CAMALO: 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.
CAMALO
Largest movements
- Tangible fixed assets +€3.1m
up €3.1m (+93.5%), from €3.3m to €6.4m
of which Land and buildings: +€3.1m
- Revaluation surpluses +€3.2m
up €3.2m (+232%), from €1.4m to €4.7m
- Profit (loss) carried forward -€139,662
down €139,662 (-14.5%), from -€964,646 to -€1.1m
- Reserves +€101,104
up €101,104 (+33.5%), from €301,852 to €402,956
- Debts after one year -€70,170
down €70,170 (-9.7%), from €725,791 to €655,621
- Depreciation +€60,215
up €60,215 (+32.0%), from €187,917 to €248,132
- Gross operating margin +€8,887
up €8,887 (+5.6%), from €157,981 to €166,868
- Financial charges +€1,913
up €1,913 (+5.3%), from €35,912 to €37,825
- Other operating charges -€1,854
down €1,854 (-7.8%), from €23,734 to €21,880
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 | €3,381,063 | €6,530,219 | +€3.1m | +93.1% |
| Fixed assets | 21/28 | €3,319,461 | €6,424,528 | +€3.1m | +93.5% |
| Tangible fixed assets | 22/27 | €3,319,461 | €6,424,528 | +€3.1m | +93.5% |
| Land and buildings | 22 | €3,280,872 | €6,394,796 | +€3.1m | +94.9% |
| Plant, machinery and equipment | 23 | €1,288 | €3,711 | +€2,423 | +188% |
| Furniture and vehicles | 24 | €37,301 | €26,021 | -€11,280 | -30.2% |
| Current assets | 29/58 | €61,602 | €105,691 | +€44,089 | +71.6% |
| Cash at bank and in hand | 54/58 | €51,230 | €96,850 | +€45,620 | +89.0% |
| Deferred charges and accrued income | 490/1 | €10,372 | €8,841 | -€1,531 | -14.8% |
| Total equity and liabilities | 10/49 | €3,381,063 | €6,530,219 | +€3.1m | +93.1% |
| Equity | 10/15 | €2,538,253 | €5,758,147 | +€3.2m | +127% |
| Contributions | 10/11 | €1,798,841 | €1,798,841 | = | 0.0% |
| Revaluation surpluses | 12 | €1,402,206 | €4,651,173 | +€3.2m | +232% |
| Reserves | 13 | €301,852 | €402,956 | +€101,104 | +33.5% |
| Distributable reserves | 133 | €301,852 | €402,956 | +€101,104 | +33.5% |
| Profit (loss) carried forward | 14 | -€964,646 | -€1,104,309 | -€139,662 | -14.5% |
| Investment grants | 15 | - | €9,485 | +€9,485 | |
| Provisions and deferred taxes | 16 | - | €3,162 | +€3,162 | |
| Deferred taxes | 168 | - | €3,162 | +€3,162 | |
| Amounts payable | 17/49 | €842,810 | €768,910 | -€73,900 | -8.8% |
| Amounts payable after more than one year | 17 | €725,791 | €655,621 | -€70,170 | -9.7% |
| Financial debts | 170/4 | €725,791 | €655,621 | -€70,170 | -9.7% |
| Amounts payable within one year | 42/48 | €75,338 | €67,263 | -€8,075 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €49,574 | €50,170 | +€596 | +1.2% |
| Trade debts | 44 | €15,533 | €2,352 | -€13,181 | -84.9% |
| Suppliers | 440/4 | €15,533 | €2,352 | -€13,181 | -84.9% |
| Taxes, remuneration and social security | 45 | €9,662 | €10,410 | +€748 | +7.7% |
| Taxes | 450/3 | €9,662 | €10,410 | +€748 | +7.7% |
| Other amounts payable | 47/48 | €569 | €4,331 | +€3,762 | +661% |
| Accrued charges and deferred income | 492/3 | €41,681 | €46,026 | +€4,345 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,917 | €248,132 | +€60,215 | +32.0% |
| Other operating charges | 640/8 | €23,734 | €21,880 | -€1,854 | -7.8% |
| Gross operating margin | 9900 | €157,981 | €166,868 | +€8,887 | +5.6% |
| Operating profit (loss) | 9901 | -€53,669 | -€103,143 | -€49,474 | -92.2% |
| Financial income | 75/76B | - | €1,112 | +€1,112 | |
| Recurring financial income | 75 | - | €1,112 | +€1,112 | |
| Financial charges | 65/66B | €35,912 | €37,825 | +€1,913 | +5.3% |
| Recurring financial charges | 65 | €35,912 | €37,825 | +€1,913 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€89,581 | -€139,857 | -€50,276 | -56.1% |
| Transfer from deferred taxes | 780 | - | €371 | +€371 | |
| Income taxes | 67/77 | €182 | €176 | -€6 | -3.2% |
| Profit (loss) for the period | 9904 | -€89,763 | -€139,662 | -€49,900 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,763 | -€139,662 | -€49,900 | -55.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.