CAMELEON: 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.
CAMELEON
Largest movements
- Receivables within one year +€22,864
up €22,864 (+204687.9%), from €11 to €22,875
of which Trade receivables: +€22,864
- Cash -€13,233
down €13,233 (-58.6%), from €22,577 to €9,344
mainly Receivables within one year (-€22,864) and Other debts (-€12,844)
- Tangible fixed assets -€9,663
down €9,663 (-3.1%), from €309,882 to €300,219
of which Land and buildings: -€10,829
- Other debts -€12,844
down €12,844 (-1.6%), from €803,213 to €790,369
- Profit (loss) carried forward +€11,048
up €11,048 (+3.7%), from -€300,552 to -€289,504
- Gross operating margin -€83,857
down €83,857 (-73.1%), from €114,742 to €30,885
- Depreciation -€8,255
down €8,255 (-31.3%), from €26,383 to €18,128
- Financial income -€5,973
down €5,973 (-85.9%), from €6,956 to €983
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 | €526,522 | €526,214 | -€309 | -0.1% |
| Fixed assets | 21/28 | €435,382 | €425,719 | -€9,663 | -2.2% |
| Tangible fixed assets | 22/27 | €309,882 | €300,219 | -€9,663 | -3.1% |
| Land and buildings | 22 | €280,098 | €269,268 | -€10,829 | -3.9% |
| Plant, machinery and equipment | 23 | €26,774 | €27,518 | +€744 | +2.8% |
| Furniture and vehicles | 24 | €3,010 | €3,432 | +€422 | +14.0% |
| Financial fixed assets | 28 | €125,500 | €125,500 | = | 0.0% |
| Current assets | 29/58 | €91,140 | €100,495 | +€9,354 | +10.3% |
| Amounts receivable after more than one year | 29 | €65,500 | €65,500 | = | 0.0% |
| Other amounts receivable | 291 | €65,500 | €65,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11 | €22,875 | +€22,864 | +204687.9% |
| Trade receivables | 40 | €0 | €22,864 | +€22,864 | |
| Other amounts receivable | 41 | €11 | €11 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,577 | €9,344 | -€13,233 | -58.6% |
| Deferred charges and accrued income | 490/1 | €3,052 | €2,775 | -€277 | -9.1% |
| Total equity and liabilities | 10/49 | €526,522 | €526,214 | -€309 | -0.1% |
| Equity | 10/15 | -€281,513 | -€270,465 | +€11,048 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €447 | €447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €447 | €447 | = | 0.0% |
| Reserves not available under the articles | 1311 | €447 | €447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,552 | -€289,504 | +€11,048 | +3.7% |
| Amounts payable | 17/49 | €808,035 | €796,679 | -€11,356 | -1.4% |
| Amounts payable within one year | 42/48 | €808,035 | €796,679 | -€11,356 | -1.4% |
| Trade debts | 44 | €2,036 | €1,121 | -€914 | -44.9% |
| Suppliers | 440/4 | €2,036 | €1,121 | -€914 | -44.9% |
| Taxes, remuneration and social security | 45 | €2,786 | €5,188 | +€2,402 | +86.2% |
| Taxes | 450/3 | €2,786 | €3,888 | +€1,102 | +39.6% |
| Remuneration and social security | 454/9 | €0 | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €803,213 | €790,369 | -€12,844 | -1.6% |
| Non-recurring operating income | 76A | - | €621 | +€621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,383 | €18,128 | -€8,255 | -31.3% |
| Other operating charges | 640/8 | €2,728 | €2,236 | -€493 | -18.1% |
| Non-recurring operating charges | 66A | €61,483 | €0 | -€61,483 | -100.0% |
| Gross operating margin | 9900 | €114,742 | €30,885 | -€83,857 | -73.1% |
| Operating profit (loss) | 9901 | €24,148 | €10,521 | -€13,627 | -56.4% |
| Financial income | 75/76B | €6,956 | €983 | -€5,973 | -85.9% |
| Recurring financial income | 75 | €6,956 | €983 | -€5,973 | -85.9% |
| Financial charges | 65/66B | €2 | €84 | +€82 | +3458.2% |
| Recurring financial charges | 65 | €2 | €84 | +€82 | +3458.2% |
| Profit (loss) for the period before taxes | 9903 | €31,101 | €11,419 | -€19,682 | -63.3% |
| Income taxes | 67/77 | €672 | €372 | -€300 | -44.7% |
| Profit (loss) for the period | 9904 | €30,429 | €11,048 | -€19,382 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,429 | €11,048 | -€19,382 | -63.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.