CAMILLELOT: 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.
What changed
CAMILLELOT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€844,081
2024 · €895,384-€51,303
Equity
€35.1m
2024 · €8.4m+€26.7m
Cash
€697,770
2024 · €110,094+€587,677
Balance sheet total
€47.4m
2024 · €20.1m+€27.3m
Largest movements
Assets
- Financial fixed assets +€28.0m
up €28.0m (+183%), from €15.3m to €43.3m
- Tangible fixed assets -€1.5m
down €1.5m (-36.1%), from €4.1m to €2.6m
of which Land and buildings: -€1.5m
- Cash +€587,677
up €587,677 (+534%), from €110,094 to €697,770
mainly Contributions, distributions and other (+€25.8m) and Net result for the year (+€844,081)
Equity and liabilities
- Revaluation surpluses +€25.8m
new in 2025: €25.8m
- Reserves +€844,081
up €844,081 (+10.0%), from €8.4m to €9.2m
of which Tax-exempt reserves: +€560,624
Income statement
- Financial income +€99,056
up €99,056 (+13.9%), from €710,940 to €809,997
of which Non-recurring financial income: +€348,087
- Depreciation -€71,009
down €71,009 (-35.8%), from €198,587 to €127,578
- Gross operating margin -€64,888
down €64,888 (-8.5%), from €767,275 to €702,387
- Taxes +€59,125
up €59,125, from -€9,037 to €50,088
- Financial charges -€38,527
down €38,527 (-14.3%), from €269,162 to €230,634
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.
Result 2024
€895,384
Gross operating margin
-€64,888
Depreciation
+€71,009
Provisions
+€31,948
Other operating charges
+€19,044
Financial income
+€99,056
Financial charges
+€38,527
Taxes
-€59,125
Deferred taxes and other
-€186,875
Result 2025
€844,081
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€26.7m
Financing
+€26.1m
Cash 2024
€110,094
From operations (derived)
+€1.2m
Net result for the year
+€844,081
Depreciation
+€127,578
Receivables within one year
-€69,286
Smaller working-capital items
+€16
Provisions
+€221,263
Tax, wage and social debts
+€81,126
Investment (derived)
-€26.7m
Investment in fixed assets (net)
-€26.6m
Current investments
-€130,475
Financing
+€26.1m
Debts after one year
+€401,614
Current portion of long-term debt
-€82,347
Contributions, distributions and other
+€25.8m
Cash 2025
€697,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,090,033 | €47,360,846 | +€27.3m | +136% |
| Fixed assets | 21/28 | €19,398,377 | €45,884,287 | +€26.5m | +137% |
| Tangible fixed assets | 22/27 | €4,080,984 | €2,605,804 | -€1.5m | -36.1% |
| Land and buildings | 22 | €4,080,181 | €2,605,804 | -€1.5m | -36.1% |
| Furniture and vehicles | 24 | €803 | - | -€803 | |
| Financial fixed assets | 28 | €15,317,393 | €43,278,483 | +€28.0m | +183% |
| Current assets | 29/58 | €691,656 | €1,476,560 | +€784,903 | +113% |
| Amounts receivable after more than one year | 29 | €297,619 | €297,619 | = | 0.0% |
| Other amounts receivable | 291 | €297,619 | €297,619 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €270,395 | €339,681 | +€69,286 | +25.6% |
| Trade receivables | 40 | €263,134 | €339,681 | +€76,547 | +29.1% |
| Other amounts receivable | 41 | €7,261 | - | -€7,261 | |
| Current investments | 50/53 | - | €130,475 | +€130,475 | |
| Cash at bank and in hand | 54/58 | €110,094 | €697,770 | +€587,677 | +534% |
| Deferred charges and accrued income | 490/1 | €13,549 | €11,014 | -€2,535 | -18.7% |
| Total equity and liabilities | 10/49 | €20,090,033 | €47,360,846 | +€27.3m | +136% |
| Equity | 10/15 | €8,427,755 | €35,079,430 | +€26.7m | +316% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €25,809,594 | +€25.8m | |
| Reserves | 13 | €8,399,155 | €9,243,236 | +€844,081 | +10.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €560,624 | +€560,624 | |
| Distributable reserves | 133 | €8,397,295 | €8,680,753 | +€283,458 | +3.4% |
| Investment grants | 15 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Provisions and deferred taxes | 16 | €2,924,468 | €3,145,730 | +€221,263 | +7.6% |
| Provisions for liabilities and charges | 160/5 | €2,924,468 | €2,958,856 | +€34,388 | +1.2% |
| Environmental obligations | 163 | €2,924,468 | €2,958,856 | +€34,388 | +1.2% |
| Deferred taxes | 168 | - | €186,875 | +€186,875 | |
| Amounts payable | 17/49 | €8,737,811 | €9,135,686 | +€397,875 | +4.6% |
| Amounts payable after more than one year | 17 | €8,049,663 | €8,451,278 | +€401,614 | +5.0% |
| Financial debts | 170/4 | €3,997,182 | €2,299,003 | -€1.7m | -42.5% |
| Other amounts payable | 178/9 | €4,052,481 | €6,152,275 | +€2.1m | +51.8% |
| Amounts payable within one year | 42/48 | €678,428 | €675,739 | -€2,689 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €665,886 | €583,539 | -€82,347 | -12.4% |
| Trade debts | 44 | €1,468 | - | -€1,468 | |
| Suppliers | 440/4 | €1,468 | - | -€1,468 | |
| Taxes, remuneration and social security | 45 | €11,074 | €92,200 | +€81,126 | +733% |
| Taxes | 450/3 | €11,074 | €92,200 | +€81,126 | +733% |
| Accrued charges and deferred income | 492/3 | €9,719 | €8,669 | -€1,051 | -10.8% |
| Non-recurring operating income | 76A | - | €747,498 | +€747,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,587 | €127,578 | -€71,009 | -35.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €93,924 | €61,977 | -€31,948 | -34.0% |
| Other operating charges | 640/8 | €30,195 | €11,150 | -€19,044 | -63.1% |
| Gross operating margin | 9900 | €767,275 | €702,387 | -€64,888 | -8.5% |
| Operating profit (loss) | 9901 | €444,568 | €501,681 | +€57,113 | +12.8% |
| Financial income | 75/76B | €710,940 | €809,997 | +€99,056 | +13.9% |
| Recurring financial income | 75 | €311,530 | €62,499 | -€249,031 | -79.9% |
| Non-recurring financial income | 76B | €399,411 | €747,498 | +€348,087 | +87.2% |
| Financial charges | 65/66B | €269,162 | €230,634 | -€38,527 | -14.3% |
| Recurring financial charges | 65 | €269,162 | €230,634 | -€38,527 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €886,347 | €1,081,043 | +€194,696 | +22.0% |
| Transfer to deferred taxes | 680 | - | €186,875 | +€186,875 | |
| Income taxes | 67/77 | -€9,037 | €50,088 | +€59,125 | |
| Profit (loss) for the period | 9904 | €895,384 | €844,081 | -€51,303 | -5.7% |
| Transfer to tax-exempt reserves | 689 | - | €560,624 | +€560,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €895,384 | €283,458 | -€611,926 | -68.3% |
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.