KAMALIA: 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.
KAMALIA
Largest movements
- Tangible fixed assets -€50,285
down €50,285 (-99.6%), from €50,488 to €203
of which Other tangible fixed assets: -€48,034
- Stocks and contracts -€13,372
down €13,372 (-75.7%), from €17,672 to €4,300
- Financial fixed assets -€1,390
no longer reported in 2025 (was €1,390)
- Profit (loss) carried forward -€63,978
down €63,978 (-37.1%), from -€172,607 to -€236,585
- Other debts +€48,210
up €48,210 (+28.9%), from €166,843 to €215,053
- Current portion of long-term debt -€16,197
no longer reported in 2025 (was €16,197)
- Short-term financial debts -€13,616
no longer reported in 2025 (was €13,616)
- Debts after one year -€8,900
no longer reported in 2025 (was €8,900)
- Other operating charges +€38,678
up €38,678 (+1,518%), from €2,548 to €41,226
- Gross operating margin -€23,741
down €23,741, from €6,781 to -€16,960
- Depreciation -€9,732
down €9,732 (-91.6%), from €10,623 to €891
- Financial charges -€3,029
down €3,029 (-39.0%), from €7,762 to €4,733
- Staff costs -€710
no longer reported in 2025 (was €710)
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 | €70,733 | €5,505 | -€65,228 | -92.2% |
| Fixed assets | 21/28 | €51,878 | €203 | -€51,675 | -99.6% |
| Tangible fixed assets | 22/27 | €50,488 | €203 | -€50,285 | -99.6% |
| Plant, machinery and equipment | 23 | €1,784 | €195 | -€1,589 | -89.1% |
| Furniture and vehicles | 24 | €670 | €8 | -€663 | -98.9% |
| Other tangible fixed assets | 26 | €48,034 | - | -€48,034 | |
| Financial fixed assets | 28 | €1,390 | - | -€1,390 | |
| Current assets | 29/58 | €18,855 | €5,302 | -€13,553 | -71.9% |
| Stocks and contracts in progress | 3 | €17,672 | €4,300 | -€13,372 | -75.7% |
| Stocks | 30/36 | €17,672 | €4,300 | -€13,372 | -75.7% |
| Amounts receivable within one year | 40/41 | €569 | €533 | -€36 | -6.3% |
| Trade receivables | 40 | €569 | €166 | -€402 | -70.7% |
| Other amounts receivable | 41 | - | €366 | +€366 | |
| Cash at bank and in hand | 54/58 | €25 | €55 | +€30 | +120% |
| Deferred charges and accrued income | 490/1 | €589 | €414 | -€175 | -29.7% |
| Total equity and liabilities | 10/49 | €70,733 | €5,505 | -€65,228 | -92.2% |
| Equity | 10/15 | -€154,007 | -€217,985 | -€63,978 | -41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,607 | -€236,585 | -€63,978 | -37.1% |
| Amounts payable | 17/49 | €224,740 | €223,490 | -€1,250 | -0.6% |
| Amounts payable after more than one year | 17 | €8,900 | - | -€8,900 | |
| Financial debts | 170/4 | €8,900 | - | -€8,900 | |
| Amounts payable within one year | 42/48 | €215,841 | €223,490 | +€7,649 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €16,197 | - | -€16,197 | |
| Financial debts | 43 | €13,616 | - | -€13,616 | |
| Credit institutions | 430/8 | €13,616 | - | -€13,616 | |
| Trade debts | 44 | €16,333 | €7,459 | -€8,874 | -54.3% |
| Suppliers | 440/4 | €16,333 | €7,459 | -€8,874 | -54.3% |
| Taxes, remuneration and social security | 45 | €2,852 | €978 | -€1,874 | -65.7% |
| Taxes | 450/3 | €2,852 | €978 | -€1,874 | -65.7% |
| Other amounts payable | 47/48 | €166,843 | €215,053 | +€48,210 | +28.9% |
| Remuneration, social security and pensions | 62 | €710 | - | -€710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,623 | €891 | -€9,732 | -91.6% |
| Other operating charges | 640/8 | €2,548 | €41,226 | +€38,678 | +1,518% |
| Gross operating margin | 9900 | €6,781 | -€16,960 | -€23,741 | |
| Operating profit (loss) | 9901 | -€7,100 | -€59,076 | -€51,977 | -732% |
| Financial income | 75/76B | €0 | €235 | +€235 | +156,513% |
| Recurring financial income | 75 | €0 | €235 | +€235 | +156,513% |
| Financial charges | 65/66B | €7,762 | €4,733 | -€3,029 | -39.0% |
| Recurring financial charges | 65 | €7,762 | €4,733 | -€3,029 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,861 | -€63,575 | -€48,713 | -328% |
| Income taxes | 67/77 | €425 | €403 | -€22 | -5.2% |
| Profit (loss) for the period | 9904 | -€15,287 | -€63,978 | -€48,691 | -319% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,287 | -€63,978 | -€48,691 | -319% |
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 16 October 2026 via checked.be.