CAMAAN: 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.
CAMAAN
Largest movements
- Cash +€758,078
up €758,078 (+137.7%), from €550,544 to €1.3m
mainly Net result for the year (+€826,048) and Accrued charges and deferred income (+€21,600)
- Reserves +€840,481
up €840,481 (+21.6%), from €3.9m to €4.7m
- Tax, wage and social debts -€68,676
down €68,676 (-30.9%), from €222,219 to €153,544
- Gross operating margin -€72,809
down €72,809 (-5.7%), from €1.3m to €1.2m
- Taxes -€27,423
down €27,423 (-6.7%), from €407,197 to €379,775
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 | €4,750,981 | €5,536,436 | +€785,456 | +16.5% |
| Fixed assets | 21/28 | €18,923 | €598 | -€18,325 | -96.8% |
| Tangible fixed assets | 22/27 | €18,878 | €553 | -€18,325 | -97.1% |
| Furniture and vehicles | 24 | €18,878 | €553 | -€18,325 | -97.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €4,732,058 | €5,535,838 | +€803,781 | +17.0% |
| Amounts receivable within one year | 40/41 | €1 | €0 | -€1 | -100.0% |
| Trade receivables | 40 | €1 | €0 | -€1 | -100.0% |
| Current investments | 50/53 | €4,179,607 | €4,225,140 | +€45,532 | +1.1% |
| Cash at bank and in hand | 54/58 | €550,544 | €1,308,623 | +€758,078 | +137.7% |
| Deferred charges and accrued income | 490/1 | €1,904 | €2,075 | +€171 | +9.0% |
| Total equity and liabilities | 10/49 | €4,750,981 | €5,536,436 | +€785,456 | +16.5% |
| Equity | 10/15 | €3,949,143 | €4,775,191 | +€826,048 | +20.9% |
| Contributions | 10/11 | €51,960 | €51,960 | = | 0.0% |
| Reserves | 13 | €3,882,750 | €4,723,231 | +€840,481 | +21.6% |
| Distributable reserves | 133 | €3,882,750 | €4,723,231 | +€840,481 | +21.6% |
| Profit (loss) carried forward | 14 | €14,433 | €0 | -€14,433 | -100.0% |
| Amounts payable | 17/49 | €801,837 | €761,245 | -€40,593 | -5.1% |
| Amounts payable after more than one year | 17 | €540,000 | €540,000 | = | 0.0% |
| Financial debts | 170/4 | €540,000 | €540,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,237 | €178,045 | -€62,193 | -25.9% |
| Financial debts | 43 | €325 | €0 | -€325 | -100.0% |
| Credit institutions | 430/8 | €325 | €0 | -€325 | -100.0% |
| Trade debts | 44 | €3,745 | €4,534 | +€788 | +21.0% |
| Suppliers | 440/4 | €3,745 | €4,534 | +€788 | +21.0% |
| Taxes, remuneration and social security | 45 | €222,219 | €153,544 | -€68,676 | -30.9% |
| Taxes | 450/3 | €222,219 | €153,544 | -€68,676 | -30.9% |
| Other amounts payable | 47/48 | €13,948 | €19,968 | +€6,020 | +43.2% |
| Accrued charges and deferred income | 492/3 | €21,600 | €43,200 | +€21,600 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,325 | €18,325 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,266 | €1,287 | +€21 | +1.6% |
| Gross operating margin | 9900 | €1,276,018 | €1,203,209 | -€72,809 | -5.7% |
| Operating profit (loss) | 9901 | €1,256,427 | €1,183,597 | -€72,830 | -5.8% |
| Financial income | 75/76B | €46,416 | €46,987 | +€571 | +1.2% |
| Recurring financial income | 75 | €46,416 | €46,987 | +€571 | +1.2% |
| Financial charges | 65/66B | €21,670 | €24,761 | +€3,091 | +14.3% |
| Recurring financial charges | 65 | €21,670 | €24,761 | +€3,091 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €1,281,172 | €1,205,823 | -€75,349 | -5.9% |
| Income taxes | 67/77 | €407,197 | €379,775 | -€27,423 | -6.7% |
| Profit (loss) for the period | 9904 | €873,975 | €826,048 | -€47,927 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €873,975 | €826,048 | -€47,927 | -5.5% |
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 7 October 2026 via checked.be.