KAMO: 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.
What changed
KAMO
NACE 23.700, Cutting, shaping and finishing of stone
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€134,748
2024 · €333,606-€198,857
Equity
€1.1m
2024 · €949,840+€111,628
Cash
€455,309
2024 · €360,386+€94,922
Balance sheet total
€1.9m
2024 · €2.2m-€261,487
Largest movements
Assets
- Receivables after one year -€178,199
no longer reported in 2025 (was €178,199)
- Tangible fixed assets -€153,934
down €153,934 (-20.1%), from €767,269 to €613,334
- Stocks and contracts +€113,607
up €113,607 (+33.8%), from €336,368 to €449,975
- Current investments -€106,896
no longer reported in 2025 (was €106,896)
- Cash +€94,922
up €94,922 (+26.3%), from €360,386 to €455,309
mainly Receivables after one year (+€178,199) and Depreciation (+€168,714)
Equity and liabilities
- Debts after one year -€285,107
down €285,107 (-56.5%), from €504,699 to €219,593
- Profit (loss) carried forward +€111,628
up €111,628 (+21.7%), from €514,601 to €626,229
- Current portion of long-term debt -€101,830
down €101,830 (-44.8%), from €227,293 to €125,463
- Advances received +€57,251
new in 2025: €57,251
- Other debts -€29,979
no longer reported in 2025 (was €29,979)
Income statement
- Gross operating margin -€132,941
down €132,941 (-6.1%), from €2.2m to €2.1m
- Staff costs +€122,090
up €122,090 (+7.9%), from €1.5m to €1.7m
- Taxes -€59,773
down €59,773 (-53.1%), from €112,539 to €52,766
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.
Result 2024
€333,606
Gross operating margin
-€132,941
Staff costs
-€122,090
Depreciation
-€1,627
Write-downs
-€1,504
Other operating charges
-€52
Financial income
-€1,763
Financial charges
+€1,346
Taxes
+€59,773
Result 2025
€134,748
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.
From operations
+€426,380
Investment
+€91,693
Financing
-€423,151
Cash 2024
€360,386
From operations (derived)
+€426,380
Net result for the year
+€134,748
Depreciation
+€168,714
Receivables after one year
+€178,199
Stocks and contracts
-€113,607
Receivables within one year
+€32,247
Deferred charges and accrued income
-€836
Trade debts
+€3,149
Tax, wage and social debts
-€2,209
Advances received
+€57,251
Other debts
-€29,979
Accrued charges and deferred income
-€1,298
Investment (derived)
+€91,693
Investment in fixed assets (net)
-€15,203
Current investments
+€106,896
Financing
-€423,151
Debts after one year
-€285,107
Current portion of long-term debt
-€101,830
Short-term financial debts
-€13,094
Contributions, distributions and other
-€23,120
Cash 2025
€455,309
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,190,039 | €1,928,551 | -€261,487 | -11.9% |
| Fixed assets | 21/28 | €767,767 | €614,256 | -€153,511 | -20.0% |
| Tangible fixed assets | 22/27 | €767,269 | €613,334 | -€153,934 | -20.1% |
| Land and buildings | 22 | €186,477 | €154,160 | -€32,317 | -17.3% |
| Plant, machinery and equipment | 23 | €133,661 | €91,883 | -€41,778 | -31.3% |
| Furniture and vehicles | 24 | €54,599 | €45,473 | -€9,126 | -16.7% |
| Leasing and similar rights | 25 | €392,531 | €321,818 | -€70,713 | -18.0% |
| Financial fixed assets | 28 | €499 | €922 | +€423 | +84.9% |
| Current assets | 29/58 | €1,422,272 | €1,314,295 | -€107,976 | -7.6% |
| Amounts receivable after more than one year | 29 | €178,199 | - | -€178,199 | |
| Other amounts receivable | 291 | €178,199 | - | -€178,199 | |
| Stocks and contracts in progress | 3 | €336,368 | €449,975 | +€113,607 | +33.8% |
| Stocks | 30/36 | €336,368 | €449,975 | +€113,607 | +33.8% |
