CAMICO: what changed
Two fiscal 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.
CAMICO
Largest movements
- Intangible fixed assets -€18,856
down €18,856 (-23.4%), from €80,451 to €61,595
- Stocks and contracts -€16,289
down €16,289 (-9.2%), from €177,879 to €161,589
- Receivables within one year -€10,401
down €10,401 (-63.7%), from €16,315 to €5,914
of which Other amounts receivable: -€7,569
- Tangible fixed assets -€4,988
down €4,988 (-12.1%), from €41,257 to €36,269
of which Plant, machinery and equipment: -€3,400
- Deferred charges and accrued income +€3,855
up €3,855, from €0 to €3,855
- Profit (loss) carried forward -€99,640
down €99,640 (-171.2%), from -€58,203 to -€157,842
- Short-term financial debts +€62,818
up €62,818 (+28.3%), from €222,182 to €285,000
- Other debts -€5,562
down €5,562 (-8.3%), from €67,183 to €61,621
- Gross operating margin -€36,565
down €36,565 (-436.2%), from -€8,382 to -€44,947
- Depreciation +€4,637
up €4,637 (+24.1%), from €19,207 to €23,844
- Financial charges +€4,105
up €4,105 (+55.8%), from €7,354 to €11,459
- Other operating charges -€4,027
down €4,027 (-78.1%), from €5,159 to €1,131
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 | €315,901 | €269,529 | -€46,372 | -14.7% |
| Fixed assets | 21/28 | €121,708 | €97,864 | -€23,844 | -19.6% |
| Intangible fixed assets | 21 | €80,451 | €61,595 | -€18,856 | -23.4% |
| Tangible fixed assets | 22/27 | €41,257 | €36,269 | -€4,988 | -12.1% |
| Land and buildings | 22 | €34,057 | €32,876 | -€1,181 | -3.5% |
| Plant, machinery and equipment | 23 | €6,041 | €2,641 | -€3,400 | -56.3% |
| Furniture and vehicles | 24 | €1,159 | €751 | -€407 | -35.2% |
| Current assets | 29/58 | €194,194 | €171,666 | -€22,528 | -11.6% |
| Stocks and contracts in progress | 3 | €177,879 | €161,589 | -€16,289 | -9.2% |
| Stocks | 30/36 | €177,879 | €161,589 | -€16,289 | -9.2% |
| Amounts receivable within one year | 40/41 | €16,315 | €5,914 | -€10,401 | -63.7% |
| Trade receivables | 40 | €6,183 | €3,351 | -€2,832 | -45.8% |
| Other amounts receivable | 41 | €10,132 | €2,563 | -€7,569 | -74.7% |
| Cash at bank and in hand | 54/58 | €0 | €307 | +€307 | |
| Deferred charges and accrued income | 490/1 | €0 | €3,855 | +€3,855 | |
| Total equity and liabilities | 10/49 | €315,901 | €269,529 | -€46,372 | -14.7% |
| Equity | 10/15 | €19,501 | -€80,138 | -€99,640 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €74,204 | €74,204 | = | 0.0% |
| Distributable reserves | 133 | €74,204 | €74,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,203 | -€157,842 | -€99,640 | -171.2% |
| Amounts payable | 17/49 | €296,400 | €349,668 | +€53,268 | +18.0% |
| Amounts payable within one year | 42/48 | €296,400 | €349,668 | +€53,268 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €222,182 | €285,000 | +€62,818 | +28.3% |
| Credit institutions | 430/8 | €222,182 | €285,000 | +€62,818 | +28.3% |
| Trade debts | 44 | €4,333 | €1,642 | -€2,691 | -62.1% |
| Suppliers | 440/4 | €4,333 | €1,642 | -€2,691 | -62.1% |
| Taxes, remuneration and social security | 45 | €2,702 | €1,405 | -€1,297 | -48.0% |
| Taxes | 450/3 | €2,702 | €1,405 | -€1,297 | -48.0% |
| Other amounts payable | 47/48 | €67,183 | €61,621 | -€5,562 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,207 | €23,844 | +€4,637 | +24.1% |
| Other operating charges | 640/8 | €5,159 | €1,131 | -€4,027 | -78.1% |
| Non-recurring operating charges | 66A | €18,101 | €18,101 | = | 0.0% |
| Gross operating margin | 9900 | -€8,382 | -€44,947 | -€36,565 | -436.2% |
| Operating profit (loss) | 9901 | -€50,849 | -€88,024 | -€37,175 | -73.1% |
| Financial income | 75/76B | €0 | €59 | +€59 | +29500.0% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +29500.0% |
| Financial charges | 65/66B | €7,354 | €11,459 | +€4,105 | +55.8% |
| Recurring financial charges | 65 | €7,354 | €11,459 | +€4,105 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | -€58,203 | -€99,424 | -€41,221 | -70.8% |
| Income taxes | 67/77 | €0 | €216 | +€216 | |
| Profit (loss) for the period | 9904 | -€58,203 | -€99,640 | -€41,437 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,203 | -€99,640 | -€41,437 | -71.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.