TC-CAMINO: 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.
TC-CAMINO
Largest movements
- Cash -€25,198
down €25,198 (-69.2%), from €36,429 to €11,231
mainly Contributions, distributions and other (-€20,000) and Tax, wage and social debts (-€12,139)
- Receivables within one year +€6,362
up €6,362 (+6.2%), from €102,734 to €109,096
of which Other amounts receivable: +€10,000
- Financial fixed assets -€4,054
down €4,054 (-68.7%), from €5,900 to €1,846
- Intangible fixed assets -€3,000
down €3,000 (-25.0%), from €12,016 to €9,016
- Profit (loss) carried forward -€22,154
down €22,154 (-47.7%), from €46,484 to €24,330
- Other debts +€12,290
up €12,290 (+223%), from €5,501 to €17,792
- Tax, wage and social debts -€12,139
no longer reported in 2025 (was €12,139)
- Debts after one year -€4,320
down €4,320 (-4.7%), from €91,205 to €86,884
- Gross operating margin -€57,688
down €57,688 (-93.3%), from €61,859 to €4,171
- Taxes -€12,139
down €12,139 (-100.0%), from €12,139 to €0
- Financial charges -€1,925
down €1,925 (-59.0%), from €3,260 to €1,335
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 | €157,330 | €131,439 | -€25,891 | -16.5% |
| Fixed assets | 21/28 | €17,916 | €10,862 | -€7,054 | -39.4% |
| Intangible fixed assets | 21 | €12,016 | €9,016 | -€3,000 | -25.0% |
| Financial fixed assets | 28 | €5,900 | €1,846 | -€4,054 | -68.7% |
| Current assets | 29/58 | €139,413 | €120,577 | -€18,836 | -13.5% |
| Amounts receivable within one year | 40/41 | €102,734 | €109,096 | +€6,362 | +6.2% |
| Trade receivables | 40 | €102,734 | €99,096 | -€3,638 | -3.5% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,429 | €11,231 | -€25,198 | -69.2% |
| Total equity and liabilities | 10/49 | €157,330 | €131,439 | -€25,891 | -16.5% |
| Equity | 10/15 | €48,484 | €26,330 | -€22,154 | -45.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,484 | €24,330 | -€22,154 | -47.7% |
| Amounts payable | 17/49 | €108,845 | €105,109 | -€3,737 | -3.4% |
| Amounts payable after more than one year | 17 | €91,205 | €86,884 | -€4,320 | -4.7% |
| Financial debts | 170/4 | €91,205 | €86,884 | -€4,320 | -4.7% |
| Amounts payable within one year | 42/48 | €17,641 | €18,224 | +€584 | +3.3% |
| Trade debts | 44 | - | €433 | +€433 | |
| Suppliers | 440/4 | - | €433 | +€433 | |
| Taxes, remuneration and social security | 45 | €12,139 | - | -€12,139 | |
| Taxes | 450/3 | €12,139 | - | -€12,139 | |
| Other amounts payable | 47/48 | €5,501 | €17,792 | +€12,290 | +223% |
| Remuneration, social security and pensions | 62 | €583 | - | -€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,984 | €3,000 | +€16 | +0.5% |
| Other operating charges | 640/8 | €2,023 | €1,990 | -€33 | -1.6% |
| Gross operating margin | 9900 | €61,859 | €4,171 | -€57,688 | -93.3% |
| Operating profit (loss) | 9901 | €56,270 | -€819 | -€57,089 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.0% |
| Non-recurring financial income | 76B | €7 | - | -€7 | |
| Financial charges | 65/66B | €3,260 | €1,335 | -€1,925 | -59.0% |
| Recurring financial charges | 65 | €3,260 | €1,335 | -€1,925 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €53,017 | -€2,154 | -€55,171 | |
| Income taxes | 67/77 | €12,139 | €0 | -€12,139 | -100.0% |
| Profit (loss) for the period | 9904 | €40,878 | -€2,154 | -€43,032 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,878 | -€2,154 | -€43,032 |
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 26 October 2026 via checked.be.