KAMICLAR: 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.
KAMICLAR
Largest movements
- Receivables after one year -€6.9m
no longer reported in 2025 (was €6.9m)
- Financial fixed assets -€5.4m
down €5.4m (-22.0%), from €24.7m to €19.2m
- Cash +€3.6m
up €3.6m (+798.8%), from €454,504 to €4.1m
mainly Receivables after one year (+€6.9m) and Investment in fixed assets (net) (+€5.4m)
- Profit (loss) carried forward -€7.0m
down €7.0m (-30.4%), from €22.8m to €15.9m
- Other debts -€1.7m
down €1.7m (-19.5%), from €8.7m to €7.0m
- Financial income -€225,111
down €225,111 (-66.3%), from €339,334 to €114,224
- Gross operating margin +€44,233
up €44,233 (+40.7%), from -€108,736 to -€64,503
- Financial charges -€42,853
down €42,853 (-98.9%), from €43,314 to €461
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 | €31,975,902 | €23,324,164 | -€8.7m | -27.1% |
| Fixed assets | 21/28 | €24,665,580 | €19,239,152 | -€5.4m | -22.0% |
| Financial fixed assets | 28 | €24,665,580 | €19,239,152 | -€5.4m | -22.0% |
| Current assets | 29/58 | €7,310,322 | €4,085,011 | -€3.2m | -44.1% |
| Amounts receivable after more than one year | 29 | €6,855,818 | - | -€6.9m | |
| Trade receivables | 290 | €6,855,818 | - | -€6.9m | |
| Cash at bank and in hand | 54/58 | €454,504 | €4,085,011 | +€3.6m | +798.8% |
| Total equity and liabilities | 10/49 | €31,975,902 | €23,324,164 | -€8.7m | -27.1% |
| Equity | 10/15 | €23,255,902 | €16,304,164 | -€7.0m | -29.9% |
| Contributions | 10/11 | €371,900 | €371,900 | = | 0.0% |
| Capital | 10 | €371,900 | €371,900 | = | 0.0% |
| Issued capital | 100 | €371,900 | €371,900 | = | 0.0% |
| Reserves | 13 | €37,190 | €37,190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,190 | €37,190 | = | 0.0% |
| Legal reserve | 130 | €37,190 | €37,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,846,812 | €15,895,074 | -€7.0m | -30.4% |
| Amounts payable | 17/49 | €8,720,000 | €7,020,000 | -€1.7m | -19.5% |
| Amounts payable within one year | 42/48 | €8,700,000 | €7,000,000 | -€1.7m | -19.5% |
| Other amounts payable | 47/48 | €8,700,000 | €7,000,000 | -€1.7m | -19.5% |
| Accrued charges and deferred income | 492/3 | €20,000 | €20,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | -€108,736 | -€64,503 | +€44,233 | +40.7% |
| Operating profit (loss) | 9901 | -€108,736 | -€65,501 | +€43,234 | +39.8% |
| Financial income | 75/76B | €339,334 | €114,224 | -€225,111 | -66.3% |
| Recurring financial income | 75 | €339,334 | €114,224 | -€225,111 | -66.3% |
| Financial charges | 65/66B | €43,314 | €461 | -€42,853 | -98.9% |
| Recurring financial charges | 65 | €43,314 | €461 | -€42,853 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €187,284 | €48,262 | -€139,023 | -74.2% |
| Profit (loss) for the period | 9904 | €187,284 | €48,262 | -€139,023 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €187,284 | €48,262 | -€139,023 | -74.2% |
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 6 October 2026 via checked.be.