KAMA-CO: 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.
KAMA-CO
Largest movements
- Receivables within one year +€107,438
up €107,438 (+95.2%), from €112,814 to €220,251
of which Other amounts receivable: +€93,583
- Profit (loss) carried forward +€86,936
up €86,936 (+42.4%), from €204,880 to €291,816
- Trade debts +€14,527
up €14,527 (+76.0%), from €19,112 to €33,639
- Tax, wage and social debts +€4,111
up €4,111 (+20.9%), from €19,706 to €23,817
of which Taxes: +€4,711
- Gross operating margin +€17,422
up €17,422 (+18.7%), from €92,969 to €110,391
- Taxes +€5,696
up €5,696 (+28.3%), from €20,122 to €25,818
- Financial income +€4,903
up €4,903 (+74.5%), from €6,581 to €11,484
- Financial charges +€2,607
up €2,607 (+88.9%), from €2,931 to €5,538
- Other operating charges -€1,335
down €1,335 (-42.9%), from €3,109 to €1,775
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 | €267,094 | €372,739 | +€105,645 | +39.6% |
| Fixed assets | 21/28 | €2,238 | €1,646 | -€592 | -26.5% |
| Tangible fixed assets | 22/27 | €2,238 | €1,646 | -€592 | -26.5% |
| Furniture and vehicles | 24 | €2,238 | €1,646 | -€592 | -26.5% |
| Current assets | 29/58 | €264,856 | €371,093 | +€106,238 | +40.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,814 | €220,251 | +€107,438 | +95.2% |
| Trade receivables | 40 | €28,783 | €42,638 | +€13,855 | +48.1% |
| Other amounts receivable | 41 | €84,031 | €177,614 | +€93,583 | +111% |
| Cash at bank and in hand | 54/58 | €871 | €0 | -€871 | -100% |
| Deferred charges and accrued income | 490/1 | €1,171 | €842 | -€329 | -28.1% |
| Total equity and liabilities | 10/49 | €267,094 | €372,739 | +€105,645 | +39.6% |
| Equity | 10/15 | €207,380 | €294,316 | +€86,936 | +41.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,880 | €291,816 | +€86,936 | +42.4% |
| Amounts payable | 17/49 | €59,714 | €78,424 | +€18,709 | +31.3% |
| Amounts payable within one year | 42/48 | €59,714 | €78,424 | +€18,709 | +31.3% |
| Financial debts | 43 | €20,896 | €20,968 | +€72 | +0.3% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €896 | €968 | +€72 | +8.0% |
| Trade debts | 44 | €19,112 | €33,639 | +€14,527 | +76.0% |
| Suppliers | 440/4 | €19,112 | €33,639 | +€14,527 | +76.0% |
| Taxes, remuneration and social security | 45 | €19,706 | €23,817 | +€4,111 | +20.9% |
| Taxes | 450/3 | €16,706 | €21,417 | +€4,711 | +28.2% |
| Remuneration and social security | 454/9 | €3,000 | €2,400 | -€600 | -20.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €257 | €0 | -€257 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €1,809 | +€279 | +18.2% |
| Other operating charges | 640/8 | €3,109 | €1,775 | -€1,335 | -42.9% |
| Non-recurring operating charges | 66A | €606 | €0 | -€606 | -100% |
| Gross operating margin | 9900 | €92,969 | €110,391 | +€17,422 | +18.7% |
| Operating profit (loss) | 9901 | €87,724 | €106,808 | +€19,084 | +21.8% |
| Financial income | 75/76B | €6,581 | €11,484 | +€4,903 | +74.5% |
| Recurring financial income | 75 | €6,581 | €11,484 | +€4,903 | +74.5% |
| Financial charges | 65/66B | €2,931 | €5,538 | +€2,607 | +88.9% |
| Recurring financial charges | 65 | €2,931 | €5,538 | +€2,607 | +88.9% |
| Profit (loss) for the period before taxes | 9903 | €91,374 | €112,754 | +€21,380 | +23.4% |
| Income taxes | 67/77 | €20,122 | €25,818 | +€5,696 | +28.3% |
| Profit (loss) for the period | 9904 | €71,252 | €86,936 | +€15,684 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,252 | €86,936 | +€15,684 | +22.0% |
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 17 October 2026 via checked.be.