Camiani: 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.
Camiani
Largest movements
- Stocks and contracts +€540,461
up €540,461 (+71.6%), from €754,617 to €1.3m
- Receivables within one year -€405,372
down €405,372 (-97.8%), from €414,609 to €9,237
of which Trade receivables: -€326,072
- Cash -€142,543
down €142,543 (-35.2%), from €404,380 to €261,837
mainly Stocks and contracts (-€540,461) and Short-term financial debts (-€397,000)
- Other debts +€412,662
up €412,662 (+46.1%), from €894,954 to €1.3m
- Short-term financial debts -€397,000
no longer reported in 2025 (was €397,000)
- Trade debts -€379,150
down €379,150 (-88.4%), from €428,682 to €49,532
- Advances received +€323,483
new in 2025: €323,483
- Debts after one year +€120,000
up €120,000 (+153.8%), from €78,000 to €198,000
- Gross operating margin -€65,641
down €65,641, from €17,948 to -€47,692
- Depreciation -€11,664
down €11,664 (-50.0%), from €23,310 to €11,646
- Financial income -€6,177
down €6,177 (-65.8%), from €9,393 to €3,216
- Financial charges -€4,140
down €4,140 (-11.4%), from €36,475 to €32,334
- Taxes +€1,773
up €1,773, from -€1,763 to €10
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 | €1,603,796 | €1,591,067 | -€12,729 | -0.8% |
| Fixed assets | 21/28 | €21,070 | €15,704 | -€5,366 | -25.5% |
| Tangible fixed assets | 22/27 | €21,070 | €15,704 | -€5,366 | -25.5% |
| Plant, machinery and equipment | 23 | €153 | €2,739 | +€2,586 | +1692.8% |
| Furniture and vehicles | 24 | €20,918 | €12,965 | -€7,953 | -38.0% |
| Current assets | 29/58 | €1,582,726 | €1,575,364 | -€7,362 | -0.5% |
| Stocks and contracts in progress | 3 | €754,617 | €1,295,078 | +€540,461 | +71.6% |
| Stocks | 30/36 | €754,617 | €1,295,078 | +€540,461 | +71.6% |
| Amounts receivable within one year | 40/41 | €414,609 | €9,237 | -€405,372 | -97.8% |
| Trade receivables | 40 | €335,309 | €9,237 | -€326,072 | -97.2% |
| Other amounts receivable | 41 | €79,300 | - | -€79,300 | |
| Cash at bank and in hand | 54/58 | €404,380 | €261,837 | -€142,543 | -35.2% |
| Deferred charges and accrued income | 490/1 | €9,119 | €9,212 | +€92 | +1.0% |
| Total equity and liabilities | 10/49 | €1,603,796 | €1,591,067 | -€12,729 | -0.8% |
| Equity | 10/15 | -€202,268 | -€292,734 | -€90,466 | -44.7% |
| Contributions | 10/11 | €53,100 | €53,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,368 | -€345,834 | -€90,466 | -35.4% |
| Amounts payable | 17/49 | €1,806,064 | €1,883,801 | +€77,737 | +4.3% |
| Amounts payable after more than one year | 17 | €78,000 | €198,000 | +€120,000 | +153.8% |
| Financial debts | 170/4 | €78,000 | €198,000 | +€120,000 | +153.8% |
| Amounts payable within one year | 42/48 | €1,726,673 | €1,685,801 | -€40,872 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €6,036 | - | -€6,036 | |
| Financial debts | 43 | €397,000 | - | -€397,000 | |
| Credit institutions | 430/8 | €397,000 | - | -€397,000 | |
| Trade debts | 44 | €428,682 | €49,532 | -€379,150 | -88.4% |
| Suppliers | 440/4 | €428,682 | €49,532 | -€379,150 | -88.4% |
| Advances received on contracts in progress | 46 | - | €323,483 | +€323,483 | |
| Taxes, remuneration and social security | 45 | - | €5,169 | +€5,169 | |
| Taxes | 450/3 | - | €5,169 | +€5,169 | |
| Other amounts payable | 47/48 | €894,954 | €1,307,617 | +€412,662 | +46.1% |
| Accrued charges and deferred income | 492/3 | €1,391 | - | -€1,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,310 | €11,646 | -€11,664 | -50.0% |
| Other operating charges | 640/8 | €1,978 | €1,999 | +€20 | +1.0% |
| Gross operating margin | 9900 | €17,948 | -€47,692 | -€65,641 | |
| Operating profit (loss) | 9901 | -€7,340 | -€61,337 | -€53,997 | -735.7% |
| Financial income | 75/76B | €9,393 | €3,216 | -€6,177 | -65.8% |
| Recurring financial income | 75 | €9,393 | €3,216 | -€6,177 | -65.8% |
| Financial charges | 65/66B | €36,475 | €32,334 | -€4,140 | -11.4% |
| Recurring financial charges | 65 | €36,475 | €32,334 | -€4,140 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,422 | -€90,455 | -€56,034 | -162.8% |
| Income taxes | 67/77 | -€1,763 | €10 | +€1,773 | |
| Profit (loss) for the period | 9904 | -€32,659 | -€90,466 | -€57,807 | -177.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,659 | -€90,466 | -€57,807 | -177.0% |
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 10 October 2026 via checked.be.