CAMAREM: 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.
CAMAREM
Largest movements
- Cash -€38,023
down €38,023 (-27.3%), from €139,521 to €101,498
mainly Other debts (-€67,314) and Tax, wage and social debts (-€14,833)
- Receivables within one year -€29,306
down €29,306 (-71.2%), from €41,172 to €11,866
of which Trade receivables: -€36,409
- Other debts -€67,314
no longer reported in 2025 (was €67,314)
- Profit (loss) carried forward +€15,542
up €15,542 (+34.0%), from €45,733 to €61,275
- Tax, wage and social debts -€14,833
down €14,833 (-52.9%), from €28,062 to €13,229
- Gross operating margin -€63,827
down €63,827 (-70.8%), from €90,178 to €26,351
- Taxes -€13,036
down €13,036 (-67.9%), from €19,191 to €6,155
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 | €192,193 | €124,126 | -€68,066 | -35.4% |
| Fixed assets | 21/28 | €10,595 | €9,429 | -€1,166 | -11.0% |
| Tangible fixed assets | 22/27 | €10,595 | €9,429 | -€1,166 | -11.0% |
| Plant, machinery and equipment | 23 | €2,933 | €2,543 | -€391 | -13.3% |
| Furniture and vehicles | 24 | €7,662 | €6,886 | -€776 | -10.1% |
| Current assets | 29/58 | €181,598 | €114,698 | -€66,900 | -36.8% |
| Amounts receivable within one year | 40/41 | €41,172 | €11,866 | -€29,306 | -71.2% |
| Trade receivables | 40 | €36,409 | - | -€36,409 | |
| Other amounts receivable | 41 | €4,763 | €11,866 | +€7,103 | +149% |
| Cash at bank and in hand | 54/58 | €139,521 | €101,498 | -€38,023 | -27.3% |
| Deferred charges and accrued income | 490/1 | €904 | €1,333 | +€429 | +47.5% |
| Total equity and liabilities | 10/49 | €192,193 | €124,126 | -€68,066 | -35.4% |
| Equity | 10/15 | €92,243 | €107,784 | +€15,542 | +16.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,510 | €43,510 | = | 0.0% |
| Distributable reserves | 133 | €43,510 | €43,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,733 | €61,275 | +€15,542 | +34.0% |
| Amounts payable | 17/49 | €99,950 | €16,342 | -€83,608 | -83.6% |
| Amounts payable within one year | 42/48 | €99,950 | €16,342 | -€83,608 | -83.6% |
| Trade debts | 44 | €4,574 | €3,113 | -€1,460 | -31.9% |
| Suppliers | 440/4 | €4,574 | €3,113 | -€1,460 | -31.9% |
| Taxes, remuneration and social security | 45 | €28,062 | €13,229 | -€14,833 | -52.9% |
| Taxes | 450/3 | €28,062 | €13,229 | -€14,833 | -52.9% |
| Other amounts payable | 47/48 | €67,314 | - | -€67,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,444 | €2,956 | +€512 | +21.0% |
| Other operating charges | 640/8 | €377 | €651 | +€274 | +72.6% |
| Gross operating margin | 9900 | €90,178 | €26,351 | -€63,827 | -70.8% |
| Operating profit (loss) | 9901 | €87,358 | €22,745 | -€64,613 | -74.0% |
| Financial income | 75/76B | €448 | €205 | -€243 | -54.2% |
| Recurring financial income | 75 | €448 | €205 | -€243 | -54.2% |
| Financial charges | 65/66B | €1,300 | €1,254 | -€46 | -3.5% |
| Recurring financial charges | 65 | €1,300 | €1,254 | -€46 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €86,506 | €21,696 | -€64,809 | -74.9% |
| Income taxes | 67/77 | €19,191 | €6,155 | -€13,036 | -67.9% |
| Profit (loss) for the period | 9904 | €67,314 | €15,542 | -€51,773 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,314 | €15,542 | -€51,773 | -76.9% |
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 14 October 2026 via checked.be.