KAMA PROJECTS: 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 PROJECTS
Largest movements
- Cash -€22,469
down €22,469 (-68.7%), from €32,691 to €10,222
mainly Other debts (-€27,140) and Net result for the year (-€21,118)
- Other debts -€27,140
down €27,140 (-23.4%), from €115,997 to €88,857
- Current portion of long-term debt +€25,000
up €25,000 (+10.9%), from €230,000 to €255,000
- Profit (loss) carried forward -€21,118
down €21,118 (-2.5%), from -€831,427 to -€852,545
- Gross operating margin -€101,832
down €101,832, from €96,034 to -€5,798
- Financial charges -€16,558
down €16,558 (-52.1%), from €31,760 to €15,202
- Other operating charges -€2,101
down €2,101 (-94.7%), from €2,219 to €118
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,331 | €326,432 | -€22,899 | -6.6% |
| Current assets | 29/58 | €349,331 | €326,432 | -€22,899 | -6.6% |
| Stocks and contracts in progress | 3 | €313,650 | €313,650 | = | 0.0% |
| Stocks | 30/36 | €313,650 | €313,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,990 | €2,560 | -€431 | -14.4% |
| Trade receivables | 40 | - | €699 | +€699 | |
| Other amounts receivable | 41 | €2,990 | €1,861 | -€1,130 | -37.8% |
| Cash at bank and in hand | 54/58 | €32,691 | €10,222 | -€22,469 | -68.7% |
| Total equity and liabilities | 10/49 | €349,331 | €326,432 | -€22,899 | -6.6% |
| Equity | 10/15 | -€222,917 | -€244,035 | -€21,118 | -9.5% |
| Contributions | 10/11 | €606,200 | €606,200 | = | 0.0% |
| Reserves | 13 | €2,310 | €2,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,310 | €2,310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,310 | €2,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€831,427 | -€852,545 | -€21,118 | -2.5% |
| Amounts payable | 17/49 | €572,248 | €570,467 | -€1,781 | -0.3% |
| Amounts payable after more than one year | 17 | €225,928 | €225,928 | = | 0.0% |
| Other amounts payable | 178/9 | €225,928 | €225,928 | = | 0.0% |
| Amounts payable within one year | 42/48 | €346,320 | €344,539 | -€1,781 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €230,000 | €255,000 | +€25,000 | +10.9% |
| Trade debts | 44 | - | €448 | +€448 | |
| Suppliers | 440/4 | - | €448 | +€448 | |
| Taxes, remuneration and social security | 45 | €323 | €234 | -€89 | -27.6% |
| Taxes | 450/3 | €323 | €234 | -€89 | -27.6% |
| Other amounts payable | 47/48 | €115,997 | €88,857 | -€27,140 | -23.4% |
| Other operating charges | 640/8 | €2,219 | €118 | -€2,101 | -94.7% |
| Gross operating margin | 9900 | €96,034 | -€5,798 | -€101,832 | |
| Operating profit (loss) | 9901 | €93,815 | -€5,916 | -€99,731 | |
| Financial charges | 65/66B | €31,760 | €15,202 | -€16,558 | -52.1% |
| Recurring financial charges | 65 | €31,760 | €15,202 | -€16,558 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €62,055 | -€21,118 | -€83,173 | |
| Profit (loss) for the period | 9904 | €62,055 | -€21,118 | -€83,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,055 | -€21,118 | -€83,173 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.