CAMINOS DEVELOPMENT: what changed
Two fiscal 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 DEVELOPMENT
Largest movements
- Cash -€11,646
down €11,646 (-11.5%), from €101,118 to €89,472
mainly Trade debts (-€7,477) and Receivables within one year (-€6,541)
- Receivables within one year +€6,541
up €6,541 (+29.9%), from €21,878 to €28,419
of which Other amounts receivable: +€6,370
- Trade debts -€7,477
down €7,477 (-82.1%), from €9,110 to €1,633
- Tax, wage and social debts +€1,753
up €1,753 (+20.0%), from €8,774 to €10,527
of which Taxes: +€2,612
- Gross operating margin -€9,493
down €9,493 (-88.3%), from €10,755 to €1,262
- Taxes -€2,086
no longer reported in 2025 (was €2,086)
- Depreciation +€303
up €303 (+27.2%), from €1,114 to €1,417
- Financial income +€185
new in 2025: €185
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 | €128,864 | €123,589 | -€5,276 | -4.1% |
| Fixed assets | 21/28 | €5,733 | €5,361 | -€372 | -6.5% |
| Tangible fixed assets | 22/27 | €3,494 | €3,122 | -€372 | -10.6% |
| Furniture and vehicles | 24 | €3,494 | €3,122 | -€372 | -10.6% |
| Financial fixed assets | 28 | €2,238 | €2,238 | = | 0.0% |
| Current assets | 29/58 | €123,132 | €118,228 | -€4,904 | -4.0% |
| Amounts receivable within one year | 40/41 | €21,878 | €28,419 | +€6,541 | +29.9% |
| Trade receivables | 40 | €14,584 | €14,755 | +€171 | +1.2% |
| Other amounts receivable | 41 | €7,293 | €13,664 | +€6,370 | +87.3% |
| Cash at bank and in hand | 54/58 | €101,118 | €89,472 | -€11,646 | -11.5% |
| Deferred charges and accrued income | 490/1 | €136 | €337 | +€201 | +148.0% |
| Total equity and liabilities | 10/49 | €128,864 | €123,589 | -€5,276 | -4.1% |
| Equity | 10/15 | €110,308 | €109,911 | -€397 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,908 | €97,908 | = | 0.0% |
| Distributable reserves | 133 | €97,908 | €97,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€397 | -€397 | |
| Amounts payable | 17/49 | €18,556 | €13,678 | -€4,879 | -26.3% |
| Amounts payable within one year | 42/48 | €18,556 | €13,678 | -€4,879 | -26.3% |
| Trade debts | 44 | €9,110 | €1,633 | -€7,477 | -82.1% |
| Suppliers | 440/4 | €9,110 | €1,633 | -€7,477 | -82.1% |
| Taxes, remuneration and social security | 45 | €8,774 | €10,527 | +€1,753 | +20.0% |
| Taxes | 450/3 | €6,415 | €9,027 | +€2,612 | +40.7% |
| Remuneration and social security | 454/9 | €2,359 | €1,500 | -€859 | -36.4% |
| Other amounts payable | 47/48 | €672 | €1,518 | +€845 | +125.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,114 | €1,417 | +€303 | +27.2% |
| Gross operating margin | 9900 | €10,755 | €1,262 | -€9,493 | -88.3% |
| Operating profit (loss) | 9901 | €9,641 | -€155 | -€9,796 | |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €398 | €427 | +€29 | +7.3% |
| Recurring financial charges | 65 | €398 | €427 | +€29 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €9,243 | -€397 | -€9,640 | |
| Income taxes | 67/77 | €2,086 | - | -€2,086 | |
| Profit (loss) for the period | 9904 | €7,156 | -€397 | -€7,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,156 | -€397 | -€7,553 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.