CAMCAR: 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.
CAMCAR
Largest movements
- Cash +€1.0m
up €1.0m (+93545.5%), from €1,090 to €1.0m
- Tangible fixed assets -€326,588
no longer reported in 2025 (was €326,588)
of which Land and buildings: -€326,588
- Stocks and contracts -€12,032
no longer reported in 2025 (was €12,032)
- Reserves +€340,004
up €340,004 (+353.6%), from €96,146 to €436,150
- Profit (loss) carried forward +€299,817
no longer reported in 2025 (was -€299,817)
- Tax, wage and social debts +€234,393
up €234,393 (+4474.3%), from €5,239 to €239,631
of which Taxes: +€235,643
- Revaluation surpluses -€174,998
no longer reported in 2025 (was €174,998)
- Gross operating margin +€862,193
up €862,193 (+3497.8%), from €24,650 to €886,843
- Taxes +€239,631
new in 2025: €239,631
- Depreciation -€20,652
no longer reported in 2025 (was €20,652)
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,258 | €1,027,620 | +€686,363 | +201.1% |
| Fixed assets | 21/28 | €326,588 | - | -€326,588 | |
| Tangible fixed assets | 22/27 | €326,588 | - | -€326,588 | |
| Land and buildings | 22 | €326,588 | - | -€326,588 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €14,670 | €1,027,620 | +€1.0m | +6905.1% |
| Stocks and contracts in progress | 3 | €12,032 | - | -€12,032 | |
| Stocks | 30/36 | €12,032 | - | -€12,032 | |
| Amounts receivable within one year | 40/41 | €1,548 | €7,072 | +€5,524 | +356.8% |
| Trade receivables | 40 | €1,531 | €1,407 | -€124 | -8.1% |
| Other amounts receivable | 41 | €17 | €5,665 | +€5,648 | +32457.6% |
| Cash at bank and in hand | 54/58 | €1,090 | €1,020,549 | +€1.0m | +93545.5% |
| Total equity and liabilities | 10/49 | €341,258 | €1,027,620 | +€686,363 | +201.1% |
| Equity | 10/15 | €71,327 | €536,150 | +€464,823 | +651.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €174,998 | - | -€174,998 | |
| Reserves | 13 | €96,146 | €436,150 | +€340,004 | +353.6% |
| Distributable reserves | 133 | €96,146 | €436,150 | +€340,004 | +353.6% |
| Profit (loss) carried forward | 14 | -€299,817 | - | +€299,817 | |
| Amounts payable | 17/49 | €269,931 | €491,470 | +€221,539 | +82.1% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,931 | €391,470 | +€221,539 | +130.4% |
| Current portion of amounts payable after more than one year | 42 | €1,257 | - | -€1,257 | |
| Financial debts | 43 | €875 | - | -€875 | |
| Credit institutions | 430/8 | €875 | - | -€875 | |
| Trade debts | 44 | €4,516 | €0 | -€4,516 | -100.0% |
| Suppliers | 440/4 | €4,516 | €0 | -€4,516 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,239 | €239,631 | +€234,393 | +4474.3% |
| Taxes | 450/3 | €3,989 | €239,631 | +€235,643 | +5907.9% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €158,045 | €151,839 | -€6,206 | -3.9% |
| Non-recurring operating income | 76A | - | €920,910 | +€920,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,652 | - | -€20,652 | |
| Other operating charges | 640/8 | €4,144 | €5,861 | +€1,718 | +41.4% |
| Gross operating margin | 9900 | €24,650 | €886,843 | +€862,193 | +3497.8% |
| Operating profit (loss) | 9901 | -€146 | €880,982 | +€881,128 | |
| Financial income | 75/76B | €161 | €23 | -€138 | -85.9% |
| Recurring financial income | 75 | €161 | €23 | -€138 | -85.9% |
| Financial charges | 65/66B | €1,096 | €1,552 | +€456 | +41.6% |
| Recurring financial charges | 65 | €1,096 | €1,552 | +€456 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,081 | €879,453 | +€880,534 | |
| Income taxes | 67/77 | - | €239,631 | +€239,631 | |
| Profit (loss) for the period | 9904 | -€1,081 | €639,821 | +€640,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,081 | €639,821 | +€640,902 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.