Kami Projects: 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 Projects
Largest movements
- Tangible fixed assets +€34,027
up €34,027 (+439.0%), from €7,751 to €41,778
of which Leasing and similar rights: +€35,844
- Cash +€6,735
up €6,735 (+103.2%), from €6,525 to €13,260
mainly Debts after one year (+€25,196) and Depreciation (+€10,203)
- Receivables within one year -€4,491
down €4,491 (-14.9%), from €30,214 to €25,723
of which Trade receivables: -€5,564
- Debts after one year +€25,196
new in 2025: €25,196
- Reserves +€8,498
up €8,498 (+2472.3%), from €344 to €8,842
- Trade debts -€8,186
down €8,186 (-61.7%), from €13,267 to €5,081
- Current portion of long-term debt +€7,795
new in 2025: €7,795
- Other debts +€3,013
up €3,013 (+13.2%), from €22,882 to €25,895
- Gross operating margin +€24,038
up €24,038 (+426.8%), from €5,632 to €29,671
- Depreciation +€9,080
up €9,080 (+808.6%), from €1,123 to €10,203
- Financial charges +€2,884
up €2,884 (+279.1%), from €1,033 to €3,917
- Taxes +€2,088
up €2,088 (+85.9%), from €2,432 to €4,520
- Other operating charges +€1,765
up €1,765 (+226.7%), from €778 to €2,543
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 | €44,490 | €80,761 | +€36,271 | +81.5% |
| Fixed assets | 21/28 | €7,751 | €41,778 | +€34,027 | +439.0% |
| Tangible fixed assets | 22/27 | €7,751 | €41,778 | +€34,027 | +439.0% |
| Plant, machinery and equipment | 23 | €6,710 | €5,392 | -€1,317 | -19.6% |
| Furniture and vehicles | 24 | €1,042 | €542 | -€500 | -48.0% |
| Leasing and similar rights | 25 | - | €35,844 | +€35,844 | |
| Current assets | 29/58 | €36,739 | €38,983 | +€2,244 | +6.1% |
| Amounts receivable within one year | 40/41 | €30,214 | €25,723 | -€4,491 | -14.9% |
| Trade receivables | 40 | €30,214 | €24,650 | -€5,564 | -18.4% |
| Other amounts receivable | 41 | - | €1,073 | +€1,073 | |
| Cash at bank and in hand | 54/58 | €6,525 | €13,260 | +€6,735 | +103.2% |
| Total equity and liabilities | 10/49 | €44,490 | €80,761 | +€36,271 | +81.5% |
| Equity | 10/15 | €2,844 | €11,342 | +€8,498 | +298.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €344 | €8,842 | +€8,498 | +2472.3% |
| Distributable reserves | 133 | €344 | €8,842 | +€8,498 | +2472.3% |
| Amounts payable | 17/49 | €41,647 | €69,420 | +€27,773 | +66.7% |
| Amounts payable after more than one year | 17 | - | €25,196 | +€25,196 | |
| Financial debts | 170/4 | - | €25,196 | +€25,196 | |
| Amounts payable within one year | 42/48 | €41,647 | €44,223 | +€2,577 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,795 | +€7,795 | |
| Trade debts | 44 | €13,267 | €5,081 | -€8,186 | -61.7% |
| Suppliers | 440/4 | €13,267 | €5,081 | -€8,186 | -61.7% |
| Taxes, remuneration and social security | 45 | €5,498 | €5,453 | -€45 | -0.8% |
| Taxes | 450/3 | €5,498 | €5,453 | -€45 | -0.8% |
| Other amounts payable | 47/48 | €22,882 | €25,895 | +€3,013 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,123 | €10,203 | +€9,080 | +808.6% |
| Other operating charges | 640/8 | €778 | €2,543 | +€1,765 | +226.7% |
| Gross operating margin | 9900 | €5,632 | €29,671 | +€24,038 | +426.8% |
| Operating profit (loss) | 9901 | €3,731 | €16,925 | +€13,194 | +353.6% |
| Financial income | 75/76B | €78 | €10 | -€68 | -87.1% |
| Recurring financial income | 75 | €78 | €10 | -€68 | -87.1% |
| Financial charges | 65/66B | €1,033 | €3,917 | +€2,884 | +279.1% |
| Recurring financial charges | 65 | €1,033 | €3,917 | +€2,884 | +279.1% |
| Profit (loss) for the period before taxes | 9903 | €2,776 | €13,018 | +€10,242 | +369.0% |
| Income taxes | 67/77 | €2,432 | €4,520 | +€2,088 | +85.9% |
| Profit (loss) for the period | 9904 | €344 | €8,498 | +€8,154 | +2372.3% |
| Profit (loss) for the period to be appropriated | 9905 | €344 | €8,498 | +€8,154 | +2372.3% |
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 10 October 2026 via checked.be.