CAMIRO: 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.
CAMIRO
Largest movements
- Current investments -€1.6m
down €1.6m (-16.1%), from €9.7m to €8.1m
- Cash +€1.2m
up €1.2m (+111.9%), from €1.1m to €2.3m
mainly Current investments (+€1.6m) and Net result for the year (+€1.2m)
- Reserves -€458,335
down €458,335 (-4.3%), from €10.6m to €10.2m
- Financial charges +€634,686
up €634,686, from -€561,853 to €72,833
- Financial income +€181,194
up €181,194 (+204.1%), from €88,775 to €269,969
- Gross operating margin -€168,537
down €168,537 (-8.8%), from €1.9m to €1.8m
- Taxes -€74,799
down €74,799 (-11.7%), from €642,024 to €567,225
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 | €10,962,005 | €10,534,632 | -€427,373 | -3.9% |
| Fixed assets | 21/28 | €186,675 | €108,781 | -€77,894 | -41.7% |
| Tangible fixed assets | 22/27 | €186,475 | €108,581 | -€77,894 | -41.8% |
| Land and buildings | 22 | €14,869 | - | -€14,869 | |
| Plant, machinery and equipment | 23 | €36,086 | €35,468 | -€618 | -1.7% |
| Furniture and vehicles | 24 | €76,043 | €69,166 | -€6,878 | -9.0% |
| Other tangible fixed assets | 26 | €59,476 | €3,947 | -€55,529 | -93.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €10,775,330 | €10,425,850 | -€349,480 | -3.2% |
| Amounts receivable within one year | 40/41 | €262 | €98 | -€164 | -62.6% |
| Trade receivables | 40 | €262 | €98 | -€164 | -62.6% |
| Current investments | 50/53 | €9,691,416 | €8,131,378 | -€1.6m | -16.1% |
| Cash at bank and in hand | 54/58 | €1,077,231 | €2,283,002 | +€1.2m | +111.9% |
| Deferred charges and accrued income | 490/1 | €6,421 | €11,372 | +€4,951 | +77.1% |
| Total equity and liabilities | 10/49 | €10,962,005 | €10,534,632 | -€427,373 | -3.9% |
| Equity | 10/15 | €10,650,377 | €10,192,042 | -€458,335 | -4.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €10,644,180 | €10,185,845 | -€458,335 | -4.3% |
| Distributable reserves | 133 | €10,644,180 | €10,185,845 | -€458,335 | -4.3% |
| Amounts payable | 17/49 | €311,628 | €342,589 | +€30,962 | +9.9% |
| Amounts payable within one year | 42/48 | €311,628 | €342,589 | +€30,962 | +9.9% |
| Trade debts | 44 | €37,531 | €7,552 | -€29,979 | -79.9% |
| Suppliers | 440/4 | €37,531 | €7,552 | -€29,979 | -79.9% |
| Taxes, remuneration and social security | 45 | €236,614 | €213,411 | -€23,203 | -9.8% |
| Taxes | 450/3 | €234,878 | €211,597 | -€23,281 | -9.9% |
| Remuneration and social security | 454/9 | €1,736 | €1,814 | +€78 | +4.5% |
| Other amounts payable | 47/48 | €37,482 | €121,626 | +€84,144 | +224.5% |
| Non-recurring operating income | 76A | €25,202 | - | -€25,202 | |
| Remuneration, social security and pensions | 62 | €12,266 | €10,868 | -€1,398 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,921 | €94,116 | +€11,195 | +13.5% |
| Other operating charges | 640/8 | €31,884 | €33,226 | +€1,342 | +4.2% |
| Gross operating margin | 9900 | €1,923,146 | €1,754,608 | -€168,537 | -8.8% |
| Operating profit (loss) | 9901 | €1,796,075 | €1,616,399 | -€179,676 | -10.0% |
| Financial income | 75/76B | €88,775 | €269,969 | +€181,194 | +204.1% |
| Recurring financial income | 75 | €88,775 | €269,969 | +€181,194 | +204.1% |
| Financial charges | 65/66B | -€561,853 | €72,833 | +€634,686 | |
| Recurring financial charges | 65 | -€561,853 | €72,833 | +€634,686 | |
| Profit (loss) for the period before taxes | 9903 | €2,446,703 | €1,813,535 | -€633,168 | -25.9% |
| Income taxes | 67/77 | €642,024 | €567,225 | -€74,799 | -11.7% |
| Profit (loss) for the period | 9904 | €1,804,678 | €1,246,310 | -€558,368 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,804,678 | €1,246,310 | -€558,368 | -30.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.