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CAAMOUS: 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.

What changed

CAAMOUS

BE 0472.107.611
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€94,871
2024 · €97,761-€2,890
Equity
€852,987
2024 · €758,116+€94,871
Cash
€349,823
2024 · €295,535+€54,288
Balance sheet total
€915,781
2024 · €824,268+€91,513

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€59,976

    up €59,976 (+280.0%), from €21,418 to €81,394

    of which Other amounts receivable: +€61,732

  • Cash +€54,288

    up €54,288 (+18.4%), from €295,535 to €349,823

    mainly Net result for the year (+€94,871) and Depreciation (+€22,755)

  • Tangible fixed assets -€22,755

    down €22,755 (-4.5%), from €506,819 to €484,064

    of which Land and buildings: -€20,874

Equity and liabilities
  • Reserves +€94,869

    up €94,869 (+14.6%), from €647,819 to €742,688

    of which Distributable reserves: +€96,600

Income statement
  • Depreciation -€8,343

    down €8,343 (-26.8%), from €31,098 to €22,755

  • Gross operating margin -€7,585

    down €7,585 (-4.3%), from €174,874 to €167,289

  • Financial income -€5,437

    down €5,437 (-100.0%), from €5,437 to €0

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €97,761
Gross operating margin -€7,585
Depreciation +€8,343
Other operating charges +€278
Financial income -€5,437
Financial charges -€26
Taxes +€1,538
Result 2025 €94,871

Cash bridge derived

cash 2024 to 2025

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.

From operations +€54,288
Investment €0
Financing €0
Cash 2024 €295,535
Net result for the year +€94,871
Depreciation +€22,755
Receivables within one year -€59,976
Deferred charges and accrued income -€4
Provisions -€577
Trade debts +€359
Tax, wage and social debts +€6,009
Other debts -€7,910
Accrued charges and deferred income -€1,239
Cash 2025 €349,823
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €824,268 €915,781 +€91,513 +11.1%
Fixed assets 21/28 €506,819 €484,064 -€22,755 -4.5%
Tangible fixed assets 22/27 €506,819 €484,064 -€22,755 -4.5%
Land and buildings 22 €502,575 €481,702 -€20,874 -4.2%
Furniture and vehicles 24 €4,244 €2,363 -€1,881 -44.3%
Current assets 29/58 €317,449 €431,717 +€114,268 +36.0%
Amounts receivable within one year 40/41 €21,418 €81,394 +€59,976 +280.0%
Trade receivables 40 €15,227 €13,471 -€1,756 -11.5%
Other amounts receivable 41 €6,191 €67,923 +€61,732 +997.1%
Cash at bank and in hand 54/58 €295,535 €349,823 +€54,288 +18.4%
Deferred charges and accrued income 490/1 €496 €499 +€4 +0.8%
Total equity and liabilities 10/49 €824,268 €915,781 +€91,513 +11.1%
Equity 10/15 €758,116 €852,987 +€94,871 +12.5%
Contributions 10/11 €100,000 €100,000 = 0.0%
Reserves 13 €647,819 €742,688 +€94,869 +14.6%
Non-distributable reserves 130/1 €25,610 €25,610 = 0.0%
Reserves not available under the articles 1311 €25,610 €25,610 = 0.0%
Tax-exempt reserves 132 €53,519 €51,788 -€1,731 -3.2%
Distributable reserves 133 €568,690 €665,290 +€96,600 +17.0%
Profit (loss) carried forward 14 €10,297 €10,299 +€2 0.0%
Investment grants 15 - €0 =
Provisions and deferred taxes 16 €17,840 €17,263 -€577 -3.2%
Deferred taxes 168 €17,840 €17,263 -€577 -3.2%
Amounts payable 17/49 €48,313 €45,532 -€2,781 -5.8%
Amounts payable within one year 42/48 €47,074 €45,532 -€1,542 -3.3%
Trade debts 44 €1,787 €2,146 +€359 +20.1%
Suppliers 440/4 €1,787 €2,146 +€359 +20.1%
Taxes, remuneration and social security 45 €11,399 €17,407 +€6,009 +52.7%
Taxes 450/3 €11,399 €17,407 +€6,009 +52.7%
Other amounts payable 47/48 €33,888 €25,978 -€7,910 -23.3%
Accrued charges and deferred income 492/3 €1,239 €0 -€1,239 -100.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €31,098 €22,755 -€8,343 -26.8%
Other operating charges 640/8 €5,286 €5,008 -€278 -5.3%
Gross operating margin 9900 €174,874 €167,289 -€7,585 -4.3%
Operating profit (loss) 9901 €138,490 €139,525 +€1,035 +0.7%
Financial income 75/76B €5,437 €0 -€5,437 -100.0%
Recurring financial income 75 €5,437 €0 -€5,437 -100.0%
Financial charges 65/66B €70 €96 +€26 +36.7%
Recurring financial charges 65 €70 €96 +€26 +36.7%
Profit (loss) for the period before taxes 9903 €143,858 €139,430 -€4,428 -3.1%
Transfer from deferred taxes 780 €577 €577 = 0.0%
Income taxes 67/77 €46,674 €45,136 -€1,538 -3.3%
Profit (loss) for the period 9904 €97,761 €94,871 -€2,890 -3.0%
Transfer from tax-exempt reserves 789 €1,731 €1,731 = 0.0%
Profit (loss) for the period to be appropriated 9905 €99,492 €96,602 -€2,890 -2.9%

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 28 September 2026 via checked.be.