CAMERON: 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.
CAMERON
Largest movements
- Cash +€113,597
up €113,597 (+137%), from €82,756 to €196,353
mainly Current investments (+€75,000) and Net result for the year (+€47,712)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Receivables within one year +€4,296
up €4,296 (+12.6%), from €34,134 to €38,430
of which Trade receivables: +€11,803
- Reserves +€47,712
up €47,712 (+30.3%), from €157,626 to €205,337
- Other debts -€4,871
down €4,871 (-47.5%), from €10,264 to €5,393
- Gross operating margin +€19,657
up €19,657 (+41.9%), from €46,907 to €66,563
- Taxes +€4,700
up €4,700 (+29.8%), from €15,767 to €20,467
- Financial income +€1,057
up €1,057 (+30.6%), from €3,454 to €4,511
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 | €197,102 | €242,345 | +€45,243 | +23.0% |
| Fixed assets | 21/28 | €4,502 | €4,879 | +€376 | +8.4% |
| Tangible fixed assets | 22/27 | €4,502 | €4,879 | +€376 | +8.4% |
| Furniture and vehicles | 24 | €4,502 | €4,879 | +€376 | +8.4% |
| Current assets | 29/58 | €192,600 | €237,467 | +€44,867 | +23.3% |
| Amounts receivable within one year | 40/41 | €34,134 | €38,430 | +€4,296 | +12.6% |
| Trade receivables | 40 | €21,627 | €33,430 | +€11,803 | +54.6% |
| Other amounts receivable | 41 | €12,507 | €5,000 | -€7,507 | -60.0% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €82,756 | €196,353 | +€113,597 | +137% |
| Deferred charges and accrued income | 490/1 | €710 | €2,684 | +€1,973 | +278% |
| Total equity and liabilities | 10/49 | €197,102 | €242,345 | +€45,243 | +23.0% |
| Equity | 10/15 | €177,626 | €225,337 | +€47,712 | +26.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €157,626 | €205,337 | +€47,712 | +30.3% |
| Distributable reserves | 133 | €157,626 | €205,337 | +€47,712 | +30.3% |
| Amounts payable | 17/49 | €19,476 | €17,008 | -€2,468 | -12.7% |
| Amounts payable within one year | 42/48 | €19,320 | €17,008 | -€2,312 | -12.0% |
| Trade debts | 44 | €507 | €709 | +€202 | +39.8% |
| Suppliers | 440/4 | €507 | €709 | +€202 | +39.8% |
| Taxes, remuneration and social security | 45 | €8,549 | €10,905 | +€2,357 | +27.6% |
| Taxes | 450/3 | €8,549 | €10,905 | +€2,357 | +27.6% |
| Other amounts payable | 47/48 | €10,264 | €5,393 | -€4,871 | -47.5% |
| Accrued charges and deferred income | 492/3 | €156 | €0 | -€156 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,617 | €2,044 | +€427 | +26.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €828 | €100 | -€728 | -87.9% |
| Gross operating margin | 9900 | €46,907 | €66,563 | +€19,657 | +41.9% |
| Operating profit (loss) | 9901 | €43,948 | €63,892 | +€19,944 | +45.4% |
| Financial income | 75/76B | €3,454 | €4,511 | +€1,057 | +30.6% |
| Recurring financial income | 75 | €3,454 | €4,511 | +€1,057 | +30.6% |
| Financial charges | 65/66B | €178 | €224 | +€47 | +26.4% |
| Recurring financial charges | 65 | €178 | €224 | +€47 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €47,225 | €68,179 | +€20,954 | +44.4% |
| Income taxes | 67/77 | €15,767 | €20,467 | +€4,700 | +29.8% |
| Profit (loss) for the period | 9904 | €31,458 | €47,712 | +€16,253 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,458 | €47,712 | +€16,253 | +51.7% |
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 21 October 2026 via checked.be.