CAMINO VERDE: what changed
What changed
CAMINO VERDE
filed annual accounts (NBB)
Net result for the year
-€8,281
2024 · -€32,634+€24,353
Equity
€14,827
2024 · €23,108-€8,281
Cash
€4,032
2024 · €9,099-€5,067
Balance sheet total
€2.0m
2024 · €1.5m+€519,175
Largest movements
Assets
- Receivables after one year +€707,793
up €707,793 (+244%), from €290,651 to €998,443
- Receivables within one year -€141,623
down €141,623 (-100.0%), from €141,633 to €10
- Stocks and contracts -€43,966
down €43,966 (-16.4%), from €268,295 to €224,330
Equity and liabilities
- Debts after one year +€500,458
up €500,458 (+35.2%), from €1.4m to €1.9m
- Other debts +€25,276
up €25,276 (+208%), from €12,145 to €37,422
Income statement
- Financial income +€22,775
up €22,775 (+325%), from €7,017 to €29,793
- Gross operating margin +€4,851
up €4,851 (+37.0%), from -€13,099 to -€8,248
- Other operating charges +€1,446
up €1,446 (+95.3%), from €1,518 to €2,963
- Financial charges +€1,197
up €1,197 (+9.1%), from €13,160 to €14,357
- Depreciation +€631
up €631 (+5.3%), from €11,875 to €12,506
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€32,634
Gross operating margin
+€4,851
Depreciation
-€631
Other operating charges
-€1,446
Financial income
+€22,775
Financial charges
-€1,197
Result 2025
-€8,281
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€493,097
Investment
-€14,476
Financing
+€502,506
Cash 2024
€9,099
From operations (derived)
-€493,097
Net result for the year
-€8,281
Depreciation
+€12,506
Receivables after one year
-€707,793
Stocks and contracts
+€43,966
Receivables within one year
+€141,623
Smaller working-capital items
-€394
Other debts
+€25,276
Investment (derived)
-€14,476
Investment in fixed assets (net)
-€14,476
Financing
+€502,506
Debts after one year
+€500,458
Current portion of long-term debt
+€2,047
Cash 2025
€4,032
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,513,190 | €2,032,364 | +€519,175 | +34.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €802,973 | €804,943 | +€1,969 | +0.2% |
| Tangible fixed assets | 22/27 | €512,973 | €513,822 | +€849 | +0.2% |
| Land and buildings | 22 | €512,973 | €500,467 | -€12,506 | -2.4% |
| Assets under construction and advance payments | 27 | - | €13,355 | +€13,355 | |
| Financial fixed assets | 28 | €290,000 | €291,121 | +€1,121 | +0.4% |
| Current assets | 29/58 | €710,216 | €1,227,422 | +€517,205 | +72.8% |
| Amounts receivable after more than one year | 29 | €290,651 | €998,443 | +€707,793 | +244% |
| Other amounts receivable | 291 | €290,651 | €998,443 | +€707,793 | +244% |
| Stocks and contracts in progress | 3 | €268,295 | €224,330 | -€43,966 | -16.4% |
| Stocks | 30/36 | €268,295 | €224,330 | -€43,966 | -16.4% |
| Amounts receivable within one year | 40/41 | €141,633 | €10 | -€141,623 | -100.0% |
| Trade receivables | 40 | €141,633 | €10 | -€141,623 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,099 | €4,032 | -€5,067 | -55.7% |
| Deferred charges and accrued income | 490/1 | €538 | €606 | +€68 | +12.6% |
| Total equity and liabilities | 10/49 | €1,513,190 | €2,032,364 | +€519,175 | +34.3% |
| Equity | 10/15 | €23,108 | €14,827 | -€8,281 | -35.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,892 | -€85,173 | -€8,281 | -10.8% |
| Amounts payable | 17/49 | €1,490,081 | €2,017,537 | +€527,456 | +35.4% |
| Amounts payable after more than one year | 17 | €1,423,544 | €1,924,002 | +€500,458 | +35.2% |
| Financial debts | 170/4 | €1,423,544 | €1,924,002 | +€500,458 | +35.2% |
| Amounts payable within one year | 42/48 | €66,142 | €92,962 | +€26,819 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €51,677 | €53,725 | +€2,047 | +4.0% |
| Trade debts | 44 | €2,319 | €1,815 | -€504 | -21.7% |
| Suppliers | 440/4 | €2,319 | €1,815 | -€504 | -21.7% |
| Other amounts payable | 47/48 | €12,145 | €37,422 | +€25,276 | +208% |
| Accrued charges and deferred income | 492/3 | €395 | €574 | +€178 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,875 | €12,506 | +€631 | +5.3% |
| Other operating charges | 640/8 | €1,518 | €2,963 | +€1,446 | +95.3% |
| Gross operating margin | 9900 | -€13,099 | -€8,248 | +€4,851 | +37.0% |
| Operating profit (loss) | 9901 | -€26,492 | -€23,717 | +€2,774 | +10.5% |
| Financial income | 75/76B | €7,017 | €29,793 | +€22,775 | +325% |
| Recurring financial income | 75 | €7,017 | €29,793 | +€22,775 | +325% |
| Financial charges | 65/66B | €13,160 | €14,357 | +€1,197 | +9.1% |
| Recurring financial charges | 65 | €13,160 | €14,357 | +€1,197 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,634 | -€8,281 | +€24,353 | +74.6% |
| Profit (loss) for the period | 9904 | -€32,634 | -€8,281 | +€24,353 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,634 | -€8,281 | +€24,353 | +74.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.