CAMAXXI: 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.
CAMAXXI
Largest movements
- Tangible fixed assets -€143,692
down €143,692 (-4.8%), from €3.0m to €2.9m
of which Land and buildings: -€101,491
- Cash +€54,939
up €54,939 (+83.5%), from €65,766 to €120,705
mainly Net result for the year (+€459,508) and Depreciation (+€152,150)
- Debts after one year -€517,632
down €517,632 (-14.3%), from €3.6m to €3.1m
of which Financial debts: -€529,404
- Reserves +€457,927
up €457,927 (+51.4%), from €890,833 to €1.3m
- Gross operating margin +€489,240
up €489,240 (+191%), from €256,542 to €745,782
- Depreciation -€118,713
down €118,713 (-43.8%), from €270,864 to €152,150
- Taxes +€94,221
up €94,221 (+30,971%), from €304 to €94,525
- Financial income -€86,163
down €86,163 (-56.1%), from €153,637 to €67,474
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 | €4,875,159 | €4,783,131 | -€92,028 | -1.9% |
| Fixed assets | 21/28 | €4,529,863 | €4,386,172 | -€143,692 | -3.2% |
| Tangible fixed assets | 22/27 | €2,999,863 | €2,856,172 | -€143,692 | -4.8% |
| Land and buildings | 22 | €2,545,498 | €2,444,008 | -€101,491 | -4.0% |
| Plant, machinery and equipment | 23 | €454,365 | €412,164 | -€42,201 | -9.3% |
| Financial fixed assets | 28 | €1,530,000 | €1,530,000 | = | 0.0% |
| Current assets | 29/58 | €345,295 | €396,959 | +€51,664 | +15.0% |
| Amounts receivable within one year | 40/41 | €279,434 | €273,908 | -€5,525 | -2.0% |
| Trade receivables | 40 | €96,477 | €90,750 | -€5,727 | -5.9% |
| Other amounts receivable | 41 | €182,956 | €183,158 | +€202 | +0.1% |
| Cash at bank and in hand | 54/58 | €65,766 | €120,705 | +€54,939 | +83.5% |
| Deferred charges and accrued income | 490/1 | €96 | €2,346 | +€2,250 | +2,338% |
| Total equity and liabilities | 10/49 | €4,875,159 | €4,783,131 | -€92,028 | -1.9% |
| Equity | 10/15 | €909,433 | €1,367,360 | +€457,927 | +50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €890,833 | €1,348,760 | +€457,927 | +51.4% |
| Distributable reserves | 133 | €890,833 | €1,348,760 | +€457,927 | +51.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,965,726 | €3,415,771 | -€549,955 | -13.9% |
| Amounts payable after more than one year | 17 | €3,632,222 | €3,114,590 | -€517,632 | -14.3% |
| Financial debts | 170/4 | €2,580,447 | €2,051,043 | -€529,404 | -20.5% |
| Other amounts payable | 178/9 | €1,051,775 | €1,063,548 | +€11,773 | +1.1% |
| Amounts payable within one year | 42/48 | €294,573 | €246,403 | -€48,170 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €178,357 | €179,404 | +€1,048 | +0.6% |
| Trade debts | 44 | €52,936 | €4,355 | -€48,580 | -91.8% |
| Suppliers | 440/4 | €52,936 | €4,355 | -€48,580 | -91.8% |
| Taxes, remuneration and social security | 45 | €61,937 | €61,299 | -€638 | -1.0% |
| Taxes | 450/3 | €61,937 | €61,299 | -€638 | -1.0% |
| Other amounts payable | 47/48 | €1,344 | €1,344 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €38,931 | €54,778 | +€15,847 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,864 | €152,150 | -€118,713 | -43.8% |
| Other operating charges | 640/8 | €1,763 | €5,008 | +€3,245 | +184% |
| Gross operating margin | 9900 | €256,542 | €745,782 | +€489,240 | +191% |
| Operating profit (loss) | 9901 | -€16,085 | €588,624 | +€604,708 | |
| Financial income | 75/76B | €153,637 | €67,474 | -€86,163 | -56.1% |
| Recurring financial income | 75 | €153,637 | €67,474 | -€86,163 | -56.1% |
| Financial charges | 65/66B | €108,377 | €102,065 | -€6,312 | -5.8% |
| Recurring financial charges | 65 | €108,377 | €102,065 | -€6,312 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €29,175 | €554,033 | +€524,857 | +1,799% |
| Income taxes | 67/77 | €304 | €94,525 | +€94,221 | +30,971% |
| Profit (loss) for the period | 9904 | €28,871 | €459,508 | +€430,637 | +1,492% |
| Profit (loss) for the period to be appropriated | 9905 | €28,871 | €459,508 | +€430,637 | +1,492% |
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 23 October 2026 via checked.be.