CAMSPECTOR: 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.
CAMSPECTOR
Largest movements
- Cash +€151,172
up €151,172 (+251.7%), from €60,057 to €211,230
mainly Net result for the year (+€90,511) and Receivables within one year (+€43,378)
- Receivables within one year -€43,378
down €43,378 (-28.6%), from €151,441 to €108,064
of which Trade receivables: -€38,678
- Deferred charges and accrued income +€9,993
up €9,993 (+182.3%), from €5,481 to €15,474
- Tangible fixed assets +€7,203
up €7,203 (+71.0%), from €10,138 to €17,340
of which Plant, machinery and equipment: +€9,446
- Profit (loss) carried forward +€90,511
up €90,511 (+117.0%), from €77,390 to €167,901
- Trade debts +€34,289
up €34,289 (+25.0%), from €137,256 to €171,546
- Gross operating margin +€46,529
up €46,529 (+58.1%), from €80,035 to €126,565
- Taxes +€11,685
up €11,685 (+63.1%), from €18,505 to €30,190
- Depreciation -€1,934
down €1,934 (-25.2%), from €7,667 to €5,732
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 | €227,117 | €352,108 | +€124,991 | +55.0% |
| Fixed assets | 21/28 | €10,138 | €17,340 | +€7,203 | +71.0% |
| Tangible fixed assets | 22/27 | €10,138 | €17,340 | +€7,203 | +71.0% |
| Plant, machinery and equipment | 23 | €4,285 | €13,731 | +€9,446 | +220.5% |
| Furniture and vehicles | 24 | €5,853 | €3,610 | -€2,243 | -38.3% |
| Current assets | 29/58 | €216,979 | €334,768 | +€117,788 | +54.3% |
| Amounts receivable within one year | 40/41 | €151,441 | €108,064 | -€43,378 | -28.6% |
| Trade receivables | 40 | €115,480 | €76,802 | -€38,678 | -33.5% |
| Other amounts receivable | 41 | €35,961 | €31,262 | -€4,700 | -13.1% |
| Cash at bank and in hand | 54/58 | €60,057 | €211,230 | +€151,172 | +251.7% |
| Deferred charges and accrued income | 490/1 | €5,481 | €15,474 | +€9,993 | +182.3% |
| Total equity and liabilities | 10/49 | €227,117 | €352,108 | +€124,991 | +55.0% |
| Equity | 10/15 | €86,350 | €176,861 | +€90,511 | +104.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,760 | €2,760 | = | 0.0% |
| Distributable reserves | 133 | €2,760 | €2,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,390 | €167,901 | +€90,511 | +117.0% |
| Amounts payable | 17/49 | €140,767 | €175,247 | +€34,479 | +24.5% |
| Amounts payable within one year | 42/48 | €140,767 | €175,247 | +€34,479 | +24.5% |
| Trade debts | 44 | €137,256 | €171,546 | +€34,289 | +25.0% |
| Suppliers | 440/4 | €137,256 | €171,546 | +€34,289 | +25.0% |
| Taxes, remuneration and social security | 45 | €3,505 | €3,695 | +€190 | +5.4% |
| Taxes | 450/3 | €3,505 | €3,695 | +€190 | +5.4% |
| Other amounts payable | 47/48 | €6 | €6 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,667 | €5,732 | -€1,934 | -25.2% |
| Other operating charges | 640/8 | - | €59 | +€59 | |
| Gross operating margin | 9900 | €80,035 | €126,565 | +€46,529 | +58.1% |
| Operating profit (loss) | 9901 | €72,369 | €120,773 | +€48,405 | +66.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €58 | €72 | +€14 | +25.0% |
| Recurring financial charges | 65 | €58 | €72 | +€14 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €72,311 | €120,702 | +€48,391 | +66.9% |
| Income taxes | 67/77 | €18,505 | €30,190 | +€11,685 | +63.1% |
| Profit (loss) for the period | 9904 | €53,806 | €90,511 | +€36,705 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,806 | €90,511 | +€36,705 | +68.2% |
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 5 October 2026 via checked.be.