D.S.Camel: 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.
D.S.Camel
Largest movements
- Receivables within one year +€132,112
up €132,112 (+236.6%), from €55,842 to €187,954
- Cash +€37,197
up €37,197 (+121.1%), from €30,725 to €67,922
mainly Net result for the year (+€148,517) and Tax, wage and social debts (+€36,368)
- Deferred charges and accrued income -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward +€128,517
up €128,517 (+263.4%), from €48,792 to €177,310
- Tax, wage and social debts +€36,368
up €36,368 (+111.0%), from €32,761 to €69,129
- Trade debts -€4,981
down €4,981 (-48.6%), from €10,249 to €5,267
- Accrued charges and deferred income +€3,124
new in 2025: €3,124
- Gross operating margin +€104,516
up €104,516 (+109.8%), from €95,151 to €199,667
- Taxes +€24,882
up €24,882 (+104.7%), from €23,761 to €48,642
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 | €94,301 | €257,330 | +€163,028 | +172.9% |
| Fixed assets | 21/28 | €2,735 | €1,454 | -€1,281 | -46.8% |
| Tangible fixed assets | 22/27 | €2,735 | €1,454 | -€1,281 | -46.8% |
| Furniture and vehicles | 24 | €722 | - | -€722 | |
| Other tangible fixed assets | 26 | €2,013 | €1,454 | -€559 | -27.8% |
| Current assets | 29/58 | €91,567 | €255,876 | +€164,309 | +179.4% |
| Amounts receivable within one year | 40/41 | €55,842 | €187,954 | +€132,112 | +236.6% |
| Other amounts receivable | 41 | €55,842 | €187,954 | +€132,112 | +236.6% |
| Cash at bank and in hand | 54/58 | €30,725 | €67,922 | +€37,197 | +121.1% |
| Deferred charges and accrued income | 490/1 | €5,000 | - | -€5,000 | |
| Total equity and liabilities | 10/49 | €94,301 | €257,330 | +€163,028 | +172.9% |
| Equity | 10/15 | €51,292 | €179,810 | +€128,517 | +250.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,792 | €177,310 | +€128,517 | +263.4% |
| Amounts payable | 17/49 | €43,009 | €77,520 | +€34,511 | +80.2% |
| Amounts payable within one year | 42/48 | €43,009 | €74,396 | +€31,387 | +73.0% |
| Trade debts | 44 | €10,249 | €5,267 | -€4,981 | -48.6% |
| Suppliers | 440/4 | €10,249 | €5,267 | -€4,981 | -48.6% |
| Taxes, remuneration and social security | 45 | €32,761 | €69,129 | +€36,368 | +111.0% |
| Taxes | 450/3 | €32,761 | €69,129 | +€36,368 | +111.0% |
| Accrued charges and deferred income | 492/3 | - | €3,124 | +€3,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €1,281 | -€243 | -16.0% |
| Other operating charges | 640/8 | €497 | €775 | +€277 | +55.8% |
| Non-recurring operating charges | 66A | €2,253 | - | -€2,253 | |
| Gross operating margin | 9900 | €95,151 | €199,667 | +€104,516 | +109.8% |
| Operating profit (loss) | 9901 | €90,876 | €197,612 | +€106,736 | +117.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +166.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +166.7% |
| Financial charges | 65/66B | €665 | €452 | -€213 | -32.0% |
| Recurring financial charges | 65 | €665 | €452 | -€213 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €90,211 | €197,160 | +€106,949 | +118.6% |
| Income taxes | 67/77 | €23,761 | €48,642 | +€24,882 | +104.7% |
| Profit (loss) for the period | 9904 | €66,450 | €148,517 | +€82,067 | +123.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,450 | €148,517 | +€82,067 | +123.5% |
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 10 October 2026 via checked.be.