CAMADA: what changed
CAMADA
Largest movements
- Cash -€95,426
down €95,426 (-96.5%), from €98,909 to €3,483
mainly Other debts (-€108,967) and Tax, wage and social debts (-€53,559)
- Receivables within one year -€94,231
down €94,231 (-35.0%), from €269,190 to €174,959
of which Trade receivables: -€114,231
- Other debts -€108,967
down €108,967 (-50.8%), from €214,322 to €105,355
- Tax, wage and social debts -€53,559
down €53,559 (-83.2%), from €64,374 to €10,815
- Profit (loss) carried forward -€22,817
down €22,817 (-31.0%), from €73,707 to €50,890
- Current portion of long-term debt -€4,254
down €4,254 (-39.9%), from €10,667 to €6,413
- Gross operating margin -€132,445
down €132,445, from €109,991 to -€22,454
- Taxes -€27,872
down €27,872, from €26,700 to -€1,172
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 | €368,319 | €178,662 | -€189,657 | -51.5% |
| Fixed assets | 21/28 | €220 | €220 | = | 0.0% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €368,099 | €178,442 | -€189,657 | -51.5% |
| Amounts receivable within one year | 40/41 | €269,190 | €174,959 | -€94,231 | -35.0% |
| Trade receivables | 40 | €263,890 | €149,659 | -€114,231 | -43.3% |
| Other amounts receivable | 41 | €5,300 | €25,300 | +€20,000 | +377% |
| Cash at bank and in hand | 54/58 | €98,909 | €3,483 | -€95,426 | -96.5% |
| Total equity and liabilities | 10/49 | €368,319 | €178,662 | -€189,657 | -51.5% |
| Equity | 10/15 | €76,707 | €53,890 | -€22,817 | -29.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,707 | €50,890 | -€22,817 | -31.0% |
| Amounts payable | 17/49 | €291,612 | €124,772 | -€166,840 | -57.2% |
| Amounts payable within one year | 42/48 | €291,612 | €124,772 | -€166,840 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €10,667 | €6,413 | -€4,254 | -39.9% |
| Trade debts | 44 | €2,249 | €2,189 | -€60 | -2.7% |
| Suppliers | 440/4 | €2,249 | €2,189 | -€60 | -2.7% |
| Taxes, remuneration and social security | 45 | €64,374 | €10,815 | -€53,559 | -83.2% |
| Taxes | 450/3 | €64,374 | €10,815 | -€53,559 | -83.2% |
| Other amounts payable | 47/48 | €214,322 | €105,355 | -€108,967 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616 | - | -€616 | |
| Other operating charges | 640/8 | €803 | €884 | +€81 | +10.1% |
| Gross operating margin | 9900 | €109,991 | -€22,454 | -€132,445 | |
| Operating profit (loss) | 9901 | €108,572 | -€23,338 | -€131,910 | |
| Financial charges | 65/66B | €617 | €651 | +€34 | +5.5% |
| Recurring financial charges | 65 | €617 | €651 | +€34 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €107,955 | -€23,989 | -€131,944 | |
| Income taxes | 67/77 | €26,700 | -€1,172 | -€27,872 | |
| Profit (loss) for the period | 9904 | €81,255 | -€22,817 | -€104,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,255 | -€22,817 | -€104,072 |
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.