CAMINO AZUL: 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.
CAMINO AZUL
Largest movements
- Receivables within one year +€26,623
up €26,623 (+72.3%), from €36,830 to €63,452
of which Trade receivables: +€25,928
- Stocks and contracts +€24,001
up €24,001 (+18.0%), from €133,672 to €157,673
- Tangible fixed assets +€7,139
up €7,139 (+31.6%), from €22,579 to €29,718
of which Furniture and vehicles: +€4,747
- Other debts +€116,944
up €116,944 (+129%), from €90,739 to €207,683
- Trade debts -€51,652
down €51,652 (-95.0%), from €54,362 to €2,710
- Profit (loss) carried forward -€5,260
down €5,260, from €0 to -€5,260
- Gross operating margin +€50,528
up €50,528, from -€22,188 to €28,340
- Other operating charges +€26,612
up €26,612 (+3,395%), from €784 to €27,396
- Depreciation +€2,899
up €2,899 (+85.9%), from €3,374 to €6,273
- Write-downs -€2,000
down €2,000 (-100%), from €2,000 to €0
- Financial income +€304
up €304 (+1,214%), from €25 to €329
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 | €195,101 | €255,132 | +€60,031 | +30.8% |
| Fixed assets | 21/28 | €22,579 | €29,718 | +€7,139 | +31.6% |
| Tangible fixed assets | 22/27 | €22,579 | €29,718 | +€7,139 | +31.6% |
| Land and buildings | 22 | €13,228 | €16,610 | +€3,382 | +25.6% |
| Plant, machinery and equipment | 23 | €6,691 | €5,702 | -€989 | -14.8% |
| Furniture and vehicles | 24 | €2,660 | €7,406 | +€4,747 | +178% |
| Current assets | 29/58 | €172,522 | €225,414 | +€52,892 | +30.7% |
| Stocks and contracts in progress | 3 | €133,672 | €157,673 | +€24,001 | +18.0% |
| Stocks | 30/36 | €133,672 | €157,673 | +€24,001 | +18.0% |
| Amounts receivable within one year | 40/41 | €36,830 | €63,452 | +€26,623 | +72.3% |
| Trade receivables | 40 | €12,851 | €38,779 | +€25,928 | +202% |
| Other amounts receivable | 41 | €23,979 | €24,674 | +€695 | +2.9% |
| Cash at bank and in hand | 54/58 | €1,902 | €2,868 | +€966 | +50.8% |
| Deferred charges and accrued income | 490/1 | €119 | €1,421 | +€1,302 | +1,097% |
| Total equity and liabilities | 10/49 | €195,101 | €255,132 | +€60,031 | +30.8% |
| Equity | 10/15 | €50,000 | €44,740 | -€5,260 | -10.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€5,260 | -€5,260 | |
| Amounts payable | 17/49 | €145,101 | €210,393 | +€65,292 | +45.0% |
| Amounts payable within one year | 42/48 | €145,101 | €210,393 | +€65,292 | +45.0% |
| Trade debts | 44 | €54,362 | €2,710 | -€51,652 | -95.0% |
| Suppliers | 440/4 | €54,362 | €2,710 | -€51,652 | -95.0% |
| Other amounts payable | 47/48 | €90,739 | €207,683 | +€116,944 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,374 | €6,273 | +€2,899 | +85.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | €0 | -€2,000 | -100% |
| Other operating charges | 640/8 | €784 | €27,396 | +€26,612 | +3,395% |
| Gross operating margin | 9900 | -€22,188 | €28,340 | +€50,528 | |
| Operating profit (loss) | 9901 | -€28,346 | -€5,329 | +€23,016 | +81.2% |
| Financial income | 75/76B | €25 | €329 | +€304 | +1,214% |
| Recurring financial income | 75 | €25 | €329 | +€304 | +1,214% |
| Financial charges | 65/66B | €427 | €260 | -€167 | -39.1% |
| Recurring financial charges | 65 | €427 | €260 | -€167 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,748 | -€5,260 | +€23,487 | +81.7% |
| Profit (loss) for the period | 9904 | -€28,748 | -€5,260 | +€23,487 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,748 | -€5,260 | +€23,487 | +81.7% |
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 29 October 2026 via checked.be.