KAMPF: 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.
KAMPF
Largest movements
- Current investments -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Cash +€231,704
up €231,704 (+209.1%), from €110,819 to €342,523
mainly Current investments (+€1.2m) and Stocks and contracts (+€71,663)
- Stocks and contracts -€71,663
down €71,663 (-13.0%), from €552,903 to €481,240
- Receivables within one year -€22,932
down €22,932 (-6.7%), from €343,750 to €320,818
of which Other amounts receivable: -€14,131
- Other debts -€746,133
down €746,133 (-95.4%), from €782,081 to €35,948
- Tax, wage and social debts -€77,171
down €77,171 (-59.4%), from €129,940 to €52,769
of which Taxes: -€51,947
- Current portion of long-term debt -€75,630
down €75,630 (-100.0%), from €75,630 to €0
- Provisions -€51,855
down €51,855 (-45.0%), from €115,132 to €63,276
- Trade debts -€38,439
down €38,439 (-80.6%), from €47,668 to €9,229
- Gross operating margin -€851,361
down €851,361 (-65.9%), from €1.3m to €439,774
- Taxes -€181,722
down €181,722 (-93.5%), from €194,422 to €12,699
- Staff costs -€73,444
down €73,444 (-15.3%), from €479,408 to €405,964
- Provisions -€40,171
down €40,171 (-343.8%), from -€11,684 to -€51,855
- Financial charges -€13,003
down €13,003 (-17.6%), from €73,721 to €60,718
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,218,904 | €1,205,189 | -€1.0m | -45.7% |
| Fixed assets | 21/28 | €43,438 | €46,446 | +€3,008 | +6.9% |
| Tangible fixed assets | 22/27 | €43,438 | €38,326 | -€5,112 | -11.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €43,438 | €38,326 | -€5,112 | -11.8% |
| Financial fixed assets | 28 | - | €8,120 | +€8,120 | |
| Current assets | 29/58 | €2,175,466 | €1,158,743 | -€1.0m | -46.7% |
| Stocks and contracts in progress | 3 | €552,903 | €481,240 | -€71,663 | -13.0% |
| Stocks | 30/36 | €552,903 | €481,240 | -€71,663 | -13.0% |
| Amounts receivable within one year | 40/41 | €343,750 | €320,818 | -€22,932 | -6.7% |
| Trade receivables | 40 | €300,480 | €291,679 | -€8,801 | -2.9% |
| Other amounts receivable | 41 | €43,270 | €29,139 | -€14,131 | -32.7% |
| Current investments | 50/53 | €1,150,000 | €0 | -€1.2m | -100.0% |
| Cash at bank and in hand | 54/58 | €110,819 | €342,523 | +€231,704 | +209.1% |
| Deferred charges and accrued income | 490/1 | €17,995 | €14,162 | -€3,833 | -21.3% |
| Total equity and liabilities | 10/49 | €2,218,904 | €1,205,189 | -€1.0m | -45.7% |
| Equity | 10/15 | €978,317 | €987,276 | +€8,958 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €916,317 | €925,276 | +€8,958 | +1.0% |
| Non-distributable reserves | 130/1 | €48,964 | €48,964 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48,964 | €48,964 | = | 0.0% |
| Distributable reserves | 133 | €867,353 | €876,312 | +€8,958 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €115,132 | €63,276 | -€51,855 | -45.0% |
| Provisions for liabilities and charges | 160/5 | €115,132 | €63,276 | -€51,855 | -45.0% |
| Other liabilities and charges | 164/5 | €115,132 | €63,276 | -€51,855 | -45.0% |
| Amounts payable | 17/49 | €1,125,455 | €154,637 | -€970,818 | -86.3% |
| Amounts payable after more than one year | 17 | €55,000 | €55,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,035,320 | €97,947 | -€937,373 | -90.5% |
| Current portion of amounts payable after more than one year | 42 | €75,630 | €0 | -€75,630 | -100.0% |
| Trade debts | 44 | €47,668 | €9,229 | -€38,439 | -80.6% |
| Suppliers | 440/4 | €47,668 | €9,229 | -€38,439 | -80.6% |
| Taxes, remuneration and social security | 45 | €129,940 | €52,769 | -€77,171 | -59.4% |
| Taxes | 450/3 | €70,770 | €18,823 | -€51,947 | -73.4% |
| Remuneration and social security | 454/9 | €59,171 | €33,946 | -€25,225 | -42.6% |
| Other amounts payable | 47/48 | €782,081 | €35,948 | -€746,133 | -95.4% |
| Accrued charges and deferred income | 492/3 | €35,135 | €1,690 | -€33,445 | -95.2% |
| Non-recurring operating income | 76A | €860,255 | €2,000 | -€858,255 | -99.8% |
| Remuneration, social security and pensions | 62 | €479,408 | €405,964 | -€73,444 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,534 | €11,606 | +€3,071 | +36.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,684 | -€51,855 | -€40,171 | -343.8% |
| Other operating charges | 640/8 | €17,040 | €11,848 | -€5,192 | -30.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,291,135 | €439,774 | -€851,361 | -65.9% |
| Operating profit (loss) | 9901 | €797,836 | €62,212 | -€735,624 | -92.2% |
| Financial income | 75/76B | €21,352 | €20,164 | -€1,188 | -5.6% |
| Recurring financial income | 75 | €21,352 | €20,164 | -€1,188 | -5.6% |
| Financial charges | 65/66B | €73,721 | €60,718 | -€13,003 | -17.6% |
| Recurring financial charges | 65 | €73,721 | €60,718 | -€13,003 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €745,467 | €21,658 | -€723,810 | -97.1% |
| Income taxes | 67/77 | €194,422 | €12,699 | -€181,722 | -93.5% |
| Profit (loss) for the period | 9904 | €551,046 | €8,958 | -€542,087 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €551,046 | €8,958 | -€542,087 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.