CAMARGUE: 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.
CAMARGUE
Largest movements
- Receivables within one year +€34,176
up €34,176 (+351%), from €9,750 to €43,926
of which Other amounts receivable: +€34,654
- Tangible fixed assets -€21,469
down €21,469 (-32.0%), from €66,990 to €45,521
of which Leasing and similar rights: -€13,872
- Deferred charges and accrued income +€14,425
up €14,425 (+5,087%), from €284 to €14,709
- Cash +€13,594
up €13,594 (+39.6%), from €34,302 to €47,895
mainly Depreciation (+€22,844) and Trade debts (+€17,799)
- Trade debts +€17,799
up €17,799 (+27.7%), from €64,317 to €82,116
- Profit (loss) carried forward +€9,773
up €9,773 (+38.3%), from -€25,490 to -€15,717
- Debts after one year -€8,917
down €8,917 (-25.9%), from €34,446 to €25,529
- Tax, wage and social debts +€8,373
up €8,373 (+38.9%), from €21,520 to €29,893
of which Taxes: +€6,503
- Current portion of long-term debt +€8,110
up €8,110 (+51.9%), from €15,638 to €23,748
- Gross operating margin -€31,406
down €31,406 (-19.5%), from €161,371 to €129,965
- Financial charges -€2,057
down €2,057 (-25.0%), from €8,218 to €6,160
- Staff costs +€1,668
up €1,668 (+2.0%), from €83,502 to €85,170
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 | €129,030 | €168,051 | +€39,021 | +30.2% |
| Fixed assets | 21/28 | €75,803 | €54,084 | -€21,719 | -28.7% |
| Intangible fixed assets | 21 | €3,563 | €3,313 | -€250 | -7.0% |
| Tangible fixed assets | 22/27 | €66,990 | €45,521 | -€21,469 | -32.0% |
| Plant, machinery and equipment | 23 | €20,430 | €17,277 | -€3,153 | -15.4% |
| Furniture and vehicles | 24 | €3,337 | - | -€3,337 | |
| Leasing and similar rights | 25 | €36,371 | €22,499 | -€13,872 | -38.1% |
| Other tangible fixed assets | 26 | €6,852 | €5,745 | -€1,107 | -16.2% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €53,227 | €113,967 | +€60,740 | +114% |
| Stocks and contracts in progress | 3 | €8,892 | €7,437 | -€1,455 | -16.4% |
| Stocks | 30/36 | €8,892 | €7,437 | -€1,455 | -16.4% |
| Amounts receivable within one year | 40/41 | €9,750 | €43,926 | +€34,176 | +351% |
| Trade receivables | 40 | €684 | €205 | -€479 | -70.0% |
| Other amounts receivable | 41 | €9,066 | €43,721 | +€34,654 | +382% |
| Cash at bank and in hand | 54/58 | €34,302 | €47,895 | +€13,594 | +39.6% |
| Deferred charges and accrued income | 490/1 | €284 | €14,709 | +€14,425 | +5,087% |
| Total equity and liabilities | 10/49 | €129,030 | €168,051 | +€39,021 | +30.2% |
| Equity | 10/15 | -€6,890 | €2,883 | +€9,773 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,490 | -€15,717 | +€9,773 | +38.3% |
| Amounts payable | 17/49 | €135,920 | €165,168 | +€29,248 | +21.5% |
| Amounts payable after more than one year | 17 | €34,446 | €25,529 | -€8,917 | -25.9% |
| Financial debts | 170/4 | €34,446 | €25,529 | -€8,917 | -25.9% |
| Amounts payable within one year | 42/48 | €101,475 | €139,639 | +€38,165 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €15,638 | €23,748 | +€8,110 | +51.9% |
| Trade debts | 44 | €64,317 | €82,116 | +€17,799 | +27.7% |
| Suppliers | 440/4 | €64,317 | €82,116 | +€17,799 | +27.7% |
| Taxes, remuneration and social security | 45 | €21,520 | €29,893 | +€8,373 | +38.9% |
| Taxes | 450/3 | €16,377 | €22,880 | +€6,503 | +39.7% |
| Remuneration and social security | 454/9 | €5,142 | €7,013 | +€1,870 | +36.4% |
| Other amounts payable | 47/48 | - | €3,883 | +€3,883 | |
| Non-recurring operating income | 76A | €13,223 | - | -€13,223 | |
| Remuneration, social security and pensions | 62 | €83,502 | €85,170 | +€1,668 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,457 | €22,844 | -€1,613 | -6.6% |
| Other operating charges | 640/8 | €8,044 | €6,556 | -€1,488 | -18.5% |
| Gross operating margin | 9900 | €161,371 | €129,965 | -€31,406 | -19.5% |
| Operating profit (loss) | 9901 | €45,368 | €15,395 | -€29,973 | -66.1% |
| Financial income | 75/76B | €8 | €680 | +€671 | +8,167% |
| Recurring financial income | 75 | €8 | €680 | +€671 | +8,167% |
| Financial charges | 65/66B | €8,218 | €6,160 | -€2,057 | -25.0% |
| Recurring financial charges | 65 | €8,218 | €6,160 | -€2,057 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €37,159 | €9,914 | -€27,245 | -73.3% |
| Income taxes | 67/77 | €167 | €141 | -€26 | -15.8% |
| Profit (loss) for the period | 9904 | €36,992 | €9,773 | -€27,218 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,992 | €9,773 | -€27,218 | -73.6% |
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 17 October 2026 via checked.be.