Camanoes: 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.
Camanoes
Largest movements
- Tangible fixed assets -€467,738
down €467,738 (-36.5%), from €1.3m to €814,818
of which Land and buildings: -€454,831
- Cash +€234,426
up €234,426 (+140%), from €167,117 to €401,544
mainly Investment in fixed assets (net) (+€392,582) and Depreciation (+€75,156)
- Receivables within one year +€62,779
up €62,779 (+215%), from €29,206 to €91,985
of which Other amounts receivable: +€61,383
- Reserves -€220,870
down €220,870 (-21.8%), from €1.0m to €791,094
of which Distributable reserves: -€175,814
- Debts after one year -€85,605
down €85,605 (-16.2%), from €529,294 to €443,689
- Profit (loss) carried forward +€80,243
no longer reported in 2025 (was -€80,243)
- Other debts +€65,424
up €65,424 (+54.5%), from €120,131 to €185,555
- Gross operating margin +€22,468
up €22,468 (+17.3%), from €129,652 to €152,119
- Staff costs -€21,567
down €21,567 (-60.8%), from €35,499 to €13,932
- Depreciation -€9,538
down €9,538 (-11.3%), from €84,694 to €75,156
- Financial charges -€4,466
down €4,466 (-14.1%), from €31,671 to €27,204
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 | €1,742,452 | €1,571,569 | -€170,883 | -9.8% |
| Fixed assets | 21/28 | €1,282,635 | €814,897 | -€467,738 | -36.5% |
| Tangible fixed assets | 22/27 | €1,282,556 | €814,818 | -€467,738 | -36.5% |
| Land and buildings | 22 | €1,247,646 | €792,815 | -€454,831 | -36.5% |
| Furniture and vehicles | 24 | €34,910 | €22,003 | -€12,907 | -37.0% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €459,817 | €756,672 | +€296,855 | +64.6% |
| Amounts receivable within one year | 40/41 | €29,206 | €91,985 | +€62,779 | +215% |
| Trade receivables | 40 | €17,340 | €18,736 | +€1,397 | +8.1% |
| Other amounts receivable | 41 | €11,866 | €73,248 | +€61,383 | +517% |
| Current investments | 50/53 | €261,266 | €263,143 | +€1,877 | +0.7% |
| Cash at bank and in hand | 54/58 | €167,117 | €401,544 | +€234,426 | +140% |
| Deferred charges and accrued income | 490/1 | €2,228 | - | -€2,228 | |
| Total equity and liabilities | 10/49 | €1,742,452 | €1,571,569 | -€170,883 | -9.8% |
| Equity | 10/15 | €937,921 | €797,294 | -€140,627 | -15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,011,964 | €791,094 | -€220,870 | -21.8% |
| Tax-exempt reserves | 132 | €128,815 | €83,759 | -€45,056 | -35.0% |
| Distributable reserves | 133 | €883,149 | €707,336 | -€175,814 | -19.9% |
| Profit (loss) carried forward | 14 | -€80,243 | - | +€80,243 | |
| Provisions and deferred taxes | 16 | €57,924 | €42,905 | -€15,019 | -25.9% |
| Deferred taxes | 168 | €57,924 | €42,905 | -€15,019 | -25.9% |
| Amounts payable | 17/49 | €746,607 | €731,369 | -€15,238 | -2.0% |
| Amounts payable after more than one year | 17 | €529,294 | €443,689 | -€85,605 | -16.2% |
| Financial debts | 170/4 | €529,294 | €443,689 | -€85,605 | -16.2% |
| Amounts payable within one year | 42/48 | €217,313 | €287,680 | +€70,367 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €81,837 | €85,605 | +€3,768 | +4.6% |
| Financial debts | 43 | €5,030 | €5,060 | +€30 | +0.6% |
| Other loans | 439 | €5,030 | €5,060 | +€30 | +0.6% |
| Trade debts | 44 | €4,238 | €102 | -€4,136 | -97.6% |
| Suppliers | 440/4 | €4,238 | €102 | -€4,136 | -97.6% |
| Taxes, remuneration and social security | 45 | €6,078 | €11,358 | +€5,281 | +86.9% |
| Taxes | 450/3 | €4,738 | €9,106 | +€4,368 | +92.2% |
| Remuneration and social security | 454/9 | €1,339 | €2,252 | +€913 | +68.2% |
| Other amounts payable | 47/48 | €120,131 | €185,555 | +€65,424 | +54.5% |
| Non-recurring operating income | 76A | - | €40,356 | +€40,356 | |
| Remuneration, social security and pensions | 62 | €35,499 | €13,932 | -€21,567 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,694 | €75,156 | -€9,538 | -11.3% |
| Other operating charges | 640/8 | €9,890 | €8,376 | -€1,514 | -15.3% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €129,652 | €152,119 | +€22,468 | +17.3% |
| Operating profit (loss) | 9901 | -€1,932 | €54,655 | +€56,587 | |
| Financial income | 75/76B | €3,390 | €3,434 | +€44 | +1.3% |
| Recurring financial income | 75 | €3,390 | €3,434 | +€44 | +1.3% |
| Financial charges | 65/66B | €31,671 | €27,204 | -€4,466 | -14.1% |
| Recurring financial charges | 65 | €31,671 | €27,204 | -€4,466 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,212 | €30,884 | +€61,097 | |
| Transfer from deferred taxes | 780 | €1,484 | €15,019 | +€13,535 | +912% |
| Income taxes | 67/77 | - | €974 | +€974 | |
| Profit (loss) for the period | 9904 | -€28,728 | €44,929 | +€73,657 | |
| Transfer from tax-exempt reserves | 789 | €4,452 | €45,056 | +€40,604 | +912% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,276 | €89,985 | +€114,261 |
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 14 October 2026 via checked.be.