KAMAFI: 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.
KAMAFI
Largest movements
- Receivables after one year +€35,000
up €35,000 (+63.6%), from €55,000 to €90,000
- Intangible fixed assets -€8,000
down €8,000 (-19.6%), from €40,917 to €32,917
- Tangible fixed assets -€7,037
down €7,037 (-38.2%), from €18,408 to €11,371
- Receivables within one year +€5,405
up €5,405 (+9.2%), from €58,833 to €64,239
of which Other amounts receivable: +€17,951
- Reserves +€34,000
up €34,000 (+61.2%), from €55,550 to €89,550
of which Distributable reserves: +€34,000
- Debts after one year -€16,264
down €16,264 (-28.2%), from €57,628 to €41,364
- Tax, wage and social debts +€5,743
up €5,743 (+55.6%), from €10,335 to €16,078
- Taxes +€7,661
up €7,661, from -€1,161 to €6,500
- Depreciation +€4,066
up €4,066 (+37.1%), from €10,971 to €15,037
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 | €177,562 | €201,759 | +€24,197 | +13.6% |
| Fixed assets | 21/28 | €59,325 | €44,288 | -€15,037 | -25.3% |
| Intangible fixed assets | 21 | €40,917 | €32,917 | -€8,000 | -19.6% |
| Tangible fixed assets | 22/27 | €18,408 | €11,371 | -€7,037 | -38.2% |
| Furniture and vehicles | 24 | €18,408 | €11,371 | -€7,037 | -38.2% |
| Current assets | 29/58 | €118,237 | €157,471 | +€39,234 | +33.2% |
| Amounts receivable after more than one year | 29 | €55,000 | €90,000 | +€35,000 | +63.6% |
| Trade receivables | 290 | €55,000 | €90,000 | +€35,000 | +63.6% |
| Amounts receivable within one year | 40/41 | €58,833 | €64,239 | +€5,405 | +9.2% |
| Trade receivables | 40 | €13,481 | €935 | -€12,546 | -93.1% |
| Other amounts receivable | 41 | €45,352 | €63,303 | +€17,951 | +39.6% |
| Cash at bank and in hand | 54/58 | €4,404 | €3,233 | -€1,172 | -26.6% |
| Total equity and liabilities | 10/49 | €177,562 | €201,759 | +€24,197 | +13.6% |
| Equity | 10/15 | €77,866 | €110,766 | +€32,900 | +42.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,550 | €89,550 | +€34,000 | +61.2% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550 | €550 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €89,000 | +€34,000 | +61.8% |
| Profit (loss) carried forward | 14 | €9,916 | €8,816 | -€1,100 | -11.1% |
| Amounts payable | 17/49 | €99,696 | €90,993 | -€8,703 | -8.7% |
| Amounts payable after more than one year | 17 | €57,628 | €41,364 | -€16,264 | -28.2% |
| Financial debts | 170/4 | €57,628 | €41,364 | -€16,264 | -28.2% |
| Amounts payable within one year | 42/48 | €42,068 | €49,629 | +€7,561 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €14,460 | €16,264 | +€1,804 | +12.5% |
| Trade debts | 44 | €177 | €190 | +€13 | +7.6% |
| Suppliers | 440/4 | €177 | €190 | +€13 | +7.6% |
| Advances received on contracts in progress | 46 | €17,098 | €17,098 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,335 | €16,078 | +€5,743 | +55.6% |
| Taxes | 450/3 | €10,335 | €16,078 | +€5,743 | +55.6% |
| Turnover | 70 | €89,223 | €88,899 | -€324 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,971 | €15,037 | +€4,066 | +37.1% |
| Other operating charges | 640/8 | €549 | €580 | +€30 | +5.5% |
| Non-recurring operating charges | 66A | €506 | - | -€506 | |
| Gross operating margin | 9900 | €55,785 | €55,056 | -€729 | -1.3% |
| Operating profit (loss) | 9901 | €43,759 | €39,439 | -€4,320 | -9.9% |
| Financial income | 75/76B | €1,100 | €1,807 | +€707 | +64.3% |
| Recurring financial income | 75 | €1,100 | €1,807 | +€707 | +64.3% |
| Financial charges | 65/66B | €1,905 | €2,247 | +€342 | +17.9% |
| Recurring financial charges | 65 | €1,905 | €2,247 | +€342 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €42,954 | €39,000 | -€3,955 | -9.2% |
| Income taxes | 67/77 | -€1,161 | €6,500 | +€7,661 | |
| Profit (loss) for the period | 9904 | €44,115 | €32,500 | -€11,615 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,115 | €32,500 | -€11,615 | -26.3% |
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 7 October 2026 via checked.be.