CAMELIOR: 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.
CAMELIOR
Largest movements
- Receivables after one year -€32,500
no longer reported in 2025 (was €32,500)
- Receivables within one year +€24,307
up €24,307 (+92.6%), from €26,240 to €50,547
of which Trade receivables: +€22,603
- Tangible fixed assets +€1,894
new in 2025: €1,894
- Reserves -€47,065
no longer reported in 2025 (was €47,065)
- Other debts +€35,456
new in 2025: €35,456
- Tax, wage and social debts +€5,974
up €5,974 (+44.8%), from €13,325 to €19,299
of which Taxes: +€4,474
- Trade debts -€979
down €979 (-28.9%), from €3,392 to €2,414
- Gross operating margin +€15,675
up €15,675 (+118.8%), from €13,192 to €28,867
- Financial charges -€5,441
down €5,441 (-97.7%), from €5,572 to €130
- Taxes +€3,902
up €3,902 (+127.3%), from €3,066 to €6,968
- Financial income -€417
no longer reported in 2025 (was €417)
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 | €63,882 | €57,269 | -€6,614 | -10.4% |
| Fixed assets | 21/28 | - | €1,894 | +€1,894 | |
| Tangible fixed assets | 22/27 | - | €1,894 | +€1,894 | |
| Furniture and vehicles | 24 | - | €1,894 | +€1,894 | |
| Current assets | 29/58 | €63,882 | €55,374 | -€8,508 | -13.3% |
| Amounts receivable after more than one year | 29 | €32,500 | - | -€32,500 | |
| Other amounts receivable | 291 | €32,500 | - | -€32,500 | |
| Amounts receivable within one year | 40/41 | €26,240 | €50,547 | +€24,307 | +92.6% |
| Trade receivables | 40 | €18,901 | €41,504 | +€22,603 | +119.6% |
| Other amounts receivable | 41 | €7,339 | €9,044 | +€1,704 | +23.2% |
| Cash at bank and in hand | 54/58 | €5,142 | €4,827 | -€315 | -6.1% |
| Total equity and liabilities | 10/49 | €63,882 | €57,269 | -€6,614 | -10.4% |
| Equity | 10/15 | €47,165 | €100 | -€47,065 | -99.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €47,065 | - | -€47,065 | |
| Distributable reserves | 133 | €47,065 | - | -€47,065 | |
| Amounts payable | 17/49 | €16,717 | €57,169 | +€40,451 | +242.0% |
| Amounts payable within one year | 42/48 | €16,717 | €57,169 | +€40,451 | +242.0% |
| Trade debts | 44 | €3,392 | €2,414 | -€979 | -28.9% |
| Suppliers | 440/4 | €3,392 | €2,414 | -€979 | -28.9% |
| Taxes, remuneration and social security | 45 | €13,325 | €19,299 | +€5,974 | +44.8% |
| Taxes | 450/3 | €13,325 | €17,799 | +€4,474 | +33.6% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | - | €35,456 | +€35,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €306 | +€157 | +105.7% |
| Other operating charges | 640/8 | €572 | €573 | +€1 | +0.1% |
| Gross operating margin | 9900 | €13,192 | €28,867 | +€15,675 | +118.8% |
| Operating profit (loss) | 9901 | €12,471 | €27,989 | +€15,518 | +124.4% |
| Financial income | 75/76B | €417 | - | -€417 | |
| Recurring financial income | 75 | €417 | - | -€417 | |
| Financial charges | 65/66B | €5,572 | €130 | -€5,441 | -97.7% |
| Recurring financial charges | 65 | €5,572 | €130 | -€5,441 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €7,316 | €27,859 | +€20,542 | +280.8% |
| Income taxes | 67/77 | €3,066 | €6,968 | +€3,902 | +127.3% |
| Profit (loss) for the period | 9904 | €4,251 | €20,891 | +€16,640 | +391.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,251 | €20,891 | +€16,640 | +391.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.