CAMCO: what changed
Two fiscal 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.
CAMCO
Largest movements
- Cash -€18,150
down €18,150 (-40.8%), from €44,491 to €26,341
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€17,543)
- Tangible fixed assets +€16,117
up €16,117 (+125.5%), from €12,842 to €28,959
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€49,315
down €49,315 (-85.3%), from €57,845 to €8,530
- Trade debts -€2,440
down €2,440 (-78.1%), from €3,125 to €685
- Tax, wage and social debts -€1,126
down €1,126 (-30.4%), from €3,705 to €2,580
- Gross operating margin -€12,664
down €12,664 (-70.4%), from €17,976 to €5,312
- Depreciation -€3,001
down €3,001 (-67.8%), from €4,428 to €1,427
- Taxes -€2,050
down €2,050 (-55.3%), from €3,705 to €1,655
- Other operating charges +€324
up €324 (+36.2%), from €893 to €1,216
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 | €72,735 | €69,854 | -€2,880 | -4.0% |
| Fixed assets | 21/28 | €12,842 | €28,959 | +€16,117 | +125.5% |
| Tangible fixed assets | 22/27 | €12,842 | €28,959 | +€16,117 | +125.5% |
| Furniture and vehicles | 24 | €12,842 | €28,959 | +€16,117 | +125.5% |
| Current assets | 29/58 | €59,893 | €40,896 | -€18,997 | -31.7% |
| Amounts receivable within one year | 40/41 | €14,732 | €14,284 | -€448 | -3.0% |
| Other amounts receivable | 41 | €14,732 | €14,284 | -€448 | -3.0% |
| Cash at bank and in hand | 54/58 | €44,491 | €26,341 | -€18,150 | -40.8% |
| Deferred charges and accrued income | 490/1 | €670 | €270 | -€400 | -59.7% |
| Total equity and liabilities | 10/49 | €72,735 | €69,854 | -€2,880 | -4.0% |
| Equity | 10/15 | €65,904 | €16,589 | -€49,315 | -74.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,845 | €8,530 | -€49,315 | -85.3% |
| Amounts payable | 17/49 | €6,831 | €53,265 | +€46,434 | +679.8% |
| Amounts payable within one year | 42/48 | €6,831 | €53,265 | +€46,434 | +679.8% |
| Trade debts | 44 | €3,125 | €685 | -€2,440 | -78.1% |
| Suppliers | 440/4 | €3,125 | €685 | -€2,440 | -78.1% |
| Taxes, remuneration and social security | 45 | €3,705 | €2,580 | -€1,126 | -30.4% |
| Taxes | 450/3 | €3,705 | €2,580 | -€1,126 | -30.4% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,428 | €1,427 | -€3,001 | -67.8% |
| Other operating charges | 640/8 | €893 | €1,216 | +€324 | +36.2% |
| Gross operating margin | 9900 | €17,976 | €5,312 | -€12,664 | -70.4% |
| Operating profit (loss) | 9901 | €12,656 | €2,670 | -€9,986 | -78.9% |
| Financial income | 75/76B | €100 | €122 | +€22 | +22.0% |
| Recurring financial income | 75 | €100 | €122 | +€22 | +22.0% |
| Financial charges | 65/66B | €487 | €451 | -€35 | -7.3% |
| Recurring financial charges | 65 | €487 | €451 | -€35 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,269 | €2,340 | -€9,929 | -80.9% |
| Income taxes | 67/77 | €3,705 | €1,655 | -€2,050 | -55.3% |
| Profit (loss) for the period | 9904 | €8,564 | €685 | -€7,879 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,564 | €685 | -€7,879 | -92.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.