C.A.M.: 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.
C.A.M.
Largest movements
- Receivables within one year +€8,455
up €8,455 (+12.4%), from €68,310 to €76,765
- Reserves +€6,100
up €6,100 (+16.2%), from €37,735 to €43,835
of which Distributable reserves: +€6,100
- Trade debts +€2,175
up €2,175 (+164.4%), from €1,323 to €3,498
- Gross operating margin +€4,285
up €4,285 (+21.3%), from €20,103 to €24,388
- Financial income -€2,507
down €2,507 (-36.2%), from €6,922 to €4,415
- Staff costs +€2,249
up €2,249 (+16.8%), from €13,401 to €15,649
- Taxes +€1,695
up €1,695 (+57.5%), from €2,950 to €4,645
- Other operating charges -€1,638
down €1,638 (-53.6%), from €3,056 to €1,419
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 | €90,745 | €99,311 | +€8,566 | +9.4% |
| Fixed assets | 21/28 | €779 | €119 | -€660 | -84.7% |
| Tangible fixed assets | 22/27 | €779 | €119 | -€660 | -84.7% |
| Furniture and vehicles | 24 | €779 | €119 | -€660 | -84.7% |
| Current assets | 29/58 | €89,966 | €99,191 | +€9,226 | +10.3% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €824 | €824 | = | 0.0% |
| Stocks | 30/36 | €824 | €824 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,310 | €76,765 | +€8,455 | +12.4% |
| Other amounts receivable | 41 | €68,310 | €76,765 | +€8,455 | +12.4% |
| Cash at bank and in hand | 54/58 | €47 | €931 | +€884 | +1878.9% |
| Deferred charges and accrued income | 490/1 | €785 | €672 | -€113 | -14.4% |
| Total equity and liabilities | 10/49 | €90,745 | €99,311 | +€8,566 | +9.4% |
| Equity | 10/15 | €82,980 | €89,180 | +€6,199 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,735 | €43,835 | +€6,100 | +16.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,300 | €1,300 | = | 0.0% |
| Distributable reserves | 133 | €34,575 | €40,675 | +€6,100 | +17.6% |
| Profit (loss) carried forward | 14 | €26,654 | €26,753 | +€99 | +0.4% |
| Amounts payable | 17/49 | €7,765 | €10,131 | +€2,366 | +30.5% |
| Amounts payable within one year | 42/48 | €7,765 | €10,131 | +€2,366 | +30.5% |
| Trade debts | 44 | €1,323 | €3,498 | +€2,175 | +164.4% |
| Suppliers | 440/4 | €1,323 | €3,498 | +€2,175 | +164.4% |
| Taxes, remuneration and social security | 45 | €6,442 | €6,633 | +€192 | +3.0% |
| Taxes | 450/3 | €5,360 | €5,686 | +€327 | +6.1% |
| Remuneration and social security | 454/9 | €1,082 | €947 | -€135 | -12.5% |
| Remuneration, social security and pensions | 62 | €13,401 | €15,649 | +€2,249 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €767 | €660 | -€107 | -14.0% |
| Other operating charges | 640/8 | €3,056 | €1,419 | -€1,638 | -53.6% |
| Gross operating margin | 9900 | €20,103 | €24,388 | +€4,285 | +21.3% |
| Operating profit (loss) | 9901 | €2,879 | €6,660 | +€3,782 | +131.4% |
| Financial income | 75/76B | €6,922 | €4,415 | -€2,507 | -36.2% |
| Recurring financial income | 75 | €6,922 | €4,415 | -€2,507 | -36.2% |
| Financial charges | 65/66B | €395 | €230 | -€165 | -41.7% |
| Recurring financial charges | 65 | €395 | €230 | -€165 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €9,405 | €10,845 | +€1,440 | +15.3% |
| Income taxes | 67/77 | €2,950 | €4,645 | +€1,695 | +57.5% |
| Profit (loss) for the period | 9904 | €6,455 | €6,199 | -€256 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,455 | €6,199 | -€256 | -4.0% |
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 12 October 2026 via checked.be.