CAM WITH AN 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.
CAM WITH AN A
Largest movements
- Receivables within one year -€82,641
down €82,641 (-73.7%), from €112,077 to €29,436
of which Trade receivables: -€55,338
- Cash -€25,447
down €25,447 (-54.1%), from €47,073 to €21,626
mainly Other debts (-€107,230) and Tax, wage and social debts (-€10,954)
- Tangible fixed assets -€3,691
down €3,691 (-26.2%), from €14,097 to €10,406
- Other debts -€107,230
no longer reported in 2025 (was €107,230)
- Tax, wage and social debts -€10,954
down €10,954 (-37.7%), from €29,076 to €18,122
of which Taxes: -€13,154
- Profit (loss) carried forward +€6,049
up €6,049 (+15.8%), from €38,327 to €44,376
- Gross operating margin -€46,078
down €46,078 (-74.9%), from €61,514 to €15,436
- Taxes -€4,130
down €4,130 (-54.0%), from €7,643 to €3,513
- Financial charges +€2,596
up €2,596 (+239%), from €1,086 to €3,682
- Other operating charges -€1,451
no longer reported in 2025 (was €1,451)
- Financial income -€1,165
down €1,165 (-43.7%), from €2,664 to €1,499
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 | €191,807 | €79,468 | -€112,339 | -58.6% |
| Fixed assets | 21/28 | €14,097 | €10,406 | -€3,691 | -26.2% |
| Tangible fixed assets | 22/27 | €14,097 | €10,406 | -€3,691 | -26.2% |
| Furniture and vehicles | 24 | €14,097 | €10,406 | -€3,691 | -26.2% |
| Current assets | 29/58 | €177,710 | €69,061 | -€108,649 | -61.1% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,077 | €29,436 | -€82,641 | -73.7% |
| Trade receivables | 40 | €70,765 | €15,428 | -€55,338 | -78.2% |
| Other amounts receivable | 41 | €41,312 | €14,008 | -€27,304 | -66.1% |
| Cash at bank and in hand | 54/58 | €47,073 | €21,626 | -€25,447 | -54.1% |
| Deferred charges and accrued income | 490/1 | €560 | - | -€560 | |
| Total equity and liabilities | 10/49 | €191,807 | €79,468 | -€112,339 | -58.6% |
| Equity | 10/15 | €48,327 | €54,376 | +€6,049 | +12.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,327 | €44,376 | +€6,049 | +15.8% |
| Amounts payable | 17/49 | €143,480 | €25,092 | -€118,388 | -82.5% |
| Amounts payable within one year | 42/48 | €143,480 | €25,092 | -€118,388 | -82.5% |
| Financial debts | 43 | €35 | - | -€35 | |
| Credit institutions | 430/8 | €35 | - | -€35 | |
| Trade debts | 44 | €7,139 | €6,969 | -€170 | -2.4% |
| Suppliers | 440/4 | €7,139 | €6,969 | -€170 | -2.4% |
| Taxes, remuneration and social security | 45 | €29,076 | €18,122 | -€10,954 | -37.7% |
| Taxes | 450/3 | €29,076 | €15,922 | -€13,154 | -45.2% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €107,230 | - | -€107,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,657 | €3,691 | +€34 | +0.9% |
| Other operating charges | 640/8 | €1,451 | - | -€1,451 | |
| Gross operating margin | 9900 | €61,514 | €15,436 | -€46,078 | -74.9% |
| Operating profit (loss) | 9901 | €56,406 | €11,745 | -€44,661 | -79.2% |
| Financial income | 75/76B | €2,664 | €1,499 | -€1,165 | -43.7% |
| Recurring financial income | 75 | €2,664 | €1,499 | -€1,165 | -43.7% |
| Financial charges | 65/66B | €1,086 | €3,682 | +€2,596 | +239% |
| Recurring financial charges | 65 | €1,086 | €3,682 | +€2,596 | +239% |
| Profit (loss) for the period before taxes | 9903 | €57,984 | €9,562 | -€48,422 | -83.5% |
| Income taxes | 67/77 | €7,643 | €3,513 | -€4,130 | -54.0% |
| Profit (loss) for the period | 9904 | €50,341 | €6,049 | -€44,292 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,341 | €6,049 | -€44,292 | -88.0% |
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 1 November 2026 via checked.be.