CAMMACO: 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.
CAMMACO
Largest movements
- Receivables within one year -€42,337
down €42,337 (-80.9%), from €52,327 to €9,989
of which Other amounts receivable: -€40,342
- Cash +€40,181
up €40,181 (+376.2%), from €10,680 to €50,861
mainly Receivables within one year (+€42,337) and Depreciation (+€37,663)
- Tangible fixed assets -€31,250
down €31,250 (-2.9%), from €1.1m to €1.1m
- Debts after one year -€74,947
down €74,947 (-9.5%), from €790,139 to €715,191
- Profit (loss) carried forward +€36,439
up €36,439 (+33.6%), from €108,443 to €144,882
- Gross operating margin +€29,879
up €29,879 (+37.8%), from €79,007 to €108,886
- Taxes +€6,201
up €6,201 (+104.3%), from €5,945 to €12,146
- Depreciation +€3,454
up €3,454 (+10.1%), from €34,208 to €37,663
- Financial income -€1,991
down €1,991 (-67.9%), from €2,930 to €940
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 | €1,168,441 | €1,135,120 | -€33,321 | -2.9% |
| Fixed assets | 21/28 | €1,105,434 | €1,074,185 | -€31,250 | -2.8% |
| Tangible fixed assets | 22/27 | €1,085,434 | €1,054,185 | -€31,250 | -2.9% |
| Land and buildings | 22 | €1,085,434 | €1,054,185 | -€31,250 | -2.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €63,007 | €60,935 | -€2,071 | -3.3% |
| Amounts receivable within one year | 40/41 | €52,327 | €9,989 | -€42,337 | -80.9% |
| Trade receivables | 40 | €2,930 | €935 | -€1,996 | -68.1% |
| Other amounts receivable | 41 | €49,396 | €9,055 | -€40,342 | -81.7% |
| Cash at bank and in hand | 54/58 | €10,680 | €50,861 | +€40,181 | +376.2% |
| Deferred charges and accrued income | 490/1 | - | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €1,168,441 | €1,135,120 | -€33,321 | -2.9% |
| Equity | 10/15 | €280,397 | €316,836 | +€36,439 | +13.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €109,954 | €109,954 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,754 | €3,754 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,443 | €144,882 | +€36,439 | +33.6% |
| Amounts payable | 17/49 | €888,044 | €818,284 | -€69,760 | -7.9% |
| Amounts payable after more than one year | 17 | €790,139 | €715,191 | -€74,947 | -9.5% |
| Financial debts | 170/4 | €790,139 | €715,191 | -€74,947 | -9.5% |
| Amounts payable within one year | 42/48 | €81,222 | €90,751 | +€9,529 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €60,957 | €68,340 | +€7,383 | +12.1% |
| Taxes, remuneration and social security | 45 | - | €2,146 | +€2,146 | |
| Taxes | 450/3 | - | €2,146 | +€2,146 | |
| Other amounts payable | 47/48 | €20,265 | €20,265 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,684 | €12,342 | -€4,342 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,208 | €37,663 | +€3,454 | +10.1% |
| Other operating charges | 640/8 | €13,669 | €14,089 | +€420 | +3.1% |
| Gross operating margin | 9900 | €79,007 | €108,886 | +€29,879 | +37.8% |
| Operating profit (loss) | 9901 | €31,130 | €57,134 | +€26,004 | +83.5% |
| Financial income | 75/76B | €2,930 | €940 | -€1,991 | -67.9% |
| Recurring financial income | 75 | €2,930 | €940 | -€1,991 | -67.9% |
| Financial charges | 65/66B | €10,279 | €9,489 | -€791 | -7.7% |
| Recurring financial charges | 65 | €10,279 | €9,489 | -€791 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €23,781 | €48,585 | +€24,804 | +104.3% |
| Income taxes | 67/77 | €5,945 | €12,146 | +€6,201 | +104.3% |
| Profit (loss) for the period | 9904 | €17,836 | €36,439 | +€18,603 | +104.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,836 | €36,439 | +€18,603 | +104.3% |
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 1 October 2026 via checked.be.