KAMAJI: 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.
KAMAJI
Largest movements
- Cash -€14,877
down €14,877 (-8.4%), from €178,064 to €163,187
mainly Contributions, distributions and other (-€55,572) and Trade debts (-€7,325)
- Deferred charges and accrued income -€7,913
down €7,913 (-28.4%), from €27,867 to €19,954
- Reserves -€8,957
down €8,957 (-3.2%), from €277,065 to €268,108
of which Distributable reserves: -€8,957
- Trade debts -€7,325
down €7,325 (-27.1%), from €27,048 to €19,723
- Tax, wage and social debts -€5,954
down €5,954 (-44.1%), from €13,491 to €7,537
of which Taxes: -€6,258
- Gross operating margin +€11,205
up €11,205 (+17.7%), from €63,435 to €74,641
- Taxes +€2,932
up €2,932 (+18.3%), from €16,021 to €18,953
- Financial income -€1,138
down €1,138 (-89.0%), from €1,278 to €140
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 | €325,661 | €303,234 | -€22,427 | -6.9% |
| Fixed assets | 21/28 | €22,671 | €20,585 | -€2,085 | -9.2% |
| Tangible fixed assets | 22/27 | €22,671 | €20,585 | -€2,085 | -9.2% |
| Plant, machinery and equipment | 23 | €5,196 | €6,162 | +€965 | +18.6% |
| Furniture and vehicles | 24 | €17,475 | €14,424 | -€3,051 | -17.5% |
| Current assets | 29/58 | €302,991 | €282,649 | -€20,342 | -6.7% |
| Stocks and contracts in progress | 3 | €162 | €214 | +€53 | +32.5% |
| Stocks | 30/36 | €162 | €214 | +€53 | +32.5% |
| Amounts receivable within one year | 40/41 | €96,898 | €99,294 | +€2,396 | +2.5% |
| Trade receivables | 40 | €71,956 | €85,533 | +€13,577 | +18.9% |
| Other amounts receivable | 41 | €24,942 | €13,761 | -€11,181 | -44.8% |
| Cash at bank and in hand | 54/58 | €178,064 | €163,187 | -€14,877 | -8.4% |
| Deferred charges and accrued income | 490/1 | €27,867 | €19,954 | -€7,913 | -28.4% |
| Total equity and liabilities | 10/49 | €325,661 | €303,234 | -€22,427 | -6.9% |
| Equity | 10/15 | €283,265 | €274,308 | -€8,957 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €277,065 | €268,108 | -€8,957 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €275,205 | €266,248 | -€8,957 | -3.3% |
| Amounts payable | 17/49 | €42,396 | €28,926 | -€13,470 | -31.8% |
| Amounts payable within one year | 42/48 | €41,659 | €28,926 | -€12,733 | -30.6% |
| Trade debts | 44 | €27,048 | €19,723 | -€7,325 | -27.1% |
| Suppliers | 440/4 | €27,048 | €19,723 | -€7,325 | -27.1% |
| Taxes, remuneration and social security | 45 | €13,491 | €7,537 | -€5,954 | -44.1% |
| Taxes | 450/3 | €13,491 | €7,233 | -€6,258 | -46.4% |
| Remuneration and social security | 454/9 | - | €304 | +€304 | |
| Other amounts payable | 47/48 | €1,120 | €1,666 | +€546 | +48.8% |
| Accrued charges and deferred income | 492/3 | €737 | - | -€737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,312 | €5,360 | +€48 | +0.9% |
| Other operating charges | 640/8 | €655 | €692 | +€38 | +5.8% |
| Non-recurring operating charges | 66A | €979 | €265 | -€714 | -72.9% |
| Gross operating margin | 9900 | €63,435 | €74,641 | +€11,205 | +17.7% |
| Operating profit (loss) | 9901 | €56,490 | €68,323 | +€11,834 | +20.9% |
| Financial income | 75/76B | €1,278 | €140 | -€1,138 | -89.0% |
| Recurring financial income | 75 | €1,278 | €140 | -€1,138 | -89.0% |
| Financial charges | 65/66B | €3,433 | €2,896 | -€537 | -15.6% |
| Recurring financial charges | 65 | €3,433 | €2,896 | -€537 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €54,335 | €65,568 | +€11,233 | +20.7% |
| Income taxes | 67/77 | €16,021 | €18,953 | +€2,932 | +18.3% |
| Profit (loss) for the period | 9904 | €38,314 | €46,615 | +€8,301 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,314 | €46,615 | +€8,301 | +21.7% |
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 28 October 2026 via checked.be.