Cammaert Tools: 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.
What changed
Cammaert Tools
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€152,775
2024 · €205,410-€52,635
Equity
€1.4m
2024 · €1.3m+€152,775
Cash
€793,847
2024 · €785,394+€8,454
Balance sheet total
€2.4m
2024 · €2.3m+€84,384
Largest movements
Assets
- Tangible fixed assets +€96,583
up €96,583 (+9.0%), from €1.1m to €1.2m
of which Land and buildings: +€609,077
Equity and liabilities
- Reserves +€152,775
up €152,775 (+12.4%), from €1.2m to €1.4m
- Debts after one year -€51,802
down €51,802 (-10.5%), from €491,691 to €439,889
- Trade debts -€32,201
down €32,201 (-35.7%), from €90,126 to €57,925
Income statement
- Gross operating margin -€91,197
down €91,197 (-12.6%), from €722,097 to €630,900
- Staff costs -€31,970
down €31,970 (-9.3%), from €344,317 to €312,348
- Depreciation +€31,526
up €31,526 (+91.8%), from €34,324 to €65,850
- Taxes -€29,131
down €29,131 (-28.4%), from €102,458 to €73,327
- Other operating charges -€9,590
down €9,590 (-75.6%), from €12,681 to €3,091
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.
Result 2024
€205,410
Gross operating margin
-€91,197
Staff costs
+€31,970
Depreciation
-€31,526
Other operating charges
+€9,590
Financial income
-€1,503
Financial charges
+€900
Taxes
+€29,131
Result 2025
€152,775
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€217,730
Investment
-€158,276
Financing
-€51,001
Cash 2024
€785,394
From operations (derived)
+€217,730
Net result for the year
+€152,775
Depreciation
+€65,850
Stocks and contracts
-€1,323
Receivables within one year
+€18,078
Smaller working-capital items
-€219
Trade debts
-€32,201
Other debts
+€14,770
Investment (derived)
-€158,276
Investment in fixed assets (net)
-€158,276
Financing
-€51,001
Debts after one year
-€51,802
Current portion of long-term debt
+€801
Cash 2025
€793,847
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,311,724 | €2,396,108 | +€84,384 | +3.7% |
| Fixed assets | 21/28 | €1,079,578 | €1,172,004 | +€92,426 | +8.6% |
| Intangible fixed assets | 21 | €4,945 | €788 | -€4,156 | -84.1% |
| Tangible fixed assets | 22/27 | €1,073,990 | €1,170,573 | +€96,583 | +9.0% |
| Land and buildings | 22 | €423,801 | €1,032,878 | +€609,077 | +144% |
| Plant, machinery and equipment | 23 | €12,827 | €8,233 | -€4,594 | -35.8% |
| Furniture and vehicles | 24 | €6,414 | €41,549 | +€35,135 | +548% |
| Leasing and similar rights | 25 | €8,582 | €19,159 | +€10,577 | +123% |
| Other tangible fixed assets | 26 | €76,886 | €68,754 | -€8,132 | -10.6% |
| Assets under construction and advance payments | 27 | €545,481 | - | -€545,481 | |
| Financial fixed assets | 28 | €644 | €644 | = | 0.0% |
| Current assets | 29/58 | €1,232,146 | €1,224,104 | -€8,042 | -0.7% |
| Stocks and contracts in progress | 3 | €147,762 | €149,084 | +€1,323 | +0.9% |
| Stocks | 30/36 | €147,762 | €149,084 | +€1,323 | +0.9% |
| Amounts receivable within one year | 40/41 | €286,196 | €268,118 | -€18,078 | -6.3% |
| Trade receivables | 40 | €286,196 | €268,118 | -€18,078 | -6.3% |
| Cash at bank and in hand | 54/58 | €785,394 | €793,847 | +€8,454 | +1.1% |
| Deferred charges and accrued income | 490/1 | €12,795 | €13,054 | +€259 | +2.0% |
| Total equity and liabilities | 10/49 | €2,311,724 | €2,396,108 | +€84,384 | +3.7% |
| Equity | 10/15 | €1,250,585 | €1,403,360 | +€152,775 | +12.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,231,993 | €1,384,768 | +€152,775 | +12.4% |
| Distributable reserves | 133 | €1,231,993 | €1,384,768 | +€152,775 | +12.4% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Environmental obligations | 163 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,059,140 | €990,748 | -€68,392 | -6.5% |
| Amounts payable after more than one year | 17 | €491,691 | €439,889 | -€51,802 | -10.5% |
| Financial debts | 170/4 | €491,691 | €439,889 | -€51,802 | -10.5% |
| Amounts payable within one year | 42/48 | €567,448 | €550,859 | -€16,590 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €51,001 | €51,802 | +€801 | +1.6% |
| Trade debts | 44 | €90,126 | €57,925 | -€32,201 | -35.7% |
| Suppliers | 440/4 | €90,126 | €57,925 | -€32,201 | -35.7% |
| Advances received on contracts in progress | 46 | - | €21 | +€21 | |
| Taxes, remuneration and social security | 45 | €152,893 | €152,912 | +€19 | 0.0% |
| Taxes | 450/3 | €109,998 | €71,080 | -€38,919 | -35.4% |
| Remuneration and social security | 454/9 | €42,895 | €81,832 | +€38,937 | +90.8% |
| Other amounts payable | 47/48 | €273,429 | €288,199 | +€14,770 | +5.4% |
| Remuneration, social security and pensions | 62 | €344,317 | €312,348 | -€31,970 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,324 | €65,850 | +€31,526 | +91.8% |
| Other operating charges | 640/8 | €12,681 | €3,091 | -€9,590 | -75.6% |
| Gross operating margin | 9900 | €722,097 | €630,900 | -€91,197 | -12.6% |
| Operating profit (loss) | 9901 | €330,775 | €249,612 | -€81,163 | -24.5% |
| Financial income | 75/76B | €2,528 | €1,025 | -€1,503 | -59.4% |
| Recurring financial income | 75 | €2,528 | €1,025 | -€1,503 | -59.4% |
| Financial charges | 65/66B | €25,434 | €24,535 | -€900 | -3.5% |
| Recurring financial charges | 65 | €25,434 | €24,535 | -€900 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €307,869 | €226,102 | -€81,766 | -26.6% |
| Income taxes | 67/77 | €102,458 | €73,327 | -€29,131 | -28.4% |
| Profit (loss) for the period | 9904 | €205,410 | €152,775 | -€52,635 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €205,410 | €152,775 | -€52,635 | -25.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.