CAMESO: 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.
CAMESO
Largest movements
- Cash -€32,457
down €32,457 (-82.2%), from €39,488 to €7,031
mainly Other debts (-€90,820) and Accrued charges and deferred income (-€788)
- Receivables within one year -€18,428
down €18,428 (-90.2%), from €20,428 to €2,000
of which Trade receivables: -€20,218
- Tangible fixed assets -€12,500
down €12,500 (-4.5%), from €279,966 to €267,466
- Deferred charges and accrued income -€7,173
no longer reported in 2025 (was €7,173)
- Other debts -€90,820
down €90,820 (-27.7%), from €327,668 to €236,848
- Profit (loss) carried forward +€20,594
up €20,594 (+371%), from €5,556 to €26,149
- Gross operating margin -€22,568
down €22,568 (-34.4%), from €65,693 to €43,125
- Taxes +€5,092
up €5,092 (+275%), from €1,852 to €6,944
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 | €347,055 | €276,497 | -€70,558 | -20.3% |
| Fixed assets | 21/28 | €279,966 | €267,466 | -€12,500 | -4.5% |
| Tangible fixed assets | 22/27 | €279,966 | €267,466 | -€12,500 | -4.5% |
| Land and buildings | 22 | €279,966 | €267,466 | -€12,500 | -4.5% |
| Current assets | 29/58 | €67,089 | €9,031 | -€58,058 | -86.5% |
| Amounts receivable within one year | 40/41 | €20,428 | €2,000 | -€18,428 | -90.2% |
| Trade receivables | 40 | €20,218 | - | -€20,218 | |
| Other amounts receivable | 41 | €210 | €2,000 | +€1,790 | +853% |
| Cash at bank and in hand | 54/58 | €39,488 | €7,031 | -€32,457 | -82.2% |
| Deferred charges and accrued income | 490/1 | €7,173 | - | -€7,173 | |
| Total equity and liabilities | 10/49 | €347,055 | €276,497 | -€70,558 | -20.3% |
| Equity | 10/15 | €10,556 | €31,149 | +€20,594 | +195% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,556 | €26,149 | +€20,594 | +371% |
| Amounts payable | 17/49 | €336,499 | €245,348 | -€91,151 | -27.1% |
| Amounts payable after more than one year | 17 | €6,113 | €6,113 | = | 0.0% |
| Other amounts payable | 178/9 | €6,113 | €6,113 | = | 0.0% |
| Amounts payable within one year | 42/48 | €329,598 | €239,235 | -€90,363 | -27.4% |
| Trade debts | 44 | €78 | €535 | +€457 | +585% |
| Suppliers | 440/4 | €78 | €535 | +€457 | +585% |
| Taxes, remuneration and social security | 45 | €1,852 | €1,852 | = | 0.0% |
| Taxes | 450/3 | €1,852 | €1,852 | = | 0.0% |
| Other amounts payable | 47/48 | €327,668 | €236,848 | -€90,820 | -27.7% |
| Accrued charges and deferred income | 492/3 | €788 | - | -€788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,500 | €12,500 | = | 0.0% |
| Other operating charges | 640/8 | €3,601 | €3,007 | -€595 | -16.5% |
| Gross operating margin | 9900 | €65,693 | €43,125 | -€22,568 | -34.4% |
| Operating profit (loss) | 9901 | €49,592 | €27,618 | -€21,973 | -44.3% |
| Financial charges | 65/66B | €78 | €81 | +€3 | +3.5% |
| Recurring financial charges | 65 | €78 | €81 | +€3 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €49,513 | €27,538 | -€21,976 | -44.4% |
| Income taxes | 67/77 | €1,852 | €6,944 | +€5,092 | +275% |
| Profit (loss) for the period | 9904 | €47,662 | €20,594 | -€27,068 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,662 | €20,594 | -€27,068 | -56.8% |
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 13 October 2026 via checked.be.