KaMiZa: 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.
KaMiZa
Largest movements
- Cash +€90,882
up €90,882 (+127%), from €71,755 to €162,637
mainly Net result for the year (+€128,914) and Depreciation (+€51,748)
- Tangible fixed assets -€45,649
down €45,649 (-5.0%), from €918,342 to €872,693
of which Land and buildings: -€22,839
- Receivables within one year -€38,454
down €38,454 (-34.3%), from €112,242 to €73,788
of which Trade receivables: -€24,887
- Reserves +€69,855
up €69,855 (+13.8%), from €506,851 to €576,706
- Debts after one year -€57,410
down €57,410 (-11.3%), from €507,650 to €450,240
- Gross operating margin +€83,958
up €83,958 (+55.9%), from €150,132 to €234,090
- Taxes +€19,374
up €19,374 (+81.5%), from €23,785 to €43,159
- Depreciation -€12,382
down €12,382 (-19.3%), from €64,130 to €51,748
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 | €1,137,938 | €1,147,507 | +€9,569 | +0.8% |
| Fixed assets | 21/28 | €918,342 | €872,693 | -€45,649 | -5.0% |
| Tangible fixed assets | 22/27 | €918,342 | €872,693 | -€45,649 | -5.0% |
| Land and buildings | 22 | €867,491 | €844,651 | -€22,839 | -2.6% |
| Plant, machinery and equipment | 23 | €526 | €1,838 | +€1,312 | +250% |
| Furniture and vehicles | 24 | €34,321 | €13,238 | -€21,083 | -61.4% |
| Other tangible fixed assets | 26 | €16,005 | €12,965 | -€3,039 | -19.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €219,596 | €274,814 | +€55,219 | +25.1% |
| Amounts receivable after more than one year | 29 | €27,035 | €28,540 | +€1,506 | +5.6% |
| Other amounts receivable | 291 | €27,035 | €28,540 | +€1,506 | +5.6% |
| Amounts receivable within one year | 40/41 | €112,242 | €73,788 | -€38,454 | -34.3% |
| Trade receivables | 40 | €70,547 | €45,660 | -€24,887 | -35.3% |
| Other amounts receivable | 41 | €41,695 | €28,128 | -€13,567 | -32.5% |
| Current investments | 50/53 | €2,417 | €4,980 | +€2,563 | +106% |
| Cash at bank and in hand | 54/58 | €71,755 | €162,637 | +€90,882 | +127% |
| Deferred charges and accrued income | 490/1 | €6,147 | €4,869 | -€1,278 | -20.8% |
| Total equity and liabilities | 10/49 | €1,137,938 | €1,147,507 | +€9,569 | +0.8% |
| Equity | 10/15 | €525,451 | €595,306 | +€69,855 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €506,851 | €576,706 | +€69,855 | +13.8% |
| Distributable reserves | 133 | €506,851 | €576,706 | +€69,855 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €612,487 | €552,201 | -€60,286 | -9.8% |
| Amounts payable after more than one year | 17 | €507,650 | €450,240 | -€57,410 | -11.3% |
| Financial debts | 170/4 | €507,650 | €450,240 | -€57,410 | -11.3% |
| Amounts payable within one year | 42/48 | €102,837 | €98,000 | -€4,836 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €56,667 | €57,410 | +€743 | +1.3% |
| Trade debts | 44 | €16,868 | €10,177 | -€6,691 | -39.7% |
| Suppliers | 440/4 | €16,868 | €10,177 | -€6,691 | -39.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,541 | €30,310 | +€3,770 | +14.2% |
| Taxes | 450/3 | €26,541 | €30,310 | +€3,770 | +14.2% |
| Other amounts payable | 47/48 | €2,761 | €103 | -€2,658 | -96.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,960 | +€1,960 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,130 | €51,748 | -€12,382 | -19.3% |
| Other operating charges | 640/8 | €3,211 | €5,228 | +€2,017 | +62.8% |
| Gross operating margin | 9900 | €150,132 | €234,090 | +€83,958 | +55.9% |
| Operating profit (loss) | 9901 | €82,791 | €177,114 | +€94,322 | +114% |
| Financial income | 75/76B | €1,923 | €2,247 | +€324 | +16.9% |
| Recurring financial income | 75 | €1,923 | €2,247 | +€324 | +16.9% |
| Financial charges | 65/66B | €7,861 | €7,288 | -€573 | -7.3% |
| Recurring financial charges | 65 | €7,861 | €7,288 | -€573 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €76,853 | €172,073 | +€95,220 | +124% |
| Income taxes | 67/77 | €23,785 | €43,159 | +€19,374 | +81.5% |
| Profit (loss) for the period | 9904 | €53,069 | €128,914 | +€75,845 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €53,069 | €128,914 | +€75,845 | +143% |
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 20 October 2026 via checked.be.