Cambre 45: 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.
What changed
Cambre 45
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€61,335
2024 · -€55,590-€5,745
Equity
€335,984
2024 · €397,318-€61,335
Cash
€10,918
2024 · €19,418-€8,500
Balance sheet total
€3.3m
2024 · €3.4m-€100,159
Largest movements
Assets
- Tangible fixed assets -€90,078
down €90,078 (-3.8%), from €2.4m to €2.3m
of which Land and buildings: -€89,222
Equity and liabilities
- Debts after one year -€89,542
down €89,542 (-3.4%), from €2.6m to €2.5m
- Profit (loss) carried forward -€61,335
down €61,335 (-15.2%), from -€402,682 to -€464,016
- Accrued charges and deferred income +€51,686
up €51,686 (+23.7%), from €218,164 to €269,850
Income statement
- Financial charges +€25,230
up €25,230 (+41.5%), from €60,752 to €85,981
- Gross operating margin +€17,888
up €17,888 (+16.9%), from €105,965 to €123,852
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.
Result 2024
-€55,590
Gross operating margin
+€17,888
Depreciation
+€1,024
Other operating charges
+€205
Financial income
+€368
Financial charges
-€25,230
Result 2025
-€61,335
raises the resultlowers the result
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.
From operations
+€79,026
Investment
€0
Financing
-€87,526
Cash 2024
€19,418
From operations (derived)
+€79,026
Net result for the year
-€61,335
Depreciation
+€90,078
Receivables after one year
-€2,837
Receivables within one year
+€4,004
Deferred charges and accrued income
+€414
Trade debts
-€2,841
Smaller working-capital items
-€143
Accrued charges and deferred income
+€51,686
Financing
-€87,526
Debts after one year
-€89,542
Current portion of long-term debt
+€2,016
Cash 2025
€10,918
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,357,334 | €3,257,175 | -€100,159 | -3.0% |
| Fixed assets | 21/28 | €2,382,880 | €2,292,802 | -€90,078 | -3.8% |
| Tangible fixed assets | 22/27 | €2,381,520 | €2,291,442 | -€90,078 | -3.8% |
| Land and buildings | 22 | €2,380,664 | €2,291,442 | -€89,222 | -3.7% |
| Furniture and vehicles | 24 | €856 | €0 | -€856 | -100% |
| Financial fixed assets | 28 | €1,360 | €1,360 | = | 0.0% |
| Current assets | 29/58 | €974,453 | €964,373 | -€10,081 | -1.0% |
| Amounts receivable after more than one year | 29 | €940,310 | €943,147 | +€2,837 | +0.3% |
| Other amounts receivable | 291 | €940,310 | €943,147 | +€2,837 | +0.3% |
| Amounts receivable within one year | 40/41 | €10,850 | €6,846 | -€4,004 | -36.9% |
| Trade receivables | 40 | €2,501 | €6,846 | +€4,344 | +174% |
| Other amounts receivable | 41 | €8,348 | €0 | -€8,348 | -100% |
| Cash at bank and in hand | 54/58 | €19,418 | €10,918 | -€8,500 | -43.8% |
| Deferred charges and accrued income | 490/1 | €3,876 | €3,462 | -€414 | -10.7% |
| Total equity and liabilities | 10/49 | €3,357,334 | €3,257,175 | -€100,159 | -3.0% |
| Equity | 10/15 | €397,318 | €335,984 | -€61,335 | -15.4% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€402,682 | -€464,016 | -€61,335 | -15.2% |
| Amounts payable | 17/49 | €2,960,015 | €2,921,191 | -€38,824 | -1.3% |
| Amounts payable after more than one year | 17 | €2,612,075 | €2,522,533 | -€89,542 | -3.4% |
| Financial debts | 170/4 | €2,612,075 | €2,522,533 | -€89,542 | -3.4% |
| Amounts payable within one year | 42/48 | €129,776 | €128,809 | -€968 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €87,526 | €89,542 | +€2,016 | +2.3% |
| Trade debts | 44 | €14,155 | €11,315 | -€2,841 | -20.1% |
| Suppliers | 440/4 | €14,155 | €11,315 | -€2,841 | -20.1% |
| Taxes, remuneration and social security | 45 | €23,695 | €23,678 | -€17 | -0.1% |
| Taxes | 450/3 | €23,695 | €23,678 | -€17 | -0.1% |
| Other amounts payable | 47/48 | €4,400 | €4,274 | -€126 | -2.9% |
| Accrued charges and deferred income | 492/3 | €218,164 | €269,850 | +€51,686 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,102 | €90,078 | -€1,024 | -1.1% |
| Other operating charges | 640/8 | €9,700 | €9,495 | -€205 | -2.1% |
| Gross operating margin | 9900 | €105,965 | €123,852 | +€17,888 | +16.9% |
| Operating profit (loss) | 9901 | €5,162 | €24,279 | +€19,117 | +370% |
| Financial income | 75/76B | €0 | €368 | +€368 | +3,679,800% |
| Recurring financial income | 75 | €0 | €368 | +€368 | +3,679,800% |
| Financial charges | 65/66B | €60,752 | €85,981 | +€25,230 | +41.5% |
| Recurring financial charges | 65 | €60,752 | €85,981 | +€25,230 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,590 | -€61,335 | -€5,745 | -10.3% |
| Profit (loss) for the period | 9904 | -€55,590 | -€61,335 | -€5,745 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,590 | -€61,335 | -€5,745 | -10.3% |
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 22 October 2026 via checked.be.