CAMEL RIDER: 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.
CAMEL RIDER
Largest movements
- Cash +€10,686
up €10,686 (+766%), from €1,396 to €12,082
mainly Receivables within one year (+€8,110) and Net result for the year (+€7,709)
- Receivables within one year -€8,110
down €8,110 (-34.3%), from €23,642 to €15,531
of which Trade receivables: -€7,865
- Tangible fixed assets +€5,525
new in 2025: €5,525
- Profit (loss) carried forward +€7,709
up €7,709 (+116%), from €6,623 to €14,332
- Trade debts -€6,873
down €6,873 (-45.7%), from €15,023 to €8,150
- Tax, wage and social debts +€4,202
up €4,202 (+190%), from €2,214 to €6,416
- Other debts +€3,063
up €3,063 (+17.8%), from €17,176 to €20,240
- Gross operating margin +€4,056
up €4,056 (+57.0%), from €7,111 to €11,167
- Taxes +€1,742
up €1,742 (+95.4%), from €1,827 to €3,569
- Financial income +€318
new in 2025: €318
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,037 | €55,138 | +€8,101 | +17.2% |
| Fixed assets | 21/28 | €22,000 | €27,525 | +€5,525 | +25.1% |
| Tangible fixed assets | 22/27 | - | €5,525 | +€5,525 | |
| Furniture and vehicles | 24 | - | €5,525 | +€5,525 | |
| Financial fixed assets | 28 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €25,037 | €27,613 | +€2,576 | +10.3% |
| Amounts receivable within one year | 40/41 | €23,642 | €15,531 | -€8,110 | -34.3% |
| Trade receivables | 40 | €21,539 | €13,674 | -€7,865 | -36.5% |
| Other amounts receivable | 41 | €2,103 | €1,857 | -€246 | -11.7% |
| Cash at bank and in hand | 54/58 | €1,396 | €12,082 | +€10,686 | +766% |
| Total equity and liabilities | 10/49 | €47,037 | €55,138 | +€8,101 | +17.2% |
| Equity | 10/15 | €12,623 | €20,332 | +€7,709 | +61.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,623 | €14,332 | +€7,709 | +116% |
| Amounts payable | 17/49 | €34,414 | €34,806 | +€392 | +1.1% |
| Amounts payable within one year | 42/48 | €34,414 | €34,806 | +€392 | +1.1% |
| Trade debts | 44 | €15,023 | €8,150 | -€6,873 | -45.7% |
| Suppliers | 440/4 | €15,023 | €8,150 | -€6,873 | -45.7% |
| Taxes, remuneration and social security | 45 | €2,214 | €6,416 | +€4,202 | +190% |
| Taxes | 450/3 | €2,214 | €6,416 | +€4,202 | +190% |
| Other amounts payable | 47/48 | €17,176 | €20,240 | +€3,063 | +17.8% |
| Other operating charges | 640/8 | €20 | - | -€20 | |
| Gross operating margin | 9900 | €7,111 | €11,167 | +€4,056 | +57.0% |
| Operating profit (loss) | 9901 | €7,091 | €11,167 | +€4,076 | +57.5% |
| Financial income | 75/76B | - | €318 | +€318 | |
| Recurring financial income | 75 | - | €318 | +€318 | |
| Financial charges | 65/66B | €191 | €207 | +€16 | +8.6% |
| Recurring financial charges | 65 | €191 | €207 | +€16 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €6,900 | €11,277 | +€4,377 | +63.4% |
| Income taxes | 67/77 | €1,827 | €3,569 | +€1,742 | +95.4% |
| Profit (loss) for the period | 9904 | €5,074 | €7,709 | +€2,635 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,074 | €7,709 | +€2,635 | +51.9% |
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 24 October 2026 via checked.be.