KAMMON: 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.
KAMMON
Largest movements
- Receivables after one year +€575,019
up €575,019 (+289.5%), from €198,645 to €773,665
- Receivables within one year +€78,549
up €78,549 (+57.3%), from €137,202 to €215,751
of which Other amounts receivable: +€79,751
- Tangible fixed assets -€31,552
down €31,552 (-21.5%), from €147,012 to €115,460
of which Land and buildings: -€37,574
- Cash +€31,389
up €31,389 (+326.1%), from €9,626 to €41,016
mainly Net result for the year (+€518,224) and Provisions (+€169,441)
- Reserves +€508,333
up €508,333 (+73.0%), from €696,388 to €1.2m
of which Tax-exempt reserves: +€508,333
- Provisions +€169,441
new in 2025: €169,441
- Other debts -€35,346
down €35,346 (-88.2%), from €40,070 to €4,724
- Gross operating margin +€701,410
up €701,410, from -€13,799 to €687,612
- Financial income +€11,816
up €11,816 (+298.9%), from €3,954 to €15,770
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 | €772,146 | €1,425,551 | +€653,405 | +84.6% |
| Fixed assets | 21/28 | €147,012 | €115,460 | -€31,552 | -21.5% |
| Tangible fixed assets | 22/27 | €147,012 | €115,460 | -€31,552 | -21.5% |
| Land and buildings | 22 | €147,012 | €109,438 | -€37,574 | -25.6% |
| Plant, machinery and equipment | 23 | - | €6,022 | +€6,022 | |
| Current assets | 29/58 | €625,134 | €1,310,091 | +€684,957 | +109.6% |
| Amounts receivable after more than one year | 29 | €198,645 | €773,665 | +€575,019 | +289.5% |
| Other amounts receivable | 291 | €198,645 | €773,665 | +€575,019 | +289.5% |
| Amounts receivable within one year | 40/41 | €137,202 | €215,751 | +€78,549 | +57.3% |
| Trade receivables | 40 | €1,202 | - | -€1,202 | |
| Other amounts receivable | 41 | €136,000 | €215,751 | +€79,751 | +58.6% |
| Current investments | 50/53 | €279,660 | €279,660 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,626 | €41,016 | +€31,389 | +326.1% |
| Total equity and liabilities | 10/49 | €772,146 | €1,425,551 | +€653,405 | +84.6% |
| Equity | 10/15 | €731,995 | €1,250,219 | +€518,224 | +70.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €696,388 | €1,204,721 | +€508,333 | +73.0% |
| Non-distributable reserves | 130/1 | €279,660 | €279,660 | = | 0.0% |
| Own shares acquired | 1312 | €279,660 | €279,660 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €508,333 | +€508,333 | |
| Distributable reserves | 133 | €416,728 | €416,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,893 | -€16,002 | +€9,891 | +38.2% |
| Provisions and deferred taxes | 16 | - | €169,441 | +€169,441 | |
| Deferred taxes | 168 | - | €169,441 | +€169,441 | |
| Amounts payable | 17/49 | €40,151 | €5,891 | -€34,260 | -85.3% |
| Amounts payable within one year | 42/48 | €40,151 | €5,191 | -€34,960 | -87.1% |
| Trade debts | 44 | - | €467 | +€467 | |
| Suppliers | 440/4 | - | €467 | +€467 | |
| Taxes, remuneration and social security | 45 | €81 | - | -€81 | |
| Taxes | 450/3 | €81 | - | -€81 | |
| Other amounts payable | 47/48 | €40,070 | €4,724 | -€35,346 | -88.2% |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,070 | €5,384 | -€685 | -11.3% |
| Other operating charges | 640/8 | €9,667 | €9,062 | -€605 | -6.3% |
| Gross operating margin | 9900 | -€13,799 | €687,612 | +€701,410 | |
| Operating profit (loss) | 9901 | -€29,535 | €673,166 | +€702,701 | |
| Financial income | 75/76B | €3,954 | €15,770 | +€11,816 | +298.9% |
| Recurring financial income | 75 | €3,954 | €15,770 | +€11,816 | +298.9% |
| Financial charges | 65/66B | €67 | €1,271 | +€1,204 | +1800.5% |
| Recurring financial charges | 65 | €67 | €1,271 | +€1,204 | +1800.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,648 | €687,665 | +€713,313 | |
| Transfer to deferred taxes | 680 | - | €169,441 | +€169,441 | |
| Income taxes | 67/77 | €245 | - | -€245 | |
| Profit (loss) for the period | 9904 | -€25,893 | €518,224 | +€544,117 | |
| Transfer to tax-exempt reserves | 689 | - | €508,333 | +€508,333 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,893 | €9,891 | +€35,784 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.