CAMPABEL: 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.
What changed
CAMPABEL
NACE 55.100, Hotels and similar accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,509
2024 · €135,894-€113,385
Equity
€610,456
2024 · €587,947+€22,509
Cash
€6,084
2024 · €6,613-€529
Balance sheet total
€1.1m
2024 · €1.3m-€197,172
Largest movements
Assets
- Receivables within one year -€283,423
down €283,423 (-57.1%), from €496,609 to €213,186
of which Other amounts receivable: -€290,069
- Tangible fixed assets +€90,209
up €90,209 (+11.1%), from €812,563 to €902,772
of which Land and buildings: +€51,923
Equity and liabilities
- Other debts -€105,687
down €105,687 (-43.2%), from €244,446 to €138,758
- Trade debts -€102,359
down €102,359 (-25.2%), from €406,113 to €303,754
- Profit (loss) carried forward +€22,509
up €22,509 (+5.5%), from €410,273 to €432,782
Income statement
- Staff costs +€185,521
up €185,521 (+26.9%), from €690,255 to €875,776
- Gross operating margin +€90,380
up €90,380 (+9.1%), from €997,125 to €1.1m
- Depreciation +€13,987
up €13,987 (+53.6%), from €26,093 to €40,081
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.
Result 2024
€135,894
Gross operating margin
+€90,380
Staff costs
-€185,521
Depreciation
-€13,987
Write-downs
+€8,657
Other operating charges
+€5,539
Other operating items
-€978
Financial income
-€3,258
Financial charges
-€5,449
Taxes
-€8,768
Result 2025
€22,509
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.
From operations
+€129,761
Investment
-€130,290
Financing
€0
Cash 2024
€6,613
From operations (derived)
+€129,761
Net result for the year
+€22,509
Depreciation
+€40,081
Stocks and contracts
+€436
Receivables within one year
+€283,423
Deferred charges and accrued income
+€2,993
Trade debts
-€102,359
Tax, wage and social debts
-€11,634
Other debts
-€105,687
Investment (derived)
-€130,290
Investment in fixed assets (net)
-€130,290
Cash 2025
€6,084
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,333,484 | €1,136,312 | -€197,172 | -14.8% |
| Fixed assets | 21/28 | €813,050 | €903,259 | +€90,209 | +11.1% |
| Tangible fixed assets | 22/27 | €812,563 | €902,772 | +€90,209 | +11.1% |
| Land and buildings | 22 | €695,286 | €747,209 | +€51,923 | +7.5% |
| Plant, machinery and equipment | 23 | €49,205 | €49,153 | -€52 | -0.1% |
| Furniture and vehicles | 24 | €7,935 | €13,668 | +€5,733 | +72.3% |
| Assets under construction and advance payments | 27 | €60,138 | €92,743 | +€32,605 | +54.2% |
| Financial fixed assets | 28 | €487 | €487 | = | 0.0% |
| Current assets | 29/58 | €520,433 | €233,053 | -€287,381 | -55.2% |
| Stocks and contracts in progress | 3 | €9,926 | €9,490 | -€436 | -4.4% |
| Stocks | 30/36 | €9,926 | €9,490 | -€436 | -4.4% |
| Amounts receivable within one year | 40/41 | €496,609 | €213,186 | -€283,423 | -57.1% |
| Trade receivables | 40 | €70,465 | €77,111 | +€6,646 | +9.4% |
| Other amounts receivable | 41 | €426,144 | €136,075 | -€290,069 | -68.1% |
| Cash at bank and in hand | 54/58 | €6,613 | €6,084 | -€529 | -8.0% |
| Deferred charges and accrued income | 490/1 | €7,286 | €4,293 | -€2,993 | -41.1% |
| Total equity and liabilities | 10/49 | €1,333,484 | €1,136,312 | -€197,172 | -14.8% |
| Equity | 10/15 | €587,947 | €610,456 | +€22,509 | +3.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €115,174 | €115,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,924 | €8,924 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,273 | €432,782 | +€22,509 | +5.5% |
| Amounts payable | 17/49 | €745,536 | €525,856 | -€219,680 | -29.5% |
| Amounts payable within one year | 42/48 | €745,536 | €525,856 | -€219,680 | -29.5% |
| Trade debts | 44 | €406,113 | €303,754 | -€102,359 | -25.2% |
| Suppliers | 440/4 | €406,113 | €303,754 | -€102,359 | -25.2% |
| Taxes, remuneration and social security | 45 | €94,977 | €83,344 | -€11,634 | -12.2% |
| Taxes | 450/3 | €4,673 | €11,574 | +€6,900 | +147.7% |
| Remuneration and social security | 454/9 | €90,304 | €71,770 | -€18,534 | -20.5% |
| Other amounts payable | 47/48 | €244,446 | €138,758 | -€105,687 | -43.2% |
| Remuneration, social security and pensions | 62 | €690,255 | €875,776 | +€185,521 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,093 | €40,081 | +€13,987 | +53.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,032 | -€2,625 | -€8,657 | |
| Other operating charges | 640/8 | €103,805 | €98,266 | -€5,539 | -5.3% |
| Non-recurring operating charges | 66A | €243 | €1,221 | +€978 | +402.3% |
| Gross operating margin | 9900 | €997,125 | €1,087,505 | +€90,380 | +9.1% |
| Operating profit (loss) | 9901 | €170,696 | €74,787 | -€95,910 | -56.2% |
| Financial income | 75/76B | €6,330 | €3,072 | -€3,258 | -51.5% |
| Recurring financial income | 75 | €6,330 | €3,072 | -€3,258 | -51.5% |
| Financial charges | 65/66B | €36,458 | €41,907 | +€5,449 | +14.9% |
| Recurring financial charges | 65 | €36,458 | €41,907 | +€5,449 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €140,569 | €35,952 | -€104,617 | -74.4% |
| Income taxes | 67/77 | €4,675 | €13,443 | +€8,768 | +187.5% |
| Profit (loss) for the period | 9904 | €135,894 | €22,509 | -€113,385 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,894 | €22,509 | -€113,385 | -83.4% |
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 11 October 2026 via checked.be.