CAMSES: 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.
CAMSES
Largest movements
- Tangible fixed assets +€35,598
up €35,598 (+697.1%), from €5,107 to €40,705
of which Furniture and vehicles: +€35,885
- Receivables within one year -€25,800
down €25,800 (-34.7%), from €74,332 to €48,532
of which Trade receivables: -€22,801
- Debts after one year +€23,118
new in 2025: €23,118
- Profit (loss) carried forward -€20,769
down €20,769 (-33.1%), from €62,681 to €41,912
- Current portion of long-term debt +€5,536
new in 2025: €5,536
- Other debts +€2,000
up €2,000 (+694.3%), from €288 to €2,288
- Trade debts +€975
up €975 (+220.3%), from €443 to €1,418
- Gross operating margin -€5,949
down €5,949 (-10.6%), from €55,919 to €49,970
- Staff costs +€4,139
up €4,139 (+18.1%), from €22,894 to €27,034
- Depreciation -€1,567
down €1,567 (-35.0%), from €4,479 to €2,912
- Taxes -€1,122
down €1,122 (-21.2%), from €5,286 to €4,164
- Financial charges +€654
up €654 (+229.5%), from €285 to €939
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 | €84,078 | €95,050 | +€10,973 | +13.1% |
| Fixed assets | 21/28 | €5,107 | €40,705 | +€35,598 | +697.1% |
| Tangible fixed assets | 22/27 | €5,107 | €40,705 | +€35,598 | +697.1% |
| Plant, machinery and equipment | 23 | €4,636 | €4,349 | -€288 | -6.2% |
| Furniture and vehicles | 24 | €470 | €36,356 | +€35,885 | +7630.0% |
| Current assets | 29/58 | €78,971 | €54,346 | -€24,625 | -31.2% |
| Stocks and contracts in progress | 3 | €457 | €671 | +€214 | +46.9% |
| Stocks | 30/36 | €457 | €671 | +€214 | +46.9% |
| Amounts receivable within one year | 40/41 | €74,332 | €48,532 | -€25,800 | -34.7% |
| Trade receivables | 40 | €70,291 | €47,490 | -€22,801 | -32.4% |
| Other amounts receivable | 41 | €4,041 | €1,042 | -€3,000 | -74.2% |
| Cash at bank and in hand | 54/58 | €3,693 | €4,074 | +€381 | +10.3% |
| Deferred charges and accrued income | 490/1 | €489 | €1,069 | +€580 | +118.7% |
| Total equity and liabilities | 10/49 | €84,078 | €95,050 | +€10,973 | +13.1% |
| Equity | 10/15 | €67,681 | €46,912 | -€20,769 | -30.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,681 | €41,912 | -€20,769 | -33.1% |
| Amounts payable | 17/49 | €16,397 | €48,138 | +€31,742 | +193.6% |
| Amounts payable after more than one year | 17 | - | €23,118 | +€23,118 | |
| Financial debts | 170/4 | - | €23,118 | +€23,118 | |
| Amounts payable within one year | 42/48 | €16,397 | €25,020 | +€8,624 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,536 | +€5,536 | |
| Trade debts | 44 | €443 | €1,418 | +€975 | +220.3% |
| Suppliers | 440/4 | €443 | €1,418 | +€975 | +220.3% |
| Taxes, remuneration and social security | 45 | €15,666 | €15,779 | +€113 | +0.7% |
| Taxes | 450/3 | €10,844 | €11,265 | +€421 | +3.9% |
| Remuneration and social security | 454/9 | €4,822 | €4,514 | -€308 | -6.4% |
| Other amounts payable | 47/48 | €288 | €2,288 | +€2,000 | +694.3% |
| Remuneration, social security and pensions | 62 | €22,894 | €27,034 | +€4,139 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,479 | €2,912 | -€1,567 | -35.0% |
| Other operating charges | 640/8 | €670 | €691 | +€21 | +3.1% |
| Gross operating margin | 9900 | €55,919 | €49,970 | -€5,949 | -10.6% |
| Operating profit (loss) | 9901 | €27,876 | €19,334 | -€8,542 | -30.6% |
| Financial charges | 65/66B | €285 | €939 | +€654 | +229.5% |
| Recurring financial charges | 65 | €285 | €939 | +€654 | +229.5% |
| Profit (loss) for the period before taxes | 9903 | €27,591 | €18,395 | -€9,196 | -33.3% |
| Income taxes | 67/77 | €5,286 | €4,164 | -€1,122 | -21.2% |
| Profit (loss) for the period | 9904 | €22,305 | €14,231 | -€8,074 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,305 | €14,231 | -€8,074 | -36.2% |
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 7 October 2026 via checked.be.