CAMBIOWORKS: 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.
CAMBIOWORKS
Largest movements
- Receivables after one year +€43,257
up €43,257 (+56.1%), from €77,095 to €120,352
- Receivables within one year -€19,523
down €19,523 (-35.3%), from €55,303 to €35,780
of which Trade receivables: -€15,564
- Cash +€14,457
up €14,457 (+385.6%), from €3,749 to €18,207
mainly Net result for the year (+€45,112) and Receivables within one year (+€19,523)
- Deferred charges and accrued income +€10,684
up €10,684 (+916.5%), from €1,166 to €11,850
- Tangible fixed assets -€7,342
down €7,342 (-17.2%), from €42,581 to €35,239
of which Furniture and vehicles: -€8,568
- Reserves +€45,112
up €45,112 (+58.2%), from €77,546 to €122,658
- Debts after one year -€7,792
down €7,792 (-34.1%), from €22,870 to €15,077
- Tax, wage and social debts +€7,416
up €7,416 (+40.2%), from €18,463 to €25,879
- Trade debts -€3,493
down €3,493 (-36.0%), from €9,713 to €6,220
- Gross operating margin +€32,954
up €32,954 (+71.7%), from €45,951 to €78,905
- Taxes +€9,830
up €9,830 (+80.9%), from €12,149 to €21,979
- Other operating charges +€1,194
up €1,194 (+57.3%), from €2,084 to €3,278
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.
Cash bridge derived
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 | €179,894 | €221,427 | +€41,533 | +23.1% |
| Fixed assets | 21/28 | €42,581 | €35,239 | -€7,342 | -17.2% |
| Tangible fixed assets | 22/27 | €42,581 | €35,239 | -€7,342 | -17.2% |
| Land and buildings | 22 | €8,133 | €6,960 | -€1,173 | -14.4% |
| Furniture and vehicles | 24 | €32,227 | €23,659 | -€8,568 | -26.6% |
| Other tangible fixed assets | 26 | €2,220 | €4,620 | +€2,400 | +108.1% |
| Current assets | 29/58 | €137,314 | €186,188 | +€48,874 | +35.6% |
| Amounts receivable after more than one year | 29 | €77,095 | €120,352 | +€43,257 | +56.1% |
| Other amounts receivable | 291 | €77,095 | €120,352 | +€43,257 | +56.1% |
| Amounts receivable within one year | 40/41 | €55,303 | €35,780 | -€19,523 | -35.3% |
| Trade receivables | 40 | €51,343 | €35,780 | -€15,564 | -30.3% |
| Other amounts receivable | 41 | €3,960 | €0 | -€3,960 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,749 | €18,207 | +€14,457 | +385.6% |
| Deferred charges and accrued income | 490/1 | €1,166 | €11,850 | +€10,684 | +916.5% |
| Total equity and liabilities | 10/49 | €179,894 | €221,427 | +€41,533 | +23.1% |
| Equity | 10/15 | €121,346 | €166,458 | +€45,112 | +37.2% |
| Contributions | 10/11 | €43,800 | €43,800 | = | 0.0% |
| Reserves | 13 | €77,546 | €122,658 | +€45,112 | +58.2% |
| Distributable reserves | 133 | €77,546 | €122,658 | +€45,112 | +58.2% |
| Amounts payable | 17/49 | €58,548 | €54,968 | -€3,579 | -6.1% |
| Amounts payable after more than one year | 17 | €22,870 | €15,077 | -€7,792 | -34.1% |
| Financial debts | 170/4 | €22,870 | €15,077 | -€7,792 | -34.1% |
| Amounts payable within one year | 42/48 | €35,678 | €39,891 | +€4,213 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €7,502 | €7,792 | +€290 | +3.9% |
| Trade debts | 44 | €9,713 | €6,220 | -€3,493 | -36.0% |
| Suppliers | 440/4 | €9,713 | €6,220 | -€3,493 | -36.0% |
| Taxes, remuneration and social security | 45 | €18,463 | €25,879 | +€7,416 | +40.2% |
| Taxes | 450/3 | €18,463 | €25,879 | +€7,416 | +40.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,742 | €9,742 | = | 0.0% |
| Other operating charges | 640/8 | €2,084 | €3,278 | +€1,194 | +57.3% |
| Gross operating margin | 9900 | €45,951 | €78,905 | +€32,954 | +71.7% |
| Operating profit (loss) | 9901 | €34,125 | €65,885 | +€31,760 | +93.1% |
| Financial income | 75/76B | €1,961 | €2,604 | +€643 | +32.8% |
| Recurring financial income | 75 | €1,961 | €2,604 | +€643 | +32.8% |
| Financial charges | 65/66B | €1,872 | €1,398 | -€474 | -25.3% |
| Recurring financial charges | 65 | €1,872 | €1,398 | -€474 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €34,214 | €67,091 | +€32,877 | +96.1% |
| Income taxes | 67/77 | €12,149 | €21,979 | +€9,830 | +80.9% |
| Profit (loss) for the period | 9904 | €22,065 | €45,112 | +€23,047 | +104.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,065 | €45,112 | +€23,047 | +104.4% |
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 10 October 2026 via checked.be.