CAMIRE: 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.
CAMIRE
Largest movements
- Current investments +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Cash +€20,938
up €20,938 (+53.6%), from €39,099 to €60,036
mainly Net result for the year (+€458,025) and Depreciation (+€34,064)
- Tangible fixed assets -€17,496
down €17,496 (-5.1%), from €344,194 to €326,698
of which Land and buildings: -€15,750
- Intangible fixed assets -€12,288
down €12,288 (-17.5%), from €70,191 to €57,902
- Tax, wage and social debts +€30,362
up €30,362 (+143.1%), from €21,213 to €51,575
of which Taxes: +€30,514
- Other debts +€29,999
up €29,999 (+7.1%), from €420,000 to €449,999
- Debts after one year -€18,667
down €18,667 (-8.1%), from €231,778 to €213,111
- Purchases and services -€406,546
no longer reported in 2025 (was €406,546)
- Gross operating margin +€122,468
up €122,468 (+16.6%), from €738,651 to €861,119
- Taxes +€27,816
up €27,816 (+21.4%), from €129,853 to €157,669
- Financial charges +€16,091
up €16,091 (+100.0%), from €16,084 to €32,175
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 | €954,236 | €999,897 | +€45,661 | +4.8% |
| Fixed assets | 21/28 | €414,504 | €384,720 | -€29,784 | -7.2% |
| Intangible fixed assets | 21 | €70,191 | €57,902 | -€12,288 | -17.5% |
| Tangible fixed assets | 22/27 | €344,194 | €326,698 | -€17,496 | -5.1% |
| Land and buildings | 22 | €325,620 | €309,870 | -€15,750 | -4.8% |
| Plant, machinery and equipment | 23 | €13,245 | €10,308 | -€2,937 | -22.2% |
| Furniture and vehicles | 24 | €5,329 | €6,520 | +€1,191 | +22.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €539,731 | €615,177 | +€75,446 | +14.0% |
| Amounts receivable within one year | 40/41 | €3,251 | €17 | -€3,234 | -99.5% |
| Other amounts receivable | 41 | €3,251 | €17 | -€3,234 | -99.5% |
| Current investments | 50/53 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €39,099 | €60,036 | +€20,938 | +53.6% |
| Deferred charges and accrued income | 490/1 | €47,381 | €55,123 | +€7,742 | +16.3% |
| Total equity and liabilities | 10/49 | €954,236 | €999,897 | +€45,661 | +4.8% |
| Equity | 10/15 | €252,717 | €260,743 | +€8,025 | +3.2% |
| Contributions | 10/11 | €65,240 | €65,240 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,977 | €193,002 | +€8,025 | +4.3% |
| Amounts payable | 17/49 | €701,518 | €739,154 | +€37,636 | +5.4% |
| Amounts payable after more than one year | 17 | €231,778 | €213,111 | -€18,667 | -8.1% |
| Financial debts | 170/4 | €231,778 | €213,111 | -€18,667 | -8.1% |
| Amounts payable within one year | 42/48 | €464,156 | €525,522 | +€61,366 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €18,667 | €18,667 | = | 0.0% |
| Trade debts | 44 | €4,276 | €5,281 | +€1,005 | +23.5% |
| Suppliers | 440/4 | €4,276 | €5,281 | +€1,005 | +23.5% |
| Taxes, remuneration and social security | 45 | €21,213 | €51,575 | +€30,362 | +143.1% |
| Taxes | 450/3 | €0 | €30,514 | +€30,514 | |
| Remuneration and social security | 454/9 | €21,213 | €21,061 | -€152 | -0.7% |
| Other amounts payable | 47/48 | €420,000 | €449,999 | +€29,999 | +7.1% |
| Accrued charges and deferred income | 492/3 | €5,585 | €522 | -€5,063 | -90.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €406,546 | - | -€406,546 | |
| Remuneration, social security and pensions | 62 | €184,450 | €180,613 | -€3,837 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,008 | €34,064 | -€1,944 | -5.4% |
| Other operating charges | 640/8 | €7,090 | €5,757 | -€1,332 | -18.8% |
| Gross operating margin | 9900 | €738,651 | €861,119 | +€122,468 | +16.6% |
| Operating profit (loss) | 9901 | €511,104 | €640,685 | +€129,581 | +25.4% |
| Financial income | 75/76B | €10,322 | €7,183 | -€3,138 | -30.4% |
| Recurring financial income | 75 | €10,322 | €7,183 | -€3,138 | -30.4% |
| Financial charges | 65/66B | €16,084 | €32,175 | +€16,091 | +100.0% |
| Recurring financial charges | 65 | €16,084 | €32,175 | +€16,091 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €505,342 | €615,694 | +€110,352 | +21.8% |
| Income taxes | 67/77 | €129,853 | €157,669 | +€27,816 | +21.4% |
| Profit (loss) for the period | 9904 | €375,489 | €458,025 | +€82,536 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €375,489 | €458,025 | +€82,536 | +22.0% |
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 3 October 2026 via checked.be.