B. Camby: 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.
B. Camby
Largest movements
- Tangible fixed assets -€17,314
down €17,314 (-58.0%), from €29,849 to €12,535
of which Furniture and vehicles: -€17,457
- Deferred charges and accrued income +€6,638
up €6,638 (+47.3%), from €14,022 to €20,660
- Current investments -€6,000
down €6,000 (-18.8%), from €31,859 to €25,859
- Receivables within one year -€2,862
down €2,862 (-5.3%), from €54,234 to €51,373
of which Trade receivables: -€11,465
- Trade debts -€8,046
down €8,046 (-51.9%), from €15,494 to €7,448
- Debts after one year -€7,253
no longer reported in 2025 (was €7,253)
- Reserves -€6,735
down €6,735 (-8.4%), from €80,479 to €73,744
- Other debts +€6,506
up €6,506 (+59.2%), from €10,988 to €17,494
- Current portion of long-term debt -€6,367
no longer reported in 2025 (was €6,367)
- Financial charges +€17,965
up €17,965 (+55.5%), from €32,386 to €50,351
- Gross operating margin +€10,048
up €10,048 (+26.2%), from €38,386 to €48,435
- Depreciation -€6,350
down €6,350 (-64.4%), from €9,867 to €3,517
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 | €136,661 | €115,463 | -€21,198 | -15.5% |
| Fixed assets | 21/28 | €31,657 | €13,620 | -€18,037 | -57.0% |
| Intangible fixed assets | 21 | €1,766 | €1,043 | -€723 | -41.0% |
| Tangible fixed assets | 22/27 | €29,849 | €12,535 | -€17,314 | -58.0% |
| Furniture and vehicles | 24 | €18,498 | €1,041 | -€17,457 | -94.4% |
| Other tangible fixed assets | 26 | €11,351 | €11,494 | +€143 | +1.3% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €105,004 | €101,843 | -€3,161 | -3.0% |
| Amounts receivable within one year | 40/41 | €54,234 | €51,373 | -€2,862 | -5.3% |
| Trade receivables | 40 | €11,465 | - | -€11,465 | |
| Other amounts receivable | 41 | €42,769 | €51,373 | +€8,604 | +20.1% |
| Current investments | 50/53 | €31,859 | €25,859 | -€6,000 | -18.8% |
| Cash at bank and in hand | 54/58 | €4,889 | €3,951 | -€938 | -19.2% |
| Deferred charges and accrued income | 490/1 | €14,022 | €20,660 | +€6,638 | +47.3% |
| Total equity and liabilities | 10/49 | €136,661 | €115,463 | -€21,198 | -15.5% |
| Equity | 10/15 | €92,879 | €86,144 | -€6,735 | -7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,479 | €73,744 | -€6,735 | -8.4% |
| Distributable reserves | 133 | €80,479 | €73,744 | -€6,735 | -8.4% |
| Amounts payable | 17/49 | €43,783 | €29,319 | -€14,464 | -33.0% |
| Amounts payable after more than one year | 17 | €7,253 | - | -€7,253 | |
| Financial debts | 170/4 | €7,253 | - | -€7,253 | |
| Amounts payable within one year | 42/48 | €36,529 | €29,319 | -€7,211 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €6,367 | - | -€6,367 | |
| Trade debts | 44 | €15,494 | €7,448 | -€8,046 | -51.9% |
| Suppliers | 440/4 | €15,494 | €7,448 | -€8,046 | -51.9% |
| Taxes, remuneration and social security | 45 | €3,680 | €4,377 | +€696 | +18.9% |
| Taxes | 450/3 | €3,680 | €4,377 | +€696 | +18.9% |
| Other amounts payable | 47/48 | €10,988 | €17,494 | +€6,506 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,867 | €3,517 | -€6,350 | -64.4% |
| Other operating charges | 640/8 | €934 | €1,117 | +€183 | +19.6% |
| Gross operating margin | 9900 | €38,386 | €48,435 | +€10,048 | +26.2% |
| Operating profit (loss) | 9901 | €27,586 | €43,801 | +€16,215 | +58.8% |
| Financial charges | 65/66B | €32,386 | €50,351 | +€17,965 | +55.5% |
| Recurring financial charges | 65 | €32,386 | €50,351 | +€17,965 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,800 | -€6,550 | -€1,750 | -36.5% |
| Income taxes | 67/77 | €5 | €184 | +€179 | +3731.4% |
| Profit (loss) for the period | 9904 | -€4,805 | -€6,735 | -€1,930 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,805 | -€6,735 | -€1,930 | -40.2% |
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 4 October 2026 via checked.be.