| Amounts receivable within one year | 40/41 | €436,956 | €404,709 | -€32,247 | -7.4% |
| Trade receivables | 40 | €358,468 | €276,882 | -€81,586 | -22.8% |
| Other amounts receivable | 41 | €78,488 | €127,827 | +€49,339 | +62.9% |
| Current investments | 50/53 | €106,896 | - | -€106,896 | |
| Cash at bank and in hand | 54/58 | €360,386 | €455,309 | +€94,922 | +26.3% |
| Deferred charges and accrued income | 490/1 | €3,466 | €4,302 | +€836 | +24.1% |
| Total equity and liabilities | 10/49 | €2,190,039 | €1,928,551 | -€261,487 | -11.9% |
| Equity | 10/15 | €949,840 | €1,061,469 | +€111,628 | +11.8% |
| Contributions | 10/11 | €249,118 | €249,118 | = | 0.0% |
| Capital | 10 | €248,670 | €248,670 | = | 0.0% |
| Issued capital | 100 | €248,670 | €248,670 | = | 0.0% |
| Outside capital | 11 | €448 | €448 | = | 0.0% |
| Share premium | 1100/10 | €448 | €448 | = | 0.0% |
| Reserves | 13 | €186,121 | €186,121 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,865 | €24,865 | = | 0.0% |
| Legal reserve | 130 | €24,865 | €24,865 | = | 0.0% |
| Distributable reserves | 133 | €161,256 | €161,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514,601 | €626,229 | +€111,628 | +21.7% |
| Amounts payable | 17/49 | €1,240,198 | €867,083 | -€373,116 | -30.1% |
| Amounts payable after more than one year | 17 | €504,699 | €219,593 | -€285,107 | -56.5% |
| Financial debts | 170/4 | €504,699 | €219,593 | -€285,107 | -56.5% |
| Amounts payable within one year | 42/48 | €730,388 | €643,677 | -€86,711 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €227,293 | €125,463 | -€101,830 | -44.8% |
| Financial debts | 43 | €40,014 | €26,920 | -€13,094 | -32.7% |
| Credit institutions | 430/8 | €40,014 | €26,920 | -€13,094 | -32.7% |
| Trade debts | 44 | €331,249 | €334,398 | +€3,149 | +1.0% |
| Suppliers | 440/4 | €331,249 | €334,398 | +€3,149 | +1.0% |
| Advances received on contracts in progress | 46 | - | €57,251 | +€57,251 | |
| Taxes, remuneration and social security | 45 | €101,854 | €99,645 | -€2,209 | -2.2% |
| Taxes | 450/3 | €43,522 | €19,011 | -€24,510 | -56.3% |
| Remuneration and social security | 454/9 | €58,332 | €80,634 | +€22,301 | +38.2% |
| Other amounts payable | 47/48 | €29,979 | - | -€29,979 | |
| Accrued charges and deferred income | 492/3 | €5,111 | €3,813 | -€1,298 | -25.4% |
| Non-recurring operating income | 76A | €10,000 | €479 | -€9,521 | -95.2% |
| Remuneration, social security and pensions | 62 | €1,541,140 | €1,663,229 | +€122,090 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,087 | €168,714 | +€1,627 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,504 | +€1,504 | |
| Other operating charges | 640/8 | €10,456 | €10,508 | +€52 | +0.5% |
| Gross operating margin | 9900 | €2,185,310 | €2,052,368 | -€132,941 | -6.1% |
| Operating profit (loss) | 9901 | €466,627 | €208,413 | -€258,214 | -55.3% |
| Financial income | 75/76B | €5,251 | €3,488 | -€1,763 | -33.6% |
| Recurring financial income | 75 | €5,251 | €3,488 | -€1,763 | -33.6% |
| Financial charges | 65/66B | €25,733 | €24,387 | -€1,346 | -5.2% |
| Recurring financial charges | 65 | €25,733 | €24,387 | -€1,346 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €446,145 | €187,514 | -€258,631 | -58.0% |
| Income taxes | 67/77 | €112,539 | €52,766 | -€59,773 | -53.1% |
| Profit (loss) for the period | 9904 | €333,606 | €134,748 | -€198,857 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €333,606 | €134,748 | -€198,857 | -59.6% |
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 1 October 2026 via checked.be.