J.CAMUS: 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.
J.CAMUS
Largest movements
- Cash +€22,886
up €22,886 (+107%), from €21,487 to €44,374
mainly Net result for the year (+€14,688) and Receivables within one year (+€14,372)
- Receivables within one year -€14,372
down €14,372 (-22.4%), from €64,159 to €49,787
of which Other amounts receivable: -€14,854
- Tangible fixed assets -€12,774
down €12,774 (-22.4%), from €57,094 to €44,320
of which Other tangible fixed assets: -€6,485
- Stocks and contracts +€10,217
up €10,217 (+16.1%), from €63,575 to €73,791
- Profit (loss) carried forward +€14,688
up €14,688 (+659%), from €2,229 to €16,918
- Debts after one year -€10,892
down €10,892 (-32.9%), from €33,154 to €22,261
of which Financial debts: -€10,892
- Current portion of long-term debt -€8,101
down €8,101 (-42.7%), from €18,993 to €10,892
- Tax, wage and social debts +€7,785
up €7,785 (+132%), from €5,886 to €13,671
of which Taxes: +€5,838
- Other debts +€2,874
up €2,874 (+194%), from €1,479 to €4,353
- Gross operating margin +€31,371
up €31,371 (+78.7%), from €39,847 to €71,219
- Staff costs +€9,769
up €9,769 (+42.6%), from €22,916 to €32,686
- Depreciation +€3,825
up €3,825 (+38.3%), from €9,995 to €13,820
- Taxes +€3,381
up €3,381 (+419%), from €807 to €4,188
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.
Derived cash bridge
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 | €211,614 | €217,943 | +€6,329 | +3.0% |
| Fixed assets | 21/28 | €60,873 | €48,009 | -€12,863 | -21.1% |
| Intangible fixed assets | 21 | €353 | €264 | -€89 | -25.2% |
| Tangible fixed assets | 22/27 | €57,094 | €44,320 | -€12,774 | -22.4% |
| Plant, machinery and equipment | 23 | €1,281 | €1,206 | -€75 | -5.8% |
| Furniture and vehicles | 24 | €10,640 | €4,425 | -€6,214 | -58.4% |
| Other tangible fixed assets | 26 | €45,174 | €38,689 | -€6,485 | -14.4% |
| Financial fixed assets | 28 | €3,425 | €3,425 | = | 0.0% |
| Current assets | 29/58 | €150,741 | €169,933 | +€19,192 | +12.7% |
| Stocks and contracts in progress | 3 | €63,575 | €73,791 | +€10,217 | +16.1% |
| Stocks | 30/36 | €63,575 | €73,791 | +€10,217 | +16.1% |
| Amounts receivable within one year | 40/41 | €64,159 | €49,787 | -€14,372 | -22.4% |
| Trade receivables | 40 | €47,140 | €47,622 | +€482 | +1.0% |
| Other amounts receivable | 41 | €17,019 | €2,166 | -€14,854 | -87.3% |
| Cash at bank and in hand | 54/58 | €21,487 | €44,374 | +€22,886 | +107% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,982 | +€461 | +30.4% |
| Total equity and liabilities | 10/49 | €211,614 | €217,943 | +€6,329 | +3.0% |
| Equity | 10/15 | €106,689 | €121,378 | +€14,688 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,860 | €85,860 | = | 0.0% |
| Distributable reserves | 133 | €85,860 | €85,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,229 | €16,918 | +€14,688 | +659% |
| Amounts payable | 17/49 | €104,924 | €96,565 | -€8,359 | -8.0% |
| Amounts payable after more than one year | 17 | €33,154 | €22,261 | -€10,892 | -32.9% |
| Financial debts | 170/4 | €17,154 | €6,261 | -€10,892 | -63.5% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,770 | €74,304 | +€2,533 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €18,993 | €10,892 | -€8,101 | -42.7% |
| Trade debts | 44 | €45,412 | €45,387 | -€26 | -0.1% |
| Suppliers | 440/4 | €45,412 | €45,387 | -€26 | -0.1% |
| Taxes, remuneration and social security | 45 | €5,886 | €13,671 | +€7,785 | +132% |
| Taxes | 450/3 | €385 | €6,223 | +€5,838 | +1,516% |
| Remuneration and social security | 454/9 | €5,501 | €7,449 | +€1,948 | +35.4% |
| Other amounts payable | 47/48 | €1,479 | €4,353 | +€2,874 | +194% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,246 | €722 | -€524 | -42.1% |
| Remuneration, social security and pensions | 62 | €22,916 | €32,686 | +€9,769 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,995 | €13,820 | +€3,825 | +38.3% |
| Other operating charges | 640/8 | €1,415 | €1,453 | +€38 | +2.7% |
| Gross operating margin | 9900 | €39,847 | €71,219 | +€31,371 | +78.7% |
| Operating profit (loss) | 9901 | €5,521 | €23,260 | +€17,739 | +321% |
| Financial income | 75/76B | €36 | €72 | +€36 | +102% |
| Recurring financial income | 75 | €36 | €72 | +€36 | +102% |
| Financial charges | 65/66B | €4,245 | €4,456 | +€210 | +5.0% |
| Recurring financial charges | 65 | €4,245 | €4,456 | +€210 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €1,312 | €18,876 | +€17,564 | +1,339% |
| Income taxes | 67/77 | €807 | €4,188 | +€3,381 | +419% |
| Profit (loss) for the period | 9904 | €505 | €14,688 | +€14,184 | +2,810% |
| Profit (loss) for the period to be appropriated | 9905 | €505 | €14,688 | +€14,184 | +2,810% |
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 22 October 2026 via checked.be.