CAMELCASE: 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.
CAMELCASE
Largest movements
- Cash +€34,280
new in 2025: €34,280
mainly Net result for the year (+€62,313) and Tax, wage and social debts (+€6,628)
- Tangible fixed assets +€22,889
new in 2025: €22,889
- Receivables within one year +€12,311
up €12,311 (+153.9%), from €8,000 to €20,311
of which Trade receivables: +€18,373
- Reserves +€58,000
new in 2025: €58,000
- Tax, wage and social debts +€6,628
new in 2025: €6,628
- Profit (loss) carried forward +€3,480
up €3,480, from -€3,089 to €391
- Other debts +€2,150
up €2,150 (+286.7%), from €750 to €2,900
- Gross operating margin +€83,639
up €83,639, from -€3,089 to €80,550
- Taxes +€15,563
new in 2025: €15,563
- Depreciation +€2,667
new in 2025: €2,667
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 | €8,000 | €77,578 | +€69,578 | +869.7% |
| Fixed assets | 21/28 | - | €22,889 | +€22,889 | |
| Tangible fixed assets | 22/27 | - | €22,889 | +€22,889 | |
| Furniture and vehicles | 24 | - | €22,889 | +€22,889 | |
| Current assets | 29/58 | €8,000 | €54,689 | +€46,689 | +583.6% |
| Amounts receivable within one year | 40/41 | €8,000 | €20,311 | +€12,311 | +153.9% |
| Trade receivables | 40 | - | €18,373 | +€18,373 | |
| Other amounts receivable | 41 | €8,000 | €1,937 | -€6,063 | -75.8% |
| Cash at bank and in hand | 54/58 | - | €34,280 | +€34,280 | |
| Deferred charges and accrued income | 490/1 | - | €99 | +€99 | |
| Total equity and liabilities | 10/49 | €8,000 | €77,578 | +€69,578 | +869.7% |
| Equity | 10/15 | €4,911 | €66,391 | +€61,480 | +1251.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €58,000 | +€58,000 | |
| Distributable reserves | 133 | - | €58,000 | +€58,000 | |
| Profit (loss) carried forward | 14 | -€3,089 | €391 | +€3,480 | |
| Amounts payable | 17/49 | €3,089 | €11,187 | +€8,098 | +262.2% |
| Amounts payable within one year | 42/48 | €3,089 | €11,166 | +€8,077 | +261.5% |
| Trade debts | 44 | €2,339 | €1,638 | -€701 | -30.0% |
| Suppliers | 440/4 | €2,339 | €1,638 | -€701 | -30.0% |
| Taxes, remuneration and social security | 45 | - | €6,628 | +€6,628 | |
| Taxes | 450/3 | - | €6,628 | +€6,628 | |
| Other amounts payable | 47/48 | €750 | €2,900 | +€2,150 | +286.7% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,667 | +€2,667 | |
| Gross operating margin | 9900 | -€3,089 | €80,550 | +€83,639 | |
| Operating profit (loss) | 9901 | -€3,089 | €77,883 | +€80,972 | |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | -€3,089 | €77,876 | +€80,965 | |
| Income taxes | 67/77 | - | €15,563 | +€15,563 | |
| Profit (loss) for the period | 9904 | -€3,089 | €62,313 | +€65,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,089 | €62,313 | +€65,402 |
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 9 October 2026 via checked.be.