KAMILOU: 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.
KAMILOU
Largest movements
- Financial fixed assets +€133,200
up €133,200 (+522.4%), from €25,500 to €158,700
- Receivables within one year -€61,900
down €61,900 (-10.7%), from €577,058 to €515,158
of which Other amounts receivable: -€131,690
- Tangible fixed assets +€22,879
up €22,879 (+32.6%), from €70,096 to €92,975
of which Assets under construction and advance payments: +€38,334
- Cash +€14,723
up €14,723 (+127.3%), from €11,563 to €26,286
mainly Net result for the year (+€138,562) and Receivables within one year (+€61,900)
- Profit (loss) carried forward +€138,562
up €138,562 (+114.3%), from €121,196 to €259,758
- Accrued charges and deferred income -€75,000
down €75,000 (-62.2%), from €120,553 to €45,553
- Tax, wage and social debts +€44,978
up €44,978 (+20.1%), from €223,271 to €268,250
of which Taxes: +€45,435
- Trade debts -€21,925
down €21,925 (-20.0%), from €109,524 to €87,599
- Current portion of long-term debt +€20,000
up €20,000 (+333.3%), from €6,000 to €26,000
- Gross operating margin +€159,561
up €159,561 (+29.1%), from €548,620 to €708,181
- Staff costs +€56,647
up €56,647 (+14.9%), from €379,114 to €435,762
- Taxes +€32,219
up €32,219 (+179.4%), from €17,961 to €50,180
- Other operating charges -€27,741
down €27,741 (-53.2%), from €52,151 to €24,410
- Financial charges -€13,304
down €13,304 (-53.2%), from €25,022 to €11,718
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 | €696,504 | €803,119 | +€106,616 | +15.3% |
| Fixed assets | 21/28 | €95,596 | €251,675 | +€156,079 | +163.3% |
| Tangible fixed assets | 22/27 | €70,096 | €92,975 | +€22,879 | +32.6% |
| Plant, machinery and equipment | 23 | €2,631 | €1,490 | -€1,140 | -43.3% |
| Furniture and vehicles | 24 | €32,535 | €26,891 | -€5,644 | -17.3% |
| Other tangible fixed assets | 26 | €31,187 | €22,517 | -€8,671 | -27.8% |
| Assets under construction and advance payments | 27 | €3,743 | €42,077 | +€38,334 | +1024.2% |
| Financial fixed assets | 28 | €25,500 | €158,700 | +€133,200 | +522.4% |
| Current assets | 29/58 | €600,908 | €551,445 | -€49,463 | -8.2% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €577,058 | €515,158 | -€61,900 | -10.7% |
| Trade receivables | 40 | €81,135 | €150,926 | +€69,790 | +86.0% |
| Other amounts receivable | 41 | €495,923 | €364,233 | -€131,690 | -26.6% |
| Cash at bank and in hand | 54/58 | €11,563 | €26,286 | +€14,723 | +127.3% |
| Deferred charges and accrued income | 490/1 | €2,287 | - | -€2,287 | |
| Total equity and liabilities | 10/49 | €696,504 | €803,119 | +€106,616 | +15.3% |
| Equity | 10/15 | €161,906 | €300,468 | +€138,562 | +85.6% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €39,110 | €39,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,250 | €37,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,196 | €259,758 | +€138,562 | +114.3% |
| Amounts payable | 17/49 | €534,598 | €502,651 | -€31,947 | -6.0% |
| Amounts payable after more than one year | 17 | €55,250 | €55,250 | = | 0.0% |
| Other amounts payable | 178/9 | €55,250 | €55,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €358,795 | €401,848 | +€43,053 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €26,000 | +€20,000 | +333.3% |
| Trade debts | 44 | €109,524 | €87,599 | -€21,925 | -20.0% |
| Suppliers | 440/4 | €109,524 | €87,599 | -€21,925 | -20.0% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €223,271 | €268,250 | +€44,978 | +20.1% |
| Taxes | 450/3 | €149,203 | €194,638 | +€45,435 | +30.5% |
| Remuneration and social security | 454/9 | €74,068 | €73,612 | -€456 | -0.6% |
| Accrued charges and deferred income | 492/3 | €120,553 | €45,553 | -€75,000 | -62.2% |
| Remuneration, social security and pensions | 62 | €379,114 | €435,762 | +€56,647 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,666 | €19,587 | -€1,079 | -5.2% |
| Other operating charges | 640/8 | €52,151 | €24,410 | -€27,741 | -53.2% |
| Non-recurring operating charges | 66A | €15,000 | €28,000 | +€13,000 | +86.7% |
| Gross operating margin | 9900 | €548,620 | €708,181 | +€159,561 | +29.1% |
| Operating profit (loss) | 9901 | €81,689 | €200,422 | +€118,733 | +145.3% |
| Financial income | 75/76B | €73 | €38 | -€36 | -48.8% |
| Recurring financial income | 75 | €73 | €38 | -€36 | -48.8% |
| Financial charges | 65/66B | €25,022 | €11,718 | -€13,304 | -53.2% |
| Recurring financial charges | 65 | €25,022 | €11,718 | -€13,304 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €56,741 | €188,742 | +€132,002 | +232.6% |
| Income taxes | 67/77 | €17,961 | €50,180 | +€32,219 | +179.4% |
| Profit (loss) for the period | 9904 | €38,780 | €138,562 | +€99,783 | +257.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,780 | €138,562 | +€99,783 | +257.3% |
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.