Kamiel: 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.
Kamiel
Largest movements
- Cash -€27,529
down €27,529 (-62.6%), from €43,997 to €16,468
mainly Current investments (-€25,693) and Deferred charges and accrued income (-€5,000)
- Current investments +€25,693
new in 2025: €25,693
- Deferred charges and accrued income +€5,000
new in 2025: €5,000
- Tangible fixed assets -€4,600
down €4,600 (-27.7%), from €16,620 to €12,021
of which Furniture and vehicles: -€3,276
- Receivables within one year +€4,057
up €4,057 (+63.0%), from €6,436 to €10,494
of which Other amounts receivable: +€3,984
- Tax, wage and social debts +€3,152
up €3,152 (+219.5%), from €1,436 to €4,589
- Gross operating margin -€40,419
down €40,419 (-77.6%), from €52,113 to €11,694
- Taxes -€6,398
down €6,398 (-51.5%), from €12,414 to €6,016
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 | €67,054 | €69,676 | +€2,622 | +3.9% |
| Fixed assets | 21/28 | €16,620 | €12,021 | -€4,600 | -27.7% |
| Tangible fixed assets | 22/27 | €16,620 | €12,021 | -€4,600 | -27.7% |
| Land and buildings | 22 | €4,960 | €4,591 | -€368 | -7.4% |
| Plant, machinery and equipment | 23 | €2,519 | €1,564 | -€955 | -37.9% |
| Furniture and vehicles | 24 | €9,142 | €5,866 | -€3,276 | -35.8% |
| Current assets | 29/58 | €50,434 | €57,656 | +€7,222 | +14.3% |
| Amounts receivable within one year | 40/41 | €6,436 | €10,494 | +€4,057 | +63.0% |
| Trade receivables | 40 | €5,850 | €5,923 | +€73 | +1.2% |
| Other amounts receivable | 41 | €586 | €4,571 | +€3,984 | +679.4% |
| Current investments | 50/53 | - | €25,693 | +€25,693 | |
| Cash at bank and in hand | 54/58 | €43,997 | €16,468 | -€27,529 | -62.6% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €67,054 | €69,676 | +€2,622 | +3.9% |
| Equity | 10/15 | €64,337 | €64,030 | -€307 | -0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,337 | €59,030 | -€307 | -0.5% |
| Distributable reserves | 133 | €59,337 | €59,030 | -€307 | -0.5% |
| Amounts payable | 17/49 | €2,717 | €5,646 | +€2,929 | +107.8% |
| Amounts payable within one year | 42/48 | €2,663 | €5,586 | +€2,923 | +109.8% |
| Trade debts | 44 | €775 | €428 | -€348 | -44.8% |
| Suppliers | 440/4 | €775 | €428 | -€348 | -44.8% |
| Taxes, remuneration and social security | 45 | €1,436 | €4,589 | +€3,152 | +219.5% |
| Taxes | 450/3 | €1,436 | €4,589 | +€3,152 | +219.5% |
| Other amounts payable | 47/48 | €451 | €570 | +€118 | +26.2% |
| Accrued charges and deferred income | 492/3 | €54 | €60 | +€6 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,600 | €4,600 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,229 | €1,261 | +€32 | +2.6% |
| Gross operating margin | 9900 | €52,113 | €11,694 | -€40,419 | -77.6% |
| Operating profit (loss) | 9901 | €46,284 | €5,833 | -€40,451 | -87.4% |
| Financial income | 75/76B | €2 | €7 | +€6 | +362.6% |
| Recurring financial income | 75 | €2 | €7 | +€6 | +362.6% |
| Financial charges | 65/66B | €228 | €132 | -€97 | -42.4% |
| Recurring financial charges | 65 | €228 | €132 | -€97 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €46,057 | €5,709 | -€40,349 | -87.6% |
| Income taxes | 67/77 | €12,414 | €6,016 | -€6,398 | -51.5% |
| Profit (loss) for the period | 9904 | €33,644 | -€307 | -€33,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,644 | -€307 | -€33,951 |
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.