Pink 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.
Pink Camel
Largest movements
- Receivables within one year -€34,543
down €34,543 (-37.3%), from €92,709 to €58,166
of which Trade receivables: -€43,756
- Cash +€29,796
up €29,796 (+82.8%), from €36,007 to €65,802
mainly Receivables within one year (+€34,543) and Trade debts (+€17,590)
- Reserves -€22,742
down €22,742 (-41.8%), from €54,469 to €31,727
of which Distributable reserves: -€22,742
- Trade debts +€17,590
up €17,590 (+60.8%), from €28,953 to €46,542
- Other debts +€11,047
up €11,047 (+530%), from €2,086 to €13,133
- Tax, wage and social debts -€10,597
down €10,597 (-27.8%), from €38,142 to €27,545
of which Taxes: -€10,586
- Staff costs -€35,464
down €35,464 (-33.0%), from €107,492 to €72,028
- Gross operating margin -€33,493
down €33,493 (-29.9%), from €111,944 to €78,451
- Taxes +€2,913
up €2,913 (+1,131%), from €258 to €3,171
- Financial income -€2,911
down €2,911 (-98.8%), from €2,947 to €36
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 | €134,083 | €129,303 | -€4,779 | -3.6% |
| Fixed assets | 21/28 | €4,049 | €4,091 | +€42 | +1.0% |
| Intangible fixed assets | 21 | €2,423 | €1,188 | -€1,235 | -51.0% |
| Tangible fixed assets | 22/27 | €1,626 | €2,904 | +€1,277 | +78.6% |
| Plant, machinery and equipment | 23 | €552 | €414 | -€138 | -25.0% |
| Furniture and vehicles | 24 | €1,074 | €2,490 | +€1,415 | +132% |
| Current assets | 29/58 | €130,034 | €125,212 | -€4,822 | -3.7% |
| Amounts receivable within one year | 40/41 | €92,709 | €58,166 | -€34,543 | -37.3% |
| Trade receivables | 40 | €75,545 | €31,789 | -€43,756 | -57.9% |
| Other amounts receivable | 41 | €17,164 | €26,378 | +€9,214 | +53.7% |
| Cash at bank and in hand | 54/58 | €36,007 | €65,802 | +€29,796 | +82.8% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,243 | -€75 | -5.7% |
| Total equity and liabilities | 10/49 | €134,083 | €129,303 | -€4,779 | -3.6% |
| Equity | 10/15 | €64,902 | €42,083 | -€22,819 | -35.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,469 | €31,727 | -€22,742 | -41.8% |
| Tax-exempt reserves | 132 | €9,662 | €9,662 | = | 0.0% |
| Distributable reserves | 133 | €44,807 | €22,065 | -€22,742 | -50.8% |
| Profit (loss) carried forward | 14 | €4,233 | €4,156 | -€77 | -1.8% |
| Amounts payable | 17/49 | €69,181 | €87,220 | +€18,040 | +26.1% |
| Amounts payable within one year | 42/48 | €69,181 | €87,220 | +€18,040 | +26.1% |
| Trade debts | 44 | €28,953 | €46,542 | +€17,590 | +60.8% |
| Suppliers | 440/4 | €28,953 | €46,542 | +€17,590 | +60.8% |
| Taxes, remuneration and social security | 45 | €38,142 | €27,545 | -€10,597 | -27.8% |
| Taxes | 450/3 | €13,757 | €3,171 | -€10,586 | -77.0% |
| Remuneration and social security | 454/9 | €24,385 | €24,374 | -€11 | 0.0% |
| Other amounts payable | 47/48 | €2,086 | €13,133 | +€11,047 | +530% |
| Non-recurring operating income | 76A | €74 | - | -€74 | |
| Remuneration, social security and pensions | 62 | €107,492 | €72,028 | -€35,464 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,251 | €2,670 | -€581 | -17.9% |
| Other operating charges | 640/8 | €1,119 | €555 | -€564 | -50.4% |
| Gross operating margin | 9900 | €111,944 | €78,451 | -€33,493 | -29.9% |
| Operating profit (loss) | 9901 | €82 | €3,198 | +€3,116 | +3,807% |
| Financial income | 75/76B | €2,947 | €36 | -€2,911 | -98.8% |
| Recurring financial income | 75 | €2,947 | €36 | -€2,911 | -98.8% |
| Financial charges | 65/66B | €195 | €140 | -€55 | -28.0% |
| Recurring financial charges | 65 | €195 | €140 | -€55 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €2,834 | €3,094 | +€260 | +9.2% |
| Income taxes | 67/77 | €258 | €3,171 | +€2,913 | +1,131% |
| Profit (loss) for the period | 9904 | €2,577 | -€77 | -€2,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,577 | -€77 | -€2,653 |
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 18 October 2026 via checked.be.