C.A.M.A.: 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.A.
Largest movements
- Cash +€6,777
up €6,777, from €0 to €6,777
mainly Net result for the year (+€7,581) and Receivables within one year (+€3,789)
- Receivables within one year -€3,789
down €3,789 (-20.7%), from €18,293 to €14,504
of which Trade receivables: -€3,789
- Advances received -€7,859
down €7,859 (-100%), from €7,859 to €0
- Profit (loss) carried forward +€7,581
up €7,581 (+89.1%), from -€8,510 to -€929
- Tax, wage and social debts +€2,489
new in 2025: €2,489
- Other debts +€802
up €802 (+5.0%), from €16,173 to €16,975
- Gross operating margin -€5,574
down €5,574 (-40.2%), from €13,877 to €8,302
- Financial income -€958
down €958 (-100%), from €958 to €0
- Taxes +€491
new in 2025: €491
- Other operating charges -€391
down €391 (-76.5%), from €511 to €120
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 | €35,998 | €38,986 | +€2,988 | +8.3% |
| Fixed assets | 21/28 | €17,705 | €17,705 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,705 | €17,705 | = | 0.0% |
| Land and buildings | 22 | €17,501 | €17,501 | = | 0.0% |
| Plant, machinery and equipment | 23 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €18,293 | €21,281 | +€2,988 | +16.3% |
| Amounts receivable within one year | 40/41 | €18,293 | €14,504 | -€3,789 | -20.7% |
| Trade receivables | 40 | €18,293 | €14,504 | -€3,789 | -20.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €6,777 | +€6,777 | |
| Total equity and liabilities | 10/49 | €35,998 | €38,986 | +€2,988 | +8.3% |
| Equity | 10/15 | €11,941 | €19,522 | +€7,581 | +63.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,510 | -€929 | +€7,581 | +89.1% |
| Amounts payable | 17/49 | €24,057 | €19,464 | -€4,593 | -19.1% |
| Amounts payable within one year | 42/48 | €24,057 | €19,464 | -€4,593 | -19.1% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100% |
| Advances received on contracts in progress | 46 | €7,859 | €0 | -€7,859 | -100% |
| Taxes, remuneration and social security | 45 | - | €2,489 | +€2,489 | |
| Taxes | 450/3 | - | €2,489 | +€2,489 | |
| Other amounts payable | 47/48 | €16,173 | €16,975 | +€802 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €511 | €120 | -€391 | -76.5% |
| Gross operating margin | 9900 | €13,877 | €8,302 | -€5,574 | -40.2% |
| Operating profit (loss) | 9901 | €13,366 | €8,182 | -€5,184 | -38.8% |
| Financial income | 75/76B | €958 | €0 | -€958 | -100% |
| Recurring financial income | 75 | €958 | €0 | -€958 | -100% |
| Financial charges | 65/66B | €36 | €110 | +€73 | +201% |
| Recurring financial charges | 65 | €36 | €110 | +€73 | +201% |
| Profit (loss) for the period before taxes | 9903 | €14,288 | €8,073 | -€6,215 | -43.5% |
| Income taxes | 67/77 | - | €491 | +€491 | |
| Profit (loss) for the period | 9904 | €14,288 | €7,581 | -€6,707 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,288 | €7,581 | -€6,707 | -46.9% |
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 16 October 2026 via checked.be.