KAMI Concept: what changed
Two fiscal 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 Concept
Largest movements
- Receivables within one year +€58,404
up €58,404 (+26.6%), from €219,343 to €277,747
of which Other amounts receivable: +€47,209
- Tangible fixed assets -€5,375
down €5,375 (-27.1%), from €19,859 to €14,483
of which Other tangible fixed assets: -€2,800
- Deferred charges and accrued income +€4,846
up €4,846 (+76.5%), from €6,331 to €11,177
- Cash +€4,203
up €4,203 (+253172.3%), from €2 to €4,204
mainly Trade debts (+€52,136) and Net result for the year (+€36,996)
- Trade debts +€52,136
up €52,136 (+159.7%), from €32,647 to €84,783
of which Suppliers: +€54,023
- Reserves +€20,000
up €20,000 (+16.8%), from €118,859 to €138,859
- Accrued charges and deferred income -€14,000
no longer reported in 2025 (was €14,000)
- Short-term financial debts +€3,462
up €3,462 (+28.7%), from €12,052 to €15,514
- Gross operating margin -€112,412
down €112,412 (-70.7%), from €159,070 to €46,658
- Taxes -€24,127
down €24,127 (-80.4%), from €29,993 to €5,866
- Financial income +€5,367
up €5,367 (+102.6%), from €5,231 to €10,598
- Financial charges +€2,983
up €2,983 (+247.8%), from €1,204 to €4,187
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.
Cash bridge derived
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 | €256,232 | €317,100 | +€60,867 | +23.8% |
| Fixed assets | 21/28 | €26,302 | €20,926 | -€5,375 | -20.4% |
| Tangible fixed assets | 22/27 | €19,859 | €14,483 | -€5,375 | -27.1% |
| Plant, machinery and equipment | 23 | €708 | €368 | -€340 | -48.0% |
| Furniture and vehicles | 24 | €4,125 | €1,890 | -€2,235 | -54.2% |
| Other tangible fixed assets | 26 | €15,025 | €12,225 | -€2,800 | -18.6% |
| Financial fixed assets | 28 | €6,443 | €6,443 | = | 0.0% |
| Current assets | 29/58 | €229,930 | €296,173 | +€66,243 | +28.8% |
| Stocks and contracts in progress | 3 | €4,255 | €3,045 | -€1,210 | -28.4% |
| Stocks | 30/36 | €4,255 | €3,045 | -€1,210 | -28.4% |
| Amounts receivable within one year | 40/41 | €219,343 | €277,747 | +€58,404 | +26.6% |
| Trade receivables | 40 | €39,533 | €50,728 | +€11,195 | +28.3% |
| Other amounts receivable | 41 | €179,810 | €227,019 | +€47,209 | +26.3% |
| Cash at bank and in hand | 54/58 | €2 | €4,204 | +€4,203 | +253172.3% |
| Deferred charges and accrued income | 490/1 | €6,331 | €11,177 | +€4,846 | +76.5% |
| Total equity and liabilities | 10/49 | €256,232 | €317,100 | +€60,867 | +23.8% |
| Equity | 10/15 | €143,878 | €160,874 | +€16,996 | +11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €118,859 | €138,859 | +€20,000 | +16.8% |
| Distributable reserves | 133 | €118,859 | €138,859 | +€20,000 | +16.8% |
| Profit (loss) carried forward | 14 | €6,426 | €3,423 | -€3,004 | -46.7% |
| Amounts payable | 17/49 | €112,355 | €156,226 | +€43,871 | +39.0% |
| Amounts payable within one year | 42/48 | €98,355 | €156,226 | +€57,871 | +58.8% |
| Financial debts | 43 | €12,052 | €15,514 | +€3,462 | +28.7% |
| Credit institutions | 430/8 | €12,052 | €15,514 | +€3,462 | +28.7% |
| Trade debts | 44 | €32,647 | €84,783 | +€52,136 | +159.7% |
| Suppliers | 440/4 | €26,043 | €80,066 | +€54,023 | +207.4% |
| Bills of exchange payable | 441 | €6,604 | €4,717 | -€1,887 | -28.6% |
| Taxes, remuneration and social security | 45 | €33,656 | €35,929 | +€2,273 | +6.8% |
| Taxes | 450/3 | €33,656 | €35,929 | +€2,273 | +6.8% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,328 | €8,774 | -€554 | -5.9% |
| Other operating charges | 640/8 | €1,323 | €1,433 | +€110 | +8.3% |
| Non-recurring operating charges | 66A | €7,289 | - | -€7,289 | |
| Gross operating margin | 9900 | €159,070 | €46,658 | -€112,412 | -70.7% |
| Operating profit (loss) | 9901 | €141,129 | €36,451 | -€104,678 | -74.2% |
| Financial income | 75/76B | €5,231 | €10,598 | +€5,367 | +102.6% |
| Recurring financial income | 75 | €5,231 | €10,598 | +€5,367 | +102.6% |
| Financial charges | 65/66B | €1,204 | €4,187 | +€2,983 | +247.8% |
| Recurring financial charges | 65 | €1,204 | €4,187 | +€2,983 | +247.8% |
| Profit (loss) for the period before taxes | 9903 | €145,156 | €42,862 | -€102,294 | -70.5% |
| Income taxes | 67/77 | €29,993 | €5,866 | -€24,127 | -80.4% |
| Profit (loss) for the period | 9904 | €115,163 | €36,996 | -€78,167 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,163 | €36,996 | -€78,167 | -67.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.