CAMILLE LOWARD: 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.
CAMILLE LOWARD
Largest movements
- Cash +€4,473
up €4,473 (+284%), from €1,574 to €6,047
mainly Other debts (+€14,345) and Trade debts (+€2,121)
- Receivables within one year +€1,698
up €1,698 (+25.4%), from €6,690 to €8,388
of which Trade receivables: +€3,889
- Deferred charges and accrued income +€1,541
up €1,541 (+3,505%), from €44 to €1,585
- Tangible fixed assets -€994
down €994 (-30.3%), from €3,276 to €2,282
of which Plant, machinery and equipment: -€756
- Other debts +€14,345
up €14,345 (+205%), from €7,014 to €21,359
- Profit (loss) carried forward -€9,903
down €9,903 (-128%), from -€7,730 to -€17,633
- Trade debts +€2,121
up €2,121 (+32.8%), from €6,475 to €8,597
- Gross operating margin -€4,566
down €4,566 (-139%), from -€3,277 to -€7,843
- Other operating charges -€332
down €332 (-85.7%), from €387 to €55
- Financial charges -€151
down €151 (-14.6%), from €1,037 to €886
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 | €11,584 | €18,302 | +€6,717 | +58.0% |
| Fixed assets | 21/28 | €3,276 | €2,282 | -€994 | -30.3% |
| Tangible fixed assets | 22/27 | €3,276 | €2,282 | -€994 | -30.3% |
| Plant, machinery and equipment | 23 | €2,912 | €2,156 | -€756 | -26.0% |
| Furniture and vehicles | 24 | €363 | €126 | -€238 | -65.4% |
| Current assets | 29/58 | €8,309 | €16,020 | +€7,711 | +92.8% |
| Amounts receivable within one year | 40/41 | €6,690 | €8,388 | +€1,698 | +25.4% |
| Trade receivables | 40 | €3,626 | €7,516 | +€3,889 | +107% |
| Other amounts receivable | 41 | €3,064 | €872 | -€2,192 | -71.5% |
| Cash at bank and in hand | 54/58 | €1,574 | €6,047 | +€4,473 | +284% |
| Deferred charges and accrued income | 490/1 | €44 | €1,585 | +€1,541 | +3,505% |
| Total equity and liabilities | 10/49 | €11,584 | €18,302 | +€6,717 | +58.0% |
| Equity | 10/15 | -€3,730 | -€13,633 | -€9,903 | -265% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,730 | -€17,633 | -€9,903 | -128% |
| Amounts payable | 17/49 | €15,314 | €31,935 | +€16,621 | +109% |
| Amounts payable within one year | 42/48 | €15,282 | €31,896 | +€16,614 | +109% |
| Trade debts | 44 | €6,475 | €8,597 | +€2,121 | +32.8% |
| Suppliers | 440/4 | €6,475 | €8,597 | +€2,121 | +32.8% |
| Taxes, remuneration and social security | 45 | €1,793 | €1,941 | +€148 | +8.2% |
| Taxes | 450/3 | €1,793 | €1,741 | -€52 | -2.9% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €7,014 | €21,359 | +€14,345 | +205% |
| Accrued charges and deferred income | 492/3 | €32 | €39 | +€7 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994 | €994 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €55 | -€332 | -85.7% |
| Gross operating margin | 9900 | -€3,277 | -€7,843 | -€4,566 | -139% |
| Operating profit (loss) | 9901 | -€4,658 | -€8,892 | -€4,234 | -90.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | +5,215% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +5,215% |
| Financial charges | 65/66B | €1,037 | €886 | -€151 | -14.6% |
| Recurring financial charges | 65 | €1,037 | €886 | -€151 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,695 | -€9,771 | -€4,076 | -71.6% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€5,823 | -€9,903 | -€4,080 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,823 | -€9,903 | -€4,080 | -70.1% |
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.