KAMINA: 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.
KAMINA
Largest movements
- Tangible fixed assets +€62,184
up €62,184 (+18282.3%), from €340 to €62,524
of which Leasing and similar rights: +€60,852
- Cash -€20,640
down €20,640 (-26.1%), from €79,047 to €58,407
mainly Investment in fixed assets (net) (-€72,308) and Stocks and contracts (-€13,892)
- Stocks and contracts +€13,892
up €13,892 (+13.0%), from €106,772 to €120,664
- Receivables within one year +€12,499
up €12,499 (+616.8%), from €2,026 to €14,526
of which Other amounts receivable: +€11,719
- Debts after one year +€40,445
up €40,445 (+736.1%), from €5,494 to €45,940
- Reserves +€28,480
up €28,480 (+26.6%), from €107,185 to €135,666
of which Distributable reserves: +€28,480
- Current portion of long-term debt +€5,325
up €5,325 (+99.4%), from €5,357 to €10,682
- Gross operating margin +€14,124
up €14,124 (+11.3%), from €125,384 to €139,507
- Depreciation +€7,525
up €7,525 (+289.5%), from €2,599 to €10,124
- Financial charges +€1,908
up €1,908 (+126.0%), from €1,515 to €3,422
- Other operating charges +€1,814
up €1,814 (+37.8%), from €4,802 to €6,615
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 | €188,186 | €256,121 | +€67,936 | +36.1% |
| Fixed assets | 21/28 | €340 | €62,524 | +€62,184 | +18282.3% |
| Tangible fixed assets | 22/27 | €340 | €62,524 | +€62,184 | +18282.3% |
| Plant, machinery and equipment | 23 | €340 | €1,672 | +€1,332 | +391.7% |
| Leasing and similar rights | 25 | - | €60,852 | +€60,852 | |
| Current assets | 29/58 | €187,845 | €193,597 | +€5,752 | +3.1% |
| Stocks and contracts in progress | 3 | €106,772 | €120,664 | +€13,892 | +13.0% |
| Stocks | 30/36 | €106,772 | €120,664 | +€13,892 | +13.0% |
| Amounts receivable within one year | 40/41 | €2,026 | €14,526 | +€12,499 | +616.8% |
| Trade receivables | 40 | €2,026 | €2,807 | +€781 | +38.5% |
| Other amounts receivable | 41 | €0 | €11,719 | +€11,719 | |
| Cash at bank and in hand | 54/58 | €79,047 | €58,407 | -€20,640 | -26.1% |
| Total equity and liabilities | 10/49 | €188,186 | €256,121 | +€67,936 | +36.1% |
| Equity | 10/15 | €119,585 | €148,066 | +€28,480 | +23.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,185 | €135,666 | +€28,480 | +26.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €107,185 | €135,666 | +€28,480 | +26.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €68,600 | €108,055 | +€39,455 | +57.5% |
| Amounts payable after more than one year | 17 | €5,494 | €45,940 | +€40,445 | +736.1% |
| Financial debts | 170/4 | €5,494 | €45,940 | +€40,445 | +736.1% |
| Amounts payable within one year | 42/48 | €63,106 | €62,116 | -€990 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €5,357 | €10,682 | +€5,325 | +99.4% |
| Trade debts | 44 | €37,980 | €36,098 | -€1,882 | -5.0% |
| Suppliers | 440/4 | €37,980 | €36,098 | -€1,882 | -5.0% |
| Taxes, remuneration and social security | 45 | €17,451 | €15,336 | -€2,115 | -12.1% |
| Taxes | 450/3 | €3,338 | €4,702 | +€1,363 | +40.8% |
| Remuneration and social security | 454/9 | €14,112 | €10,634 | -€3,478 | -24.6% |
| Other amounts payable | 47/48 | €2,319 | €0 | -€2,319 | -100.0% |
| Remuneration, social security and pensions | 62 | €81,866 | €82,975 | +€1,110 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,599 | €10,124 | +€7,525 | +289.5% |
| Other operating charges | 640/8 | €4,802 | €6,615 | +€1,814 | +37.8% |
| Gross operating margin | 9900 | €125,384 | €139,507 | +€14,124 | +11.3% |
| Operating profit (loss) | 9901 | €36,117 | €39,793 | +€3,676 | +10.2% |
| Financial income | 75/76B | €3,090 | €2,699 | -€392 | -12.7% |
| Recurring financial income | 75 | €3,090 | €2,699 | -€392 | -12.7% |
| Financial charges | 65/66B | €1,515 | €3,422 | +€1,908 | +126.0% |
| Recurring financial charges | 65 | €1,515 | €3,422 | +€1,908 | +126.0% |
| Profit (loss) for the period before taxes | 9903 | €37,693 | €39,069 | +€1,376 | +3.7% |
| Income taxes | 67/77 | €11,327 | €10,589 | -€738 | -6.5% |
| Profit (loss) for the period | 9904 | €26,367 | €28,480 | +€2,114 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,367 | €28,480 | +€2,114 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 March 2024 and 30 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.