CAMIEL: 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.
CAMIEL
Largest movements
- Tangible fixed assets -€25,767
down €25,767 (-21.6%), from €119,521 to €93,754
of which Furniture and vehicles: -€43,649
- Cash -€23,506
down €23,506 (-39.4%), from €59,640 to €36,135
mainly Contributions, distributions and other (-€140,000) and Debts after one year (-€58,809)
- Current investments +€22,000
up €22,000 (+84.6%), from €26,000 to €48,000
- Receivables within one year -€19,988
down €19,988 (-53.8%), from €37,155 to €17,167
of which Other amounts receivable: -€22,389
- Deferred charges and accrued income -€5,192
down €5,192 (-86.2%), from €6,021 to €830
- Other debts +€82,509
new in 2025: €82,509
- Profit (loss) carried forward -€66,424
down €66,424 (-53.8%), from €123,511 to €57,087
- Debts after one year -€58,809
down €58,809 (-100%), from €58,809 to €0
- Current portion of long-term debt -€25,739
down €25,739 (-67.3%), from €38,273 to €12,534
- Tax, wage and social debts +€13,491
up €13,491 (+98.7%), from €13,664 to €27,155
of which Taxes: +€14,252
- Depreciation -€10,772
down €10,772 (-41.6%), from €25,909 to €15,137
- Gross operating margin +€3,861
up €3,861 (+3.3%), from €116,399 to €120,259
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 | €248,513 | €197,385 | -€51,128 | -20.6% |
| Fixed assets | 21/28 | €119,696 | €93,929 | -€25,767 | -21.5% |
| Tangible fixed assets | 22/27 | €119,521 | €93,754 | -€25,767 | -21.6% |
| Plant, machinery and equipment | 23 | €2,180 | €6,844 | +€4,664 | +214% |
| Furniture and vehicles | 24 | €117,340 | €73,691 | -€43,649 | -37.2% |
| Other tangible fixed assets | 26 | - | €13,218 | +€13,218 | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €128,817 | €103,456 | -€25,361 | -19.7% |
| Stocks and contracts in progress | 3 | €0 | €1,325 | +€1,325 | |
| Stocks | 30/36 | €0 | €1,325 | +€1,325 | |
| Amounts receivable within one year | 40/41 | €37,155 | €17,167 | -€19,988 | -53.8% |
| Trade receivables | 40 | €0 | €2,400 | +€2,400 | |
| Other amounts receivable | 41 | €37,155 | €14,766 | -€22,389 | -60.3% |
| Current investments | 50/53 | €26,000 | €48,000 | +€22,000 | +84.6% |
| Cash at bank and in hand | 54/58 | €59,640 | €36,135 | -€23,506 | -39.4% |
| Deferred charges and accrued income | 490/1 | €6,021 | €830 | -€5,192 | -86.2% |
| Total equity and liabilities | 10/49 | €248,513 | €197,385 | -€51,128 | -20.6% |
| Equity | 10/15 | €135,047 | €68,623 | -€66,424 | -49.2% |
| Contributions | 10/11 | €9,676 | €9,676 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,511 | €57,087 | -€66,424 | -53.8% |
| Amounts payable | 17/49 | €113,465 | €128,761 | +€15,296 | +13.5% |
| Amounts payable after more than one year | 17 | €58,809 | €0 | -€58,809 | -100% |
| Financial debts | 170/4 | €58,809 | €0 | -€58,809 | -100% |
| Amounts payable within one year | 42/48 | €54,656 | €128,761 | +€74,105 | +136% |
| Current portion of amounts payable after more than one year | 42 | €38,273 | €12,534 | -€25,739 | -67.3% |
| Trade debts | 44 | €2,718 | €5,663 | +€2,945 | +108% |
| Suppliers | 440/4 | €2,718 | €5,663 | +€2,945 | +108% |
| Advances received on contracts in progress | 46 | - | €900 | +€900 | |
| Taxes, remuneration and social security | 45 | €13,664 | €27,155 | +€13,491 | +98.7% |
| Taxes | 450/3 | €10,403 | €24,655 | +€14,252 | +137% |
| Remuneration and social security | 454/9 | €3,261 | €2,500 | -€761 | -23.3% |
| Other amounts payable | 47/48 | - | €82,509 | +€82,509 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,000 | €0 | -€12,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,909 | €15,137 | -€10,772 | -41.6% |
| Other operating charges | 640/8 | €2,851 | €2,675 | -€176 | -6.2% |
| Non-recurring operating charges | 66A | - | €6,052 | +€6,052 | |
| Gross operating margin | 9900 | €116,399 | €120,259 | +€3,861 | +3.3% |
| Operating profit (loss) | 9901 | €87,639 | €96,395 | +€8,756 | +10.0% |
| Financial income | 75/76B | €1,291 | €1,034 | -€257 | -19.9% |
| Recurring financial income | 75 | €1,291 | €1,034 | -€257 | -19.9% |
| Financial charges | 65/66B | €2,904 | €3,655 | +€751 | +25.9% |
| Recurring financial charges | 65 | €2,904 | €3,655 | +€751 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €86,026 | €93,774 | +€7,748 | +9.0% |
| Income taxes | 67/77 | €19,766 | €20,198 | +€431 | +2.2% |
| Profit (loss) for the period | 9904 | €66,260 | €73,576 | +€7,316 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,260 | €73,576 | +€7,316 | +11.0% |
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 24 October 2026 via checked.be.