KAMTOSA: 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.
KAMTOSA
Largest movements
- Receivables within one year +€10,471
up €10,471 (+35.8%), from €29,250 to €39,720
- Deferred charges and accrued income -€7,596
no longer reported in 2025 (was €7,596)
- Cash -€6,105
down €6,105 (-90.4%), from €6,753 to €649
mainly Net result for the year (-€17,899) and Debts after one year (-€13,661)
- Tangible fixed assets -€4,620
down €4,620 (-3.1%), from €148,085 to €143,465
of which Land and buildings: -€2,785
- Profit (loss) carried forward -€17,899
down €17,899 (-60.1%), from -€29,759 to -€47,658
- Debts after one year -€13,661
down €13,661 (-18.7%), from €73,194 to €59,533
- Other debts +€12,380
up €12,380 (+77.4%), from €16,000 to €28,380
- Current portion of long-term debt +€11,600
new in 2025: €11,600
- Trade debts -€2,779
down €2,779 (-31.6%), from €8,807 to €6,028
- Gross operating margin -€32,536
down €32,536, from €26,257 to -€6,279
- Taxes +€3,068
new in 2025: €3,068
- Financial charges -€677
down €677 (-14.7%), from €4,609 to €3,932
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 | €191,683 | €183,834 | -€7,849 | -4.1% |
| Fixed assets | 21/28 | €148,085 | €143,465 | -€4,620 | -3.1% |
| Tangible fixed assets | 22/27 | €148,085 | €143,465 | -€4,620 | -3.1% |
| Land and buildings | 22 | €138,027 | €135,242 | -€2,785 | -2.0% |
| Plant, machinery and equipment | 23 | €10,057 | €8,222 | -€1,835 | -18.2% |
| Current assets | 29/58 | €43,598 | €40,369 | -€3,229 | -7.4% |
| Amounts receivable within one year | 40/41 | €29,250 | €39,720 | +€10,471 | +35.8% |
| Trade receivables | 40 | €29,250 | €39,720 | +€10,471 | +35.8% |
| Cash at bank and in hand | 54/58 | €6,753 | €649 | -€6,105 | -90.4% |
| Deferred charges and accrued income | 490/1 | €7,596 | - | -€7,596 | |
| Total equity and liabilities | 10/49 | €191,683 | €183,834 | -€7,849 | -4.1% |
| Equity | 10/15 | €87,598 | €69,699 | -€17,899 | -20.4% |
| Contributions | 10/11 | €106,000 | €106,000 | = | 0.0% |
| Reserves | 13 | €11,357 | €11,357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €11,257 | €11,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,759 | -€47,658 | -€17,899 | -60.1% |
| Amounts payable | 17/49 | €104,085 | €114,134 | +€10,049 | +9.7% |
| Amounts payable after more than one year | 17 | €73,194 | €59,533 | -€13,661 | -18.7% |
| Financial debts | 170/4 | €73,194 | €59,533 | -€13,661 | -18.7% |
| Amounts payable within one year | 42/48 | €30,891 | €54,601 | +€23,710 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,600 | +€11,600 | |
| Trade debts | 44 | €8,807 | €6,028 | -€2,779 | -31.6% |
| Suppliers | 440/4 | €8,807 | €6,028 | -€2,779 | -31.6% |
| Taxes, remuneration and social security | 45 | €6,084 | €8,594 | +€2,510 | +41.3% |
| Taxes | 450/3 | €6,084 | €8,594 | +€2,510 | +41.3% |
| Other amounts payable | 47/48 | €16,000 | €28,380 | +€12,380 | +77.4% |
| Non-recurring operating income | 76A | €1,091 | - | -€1,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,818 | €4,620 | -€199 | -4.1% |
| Gross operating margin | 9900 | €26,257 | -€6,279 | -€32,536 | |
| Operating profit (loss) | 9901 | €21,439 | -€10,899 | -€32,338 | |
| Financial charges | 65/66B | €4,609 | €3,932 | -€677 | -14.7% |
| Recurring financial charges | 65 | €4,609 | €3,932 | -€677 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €16,830 | -€14,830 | -€31,660 | |
| Income taxes | 67/77 | - | €3,068 | +€3,068 | |
| Profit (loss) for the period | 9904 | €16,830 | -€17,899 | -€34,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,830 | -€17,899 | -€34,728 |
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.