KAMS: 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.
KAMS
Largest movements
- Receivables within one year +€17,274
up €17,274 (+28.0%), from €61,683 to €78,957
of which Other amounts receivable: +€35,954
- Tangible fixed assets -€14,613
down €14,613 (-35.2%), from €41,483 to €26,870
of which Furniture and vehicles: -€10,145
- Financial fixed assets +€3,414
up €3,414 (+103.5%), from €3,300 to €6,714
- Trade debts -€17,798
down €17,798 (-68.4%), from €26,035 to €8,237
- Debts after one year +€12,668
up €12,668 (+65.4%), from €19,377 to €32,045
- Profit (loss) carried forward +€8,955
up €8,955 (+42.1%), from €21,257 to €30,212
- Other debts +€3,000
up €3,000 (+15.0%), from €20,000 to €23,000
- Tax, wage and social debts -€2,043
down €2,043 (-22.1%), from €9,257 to €7,214
- Gross operating margin -€16,966
down €16,966 (-35.3%), from €48,083 to €31,117
- Depreciation +€4,514
up €4,514 (+37.1%), from €12,165 to €16,679
- Financial income +€1,861
up €1,861 (+11632.1%), from €16 to €1,877
- Other operating charges -€1,854
down €1,854 (-67.3%), from €2,753 to €899
- Taxes -€1,625
down €1,625 (-35.4%), from €4,595 to €2,970
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 | €115,424 | €121,094 | +€5,670 | +4.9% |
| Fixed assets | 21/28 | €44,783 | €33,584 | -€11,199 | -25.0% |
| Tangible fixed assets | 22/27 | €41,483 | €26,870 | -€14,613 | -35.2% |
| Plant, machinery and equipment | 23 | €16,366 | €12,166 | -€4,200 | -25.7% |
| Furniture and vehicles | 24 | €23,371 | €13,226 | -€10,145 | -43.4% |
| Other tangible fixed assets | 26 | €1,746 | €1,477 | -€269 | -15.4% |
| Financial fixed assets | 28 | €3,300 | €6,714 | +€3,414 | +103.5% |
| Current assets | 29/58 | €70,641 | €87,510 | +€16,869 | +23.9% |
| Amounts receivable within one year | 40/41 | €61,683 | €78,957 | +€17,274 | +28.0% |
| Trade receivables | 40 | €28,800 | €10,120 | -€18,680 | -64.9% |
| Other amounts receivable | 41 | €32,883 | €68,837 | +€35,954 | +109.3% |
| Cash at bank and in hand | 54/58 | €8,958 | €8,553 | -€405 | -4.5% |
| Total equity and liabilities | 10/49 | €115,424 | €121,094 | +€5,670 | +4.9% |
| Equity | 10/15 | €34,779 | €43,735 | +€8,956 | +25.8% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Outside capital | 11 | €13,200 | €13,200 | = | 0.0% |
| Other | 1109/19 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €322 | €322 | +€0 | +0.1% |
| Non-distributable reserves | 130/1 | €322 | €322 | +€0 | +0.1% |
| Reserves not available under the articles | 1311 | €322 | €322 | +€0 | +0.1% |
| Profit (loss) carried forward | 14 | €21,257 | €30,212 | +€8,955 | +42.1% |
| Amounts payable | 17/49 | €80,645 | €77,359 | -€3,286 | -4.1% |
| Amounts payable after more than one year | 17 | €19,377 | €32,045 | +€12,668 | +65.4% |
| Financial debts | 170/4 | €19,377 | €32,045 | +€12,668 | +65.4% |
| Amounts payable within one year | 42/48 | €61,268 | €45,314 | -€15,954 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €5,976 | €6,863 | +€887 | +14.8% |
| Trade debts | 44 | €26,035 | €8,237 | -€17,798 | -68.4% |
| Suppliers | 440/4 | €26,035 | €8,237 | -€17,798 | -68.4% |
| Taxes, remuneration and social security | 45 | €9,257 | €7,214 | -€2,043 | -22.1% |
| Taxes | 450/3 | €9,257 | €7,214 | -€2,043 | -22.1% |
| Other amounts payable | 47/48 | €20,000 | €23,000 | +€3,000 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,165 | €16,679 | +€4,514 | +37.1% |
| Other operating charges | 640/8 | €2,753 | €899 | -€1,854 | -67.3% |
| Non-recurring operating charges | 66A | - | €399 | +€399 | |
| Gross operating margin | 9900 | €48,083 | €31,117 | -€16,966 | -35.3% |
| Operating profit (loss) | 9901 | €33,165 | €13,139 | -€20,026 | -60.4% |
| Financial income | 75/76B | €16 | €1,877 | +€1,861 | +11632.1% |
| Recurring financial income | 75 | €16 | €1,877 | +€1,861 | +11632.1% |
| Financial charges | 65/66B | €2,072 | €3,090 | +€1,018 | +49.1% |
| Recurring financial charges | 65 | €2,072 | €3,090 | +€1,018 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €31,109 | €11,926 | -€19,183 | -61.7% |
| Income taxes | 67/77 | €4,595 | €2,970 | -€1,625 | -35.4% |
| Profit (loss) for the period | 9904 | €26,514 | €8,956 | -€17,558 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,514 | €8,956 | -€17,558 | -66.2% |
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 5 October 2026 via checked.be.