KAMEX: 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.
KAMEX
Largest movements
- Cash -€8,026
down €8,026 (-45.4%), from €17,693 to €9,667
mainly Net result for the year (-€11,252) and Receivables within one year (-€2,913)
- Receivables within one year +€2,913
up €2,913 (+613%), from €475 to €3,389
of which Trade receivables: +€3,280
- Tangible fixed assets +€1,043
up €1,043 (+9.3%), from €11,155 to €12,198
of which Furniture and vehicles: +€1,043
- Profit (loss) carried forward -€11,252
down €11,252 (-6.7%), from -€167,552 to -€178,804
- Other debts +€5,681
up €5,681 (+3.2%), from €175,142 to €180,824
- Trade debts +€1,510
up €1,510 (+99.7%), from €1,514 to €3,023
- Gross operating margin -€7,427
down €7,427 (-233%), from -€3,182 to -€10,609
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,647 | €25,586 | -€4,061 | -13.7% |
| Fixed assets | 21/28 | €11,155 | €12,198 | +€1,043 | +9.3% |
| Tangible fixed assets | 22/27 | €11,155 | €12,198 | +€1,043 | +9.3% |
| Land and buildings | 22 | €11,155 | €11,155 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €1,043 | +€1,043 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €18,492 | €13,388 | -€5,104 | -27.6% |
| Amounts receivable within one year | 40/41 | €475 | €3,389 | +€2,913 | +613% |
| Trade receivables | 40 | - | €3,280 | +€3,280 | |
| Other amounts receivable | 41 | €475 | €109 | -€367 | -77.2% |
| Cash at bank and in hand | 54/58 | €17,693 | €9,667 | -€8,026 | -45.4% |
| Deferred charges and accrued income | 490/1 | €324 | €332 | +€8 | +2.6% |
| Total equity and liabilities | 10/49 | €29,647 | €25,586 | -€4,061 | -13.7% |
| Equity | 10/15 | -€147,101 | -€158,353 | -€11,252 | -7.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,552 | -€178,804 | -€11,252 | -6.7% |
| Amounts payable | 17/49 | €176,748 | €183,939 | +€7,191 | +4.1% |
| Amounts payable within one year | 42/48 | €176,748 | €183,939 | +€7,191 | +4.1% |
| Trade debts | 44 | €1,514 | €3,023 | +€1,510 | +99.7% |
| Suppliers | 440/4 | €1,514 | €3,023 | +€1,510 | +99.7% |
| Taxes, remuneration and social security | 45 | €92 | €92 | = | 0.0% |
| Taxes | 450/3 | €92 | €92 | = | 0.0% |
| Other amounts payable | 47/48 | €175,142 | €180,824 | +€5,681 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36 | €23 | -€13 | -35.0% |
| Other operating charges | 640/8 | €579 | €598 | +€18 | +3.1% |
| Gross operating margin | 9900 | -€3,182 | -€10,609 | -€7,427 | -233% |
| Operating profit (loss) | 9901 | -€3,798 | -€11,230 | -€7,432 | -196% |
| Financial charges | 65/66B | €19 | €22 | +€3 | +17.9% |
| Recurring financial charges | 65 | €19 | €22 | +€3 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,816 | -€11,252 | -€7,436 | -195% |
| Profit (loss) for the period | 9904 | -€3,816 | -€11,252 | -€7,436 | -195% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,816 | -€11,252 | -€7,436 | -195% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.