KaMiNut: 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.
KaMiNut
Largest movements
- Receivables within one year +€31,208
up €31,208 (+259.2%), from €12,041 to €43,249
of which Other amounts receivable: +€28,610
- Receivables after one year -€9,300
no longer reported in 2025 (was €9,300)
- Tangible fixed assets -€2,559
no longer reported in 2025 (was €2,559)
- Deferred charges and accrued income +€1,157
up €1,157 (+144.7%), from €800 to €1,957
- Profit (loss) carried forward +€15,401
no longer reported in 2025 (was -€15,401)
- Debts after one year +€6,939
up €6,939 (+86.7%), from €8,000 to €14,939
- Tax, wage and social debts -€2,610
down €2,610 (-88.3%), from €2,957 to €347
- Reserves +€1,121
up €1,121 (+7.7%), from €14,558 to €15,679
- Gross operating margin +€31,731
up €31,731, from -€6,659 to €25,072
- Financial charges +€5,258
up €5,258 (+251.8%), from €2,088 to €7,346
- Depreciation -€744
down €744 (-22.5%), from €3,303 to €2,559
- Financial income +€548
up €548 (+52.5%), from €1,045 to €1,594
- Other operating charges -€321
no longer reported in 2025 (was €321)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,949 | €45,455 | +€20,506 | +82.2% |
| Fixed assets | 21/28 | €2,809 | €250 | -€2,559 | -91.1% |
| Tangible fixed assets | 22/27 | €2,559 | - | -€2,559 | |
| Furniture and vehicles | 24 | €2,559 | - | -€2,559 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €22,140 | €45,205 | +€23,065 | +104.2% |
| Amounts receivable after more than one year | 29 | €9,300 | - | -€9,300 | |
| Other amounts receivable | 291 | €9,300 | - | -€9,300 | |
| Amounts receivable within one year | 40/41 | €12,041 | €43,249 | +€31,208 | +259.2% |
| Trade receivables | 40 | €1,906 | €4,504 | +€2,597 | +136.3% |
| Other amounts receivable | 41 | €10,135 | €38,745 | +€28,610 | +282.3% |
| Deferred charges and accrued income | 490/1 | €800 | €1,957 | +€1,157 | +144.7% |
| Total equity and liabilities | 10/49 | €24,949 | €45,455 | +€20,506 | +82.2% |
| Equity | 10/15 | €5,358 | €21,879 | +€16,521 | +308.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,558 | €15,679 | +€1,121 | +7.7% |
| Distributable reserves | 133 | €14,558 | €15,679 | +€1,121 | +7.7% |
| Profit (loss) carried forward | 14 | -€15,401 | - | +€15,401 | |
| Amounts payable | 17/49 | €19,591 | €23,576 | +€3,985 | +20.3% |
| Amounts payable after more than one year | 17 | €8,000 | €14,939 | +€6,939 | +86.7% |
| Financial debts | 170/4 | €8,000 | €14,939 | +€6,939 | +86.7% |
| Amounts payable within one year | 42/48 | €11,591 | €8,638 | -€2,954 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €3,867 | -€133 | -3.3% |
| Financial debts | 43 | €3,116 | €3,342 | +€226 | +7.3% |
| Credit institutions | 430/8 | €3,116 | €3,342 | +€226 | +7.3% |
| Trade debts | 44 | €1,519 | €1,082 | -€436 | -28.7% |
| Suppliers | 440/4 | €1,519 | €1,082 | -€436 | -28.7% |
| Taxes, remuneration and social security | 45 | €2,957 | €347 | -€2,610 | -88.3% |
| Taxes | 450/3 | €2,957 | €347 | -€2,610 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,303 | €2,559 | -€744 | -22.5% |
| Other operating charges | 640/8 | €321 | - | -€321 | |
| Gross operating margin | 9900 | -€6,659 | €25,072 | +€31,731 | |
| Operating profit (loss) | 9901 | -€10,283 | €22,513 | +€32,797 | |
| Financial income | 75/76B | €1,045 | €1,594 | +€548 | +52.5% |
| Recurring financial income | 75 | €1,045 | €1,594 | +€548 | +52.5% |
| Financial charges | 65/66B | €2,088 | €7,346 | +€5,258 | +251.8% |
| Recurring financial charges | 65 | €2,088 | €7,346 | +€5,258 | +251.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,326 | €16,761 | +€28,087 | |
| Income taxes | 67/77 | €107 | €240 | +€133 | +124.8% |
| Profit (loss) for the period | 9904 | -€11,433 | €16,521 | +€27,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,433 | €16,521 | +€27,954 |
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 9 October 2026 via checked.be.