Camiel Bouge: 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 Bouge
Largest movements
- Receivables within one year +€12,919
up €12,919 (+128%), from €10,058 to €22,977
of which Trade receivables: +€16,429
- Tangible fixed assets +€1,373
up €1,373 (+801%), from €171 to €1,544
of which Furniture and vehicles: +€1,431
- Cash -€1,313
down €1,313 (-9.4%), from €13,920 to €12,607
mainly Receivables within one year (-€12,919) and Advances received (-€3,514)
- Trade debts +€13,012
up €13,012 (+3,982%), from €327 to €13,339
- Advances received -€3,514
no longer reported in 2025 (was €3,514)
- Profit (loss) carried forward +€3,135
up €3,135 (+19.0%), from €16,470 to €19,606
- Gross operating margin +€2,989
up €2,989 (+104%), from €2,867 to €5,856
- Taxes +€802
up €802 (+288%), from €278 to €1,080
- Financial charges +€187
up €187 (+121%), from €154 to €342
- Depreciation +€136
up €136 (+20.4%), from €667 to €803
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 | €24,148 | €37,128 | +€12,980 | +53.7% |
| Fixed assets | 21/28 | €171 | €1,544 | +€1,373 | +801% |
| Tangible fixed assets | 22/27 | €171 | €1,544 | +€1,373 | +801% |
| Plant, machinery and equipment | 23 | €58 | - | -€58 | |
| Furniture and vehicles | 24 | €113 | €1,544 | +€1,431 | +1,264% |
| Current assets | 29/58 | €23,977 | €35,584 | +€11,607 | +48.4% |
| Amounts receivable within one year | 40/41 | €10,058 | €22,977 | +€12,919 | +128% |
| Trade receivables | 40 | €2,576 | €19,005 | +€16,429 | +638% |
| Other amounts receivable | 41 | €7,481 | €3,971 | -€3,510 | -46.9% |
| Cash at bank and in hand | 54/58 | €13,920 | €12,607 | -€1,313 | -9.4% |
| Total equity and liabilities | 10/49 | €24,148 | €37,128 | +€12,980 | +53.7% |
| Equity | 10/15 | €19,470 | €22,606 | +€3,135 | +16.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,470 | €19,606 | +€3,135 | +19.0% |
| Amounts payable | 17/49 | €4,678 | €14,522 | +€9,844 | +210% |
| Amounts payable within one year | 42/48 | €4,678 | €14,522 | +€9,844 | +210% |
| Trade debts | 44 | €327 | €13,339 | +€13,012 | +3,982% |
| Suppliers | 440/4 | €327 | €13,339 | +€13,012 | +3,982% |
| Advances received on contracts in progress | 46 | €3,514 | - | -€3,514 | |
| Taxes, remuneration and social security | 45 | €837 | €1,183 | +€346 | +41.3% |
| Taxes | 450/3 | €837 | €1,183 | +€346 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €803 | +€136 | +20.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €2,867 | €5,856 | +€2,989 | +104% |
| Operating profit (loss) | 9901 | €1,694 | €4,533 | +€2,838 | +168% |
| Financial income | 75/76B | €17 | €25 | +€8 | +45.6% |
| Recurring financial income | 75 | €17 | €25 | +€8 | +45.6% |
| Financial charges | 65/66B | €154 | €342 | +€187 | +121% |
| Recurring financial charges | 65 | €154 | €342 | +€187 | +121% |
| Profit (loss) for the period before taxes | 9903 | €1,557 | €4,216 | +€2,659 | +171% |
| Income taxes | 67/77 | €278 | €1,080 | +€802 | +288% |
| Profit (loss) for the period | 9904 | €1,279 | €3,135 | +€1,857 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279 | €3,135 | +€1,857 | +145% |
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 18 October 2026 via checked.be.