KAMEL MARKET: 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.
KAMEL MARKET
Largest movements
- Cash +€14,565
up €14,565 (+231%), from €6,296 to €20,861
- Stocks and contracts +€4,000
up €4,000 (+27.1%), from €14,745 to €18,745
- Tangible fixed assets -€3,958
down €3,958 (-37.5%), from €10,556 to €6,597
- Deferred charges and accrued income +€1,713
new in 2025: €1,713
- Trade debts +€14,058
up €14,058 (+566%), from €2,485 to €16,543
- Profit (loss) carried forward +€8,812
up €8,812, from -€7,837 to €975
- Tax, wage and social debts -€6,663
down €6,663 (-36.6%), from €18,182 to €11,519
of which Remuneration and social security: -€3,576
- Staff costs +€10,951
up €10,951 (+39.3%), from €27,849 to €38,800
- Gross operating margin +€9,609
up €9,609 (+29.6%), from €32,473 to €42,081
- Depreciation +€1,319
up €1,319 (+100%), from €1,319 to €2,639
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,290 | €49,497 | +€16,207 | +48.7% |
| Fixed assets | 21/28 | €10,556 | €6,597 | -€3,958 | -37.5% |
| Tangible fixed assets | 22/27 | €10,556 | €6,597 | -€3,958 | -37.5% |
| Furniture and vehicles | 24 | €10,556 | €6,597 | -€3,958 | -37.5% |
| Current assets | 29/58 | €22,734 | €42,900 | +€20,165 | +88.7% |
| Stocks and contracts in progress | 3 | €14,745 | €18,745 | +€4,000 | +27.1% |
| Stocks | 30/36 | €14,745 | €18,745 | +€4,000 | +27.1% |
| Amounts receivable within one year | 40/41 | €1,693 | €1,581 | -€113 | -6.7% |
| Other amounts receivable | 41 | €1,693 | €1,581 | -€113 | -6.7% |
| Cash at bank and in hand | 54/58 | €6,296 | €20,861 | +€14,565 | +231% |
| Deferred charges and accrued income | 490/1 | - | €1,713 | +€1,713 | |
| Total equity and liabilities | 10/49 | €33,290 | €49,497 | +€16,207 | +48.7% |
| Equity | 10/15 | €12,623 | €21,435 | +€8,812 | +69.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,837 | €975 | +€8,812 | |
| Amounts payable | 17/49 | €20,667 | €28,062 | +€7,395 | +35.8% |
| Amounts payable within one year | 42/48 | €20,667 | €28,062 | +€7,395 | +35.8% |
| Trade debts | 44 | €2,485 | €16,543 | +€14,058 | +566% |
| Suppliers | 440/4 | €2,485 | €16,543 | +€14,058 | +566% |
| Taxes, remuneration and social security | 45 | €18,182 | €11,519 | -€6,663 | -36.6% |
| Taxes | 450/3 | €11,571 | €8,485 | -€3,086 | -26.7% |
| Remuneration and social security | 454/9 | €6,611 | €3,035 | -€3,576 | -54.1% |
| Remuneration, social security and pensions | 62 | €27,849 | €38,800 | +€10,951 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,319 | €2,639 | +€1,319 | +100% |
| Other operating charges | 640/8 | €335 | - | -€335 | |
| Gross operating margin | 9900 | €32,473 | €42,081 | +€9,609 | +29.6% |
| Operating profit (loss) | 9901 | €2,969 | €642 | -€2,326 | -78.4% |
| Financial charges | 65/66B | €218 | €225 | +€7 | +3.0% |
| Recurring financial charges | 65 | €218 | €225 | +€7 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €2,751 | €418 | -€2,333 | -84.8% |
| Profit (loss) for the period | 9904 | €2,751 | €418 | -€2,333 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,751 | €418 | -€2,333 | -84.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.