BE-CAMBIUM: 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.
BE-CAMBIUM
Largest movements
- Cash +€170,145
up €170,145 (+138%), from €123,692 to €293,837
mainly Trade debts (+€75,445) and Other debts (+€73,478)
- Receivables within one year -€29,646
down €29,646 (-21.2%), from €140,168 to €110,523
of which Trade receivables: -€44,210
- Trade debts +€75,445
up €75,445 (+94.7%), from €79,653 to €155,098
- Other debts +€73,478
up €73,478 (+1,677%), from €4,381 to €77,859
- Tax, wage and social debts +€11,046
up €11,046 (+30.9%), from €35,795 to €46,842
of which Remuneration and social security: +€8,457
- Profit (loss) carried forward -€10,353
down €10,353 (-8.2%), from €126,902 to €116,549
- Debts after one year -€5,185
no longer reported in 2025 (was €5,185)
- Staff costs +€75,148
up €75,148 (+81.3%), from €92,418 to €167,565
- Gross operating margin +€65,442
up €65,442 (+31.9%), from €204,932 to €270,374
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 | €291,885 | €431,532 | +€139,647 | +47.8% |
| Fixed assets | 21/28 | €24,060 | €22,709 | -€1,351 | -5.6% |
| Tangible fixed assets | 22/27 | €23,960 | €22,609 | -€1,351 | -5.6% |
| Plant, machinery and equipment | 23 | €2,758 | €3,236 | +€477 | +17.3% |
| Furniture and vehicles | 24 | €21,201 | €19,374 | -€1,828 | -8.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €267,825 | €408,823 | +€140,997 | +52.6% |
| Amounts receivable within one year | 40/41 | €140,168 | €110,523 | -€29,646 | -21.2% |
| Trade receivables | 40 | €134,372 | €90,161 | -€44,210 | -32.9% |
| Other amounts receivable | 41 | €5,797 | €20,361 | +€14,565 | +251% |
| Cash at bank and in hand | 54/58 | €123,692 | €293,837 | +€170,145 | +138% |
| Deferred charges and accrued income | 490/1 | €3,965 | €4,463 | +€498 | +12.6% |
| Total equity and liabilities | 10/49 | €291,885 | €431,532 | +€139,647 | +47.8% |
| Equity | 10/15 | €156,902 | €146,549 | -€10,353 | -6.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,902 | €116,549 | -€10,353 | -8.2% |
| Amounts payable | 17/49 | €134,983 | €284,983 | +€149,999 | +111% |
| Amounts payable after more than one year | 17 | €5,185 | - | -€5,185 | |
| Financial debts | 170/4 | €5,185 | - | -€5,185 | |
| Amounts payable within one year | 42/48 | €129,799 | €284,983 | +€155,184 | +120% |
| Current portion of amounts payable after more than one year | 42 | €9,969 | €5,185 | -€4,785 | -48.0% |
| Trade debts | 44 | €79,653 | €155,098 | +€75,445 | +94.7% |
| Suppliers | 440/4 | €79,653 | €155,098 | +€75,445 | +94.7% |
| Taxes, remuneration and social security | 45 | €35,795 | €46,842 | +€11,046 | +30.9% |
| Taxes | 450/3 | €7,512 | €10,101 | +€2,590 | +34.5% |
| Remuneration and social security | 454/9 | €28,284 | €36,740 | +€8,457 | +29.9% |
| Other amounts payable | 47/48 | €4,381 | €77,859 | +€73,478 | +1,677% |
| Remuneration, social security and pensions | 62 | €92,418 | €167,565 | +€75,148 | +81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,172 | €16,651 | +€480 | +3.0% |
| Other operating charges | 640/8 | - | €342 | +€342 | |
| Gross operating margin | 9900 | €204,932 | €270,374 | +€65,442 | +31.9% |
| Operating profit (loss) | 9901 | €96,343 | €85,816 | -€10,527 | -10.9% |
| Financial income | 75/76B | €49 | €175 | +€126 | +261% |
| Recurring financial income | 75 | €49 | €175 | +€126 | +261% |
| Financial charges | 65/66B | €1,158 | €2,743 | +€1,586 | +137% |
| Recurring financial charges | 65 | €1,158 | €2,743 | +€1,586 | +137% |
| Profit (loss) for the period before taxes | 9903 | €95,234 | €83,247 | -€11,987 | -12.6% |
| Income taxes | 67/77 | €22,502 | €23,000 | +€498 | +2.2% |
| Profit (loss) for the period | 9904 | €72,732 | €60,247 | -€12,485 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,732 | €60,247 | -€12,485 | -17.2% |
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 25 October 2026 via checked.be.