Cam Melius: what changed
Cam Melius
Largest movements
- Cash +€124,507
up €124,507 (+107%), from €116,013 to €240,520
mainly Net result for the year (+€96,797) and Depreciation (+€13,332)
- Tangible fixed assets -€13,332
down €13,332 (-22.9%), from €58,261 to €44,929
of which Furniture and vehicles: -€11,965
- Receivables within one year -€5,126
down €5,126 (-17.2%), from €29,783 to €24,657
- Reserves +€95,131
up €95,131 (+42.8%), from €222,117 to €317,248
- Trade debts +€11,565
up €11,565 (+80.9%), from €14,293 to €25,859
- Tax, wage and social debts -€4,328
down €4,328 (-14.3%), from €30,177 to €25,850
of which Taxes: -€6,629
- Gross operating margin +€30,490
up €30,490 (+26.7%), from €114,151 to €144,641
- Taxes +€9,914
up €9,914 (+42.6%), from €23,257 to €33,172
- Depreciation +€5,071
up €5,071 (+61.4%), from €8,261 to €13,332
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,324 | €385,106 | +€105,782 | +37.9% |
| Fixed assets | 21/28 | €58,261 | €44,929 | -€13,332 | -22.9% |
| Tangible fixed assets | 22/27 | €58,261 | €44,929 | -€13,332 | -22.9% |
| Plant, machinery and equipment | 23 | €6,050 | €4,683 | -€1,367 | -22.6% |
| Furniture and vehicles | 24 | €52,212 | €40,247 | -€11,965 | -22.9% |
| Current assets | 29/58 | €221,063 | €340,177 | +€119,114 | +53.9% |
| Amounts receivable within one year | 40/41 | €29,783 | €24,657 | -€5,126 | -17.2% |
| Trade receivables | 40 | €29,783 | €24,657 | -€5,126 | -17.2% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,013 | €240,520 | +€124,507 | +107% |
| Deferred charges and accrued income | 490/1 | €267 | €0 | -€267 | -100% |
| Total equity and liabilities | 10/49 | €279,324 | €385,106 | +€105,782 | +37.9% |
| Equity | 10/15 | €227,117 | €322,248 | +€95,131 | +41.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €222,117 | €317,248 | +€95,131 | +42.8% |
| Distributable reserves | 133 | €222,117 | €317,248 | +€95,131 | +42.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,207 | €62,859 | +€10,651 | +20.4% |
| Amounts payable within one year | 42/48 | €52,207 | €62,827 | +€10,620 | +20.3% |
| Trade debts | 44 | €14,293 | €25,859 | +€11,565 | +80.9% |
| Suppliers | 440/4 | €14,293 | €25,859 | +€11,565 | +80.9% |
| Taxes, remuneration and social security | 45 | €30,177 | €25,850 | -€4,328 | -14.3% |
| Taxes | 450/3 | €29,131 | €22,503 | -€6,629 | -22.8% |
| Remuneration and social security | 454/9 | €1,046 | €3,347 | +€2,301 | +220% |
| Other amounts payable | 47/48 | €7,737 | €11,119 | +€3,382 | +43.7% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Non-recurring operating income | 76A | €1,560 | €0 | -€1,560 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,261 | €13,332 | +€5,071 | +61.4% |
| Other operating charges | 640/8 | €679 | €753 | +€74 | +10.8% |
| Gross operating margin | 9900 | €114,151 | €144,641 | +€30,490 | +26.7% |
| Operating profit (loss) | 9901 | €105,211 | €130,556 | +€25,345 | +24.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €718 | €589 | -€128 | -17.9% |
| Recurring financial charges | 65 | €718 | €589 | -€128 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €104,494 | €129,968 | +€25,475 | +24.4% |
| Income taxes | 67/77 | €23,257 | €33,172 | +€9,914 | +42.6% |
| Profit (loss) for the period | 9904 | €81,236 | €96,797 | +€15,560 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,236 | €96,797 | +€15,560 | +19.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.