KAMERADSKI: 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.
KAMERADSKI
Largest movements
- Receivables within one year -€24,535
down €24,535 (-61.8%), from €39,682 to €15,147
of which Trade receivables: -€18,944
- Tangible fixed assets -€3,009
down €3,009 (-6.6%), from €45,585 to €42,576
of which Plant, machinery and equipment: -€8,531
- Cash +€2,113
up €2,113 (+2.4%), from €86,694 to €88,807
mainly Net result for the year (+€28,584) and Receivables within one year (+€24,535)
- Contributions -€18,500
down €18,500 (-99.5%), from €18,600 to €100
- Debts after one year -€12,375
down €12,375 (-45.8%), from €27,020 to €14,644
- Profit (loss) carried forward +€8,584
up €8,584, from €0 to €8,584
- Reserves -€4,196
down €4,196 (-6.0%), from €69,579 to €65,383
of which Distributable reserves: -€4,196
- Trade debts +€3,023
up €3,023 (+224%), from €1,349 to €4,373
- Gross operating margin +€6,566
up €6,566 (+11.6%), from €56,472 to €63,038
- Depreciation -€1,384
down €1,384 (-5.7%), from €24,480 to €23,096
- Taxes +€1,380
up €1,380 (+22.6%), from €6,099 to €7,479
- Other operating charges +€739
up €739 (+106%), from €698 to €1,437
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 | €173,919 | €149,209 | -€24,710 | -14.2% |
| Fixed assets | 21/28 | €45,585 | €42,576 | -€3,009 | -6.6% |
| Tangible fixed assets | 22/27 | €45,585 | €42,576 | -€3,009 | -6.6% |
| Land and buildings | 22 | €3,197 | €3,082 | -€115 | -3.6% |
| Plant, machinery and equipment | 23 | €33,086 | €24,556 | -€8,531 | -25.8% |
| Furniture and vehicles | 24 | €9,302 | €14,939 | +€5,637 | +60.6% |
| Current assets | 29/58 | €128,333 | €106,632 | -€21,701 | -16.9% |
| Amounts receivable within one year | 40/41 | €39,682 | €15,147 | -€24,535 | -61.8% |
| Trade receivables | 40 | €24,132 | €5,188 | -€18,944 | -78.5% |
| Other amounts receivable | 41 | €15,550 | €9,959 | -€5,591 | -36.0% |
| Cash at bank and in hand | 54/58 | €86,694 | €88,807 | +€2,113 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,957 | €2,679 | +€722 | +36.9% |
| Total equity and liabilities | 10/49 | €173,919 | €149,209 | -€24,710 | -14.2% |
| Equity | 10/15 | €88,179 | €74,066 | -€14,113 | -16.0% |
| Contributions | 10/11 | €18,600 | €100 | -€18,500 | -99.5% |
| Reserves | 13 | €69,579 | €65,383 | -€4,196 | -6.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €69,579 | €65,383 | -€4,196 | -6.0% |
| Profit (loss) carried forward | 14 | €0 | €8,584 | +€8,584 | |
| Amounts payable | 17/49 | €85,740 | €75,143 | -€10,597 | -12.4% |
| Amounts payable after more than one year | 17 | €27,020 | €14,644 | -€12,375 | -45.8% |
| Financial debts | 170/4 | €27,020 | €14,644 | -€12,375 | -45.8% |
| Amounts payable within one year | 42/48 | €58,720 | €60,498 | +€1,778 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €13,600 | €15,875 | +€2,276 | +16.7% |
| Financial debts | 43 | €3,500 | €1,063 | -€2,437 | -69.6% |
| Credit institutions | 430/8 | €3,500 | €1,063 | -€2,437 | -69.6% |
| Trade debts | 44 | €1,349 | €4,373 | +€3,023 | +224% |
| Suppliers | 440/4 | €1,349 | €4,373 | +€3,023 | +224% |
| Taxes, remuneration and social security | 45 | €17,468 | €16,875 | -€593 | -3.4% |
| Taxes | 450/3 | €17,468 | €16,875 | -€593 | -3.4% |
| Other amounts payable | 47/48 | €22,803 | €22,312 | -€491 | -2.2% |
| Non-recurring operating income | 76A | - | €12,018 | +€12,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,480 | €23,096 | -€1,384 | -5.7% |
| Other operating charges | 640/8 | €698 | €1,437 | +€739 | +106% |
| Gross operating margin | 9900 | €56,472 | €63,038 | +€6,566 | +11.6% |
| Operating profit (loss) | 9901 | €31,294 | €38,505 | +€7,211 | +23.0% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €2,853 | €2,522 | -€331 | -11.6% |
| Recurring financial charges | 65 | €2,853 | €2,522 | -€331 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €28,441 | €36,062 | +€7,622 | +26.8% |
| Income taxes | 67/77 | €6,099 | €7,479 | +€1,380 | +22.6% |
| Profit (loss) for the period | 9904 | €22,342 | €28,584 | +€6,242 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,342 | €28,584 | +€6,242 | +27.9% |
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 27 October 2026 via checked.be.