Camelek: 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.
Camelek
Largest movements
- Receivables within one year -€23,640
down €23,640 (-45.0%), from €52,480 to €28,840
of which Trade receivables: -€23,256
- Stocks and contracts +€15,235
up €15,235 (+84.6%), from €18,000 to €33,235
of which Contracts in progress: +€13,100
- Tangible fixed assets -€14,296
down €14,296 (-39.6%), from €36,091 to €21,796
of which Furniture and vehicles: -€7,296
- Cash -€12,146
down €12,146 (-85.9%), from €14,134 to €1,988
mainly Net result for the year (-€21,854) and Trade debts (-€18,967)
- Deferred charges and accrued income -€3,034
down €3,034 (-84.3%), from €3,600 to €566
- Profit (loss) carried forward -€21,854
down €21,854 (-72.8%), from -€30,013 to -€51,868
- Trade debts -€18,967
down €18,967 (-57.7%), from €32,873 to €13,905
- Debts after one year +€11,556
up €11,556 (+15.4%), from €74,812 to €86,368
of which Other amounts payable: +€18,000
- Tax, wage and social debts -€9,140
down €9,140 (-74.5%), from €12,263 to €3,123
- Advances received +€5,000
new in 2025: €5,000
- Gross operating margin -€18,516
down €18,516, from €16,275 to -€2,242
- Write-downs +€6,000
new in 2025: €6,000
- Depreciation -€5,071
down €5,071 (-36.4%), from €13,918 to €8,846
- Financial charges -€1,219
down €1,219 (-31.4%), from €3,884 to €2,665
- Other operating charges -€364
down €364 (-14.7%), from €2,465 to €2,101
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 | €124,306 | €86,425 | -€37,881 | -30.5% |
| Fixed assets | 21/28 | €36,091 | €21,796 | -€14,296 | -39.6% |
| Tangible fixed assets | 22/27 | €36,091 | €21,796 | -€14,296 | -39.6% |
| Plant, machinery and equipment | 23 | €25,712 | €18,712 | -€7,000 | -27.2% |
| Furniture and vehicles | 24 | €10,379 | €3,084 | -€7,296 | -70.3% |
| Current assets | 29/58 | €88,215 | €64,629 | -€23,585 | -26.7% |
| Stocks and contracts in progress | 3 | €18,000 | €33,235 | +€15,235 | +84.6% |
| Stocks | 30/36 | €5,500 | €7,635 | +€2,135 | +38.8% |
| Contracts in progress | 37 | €12,500 | €25,600 | +€13,100 | +105% |
| Amounts receivable within one year | 40/41 | €52,480 | €28,840 | -€23,640 | -45.0% |
| Trade receivables | 40 | €41,710 | €18,454 | -€23,256 | -55.8% |
| Other amounts receivable | 41 | €10,770 | €10,386 | -€384 | -3.6% |
| Cash at bank and in hand | 54/58 | €14,134 | €1,988 | -€12,146 | -85.9% |
| Deferred charges and accrued income | 490/1 | €3,600 | €566 | -€3,034 | -84.3% |
| Total equity and liabilities | 10/49 | €124,306 | €86,425 | -€37,881 | -30.5% |
| Equity | 10/15 | -€9,562 | -€31,416 | -€21,854 | -229% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,851 | €1,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,851 | €1,851 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,851 | €1,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,013 | -€51,868 | -€21,854 | -72.8% |
| Amounts payable | 17/49 | €133,868 | €117,841 | -€16,027 | -12.0% |
| Amounts payable after more than one year | 17 | €74,812 | €86,368 | +€11,556 | +15.4% |
| Financial debts | 170/4 | €9,812 | €3,368 | -€6,444 | -65.7% |
| Other amounts payable | 178/9 | €65,000 | €83,000 | +€18,000 | +27.7% |
| Amounts payable within one year | 42/48 | €59,056 | €29,546 | -€29,510 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €11,195 | €6,372 | -€4,823 | -43.1% |
| Trade debts | 44 | €32,873 | €13,905 | -€18,967 | -57.7% |
| Suppliers | 440/4 | €32,873 | €13,905 | -€18,967 | -57.7% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €12,263 | €3,123 | -€9,140 | -74.5% |
| Taxes | 450/3 | €12,263 | €3,123 | -€9,140 | -74.5% |
| Other amounts payable | 47/48 | €2,726 | €1,145 | -€1,580 | -58.0% |
| Accrued charges and deferred income | 492/3 | - | €1,928 | +€1,928 | |
| Non-recurring operating income | 76A | - | €17,685 | +€17,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,918 | €8,846 | -€5,071 | -36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €2,465 | €2,101 | -€364 | -14.7% |
| Gross operating margin | 9900 | €16,275 | -€2,242 | -€18,516 | |
| Operating profit (loss) | 9901 | -€108 | -€19,189 | -€19,081 | -17,688% |
| Financial charges | 65/66B | €3,884 | €2,665 | -€1,219 | -31.4% |
| Recurring financial charges | 65 | €3,884 | €2,665 | -€1,219 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,992 | -€21,854 | -€17,862 | -447% |
| Income taxes | 67/77 | €54 | - | -€54 | |
| Profit (loss) for the period | 9904 | -€4,046 | -€21,854 | -€17,809 | -440% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,046 | -€21,854 | -€17,809 | -440% |
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 31 October 2026 via checked.be.