CAMIMAX: 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.
CAMIMAX
Largest movements
- Stocks and contracts +€192,326
up €192,326 (+164%), from €117,424 to €309,751
- Cash -€30,873
down €30,873 (-79.8%), from €38,675 to €7,803
mainly Stocks and contracts (-€192,326) and Debts after one year (-€21,182)
- Tangible fixed assets -€25,331
down €25,331 (-2.6%), from €980,078 to €954,747
of which Land and buildings: -€29,525
- Short-term financial debts +€80,000
new in 2025: €80,000
- Profit (loss) carried forward +€66,676
up €66,676 (+16.7%), from €399,882 to €466,559
- Debts after one year -€21,182
down €21,182 (-4.0%), from €533,991 to €512,809
- Trade debts +€19,930
up €19,930 (+115%), from €17,316 to €37,246
- Gross operating margin +€111,760
up €111,760 (+316%), from €35,343 to €147,103
- Other operating charges +€4,211
up €4,211 (+272%), from €1,546 to €5,756
- Depreciation +€1,972
up €1,972 (+5.6%), from €35,173 to €37,145
- Financial income -€1,823
down €1,823 (-87.2%), from €2,089 to €267
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 | €1,188,593 | €1,340,268 | +€151,675 | +12.8% |
| Fixed assets | 21/28 | €983,868 | €962,326 | -€21,542 | -2.2% |
| Tangible fixed assets | 22/27 | €980,078 | €954,747 | -€25,331 | -2.6% |
| Land and buildings | 22 | €947,492 | €917,967 | -€29,525 | -3.1% |
| Plant, machinery and equipment | 23 | €1,954 | €11,353 | +€9,400 | +481% |
| Other tangible fixed assets | 26 | €30,632 | €25,427 | -€5,205 | -17.0% |
| Financial fixed assets | 28 | €3,789 | €7,579 | +€3,789 | +100% |
| Current assets | 29/58 | €204,725 | €377,942 | +€173,217 | +84.6% |
| Stocks and contracts in progress | 3 | €117,424 | €309,751 | +€192,326 | +164% |
| Stocks | 30/36 | €117,424 | €309,751 | +€192,326 | +164% |
| Amounts receivable within one year | 40/41 | €45,636 | €55,140 | +€9,504 | +20.8% |
| Trade receivables | 40 | €8,778 | €35,889 | +€27,112 | +309% |
| Other amounts receivable | 41 | €36,858 | €19,250 | -€17,608 | -47.8% |
| Cash at bank and in hand | 54/58 | €38,675 | €7,803 | -€30,873 | -79.8% |
| Deferred charges and accrued income | 490/1 | €2,990 | €5,249 | +€2,259 | +75.6% |
| Total equity and liabilities | 10/49 | €1,188,593 | €1,340,268 | +€151,675 | +12.8% |
| Equity | 10/15 | €418,482 | €485,159 | +€66,676 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,882 | €466,559 | +€66,676 | +16.7% |
| Amounts payable | 17/49 | €770,111 | €855,109 | +€84,999 | +11.0% |
| Amounts payable after more than one year | 17 | €533,991 | €512,809 | -€21,182 | -4.0% |
| Financial debts | 170/4 | €533,991 | €512,809 | -€21,182 | -4.0% |
| Amounts payable within one year | 42/48 | €236,094 | €341,163 | +€105,068 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €20,444 | €21,182 | +€738 | +3.6% |
| Financial debts | 43 | - | €80,000 | +€80,000 | |
| Other loans | 439 | - | €80,000 | +€80,000 | |
| Trade debts | 44 | €17,316 | €37,246 | +€19,930 | +115% |
| Suppliers | 440/4 | €17,316 | €37,246 | +€19,930 | +115% |
| Taxes, remuneration and social security | 45 | €15,974 | €12,675 | -€3,299 | -20.7% |
| Taxes | 450/3 | €15,974 | €12,582 | -€3,392 | -21.2% |
| Remuneration and social security | 454/9 | - | €93 | +€93 | |
| Other amounts payable | 47/48 | €182,360 | €190,059 | +€7,699 | +4.2% |
| Accrued charges and deferred income | 492/3 | €25 | €1,138 | +€1,112 | +4,405% |
| Non-recurring operating income | 76A | €2,335 | - | -€2,335 | |
| Remuneration, social security and pensions | 62 | - | €666 | +€666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,173 | €37,145 | +€1,972 | +5.6% |
| Other operating charges | 640/8 | €1,546 | €5,756 | +€4,211 | +272% |
| Non-recurring operating charges | 66A | €17,891 | - | -€17,891 | |
| Gross operating margin | 9900 | €35,343 | €147,103 | +€111,760 | +316% |
| Operating profit (loss) | 9901 | -€19,267 | €103,536 | +€122,803 | |
| Financial income | 75/76B | €2,089 | €267 | -€1,823 | -87.2% |
| Recurring financial income | 75 | €2,089 | €267 | -€1,823 | -87.2% |
| Financial charges | 65/66B | €35,982 | €35,384 | -€598 | -1.7% |
| Recurring financial charges | 65 | €35,982 | €35,384 | -€598 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,159 | €68,418 | +€121,578 | |
| Income taxes | 67/77 | €1,075 | €1,742 | +€667 | +62.1% |
| Profit (loss) for the period | 9904 | -€54,234 | €66,676 | +€120,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,234 | €66,676 | +€120,911 |
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.