CAMAGUI: 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.
CAMAGUI
Largest movements
- Receivables within one year -€208,782
down €208,782 (-66.2%), from €315,593 to €106,811
of which Other amounts receivable: -€211,071
- Tangible fixed assets +€162,290
up €162,290 (+15.3%), from €1.1m to €1.2m
of which Land and buildings: +€183,389
- Cash +€69,090
up €69,090 (+308%), from €22,439 to €91,529
mainly Receivables within one year (+€208,782) and Other debts (+€116,494)
- Stocks and contracts +€64,691
new in 2025: €64,691
- Other debts +€116,494
new in 2025: €116,494
- Trade debts +€58,223
up €58,223 (+3,437%), from €1,694 to €59,917
- Reserves -€35,687
down €35,687 (-2.9%), from €1.2m to €1.2m
- Debts after one year -€27,820
down €27,820 (-26.5%), from €104,919 to €77,098
- Gross operating margin -€77,715
down €77,715 (-59.5%), from €130,608 to €52,893
- Taxes -€13,331
down €13,331 (-94.7%), from €14,081 to €750
- Financial income -€6,726
down €6,726 (-99.1%), from €6,788 to €62
- Financial charges +€2,568
up €2,568 (+83.8%), from €3,066 to €5,635
- Depreciation -€2,503
down €2,503 (-3.2%), from €77,773 to €75,270
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 | €1,400,183 | €1,500,480 | +€100,297 | +7.2% |
| Fixed assets | 21/28 | €1,062,152 | €1,231,382 | +€169,230 | +15.9% |
| Intangible fixed assets | 21 | - | €6,940 | +€6,940 | |
| Tangible fixed assets | 22/27 | €1,062,152 | €1,224,441 | +€162,290 | +15.3% |
| Land and buildings | 22 | €930,081 | €1,113,470 | +€183,389 | +19.7% |
| Plant, machinery and equipment | 23 | - | €3,215 | +€3,215 | |
| Furniture and vehicles | 24 | €1,000 | €5,189 | +€4,189 | +419% |
| Leasing and similar rights | 25 | €131,071 | €102,567 | -€28,504 | -21.7% |
| Current assets | 29/58 | €338,032 | €269,099 | -€68,933 | -20.4% |
| Stocks and contracts in progress | 3 | - | €64,691 | +€64,691 | |
| Stocks | 30/36 | - | €64,691 | +€64,691 | |
| Amounts receivable within one year | 40/41 | €315,593 | €106,811 | -€208,782 | -66.2% |
| Trade receivables | 40 | €72,745 | €75,035 | +€2,289 | +3.1% |
| Other amounts receivable | 41 | €242,848 | €31,777 | -€211,071 | -86.9% |
| Cash at bank and in hand | 54/58 | €22,439 | €91,529 | +€69,090 | +308% |
| Deferred charges and accrued income | 490/1 | - | €6,067 | +€6,067 | |
| Total equity and liabilities | 10/49 | €1,400,183 | €1,500,480 | +€100,297 | +7.2% |
| Equity | 10/15 | €1,245,358 | €1,209,671 | -€35,687 | -2.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €1,224,358 | €1,188,671 | -€35,687 | -2.9% |
| Distributable reserves | 133 | €1,224,358 | €1,188,671 | -€35,687 | -2.9% |
| Amounts payable | 17/49 | €154,826 | €290,809 | +€135,984 | +87.8% |
| Amounts payable after more than one year | 17 | €104,919 | €77,098 | -€27,820 | -26.5% |
| Financial debts | 170/4 | €104,919 | €77,098 | -€27,820 | -26.5% |
| Amounts payable within one year | 42/48 | €49,907 | €209,361 | +€159,454 | +320% |
| Current portion of amounts payable after more than one year | 42 | €31,036 | €32,100 | +€1,064 | +3.4% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Other loans | 439 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €1,694 | €59,917 | +€58,223 | +3,437% |
| Suppliers | 440/4 | €1,694 | €59,917 | +€58,223 | +3,437% |
| Advances received on contracts in progress | 46 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €2,177 | €750 | -€1,427 | -65.5% |
| Taxes | 450/3 | €2,177 | €750 | -€1,427 | -65.5% |
| Other amounts payable | 47/48 | - | €116,494 | +€116,494 | |
| Accrued charges and deferred income | 492/3 | - | €4,350 | +€4,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,773 | €75,270 | -€2,503 | -3.2% |
| Other operating charges | 640/8 | €8,814 | €6,988 | -€1,826 | -20.7% |
| Gross operating margin | 9900 | €130,608 | €52,893 | -€77,715 | -59.5% |
| Operating profit (loss) | 9901 | €44,021 | -€29,364 | -€73,385 | |
| Financial income | 75/76B | €6,788 | €62 | -€6,726 | -99.1% |
| Recurring financial income | 75 | €6,788 | €62 | -€6,726 | -99.1% |
| Financial charges | 65/66B | €3,066 | €5,635 | +€2,568 | +83.8% |
| Recurring financial charges | 65 | €3,066 | €5,635 | +€2,568 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | €47,742 | -€34,937 | -€82,679 | |
| Income taxes | 67/77 | €14,081 | €750 | -€13,331 | -94.7% |
| Profit (loss) for the period | 9904 | €33,661 | -€35,687 | -€69,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,661 | -€35,687 | -€69,348 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.