CAMARIO: 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.
CAMARIO
Largest movements
- Receivables within one year -€46,444
down €46,444 (-20.9%), from €222,199 to €175,755
of which Trade receivables: -€52,582
- Cash +€11,456
up €11,456 (+362%), from €3,163 to €14,618
mainly Receivables within one year (+€46,444) and Net result for the year (+€18,736)
- Short-term financial debts -€44,500
down €44,500 (-84.8%), from €52,500 to €8,000
- Reserves +€18,736
up €18,736 (+20.1%), from €93,404 to €112,140
of which Distributable reserves: +€18,736
- Trade debts -€6,899
down €6,899 (-15.8%), from €43,653 to €36,754
- Gross operating margin +€44,187
up €44,187 (+287%), from €15,401 to €59,588
- Taxes +€8,398
up €8,398, from €0 to €8,398
- Depreciation -€4,868
down €4,868 (-64.7%), from €7,520 to €2,652
- Staff costs +€4,840
up €4,840 (+21.2%), from €22,781 to €27,622
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 | €233,248 | €201,183 | -€32,064 | -13.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,908 | €6,593 | +€685 | +11.6% |
| Tangible fixed assets | 22/27 | €3,893 | €4,578 | +€685 | +17.6% |
| Plant, machinery and equipment | 23 | €2,082 | €4,412 | +€2,330 | +112% |
| Furniture and vehicles | 24 | €1,765 | €166 | -€1,599 | -90.6% |
| Other tangible fixed assets | 26 | €46 | €0 | -€46 | -100% |
| Financial fixed assets | 28 | €2,015 | €2,015 | = | 0.0% |
| Current assets | 29/58 | €227,340 | €194,591 | -€32,749 | -14.4% |
| Amounts receivable within one year | 40/41 | €222,199 | €175,755 | -€46,444 | -20.9% |
| Trade receivables | 40 | €61,173 | €8,591 | -€52,582 | -86.0% |
| Other amounts receivable | 41 | €161,026 | €167,163 | +€6,137 | +3.8% |
| Cash at bank and in hand | 54/58 | €3,163 | €14,618 | +€11,456 | +362% |
| Deferred charges and accrued income | 490/1 | €1,978 | €4,218 | +€2,240 | +113% |
| Total equity and liabilities | 10/49 | €233,248 | €201,183 | -€32,064 | -13.7% |
| Equity | 10/15 | €120,781 | €139,517 | +€18,736 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,404 | €112,140 | +€18,736 | +20.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,544 | €110,280 | +€18,736 | +20.5% |
| Profit (loss) carried forward | 14 | €8,777 | €8,777 | = | 0.0% |
| Amounts payable | 17/49 | €112,467 | €61,666 | -€50,800 | -45.2% |
| Amounts payable within one year | 42/48 | €112,467 | €61,176 | -€51,290 | -45.6% |
| Financial debts | 43 | €52,500 | €8,000 | -€44,500 | -84.8% |
| Credit institutions | 430/8 | €52,500 | €8,000 | -€44,500 | -84.8% |
| Trade debts | 44 | €43,653 | €36,754 | -€6,899 | -15.8% |
| Suppliers | 440/4 | €43,653 | €36,754 | -€6,899 | -15.8% |
| Taxes, remuneration and social security | 45 | €16,314 | €16,422 | +€109 | +0.7% |
| Taxes | 450/3 | €12,967 | €10,632 | -€2,335 | -18.0% |
| Remuneration and social security | 454/9 | €3,347 | €5,790 | +€2,443 | +73.0% |
| Accrued charges and deferred income | 492/3 | €0 | €490 | +€490 | |
| Non-recurring operating income | 76A | €0 | €578 | +€578 | |
| Remuneration, social security and pensions | 62 | €22,781 | €27,622 | +€4,840 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,520 | €2,652 | -€4,868 | -64.7% |
| Other operating charges | 640/8 | €922 | €950 | +€28 | +3.1% |
| Non-recurring operating charges | 66A | - | €114 | +€114 | |
| Gross operating margin | 9900 | €15,401 | €59,588 | +€44,187 | +287% |
| Operating profit (loss) | 9901 | -€15,822 | €28,250 | +€44,072 | |
| Financial income | 75/76B | €4,198 | €3,984 | -€214 | -5.1% |
| Recurring financial income | 75 | €4,198 | €3,984 | -€214 | -5.1% |
| Financial charges | 65/66B | €5,657 | €5,100 | -€558 | -9.9% |
| Recurring financial charges | 65 | €5,657 | €5,100 | -€558 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,281 | €27,134 | +€44,416 | |
| Income taxes | 67/77 | €0 | €8,398 | +€8,398 | |
| Profit (loss) for the period | 9904 | -€17,281 | €18,736 | +€36,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,281 | €18,736 | +€36,018 |
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 20 October 2026 via checked.be.