KAMENO: 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.
KAMENO
Largest movements
- Cash -€12,309
down €12,309 (-83.3%), from €14,773 to €2,464
mainly Debts after one year (-€14,653) and Investment in fixed assets (net) (-€13,879)
- Debts after one year -€14,653
down €14,653 (-10.4%), from €140,472 to €125,818
- Other debts +€10,940
up €10,940 (+16.5%), from €66,338 to €77,278
- Profit (loss) carried forward -€6,429
down €6,429 (-44.0%), from €14,597 to €8,168
- Tax, wage and social debts -€3,477
no longer reported in 2025 (was €3,477)
- Gross operating margin -€8,496
down €8,496 (-27.9%), from €30,454 to €21,958
- Other operating charges +€4,063
up €4,063 (+125%), from €3,254 to €7,317
- Taxes -€1,222
down €1,222 (-53.3%), from €2,291 to €1,069
- Depreciation +€703
up €703 (+4.6%), from €15,323 to €16,026
- Financial charges -€466
down €466 (-10.5%), from €4,441 to €3,975
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 | €261,214 | €248,779 | -€12,434 | -4.8% |
| Fixed assets | 21/28 | €246,440 | €244,294 | -€2,147 | -0.9% |
| Tangible fixed assets | 22/27 | €246,440 | €244,294 | -€2,147 | -0.9% |
| Land and buildings | 22 | €152,721 | €147,171 | -€5,550 | -3.6% |
| Plant, machinery and equipment | 23 | €92,244 | €95,748 | +€3,504 | +3.8% |
| Furniture and vehicles | 24 | €1,475 | €1,374 | -€101 | -6.8% |
| Current assets | 29/58 | €14,773 | €4,486 | -€10,288 | -69.6% |
| Amounts receivable within one year | 40/41 | - | €449 | +€449 | |
| Trade receivables | 40 | - | €449 | +€449 | |
| Cash at bank and in hand | 54/58 | €14,773 | €2,464 | -€12,309 | -83.3% |
| Deferred charges and accrued income | 490/1 | - | €1,573 | +€1,573 | |
| Total equity and liabilities | 10/49 | €261,214 | €248,779 | -€12,434 | -4.8% |
| Equity | 10/15 | €33,197 | €26,768 | -€6,429 | -19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,597 | €8,168 | -€6,429 | -44.0% |
| Amounts payable | 17/49 | €228,017 | €222,012 | -€6,005 | -2.6% |
| Amounts payable after more than one year | 17 | €140,472 | €125,818 | -€14,653 | -10.4% |
| Financial debts | 170/4 | €140,472 | €125,818 | -€14,653 | -10.4% |
| Amounts payable within one year | 42/48 | €87,545 | €95,693 | +€8,148 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €14,311 | €14,653 | +€343 | +2.4% |
| Trade debts | 44 | €3,419 | €3,762 | +€343 | +10.0% |
| Suppliers | 440/4 | €3,419 | €3,762 | +€343 | +10.0% |
| Taxes, remuneration and social security | 45 | €3,477 | - | -€3,477 | |
| Taxes | 450/3 | €3,477 | - | -€3,477 | |
| Other amounts payable | 47/48 | €66,338 | €77,278 | +€10,940 | +16.5% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,323 | €16,026 | +€703 | +4.6% |
| Other operating charges | 640/8 | €3,254 | €7,317 | +€4,063 | +125% |
| Gross operating margin | 9900 | €30,454 | €21,958 | -€8,496 | -27.9% |
| Operating profit (loss) | 9901 | €11,877 | -€1,385 | -€13,261 | |
| Financial charges | 65/66B | €4,441 | €3,975 | -€466 | -10.5% |
| Recurring financial charges | 65 | €4,441 | €3,975 | -€466 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €7,436 | -€5,360 | -€12,796 | |
| Income taxes | 67/77 | €2,291 | €1,069 | -€1,222 | -53.3% |
| Profit (loss) for the period | 9904 | €5,145 | -€6,429 | -€11,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,145 | -€6,429 | -€11,574 |
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 15 October 2026 via checked.be.