CAMFISC: 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.
CAMFISC
Largest movements
- Receivables after one year -€439,600
no longer reported in 2025 (was €439,600)
- Receivables within one year +€434,583
up €434,583 (+156%), from €278,254 to €712,837
of which Trade receivables: +€326,118
- Tangible fixed assets -€176,763
down €176,763 (-33.4%), from €528,987 to €352,224
of which Land and buildings: -€185,442
- Cash -€171,692
down €171,692 (-63.9%), from €268,892 to €97,199
mainly Contributions, distributions and other (-€746,837) and Receivables within one year (-€434,583)
- Intangible fixed assets +€146,099
up €146,099 (+285%), from €51,202 to €197,300
- Profit (loss) carried forward -€648,592
down €648,592 (-82.3%), from €788,181 to €139,588
- Trade debts +€640,856
up €640,856 (+309%), from €207,193 to €848,049
- Debts after one year -€80,411
down €80,411 (-30.8%), from €261,078 to €180,667
- Current portion of long-term debt -€46,327
down €46,327 (-27.0%), from €171,327 to €125,000
- Reserves -€45,695
down €45,695 (-60.3%), from €75,841 to €30,146
- Gross operating margin -€114,375
down €114,375 (-16.4%), from €696,149 to €581,774
- Depreciation +€95,799
up €95,799 (+131%), from €72,926 to €168,725
- Staff costs +€42,402
up €42,402 (+20.5%), from €206,789 to €249,191
- Financial charges +€13,191
up €13,191 (+62.6%), from €21,068 to €34,259
of which Financial charges: +€13,491
- Other operating charges +€7,723
up €7,723 (+281%), from €2,747 to €10,471
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 | €1,569,930 | €1,361,161 | -€208,769 | -13.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €580,189 | €549,525 | -€30,664 | -5.3% |
| Intangible fixed assets | 21 | €51,202 | €197,300 | +€146,099 | +285% |
| Tangible fixed assets | 22/27 | €528,987 | €352,224 | -€176,763 | -33.4% |
| Land and buildings | 22 | €506,913 | €321,470 | -€185,442 | -36.6% |
| Plant, machinery and equipment | 23 | €20,949 | €24,795 | +€3,846 | +18.4% |
| Furniture and vehicles | 24 | €1,126 | €5,959 | +€4,833 | +429% |
| Current assets | 29/58 | €989,740 | €811,636 | -€178,104 | -18.0% |
| Amounts receivable after more than one year | 29 | €439,600 | - | -€439,600 | |
| Other amounts receivable | 291 | €439,600 | - | -€439,600 | |
| Amounts receivable within one year | 40/41 | €278,254 | €712,837 | +€434,583 | +156% |
| Trade receivables | 40 | €278,254 | €604,372 | +€326,118 | +117% |
| Other amounts receivable | 41 | €0 | €108,465 | +€108,465 | |
| Cash at bank and in hand | 54/58 | €268,892 | €97,199 | -€171,692 | -63.9% |
| Deferred charges and accrued income | 490/1 | €2,995 | €1,600 | -€1,395 | -46.6% |
| Total equity and liabilities | 10/49 | €1,569,930 | €1,361,161 | -€208,769 | -13.3% |
| Equity | 10/15 | €884,022 | €177,684 | -€706,338 | -79.9% |
| Contributions | 10/11 | €20,000 | €7,950 | -€12,050 | -60.3% |
| Reserves | 13 | €75,841 | €30,146 | -€45,695 | -60.3% |
| Distributable reserves | 133 | €75,841 | €30,146 | -€45,695 | -60.3% |
| Profit (loss) carried forward | 14 | €788,181 | €139,588 | -€648,592 | -82.3% |
| Amounts payable | 17/49 | €685,908 | €1,183,477 | +€497,569 | +72.5% |
| Amounts payable after more than one year | 17 | €261,078 | €180,667 | -€80,411 | -30.8% |
| Financial debts | 170/4 | €261,078 | €180,667 | -€80,411 | -30.8% |
| Amounts payable within one year | 42/48 | €424,830 | €1,002,810 | +€577,980 | +136% |
| Current portion of amounts payable after more than one year | 42 | €171,327 | €125,000 | -€46,327 | -27.0% |
| Trade debts | 44 | €207,193 | €848,049 | +€640,856 | +309% |
| Suppliers | 440/4 | €207,193 | €848,049 | +€640,856 | +309% |
| Taxes, remuneration and social security | 45 | €46,310 | €29,761 | -€16,549 | -35.7% |
| Taxes | 450/3 | €21,772 | - | -€21,772 | |
| Remuneration and social security | 454/9 | €24,539 | €29,761 | +€5,223 | +21.3% |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Remuneration, social security and pensions | 62 | €206,789 | €249,191 | +€42,402 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,926 | €168,725 | +€95,799 | +131% |
| Other operating charges | 640/8 | €2,747 | €10,471 | +€7,723 | +281% |
| Non-recurring operating charges | 66A | €1,339 | - | -€1,339 | |
| Gross operating margin | 9900 | €696,149 | €581,774 | -€114,375 | -16.4% |
| Operating profit (loss) | 9901 | €412,348 | €153,387 | -€258,961 | -62.8% |
| Financial charges | 65/66B | €21,068 | €34,259 | +€13,191 | +62.6% |
| Recurring financial charges | 65 | €20,768 | €34,259 | +€13,491 | +65.0% |
| Non-recurring financial charges | 66B | €300 | - | -€300 | |
| Profit (loss) for the period before taxes | 9903 | €391,280 | €119,128 | -€272,152 | -69.6% |
| Income taxes | 67/77 | €71,050 | €78,629 | +€7,579 | +10.7% |
| Profit (loss) for the period | 9904 | €320,230 | €40,499 | -€279,731 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €320,230 | €40,499 | -€279,731 | -87.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.