KAMKO: 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.
KAMKO
Largest movements
- Cash -€34,085
down €34,085 (-25.6%), from €133,057 to €98,971
mainly Receivables within one year (-€22,433) and Tax, wage and social debts (-€10,598)
- Receivables within one year +€22,433
up €22,433 (+232.8%), from €9,634 to €32,067
of which Trade receivables: +€22,457
- Tangible fixed assets -€5,209
down €5,209 (-33.3%), from €15,634 to €10,425
of which Furniture and vehicles: -€4,903
- Tax, wage and social debts -€10,598
down €10,598 (-54.1%), from €19,603 to €9,005
of which Taxes: -€8,685
- Debts after one year -€6,218
down €6,218 (-79.5%), from €7,818 to €1,600
- Gross operating margin -€53,208
down €53,208 (-86.5%), from €61,535 to €8,327
- Taxes -€10,445
down €10,445 (-88.5%), from €11,803 to €1,358
- Financial income +€671
up €671 (+134100.0%), from €1 to €671
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
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 | €158,626 | €142,491 | -€16,135 | -10.2% |
| Fixed assets | 21/28 | €15,634 | €10,425 | -€5,209 | -33.3% |
| Tangible fixed assets | 22/27 | €15,634 | €10,425 | -€5,209 | -33.3% |
| Plant, machinery and equipment | 23 | €489 | €183 | -€306 | -62.6% |
| Furniture and vehicles | 24 | €15,145 | €10,242 | -€4,903 | -32.4% |
| Current assets | 29/58 | €142,992 | €132,066 | -€10,926 | -7.6% |
| Amounts receivable within one year | 40/41 | €9,634 | €32,067 | +€22,433 | +232.8% |
| Trade receivables | 40 | €9,611 | €32,067 | +€22,457 | +233.7% |
| Other amounts receivable | 41 | €24 | €0 | -€24 | -100.0% |
| Cash at bank and in hand | 54/58 | €133,057 | €98,971 | -€34,085 | -25.6% |
| Deferred charges and accrued income | 490/1 | €301 | €1,027 | +€727 | +241.7% |
| Total equity and liabilities | 10/49 | €158,626 | €142,491 | -€16,135 | -10.2% |
| Equity | 10/15 | €122,057 | €123,267 | +€1,210 | +1.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €120,057 | €121,267 | +€1,210 | +1.0% |
| Distributable reserves | 133 | €120,057 | €121,267 | +€1,210 | +1.0% |
| Amounts payable | 17/49 | €36,569 | €19,225 | -€17,344 | -47.4% |
| Amounts payable after more than one year | 17 | €7,818 | €1,600 | -€6,218 | -79.5% |
| Financial debts | 170/4 | €7,818 | €1,600 | -€6,218 | -79.5% |
| Amounts payable within one year | 42/48 | €27,877 | €17,229 | -€10,648 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €5,936 | €6,218 | +€282 | +4.8% |
| Trade debts | 44 | €363 | €378 | +€15 | +4.0% |
| Suppliers | 440/4 | €363 | €378 | +€15 | +4.0% |
| Taxes, remuneration and social security | 45 | €19,603 | €9,005 | -€10,598 | -54.1% |
| Taxes | 450/3 | €17,690 | €9,005 | -€8,685 | -49.1% |
| Remuneration and social security | 454/9 | €1,913 | €0 | -€1,913 | -100.0% |
| Other amounts payable | 47/48 | €1,975 | €1,628 | -€347 | -17.6% |
| Accrued charges and deferred income | 492/3 | €874 | €396 | -€479 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,209 | €5,209 | = | 0.0% |
| Other operating charges | 640/8 | €402 | €327 | -€75 | -18.7% |
| Gross operating margin | 9900 | €61,535 | €8,327 | -€53,208 | -86.5% |
| Operating profit (loss) | 9901 | €55,924 | €2,791 | -€53,133 | -95.0% |
| Financial income | 75/76B | €1 | €671 | +€671 | +134100.0% |
| Recurring financial income | 75 | €1 | €671 | +€671 | +134100.0% |
| Financial charges | 65/66B | €1,064 | €894 | -€170 | -16.0% |
| Recurring financial charges | 65 | €1,064 | €894 | -€170 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €54,860 | €2,568 | -€52,292 | -95.3% |
| Income taxes | 67/77 | €11,803 | €1,358 | -€10,445 | -88.5% |
| Profit (loss) for the period | 9904 | €43,057 | €1,210 | -€41,847 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,057 | €1,210 | -€41,847 | -97.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.