KAMARAD: 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.
KAMARAD
Largest movements
- Tangible fixed assets +€31,314
up €31,314 (+247.4%), from €12,660 to €43,974
of which Furniture and vehicles: +€25,199
- Cash -€10,910
down €10,910 (-71.0%), from €15,362 to €4,452
mainly Investment in fixed assets (net) (-€31,314) and Trade debts (-€15,692)
- Profit (loss) carried forward +€16,162
up €16,162 (+25.1%), from €64,318 to €80,479
- Current portion of long-term debt +€16,157
up €16,157 (+142.3%), from €11,355 to €27,511
- Trade debts -€15,692
down €15,692 (-90.3%), from €17,386 to €1,695
- Debts after one year +€2,736
up €2,736 (+22.3%), from €12,287 to €15,023
- Gross operating margin -€20,032
down €20,032 (-47.2%), from €42,439 to €22,407
- Depreciation -€5,939
no longer reported in 2025 (was €5,939)
- Taxes -€2,736
down €2,736 (-35.1%), from €7,804 to €5,068
- Other operating charges +€2,022
up €2,022 (+345.3%), from €585 to €2,607
- Financial charges -€465
down €465 (-19.8%), from €2,344 to €1,879
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.
Cash bridge derived
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 | €121,828 | €142,565 | +€20,737 | +17.0% |
| Fixed assets | 21/28 | €12,660 | €43,974 | +€31,314 | +247.4% |
| Tangible fixed assets | 22/27 | €12,660 | €43,974 | +€31,314 | +247.4% |
| Plant, machinery and equipment | 23 | - | €6,116 | +€6,116 | |
| Furniture and vehicles | 24 | €12,660 | €37,858 | +€25,199 | +199.0% |
| Current assets | 29/58 | €109,168 | €98,591 | -€10,578 | -9.7% |
| Amounts receivable within one year | 40/41 | €93,334 | €93,555 | +€221 | +0.2% |
| Trade receivables | 40 | €24,868 | €34,751 | +€9,883 | +39.7% |
| Other amounts receivable | 41 | €68,466 | €58,804 | -€9,662 | -14.1% |
| Cash at bank and in hand | 54/58 | €15,362 | €4,452 | -€10,910 | -71.0% |
| Deferred charges and accrued income | 490/1 | €472 | €583 | +€112 | +23.6% |
| Total equity and liabilities | 10/49 | €121,828 | €142,565 | +€20,737 | +17.0% |
| Equity | 10/15 | €69,318 | €85,479 | +€16,162 | +23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,318 | €80,479 | +€16,162 | +25.1% |
| Amounts payable | 17/49 | €52,511 | €57,086 | +€4,575 | +8.7% |
| Amounts payable after more than one year | 17 | €12,287 | €15,023 | +€2,736 | +22.3% |
| Financial debts | 170/4 | €12,287 | €15,023 | +€2,736 | +22.3% |
| Amounts payable within one year | 42/48 | €40,224 | €42,063 | +€1,840 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €11,355 | €27,511 | +€16,157 | +142.3% |
| Trade debts | 44 | €17,386 | €1,695 | -€15,692 | -90.3% |
| Suppliers | 440/4 | €17,386 | €1,695 | -€15,692 | -90.3% |
| Taxes, remuneration and social security | 45 | €11,482 | €12,857 | +€1,375 | +12.0% |
| Taxes | 450/3 | €11,482 | €12,857 | +€1,375 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,939 | - | -€5,939 | |
| Other operating charges | 640/8 | €585 | €2,607 | +€2,022 | +345.3% |
| Gross operating margin | 9900 | €42,439 | €22,407 | -€20,032 | -47.2% |
| Operating profit (loss) | 9901 | €35,915 | €19,800 | -€16,115 | -44.9% |
| Financial income | 75/76B | €3,095 | €3,308 | +€214 | +6.9% |
| Recurring financial income | 75 | €3,095 | €3,308 | +€214 | +6.9% |
| Financial charges | 65/66B | €2,344 | €1,879 | -€465 | -19.8% |
| Recurring financial charges | 65 | €2,344 | €1,879 | -€465 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €36,666 | €21,230 | -€15,436 | -42.1% |
| Income taxes | 67/77 | €7,804 | €5,068 | -€2,736 | -35.1% |
| Profit (loss) for the period | 9904 | €28,862 | €16,162 | -€12,700 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,862 | €16,162 | -€12,700 | -44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.