KAMELEIN: 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.
KAMELEIN
Largest movements
- Financial fixed assets -€20,000
down €20,000 (-62.5%), from €32,000 to €12,000
- Cash +€19,243
up €19,243 (+354.8%), from €5,424 to €24,667
mainly Investment in fixed assets (net) (+€22,234) and Net result for the year (+€14,642)
- Deferred charges and accrued income +€7,307
up €7,307 (+8239.0%), from €89 to €7,396
- Tangible fixed assets -€6,893
down €6,893 (-74.9%), from €9,205 to €2,312
of which Furniture and vehicles: -€6,789
- Receivables within one year -€5,986
down €5,986 (-29.3%), from €20,421 to €14,435
of which Trade receivables: -€7,038
- Current portion of long-term debt -€10,638
down €10,638 (-76.4%), from €13,917 to €3,279
- Other debts +€5,745
up €5,745 (+105.7%), from €5,437 to €11,182
- Debts after one year -€3,279
no longer reported in 2025 (was €3,279)
- Profit (loss) carried forward +€2,877
up €2,877 (+24.8%), from €11,620 to €14,497
- Trade debts -€2,082
down €2,082 (-23.0%), from €9,038 to €6,957
- Gross operating margin +€6,409
up €6,409 (+24.6%), from €26,040 to €32,449
- Depreciation -€3,808
down €3,808 (-40.0%), from €9,514 to €5,706
- Financial income +€2,246
up €2,246 (+15319.5%), from €15 to €2,261
of which Non-recurring financial income: +€2,261
- Taxes -€1,340
down €1,340 (-21.4%), from €6,274 to €4,935
- Financial charges -€564
down €564 (-43.6%), from €1,294 to €729
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 | €71,264 | €63,889 | -€7,375 | -10.3% |
| Fixed assets | 21/28 | €45,330 | €17,390 | -€27,940 | -61.6% |
| Intangible fixed assets | 21 | €4,125 | €3,078 | -€1,047 | -25.4% |
| Tangible fixed assets | 22/27 | €9,205 | €2,312 | -€6,893 | -74.9% |
| Plant, machinery and equipment | 23 | €104 | - | -€104 | |
| Furniture and vehicles | 24 | €9,101 | €2,312 | -€6,789 | -74.6% |
| Financial fixed assets | 28 | €32,000 | €12,000 | -€20,000 | -62.5% |
| Current assets | 29/58 | €25,934 | €46,499 | +€20,565 | +79.3% |
| Amounts receivable within one year | 40/41 | €20,421 | €14,435 | -€5,986 | -29.3% |
| Trade receivables | 40 | €20,408 | €13,370 | -€7,038 | -34.5% |
| Other amounts receivable | 41 | €13 | €1,065 | +€1,052 | +7928.3% |
| Cash at bank and in hand | 54/58 | €5,424 | €24,667 | +€19,243 | +354.8% |
| Deferred charges and accrued income | 490/1 | €89 | €7,396 | +€7,307 | +8239.0% |
| Total equity and liabilities | 10/49 | €71,264 | €63,889 | -€7,375 | -10.3% |
| Equity | 10/15 | €24,620 | €27,497 | +€2,877 | +11.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,620 | €14,497 | +€2,877 | +24.8% |
| Amounts payable | 17/49 | €46,645 | €36,392 | -€10,253 | -22.0% |
| Amounts payable after more than one year | 17 | €3,279 | - | -€3,279 | |
| Financial debts | 170/4 | €3,279 | - | -€3,279 | |
| Amounts payable within one year | 42/48 | €43,354 | €36,392 | -€6,962 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €13,917 | €3,279 | -€10,638 | -76.4% |
| Trade debts | 44 | €9,038 | €6,957 | -€2,082 | -23.0% |
| Suppliers | 440/4 | €9,038 | €6,957 | -€2,082 | -23.0% |
| Taxes, remuneration and social security | 45 | €14,961 | €14,974 | +€13 | +0.1% |
| Taxes | 450/3 | €14,961 | €14,974 | +€13 | +0.1% |
| Other amounts payable | 47/48 | €5,437 | €11,182 | +€5,745 | +105.7% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Non-recurring operating income | 76A | - | €11,103 | +€11,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,514 | €5,706 | -€3,808 | -40.0% |
| Other operating charges | 640/8 | €223 | €660 | +€437 | +196.4% |
| Non-recurring operating charges | 66A | - | €8,038 | +€8,038 | |
| Gross operating margin | 9900 | €26,040 | €32,449 | +€6,409 | +24.6% |
| Operating profit (loss) | 9901 | €16,303 | €18,046 | +€1,743 | +10.7% |
| Financial income | 75/76B | €15 | €2,261 | +€2,246 | +15319.5% |
| Recurring financial income | 75 | €15 | €2,261 | +€2,246 | +15319.5% |
| Non-recurring financial income | 76B | - | €2,261 | +€2,261 | |
| Financial charges | 65/66B | €1,294 | €729 | -€564 | -43.6% |
| Recurring financial charges | 65 | €1,294 | €729 | -€564 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €15,024 | €19,577 | +€4,553 | +30.3% |
| Income taxes | 67/77 | €6,274 | €4,935 | -€1,340 | -21.4% |
| Profit (loss) for the period | 9904 | €8,750 | €14,642 | +€5,892 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,750 | €14,642 | +€5,892 | +67.3% |
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.