CAMCO: 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.
CAMCO
Largest movements
- Stocks and contracts +€636,139
up €636,139 (+102%), from €625,555 to €1.3m
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€61,789
down €61,789 (-76.5%), from €80,819 to €19,029
of which Trade receivables: -€61,660
- Cash -€17,477
down €17,477 (-40.6%), from €43,082 to €25,605
mainly Stocks and contracts (-€636,139) and Other debts (-€110,122)
- Debts after one year +€405,148
up €405,148 (+208%), from €195,160 to €600,308
- Other debts -€110,122
down €110,122 (-29.4%), from €374,585 to €264,463
- Reserves +€99,658
up €99,658 (+141%), from €70,580 to €170,238
of which Distributable reserves: +€99,658
- Tax, wage and social debts +€30,800
up €30,800 (+4,212%), from €731 to €31,531
- Profit (loss) carried forward +€21,092
no longer reported in 2025 (was -€21,092)
- Gross operating margin +€124,916
up €124,916 (+286%), from €43,629 to €168,545
- Taxes +€31,199
new in 2025: €31,199
- Financial charges +€10,758
up €10,758 (+463%), from €2,323 to €13,082
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 | €853,127 | €1,306,685 | +€453,558 | +53.2% |
| Fixed assets | 21/28 | €713 | €357 | -€357 | -50.0% |
| Tangible fixed assets | 22/27 | €713 | €357 | -€357 | -50.0% |
| Furniture and vehicles | 24 | €713 | €357 | -€357 | -50.0% |
| Current assets | 29/58 | €852,414 | €1,306,329 | +€453,915 | +53.3% |
| Stocks and contracts in progress | 3 | €625,555 | €1,261,694 | +€636,139 | +102% |
| Stocks | 30/36 | €625,555 | €1,261,694 | +€636,139 | +102% |
| Amounts receivable within one year | 40/41 | €80,819 | €19,029 | -€61,789 | -76.5% |
| Trade receivables | 40 | €80,410 | €18,750 | -€61,660 | -76.7% |
| Other amounts receivable | 41 | €409 | €279 | -€130 | -31.7% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €43,082 | €25,605 | -€17,477 | -40.6% |
| Deferred charges and accrued income | 490/1 | €2,958 | - | -€2,958 | |
| Total equity and liabilities | 10/49 | €853,127 | €1,306,685 | +€453,558 | +53.2% |
| Equity | 10/15 | €124,487 | €245,238 | +€120,751 | +97.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €70,580 | €170,238 | +€99,658 | +141% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,720 | €168,378 | +€99,658 | +145% |
| Profit (loss) carried forward | 14 | -€21,092 | - | +€21,092 | |
| Amounts payable | 17/49 | €728,640 | €1,061,447 | +€332,807 | +45.7% |
| Amounts payable after more than one year | 17 | €195,160 | €600,308 | +€405,148 | +208% |
| Financial debts | 170/4 | €195,160 | €600,308 | +€405,148 | +208% |
| Amounts payable within one year | 42/48 | €532,065 | €459,841 | -€72,224 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €22,091 | €13,667 | -€8,424 | -38.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €9,658 | €25,181 | +€15,523 | +161% |
| Suppliers | 440/4 | €9,658 | €25,181 | +€15,523 | +161% |
| Taxes, remuneration and social security | 45 | €731 | €31,531 | +€30,800 | +4,212% |
| Taxes | 450/3 | €731 | €31,531 | +€30,800 | +4,212% |
| Other amounts payable | 47/48 | €374,585 | €264,463 | -€110,122 | -29.4% |
| Accrued charges and deferred income | 492/3 | €1,415 | €1,298 | -€117 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €357 | = | 0.0% |
| Other operating charges | 640/8 | €3,204 | €3,725 | +€521 | +16.3% |
| Gross operating margin | 9900 | €43,629 | €168,545 | +€124,916 | +286% |
| Operating profit (loss) | 9901 | €40,068 | €164,463 | +€124,395 | +310% |
| Financial income | 75/76B | €1,411 | €569 | -€843 | -59.7% |
| Recurring financial income | 75 | €1,411 | €569 | -€843 | -59.7% |
| Financial charges | 65/66B | €2,323 | €13,082 | +€10,758 | +463% |
| Recurring financial charges | 65 | €2,323 | €13,082 | +€10,758 | +463% |
| Profit (loss) for the period before taxes | 9903 | €39,156 | €151,950 | +€112,793 | +288% |
| Income taxes | 67/77 | - | €31,199 | +€31,199 | |
| Profit (loss) for the period | 9904 | €39,156 | €120,751 | +€81,594 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €39,156 | €120,751 | +€81,594 | +208% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.