KAMAAS: 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.
KAMAAS
Largest movements
- Receivables within one year +€11,390
up €11,390 (+48.6%), from €23,443 to €34,832
of which Other amounts receivable: +€34,832
- Cash +€5,379
up €5,379 (+8.2%), from €65,927 to €71,305
mainly Net result for the year (+€16,065) and Deferred charges and accrued income (+€570)
- Profit (loss) carried forward +€16,065
up €16,065 (+6.1%), from -€261,736 to -€245,671
- Gross operating margin +€1,820
up €1,820 (+12.1%), from €15,095 to €16,916
- Financial income +€1,534
up €1,534, from €0 to €1,534
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 | €482,350 | €498,288 | +€15,938 | +3.3% |
| Fixed assets | 21/28 | €391,363 | €391,103 | -€260 | -0.1% |
| Tangible fixed assets | 22/27 | €391,363 | €391,103 | -€260 | -0.1% |
| Land and buildings | 22 | €390,524 | €390,524 | = | 0.0% |
| Plant, machinery and equipment | 23 | €838 | €579 | -€260 | -31.0% |
| Current assets | 29/58 | €90,987 | €107,184 | +€16,198 | +17.8% |
| Amounts receivable within one year | 40/41 | €23,443 | €34,832 | +€11,390 | +48.6% |
| Trade receivables | 40 | €23,443 | €0 | -€23,443 | -100.0% |
| Other amounts receivable | 41 | - | €34,832 | +€34,832 | |
| Cash at bank and in hand | 54/58 | €65,927 | €71,305 | +€5,379 | +8.2% |
| Deferred charges and accrued income | 490/1 | €1,617 | €1,047 | -€570 | -35.3% |
| Total equity and liabilities | 10/49 | €482,350 | €498,288 | +€15,938 | +3.3% |
| Equity | 10/15 | €481,945 | €498,009 | +€16,065 | +3.3% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,736 | -€245,671 | +€16,065 | +6.1% |
| Amounts payable | 17/49 | €405 | €278 | -€127 | -31.3% |
| Amounts payable within one year | 42/48 | €405 | €278 | -€127 | -31.3% |
| Trade debts | 44 | €260 | €278 | +€18 | +7.0% |
| Suppliers | 440/4 | €260 | €278 | +€18 | +7.0% |
| Other amounts payable | 47/48 | €145 | €0 | -€145 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | €260 | = | 0.0% |
| Other operating charges | 640/8 | €2,001 | €2,062 | +€61 | +3.1% |
| Gross operating margin | 9900 | €15,095 | €16,916 | +€1,820 | +12.1% |
| Operating profit (loss) | 9901 | €12,834 | €14,594 | +€1,759 | +13.7% |
| Financial income | 75/76B | €0 | €1,534 | +€1,534 | |
| Recurring financial income | 75 | €0 | €1,534 | +€1,534 | |
| Financial charges | 65/66B | €62 | €64 | +€2 | +2.5% |
| Recurring financial charges | 65 | €62 | €64 | +€2 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €12,773 | €16,065 | +€3,292 | +25.8% |
| Profit (loss) for the period | 9904 | €12,773 | €16,065 | +€3,292 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,773 | €16,065 | +€3,292 | +25.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.