CAMERA OBSCURA: 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 OBSCURA
Largest movements
- Tangible fixed assets -€34,684
down €34,684 (-81.4%), from €42,631 to €7,947
of which Land and buildings: -€33,240
- Receivables within one year +€27,044
up €27,044 (+80.4%), from €33,625 to €60,669
of which Trade receivables: +€27,044
- Cash +€14,677
up €14,677 (+419%), from €3,507 to €18,184
mainly Other debts (+€31,533) and Depreciation (+€19,879)
- Other debts +€31,533
up €31,533 (+90.1%), from €35,001 to €66,534
- Debts after one year -€22,928
down €22,928 (-85.4%), from €26,861 to €3,933
- Tax, wage and social debts -€8,571
down €8,571 (-53.2%), from €16,105 to €7,534
of which Taxes: -€8,571
- Trade debts +€3,651
up €3,651 (+114%), from €3,212 to €6,863
- Gross operating margin +€68,858
up €68,858 (+345%), from €19,942 to €88,800
- Depreciation -€2,597
down €2,597 (-11.6%), from €22,476 to €19,879
- Financial charges +€897
up €897 (+1.9%), from €47,128 to €48,026
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,905 | €212,108 | +€7,203 | +3.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €167,239 | €132,555 | -€34,684 | -20.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €42,631 | €7,947 | -€34,684 | -81.4% |
| Land and buildings | 22 | €36,702 | €3,462 | -€33,240 | -90.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,329 | €4,185 | -€1,144 | -21.5% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €600 | €300 | -€300 | -50.0% |
| Financial fixed assets | 28 | €124,608 | €124,608 | = | 0.0% |
| Current assets | 29/58 | €37,667 | €79,553 | +€41,886 | +111% |
| Amounts receivable within one year | 40/41 | €33,625 | €60,669 | +€27,044 | +80.4% |
| Trade receivables | 40 | €33,625 | €60,669 | +€27,044 | +80.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,507 | €18,184 | +€14,677 | +419% |
| Deferred charges and accrued income | 490/1 | €535 | €700 | +€166 | +31.0% |
| Total equity and liabilities | 10/49 | €204,905 | €212,108 | +€7,203 | +3.5% |
| Equity | 10/15 | €101,920 | €102,925 | +€1,006 | +1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,031 | €42,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,031 | €20,031 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,888 | €40,894 | +€1,006 | +2.5% |
| Amounts payable | 17/49 | €102,986 | €109,183 | +€6,197 | +6.0% |
| Amounts payable after more than one year | 17 | €26,861 | €3,933 | -€22,928 | -85.4% |
| Financial debts | 170/4 | €26,861 | €3,933 | -€22,928 | -85.4% |
| Amounts payable within one year | 42/48 | €76,125 | €105,250 | +€29,125 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €21,808 | €23,311 | +€1,504 | +6.9% |
| Financial debts | 43 | - | €1,008 | +€1,008 | |
| Credit institutions | 430/8 | - | €1,008 | +€1,008 | |
| Trade debts | 44 | €3,212 | €6,863 | +€3,651 | +114% |
| Suppliers | 440/4 | €3,212 | €6,863 | +€3,651 | +114% |
| Taxes, remuneration and social security | 45 | €16,105 | €7,534 | -€8,571 | -53.2% |
| Taxes | 450/3 | €16,105 | €7,534 | -€8,571 | -53.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €35,001 | €66,534 | +€31,533 | +90.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,476 | €19,879 | -€2,597 | -11.6% |
| Other operating charges | 640/8 | €1,780 | €1,367 | -€412 | -23.2% |
| Non-recurring operating charges | 66A | - | €18,301 | +€18,301 | |
| Gross operating margin | 9900 | €19,942 | €88,800 | +€68,858 | +345% |
| Operating profit (loss) | 9901 | -€4,314 | €49,252 | +€53,566 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +123% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +123% |
| Financial charges | 65/66B | €47,128 | €48,026 | +€897 | +1.9% |
| Recurring financial charges | 65 | €47,128 | €48,026 | +€897 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€51,442 | €1,227 | +€52,669 | |
| Income taxes | 67/77 | €232 | €221 | -€11 | -4.7% |
| Profit (loss) for the period | 9904 | -€51,674 | €1,006 | +€52,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,674 | €1,006 | +€52,680 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.