KAMALOTTE: 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.
KAMALOTTE
Largest movements
- Receivables within one year +€74,144
up €74,144 (+320%), from €23,164 to €97,309
of which Other amounts receivable: +€67,086
- Cash +€31,843
up €31,843 (+1,793%), from €1,776 to €33,619
mainly Net result for the year (+€144,780) and Depreciation (+€59,271)
- Tangible fixed assets -€27,327
down €27,327 (-1.9%), from €1.4m to €1.4m
of which Land and buildings: -€50,844
- Financial fixed assets +€23,000
up €23,000 (+6.4%), from €361,051 to €384,051
- Reserves +€144,780
up €144,780 (+18.1%), from €800,682 to €945,462
- Debts after one year -€66,808
down €66,808 (-11.7%), from €571,791 to €504,982
- Gross operating margin -€36,390
down €36,390 (-44.3%), from €82,232 to €45,842
- Financial income +€22,919
up €22,919 (+13.2%), from €173,481 to €196,400
- Financial charges -€8,667
down €8,667 (-33.4%), from €25,946 to €17,280
- Depreciation +€1,831
up €1,831 (+3.2%), from €57,440 to €59,271
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 | €1,832,583 | €1,935,655 | +€103,073 | +5.6% |
| Fixed assets | 21/28 | €1,807,642 | €1,803,315 | -€4,327 | -0.2% |
| Tangible fixed assets | 22/27 | €1,446,591 | €1,419,264 | -€27,327 | -1.9% |
| Land and buildings | 22 | €1,446,072 | €1,395,229 | -€50,844 | -3.5% |
| Furniture and vehicles | 24 | €519 | €24,035 | +€23,517 | +4,533% |
| Financial fixed assets | 28 | €361,051 | €384,051 | +€23,000 | +6.4% |
| Current assets | 29/58 | €24,940 | €132,340 | +€107,400 | +431% |
| Amounts receivable within one year | 40/41 | €23,164 | €97,309 | +€74,144 | +320% |
| Trade receivables | 40 | - | €7,058 | +€7,058 | |
| Other amounts receivable | 41 | €23,164 | €90,250 | +€67,086 | +290% |
| Cash at bank and in hand | 54/58 | €1,776 | €33,619 | +€31,843 | +1,793% |
| Deferred charges and accrued income | 490/1 | - | €1,413 | +€1,413 | |
| Total equity and liabilities | 10/49 | €1,832,583 | €1,935,655 | +€103,073 | +5.6% |
| Equity | 10/15 | €1,161,682 | €1,306,462 | +€144,780 | +12.5% |
| Contributions | 10/11 | €361,000 | €361,000 | = | 0.0% |
| Reserves | 13 | €800,682 | €945,462 | +€144,780 | +18.1% |
| Distributable reserves | 133 | €800,682 | €945,462 | +€144,780 | +18.1% |
| Amounts payable | 17/49 | €670,901 | €629,193 | -€41,708 | -6.2% |
| Amounts payable after more than one year | 17 | €571,791 | €504,982 | -€66,808 | -11.7% |
| Financial debts | 170/4 | €571,791 | €504,982 | -€66,808 | -11.7% |
| Amounts payable within one year | 42/48 | €96,395 | €122,825 | +€26,430 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €67,727 | €67,753 | +€26 | 0.0% |
| Trade debts | 44 | €1,141 | €730 | -€411 | -36.0% |
| Suppliers | 440/4 | €1,141 | €730 | -€411 | -36.0% |
| Taxes, remuneration and social security | 45 | €20,755 | €36,708 | +€15,953 | +76.9% |
| Taxes | 450/3 | €20,755 | €35,058 | +€14,303 | +68.9% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €6,773 | €17,635 | +€10,862 | +160% |
| Accrued charges and deferred income | 492/3 | €2,715 | €1,386 | -€1,329 | -49.0% |
| Non-recurring operating income | 76A | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,440 | €59,271 | +€1,831 | +3.2% |
| Other operating charges | 640/8 | €5,983 | €6,153 | +€170 | +2.8% |
| Non-recurring operating charges | 66A | €1,922 | - | -€1,922 | |
| Gross operating margin | 9900 | €82,232 | €45,842 | -€36,390 | -44.3% |
| Operating profit (loss) | 9901 | €16,888 | -€19,582 | -€36,471 | |
| Financial income | 75/76B | €173,481 | €196,400 | +€22,919 | +13.2% |
| Recurring financial income | 75 | €173,481 | €196,400 | +€22,919 | +13.2% |
| Financial charges | 65/66B | €25,946 | €17,280 | -€8,667 | -33.4% |
| Recurring financial charges | 65 | €25,946 | €17,280 | -€8,667 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €164,423 | €159,538 | -€4,885 | -3.0% |
| Income taxes | 67/77 | €15,222 | €14,757 | -€465 | -3.1% |
| Profit (loss) for the period | 9904 | €149,201 | €144,780 | -€4,421 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,201 | €144,780 | -€4,421 | -3.0% |
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 26 October 2026 via checked.be.