CAMICON: 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.
CAMICON
Largest movements
- Tangible fixed assets -€170,920
down €170,920 (-4.9%), from €3.5m to €3.3m
of which Land and buildings: -€188,674
- Deferred charges and accrued income -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash -€120,830
down €120,830 (-86.2%), from €140,114 to €19,284
mainly Debts after one year (-€151,617) and Current portion of long-term debt (-€123,108)
- Debts after one year -€151,617
down €151,617 (-21.5%), from €703,762 to €552,145
of which Financial debts: -€151,617
- Current portion of long-term debt -€123,108
down €123,108 (-6.5%), from €1.9m to €1.8m
- Other debts -€102,636
down €102,636 (-85.9%), from €119,458 to €16,822
- Reserves -€66,561
down €66,561 (-12.0%), from €553,052 to €486,491
of which Distributable reserves: -€59,647
- Gross operating margin -€216,437
down €216,437 (-61.4%), from €352,650 to €136,213
- Taxes -€31,647
down €31,647 (-96.2%), from €32,899 to €1,251
- Financial charges -€25,568
down €25,568 (-28.0%), from €91,285 to €65,716
- Other operating charges -€16,347
down €16,347 (-24.5%), from €66,848 to €50,501
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 | €3,871,501 | €3,412,519 | -€458,982 | -11.9% |
| Fixed assets | 21/28 | €3,477,282 | €3,306,918 | -€170,363 | -4.9% |
| Tangible fixed assets | 22/27 | €3,476,907 | €3,305,987 | -€170,920 | -4.9% |
| Land and buildings | 22 | €3,411,727 | €3,223,053 | -€188,674 | -5.5% |
| Plant, machinery and equipment | 23 | €42,275 | €45,664 | +€3,389 | +8.0% |
| Furniture and vehicles | 24 | €22,905 | €15,270 | -€7,635 | -33.3% |
| Other tangible fixed assets | 26 | - | €22,000 | +€22,000 | |
| Financial fixed assets | 28 | €375 | €931 | +€556 | +148% |
| Current assets | 29/58 | €394,219 | €105,601 | -€288,618 | -73.2% |
| Amounts receivable within one year | 40/41 | €104,106 | €86,318 | -€17,788 | -17.1% |
| Trade receivables | 40 | €65,117 | €4,074 | -€61,043 | -93.7% |
| Other amounts receivable | 41 | €38,989 | €82,244 | +€43,255 | +111% |
| Cash at bank and in hand | 54/58 | €140,114 | €19,284 | -€120,830 | -86.2% |
| Deferred charges and accrued income | 490/1 | €150,000 | €0 | -€150,000 | -100% |
| Total equity and liabilities | 10/49 | €3,871,501 | €3,412,519 | -€458,982 | -11.9% |
| Equity | 10/15 | €957,552 | €890,991 | -€66,561 | -7.0% |
| Contributions | 10/11 | €404,500 | €404,500 | = | 0.0% |
| Reserves | 13 | €553,052 | €486,491 | -€66,561 | -12.0% |
| Tax-exempt reserves | 132 | €45,398 | €38,484 | -€6,914 | -15.2% |
| Distributable reserves | 133 | €507,654 | €448,007 | -€59,647 | -11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €73,823 | €70,263 | -€3,560 | -4.8% |
| Provisions for liabilities and charges | 160/5 | €50,447 | €50,447 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,447 | €50,447 | = | 0.0% |
| Deferred taxes | 168 | €23,376 | €19,816 | -€3,560 | -15.2% |
| Amounts payable | 17/49 | €2,840,126 | €2,451,266 | -€388,860 | -13.7% |
| Amounts payable after more than one year | 17 | €703,762 | €552,145 | -€151,617 | -21.5% |
| Financial debts | 170/4 | €693,762 | €542,145 | -€151,617 | -21.9% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,063,137 | €1,846,194 | -€216,943 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €1,881,648 | €1,758,540 | -€123,108 | -6.5% |
| Trade debts | 44 | €39,045 | €67,979 | +€28,934 | +74.1% |
| Suppliers | 440/4 | €39,045 | €67,979 | +€28,934 | +74.1% |
| Taxes, remuneration and social security | 45 | €22,986 | €2,853 | -€20,132 | -87.6% |
| Taxes | 450/3 | €22,986 | €2,853 | -€20,132 | -87.6% |
| Other amounts payable | 47/48 | €119,458 | €16,822 | -€102,636 | -85.9% |
| Accrued charges and deferred income | 492/3 | €73,227 | €52,927 | -€20,300 | -27.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,666 | €89,812 | -€2,854 | -3.1% |
| Other operating charges | 640/8 | €66,848 | €50,501 | -€16,347 | -24.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €352,650 | €136,213 | -€216,437 | -61.4% |
| Operating profit (loss) | 9901 | €193,137 | -€4,100 | -€197,237 | |
| Financial income | 75/76B | €0 | €946 | +€946 | +1,351,543% |
| Recurring financial income | 75 | €0 | €946 | +€946 | +1,351,543% |
| Financial charges | 65/66B | €91,285 | €65,716 | -€25,568 | -28.0% |
| Recurring financial charges | 65 | €91,285 | €65,716 | -€25,568 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €101,852 | -€68,870 | -€170,723 | |
| Transfer from deferred taxes | 780 | €3,560 | €3,560 | = | 0.0% |
| Income taxes | 67/77 | €32,899 | €1,251 | -€31,647 | -96.2% |
| Profit (loss) for the period | 9904 | €72,514 | -€66,561 | -€139,075 | |
| Transfer from tax-exempt reserves | 789 | €6,914 | €6,914 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,428 | -€59,647 | -€139,075 |
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 16 October 2026 via checked.be.