,414
- Cash +€7,804
up €7,804 (+280.1%), from €2,786 to €10,590
mainly Net result for the year (+€24,736) and Depreciation (+€17,263)
- Reserves +€24,736
up €24,736 (+73.6%), from €33,588 to €58,324
- Other debts -€21,186
down €21,186 (-51.8%), from €40,865 to €19,679
- Debts after one year -€20,694
down €20,694 (-27.3%), from €75,768 to €55,074
- Gross operating margin -€1,851
down €1,851 (-3.0%), from €62,514 to €60,663
- Financial charges -€1,731
down €1,731 (-27.9%), from €6,207 to €4,476
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 | €199,248 | €180,710 | -€18,538 | -9.3% |
| Fixed assets | 21/28 | €177,893 | €160,630 | -€17,263 | -9.7% |
| Tangible fixed assets | 22/27 | €177,888 | €160,625 | -€17,263 | -9.7% |
| Land and buildings | 22 | €131,281 | €127,035 | -€4,246 | -3.2% |
| Plant, machinery and equipment | 23 | €1,041 | €399 | -€642 | -61.7% |
| Furniture and vehicles | 24 | €2,884 | €2,258 | -€626 | -21.7% |
| Leasing and similar rights | 25 | €42,682 | €30,933 | -€11,749 | -27.5% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €21,355 | €20,080 | -€1,275 | -6.0% |
| Amounts receivable within one year | 40/41 | €18,569 | €8,657 | -€9,912 | -53.4% |
| Trade receivables | 40 | €18,393 | €7,978 | -€10,414 | -56.6% |
| Other amounts receivable | 41 | €176 | €679 | +€502 | +284.5% |
| Cash at bank and in hand | 54/58 | €2,786 | €10,590 | +€7,804 | +280.1% |
| Deferred charges and accrued income | 490/1 | - | €833 | +€833 | |
| Total equity and liabilities | 10/49 | €199,248 | €180,710 | -€18,538 | -9.3% |
| Equity | 10/15 | €52,188 | €76,924 | +€24,736 | +47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,588 | €58,324 | +€24,736 | +73.6% |
| Distributable reserves | 133 | €33,588 | €58,324 | +€24,736 | +73.6% |
| Amounts payable | 17/49 | €147,060 | €103,786 | -€43,274 | -29.4% |
| Amounts payable after more than one year | 17 | €75,768 | €55,074 | -€20,694 | -27.3% |
| Financial debts | 170/4 | €75,768 | €55,074 | -€20,694 | -27.3% |
| Amounts payable within one year | 42/48 | €70,027 | €47,478 | -€22,549 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €20,171 | €20,694 | +€523 | +2.6% |
| Trade debts | 44 | €1,245 | €1,163 | -€81 | -6.5% |
| Suppliers | 440/4 | €1,245 | €1,163 | -€81 | -6.5% |
| Taxes, remuneration and social security | 45 | €7,746 | €5,942 | -€1,804 | -23.3% |
| Taxes | 450/3 | €7,746 | €5,942 | -€1,804 | -23.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,865 | €19,679 | -€21,186 | -51.8% |
| Accrued charges and deferred income | 492/3 | €1,266 | €1,234 | -€31 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,883 | €17,263 | +€380 | +2.2% |
| Other operating charges | 640/8 | €3,806 | €3,866 | +€61 | +1.6% |
| Gross operating margin | 9900 | €62,514 | €60,663 | -€1,851 | -3.0% |
| Operating profit (loss) | 9901 | €41,826 | €39,534 | -€2,292 | -5.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,207 | €4,476 | -€1,731 | -27.9% |
| Recurring financial charges | 65 | €6,207 | €4,476 | -€1,731 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €35,618 | €35,057 | -€561 | -1.6% |
| Income taxes | 67/77 | €10,453 | €10,321 | -€132 | -1.3% |
| Profit (loss) for the period | 9904 | €25,165 | €24,736 | -€429 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,165 | €24,736 | -€429 | -1.7% |
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 8 October 2026 via checked.be.