CAMI: 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.
CAMI
Largest movements
- Cash +€22,337
up €22,337 (+15.1%), from €147,628 to €169,965
mainly Net result for the year (+€18,185) and Accrued charges and deferred income (+€3,416)
- Reserves +€22,724
up €22,724 (+85.1%), from €26,699 to €49,423
of which Distributable reserves: +€22,724
- Profit (loss) carried forward -€4,539
down €4,539 (-17.5%), from €25,912 to €21,373
- Accrued charges and deferred income +€3,416
up €3,416 (+562%), from €608 to €4,024
- Taxes +€6,068
up €6,068 (+83.5%), from €7,271 to €13,339
- Gross operating margin -€2,063
down €2,063 (-4.7%), from €43,713 to €41,650
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 | €155,844 | €177,767 | +€21,923 | +14.1% |
| Fixed assets | 21/28 | €3,506 | €2,717 | -€789 | -22.5% |
| Tangible fixed assets | 22/27 | €3,456 | €2,667 | -€789 | -22.8% |
| Land and buildings | 22 | €1,156 | €867 | -€289 | -25.0% |
| Plant, machinery and equipment | 23 | €2,300 | €1,800 | -€500 | -21.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €152,338 | €175,050 | +€22,712 | +14.9% |
| Amounts receivable within one year | 40/41 | €2,600 | €2,700 | +€100 | +3.8% |
| Trade receivables | 40 | €30 | - | -€30 | |
| Other amounts receivable | 41 | €2,570 | €2,700 | +€130 | +5.1% |
| Cash at bank and in hand | 54/58 | €147,628 | €169,965 | +€22,337 | +15.1% |
| Deferred charges and accrued income | 490/1 | €2,110 | €2,385 | +€275 | +13.0% |
| Total equity and liabilities | 10/49 | €155,844 | €177,767 | +€21,923 | +14.1% |
| Equity | 10/15 | €152,611 | €170,796 | +€18,185 | +11.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €26,699 | €49,423 | +€22,724 | +85.1% |
| Non-distributable reserves | 130/1 | €2,389 | €2,389 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,389 | €2,389 | = | 0.0% |
| Distributable reserves | 133 | €24,310 | €47,034 | +€22,724 | +93.5% |
| Profit (loss) carried forward | 14 | €25,912 | €21,373 | -€4,539 | -17.5% |
| Amounts payable | 17/49 | €3,233 | €6,971 | +€3,738 | +116% |
| Amounts payable after more than one year | 17 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 178/9 | €2,325 | €2,325 | = | 0.0% |
| Amounts payable within one year | 42/48 | €300 | €622 | +€322 | +107% |
| Trade debts | 44 | - | €322 | +€322 | |
| Suppliers | 440/4 | - | €322 | +€322 | |
| Taxes, remuneration and social security | 45 | €300 | €300 | = | 0.0% |
| Remuneration and social security | 454/9 | €300 | €300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €608 | €4,024 | +€3,416 | +562% |
| Non-recurring operating income | 76A | €2,570 | €2,700 | +€130 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €789 | = | 0.0% |
| Other operating charges | 640/8 | €9,055 | €9,306 | +€251 | +2.8% |
| Gross operating margin | 9900 | €43,713 | €41,650 | -€2,063 | -4.7% |
| Operating profit (loss) | 9901 | €33,869 | €31,555 | -€2,314 | -6.8% |
| Financial income | 75/76B | €18 | €14 | -€4 | -22.2% |
| Recurring financial income | 75 | €18 | €14 | -€4 | -22.2% |
| Non-recurring financial income | 76B | €18 | €14 | -€4 | -22.2% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €33,842 | €31,524 | -€2,318 | -6.8% |
| Income taxes | 67/77 | €7,271 | €13,339 | +€6,068 | +83.5% |
| Profit (loss) for the period | 9904 | €26,571 | €18,185 | -€8,386 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,571 | €18,185 | -€8,386 | -31.6% |
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 17 October 2026 via checked.be.