CAMELELI CONSULT: 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.
CAMELELI CONSULT
Largest movements
- Financial fixed assets +€203,000
up €203,000 (+120%), from €168,775 to €371,775
- Tangible fixed assets -€28,766
down €28,766 (-3.1%), from €936,257 to €907,491
- Receivables within one year +€15,922
up €15,922 (+66.8%), from €23,846 to €39,769
of which Other amounts receivable: +€19,225
- Debts after one year +€152,656
up €152,656 (+14.3%), from €1.1m to €1.2m
- Current portion of long-term debt +€33,009
up €33,009 (+147%), from €22,411 to €55,420
- Financial charges +€36,018
up €36,018 (+281%), from €12,835 to €48,854
- Gross operating margin +€35,759
up €35,759 (+195%), from €18,341 to €54,101
- Financial income +€21,800
new in 2025: €21,800
- Depreciation +€15,747
up €15,747 (+121%), from €13,020 to €28,766
- Other operating charges +€3,964
new in 2025: €3,964
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 | €1,145,248 | €1,334,196 | +€188,948 | +16.5% |
| Fixed assets | 21/28 | €1,105,032 | €1,279,266 | +€174,234 | +15.8% |
| Tangible fixed assets | 22/27 | €936,257 | €907,491 | -€28,766 | -3.1% |
| Land and buildings | 22 | €936,257 | €907,491 | -€28,766 | -3.1% |
| Financial fixed assets | 28 | €168,775 | €371,775 | +€203,000 | +120% |
| Current assets | 29/58 | €40,216 | €54,930 | +€14,714 | +36.6% |
| Amounts receivable within one year | 40/41 | €23,846 | €39,769 | +€15,922 | +66.8% |
| Trade receivables | 40 | €20,471 | €17,169 | -€3,302 | -16.1% |
| Other amounts receivable | 41 | €3,375 | €22,600 | +€19,225 | +570% |
| Cash at bank and in hand | 54/58 | €7,407 | €10,857 | +€3,450 | +46.6% |
| Deferred charges and accrued income | 490/1 | €8,963 | €4,304 | -€4,659 | -52.0% |
| Total equity and liabilities | 10/49 | €1,145,248 | €1,334,196 | +€188,948 | +16.5% |
| Equity | 10/15 | €2,487 | -€3,197 | -€5,684 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Share premium | 1100/10 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,513 | -€13,197 | -€5,684 | -75.6% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Amounts payable | 17/49 | €1,142,761 | €1,337,393 | +€194,631 | +17.0% |
| Amounts payable after more than one year | 17 | €1,068,589 | €1,221,244 | +€152,656 | +14.3% |
| Financial debts | 170/4 | €1,068,589 | €1,221,244 | +€152,656 | +14.3% |
| Amounts payable within one year | 42/48 | €74,173 | €116,148 | +€41,976 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €22,411 | €55,420 | +€33,009 | +147% |
| Trade debts | 44 | €8,815 | €8,804 | -€11 | -0.1% |
| Suppliers | 440/4 | €8,815 | €8,804 | -€11 | -0.1% |
| Taxes, remuneration and social security | 45 | €6,236 | €11,388 | +€5,152 | +82.6% |
| Taxes | 450/3 | €6,236 | €11,388 | +€5,152 | +82.6% |
| Other amounts payable | 47/48 | €36,710 | €40,537 | +€3,827 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,020 | €28,766 | +€15,747 | +121% |
| Other operating charges | 640/8 | - | €3,964 | +€3,964 | |
| Gross operating margin | 9900 | €18,341 | €54,101 | +€35,759 | +195% |
| Operating profit (loss) | 9901 | €5,322 | €21,370 | +€16,048 | +302% |
| Financial income | 75/76B | - | €21,800 | +€21,800 | |
| Recurring financial income | 75 | - | €21,800 | +€21,800 | |
| Financial charges | 65/66B | €12,835 | €48,854 | +€36,018 | +281% |
| Recurring financial charges | 65 | €12,835 | €48,854 | +€36,018 | +281% |
| Profit (loss) for the period before taxes | 9903 | -€7,513 | -€5,684 | +€1,830 | +24.4% |
| Profit (loss) for the period | 9904 | -€7,513 | -€5,684 | +€1,830 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,513 | -€5,684 | +€1,830 | +24.4% |
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 16 October 2026 via checked.be.