CAMMOKOR: 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.
CAMMOKOR
Largest movements
- Current investments +€511,563
up €511,563 (+24.6%), from €2.1m to €2.6m
- Receivables after one year -€230,000
no longer reported in 2025 (was €230,000)
- Stocks and contracts -€167,860
down €167,860 (-45.1%), from €371,934 to €204,074
- Cash +€68,032
up €68,032 (+195%), from €34,935 to €102,967
mainly Receivables after one year (+€230,000) and Stocks and contracts (+€167,860)
- Reserves +€167,438
up €167,438 (+4.9%), from €3.5m to €3.6m
- Financial income +€96,900
up €96,900 (+121%), from €80,275 to €177,176
- Gross operating margin +€48,684
up €48,684, from -€5,153 to €43,530
- Taxes +€13,657
up €13,657 (+404%), from €3,381 to €17,038
- Financial charges -€1,936
down €1,936 (-31.1%), from €6,229 to €4,294
- Other operating charges +€739
up €739 (+11.8%), from €6,282 to €7,021
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,541,997 | €3,702,922 | +€160,924 | +4.5% |
| Fixed assets | 21/28 | €595,966 | €571,050 | -€24,916 | -4.2% |
| Tangible fixed assets | 22/27 | €514,526 | €489,610 | -€24,916 | -4.8% |
| Land and buildings | 22 | €504,090 | €488,292 | -€15,798 | -3.1% |
| Plant, machinery and equipment | 23 | €952 | €712 | -€240 | -25.2% |
| Furniture and vehicles | 24 | €9,484 | €607 | -€8,877 | -93.6% |
| Financial fixed assets | 28 | €81,440 | €81,440 | = | 0.0% |
| Current assets | 29/58 | €2,946,032 | €3,131,872 | +€185,840 | +6.3% |
| Amounts receivable after more than one year | 29 | €230,000 | - | -€230,000 | |
| Other amounts receivable | 291 | €230,000 | - | -€230,000 | |
| Stocks and contracts in progress | 3 | €371,934 | €204,074 | -€167,860 | -45.1% |
| Stocks | 30/36 | €371,934 | €204,074 | -€167,860 | -45.1% |
| Amounts receivable within one year | 40/41 | €225,362 | €227,102 | +€1,740 | +0.8% |
| Other amounts receivable | 41 | €225,362 | €227,102 | +€1,740 | +0.8% |
| Current investments | 50/53 | €2,083,379 | €2,594,941 | +€511,563 | +24.6% |
| Cash at bank and in hand | 54/58 | €34,935 | €102,967 | +€68,032 | +195% |
| Deferred charges and accrued income | 490/1 | €423 | €2,788 | +€2,365 | +559% |
| Total equity and liabilities | 10/49 | €3,541,997 | €3,702,922 | +€160,924 | +4.5% |
| Equity | 10/15 | €3,531,285 | €3,698,723 | +€167,438 | +4.7% |
| Contributions | 10/11 | €67,818 | €67,818 | = | 0.0% |
| Revaluation surpluses | 12 | €11,582 | €11,582 | = | 0.0% |
| Reserves | 13 | €3,451,885 | €3,619,322 | +€167,438 | +4.9% |
| Distributable reserves | 133 | €3,451,885 | €3,619,322 | +€167,438 | +4.9% |
| Amounts payable | 17/49 | €10,712 | €4,199 | -€6,513 | -60.8% |
| Amounts payable within one year | 42/48 | €10,712 | €4,199 | -€6,513 | -60.8% |
| Trade debts | 44 | €8,720 | €1,718 | -€7,001 | -80.3% |
| Suppliers | 440/4 | €8,720 | €1,718 | -€7,001 | -80.3% |
| Taxes, remuneration and social security | 45 | €1,790 | €2,470 | +€679 | +38.0% |
| Taxes | 450/3 | €1,790 | €2,470 | +€679 | +38.0% |
| Other amounts payable | 47/48 | €202 | €11 | -€191 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,962 | €24,916 | -€47 | -0.2% |
| Other operating charges | 640/8 | €6,282 | €7,021 | +€739 | +11.8% |
| Non-recurring operating charges | 66A | €3,394 | - | -€3,394 | |
| Gross operating margin | 9900 | -€5,153 | €43,530 | +€48,684 | |
| Operating profit (loss) | 9901 | -€39,791 | €11,594 | +€51,385 | |
| Financial income | 75/76B | €80,275 | €177,176 | +€96,900 | +121% |
| Recurring financial income | 75 | €80,275 | €177,176 | +€96,900 | +121% |
| Financial charges | 65/66B | €6,229 | €4,294 | -€1,936 | -31.1% |
| Recurring financial charges | 65 | €6,229 | €4,294 | -€1,936 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €34,255 | €184,476 | +€150,221 | +439% |
| Income taxes | 67/77 | €3,381 | €17,038 | +€13,657 | +404% |
| Profit (loss) for the period | 9904 | €30,874 | €167,438 | +€136,564 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €30,874 | €167,438 | +€136,564 | +442% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.