KAMERA-TEAM: 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.
KAMERA-TEAM
Largest movements
- Receivables within one year +€20,180
up €20,180 (+46.7%), from €43,186 to €63,366
of which Trade receivables: +€17,703
- Cash +€11,945
up €11,945 (+11.6%), from €103,250 to €115,195
mainly Net result for the year (+€17,601) and Trade debts (+€16,584)
- Tangible fixed assets -€8,346
down €8,346 (-4.2%), from €196,929 to €188,582
of which Land and buildings: -€4,660
- Reserves +€17,601
up €17,601 (+13.2%), from €133,796 to €151,397
of which Distributable reserves: +€17,601
- Trade debts +€16,584
up €16,584 (+300%), from €5,529 to €22,114
- Tax, wage and social debts -€7,955
down €7,955 (-46.8%), from €16,998 to €9,043
of which Taxes: -€13,631
- Gross operating margin +€28,057
up €28,057 (+71.2%), from €39,382 to €67,439
- Staff costs +€18,399
new in 2025: €18,399
- Financial income -€2,406
down €2,406 (-61.4%), from €3,920 to €1,514
- Taxes +€1,871
up €1,871 (+25.1%), from €7,442 to €9,313
- Depreciation -€709
down €709 (-4.2%), from €17,084 to €16,374
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 | €422,327 | €446,935 | +€24,608 | +5.8% |
| Fixed assets | 21/28 | €216,929 | €208,582 | -€8,346 | -3.8% |
| Tangible fixed assets | 22/27 | €196,929 | €188,582 | -€8,346 | -4.2% |
| Land and buildings | 22 | €164,117 | €159,457 | -€4,660 | -2.8% |
| Furniture and vehicles | 24 | €32,811 | €29,125 | -€3,687 | -11.2% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €205,399 | €238,353 | +€32,954 | +16.0% |
| Amounts receivable after more than one year | 29 | €47,200 | €47,200 | = | 0.0% |
| Trade receivables | 290 | €47,200 | €47,200 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,778 | €4,428 | -€350 | -7.3% |
| Stocks | 30/36 | €4,778 | €4,428 | -€350 | -7.3% |
| Amounts receivable within one year | 40/41 | €43,186 | €63,366 | +€20,180 | +46.7% |
| Trade receivables | 40 | €36,484 | €54,187 | +€17,703 | +48.5% |
| Other amounts receivable | 41 | €6,701 | €9,178 | +€2,477 | +37.0% |
| Cash at bank and in hand | 54/58 | €103,250 | €115,195 | +€11,945 | +11.6% |
| Deferred charges and accrued income | 490/1 | €6,985 | €8,164 | +€1,179 | +16.9% |
| Total equity and liabilities | 10/49 | €422,327 | €446,935 | +€24,608 | +5.8% |
| Equity | 10/15 | €254,974 | €272,576 | +€17,601 | +6.9% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €133,796 | €151,397 | +€17,601 | +13.2% |
| Tax-exempt reserves | 132 | €12,587 | €12,587 | = | 0.0% |
| Distributable reserves | 133 | €121,209 | €138,810 | +€17,601 | +14.5% |
| Profit (loss) carried forward | 14 | €80,276 | €80,276 | +€0 | 0.0% |
| Amounts payable | 17/49 | €167,353 | €174,359 | +€7,007 | +4.2% |
| Amounts payable after more than one year | 17 | €132,769 | €128,892 | -€3,878 | -2.9% |
| Financial debts | 170/4 | €132,769 | €128,892 | -€3,878 | -2.9% |
| Amounts payable within one year | 42/48 | €34,583 | €45,468 | +€10,885 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €6,662 | €6,973 | +€310 | +4.7% |
| Financial debts | 43 | - | €1,903 | +€1,903 | |
| Credit institutions | 430/8 | - | €1,903 | +€1,903 | |
| Trade debts | 44 | €5,529 | €22,114 | +€16,584 | +300% |
| Suppliers | 440/4 | €5,529 | €22,114 | +€16,584 | +300% |
| Taxes, remuneration and social security | 45 | €16,998 | €9,043 | -€7,955 | -46.8% |
| Taxes | 450/3 | €16,998 | €3,367 | -€13,631 | -80.2% |
| Remuneration and social security | 454/9 | - | €5,676 | +€5,676 | |
| Other amounts payable | 47/48 | €5,393 | €5,435 | +€42 | +0.8% |
| Remuneration, social security and pensions | 62 | - | €18,399 | +€18,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,084 | €16,374 | -€709 | -4.2% |
| Other operating charges | 640/8 | €1,299 | €1,014 | -€285 | -21.9% |
| Gross operating margin | 9900 | €39,382 | €67,439 | +€28,057 | +71.2% |
| Operating profit (loss) | 9901 | €21,000 | €31,652 | +€10,652 | +50.7% |
| Financial income | 75/76B | €3,920 | €1,514 | -€2,406 | -61.4% |
| Recurring financial income | 75 | €3,920 | €1,514 | -€2,406 | -61.4% |
| Financial charges | 65/66B | €6,374 | €6,252 | -€122 | -1.9% |
| Recurring financial charges | 65 | €6,374 | €6,252 | -€122 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €18,545 | €26,914 | +€8,369 | +45.1% |
| Income taxes | 67/77 | €7,442 | €9,313 | +€1,871 | +25.1% |
| Profit (loss) for the period | 9904 | €11,103 | €17,601 | +€6,498 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,103 | €17,601 | +€6,498 | +58.5% |
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 17 October 2026 via checked.be.