CAMINOS: 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.
CAMINOS
Largest movements
- Cash +€306,803
up €306,803 (+92.7%), from €331,127 to €637,930
mainly Net result for the year (+€256,534) and Accrued charges and deferred income (+€81,113)
- Deferred charges and accrued income +€82,053
up €82,053 (+216.0%), from €37,992 to €120,044
- Stocks and contracts -€26,873
down €26,873 (-17.4%), from €154,500 to €127,627
- Reserves +€226,534
up €226,534 (+55.7%), from €407,039 to €633,574
- Accrued charges and deferred income +€81,113
up €81,113 (+250.9%), from €32,330 to €113,443
- Trade debts +€59,600
up €59,600 (+140.6%), from €42,383 to €101,983
- Tax, wage and social debts +€21,613
up €21,613 (+76.3%), from €28,314 to €49,927
of which Taxes: +€17,655
- Debts after one year -€21,561
down €21,561 (-10.1%), from €213,276 to €191,715
- Gross operating margin +€224,081
up €224,081 (+43.7%), from €512,555 to €736,636
- Taxes +€63,966
up €63,966 (+100.4%), from €63,689 to €127,655
- Staff costs +€14,509
up €14,509 (+5.9%), from €244,799 to €259,309
- Depreciation +€8,760
up €8,760 (+14.9%), from €58,704 to €67,464
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.
Cash bridge derived
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 | €1,458,543 | €1,822,021 | +€363,478 | +24.9% |
| Fixed assets | 21/28 | €605,194 | €589,546 | -€15,648 | -2.6% |
| Intangible fixed assets | 21 | €13,572 | €9,829 | -€3,743 | -27.6% |
| Tangible fixed assets | 22/27 | €591,622 | €579,717 | -€11,905 | -2.0% |
| Land and buildings | 22 | €337,824 | €337,058 | -€766 | -0.2% |
| Plant, machinery and equipment | 23 | €21,785 | €30,828 | +€9,043 | +41.5% |
| Furniture and vehicles | 24 | €8,777 | €20,884 | +€12,107 | +137.9% |
| Other tangible fixed assets | 26 | €223,235 | €190,947 | -€32,288 | -14.5% |
| Current assets | 29/58 | €853,348 | €1,232,474 | +€379,126 | +44.4% |
| Stocks and contracts in progress | 3 | €154,500 | €127,627 | -€26,873 | -17.4% |
| Stocks | 30/36 | €154,500 | €127,627 | -€26,873 | -17.4% |
| Amounts receivable within one year | 40/41 | €329,730 | €346,873 | +€17,143 | +5.2% |
| Trade receivables | 40 | €145,697 | €92,979 | -€52,718 | -36.2% |
| Other amounts receivable | 41 | €184,033 | €253,893 | +€69,861 | +38.0% |
| Cash at bank and in hand | 54/58 | €331,127 | €637,930 | +€306,803 | +92.7% |
| Deferred charges and accrued income | 490/1 | €37,992 | €120,044 | +€82,053 | +216.0% |
| Total equity and liabilities | 10/49 | €1,458,543 | €1,822,021 | +€363,478 | +24.9% |
| Equity | 10/15 | €1,094,061 | €1,320,595 | +€226,534 | +20.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €407,039 | €633,574 | +€226,534 | +55.7% |
| Distributable reserves | 133 | €407,039 | €633,574 | +€226,534 | +55.7% |
| Profit (loss) carried forward | 14 | €674,022 | €674,022 | = | 0.0% |
| Amounts payable | 17/49 | €364,481 | €501,425 | +€136,944 | +37.6% |
| Amounts payable after more than one year | 17 | €213,276 | €191,715 | -€21,561 | -10.1% |
| Financial debts | 170/4 | €213,276 | €191,715 | -€21,561 | -10.1% |
| Amounts payable within one year | 42/48 | €118,875 | €196,267 | +€77,392 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €40,612 | €35,133 | -€5,479 | -13.5% |
| Trade debts | 44 | €42,383 | €101,983 | +€59,600 | +140.6% |
| Suppliers | 440/4 | €42,383 | €101,983 | +€59,600 | +140.6% |
| Taxes, remuneration and social security | 45 | €28,314 | €49,927 | +€21,613 | +76.3% |
| Taxes | 450/3 | - | €17,655 | +€17,655 | |
| Remuneration and social security | 454/9 | €28,314 | €32,272 | +€3,958 | +14.0% |
| Other amounts payable | 47/48 | €7,566 | €9,224 | +€1,658 | +21.9% |
| Accrued charges and deferred income | 492/3 | €32,330 | €113,443 | +€81,113 | +250.9% |
| Remuneration, social security and pensions | 62 | €244,799 | €259,309 | +€14,509 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,704 | €67,464 | +€8,760 | +14.9% |
| Other operating charges | 640/8 | €10,273 | €12,438 | +€2,165 | +21.1% |
| Gross operating margin | 9900 | €512,555 | €736,636 | +€224,081 | +43.7% |
| Operating profit (loss) | 9901 | €198,778 | €397,425 | +€198,647 | +99.9% |
| Financial income | 75/76B | €1,926 | €3,985 | +€2,059 | +106.9% |
| Recurring financial income | 75 | €1,926 | €3,985 | +€2,059 | +106.9% |
| Financial charges | 65/66B | €11,835 | €17,221 | +€5,386 | +45.5% |
| Recurring financial charges | 65 | €11,835 | €17,221 | +€5,386 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €188,869 | €384,189 | +€195,320 | +103.4% |
| Income taxes | 67/77 | €63,689 | €127,655 | +€63,966 | +100.4% |
| Profit (loss) for the period | 9904 | €125,179 | €256,534 | +€131,355 | +104.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,179 | €256,534 | +€131,355 | +104.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.