KAMEO: 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.
KAMEO
Largest movements
- Receivables within one year +€33,471
up €33,471 (+34.0%), from €98,586 to €132,058
of which Trade receivables: +€30,970
- Tangible fixed assets +€17,375
up €17,375 (+686%), from €2,533 to €19,908
- Cash +€11,268
up €11,268 (+36.2%), from €31,150 to €42,418
mainly Advances received (+€48,620) and Net result for the year (+€12,626)
- Advances received +€48,620
new in 2025: €48,620
- Reserves +€12,626
up €12,626 (+5.0%), from €251,127 to €263,753
of which Distributable reserves: +€14,486
- Gross operating margin +€7,639
up €7,639 (+8.7%), from €87,977 to €95,616
- Taxes +€4,354
up €4,354 (+76.0%), from €5,728 to €10,082
- Staff costs +€3,763
up €3,763 (+5.7%), from €65,767 to €69,530
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 | €296,819 | €358,669 | +€61,850 | +20.8% |
| Fixed assets | 21/28 | €157,533 | €174,908 | +€17,375 | +11.0% |
| Tangible fixed assets | 22/27 | €2,533 | €19,908 | +€17,375 | +686% |
| Furniture and vehicles | 24 | €2,533 | €19,908 | +€17,375 | +686% |
| Financial fixed assets | 28 | €155,000 | €155,000 | = | 0.0% |
| Current assets | 29/58 | €139,286 | €183,761 | +€44,475 | +31.9% |
| Amounts receivable within one year | 40/41 | €98,586 | €132,058 | +€33,471 | +34.0% |
| Trade receivables | 40 | - | €30,970 | +€30,970 | |
| Other amounts receivable | 41 | €98,586 | €101,088 | +€2,501 | +2.5% |
| Current investments | 50/53 | €6,723 | €8,753 | +€2,030 | +30.2% |
| Cash at bank and in hand | 54/58 | €31,150 | €42,418 | +€11,268 | +36.2% |
| Deferred charges and accrued income | 490/1 | €2,827 | €533 | -€2,294 | -81.2% |
| Total equity and liabilities | 10/49 | €296,819 | €358,669 | +€61,850 | +20.8% |
| Equity | 10/15 | €269,727 | €282,353 | +€12,626 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,127 | €263,753 | +€12,626 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €249,267 | €263,753 | +€14,486 | +5.8% |
| Amounts payable | 17/49 | €27,093 | €76,316 | +€49,224 | +182% |
| Amounts payable within one year | 42/48 | €26,378 | €76,316 | +€49,938 | +189% |
| Trade debts | 44 | €1,039 | €0 | -€1,039 | -100% |
| Suppliers | 440/4 | €1,039 | €0 | -€1,039 | -100% |
| Advances received on contracts in progress | 46 | - | €48,620 | +€48,620 | |
| Taxes, remuneration and social security | 45 | €25,339 | €27,696 | +€2,357 | +9.3% |
| Taxes | 450/3 | €13,988 | €15,815 | +€1,827 | +13.1% |
| Remuneration and social security | 454/9 | €11,351 | €11,881 | +€530 | +4.7% |
| Accrued charges and deferred income | 492/3 | €714 | €0 | -€714 | -100% |
| Remuneration, social security and pensions | 62 | €65,767 | €69,530 | +€3,763 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €1,652 | +€469 | +39.7% |
| Other operating charges | 640/8 | €1,424 | €1,713 | +€289 | +20.3% |
| Gross operating margin | 9900 | €87,977 | €95,616 | +€7,639 | +8.7% |
| Operating profit (loss) | 9901 | €19,603 | €22,721 | +€3,117 | +15.9% |
| Financial income | 75/76B | €761 | €1,032 | +€271 | +35.7% |
| Recurring financial income | 75 | €761 | €1,032 | +€271 | +35.7% |
| Financial charges | 65/66B | €1,845 | €1,045 | -€801 | -43.4% |
| Recurring financial charges | 65 | €1,845 | €1,045 | -€801 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €18,519 | €22,708 | +€4,189 | +22.6% |
| Income taxes | 67/77 | €5,728 | €10,082 | +€4,354 | +76.0% |
| Profit (loss) for the period | 9904 | €12,791 | €12,626 | -€165 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,791 | €12,626 | -€165 | -1.3% |
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.