Ca-Mer: 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.
Ca-Mer
Largest movements
- Cash +€21,514
up €21,514 (+12.6%), from €170,870 to €192,384
mainly Net result for the year (+€12,691) and Depreciation (+€8,309)
- Reserves +€12,691
up €12,691 (+3.1%), from €412,665 to €425,356
of which Distributable reserves: +€12,691
- Gross operating margin +€12,488
up €12,488 (+96.1%), from €12,992 to €25,480
- Taxes +€4,491
up €4,491 (+518.0%), from €867 to €5,358
- Financial income +€2,726
up €2,726 (+483.3%), from €564 to €3,290
of which Financial income: +€2,726
- Depreciation +€961
up €961 (+13.1%), from €7,348 to €8,309
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 | €474,471 | €491,695 | +€17,224 | +3.6% |
| Fixed assets | 21/28 | €270,472 | €267,863 | -€2,609 | -1.0% |
| Tangible fixed assets | 22/27 | €270,472 | €267,863 | -€2,609 | -1.0% |
| Land and buildings | 22 | €264,592 | €263,303 | -€1,289 | -0.5% |
| Plant, machinery and equipment | 23 | €5,860 | €4,560 | -€1,300 | -22.2% |
| Furniture and vehicles | 24 | €20 | €0 | -€20 | -100.0% |
| Current assets | 29/58 | €203,999 | €223,832 | +€19,833 | +9.7% |
| Amounts receivable within one year | 40/41 | €33,129 | €31,448 | -€1,681 | -5.1% |
| Trade receivables | 40 | €28,275 | €31,448 | +€3,173 | +11.2% |
| Other amounts receivable | 41 | €4,854 | - | -€4,854 | |
| Cash at bank and in hand | 54/58 | €170,870 | €192,384 | +€21,514 | +12.6% |
| Total equity and liabilities | 10/49 | €474,471 | €491,695 | +€17,224 | +3.6% |
| Equity | 10/15 | €472,665 | €485,356 | +€12,691 | +2.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | €60,000 | = | 0.0% |
| Issued capital | 100 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €412,665 | €425,356 | +€12,691 | +3.1% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Legal reserve | 130 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,966 | €33,966 | = | 0.0% |
| Distributable reserves | 133 | €372,699 | €385,390 | +€12,691 | +3.4% |
| Amounts payable | 17/49 | €1,806 | €6,339 | +€4,533 | +251.0% |
| Amounts payable within one year | 42/48 | €1,806 | €6,339 | +€4,533 | +251.0% |
| Trade debts | 44 | - | €3,554 | +€3,554 | |
| Suppliers | 440/4 | - | €3,554 | +€3,554 | |
| Taxes, remuneration and social security | 45 | €1,806 | €2,785 | +€979 | +54.2% |
| Taxes | 450/3 | €1,806 | €2,785 | +€979 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,348 | €8,309 | +€961 | +13.1% |
| Other operating charges | 640/8 | €2,314 | €2,283 | -€31 | -1.3% |
| Gross operating margin | 9900 | €12,992 | €25,480 | +€12,488 | +96.1% |
| Operating profit (loss) | 9901 | €3,330 | €14,888 | +€11,558 | +347.1% |
| Financial income | 75/76B | €564 | €3,290 | +€2,726 | +483.3% |
| Recurring financial income | 75 | €564 | €3,290 | +€2,726 | +483.3% |
| Non-recurring financial income | 76B | €564 | €3,290 | +€2,726 | +483.3% |
| Financial charges | 65/66B | €1 | €129 | +€128 | +12800.0% |
| Recurring financial charges | 65 | €1 | €129 | +€128 | +12800.0% |
| Non-recurring financial charges | 66B | €1 | €129 | +€128 | +12800.0% |
| Profit (loss) for the period before taxes | 9903 | €3,893 | €18,049 | +€14,156 | +363.6% |
| Income taxes | 67/77 | €867 | €5,358 | +€4,491 | +518.0% |
| Profit (loss) for the period | 9904 | €3,026 | €12,691 | +€9,665 | +319.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,026 | €12,691 | +€9,665 | +319.4% |
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 9 October 2026 via checked.be.