CAMTEL: 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.
CAMTEL
Largest movements
- Receivables after one year -€85,336
down €85,336 (-50.7%), from €168,364 to €83,028
- Tangible fixed assets +€59,736
up €59,736 (+645.2%), from €9,259 to €68,995
of which Furniture and vehicles: +€60,146
- Deferred charges and accrued income +€16,479
up €16,479 (+722.0%), from €2,283 to €18,761
- Receivables within one year +€15,137
up €15,137 (+138.1%), from €10,959 to €26,096
of which Other amounts receivable: +€12,099
- Reserves +€23,000
up €23,000 (+16.3%), from €140,939 to €163,939
- Debts after one year -€8,085
down €8,085 (-18.1%), from €44,685 to €36,600
- Current portion of long-term debt -€5,771
down €5,771 (-30.1%), from €19,171 to €13,400
- Trade debts -€4,851
down €4,851 (-35.5%), from €13,668 to €8,817
- Other operating charges -€10,928
down €10,928 (-77.2%), from €14,156 to €3,228
- Depreciation -€4,799
down €4,799 (-48.7%), from €9,852 to €5,053
- Gross operating margin -€1,949
down €1,949 (-4.8%), from €40,431 to €38,482
- Taxes -€833
down €833, from €323 to -€511
- Staff costs -€804
down €804 (-24.8%), from €3,238 to €2,434
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 | €202,329 | €206,855 | +€4,526 | +2.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,319 | €69,055 | +€59,736 | +641.0% |
| Tangible fixed assets | 22/27 | €9,259 | €68,995 | +€59,736 | +645.2% |
| Plant, machinery and equipment | 23 | €478 | €68 | -€410 | -85.7% |
| Furniture and vehicles | 24 | €8,781 | €68,927 | +€60,146 | +685.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €193,010 | €137,800 | -€55,210 | -28.6% |
| Amounts receivable after more than one year | 29 | €168,364 | €83,028 | -€85,336 | -50.7% |
| Other amounts receivable | 291 | €168,364 | €83,028 | -€85,336 | -50.7% |
| Stocks and contracts in progress | 3 | €2,500 | €2,625 | +€125 | +5.0% |
| Stocks | 30/36 | €2,500 | €2,625 | +€125 | +5.0% |
| Amounts receivable within one year | 40/41 | €10,959 | €26,096 | +€15,137 | +138.1% |
| Trade receivables | 40 | €10,959 | €13,997 | +€3,038 | +27.7% |
| Other amounts receivable | 41 | - | €12,099 | +€12,099 | |
| Cash at bank and in hand | 54/58 | €8,904 | €7,290 | -€1,614 | -18.1% |
| Deferred charges and accrued income | 490/1 | €2,283 | €18,761 | +€16,479 | +722.0% |
| Total equity and liabilities | 10/49 | €202,329 | €206,855 | +€4,526 | +2.2% |
| Equity | 10/15 | €121,752 | €145,502 | +€23,750 | +19.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €140,939 | €163,939 | +€23,000 | +16.3% |
| Distributable reserves | 133 | €140,939 | €163,939 | +€23,000 | +16.3% |
| Profit (loss) carried forward | 14 | -€21,687 | -€20,937 | +€750 | +3.5% |
| Amounts payable | 17/49 | €80,577 | €61,353 | -€19,223 | -23.9% |
| Amounts payable after more than one year | 17 | €44,685 | €36,600 | -€8,085 | -18.1% |
| Financial debts | 170/4 | €44,685 | €36,600 | -€8,085 | -18.1% |
| Amounts payable within one year | 42/48 | €35,891 | €24,753 | -€11,138 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €19,171 | €13,400 | -€5,771 | -30.1% |
| Trade debts | 44 | €13,668 | €8,817 | -€4,851 | -35.5% |
| Suppliers | 440/4 | €13,668 | €8,817 | -€4,851 | -35.5% |
| Taxes, remuneration and social security | 45 | €3,032 | €2,300 | -€732 | -24.1% |
| Taxes | 450/3 | €3,032 | €2,300 | -€732 | -24.1% |
| Other amounts payable | 47/48 | €21 | €237 | +€216 | +1029.5% |
| Remuneration, social security and pensions | 62 | €3,238 | €2,434 | -€804 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,852 | €5,053 | -€4,799 | -48.7% |
| Other operating charges | 640/8 | €14,156 | €3,228 | -€10,928 | -77.2% |
| Gross operating margin | 9900 | €40,431 | €38,482 | -€1,949 | -4.8% |
| Operating profit (loss) | 9901 | €13,185 | €27,767 | +€14,582 | +110.6% |
| Financial charges | 65/66B | €3,793 | €4,528 | +€735 | +19.4% |
| Recurring financial charges | 65 | €3,793 | €4,528 | +€735 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €9,393 | €23,239 | +€13,846 | +147.4% |
| Income taxes | 67/77 | €323 | -€511 | -€833 | |
| Profit (loss) for the period | 9904 | €9,070 | €23,750 | +€14,680 | +161.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,070 | €23,750 | +€14,680 | +161.8% |
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.