KAMISU: 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.
KAMISU
Largest movements
- Tangible fixed assets -€44,521
down €44,521 (-41.3%), from €107,909 to €63,388
of which Furniture and vehicles: -€44,308
- Cash -€7,098
down €7,098 (-10.9%), from €65,320 to €58,221
mainly Contributions, distributions and other (-€64,907) and Other debts (-€49,813)
- Receivables within one year +€2,962
up €2,962 (+20.2%), from €14,693 to €17,655
of which Other amounts receivable: +€1,742
- Other debts -€49,813
down €49,813 (-30.0%), from €165,807 to €115,994
- Depreciation -€12,023
down €12,023 (-38.4%), from €31,296 to €19,273
- Gross operating margin -€8,131
down €8,131 (-7.0%), from €115,725 to €107,594
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,514 | €142,458 | -€50,056 | -26.0% |
| Fixed assets | 21/28 | €108,159 | €63,388 | -€44,771 | -41.4% |
| Tangible fixed assets | 22/27 | €107,909 | €63,388 | -€44,521 | -41.3% |
| Land and buildings | 22 | €3,687 | €3,474 | -€213 | -5.8% |
| Furniture and vehicles | 24 | €104,222 | €59,914 | -€44,308 | -42.5% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €84,355 | €79,070 | -€5,285 | -6.3% |
| Amounts receivable within one year | 40/41 | €14,693 | €17,655 | +€2,962 | +20.2% |
| Trade receivables | 40 | €14,691 | €15,912 | +€1,220 | +8.3% |
| Other amounts receivable | 41 | €1 | €1,743 | +€1,742 | +146392.4% |
| Cash at bank and in hand | 54/58 | €65,320 | €58,221 | -€7,098 | -10.9% |
| Deferred charges and accrued income | 490/1 | €4,343 | €3,194 | -€1,149 | -26.5% |
| Total equity and liabilities | 10/49 | €192,514 | €142,458 | -€50,056 | -26.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €173,914 | €123,858 | -€50,056 | -28.8% |
| Amounts payable within one year | 42/48 | €172,888 | €122,774 | -€50,114 | -29.0% |
| Financial debts | 43 | €1,023 | €60 | -€962 | -94.1% |
| Credit institutions | 430/8 | €1,023 | €60 | -€962 | -94.1% |
| Trade debts | 44 | €1,629 | €1,175 | -€454 | -27.9% |
| Suppliers | 440/4 | €1,629 | €1,175 | -€454 | -27.9% |
| Taxes, remuneration and social security | 45 | €4,429 | €5,545 | +€1,116 | +25.2% |
| Taxes | 450/3 | €4,429 | €5,545 | +€1,116 | +25.2% |
| Other amounts payable | 47/48 | €165,807 | €115,994 | -€49,813 | -30.0% |
| Accrued charges and deferred income | 492/3 | €1,027 | €1,084 | +€58 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,296 | €19,273 | -€12,023 | -38.4% |
| Other operating charges | 640/8 | €491 | €407 | -€84 | -17.2% |
| Non-recurring operating charges | 66A | - | €4,512 | +€4,512 | |
| Gross operating margin | 9900 | €115,725 | €107,594 | -€8,131 | -7.0% |
| Operating profit (loss) | 9901 | €83,937 | €83,402 | -€535 | -0.6% |
| Financial charges | 65/66B | €1,195 | €1,233 | +€38 | +3.2% |
| Recurring financial charges | 65 | €1,195 | €1,233 | +€38 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €82,743 | €82,169 | -€574 | -0.7% |
| Income taxes | 67/77 | €17,474 | €17,262 | -€212 | -1.2% |
| Profit (loss) for the period | 9904 | €65,269 | €64,907 | -€362 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,269 | €64,907 | -€362 | -0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.