KAMARKO: 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.
KAMARKO
Largest movements
- Tangible fixed assets +€95,624
up €95,624 (+13.1%), from €730,371 to €825,994
of which Furniture and vehicles: +€108,809
- Receivables within one year -€46,488
down €46,488 (-96.9%), from €47,958 to €1,469
- Other debts +€89,196
up €89,196 (+26.9%), from €332,189 to €421,385
- Profit (loss) carried forward -€44,409
down €44,409 (-66.7%), from €66,552 to €22,143
- Reserves -€40,751
down €40,751 (-17.3%), from €236,097 to €195,346
of which Distributable reserves: -€40,751
- Debts after one year +€34,331
up €34,331 (+31.5%), from €109,052 to €143,383
- Current portion of long-term debt +€10,476
up €10,476 (+27.6%), from €38,011 to €48,487
- Gross operating margin -€30,305
down €30,305 (-33.6%), from €90,217 to €59,911
- Depreciation +€29,039
up €29,039 (+134.3%), from €21,624 to €50,662
- Taxes +€17,637
up €17,637 (+101.7%), from €17,341 to €34,978
- Financial charges +€9,794
up €9,794 (+176.6%), from €5,545 to €15,339
- Other operating charges +€1,591
up €1,591 (+90.5%), from €1,758 to €3,349
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 | €802,131 | €851,678 | +€49,546 | +6.2% |
| Fixed assets | 21/28 | €730,473 | €826,097 | +€95,624 | +13.1% |
| Tangible fixed assets | 22/27 | €730,371 | €825,994 | +€95,624 | +13.1% |
| Plant, machinery and equipment | 23 | €26,821 | €21,565 | -€5,256 | -19.6% |
| Furniture and vehicles | 24 | €1,356 | €110,166 | +€108,809 | +8023.1% |
| Other tangible fixed assets | 26 | €702,194 | €694,264 | -€7,930 | -1.1% |
| Financial fixed assets | 28 | €102 | €102 | = | 0.0% |
| Current assets | 29/58 | €71,658 | €25,581 | -€46,077 | -64.3% |
| Amounts receivable within one year | 40/41 | €47,958 | €1,469 | -€46,488 | -96.9% |
| Trade receivables | 40 | €47,958 | €1,469 | -€46,488 | -96.9% |
| Cash at bank and in hand | 54/58 | €23,701 | €24,112 | +€411 | +1.7% |
| Total equity and liabilities | 10/49 | €802,131 | €851,678 | +€49,546 | +6.2% |
| Equity | 10/15 | €309,472 | €224,312 | -€85,160 | -27.5% |
| Contributions | 10/11 | €6,823 | €6,823 | = | 0.0% |
| Reserves | 13 | €236,097 | €195,346 | -€40,751 | -17.3% |
| Tax-exempt reserves | 132 | €1,346 | €1,346 | = | 0.0% |
| Distributable reserves | 133 | €234,751 | €194,000 | -€40,751 | -17.4% |
| Profit (loss) carried forward | 14 | €66,552 | €22,143 | -€44,409 | -66.7% |
| Amounts payable | 17/49 | €492,659 | €627,366 | +€134,706 | +27.3% |
| Amounts payable after more than one year | 17 | €109,052 | €143,383 | +€34,331 | +31.5% |
| Financial debts | 170/4 | €109,052 | €143,383 | +€34,331 | +31.5% |
| Amounts payable within one year | 42/48 | €382,097 | €482,438 | +€100,340 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €38,011 | €48,487 | +€10,476 | +27.6% |
| Trade debts | 44 | €1,298 | €7,088 | +€5,790 | +446.0% |
| Suppliers | 440/4 | €1,298 | €7,088 | +€5,790 | +446.0% |
| Taxes, remuneration and social security | 45 | €10,599 | €5,478 | -€5,121 | -48.3% |
| Taxes | 450/3 | €10,599 | €5,478 | -€5,121 | -48.3% |
| Other amounts payable | 47/48 | €332,189 | €421,385 | +€89,196 | +26.9% |
| Accrued charges and deferred income | 492/3 | €1,510 | €1,545 | +€35 | +2.3% |
| Non-recurring operating income | 76A | €10,956 | - | -€10,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,624 | €50,662 | +€29,039 | +134.3% |
| Other operating charges | 640/8 | €1,758 | €3,349 | +€1,591 | +90.5% |
| Gross operating margin | 9900 | €90,217 | €59,911 | -€30,305 | -33.6% |
| Operating profit (loss) | 9901 | €66,835 | €5,900 | -€60,935 | -91.2% |
| Financial income | 75/76B | €249 | €8 | -€241 | -97.0% |
| Recurring financial income | 75 | €249 | €8 | -€241 | -97.0% |
| Financial charges | 65/66B | €5,545 | €15,339 | +€9,794 | +176.6% |
| Recurring financial charges | 65 | €5,545 | €15,339 | +€9,794 | +176.6% |
| Profit (loss) for the period before taxes | 9903 | €61,539 | -€9,431 | -€70,970 | |
| Income taxes | 67/77 | €17,341 | €34,978 | +€17,637 | +101.7% |
| Profit (loss) for the period | 9904 | €44,198 | -€44,409 | -€88,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,198 | -€44,409 | -€88,607 |
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 12 October 2026 via checked.be.