KAMI: 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.
KAMI
Largest movements
- Receivables within one year -€91,968
down €91,968 (-61.6%), from €149,289 to €57,321
of which Trade receivables: -€97,780
- Cash -€34,759
down €34,759 (-85.2%), from €40,791 to €6,033
mainly Debts after one year (-€68,682) and Tax, wage and social debts (-€31,482)
- Tangible fixed assets -€15,133
down €15,133 (-20.6%), from €73,595 to €58,462
of which Furniture and vehicles: -€14,815
- Debts after one year -€68,682
down €68,682 (-26.5%), from €258,810 to €190,129
of which Other amounts payable: -€60,249
- Tax, wage and social debts -€31,482
down €31,482 (-70.6%), from €44,619 to €13,137
- Profit (loss) carried forward -€24,855
down €24,855 (-21.7%), from €114,430 to €89,575
- Trade debts -€13,672
down €13,672 (-38.9%), from €35,123 to €21,451
- Gross operating margin -€178,804
down €178,804, from €176,805 to -€1,999
- Financial charges -€14,511
down €14,511 (-89.2%), from €16,273 to €1,762
- Depreciation +€9,851
up €9,851 (+131%), from €7,532 to €17,383
- Taxes -€4,810
no longer reported in 2025 (was €4,810)
- Other operating charges +€3,028
up €3,028 (+443%), from €683 to €3,711
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 | €861,556 | €719,696 | -€141,860 | -16.5% |
| Fixed assets | 21/28 | €671,476 | €656,343 | -€15,133 | -2.3% |
| Tangible fixed assets | 22/27 | €73,595 | €58,462 | -€15,133 | -20.6% |
| Plant, machinery and equipment | 23 | €7,350 | €7,033 | -€318 | -4.3% |
| Furniture and vehicles | 24 | €66,244 | €51,429 | -€14,815 | -22.4% |
| Financial fixed assets | 28 | €597,881 | €597,881 | = | 0.0% |
| Current assets | 29/58 | €190,080 | €63,353 | -€126,727 | -66.7% |
| Amounts receivable within one year | 40/41 | €149,289 | €57,321 | -€91,968 | -61.6% |
| Trade receivables | 40 | €104,515 | €6,735 | -€97,780 | -93.6% |
| Other amounts receivable | 41 | €44,774 | €50,585 | +€5,812 | +13.0% |
| Cash at bank and in hand | 54/58 | €40,791 | €6,033 | -€34,759 | -85.2% |
| Total equity and liabilities | 10/49 | €861,556 | €719,696 | -€141,860 | -16.5% |
| Equity | 10/15 | €459,834 | €434,979 | -€24,855 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €141,804 | €141,804 | = | 0.0% |
| 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 | €139,944 | €139,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,430 | €89,575 | -€24,855 | -21.7% |
| Amounts payable | 17/49 | €401,722 | €284,717 | -€117,006 | -29.1% |
| Amounts payable after more than one year | 17 | €258,810 | €190,129 | -€68,682 | -26.5% |
| Financial debts | 170/4 | €42,939 | €34,507 | -€8,433 | -19.6% |
| Other amounts payable | 178/9 | €215,871 | €155,622 | -€60,249 | -27.9% |
| Amounts payable within one year | 42/48 | €142,912 | €94,588 | -€48,324 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €3,170 | €0 | -€3,170 | -100% |
| Trade debts | 44 | €35,123 | €21,451 | -€13,672 | -38.9% |
| Suppliers | 440/4 | €35,123 | €21,451 | -€13,672 | -38.9% |
| Taxes, remuneration and social security | 45 | €44,619 | €13,137 | -€31,482 | -70.6% |
| Taxes | 450/3 | €44,619 | €13,137 | -€31,482 | -70.6% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,532 | €17,383 | +€9,851 | +131% |
| Other operating charges | 640/8 | €683 | €3,711 | +€3,028 | +443% |
| Gross operating margin | 9900 | €176,805 | -€1,999 | -€178,804 | |
| Operating profit (loss) | 9901 | €168,590 | -€23,093 | -€191,683 | |
| Financial charges | 65/66B | €16,273 | €1,762 | -€14,511 | -89.2% |
| Recurring financial charges | 65 | €16,273 | €1,762 | -€14,511 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €152,317 | -€24,855 | -€177,172 | |
| Income taxes | 67/77 | €4,810 | - | -€4,810 | |
| Profit (loss) for the period | 9904 | €147,508 | -€24,855 | -€172,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,508 | -€24,855 | -€172,362 |
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 14 October 2026 via checked.be.