CAMELEON: 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.
CAMELEON
Largest movements
- Tangible fixed assets +€71,792
up €71,792 (+36.8%), from €195,102 to €266,894
of which Other tangible fixed assets: +€76,684
- Cash -€29,591
down €29,591 (-15.2%), from €194,748 to €165,157
mainly Investment in fixed assets (net) (-€81,737) and Advances received (-€6,000)
- Stocks and contracts -€26,396
no longer reported in 2024 (was €26,396)
- Reserves +€21,109
up €21,109 (+11.8%), from €179,569 to €200,678
- Advances received -€6,000
no longer reported in 2024 (was €6,000)
- Trade debts +€4,922
up €4,922 (+44.8%), from €10,981 to €15,903
- Gross operating margin +€19,165
up €19,165 (+76.7%), from €25,000 to €44,165
- Taxes +€5,667
up €5,667 (+134%), from €4,230 to €9,898
- Financial charges +€710
up €710 (+760%), from €93 to €804
- Other operating charges -€654
down €654 (-31.1%), from €2,102 to €1,448
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,730 | €435,857 | +€16,127 | +3.8% |
| Fixed assets | 21/28 | €195,577 | €266,894 | +€71,317 | +36.5% |
| Tangible fixed assets | 22/27 | €195,102 | €266,894 | +€71,792 | +36.8% |
| Plant, machinery and equipment | 23 | €256 | €20 | -€236 | -92.3% |
| Furniture and vehicles | 24 | €19,955 | €15,300 | -€4,655 | -23.3% |
| Other tangible fixed assets | 26 | €174,891 | €251,574 | +€76,684 | +43.8% |
| Financial fixed assets | 28 | €475 | - | -€475 | |
| Current assets | 29/58 | €224,154 | €168,963 | -€55,190 | -24.6% |
| Stocks and contracts in progress | 3 | €26,396 | - | -€26,396 | |
| Contracts in progress | 37 | €26,396 | - | -€26,396 | |
| Amounts receivable within one year | 40/41 | €1,670 | €2,532 | +€863 | +51.7% |
| Trade receivables | 40 | - | €2,532 | +€2,532 | |
| Other amounts receivable | 41 | €1,670 | - | -€1,670 | |
| Cash at bank and in hand | 54/58 | €194,748 | €165,157 | -€29,591 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,340 | €1,274 | -€66 | -4.9% |
| Total equity and liabilities | 10/49 | €419,730 | €435,857 | +€16,127 | +3.8% |
| Equity | 10/15 | €191,969 | €213,078 | +€21,109 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,569 | €200,678 | +€21,109 | +11.8% |
| Distributable reserves | 133 | €179,569 | €200,678 | +€21,109 | +11.8% |
| Amounts payable | 17/49 | €227,761 | €222,779 | -€4,982 | -2.2% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,837 | €72,779 | -€4,058 | -5.3% |
| Trade debts | 44 | €10,981 | €15,903 | +€4,922 | +44.8% |
| Suppliers | 440/4 | €10,981 | €15,903 | +€4,922 | +44.8% |
| Advances received on contracts in progress | 46 | €6,000 | - | -€6,000 | |
| Taxes, remuneration and social security | 45 | €24,110 | €20,593 | -€3,517 | -14.6% |
| Taxes | 450/3 | €22,750 | €13,509 | -€9,240 | -40.6% |
| Remuneration and social security | 454/9 | €1,360 | €7,083 | +€5,723 | +421% |
| Other amounts payable | 47/48 | €35,746 | €36,284 | +€538 | +1.5% |
| Accrued charges and deferred income | 492/3 | €924 | - | -€924 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,654 | €10,420 | -€234 | -2.2% |
| Other operating charges | 640/8 | €2,102 | €1,448 | -€654 | -31.1% |
| Gross operating margin | 9900 | €25,000 | €44,165 | +€19,165 | +76.7% |
| Operating profit (loss) | 9901 | €12,244 | €32,297 | +€20,053 | +164% |
| Financial income | 75/76B | €629 | €372 | -€257 | -40.8% |
| Recurring financial income | 75 | €629 | €372 | -€257 | -40.8% |
| Financial charges | 65/66B | €93 | €804 | +€710 | +760% |
| Recurring financial charges | 65 | €93 | €804 | +€710 | +760% |
| Profit (loss) for the period before taxes | 9903 | €12,780 | €31,865 | +€19,086 | +149% |
| Income taxes | 67/77 | €4,230 | €9,898 | +€5,667 | +134% |
| Profit (loss) for the period | 9904 | €8,550 | €21,968 | +€13,418 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €8,550 | €21,968 | +€13,418 | +157% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.