Camelot: 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.
Camelot
Largest movements
- Financial fixed assets +€10,000
up €10,000 (+20000.0%), from €50 to €10,050
- Receivables within one year +€6,018
up €6,018 (+31.9%), from €18,854 to €24,872
of which Trade receivables: +€7,010
- Tangible fixed assets -€5,006
down €5,006 (-29.5%), from €16,993 to €11,987
of which Furniture and vehicles: -€4,934
- Deferred charges and accrued income +€4,460
up €4,460 (+34.3%), from €13,000 to €17,460
- Debts after one year +€20,000
new in 2025: €20,000
- Short-term financial debts -€5,596
down €5,596 (-100.0%), from €5,596 to €0
- Advances received -€2,375
down €2,375 (-10.3%), from €23,125 to €20,750
- Trade debts +€2,149
up €2,149 (+43.5%), from €4,945 to €7,094
- Tax, wage and social debts +€1,188
up €1,188 (+407.2%), from €292 to €1,480
- Gross operating margin +€7,385
up €7,385, from -€752 to €6,633
- Depreciation -€1,220
down €1,220 (-19.6%), from €6,226 to €5,006
- Financial charges -€525
down €525 (-61.0%), from €860 to €335
- Other operating charges +€371
up €371 (+67.0%), from €553 to €924
- Taxes -€86
down €86 (-28.0%), from €307 to €221
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 | €48,897 | €64,410 | +€15,513 | +31.7% |
| Fixed assets | 21/28 | €17,043 | €22,037 | +€4,994 | +29.3% |
| Tangible fixed assets | 22/27 | €16,993 | €11,987 | -€5,006 | -29.5% |
| Plant, machinery and equipment | 23 | €35 | €0 | -€35 | -100.0% |
| Furniture and vehicles | 24 | €16,921 | €11,987 | -€4,934 | -29.2% |
| Other tangible fixed assets | 26 | €37 | €0 | -€37 | -100.0% |
| Financial fixed assets | 28 | €50 | €10,050 | +€10,000 | +20000.0% |
| Current assets | 29/58 | €31,854 | €42,373 | +€10,519 | +33.0% |
| Amounts receivable within one year | 40/41 | €18,854 | €24,872 | +€6,018 | +31.9% |
| Trade receivables | 40 | €3,200 | €10,209 | +€7,010 | +219.1% |
| Other amounts receivable | 41 | €15,654 | €14,663 | -€991 | -6.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €41 | +€41 | |
| Deferred charges and accrued income | 490/1 | €13,000 | €17,460 | +€4,460 | +34.3% |
| Total equity and liabilities | 10/49 | €48,897 | €64,410 | +€15,513 | +31.7% |
| Equity | 10/15 | €14,939 | €15,086 | +€147 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,661 | -€3,514 | +€147 | +4.0% |
| Amounts payable | 17/49 | €33,958 | €49,324 | +€15,366 | +45.2% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €33,958 | €29,324 | -€4,634 | -13.6% |
| Financial debts | 43 | €5,596 | €0 | -€5,596 | -100.0% |
| Credit institutions | 430/8 | €5,596 | €0 | -€5,596 | -100.0% |
| Trade debts | 44 | €4,945 | €7,094 | +€2,149 | +43.5% |
| Suppliers | 440/4 | €4,945 | €7,094 | +€2,149 | +43.5% |
| Advances received on contracts in progress | 46 | €23,125 | €20,750 | -€2,375 | -10.3% |
| Taxes, remuneration and social security | 45 | €292 | €1,480 | +€1,188 | +407.2% |
| Taxes | 450/3 | €292 | €1,480 | +€1,188 | +407.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,226 | €5,006 | -€1,220 | -19.6% |
| Other operating charges | 640/8 | €553 | €924 | +€371 | +67.0% |
| Gross operating margin | 9900 | -€752 | €6,633 | +€7,385 | |
| Operating profit (loss) | 9901 | -€7,531 | €704 | +€8,235 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €860 | €335 | -€525 | -61.0% |
| Recurring financial charges | 65 | €860 | €335 | -€525 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,391 | €369 | +€8,760 | |
| Income taxes | 67/77 | €307 | €221 | -€86 | -28.0% |
| Profit (loss) for the period | 9904 | -€8,698 | €147 | +€8,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,698 | €147 | +€8,846 |
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 8 October 2026 via checked.be.