CAMEE: 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.
CAMEE
Largest movements
- Cash +€67,889
up €67,889 (+19.8%), from €343,117 to €411,006
mainly Depreciation (+€83,807) and Net result for the year (+€50,109)
- Receivables within one year +€21,279
up €21,279 (+15.9%), from €133,897 to €155,176
of which Trade receivables: +€34,748
- Tangible fixed assets +€9,859
up €9,859 (+5.0%), from €197,382 to €207,241
of which Furniture and vehicles: +€13,926
- Stocks and contracts -€9,491
down €9,491 (-8.2%), from €115,091 to €105,600
- Accrued charges and deferred income +€49,423
up €49,423 (+23.5%), from €210,275 to €259,699
- Reserves +€32,435
up €32,435 (+12.4%), from €261,592 to €294,026
of which Distributable reserves: +€32,435
- Debts after one year +€27,676
up €27,676 (+71.2%), from €38,848 to €66,524
- Advances received -€11,000
down €11,000 (-100.0%), from €11,000 to €0
- Trade debts -€8,877
down €8,877 (-7.2%), from €122,933 to €114,056
- Gross operating margin +€149,080
up €149,080 (+33.6%), from €444,265 to €593,346
- Staff costs +€96,595
up €96,595 (+27.9%), from €346,064 to €442,659
- Taxes +€11,275
up €11,275 (+73.3%), from €15,372 to €26,648
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 | €795,449 | €886,469 | +€91,020 | +11.4% |
| Fixed assets | 21/28 | €198,785 | €208,643 | +€9,859 | +5.0% |
| Tangible fixed assets | 22/27 | €197,382 | €207,241 | +€9,859 | +5.0% |
| Plant, machinery and equipment | 23 | €1,719 | €0 | -€1,719 | -100.0% |
| Furniture and vehicles | 24 | €155,247 | €169,173 | +€13,926 | +9.0% |
| Other tangible fixed assets | 26 | €40,416 | €38,067 | -€2,349 | -5.8% |
| Financial fixed assets | 28 | €1,403 | €1,403 | = | 0.0% |
| Current assets | 29/58 | €596,665 | €677,826 | +€81,161 | +13.6% |
| Stocks and contracts in progress | 3 | €115,091 | €105,600 | -€9,491 | -8.2% |
| Stocks | 30/36 | €115,091 | €105,600 | -€9,491 | -8.2% |
| Amounts receivable within one year | 40/41 | €133,897 | €155,176 | +€21,279 | +15.9% |
| Trade receivables | 40 | €109,186 | €143,934 | +€34,748 | +31.8% |
| Other amounts receivable | 41 | €24,711 | €11,242 | -€13,469 | -54.5% |
| Cash at bank and in hand | 54/58 | €343,117 | €411,006 | +€67,889 | +19.8% |
| Deferred charges and accrued income | 490/1 | €4,561 | €6,044 | +€1,483 | +32.5% |
| Total equity and liabilities | 10/49 | €795,449 | €886,469 | +€91,020 | +11.4% |
| Equity | 10/15 | €304,579 | €337,014 | +€32,435 | +10.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €261,592 | €294,026 | +€32,435 | +12.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €259,732 | €292,166 | +€32,435 | +12.5% |
| Profit (loss) carried forward | 14 | €36,782 | €36,782 | -€0 | 0.0% |
| Amounts payable | 17/49 | €490,870 | €549,455 | +€58,585 | +11.9% |
| Amounts payable after more than one year | 17 | €38,848 | €66,524 | +€27,676 | +71.2% |
| Financial debts | 170/4 | €38,848 | €66,524 | +€27,676 | +71.2% |
| Amounts payable within one year | 42/48 | €241,746 | €223,232 | -€18,514 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €48,789 | €49,555 | +€766 | +1.6% |
| Trade debts | 44 | €122,933 | €114,056 | -€8,877 | -7.2% |
| Suppliers | 440/4 | €122,933 | €114,056 | -€8,877 | -7.2% |
| Advances received on contracts in progress | 46 | €11,000 | €0 | -€11,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €50,730 | €58,378 | +€7,648 | +15.1% |
| Taxes | 450/3 | €22,265 | €42,375 | +€20,110 | +90.3% |
| Remuneration and social security | 454/9 | €28,465 | €16,004 | -€12,462 | -43.8% |
| Other amounts payable | 47/48 | €8,294 | €1,242 | -€7,052 | -85.0% |
| Accrued charges and deferred income | 492/3 | €210,275 | €259,699 | +€49,423 | +23.5% |
| Remuneration, social security and pensions | 62 | €346,064 | €442,659 | +€96,595 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,601 | €83,807 | +€5,206 | +6.6% |
| Other operating charges | 640/8 | €6,281 | €4,997 | -€1,284 | -20.4% |
| Gross operating margin | 9900 | €444,265 | €593,346 | +€149,080 | +33.6% |
| Operating profit (loss) | 9901 | €13,319 | €61,882 | +€48,563 | +364.6% |
| Financial income | 75/76B | €21,920 | €19,209 | -€2,711 | -12.4% |
| Recurring financial income | 75 | €21,920 | €19,209 | -€2,711 | -12.4% |
| Financial charges | 65/66B | €5,296 | €4,335 | -€962 | -18.2% |
| Recurring financial charges | 65 | €5,296 | €4,335 | -€962 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €29,943 | €76,757 | +€46,814 | +156.3% |
| Income taxes | 67/77 | €15,372 | €26,648 | +€11,275 | +73.3% |
| Profit (loss) for the period | 9904 | €14,570 | €50,109 | +€35,539 | +243.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,570 | €50,109 | +€35,539 | +243.9% |
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 8 October 2026 via checked.be.