KAMERAAD: what changed
KAMERAAD
Largest movements
- Tangible fixed assets +€125,516
up €125,516 (+829%), from €15,147 to €140,663
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Cash +€46,118
up €46,118 (+91.3%), from €50,497 to €96,615
mainly Net result for the year (+€75,815) and Current investments (+€50,000)
- Receivables within one year -€28,987
down €28,987 (-81.6%), from €35,542 to €6,556
of which Trade receivables: -€31,247
- Deferred charges and accrued income -€11,958
down €11,958 (-91.8%), from €13,020 to €1,062
- Reserves +€74,000
up €74,000 (+45.7%), from €161,860 to €235,860
of which Distributable reserves: +€74,000
- Other debts +€4,125
up €4,125 (+13.0%), from €31,744 to €35,869
- Gross operating margin +€23,828
up €23,828 (+25.6%), from €93,160 to €116,988
- Taxes +€10,095
up €10,095 (+39.3%), from €25,705 to €35,800
- Financial income +€2,332
new in 2025: €2,332
- Depreciation +€1,678
up €1,678 (+58.6%), from €2,862 to €4,540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,207 | €294,897 | +€80,690 | +37.7% |
| Fixed assets | 21/28 | €15,147 | €140,663 | +€125,516 | +829% |
| Tangible fixed assets | 22/27 | €15,147 | €140,663 | +€125,516 | +829% |
| Furniture and vehicles | 24 | €15,147 | €140,663 | +€125,516 | +829% |
| Current assets | 29/58 | €199,060 | €154,234 | -€44,826 | -22.5% |
| Amounts receivable within one year | 40/41 | €35,542 | €6,556 | -€28,987 | -81.6% |
| Trade receivables | 40 | €31,247 | €0 | -€31,247 | -100% |
| Other amounts receivable | 41 | €4,295 | €6,556 | +€2,261 | +52.6% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €50,497 | €96,615 | +€46,118 | +91.3% |
| Deferred charges and accrued income | 490/1 | €13,020 | €1,062 | -€11,958 | -91.8% |
| Total equity and liabilities | 10/49 | €214,207 | €294,897 | +€80,690 | +37.7% |
| Equity | 10/15 | €168,939 | €243,087 | +€74,149 | +43.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,860 | €235,860 | +€74,000 | +45.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €234,000 | +€74,000 | +46.3% |
| Profit (loss) carried forward | 14 | €879 | €1,027 | +€149 | +17.0% |
| Amounts payable | 17/49 | €45,269 | €51,810 | +€6,541 | +14.4% |
| Amounts payable within one year | 42/48 | €42,877 | €49,172 | +€6,295 | +14.7% |
| Trade debts | 44 | €3,100 | €4,338 | +€1,239 | +40.0% |
| Suppliers | 440/4 | €3,100 | €4,338 | +€1,239 | +40.0% |
| Taxes, remuneration and social security | 45 | €8,034 | €8,965 | +€931 | +11.6% |
| Taxes | 450/3 | €8,034 | €8,965 | +€931 | +11.6% |
| Other amounts payable | 47/48 | €31,744 | €35,869 | +€4,125 | +13.0% |
| Accrued charges and deferred income | 492/3 | €2,392 | €2,638 | +€246 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,862 | €4,540 | +€1,678 | +58.6% |
| Other operating charges | 640/8 | €834 | €727 | -€108 | -12.9% |
| Gross operating margin | 9900 | €93,160 | €116,988 | +€23,828 | +25.6% |
| Operating profit (loss) | 9901 | €89,464 | €111,722 | +€22,258 | +24.9% |
| Financial income | 75/76B | - | €2,332 | +€2,332 | |
| Recurring financial income | 75 | - | €2,332 | +€2,332 | |
| Financial charges | 65/66B | €1,773 | €2,438 | +€665 | +37.5% |
| Recurring financial charges | 65 | €1,773 | €2,438 | +€665 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €87,691 | €111,615 | +€23,924 | +27.3% |
| Income taxes | 67/77 | €25,705 | €35,800 | +€10,095 | +39.3% |
| Profit (loss) for the period | 9904 | €61,986 | €75,815 | +€13,829 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,986 | €75,815 | +€13,829 | +22.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.