KAOMI: 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.
KAOMI
Largest movements
- Cash -€365,242
down €365,242 (-80.2%), from €455,150 to €89,908
mainly Contributions, distributions and other (-€1.1m) and Receivables after one year (-€244,886)
- Receivables after one year +€244,886
new in 2025: €244,886
- Receivables within one year -€116,141
down €116,141 (-68.8%), from €168,721 to €52,580
of which Other amounts receivable: -€135,533
- Reserves -€1.1m
down €1.1m (-90.3%), from €1.2m to €117,263
of which Distributable reserves: -€1.1m
- Other debts +€876,278
up €876,278 (+57,674%), from €1,519 to €877,798
- Tax, wage and social debts -€70,847
down €70,847 (-99.8%), from €71,023 to €176
- Other operating charges -€10,951
down €10,951 (-82.6%), from €13,258 to €2,307
- Depreciation -€7,318
down €7,318 (-30.8%), from €23,758 to €16,439
- Gross operating margin +€1,648
up €1,648 (+13.9%), from €11,822 to €13,470
- Financial income -€640
down €640 (-3.6%), from €17,585 to €16,945
- Financial charges -€302
down €302 (-43.9%), from €689 to €387
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 | €2,224,458 | €1,951,029 | -€273,429 | -12.3% |
| Fixed assets | 21/28 | €979,831 | €956,256 | -€23,576 | -2.4% |
| Intangible fixed assets | 21 | €10,545 | €8,932 | -€1,613 | -15.3% |
| Tangible fixed assets | 22/27 | €344,287 | €322,324 | -€21,963 | -6.4% |
| Land and buildings | 22 | €272,147 | €270,681 | -€1,466 | -0.5% |
| Plant, machinery and equipment | 23 | €3,315 | €2,599 | -€716 | -21.6% |
| Furniture and vehicles | 24 | €66,710 | €47,629 | -€19,081 | -28.6% |
| Other tangible fixed assets | 26 | €2,114 | €1,414 | -€700 | -33.1% |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €1,244,626 | €994,773 | -€249,853 | -20.1% |
| Amounts receivable after more than one year | 29 | - | €244,886 | +€244,886 | |
| Trade receivables | 290 | - | €244,886 | +€244,886 | |
| Amounts receivable within one year | 40/41 | €168,721 | €52,580 | -€116,141 | -68.8% |
| Trade receivables | 40 | €30,250 | €49,643 | +€19,393 | +64.1% |
| Other amounts receivable | 41 | €138,471 | €2,937 | -€135,533 | -97.9% |
| Current investments | 50/53 | €620,000 | €600,000 | -€20,000 | -3.2% |
| Cash at bank and in hand | 54/58 | €455,150 | €89,908 | -€365,242 | -80.2% |
| Deferred charges and accrued income | 490/1 | €756 | €7,399 | +€6,643 | +879% |
| Total equity and liabilities | 10/49 | €2,224,458 | €1,951,029 | -€273,429 | -12.3% |
| Equity | 10/15 | €2,148,627 | €1,062,075 | -€1.1m | -50.6% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,214,934 | €117,263 | -€1.1m | -90.3% |
| Tax-exempt reserves | 132 | €2,989 | €2,989 | = | 0.0% |
| Distributable reserves | 133 | €1,211,944 | €114,274 | -€1.1m | -90.6% |
| Profit (loss) carried forward | 14 | -€66,307 | -€55,189 | +€11,118 | +16.8% |
| Amounts payable | 17/49 | €75,831 | €888,954 | +€813,123 | +1,072% |
| Amounts payable within one year | 42/48 | €75,831 | €888,954 | +€813,123 | +1,072% |
| Trade debts | 44 | €3,289 | €10,980 | +€7,692 | +234% |
| Suppliers | 440/4 | €3,289 | €10,980 | +€7,692 | +234% |
| Taxes, remuneration and social security | 45 | €71,023 | €176 | -€70,847 | -99.8% |
| Taxes | 450/3 | €71,023 | €176 | -€70,847 | -99.8% |
| Other amounts payable | 47/48 | €1,519 | €877,798 | +€876,278 | +57,674% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,758 | €16,439 | -€7,318 | -30.8% |
| Other operating charges | 640/8 | €13,258 | €2,307 | -€10,951 | -82.6% |
| Gross operating margin | 9900 | €11,822 | €13,470 | +€1,648 | +13.9% |
| Operating profit (loss) | 9901 | -€25,194 | -€5,277 | +€19,917 | +79.1% |
| Financial income | 75/76B | €17,585 | €16,945 | -€640 | -3.6% |
| Recurring financial income | 75 | €17,585 | €16,945 | -€640 | -3.6% |
| Financial charges | 65/66B | €689 | €387 | -€302 | -43.9% |
| Recurring financial charges | 65 | €689 | €387 | -€302 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,299 | €11,281 | +€19,579 | |
| Income taxes | 67/77 | €176 | €162 | -€14 | -7.9% |
| Profit (loss) for the period | 9904 | -€8,475 | €11,118 | +€19,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,475 | €11,118 | +€19,593 |
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 19 October 2026 via checked.be.