KAMOUN: 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.
KAMOUN
Largest movements
- Cash -€5,817
down €5,817 (-24.2%), from €24,014 to €18,197
mainly Trade debts (-€15,939) and Net result for the year (-€13,371)
- Tangible fixed assets -€5,035
down €5,035 (-23.3%), from €21,617 to €16,582
of which Plant, machinery and equipment: -€3,194
- Deferred charges and accrued income +€4,453
up €4,453 (+138.1%), from €3,224 to €7,678
- Receivables within one year +€4,242
up €4,242 (+104.4%), from €4,063 to €8,304
of which Trade receivables: +€4,274
- Stocks and contracts -€4,151
down €4,151 (-9.9%), from €41,737 to €37,586
- Trade debts -€15,939
down €15,939 (-30.2%), from €52,773 to €36,834
- Tax, wage and social debts +€15,060
up €15,060 (+44.8%), from €33,629 to €48,689
of which Remuneration and social security: +€11,473
- Profit (loss) carried forward -€13,371
down €13,371 (-177.9%), from -€7,516 to -€20,887
- Current portion of long-term debt +€5,843
new in 2025: €5,843
- Gross operating margin -€73,818
down €73,818 (-20.8%), from €355,544 to €281,726
- Staff costs -€62,253
down €62,253 (-18.1%), from €343,763 to €281,510
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 | €104,918 | €95,466 | -€9,451 | -9.0% |
| Fixed assets | 21/28 | €31,880 | €23,701 | -€8,179 | -25.7% |
| Intangible fixed assets | 21 | €10,263 | €7,120 | -€3,143 | -30.6% |
| Tangible fixed assets | 22/27 | €21,617 | €16,582 | -€5,035 | -23.3% |
| Plant, machinery and equipment | 23 | €14,173 | €10,980 | -€3,194 | -22.5% |
| Furniture and vehicles | 24 | €7,444 | €5,602 | -€1,842 | -24.7% |
| Current assets | 29/58 | €73,038 | €71,765 | -€1,273 | -1.7% |
| Stocks and contracts in progress | 3 | €41,737 | €37,586 | -€4,151 | -9.9% |
| Stocks | 30/36 | €41,737 | €37,586 | -€4,151 | -9.9% |
| Amounts receivable within one year | 40/41 | €4,063 | €8,304 | +€4,242 | +104.4% |
| Trade receivables | 40 | €3,060 | €7,334 | +€4,274 | +139.6% |
| Other amounts receivable | 41 | €1,002 | €970 | -€32 | -3.2% |
| Cash at bank and in hand | 54/58 | €24,014 | €18,197 | -€5,817 | -24.2% |
| Deferred charges and accrued income | 490/1 | €3,224 | €7,678 | +€4,453 | +138.1% |
| Total equity and liabilities | 10/49 | €104,918 | €95,466 | -€9,451 | -9.0% |
| Equity | 10/15 | €1,484 | -€11,887 | -€13,371 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,516 | -€20,887 | -€13,371 | -177.9% |
| Amounts payable | 17/49 | €103,434 | €107,353 | +€3,919 | +3.8% |
| Amounts payable within one year | 42/48 | €103,434 | €107,353 | +€3,919 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,843 | +€5,843 | |
| Trade debts | 44 | €52,773 | €36,834 | -€15,939 | -30.2% |
| Suppliers | 440/4 | €52,773 | €36,834 | -€15,939 | -30.2% |
| Taxes, remuneration and social security | 45 | €33,629 | €48,689 | +€15,060 | +44.8% |
| Taxes | 450/3 | €16,379 | €19,966 | +€3,587 | +21.9% |
| Remuneration and social security | 454/9 | €17,250 | €28,723 | +€11,473 | +66.5% |
| Other amounts payable | 47/48 | €17,032 | €15,988 | -€1,044 | -6.1% |
| Remuneration, social security and pensions | 62 | €343,763 | €281,510 | -€62,253 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,436 | €8,179 | +€742 | +10.0% |
| Other operating charges | 640/8 | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €355,544 | €281,726 | -€73,818 | -20.8% |
| Operating profit (loss) | 9901 | €1,845 | -€7,963 | -€9,808 | |
| Financial income | 75/76B | €3 | €2 | -€1 | -42.7% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -42.7% |
| Financial charges | 65/66B | €5,488 | €5,410 | -€78 | -1.4% |
| Recurring financial charges | 65 | €5,488 | €5,410 | -€78 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,640 | -€13,371 | -€9,731 | -267.4% |
| Profit (loss) for the period | 9904 | -€3,640 | -€13,371 | -€9,731 | -267.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,640 | -€13,371 | -€9,731 | -267.4% |
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 12 October 2026 via checked.be.