CAMBRONNE EXPERTISE: what changed
CAMBRONNE EXPERTISE
Largest movements
- Receivables within one year -€69,144
down €69,144 (-26.6%), from €260,287 to €191,143
of which Trade receivables: -€77,416
- Cash +€15,183
up €15,183 (+19.7%), from €77,264 to €92,447
mainly Net result for the year (+€74,092) and Receivables within one year (+€69,144)
- Tangible fixed assets -€11,668
down €11,668 (-32.2%), from €36,239 to €24,571
of which Furniture and vehicles: -€11,345
- Trade debts -€108,302
down €108,302 (-62.0%), from €174,743 to €66,441
- Profit (loss) carried forward +€74,092
up €74,092 (+156%), from €47,350 to €121,442
- Tax, wage and social debts -€31,044
down €31,044 (-46.1%), from €67,410 to €36,366
- Gross operating margin +€30,725
up €30,725 (+37.3%), from €82,475 to €113,200
- Taxes +€6,712
up €6,712 (+48.1%), from €13,949 to €20,661
- Financial charges -€1,279
down €1,279 (-14.0%), from €9,127 to €7,847
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,790 | €313,536 | -€65,254 | -17.2% |
| Fixed assets | 21/28 | €41,239 | €29,946 | -€11,293 | -27.4% |
| Tangible fixed assets | 22/27 | €36,239 | €24,571 | -€11,668 | -32.2% |
| Furniture and vehicles | 24 | €34,946 | €23,602 | -€11,345 | -32.5% |
| Other tangible fixed assets | 26 | €1,292 | €969 | -€323 | -25.0% |
| Financial fixed assets | 28 | €5,000 | €5,375 | +€375 | +7.5% |
| Current assets | 29/58 | €337,551 | €283,590 | -€53,961 | -16.0% |
| Amounts receivable within one year | 40/41 | €260,287 | €191,143 | -€69,144 | -26.6% |
| Trade receivables | 40 | €227,731 | €150,315 | -€77,416 | -34.0% |
| Other amounts receivable | 41 | €32,556 | €40,828 | +€8,272 | +25.4% |
| Cash at bank and in hand | 54/58 | €77,264 | €92,447 | +€15,183 | +19.7% |
| Total equity and liabilities | 10/49 | €378,790 | €313,536 | -€65,254 | -17.2% |
| Equity | 10/15 | €136,637 | €210,729 | +€74,092 | +54.2% |
| Reserves | 13 | €89,287 | €89,287 | = | 0.0% |
| Distributable reserves | 133 | €89,287 | €89,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,350 | €121,442 | +€74,092 | +156% |
| Amounts payable | 17/49 | €242,153 | €102,806 | -€139,346 | -57.5% |
| Amounts payable within one year | 42/48 | €242,153 | €102,806 | -€139,346 | -57.5% |
| Trade debts | 44 | €174,743 | €66,441 | -€108,302 | -62.0% |
| Suppliers | 440/4 | €174,743 | €66,441 | -€108,302 | -62.0% |
| Taxes, remuneration and social security | 45 | €67,410 | €36,366 | -€31,044 | -46.1% |
| Taxes | 450/3 | €67,410 | €36,366 | -€31,044 | -46.1% |
| Remuneration, social security and pensions | 62 | €528 | €453 | -€75 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,668 | €11,668 | +€0 | 0.0% |
| Other operating charges | 640/8 | €621 | - | -€621 | |
| Operating charges capitalised as restructuring costs | 649 | - | -€267 | -€267 | |
| Gross operating margin | 9900 | €82,475 | €113,200 | +€30,725 | +37.3% |
| Operating profit (loss) | 9901 | €69,659 | €101,347 | +€31,689 | +45.5% |
| Financial income | 75/76B | €767 | €1,253 | +€486 | +63.4% |
| Recurring financial income | 75 | €767 | €1,253 | +€486 | +63.4% |
| Financial charges | 65/66B | €9,127 | €7,847 | -€1,279 | -14.0% |
| Recurring financial charges | 65 | €9,127 | €7,847 | -€1,279 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €61,299 | €94,753 | +€33,454 | +54.6% |
| Income taxes | 67/77 | €13,949 | €20,661 | +€6,712 | +48.1% |
| Profit (loss) for the period | 9904 | €47,350 | €74,092 | +€26,742 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,350 | €74,092 | +€26,742 | +56.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.