KAMAT: 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.
KAMAT
Largest movements
- Cash +€19,393
up €19,393 (+49.5%), from €39,207 to €58,600
mainly Net result for the year (+€19,987) and Depreciation (+€2,860)
- Tangible fixed assets -€1,762
down €1,762 (-26.1%), from €6,758 to €4,996
- Profit (loss) carried forward +€19,987
up €19,987 (+43.6%), from €45,808 to €65,795
- Trade debts -€2,610
down €2,610 (-66.7%), from €3,910 to €1,300
- Gross operating margin -€35,518
down €35,518 (-52.0%), from €68,305 to €32,787
- Taxes -€5,843
down €5,843 (-50.8%), from €11,497 to €5,654
- Financial charges -€5,106
down €5,106 (-53.8%), from €9,491 to €4,384
- Depreciation +€1,351
up €1,351 (+89.5%), from €1,509 to €2,860
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 | €52,715 | €70,092 | +€17,377 | +33.0% |
| Fixed assets | 21/28 | €6,758 | €4,996 | -€1,762 | -26.1% |
| Tangible fixed assets | 22/27 | €6,758 | €4,996 | -€1,762 | -26.1% |
| Furniture and vehicles | 24 | €6,758 | €4,996 | -€1,762 | -26.1% |
| Current assets | 29/58 | €45,957 | €65,096 | +€19,139 | +41.6% |
| Amounts receivable within one year | 40/41 | €6,750 | €6,496 | -€254 | -3.8% |
| Trade receivables | 40 | €4,486 | - | -€4,486 | |
| Other amounts receivable | 41 | €2,264 | €6,496 | +€4,233 | +187% |
| Cash at bank and in hand | 54/58 | €39,207 | €58,600 | +€19,393 | +49.5% |
| Total equity and liabilities | 10/49 | €52,715 | €70,092 | +€17,377 | +33.0% |
| Equity | 10/15 | €47,308 | €67,295 | +€19,987 | +42.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,808 | €65,795 | +€19,987 | +43.6% |
| Amounts payable | 17/49 | €5,407 | €2,797 | -€2,610 | -48.3% |
| Amounts payable within one year | 42/48 | €5,407 | €2,797 | -€2,610 | -48.3% |
| Trade debts | 44 | €3,910 | €1,300 | -€2,610 | -66.7% |
| Suppliers | 440/4 | €3,910 | €1,300 | -€2,610 | -66.7% |
| Taxes, remuneration and social security | 45 | €1,497 | €1,497 | = | 0.0% |
| Taxes | 450/3 | €1,497 | €1,497 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,509 | €2,860 | +€1,351 | +89.5% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €68,305 | €32,787 | -€35,518 | -52.0% |
| Operating profit (loss) | 9901 | €66,796 | €29,540 | -€37,256 | -55.8% |
| Financial income | 75/76B | - | €486 | +€486 | |
| Recurring financial income | 75 | - | €486 | +€486 | |
| Financial charges | 65/66B | €9,491 | €4,384 | -€5,106 | -53.8% |
| Recurring financial charges | 65 | €9,491 | €4,384 | -€5,106 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €57,305 | €25,641 | -€31,664 | -55.3% |
| Income taxes | 67/77 | €11,497 | €5,654 | -€5,843 | -50.8% |
| Profit (loss) for the period | 9904 | €45,808 | €19,987 | -€25,821 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,808 | €19,987 | -€25,821 | -56.4% |
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 17 October 2026 via checked.be.