CAMICOL: 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.
CAMICOL
Largest movements
- Receivables within one year +€391,846
up €391,846 (+15.8%), from €2.5m to €2.9m
of which Other amounts receivable: +€354,961
- Stocks and contracts -€302,424
down €302,424 (-55.1%), from €548,561 to €246,137
- Cash -€153,672
down €153,672 (-71.0%), from €216,514 to €62,842
- Deferred charges and accrued income +€56,362
up €56,362 (+2711.6%), from €2,079 to €58,441
- Intangible fixed assets +€44,573
up €44,573 (+251.7%), from €17,707 to €62,280
- Trade debts -€58,841
down €58,841 (-77.5%), from €75,941 to €17,101
- Short-term financial debts +€50,000
new in 2025: €50,000
- Other debts +€50,000
up €50,000, from €0 to €50,000
- Financial income -€2.0m
down €2.0m (-97.2%), from €2.1m to €58,441
of which Non-recurring financial income: -€2.0m
- Gross operating margin -€234,305
down €234,305 (-54.2%), from €432,304 to €197,999
- Taxes -€75,097
down €75,097 (-96.9%), from €77,466 to €2,370
- Write-downs +€64,277
up €64,277, from -€64,277 to €0
- Staff costs +€28,701
up €28,701 (+20.0%), from €143,514 to €172,216
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,268,471 | €3,305,156 | +€36,685 | +1.1% |
| Fixed assets | 21/28 | €17,707 | €62,280 | +€44,573 | +251.7% |
| Intangible fixed assets | 21 | €17,707 | €62,280 | +€44,573 | +251.7% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,250,764 | €3,242,877 | -€7,887 | -0.2% |
| Stocks and contracts in progress | 3 | €548,561 | €246,137 | -€302,424 | -55.1% |
| Stocks | 30/36 | €548,561 | €246,137 | -€302,424 | -55.1% |
| Amounts receivable within one year | 40/41 | €2,483,611 | €2,875,457 | +€391,846 | +15.8% |
| Trade receivables | 40 | €89,058 | €125,943 | +€36,885 | +41.4% |
| Other amounts receivable | 41 | €2,394,553 | €2,749,514 | +€354,961 | +14.8% |
| Cash at bank and in hand | 54/58 | €216,514 | €62,842 | -€153,672 | -71.0% |
| Deferred charges and accrued income | 490/1 | €2,079 | €58,441 | +€56,362 | +2711.6% |
| Total equity and liabilities | 10/49 | €3,268,471 | €3,305,156 | +€36,685 | +1.1% |
| Equity | 10/15 | €3,182,734 | €3,182,695 | -€40 | 0.0% |
| Contributions | 10/11 | €341,961 | €341,961 | = | 0.0% |
| Reserves | 13 | €260,115 | €260,115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €260,115 | €260,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,580,658 | €2,580,619 | -€40 | 0.0% |
| Amounts payable | 17/49 | €85,737 | €122,461 | +€36,725 | +42.8% |
| Amounts payable within one year | 42/48 | €85,737 | €122,461 | +€36,725 | +42.8% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €75,941 | €17,101 | -€58,841 | -77.5% |
| Suppliers | 440/4 | €75,941 | €17,101 | -€58,841 | -77.5% |
| Taxes, remuneration and social security | 45 | €9,795 | €5,361 | -€4,434 | -45.3% |
| Taxes | 450/3 | €9,795 | €5,361 | -€4,434 | -45.3% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Non-recurring operating income | 76A | €146,951 | €0 | -€146,951 | -100.0% |
| Remuneration, social security and pensions | 62 | €143,514 | €172,216 | +€28,701 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,471 | €19,866 | +€3,395 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€64,277 | €0 | +€64,277 | |
| Other operating charges | 640/8 | €2,504 | €6,100 | +€3,596 | +143.6% |
| Non-recurring operating charges | 66A | €30,484 | €0 | -€30,484 | -100.0% |
| Gross operating margin | 9900 | €432,304 | €197,999 | -€234,305 | -54.2% |
| Operating profit (loss) | 9901 | €303,607 | -€183 | -€303,790 | |
| Financial income | 75/76B | €2,054,450 | €58,441 | -€2.0m | -97.2% |
| Recurring financial income | 75 | €19,258 | €58,441 | +€39,183 | +203.5% |
| Non-recurring financial income | 76B | €2,035,192 | €0 | -€2.0m | -100.0% |
| Financial charges | 65/66B | €4,716 | €5,928 | +€1,211 | +25.7% |
| Recurring financial charges | 65 | €4,716 | €5,928 | +€1,211 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €2,353,341 | €52,330 | -€2.3m | -97.8% |
| Income taxes | 67/77 | €77,466 | €2,370 | -€75,097 | -96.9% |
| Profit (loss) for the period | 9904 | €2,275,874 | €49,960 | -€2.2m | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,275,874 | €49,960 | -€2.2m | -97.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 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.