CAMUT: 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.
CAMUT
Largest movements
- Cash +€83,783
up €83,783 (+60.2%), from €139,274 to €223,057
mainly Net result for the year (+€265,333) and Other debts (+€252,478)
- Tangible fixed assets +€17,029
up €17,029 (+6.8%), from €248,994 to €266,023
of which Furniture and vehicles: +€17,300
- Deferred charges and accrued income +€16,180
up €16,180 (+32.0%), from €50,577 to €66,757
- Other debts +€252,478
up €252,478 (+61.9%), from €407,886 to €660,364
- Profit (loss) carried forward -€134,667
down €134,667 (-62.7%), from €214,888 to €80,221
- Gross operating margin +€94,839
up €94,839 (+5.0%), from €1.9m to €2.0m
- Staff costs +€55,758
up €55,758 (+4.3%), from €1.3m to €1.3m
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 | €1,010,938 | €1,133,065 | +€122,127 | +12.1% |
| Fixed assets | 21/28 | €272,481 | €289,915 | +€17,434 | +6.4% |
| Tangible fixed assets | 22/27 | €248,994 | €266,023 | +€17,029 | +6.8% |
| Plant, machinery and equipment | 23 | €272 | €0 | -€272 | -100.0% |
| Furniture and vehicles | 24 | €248,723 | €266,023 | +€17,300 | +7.0% |
| Financial fixed assets | 28 | €23,486 | €23,891 | +€405 | +1.7% |
| Current assets | 29/58 | €738,458 | €843,150 | +€104,693 | +14.2% |
| Amounts receivable within one year | 40/41 | €495,992 | €499,670 | +€3,678 | +0.7% |
| Trade receivables | 40 | €444,662 | €462,694 | +€18,032 | +4.1% |
| Other amounts receivable | 41 | €51,330 | €36,976 | -€14,354 | -28.0% |
| Current investments | 50/53 | €52,614 | €53,666 | +€1,052 | +2.0% |
| Cash at bank and in hand | 54/58 | €139,274 | €223,057 | +€83,783 | +60.2% |
| Deferred charges and accrued income | 490/1 | €50,577 | €66,757 | +€16,180 | +32.0% |
| Total equity and liabilities | 10/49 | €1,010,938 | €1,133,065 | +€122,127 | +12.1% |
| Equity | 10/15 | €410,788 | €276,121 | -€134,667 | -32.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €133,900 | €133,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,700 | €127,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,888 | €80,221 | -€134,667 | -62.7% |
| Amounts payable | 17/49 | €600,150 | €856,943 | +€256,793 | +42.8% |
| Amounts payable within one year | 42/48 | €600,150 | €856,943 | +€256,793 | +42.8% |
| Trade debts | 44 | €67,325 | €65,209 | -€2,116 | -3.1% |
| Suppliers | 440/4 | €67,325 | €65,209 | -€2,116 | -3.1% |
| Taxes, remuneration and social security | 45 | €124,939 | €131,371 | +€6,432 | +5.1% |
| Taxes | 450/3 | €17,702 | €17,514 | -€188 | -1.1% |
| Remuneration and social security | 454/9 | €107,237 | €113,856 | +€6,619 | +6.2% |
| Other amounts payable | 47/48 | €407,886 | €660,364 | +€252,478 | +61.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,290,348 | €1,346,106 | +€55,758 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,187 | €120,971 | -€11,216 | -8.5% |
| Other operating charges | 640/8 | €148,027 | €147,461 | -€566 | -0.4% |
| Non-recurring operating charges | 66A | €9,500 | - | -€9,500 | |
| Gross operating margin | 9900 | €1,879,031 | €1,973,870 | +€94,839 | +5.0% |
| Operating profit (loss) | 9901 | €298,969 | €359,332 | +€60,363 | +20.2% |
| Financial income | 75/76B | €15,957 | €1,678 | -€14,279 | -89.5% |
| Recurring financial income | 75 | €15,957 | €1,678 | -€14,279 | -89.5% |
| Financial charges | 65/66B | €1,202 | €4,943 | +€3,741 | +311.3% |
| Recurring financial charges | 65 | €1,202 | €4,943 | +€3,741 | +311.3% |
| Profit (loss) for the period before taxes | 9903 | €313,724 | €356,067 | +€42,343 | +13.5% |
| Income taxes | 67/77 | €80,727 | €90,733 | +€10,007 | +12.4% |
| Profit (loss) for the period | 9904 | €232,997 | €265,333 | +€32,336 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €232,997 | €265,333 | +€32,336 | +13.9% |
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.