CAMELEON STUDIO: 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 STUDIO
Largest movements
- Cash -€13,174
down €13,174 (-85.3%), from €15,443 to €2,269
mainly Net result for the year (-€31,030) and Investment in fixed assets (net) (-€10,231)
- Receivables within one year -€7,316
down €7,316 (-21.2%), from €34,481 to €27,164
of which Trade receivables: -€7,512
- Tangible fixed assets -€5,260
down €5,260 (-12.0%), from €43,848 to €38,588
of which Furniture and vehicles: -€4,695
- Deferred charges and accrued income +€4,201
up €4,201 (+1,081%), from €388 to €4,589
- Financial fixed assets +€3,375
up €3,375, from €0 to €3,375
- Profit (loss) carried forward -€31,030
down €31,030 (-77.9%), from €39,833 to €8,803
- Current portion of long-term debt +€9,843
up €9,843 (+113%), from €8,682 to €18,525
- Debts after one year +€7,249
up €7,249 (+30.7%), from €23,576 to €30,825
- Tax, wage and social debts -€4,238
down €4,238 (-21.2%), from €20,034 to €15,795
of which Taxes: -€7,242
- Accrued charges and deferred income -€2,053
no longer reported in 2025 (was €2,053)
- Gross operating margin -€71,672
down €71,672 (-87.1%), from €82,265 to €10,593
- Staff costs -€16,094
down €16,094 (-43.9%), from €36,684 to €20,590
- Taxes -€9,301
down €9,301 (-100.0%), from €9,302 to €1
- Depreciation +€4,014
up €4,014 (+41.1%), from €9,768 to €13,782
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 | €98,178 | €78,337 | -€19,841 | -20.2% |
| Fixed assets | 21/28 | €47,866 | €44,315 | -€3,551 | -7.4% |
| Intangible fixed assets | 21 | €4,018 | €2,352 | -€1,667 | -41.5% |
| Tangible fixed assets | 22/27 | €43,848 | €38,588 | -€5,260 | -12.0% |
| Plant, machinery and equipment | 23 | €5,615 | €4,265 | -€1,351 | -24.1% |
| Furniture and vehicles | 24 | €38,232 | €33,537 | -€4,695 | -12.3% |
| Other tangible fixed assets | 26 | - | €786 | +€786 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €3,375 | +€3,375 | |
| Current assets | 29/58 | €50,312 | €34,022 | -€16,290 | -32.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,481 | €27,164 | -€7,316 | -21.2% |
| Trade receivables | 40 | €34,481 | €26,969 | -€7,512 | -21.8% |
| Other amounts receivable | 41 | €0 | €195 | +€195 | |
| Cash at bank and in hand | 54/58 | €15,443 | €2,269 | -€13,174 | -85.3% |
| Deferred charges and accrued income | 490/1 | €388 | €4,589 | +€4,201 | +1,081% |
| Total equity and liabilities | 10/49 | €98,178 | €78,337 | -€19,841 | -20.2% |
| Equity | 10/15 | €43,833 | €12,803 | -€31,030 | -70.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,833 | €8,803 | -€31,030 | -77.9% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €54,345 | €65,534 | +€11,189 | +20.6% |
| Amounts payable after more than one year | 17 | €23,576 | €30,825 | +€7,249 | +30.7% |
| Financial debts | 170/4 | €23,576 | €30,825 | +€7,249 | +30.7% |
| Amounts payable within one year | 42/48 | €28,716 | €34,709 | +€5,993 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €8,682 | €18,525 | +€9,843 | +113% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €388 | +€388 | |
| Suppliers | 440/4 | €0 | €388 | +€388 | |
| Taxes, remuneration and social security | 45 | €20,034 | €15,795 | -€4,238 | -21.2% |
| Taxes | 450/3 | €15,463 | €8,221 | -€7,242 | -46.8% |
| Remuneration and social security | 454/9 | €4,571 | €7,575 | +€3,004 | +65.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,053 | - | -€2,053 | |
| Remuneration, social security and pensions | 62 | €36,684 | €20,590 | -€16,094 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,768 | €13,782 | +€4,014 | +41.1% |
| Other operating charges | 640/8 | €413 | €825 | +€412 | +99.9% |
| Non-recurring operating charges | 66A | - | €5,314 | +€5,314 | |
| Gross operating margin | 9900 | €82,265 | €10,593 | -€71,672 | -87.1% |
| Operating profit (loss) | 9901 | €35,401 | -€29,917 | -€65,318 | |
| Financial income | 75/76B | €9 | €52 | +€43 | +468% |
| Recurring financial income | 75 | €9 | €52 | +€43 | +468% |
| Financial charges | 65/66B | €1,080 | €1,163 | +€83 | +7.7% |
| Recurring financial charges | 65 | €1,080 | €1,163 | +€83 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €34,330 | -€31,028 | -€65,358 | |
| Income taxes | 67/77 | €9,302 | €1 | -€9,301 | -100.0% |
| Profit (loss) for the period | 9904 | €25,028 | -€31,030 | -€56,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,028 | -€31,030 | -€56,057 |
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 14 October 2026 via checked.be.