CAMERA JO VERSTICHEL: 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.
CAMERA JO VERSTICHEL
Largest movements
- Tangible fixed assets -€24,885
down €24,885 (-33.1%), from €75,178 to €50,293
of which Furniture and vehicles: -€15,365
- Receivables within one year -€4,858
down €4,858 (-29.7%), from €16,379 to €11,521
of which Trade receivables: -€4,996
- Other debts -€26,775
down €26,775 (-67.4%), from €39,735 to €12,959
- Reserves -€5,765
down €5,765 (-4.3%), from €133,275 to €127,510
- Tax, wage and social debts +€2,117
up €2,117 (+118%), from €1,797 to €3,915
- Trade debts +€2,002
up €2,002 (+77.8%), from €2,575 to €4,577
- Gross operating margin -€21,625
down €21,625 (-49.0%), from €44,168 to €22,542
- Taxes -€6,764
down €6,764 (-100%), from €6,764 to €0
- Depreciation +€3,703
up €3,703 (+17.5%), from €21,182 to €24,885
- Financial charges -€2,617
down €2,617 (-72.1%), from €3,631 to €1,015
- Financial income -€746
down €746 (-61.6%), from €1,211 to €465
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 | €196,837 | €167,561 | -€29,276 | -14.9% |
| Fixed assets | 21/28 | €75,665 | €50,580 | -€25,085 | -33.2% |
| Tangible fixed assets | 22/27 | €75,178 | €50,293 | -€24,885 | -33.1% |
| Land and buildings | 22 | €6,100 | €0 | -€6,100 | -100% |
| Plant, machinery and equipment | 23 | €1,431 | €1,055 | -€376 | -26.3% |
| Furniture and vehicles | 24 | €58,799 | €43,435 | -€15,365 | -26.1% |
| Other tangible fixed assets | 26 | €8,847 | €5,803 | -€3,044 | -34.4% |
| Financial fixed assets | 28 | €487 | €287 | -€200 | -41.1% |
| Current assets | 29/58 | €121,172 | €116,981 | -€4,191 | -3.5% |
| Amounts receivable within one year | 40/41 | €16,379 | €11,521 | -€4,858 | -29.7% |
| Trade receivables | 40 | €16,379 | €11,383 | -€4,996 | -30.5% |
| Other amounts receivable | 41 | €0 | €138 | +€138 | |
| Current investments | 50/53 | €67,342 | €67,342 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,606 | €35,957 | +€352 | +1.0% |
| Deferred charges and accrued income | 490/1 | €1,845 | €2,160 | +€315 | +17.1% |
| Total equity and liabilities | 10/49 | €196,837 | €167,561 | -€29,276 | -14.9% |
| Equity | 10/15 | €152,730 | €146,110 | -€6,620 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,275 | €127,510 | -€5,765 | -4.3% |
| Distributable reserves | 133 | €133,275 | €127,510 | -€5,765 | -4.3% |
| Profit (loss) carried forward | 14 | €855 | €0 | -€855 | -100% |
| Amounts payable | 17/49 | €44,107 | €21,451 | -€22,656 | -51.4% |
| Amounts payable within one year | 42/48 | €44,107 | €21,451 | -€22,656 | -51.4% |
| Trade debts | 44 | €2,575 | €4,577 | +€2,002 | +77.8% |
| Suppliers | 440/4 | €2,575 | €4,577 | +€2,002 | +77.8% |
| Taxes, remuneration and social security | 45 | €1,797 | €3,915 | +€2,117 | +118% |
| Taxes | 450/3 | €1,797 | €3,915 | +€2,117 | +118% |
| Other amounts payable | 47/48 | €39,735 | €12,959 | -€26,775 | -67.4% |
| Non-recurring operating income | 76A | €12,000 | €0 | -€12,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,182 | €24,885 | +€3,703 | +17.5% |
| Other operating charges | 640/8 | €3,081 | €3,728 | +€647 | +21.0% |
| Gross operating margin | 9900 | €44,168 | €22,542 | -€21,625 | -49.0% |
| Operating profit (loss) | 9901 | €19,905 | -€6,070 | -€25,976 | |
| Financial income | 75/76B | €1,211 | €465 | -€746 | -61.6% |
| Recurring financial income | 75 | €1,211 | €465 | -€746 | -61.6% |
| Financial charges | 65/66B | €3,631 | €1,015 | -€2,617 | -72.1% |
| Recurring financial charges | 65 | €3,631 | €1,015 | -€2,617 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €17,485 | -€6,620 | -€24,105 | |
| Income taxes | 67/77 | €6,764 | €0 | -€6,764 | -100% |
| Profit (loss) for the period | 9904 | €10,721 | -€6,620 | -€17,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,721 | -€6,620 | -€17,341 |
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 29 October 2026 via checked.be.