KAMINO: 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.
KAMINO
Largest movements
- Tangible fixed assets +€43,215
up €43,215 (+1,406%), from €3,074 to €46,289
of which Furniture and vehicles: +€40,760
- Receivables within one year -€5,507
down €5,507 (-29.7%), from €18,569 to €13,062
- Cash -€4,958
down €4,958 (-2.4%), from €208,980 to €204,022
mainly Investment in fixed assets (net) (-€52,200) and Contributions, distributions and other (-€45,627)
- Other debts +€38,839
up €38,839 (+473%), from €8,217 to €47,055
- Tax, wage and social debts -€4,211
down €4,211 (-29.9%), from €14,094 to €9,883
- Trade debts -€3,002
down €3,002 (-44.7%), from €6,719 to €3,717
- Gross operating margin +€9,860
up €9,860 (+15.8%), from €62,286 to €72,146
- Depreciation +€4,854
up €4,854 (+200%), from €2,426 to €7,280
- Taxes +€3,042
up €3,042 (+23.1%), from €13,158 to €16,200
- Financial income +€730
up €730 (+756%), from €97 to €827
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 | €234,145 | €268,302 | +€34,157 | +14.6% |
| Fixed assets | 21/28 | €3,074 | €47,994 | +€44,920 | +1,461% |
| Intangible fixed assets | 21 | - | €1,705 | +€1,705 | |
| Tangible fixed assets | 22/27 | €3,074 | €46,289 | +€43,215 | +1,406% |
| Plant, machinery and equipment | 23 | €2,019 | €1,474 | -€546 | -27.0% |
| Furniture and vehicles | 24 | €1,055 | €41,815 | +€40,760 | +3,864% |
| Other tangible fixed assets | 26 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €231,071 | €220,307 | -€10,763 | -4.7% |
| Amounts receivable within one year | 40/41 | €18,569 | €13,062 | -€5,507 | -29.7% |
| Trade receivables | 40 | €18,569 | €13,062 | -€5,507 | -29.7% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €208,980 | €204,022 | -€4,958 | -2.4% |
| Deferred charges and accrued income | 490/1 | €2,521 | €2,223 | -€298 | -11.8% |
| Total equity and liabilities | 10/49 | €234,145 | €268,302 | +€34,157 | +14.6% |
| Equity | 10/15 | €205,116 | €207,646 | +€2,530 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,516 | €189,046 | +€2,530 | +1.4% |
| Distributable reserves | 133 | €186,516 | €189,046 | +€2,530 | +1.4% |
| Amounts payable | 17/49 | €29,029 | €60,656 | +€31,626 | +109% |
| Amounts payable within one year | 42/48 | €29,029 | €60,656 | +€31,626 | +109% |
| Trade debts | 44 | €6,719 | €3,717 | -€3,002 | -44.7% |
| Suppliers | 440/4 | €6,719 | €3,717 | -€3,002 | -44.7% |
| Taxes, remuneration and social security | 45 | €14,094 | €9,883 | -€4,211 | -29.9% |
| Taxes | 450/3 | €14,094 | €9,883 | -€4,211 | -29.9% |
| Other amounts payable | 47/48 | €8,217 | €47,055 | +€38,839 | +473% |
| Non-recurring operating income | 76A | - | €6,048 | +€6,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,426 | €7,280 | +€4,854 | +200% |
| Other operating charges | 640/8 | €904 | €1,063 | +€159 | +17.6% |
| Gross operating margin | 9900 | €62,286 | €72,146 | +€9,860 | +15.8% |
| Operating profit (loss) | 9901 | €58,956 | €63,803 | +€4,847 | +8.2% |
| Financial income | 75/76B | €97 | €827 | +€730 | +756% |
| Recurring financial income | 75 | €97 | €827 | +€730 | +756% |
| Financial charges | 65/66B | €268 | €272 | +€5 | +1.8% |
| Recurring financial charges | 65 | €268 | €272 | +€5 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €58,785 | €64,357 | +€5,572 | +9.5% |
| Income taxes | 67/77 | €13,158 | €16,200 | +€3,042 | +23.1% |
| Profit (loss) for the period | 9904 | €45,627 | €48,157 | +€2,530 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,627 | €48,157 | +€2,530 | +5.5% |
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 25 October 2026 via checked.be.