CAMERAS ALLOWED: 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.
CAMERAS ALLOWED
Largest movements
- Tangible fixed assets -€35,740
down €35,740 (-10.5%), from €339,247 to €303,507
of which Furniture and vehicles: -€19,692
- Cash -€7,162
down €7,162 (-47.9%), from €14,956 to €7,794
mainly Net result for the year (-€50,858) and Investment in fixed assets (net) (-€36,768)
- Profit (loss) carried forward -€50,858
down €50,858 (-6828.8%), from -€745 to -€51,603
- Trade debts +€29,594
up €29,594 (+2203.8%), from €1,343 to €30,937
- Debts after one year -€26,166
down €26,166 (-20.2%), from €129,342 to €103,176
- Other debts +€20,675
up €20,675 (+29.3%), from €70,665 to €91,340
- Tax, wage and social debts -€9,784
down €9,784 (-61.9%), from €15,796 to €6,012
- Gross operating margin -€31,848
down €31,848 (-49.1%), from €64,815 to €32,967
- Financial charges -€6,505
down €6,505 (-40.2%), from €16,165 to €9,660
of which Financial charges: -€6,526
- Depreciation -€2,328
down €2,328 (-3.1%), from €74,836 to €72,508
- Other operating charges -€1,882
down €1,882 (-57.5%), from €3,274 to €1,392
- Taxes -€834
down €834 (-75.9%), from €1,099 to €265
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 | €381,835 | €341,579 | -€40,256 | -10.5% |
| Fixed assets | 21/28 | €340,632 | €304,892 | -€35,740 | -10.5% |
| Tangible fixed assets | 22/27 | €339,247 | €303,507 | -€35,740 | -10.5% |
| Land and buildings | 22 | €150,463 | €143,205 | -€7,258 | -4.8% |
| Plant, machinery and equipment | 23 | €115,930 | €107,139 | -€8,790 | -7.6% |
| Furniture and vehicles | 24 | €72,854 | €53,162 | -€19,692 | -27.0% |
| Financial fixed assets | 28 | €1,385 | €1,385 | = | 0.0% |
| Current assets | 29/58 | €41,202 | €36,687 | -€4,515 | -11.0% |
| Amounts receivable within one year | 40/41 | €26,101 | €28,893 | +€2,792 | +10.7% |
| Trade receivables | 40 | €7,206 | €12,179 | +€4,974 | +69.0% |
| Other amounts receivable | 41 | €18,895 | €16,713 | -€2,182 | -11.5% |
| Cash at bank and in hand | 54/58 | €14,956 | €7,794 | -€7,162 | -47.9% |
| Deferred charges and accrued income | 490/1 | €146 | - | -€146 | |
| Total equity and liabilities | 10/49 | €381,835 | €341,579 | -€40,256 | -10.5% |
| Equity | 10/15 | €133,688 | €82,830 | -€50,858 | -38.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €121,933 | €121,933 | = | 0.0% |
| Distributable reserves | 133 | €121,933 | €121,933 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€745 | -€51,603 | -€50,858 | -6828.8% |
| Amounts payable | 17/49 | €248,146 | €258,748 | +€10,602 | +4.3% |
| Amounts payable after more than one year | 17 | €129,342 | €103,176 | -€26,166 | -20.2% |
| Financial debts | 170/4 | €129,342 | €103,176 | -€26,166 | -20.2% |
| Amounts payable within one year | 42/48 | €118,804 | €155,572 | +€36,768 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €31,001 | €27,282 | -€3,718 | -12.0% |
| Trade debts | 44 | €1,343 | €30,937 | +€29,594 | +2203.8% |
| Suppliers | 440/4 | €1,343 | €30,937 | +€29,594 | +2203.8% |
| Taxes, remuneration and social security | 45 | €15,796 | €6,012 | -€9,784 | -61.9% |
| Taxes | 450/3 | €15,796 | €6,012 | -€9,784 | -61.9% |
| Other amounts payable | 47/48 | €70,665 | €91,340 | +€20,675 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,836 | €72,508 | -€2,328 | -3.1% |
| Other operating charges | 640/8 | €3,274 | €1,392 | -€1,882 | -57.5% |
| Gross operating margin | 9900 | €64,815 | €32,967 | -€31,848 | -49.1% |
| Operating profit (loss) | 9901 | -€13,295 | -€40,933 | -€27,638 | -207.9% |
| Financial charges | 65/66B | €16,165 | €9,660 | -€6,505 | -40.2% |
| Recurring financial charges | 65 | €16,142 | €9,616 | -€6,526 | -40.4% |
| Non-recurring financial charges | 66B | €22 | €43 | +€21 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,460 | -€50,593 | -€21,133 | -71.7% |
| Income taxes | 67/77 | €1,099 | €265 | -€834 | -75.9% |
| Profit (loss) for the period | 9904 | -€30,559 | -€50,858 | -€20,299 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,559 | -€50,858 | -€20,299 | -66.4% |
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 9 October 2026 via checked.be.