CAMAXI: 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.
CAMAXI
Largest movements
- Deferred charges and accrued income +€58,152
up €58,152 (+31.0%), from €187,708 to €245,861
- Tangible fixed assets +€34,089
up €34,089 (+23.7%), from €144,021 to €178,110
of which Other tangible fixed assets: +€50,888
- Receivables within one year -€31,695
no longer reported in 2025 (was €31,695)
- Cash -€27,678
down €27,678 (-24.6%), from €112,648 to €84,971
mainly Other debts (-€398,413) and Investment in fixed assets (net) (-€70,622)
- Reserves +€420,974
up €420,974 (+1,000%), from €42,100 to €463,074
of which Distributable reserves: +€420,974
- Other debts -€398,413
down €398,413 (-97.4%), from €409,254 to €10,840
- Tax, wage and social debts +€9,375
up €9,375 (+4,306%), from €218 to €9,593
- Gross operating margin +€96,596
up €96,596 (+19.2%), from €502,301 to €598,897
- Depreciation +€21,819
up €21,819 (+148%), from €14,715 to €36,533
- Taxes +€19,672
up €19,672 (+16.4%), from €119,757 to €139,429
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 | €476,073 | €508,941 | +€32,868 | +6.9% |
| Fixed assets | 21/28 | €144,021 | €178,110 | +€34,089 | +23.7% |
| Tangible fixed assets | 22/27 | €144,021 | €178,110 | +€34,089 | +23.7% |
| Plant, machinery and equipment | 23 | €966 | - | -€966 | |
| Furniture and vehicles | 24 | €55,736 | €39,903 | -€15,833 | -28.4% |
| Other tangible fixed assets | 26 | €87,319 | €138,207 | +€50,888 | +58.3% |
| Current assets | 29/58 | €332,052 | €330,831 | -€1,220 | -0.4% |
| Amounts receivable within one year | 40/41 | €31,695 | - | -€31,695 | |
| Other amounts receivable | 41 | €31,695 | - | -€31,695 | |
| Cash at bank and in hand | 54/58 | €112,648 | €84,971 | -€27,678 | -24.6% |
| Deferred charges and accrued income | 490/1 | €187,708 | €245,861 | +€58,152 | +31.0% |
| Total equity and liabilities | 10/49 | €476,073 | €508,941 | +€32,868 | +6.9% |
| Equity | 10/15 | €60,700 | €481,674 | +€420,974 | +694% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,100 | €463,074 | +€420,974 | +1,000% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | - | €420,974 | +€420,974 | |
| Amounts payable | 17/49 | €415,373 | €27,267 | -€388,106 | -93.4% |
| Amounts payable within one year | 42/48 | €415,053 | €26,914 | -€388,139 | -93.5% |
| Trade debts | 44 | €5,582 | €6,481 | +€899 | +16.1% |
| Suppliers | 440/4 | €5,582 | €6,481 | +€899 | +16.1% |
| Taxes, remuneration and social security | 45 | €218 | €9,593 | +€9,375 | +4,306% |
| Taxes | 450/3 | €218 | €9,593 | +€9,375 | +4,306% |
| Other amounts payable | 47/48 | €409,254 | €10,840 | -€398,413 | -97.4% |
| Accrued charges and deferred income | 492/3 | €319 | €353 | +€33 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,715 | €36,533 | +€21,819 | +148% |
| Other operating charges | 640/8 | €974 | €981 | +€7 | +0.7% |
| Gross operating margin | 9900 | €502,301 | €598,897 | +€96,596 | +19.2% |
| Operating profit (loss) | 9901 | €486,612 | €561,383 | +€74,770 | +15.4% |
| Financial income | 75/76B | €1,219 | €31 | -€1,188 | -97.5% |
| Recurring financial income | 75 | €1,219 | €31 | -€1,188 | -97.5% |
| Financial charges | 65/66B | €920 | €1,011 | +€91 | +9.9% |
| Recurring financial charges | 65 | €920 | €1,011 | +€91 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €486,911 | €560,403 | +€73,492 | +15.1% |
| Income taxes | 67/77 | €119,757 | €139,429 | +€19,672 | +16.4% |
| Profit (loss) for the period | 9904 | €367,154 | €420,974 | +€53,820 | +14.7% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €409,254 | €420,974 | +€11,720 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.