CAMSITS: 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.
CAMSITS
Largest movements
- Receivables within one year +€42,202
up €42,202 (+29.8%), from €141,780 to €183,982
of which Other amounts receivable: +€39,108
- Tangible fixed assets -€15,483
no longer reported in 2025 (was €15,483)
- Current investments +€12,195
new in 2025: €12,195
- Cash +€6,509
up €6,509 (+754.8%), from €862 to €7,372
mainly Net result for the year (+€89,893) and Tax, wage and social debts (+€22,573)
- Reserves +€32,876
up €32,876 (+27.3%), from €120,501 to €153,377
- Tax, wage and social debts +€22,573
up €22,573 (+123.2%), from €18,324 to €40,897
- Current portion of long-term debt -€9,412
no longer reported in 2025 (was €9,412)
- Gross operating margin +€33,292
up €33,292 (+33.9%), from €98,257 to €131,549
- Depreciation -€17,404
down €17,404 (-99.1%), from €17,562 to €158
- Taxes +€15,293
up €15,293 (+67.6%), from €22,610 to €37,902
- Other operating charges +€1,929
up €1,929 (+214.6%), from €899 to €2,827
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 | €158,126 | €203,549 | +€45,423 | +28.7% |
| Fixed assets | 21/28 | €15,483 | - | -€15,483 | |
| Tangible fixed assets | 22/27 | €15,483 | - | -€15,483 | |
| Furniture and vehicles | 24 | €15,483 | - | -€15,483 | |
| Current assets | 29/58 | €142,642 | €203,549 | +€60,906 | +42.7% |
| Amounts receivable within one year | 40/41 | €141,780 | €183,982 | +€42,202 | +29.8% |
| Trade receivables | 40 | €24,409 | €27,503 | +€3,094 | +12.7% |
| Other amounts receivable | 41 | €117,371 | €156,479 | +€39,108 | +33.3% |
| Current investments | 50/53 | - | €12,195 | +€12,195 | |
| Cash at bank and in hand | 54/58 | €862 | €7,372 | +€6,509 | +754.8% |
| Total equity and liabilities | 10/49 | €158,126 | €203,549 | +€45,423 | +28.7% |
| Equity | 10/15 | €125,501 | €158,377 | +€32,876 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,501 | €153,377 | +€32,876 | +27.3% |
| Distributable reserves | 133 | €120,501 | €153,377 | +€32,876 | +27.3% |
| Amounts payable | 17/49 | €32,625 | €45,172 | +€12,547 | +38.5% |
| Amounts payable within one year | 42/48 | €32,625 | €45,172 | +€12,547 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €9,412 | - | -€9,412 | |
| Trade debts | 44 | €4,888 | €4,274 | -€614 | -12.6% |
| Suppliers | 440/4 | €4,888 | €4,274 | -€614 | -12.6% |
| Taxes, remuneration and social security | 45 | €18,324 | €40,897 | +€22,573 | +123.2% |
| Taxes | 450/3 | €18,324 | €40,897 | +€22,573 | +123.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,562 | €158 | -€17,404 | -99.1% |
| Other operating charges | 640/8 | €899 | €2,827 | +€1,929 | +214.6% |
| Gross operating margin | 9900 | €98,257 | €131,549 | +€33,292 | +33.9% |
| Operating profit (loss) | 9901 | €79,796 | €128,564 | +€48,768 | +61.1% |
| Financial charges | 65/66B | €1,263 | €769 | -€494 | -39.1% |
| Recurring financial charges | 65 | €1,263 | €769 | -€494 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €78,533 | €127,795 | +€49,262 | +62.7% |
| Income taxes | 67/77 | €22,610 | €37,902 | +€15,293 | +67.6% |
| Profit (loss) for the period | 9904 | €55,924 | €89,893 | +€33,969 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,924 | €89,893 | +€33,969 | +60.7% |
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 9 October 2026 via checked.be.