KAMDRI: 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.
KAMDRI
Largest movements
- Cash -€57,006
down €57,006 (-63.8%), from €89,375 to €32,369
mainly Investment in fixed assets (net) (-€73,390) and Current portion of long-term debt (-€42,856)
- Tangible fixed assets +€34,663
up €34,663 (+15.9%), from €217,493 to €252,157
of which Plant, machinery and equipment: +€30,503
- Stocks and contracts +€20,572
up €20,572 (+9.0%), from €228,331 to €248,903
- Reserves +€48,918
up €48,918 (+168%), from €29,184 to €78,103
of which Distributable reserves: +€48,918
- Current portion of long-term debt -€42,856
down €42,856 (-38.5%), from €111,362 to €68,506
- Tax, wage and social debts +€21,347
up €21,347 (+31.5%), from €67,853 to €89,200
of which Remuneration and social security: +€13,554
- Trade debts -€18,304
down €18,304 (-13.9%), from €132,146 to €113,842
- Other debts -€11,292
down €11,292 (-15.6%), from €72,487 to €61,195
- Gross operating margin +€103,715
up €103,715 (+19.6%), from €528,899 to €632,614
- Staff costs +€84,460
up €84,460 (+20.9%), from €403,396 to €487,857
- Depreciation +€23,909
up €23,909 (+130%), from €18,357 to €42,267
- Financial charges +€7,587
up €7,587 (+42.8%), from €17,736 to €25,323
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 | €664,828 | €664,586 | -€243 | 0.0% |
| Fixed assets | 21/28 | €226,173 | €257,297 | +€31,123 | +13.8% |
| Tangible fixed assets | 22/27 | €217,493 | €252,157 | +€34,663 | +15.9% |
| Plant, machinery and equipment | 23 | €104,919 | €135,422 | +€30,503 | +29.1% |
| Furniture and vehicles | 24 | €24,613 | €38,681 | +€14,068 | +57.2% |
| Other tangible fixed assets | 26 | €87,962 | €78,054 | -€9,908 | -11.3% |
| Financial fixed assets | 28 | €8,680 | €5,140 | -€3,540 | -40.8% |
| Current assets | 29/58 | €438,655 | €407,289 | -€31,366 | -7.2% |
| Stocks and contracts in progress | 3 | €228,331 | €248,903 | +€20,572 | +9.0% |
| Stocks | 30/36 | €228,331 | €248,903 | +€20,572 | +9.0% |
| Amounts receivable within one year | 40/41 | €99,419 | €97,614 | -€1,806 | -1.8% |
| Trade receivables | 40 | €60,582 | €79,775 | +€19,193 | +31.7% |
| Other amounts receivable | 41 | €38,837 | €17,838 | -€20,999 | -54.1% |
| Current investments | 50/53 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €89,375 | €32,369 | -€57,006 | -63.8% |
| Deferred charges and accrued income | 490/1 | €6,530 | €10,404 | +€3,874 | +59.3% |
| Total equity and liabilities | 10/49 | €664,828 | €664,586 | -€243 | 0.0% |
| Equity | 10/15 | €119,184 | €168,103 | +€48,918 | +41.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €29,184 | €78,103 | +€48,918 | +168% |
| Tax-exempt reserves | 132 | €381 | €381 | = | 0.0% |
| Distributable reserves | 133 | €28,804 | €77,722 | +€48,918 | +170% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €545,644 | €496,483 | -€49,161 | -9.0% |
| Amounts payable after more than one year | 17 | €161,588 | €163,739 | +€2,152 | +1.3% |
| Financial debts | 170/4 | €161,588 | €163,739 | +€2,152 | +1.3% |
| Amounts payable within one year | 42/48 | €383,848 | €332,744 | -€51,104 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €111,362 | €68,506 | -€42,856 | -38.5% |
| Trade debts | 44 | €132,146 | €113,842 | -€18,304 | -13.9% |
| Suppliers | 440/4 | €132,146 | €113,842 | -€18,304 | -13.9% |
| Taxes, remuneration and social security | 45 | €67,853 | €89,200 | +€21,347 | +31.5% |
| Taxes | 450/3 | €440 | €8,233 | +€7,793 | +1,771% |
| Remuneration and social security | 454/9 | €67,413 | €80,967 | +€13,554 | +20.1% |
| Other amounts payable | 47/48 | €72,487 | €61,195 | -€11,292 | -15.6% |
| Accrued charges and deferred income | 492/3 | €208 | €0 | -€208 | -100% |
| Remuneration, social security and pensions | 62 | €403,396 | €487,857 | +€84,460 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,357 | €42,267 | +€23,909 | +130% |
| Other operating charges | 640/8 | €93 | €3,075 | +€2,982 | +3,214% |
| Gross operating margin | 9900 | €528,899 | €632,614 | +€103,715 | +19.6% |
| Operating profit (loss) | 9901 | €107,053 | €99,416 | -€7,636 | -7.1% |
| Financial income | 75/76B | €887 | €480 | -€406 | -45.8% |
| Recurring financial income | 75 | €887 | €480 | -€406 | -45.8% |
| Financial charges | 65/66B | €17,736 | €25,323 | +€7,587 | +42.8% |
| Recurring financial charges | 65 | €17,736 | €25,323 | +€7,587 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €90,204 | €74,574 | -€15,630 | -17.3% |
| Income taxes | 67/77 | €20,487 | €25,655 | +€5,169 | +25.2% |
| Profit (loss) for the period | 9904 | €69,717 | €48,918 | -€20,799 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,717 | €48,918 | -€20,799 | -29.8% |
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 14 October 2026 via checked.be.