CAMARCO: what changed
CAMARCO
Largest movements
- Cash +€31,769
up €31,769 (+16.9%), from €187,845 to €219,615
mainly Net result for the year (+€62,155) and Depreciation (+€17,582)
- Tangible fixed assets +€26,499
up €26,499 (+105%), from €25,168 to €51,667
- Receivables within one year -€3,678
down €3,678 (-15.0%), from €24,442 to €20,764
of which Trade receivables: -€3,923
- Reserves +€61,322
up €61,322 (+35.0%), from €175,113 to €236,435
- Other debts -€9,463
down €9,463 (-37.0%), from €25,597 to €16,135
- Depreciation +€8,384
up €8,384 (+91.2%), from €9,198 to €17,582
- Gross operating margin -€2,497
down €2,497 (-2.4%), from €102,188 to €99,690
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 | €237,930 | €292,045 | +€54,115 | +22.7% |
| Fixed assets | 21/28 | €25,168 | €51,667 | +€26,499 | +105% |
| Tangible fixed assets | 22/27 | €25,168 | €51,667 | +€26,499 | +105% |
| Furniture and vehicles | 24 | €25,168 | €51,667 | +€26,499 | +105% |
| Current assets | 29/58 | €212,762 | €240,378 | +€27,616 | +13.0% |
| Amounts receivable within one year | 40/41 | €24,442 | €20,764 | -€3,678 | -15.0% |
| Trade receivables | 40 | €24,442 | €20,519 | -€3,923 | -16.1% |
| Other amounts receivable | 41 | - | €245 | +€245 | |
| Cash at bank and in hand | 54/58 | €187,845 | €219,615 | +€31,769 | +16.9% |
| Deferred charges and accrued income | 490/1 | €475 | - | -€475 | |
| Total equity and liabilities | 10/49 | €237,930 | €292,045 | +€54,115 | +22.7% |
| Equity | 10/15 | €178,113 | €239,435 | +€61,322 | +34.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €175,113 | €236,435 | +€61,322 | +35.0% |
| Distributable reserves | 133 | €175,113 | €236,435 | +€61,322 | +35.0% |
| Amounts payable | 17/49 | €59,817 | €52,610 | -€7,207 | -12.0% |
| Amounts payable within one year | 42/48 | €59,817 | €52,610 | -€7,207 | -12.0% |
| Trade debts | 44 | €986 | €1,178 | +€193 | +19.5% |
| Suppliers | 440/4 | €986 | €1,178 | +€193 | +19.5% |
| Taxes, remuneration and social security | 45 | €33,234 | €35,298 | +€2,064 | +6.2% |
| Taxes | 450/3 | €33,234 | €35,298 | +€2,064 | +6.2% |
| Other amounts payable | 47/48 | €25,597 | €16,135 | -€9,463 | -37.0% |
| Non-recurring operating income | 76A | €0 | €0 | +€0 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,198 | €17,582 | +€8,384 | +91.2% |
| Other operating charges | 640/8 | €118 | €343 | +€225 | +190% |
| Gross operating margin | 9900 | €102,188 | €99,690 | -€2,497 | -2.4% |
| Operating profit (loss) | 9901 | €92,872 | €81,765 | -€11,106 | -12.0% |
| Financial income | 75/76B | €362 | - | -€362 | |
| Recurring financial income | 75 | €362 | - | -€362 | |
| Financial charges | 65/66B | €1,678 | €1,557 | -€121 | -7.2% |
| Recurring financial charges | 65 | €1,678 | €1,557 | -€121 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €91,557 | €80,208 | -€11,348 | -12.4% |
| Income taxes | 67/77 | €18,845 | €18,053 | -€791 | -4.2% |
| Profit (loss) for the period | 9904 | €72,712 | €62,155 | -€10,557 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,712 | €62,155 | -€10,557 | -14.5% |
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 4 November 2026 via checked.be.