Kamoen Projects: 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.
Kamoen Projects
Largest movements
- Cash +€76,027
up €76,027 (+40.3%), from €188,634 to €264,661
mainly Receivables within one year (+€48,610) and Investment in fixed assets (net) (+€40,063)
- Tangible fixed assets -€63,498
down €63,498 (-68.2%), from €93,098 to €29,600
of which Furniture and vehicles: -€50,334
- Receivables within one year -€48,610
down €48,610 (-38.5%), from €126,193 to €77,583
of which Trade receivables: -€53,762
- Deferred charges and accrued income +€9,712
new in 2025: €9,712
- Tax, wage and social debts -€27,993
down €27,993 (-57.4%), from €48,742 to €20,749
of which Taxes: -€27,993
- Reserves +€14,779
up €14,779 (+6.7%), from €219,467 to €234,246
- Trade debts -€6,198
down €6,198 (-23.2%), from €26,708 to €20,510
- Gross operating margin -€36,909
down €36,909 (-40.4%), from €91,316 to €54,407
- Taxes -€8,059
down €8,059 (-56.8%), from €14,188 to €6,129
- Depreciation -€4,013
down €4,013 (-14.6%), from €27,448 to €23,435
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 | €407,925 | €381,557 | -€26,368 | -6.5% |
| Fixed assets | 21/28 | €93,098 | €29,600 | -€63,498 | -68.2% |
| Tangible fixed assets | 22/27 | €93,098 | €29,600 | -€63,498 | -68.2% |
| Plant, machinery and equipment | 23 | €27,272 | €21,255 | -€6,017 | -22.1% |
| Furniture and vehicles | 24 | €50,334 | €0 | -€50,334 | -100.0% |
| Leasing and similar rights | 25 | €15,492 | €8,345 | -€7,147 | -46.1% |
| Current assets | 29/58 | €314,827 | €351,957 | +€37,130 | +11.8% |
| Amounts receivable within one year | 40/41 | €126,193 | €77,583 | -€48,610 | -38.5% |
| Trade receivables | 40 | €117,704 | €63,942 | -€53,762 | -45.7% |
| Other amounts receivable | 41 | €8,488 | €13,641 | +€5,152 | +60.7% |
| Cash at bank and in hand | 54/58 | €188,634 | €264,661 | +€76,027 | +40.3% |
| Deferred charges and accrued income | 490/1 | - | €9,712 | +€9,712 | |
| Total equity and liabilities | 10/49 | €407,925 | €381,557 | -€26,368 | -6.5% |
| Equity | 10/15 | €221,467 | €236,246 | +€14,779 | +6.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €219,467 | €234,246 | +€14,779 | +6.7% |
| Distributable reserves | 133 | €219,467 | €234,246 | +€14,779 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €186,457 | €145,311 | -€41,146 | -22.1% |
| Amounts payable after more than one year | 17 | €6,287 | €2,430 | -€3,857 | -61.3% |
| Financial debts | 170/4 | €6,287 | €2,430 | -€3,857 | -61.3% |
| Amounts payable within one year | 42/48 | €173,458 | €136,581 | -€36,877 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €3,857 | €3,857 | = | 0.0% |
| Trade debts | 44 | €26,708 | €20,510 | -€6,198 | -23.2% |
| Suppliers | 440/4 | €26,708 | €20,510 | -€6,198 | -23.2% |
| Taxes, remuneration and social security | 45 | €48,742 | €20,749 | -€27,993 | -57.4% |
| Taxes | 450/3 | €48,742 | €20,749 | -€27,993 | -57.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €94,151 | €91,465 | -€2,686 | -2.9% |
| Accrued charges and deferred income | 492/3 | €6,712 | €6,300 | -€412 | -6.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €246 | - | -€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,448 | €23,435 | -€4,013 | -14.6% |
| Other operating charges | 640/8 | €1,760 | €2,015 | +€255 | +14.5% |
| Gross operating margin | 9900 | €91,316 | €54,407 | -€36,909 | -40.4% |
| Operating profit (loss) | 9901 | €61,862 | €28,957 | -€32,905 | -53.2% |
| Financial income | 75/76B | €2,030 | €1,226 | -€804 | -39.6% |
| Recurring financial income | 75 | €2,030 | €1,226 | -€804 | -39.6% |
| Financial charges | 65/66B | €8,844 | €9,275 | +€430 | +4.9% |
| Recurring financial charges | 65 | €8,844 | €9,275 | +€430 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €55,047 | €20,908 | -€34,140 | -62.0% |
| Income taxes | 67/77 | €14,188 | €6,129 | -€8,059 | -56.8% |
| Profit (loss) for the period | 9904 | €40,860 | €14,779 | -€26,081 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,860 | €14,779 | -€26,081 | -63.8% |
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 3 October 2026 via checked.be.