KAMIANO: 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.
KAMIANO
Largest movements
- Tangible fixed assets +€53,121
up €53,121 (+42.8%), from €124,247 to €177,368
of which Plant, machinery and equipment: +€53,121
- Receivables within one year +€9,186
up €9,186 (+168%), from €5,474 to €14,660
- Trade debts +€44,035
up €44,035 (+1,852%), from €2,378 to €46,413
- Reserves +€16,326
up €16,326 (+18.2%), from €89,899 to €106,225
- Accrued charges and deferred income -€8,850
down €8,850 (-79.0%), from €11,200 to €2,350
- Debts after one year +€6,640
new in 2025: €6,640
- Current portion of long-term debt +€3,286
up €3,286, from €0 to €3,286
- Depreciation -€4,508
down €4,508 (-81.2%), from €5,550 to €1,042
- Taxes +€1,282
up €1,282 (+27.5%), from €4,661 to €5,943
- Financial charges -€471
down €471 (-68.6%), from €686 to €215
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 | €132,986 | €194,109 | +€61,124 | +46.0% |
| Fixed assets | 21/28 | €124,247 | €177,368 | +€53,121 | +42.8% |
| Tangible fixed assets | 22/27 | €124,247 | €177,368 | +€53,121 | +42.8% |
| Land and buildings | 22 | €116,667 | €116,667 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,580 | €60,702 | +€53,121 | +701% |
| Current assets | 29/58 | €8,739 | €16,741 | +€8,002 | +91.6% |
| Amounts receivable within one year | 40/41 | €5,474 | €14,660 | +€9,186 | +168% |
| Other amounts receivable | 41 | €5,474 | €14,660 | +€9,186 | +168% |
| Cash at bank and in hand | 54/58 | €3,265 | €2,082 | -€1,184 | -36.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €132,986 | €194,109 | +€61,124 | +46.0% |
| Equity | 10/15 | €108,491 | €124,817 | +€16,326 | +15.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €89,899 | €106,225 | +€16,326 | +18.2% |
| Distributable reserves | 133 | €89,899 | €106,225 | +€16,326 | +18.2% |
| Amounts payable | 17/49 | €24,494 | €69,292 | +€44,798 | +183% |
| Amounts payable after more than one year | 17 | - | €6,640 | +€6,640 | |
| Financial debts | 170/4 | - | €6,640 | +€6,640 | |
| Amounts payable within one year | 42/48 | €13,294 | €60,303 | +€47,008 | +354% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,286 | +€3,286 | |
| Trade debts | 44 | €2,378 | €46,413 | +€44,035 | +1,852% |
| Suppliers | 440/4 | €2,378 | €46,413 | +€44,035 | +1,852% |
| Taxes, remuneration and social security | 45 | €10,917 | €10,604 | -€313 | -2.9% |
| Taxes | 450/3 | €10,917 | €10,604 | -€313 | -2.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €11,200 | €2,350 | -€8,850 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,550 | €1,042 | -€4,508 | -81.2% |
| Other operating charges | 640/8 | €2,182 | €2,246 | +€64 | +2.9% |
| Gross operating margin | 9900 | €25,522 | €25,772 | +€250 | +1.0% |
| Operating profit (loss) | 9901 | €17,790 | €22,484 | +€4,694 | +26.4% |
| Financial charges | 65/66B | €686 | €215 | -€471 | -68.6% |
| Recurring financial charges | 65 | €686 | €215 | -€471 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €17,104 | €22,269 | +€5,165 | +30.2% |
| Income taxes | 67/77 | €4,661 | €5,943 | +€1,282 | +27.5% |
| Profit (loss) for the period | 9904 | €12,443 | €16,326 | +€3,883 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,443 | €16,326 | +€3,883 | +31.2% |
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 16 October 2026 via checked.be.