CAMIEL MAES: 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.
CAMIEL MAES
Largest movements
- Receivables within one year +€35,249
up €35,249 (+126.8%), from €27,791 to €63,040
of which Trade receivables: +€34,136
- Cash -€21,672
down €21,672 (-38.0%), from €57,101 to €35,429
mainly Debts after one year (-€39,925) and Receivables within one year (-€35,249)
- Debts after one year -€39,925
down €39,925 (-14.9%), from €267,924 to €227,999
of which Other amounts payable: -€20,927
- Trade debts +€32,877
up €32,877 (+56.2%), from €58,517 to €91,394
- Reserves +€12,054
up €12,054 (+76.2%), from €15,822 to €27,877
- Tax, wage and social debts +€6,000
up €6,000 (+128.0%), from €4,686 to €10,686
- Gross operating margin +€40,126
up €40,126 (+149.6%), from €26,825 to €66,951
- Write-downs +€22,045
new in 2024: €22,045
- Taxes +€3,408
up €3,408 (+2765.9%), from €123 to €3,531
- Other operating charges +€2,672
up €2,672 (+119.6%), from €2,234 to €4,905
- Depreciation +€963
up €963 (+5.0%), from €19,259 to €20,222
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,407 | €388,036 | +€9,629 | +2.5% |
| Fixed assets | 21/28 | €277,168 | €274,567 | -€2,601 | -0.9% |
| Tangible fixed assets | 22/27 | €277,168 | €274,567 | -€2,601 | -0.9% |
| Land and buildings | 22 | €221,929 | €231,446 | +€9,517 | +4.3% |
| Plant, machinery and equipment | 23 | €9,961 | €7,305 | -€2,657 | -26.7% |
| Furniture and vehicles | 24 | €21,599 | €17,957 | -€3,641 | -16.9% |
| Leasing and similar rights | 25 | €23,679 | €17,859 | -€5,820 | -24.6% |
| Current assets | 29/58 | €101,239 | €113,469 | +€12,230 | +12.1% |
| Stocks and contracts in progress | 3 | €15,729 | €15,000 | -€729 | -4.6% |
| Stocks | 30/36 | €15,729 | €15,000 | -€729 | -4.6% |
| Amounts receivable within one year | 40/41 | €27,791 | €63,040 | +€35,249 | +126.8% |
| Trade receivables | 40 | €27,791 | €61,926 | +€34,136 | +122.8% |
| Other amounts receivable | 41 | - | €1,113 | +€1,113 | |
| Cash at bank and in hand | 54/58 | €57,101 | €35,429 | -€21,672 | -38.0% |
| Deferred charges and accrued income | 490/1 | €619 | €0 | -€619 | -100.0% |
| Total equity and liabilities | 10/49 | €378,407 | €388,036 | +€9,629 | +2.5% |
| Equity | 10/15 | €25,822 | €37,877 | +€12,054 | +46.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,822 | €27,877 | +€12,054 | +76.2% |
| Distributable reserves | 133 | €15,822 | €27,877 | +€12,054 | +76.2% |
| Amounts payable | 17/49 | €352,585 | €350,160 | -€2,425 | -0.7% |
| Amounts payable after more than one year | 17 | €267,924 | €227,999 | -€39,925 | -14.9% |
| Financial debts | 170/4 | €152,163 | €133,165 | -€18,998 | -12.5% |
| Other amounts payable | 178/9 | €115,761 | €94,834 | -€20,927 | -18.1% |
| Amounts payable within one year | 42/48 | €84,661 | €121,078 | +€36,417 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €19,508 | €18,998 | -€510 | -2.6% |
| Trade debts | 44 | €58,517 | €91,394 | +€32,877 | +56.2% |
| Suppliers | 440/4 | €58,517 | €91,394 | +€32,877 | +56.2% |
| Taxes, remuneration and social security | 45 | €4,686 | €10,686 | +€6,000 | +128.0% |
| Taxes | 450/3 | €4,686 | €10,686 | +€6,000 | +128.0% |
| Other amounts payable | 47/48 | €1,950 | €0 | -€1,950 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,083 | +€1,083 | |
| Non-recurring operating income | 76A | €1,699 | €780 | -€919 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,259 | €20,222 | +€963 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,045 | +€22,045 | |
| Other operating charges | 640/8 | €2,234 | €4,905 | +€2,672 | +119.6% |
| Non-recurring operating charges | 66A | €110 | €879 | +€769 | +699.0% |
| Gross operating margin | 9900 | €26,825 | €66,951 | +€40,126 | +149.6% |
| Operating profit (loss) | 9901 | €5,223 | €18,900 | +€13,677 | +261.9% |
| Financial income | 75/76B | €875 | €41 | -€834 | -95.3% |
| Recurring financial income | 75 | €875 | €41 | -€834 | -95.3% |
| Financial charges | 65/66B | €3,917 | €3,356 | -€561 | -14.3% |
| Recurring financial charges | 65 | €3,917 | €3,356 | -€561 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €2,181 | €15,585 | +€13,404 | +614.5% |
| Income taxes | 67/77 | €123 | €3,531 | +€3,408 | +2765.9% |
| Profit (loss) for the period | 9904 | €2,058 | €12,054 | +€9,996 | +485.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,058 | €12,054 | +€9,996 | +485.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.