KAMAGURKA: 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.
KAMAGURKA
Largest movements
- Current investments +€260,676
up €260,676 (+4,882%), from €5,340 to €266,015
- Cash -€239,484
down €239,484 (-52.6%), from €455,027 to €215,543
mainly Current investments (-€260,676) and Debts after one year (-€46,397)
- Receivables within one year +€43,799
up €43,799 (+288%), from €15,229 to €59,028
of which Other amounts receivable: +€48,980
- Reserves +€63,234
up €63,234 (+5.4%), from €1.2m to €1.2m
of which Distributable reserves: +€67,900
- Debts after one year -€46,397
down €46,397 (-10.1%), from €457,618 to €411,221
- Tax, wage and social debts +€25,626
up €25,626 (+107%), from €23,911 to €49,537
of which Taxes: +€26,049
- Financial income -€59,885
down €59,885 (-79.4%), from €75,467 to €15,582
- Gross operating margin +€41,381
up €41,381 (+29.3%), from €141,024 to €182,406
- Taxes +€11,877
up €11,877 (+29.6%), from €40,101 to €51,978
- Other operating charges +€7,470
up €7,470 (+157%), from €4,765 to €12,235
- Depreciation +€4,623
up €4,623 (+9.6%), from €48,077 to €52,699
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 | €1,836,021 | €1,880,698 | +€44,677 | +2.4% |
| Fixed assets | 21/28 | €1,251,426 | €1,240,111 | -€11,314 | -0.9% |
| Tangible fixed assets | 22/27 | €1,161,723 | €1,150,408 | -€11,314 | -1.0% |
| Land and buildings | 22 | €1,133,607 | €1,122,544 | -€11,063 | -1.0% |
| Plant, machinery and equipment | 23 | €9,446 | €8,336 | -€1,110 | -11.8% |
| Furniture and vehicles | 24 | €18,669 | €19,528 | +€859 | +4.6% |
| Financial fixed assets | 28 | €89,703 | €89,703 | = | 0.0% |
| Current assets | 29/58 | €584,595 | €640,587 | +€55,991 | +9.6% |
| Amounts receivable after more than one year | 29 | €109,000 | €100,000 | -€9,000 | -8.3% |
| Other amounts receivable | 291 | €109,000 | €100,000 | -€9,000 | -8.3% |
| Amounts receivable within one year | 40/41 | €15,229 | €59,028 | +€43,799 | +288% |
| Trade receivables | 40 | €5,945 | €764 | -€5,181 | -87.1% |
| Other amounts receivable | 41 | €9,284 | €58,264 | +€48,980 | +528% |
| Current investments | 50/53 | €5,340 | €266,015 | +€260,676 | +4,882% |
| Cash at bank and in hand | 54/58 | €455,027 | €215,543 | -€239,484 | -52.6% |
| Total equity and liabilities | 10/49 | €1,836,021 | €1,880,698 | +€44,677 | +2.4% |
| Equity | 10/15 | €1,183,730 | €1,246,965 | +€63,234 | +5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,165,138 | €1,228,373 | +€63,234 | +5.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €262,731 | €258,066 | -€4,665 | -1.8% |
| Distributable reserves | 133 | €900,548 | €968,448 | +€67,900 | +7.5% |
| Provisions and deferred taxes | 16 | €109,606 | €107,204 | -€2,402 | -2.2% |
| Deferred taxes | 168 | €109,606 | €107,204 | -€2,402 | -2.2% |
| Amounts payable | 17/49 | €542,684 | €526,530 | -€16,155 | -3.0% |
| Amounts payable after more than one year | 17 | €457,618 | €411,221 | -€46,397 | -10.1% |
| Financial debts | 170/4 | €457,618 | €411,221 | -€46,397 | -10.1% |
| Amounts payable within one year | 42/48 | €71,700 | €98,103 | +€26,403 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €45,335 | €46,397 | +€1,062 | +2.3% |
| Trade debts | 44 | €2,454 | €2,169 | -€285 | -11.6% |
| Suppliers | 440/4 | €2,454 | €2,169 | -€285 | -11.6% |
| Taxes, remuneration and social security | 45 | €23,911 | €49,537 | +€25,626 | +107% |
| Taxes | 450/3 | €19,129 | €45,178 | +€26,049 | +136% |
| Remuneration and social security | 454/9 | €4,782 | €4,359 | -€423 | -8.8% |
| Accrued charges and deferred income | 492/3 | €13,366 | €17,205 | +€3,839 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,077 | €52,699 | +€4,623 | +9.6% |
| Other operating charges | 640/8 | €4,765 | €12,235 | +€7,470 | +157% |
| Gross operating margin | 9900 | €141,024 | €182,406 | +€41,381 | +29.3% |
| Operating profit (loss) | 9901 | €88,182 | €117,472 | +€29,289 | +33.2% |
| Financial income | 75/76B | €75,467 | €15,582 | -€59,885 | -79.4% |
| Recurring financial income | 75 | €75,467 | €15,582 | -€59,885 | -79.4% |
| Financial charges | 65/66B | €21,375 | €20,243 | -€1,131 | -5.3% |
| Recurring financial charges | 65 | €21,375 | €20,243 | -€1,131 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €142,275 | €112,810 | -€29,465 | -20.7% |
| Transfer from deferred taxes | 780 | €2,402 | €2,402 | = | 0.0% |
| Income taxes | 67/77 | €40,101 | €51,978 | +€11,877 | +29.6% |
| Profit (loss) for the period | 9904 | €104,576 | €63,234 | -€41,342 | -39.5% |
| Transfer from tax-exempt reserves | 789 | €4,665 | €4,665 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,241 | €67,900 | -€41,342 | -37.8% |
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 27 October 2026 via checked.be.