CAMELOU: 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.
CAMELOU
Largest movements
- Financial fixed assets -€84,860
down €84,860 (-7.1%), from €1.2m to €1.1m
- Tangible fixed assets -€47,690
down €47,690 (-5.9%), from €813,419 to €765,729
of which Land and buildings: -€48,582
- Other debts -€96,544
down €96,544 (-93.3%), from €103,478 to €6,934
- Debts after one year -€38,610
down €38,610 (-1.9%), from €2.0m to €2.0m
of which Other amounts payable: -€397,640
- Other operating charges -€86,567
down €86,567 (-94.2%), from €91,859 to €5,292
- Financial charges -€9,733
down €9,733 (-21.2%), from €46,017 to €36,284
of which Non-recurring financial charges: -€5,000
- Gross operating margin -€9,263
down €9,263 (-11.4%), from €81,422 to €72,159
- Depreciation +€8,605
up €8,605 (+21.1%), from €40,811 to €49,416
- Write-downs +€5,000
up €5,000 (+66.7%), from -€7,500 to -€2,500
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 | €2,049,667 | €1,898,884 | -€150,783 | -7.4% |
| Fixed assets | 21/28 | €2,008,279 | €1,875,729 | -€132,550 | -6.6% |
| Tangible fixed assets | 22/27 | €813,419 | €765,729 | -€47,690 | -5.9% |
| Land and buildings | 22 | €812,451 | €763,870 | -€48,582 | -6.0% |
| Furniture and vehicles | 24 | €968 | €1,860 | +€891 | +92.0% |
| Financial fixed assets | 28 | €1,194,860 | €1,110,000 | -€84,860 | -7.1% |
| Current assets | 29/58 | €41,387 | €23,155 | -€18,233 | -44.1% |
| Amounts receivable within one year | 40/41 | €34,732 | €15,998 | -€18,734 | -53.9% |
| Trade receivables | 40 | €30,685 | €13,751 | -€16,934 | -55.2% |
| Other amounts receivable | 41 | €4,047 | €2,247 | -€1,800 | -44.5% |
| Cash at bank and in hand | 54/58 | €192 | €1,350 | +€1,159 | +604.8% |
| Deferred charges and accrued income | 490/1 | €6,464 | €5,807 | -€657 | -10.2% |
| Total equity and liabilities | 10/49 | €2,049,667 | €1,898,884 | -€150,783 | -7.4% |
| Equity | 10/15 | -€187,705 | -€204,038 | -€16,333 | -8.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,705 | -€237,038 | -€16,333 | -7.4% |
| Amounts payable | 17/49 | €2,237,372 | €2,102,921 | -€134,450 | -6.0% |
| Amounts payable after more than one year | 17 | €2,037,786 | €1,999,176 | -€38,610 | -1.9% |
| Financial debts | 170/4 | - | €359,031 | +€359,031 | |
| Other amounts payable | 178/9 | €2,037,786 | €1,640,145 | -€397,640 | -19.5% |
| Amounts payable within one year | 42/48 | €198,618 | €103,745 | -€94,873 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €52,422 | €53,345 | +€923 | +1.8% |
| Trade debts | 44 | €20,261 | €18,035 | -€2,225 | -11.0% |
| Suppliers | 440/4 | €20,261 | €18,035 | -€2,225 | -11.0% |
| Taxes, remuneration and social security | 45 | €22,458 | €25,431 | +€2,973 | +13.2% |
| Taxes | 450/3 | €20,650 | €19,783 | -€867 | -4.2% |
| Remuneration and social security | 454/9 | €1,808 | €5,648 | +€3,840 | +212.4% |
| Other amounts payable | 47/48 | €103,478 | €6,934 | -€96,544 | -93.3% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,811 | €49,416 | +€8,605 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,500 | -€2,500 | +€5,000 | +66.7% |
| Other operating charges | 640/8 | €91,859 | €5,292 | -€86,567 | -94.2% |
| Gross operating margin | 9900 | €81,422 | €72,159 | -€9,263 | -11.4% |
| Operating profit (loss) | 9901 | -€43,748 | €19,951 | +€63,699 | |
| Financial income | 75/76B | €347 | €0 | -€347 | -100.0% |
| Recurring financial income | 75 | €347 | €0 | -€347 | -100.0% |
| Financial charges | 65/66B | €46,017 | €36,284 | -€9,733 | -21.2% |
| Recurring financial charges | 65 | €41,017 | €36,284 | -€4,733 | -11.5% |
| Non-recurring financial charges | 66B | €5,000 | €0 | -€5,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€89,418 | -€16,333 | +€73,085 | +81.7% |
| Profit (loss) for the period | 9904 | -€89,418 | -€16,333 | +€73,085 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,418 | -€16,333 | +€73,085 | +81.7% |
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 11 October 2026 via checked.be.