KAMSHADKA: 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.
KAMSHADKA
Largest movements
- Cash +€3,133
up €3,133 (+6.6%), from €47,399 to €50,532
mainly Other debts (+€40,131) and Tax, wage and social debts (+€14,520)
- Tangible fixed assets -€2,495
down €2,495 (-7.8%), from €31,884 to €29,390
of which Furniture and vehicles: -€3,920
- Other debts +€40,131
new in 2025: €40,131
- Profit (loss) carried forward -€36,707
down €36,707 (-89.1%), from €41,185 to €4,478
- Tax, wage and social debts +€14,520
up €14,520 (+7,751%), from €187 to €14,707
- Contributions -€10,000
down €10,000 (-53.8%), from €18,600 to €8,600
- Debts after one year -€5,772
down €5,772 (-24.0%), from €24,005 to €18,233
- Gross operating margin +€8,891
up €8,891 (+146%), from €6,090 to €14,981
- Depreciation +€5,533
up €5,533 (+437%), from €1,265 to €6,798
- Financial charges +€1,002
up €1,002 (+187%), from €537 to €1,539
- Other operating charges -€311
down €311 (-47.5%), from €655 to €344
- Taxes +€246
up €246 (+14.6%), from €1,687 to €1,933
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.
Derived cash bridge
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 | €91,839 | €91,921 | +€82 | +0.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €31,884 | €29,390 | -€2,495 | -7.8% |
| Tangible fixed assets | 22/27 | €31,884 | €29,390 | -€2,495 | -7.8% |
| Plant, machinery and equipment | 23 | €1,664 | €3,089 | +€1,425 | +85.7% |
| Furniture and vehicles | 24 | €30,221 | €26,301 | -€3,920 | -13.0% |
| Current assets | 29/58 | €59,955 | €62,532 | +€2,577 | +4.3% |
| Amounts receivable within one year | 40/41 | €11,013 | €10,969 | -€44 | -0.4% |
| Trade receivables | 40 | €5,990 | €9,983 | +€3,993 | +66.7% |
| Other amounts receivable | 41 | €5,024 | €987 | -€4,037 | -80.4% |
| Cash at bank and in hand | 54/58 | €47,399 | €50,532 | +€3,133 | +6.6% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,030 | -€512 | -33.2% |
| Total equity and liabilities | 10/49 | €91,839 | €91,921 | +€82 | +0.1% |
| Equity | 10/15 | €61,645 | €13,078 | -€48,567 | -78.8% |
| Contributions | 10/11 | €18,600 | €8,600 | -€10,000 | -53.8% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €41,185 | €4,478 | -€36,707 | -89.1% |
| Amounts payable | 17/49 | €30,194 | €78,844 | +€48,649 | +161% |
| Amounts payable after more than one year | 17 | €24,005 | €18,233 | -€5,772 | -24.0% |
| Financial debts | 170/4 | €24,005 | €18,233 | -€5,772 | -24.0% |
| Amounts payable within one year | 42/48 | €6,189 | €60,610 | +€54,421 | +879% |
| Current portion of amounts payable after more than one year | 42 | €5,543 | €5,772 | +€229 | +4.1% |
| Trade debts | 44 | €459 | - | -€459 | |
| Suppliers | 440/4 | €459 | - | -€459 | |
| Taxes, remuneration and social security | 45 | €187 | €14,707 | +€14,520 | +7,751% |
| Taxes | 450/3 | €187 | €14,707 | +€14,520 | +7,751% |
| Other amounts payable | 47/48 | - | €40,131 | +€40,131 | |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,265 | €6,798 | +€5,533 | +437% |
| Other operating charges | 640/8 | €655 | €344 | -€311 | -47.5% |
| Gross operating margin | 9900 | €6,090 | €14,981 | +€8,891 | +146% |
| Operating profit (loss) | 9901 | €4,170 | €7,838 | +€3,669 | +88.0% |
| Financial income | 75/76B | €255 | €111 | -€144 | -56.4% |
| Recurring financial income | 75 | €255 | €111 | -€144 | -56.4% |
| Financial charges | 65/66B | €537 | €1,539 | +€1,002 | +187% |
| Recurring financial charges | 65 | €537 | €1,539 | +€1,002 | +187% |
| Profit (loss) for the period before taxes | 9903 | €3,888 | €6,411 | +€2,523 | +64.9% |
| Income taxes | 67/77 | €1,687 | €1,933 | +€246 | +14.6% |
| Profit (loss) for the period | 9904 | €2,201 | €4,478 | +€2,277 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €2,201 | €4,478 | +€2,277 | +103% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.