CAMAIEU: 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.
CAMAIEU
Largest movements
- Stocks and contracts -€22,715
down €22,715 (-25.6%), from €88,695 to €65,980
of which Contracts in progress: -€22,715
- Cash +€13,205
up €13,205 (+43.6%), from €30,296 to €43,501
mainly Net result for the year (+€23,345) and Stocks and contracts (+€22,715)
- Receivables within one year +€12,506
up €12,506 (+25.1%), from €49,757 to €62,263
of which Other amounts receivable: +€17,901
- Tangible fixed assets +€6,927
up €6,927 (+192%), from €3,608 to €10,534
of which Other tangible fixed assets: +€7,896
- Reserves +€23,345
up €23,345 (+753%), from €3,099 to €26,444
of which Distributable reserves: +€23,345
- Tax, wage and social debts -€22,757
down €22,757 (-96.4%), from €23,603 to €845
of which Taxes: -€23,462
- Short-term financial debts +€15,000
new in 2025: €15,000
- Trade debts -€8,280
down €8,280 (-46.5%), from €17,802 to €9,522
- Gross operating margin -€92,853
down €92,853 (-45.2%), from €205,352 to €112,499
- Staff costs -€76,047
down €76,047 (-50.2%), from €151,443 to €75,396
- Taxes -€4,799
down €4,799 (-33.9%), from €14,148 to €9,349
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 | €179,852 | €188,607 | +€8,755 | +4.9% |
| Fixed assets | 21/28 | €7,768 | €14,695 | +€6,927 | +89.2% |
| Tangible fixed assets | 22/27 | €3,608 | €10,534 | +€6,927 | +192% |
| Furniture and vehicles | 24 | €3,608 | €2,639 | -€969 | -26.9% |
| Other tangible fixed assets | 26 | - | €7,896 | +€7,896 | |
| Financial fixed assets | 28 | €4,161 | €4,161 | = | 0.0% |
| Current assets | 29/58 | €172,084 | €173,912 | +€1,829 | +1.1% |
| Stocks and contracts in progress | 3 | €88,695 | €65,980 | -€22,715 | -25.6% |
| Stocks | 30/36 | €20,980 | €20,980 | = | 0.0% |
| Contracts in progress | 37 | €67,715 | €45,000 | -€22,715 | -33.5% |
| Amounts receivable within one year | 40/41 | €49,757 | €62,263 | +€12,506 | +25.1% |
| Trade receivables | 40 | €36,892 | €31,497 | -€5,396 | -14.6% |
| Other amounts receivable | 41 | €12,865 | €30,766 | +€17,901 | +139% |
| Cash at bank and in hand | 54/58 | €30,296 | €43,501 | +€13,205 | +43.6% |
| Deferred charges and accrued income | 490/1 | €3,336 | €2,169 | -€1,167 | -35.0% |
| Total equity and liabilities | 10/49 | €179,852 | €188,607 | +€8,755 | +4.9% |
| Equity | 10/15 | €138,426 | €161,771 | +€23,345 | +16.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €26,444 | +€23,345 | +753% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,099 | €26,444 | +€23,345 | +753% |
| Profit (loss) carried forward | 14 | €104,341 | €104,341 | = | 0.0% |
| Amounts payable | 17/49 | €41,426 | €26,836 | -€14,590 | -35.2% |
| Amounts payable within one year | 42/48 | €41,404 | €26,836 | -€14,569 | -35.2% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €17,802 | €9,522 | -€8,280 | -46.5% |
| Suppliers | 440/4 | €17,802 | €9,522 | -€8,280 | -46.5% |
| Taxes, remuneration and social security | 45 | €23,603 | €845 | -€22,757 | -96.4% |
| Taxes | 450/3 | €23,598 | €137 | -€23,462 | -99.4% |
| Remuneration and social security | 454/9 | €4 | €709 | +€705 | +16,814% |
| Other amounts payable | 47/48 | - | €1,468 | +€1,468 | |
| Accrued charges and deferred income | 492/3 | €21 | €0 | -€21 | -100% |
| Non-recurring operating income | 76A | €2,468 | €0 | -€2,468 | -100% |
| Remuneration, social security and pensions | 62 | €151,443 | €75,396 | -€76,047 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €1,215 | +€914 | +303% |
| Other operating charges | 640/8 | €1,906 | €1,846 | -€60 | -3.1% |
| Non-recurring operating charges | 66A | €158 | €0 | -€158 | -100% |
| Gross operating margin | 9900 | €205,352 | €112,499 | -€92,853 | -45.2% |
| Operating profit (loss) | 9901 | €51,544 | €34,042 | -€17,502 | -34.0% |
| Financial income | 75/76B | €441 | €1,167 | +€726 | +165% |
| Recurring financial income | 75 | €441 | €1,167 | +€726 | +165% |
| Financial charges | 65/66B | €2,677 | €2,515 | -€162 | -6.0% |
| Recurring financial charges | 65 | €2,677 | €2,515 | -€162 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €49,308 | €32,694 | -€16,614 | -33.7% |
| Income taxes | 67/77 | €14,148 | €9,349 | -€4,799 | -33.9% |
| Profit (loss) for the period | 9904 | €35,160 | €23,345 | -€11,815 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,160 | €23,345 | -€11,815 | -33.6% |
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 24 October 2026 via checked.be.