CAMO: 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.
CAMO
Largest movements
- Cash +€19,096
up €19,096 (+14.1%), from €135,017 to €154,113
mainly Net result for the year (+€19,595) and Trade debts (+€14,633)
- Tangible fixed assets -€5,979
down €5,979 (-20.4%), from €29,376 to €23,397
- Stocks and contracts +€2,513
up €2,513 (+12.9%), from €19,537 to €22,050
- Tax, wage and social debts -€15,907
no longer reported in 2025 (was €15,907)
- Trade debts +€14,633
up €14,633 (+2091.9%), from €700 to €15,333
- Reserves +€10,000
up €10,000 (+10.8%), from €93,000 to €103,000
- Profit (loss) carried forward +€7,929
up €7,929 (+27.6%), from €28,687 to €36,616
- Gross operating margin +€11,850
up €11,850 (+47.3%), from €25,065 to €36,915
- Depreciation +€5,459
up €5,459 (+1049.2%), from €520 to €5,979
- Taxes +€1,488
up €1,488 (+15.8%), from €9,403 to €10,891
- Financial income -€507
down €507 (-38.0%), from €1,333 to €827
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 | €189,331 | €206,053 | +€16,722 | +8.8% |
| Fixed assets | 21/28 | €30,536 | €24,557 | -€5,979 | -19.6% |
| Tangible fixed assets | 22/27 | €29,376 | €23,397 | -€5,979 | -20.4% |
| Furniture and vehicles | 24 | €29,376 | €23,397 | -€5,979 | -20.4% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €158,795 | €181,496 | +€22,701 | +14.3% |
| Stocks and contracts in progress | 3 | €19,537 | €22,050 | +€2,513 | +12.9% |
| Stocks | 30/36 | €19,537 | €22,050 | +€2,513 | +12.9% |
| Amounts receivable within one year | 40/41 | €4,022 | €4,533 | +€511 | +12.7% |
| Other amounts receivable | 41 | €4,022 | €4,533 | +€511 | +12.7% |
| Cash at bank and in hand | 54/58 | €135,017 | €154,113 | +€19,096 | +14.1% |
| Deferred charges and accrued income | 490/1 | €219 | €800 | +€581 | +264.9% |
| Total equity and liabilities | 10/49 | €189,331 | €206,053 | +€16,722 | +8.8% |
| Equity | 10/15 | €171,125 | €189,054 | +€17,929 | +10.5% |
| Contributions | 10/11 | €49,439 | €49,439 | = | 0.0% |
| Reserves | 13 | €93,000 | €103,000 | +€10,000 | +10.8% |
| Distributable reserves | 133 | €93,000 | €103,000 | +€10,000 | +10.8% |
| Profit (loss) carried forward | 14 | €28,687 | €36,616 | +€7,929 | +27.6% |
| Amounts payable | 17/49 | €18,206 | €16,999 | -€1,207 | -6.6% |
| Amounts payable within one year | 42/48 | €18,206 | €16,999 | -€1,207 | -6.6% |
| Trade debts | 44 | €700 | €15,333 | +€14,633 | +2091.9% |
| Suppliers | 440/4 | €700 | €15,333 | +€14,633 | +2091.9% |
| Taxes, remuneration and social security | 45 | €15,907 | - | -€15,907 | |
| Taxes | 450/3 | €15,907 | - | -€15,907 | |
| Other amounts payable | 47/48 | €1,600 | €1,666 | +€66 | +4.1% |
| Non-recurring operating income | 76A | €386 | - | -€386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €5,979 | +€5,459 | +1049.2% |
| Other operating charges | 640/8 | - | €21 | +€21 | |
| Gross operating margin | 9900 | €25,065 | €36,915 | +€11,850 | +47.3% |
| Operating profit (loss) | 9901 | €24,545 | €30,915 | +€6,370 | +26.0% |
| Financial income | 75/76B | €1,333 | €827 | -€507 | -38.0% |
| Recurring financial income | 75 | €1,333 | €827 | -€507 | -38.0% |
| Financial charges | 65/66B | €1,206 | €1,256 | +€50 | +4.1% |
| Recurring financial charges | 65 | €1,206 | €1,256 | +€50 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €24,672 | €30,486 | +€5,814 | +23.6% |
| Income taxes | 67/77 | €9,403 | €10,891 | +€1,488 | +15.8% |
| Profit (loss) for the period | 9904 | €15,269 | €19,595 | +€4,326 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,269 | €19,595 | +€4,326 | +28.3% |
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 5 October 2026 via checked.be.