KAMINSKI SGP: what changed
KAMINSKI SGP
Largest movements
- Tangible fixed assets +€46,405
up €46,405 (+335%), from €13,871 to €60,275
of which Furniture and vehicles: +€42,669
- Cash -€20,600
down €20,600 (-20.5%), from €100,571 to €79,970
- Receivables within one year -€18,316
down €18,316 (-34.1%), from €53,771 to €35,455
of which Trade receivables: -€25,496
- Reserves +€50,825
up €50,825 (+74.9%), from €67,855 to €118,680
- Other debts -€49,289
down €49,289 (-99.6%), from €49,491 to €202
- Debts after one year +€20,260
new in 2025: €20,260
- Trade debts -€16,726
down €16,726 (-90.7%), from €18,447 to €1,722
- Current portion of long-term debt +€5,784
new in 2025: €5,784
- Gross operating margin +€31,883
up €31,883 (+59.8%), from €53,298 to €85,181
- Depreciation +€8,919
up €8,919 (+166%), from €5,385 to €14,304
- Taxes +€6,326
up €6,326 (+51.8%), from €12,223 to €18,549
- Financial charges +€3,232
up €3,232 (+368%), from €878 to €4,110
- Financial income +€1,113
up €1,113 (+34.7%), from €3,208 to €4,322
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,212 | €178,701 | +€7,488 | +4.4% |
| Fixed assets | 21/28 | €13,871 | €60,275 | +€46,405 | +335% |
| Tangible fixed assets | 22/27 | €13,871 | €60,275 | +€46,405 | +335% |
| Plant, machinery and equipment | 23 | €3,935 | €6,729 | +€2,793 | +71.0% |
| Furniture and vehicles | 24 | €8,818 | €51,487 | +€42,669 | +484% |
| Other tangible fixed assets | 26 | €1,117 | €2,060 | +€943 | +84.4% |
| Current assets | 29/58 | €157,342 | €118,425 | -€38,917 | -24.7% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,771 | €35,455 | -€18,316 | -34.1% |
| Trade receivables | 40 | €49,870 | €24,375 | -€25,496 | -51.1% |
| Other amounts receivable | 41 | €3,901 | €11,080 | +€7,179 | +184% |
| Cash at bank and in hand | 54/58 | €100,571 | €79,970 | -€20,600 | -20.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €171,212 | €178,701 | +€7,488 | +4.4% |
| Equity | 10/15 | €89,403 | €140,228 | +€50,825 | +56.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,855 | €118,680 | +€50,825 | +74.9% |
| Distributable reserves | 133 | €67,855 | €118,680 | +€50,825 | +74.9% |
| Profit (loss) carried forward | 14 | €2,949 | €2,949 | = | 0.0% |
| Amounts payable | 17/49 | €81,809 | €38,472 | -€43,337 | -53.0% |
| Amounts payable after more than one year | 17 | - | €20,260 | +€20,260 | |
| Financial debts | 170/4 | - | €20,260 | +€20,260 | |
| Amounts payable within one year | 42/48 | €81,809 | €18,213 | -€63,596 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,784 | +€5,784 | |
| Trade debts | 44 | €18,447 | €1,722 | -€16,726 | -90.7% |
| Suppliers | 440/4 | €18,447 | €1,722 | -€16,726 | -90.7% |
| Taxes, remuneration and social security | 45 | €13,871 | €10,505 | -€3,365 | -24.3% |
| Taxes | 450/3 | €13,871 | €8,005 | -€5,865 | -42.3% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €49,491 | €202 | -€49,289 | -99.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,385 | €14,304 | +€8,919 | +166% |
| Other operating charges | 640/8 | €666 | €1,501 | +€835 | +125% |
| Non-recurring operating charges | 66A | - | €213 | +€213 | |
| Gross operating margin | 9900 | €53,298 | €85,181 | +€31,883 | +59.8% |
| Operating profit (loss) | 9901 | €47,247 | €69,162 | +€21,916 | +46.4% |
| Financial income | 75/76B | €3,208 | €4,322 | +€1,113 | +34.7% |
| Recurring financial income | 75 | €3,208 | €4,322 | +€1,113 | +34.7% |
| Financial charges | 65/66B | €878 | €4,110 | +€3,232 | +368% |
| Recurring financial charges | 65 | €878 | €4,110 | +€3,232 | +368% |
| Profit (loss) for the period before taxes | 9903 | €49,578 | €69,374 | +€19,797 | +39.9% |
| Income taxes | 67/77 | €12,223 | €18,549 | +€6,326 | +51.8% |
| Profit (loss) for the period | 9904 | €37,355 | €50,825 | +€13,471 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,355 | €50,825 | +€13,471 | +36.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.