CAMPAGENT: what changed
Two fiscal 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.
CAMPAGENT
Largest movements
- Receivables within one year -€76,299
down €76,299 (-9.5%), from €801,030 to €724,731
of which Other amounts receivable: -€110,720
- Tangible fixed assets +€50,820
up €50,820 (+18.5%), from €274,502 to €325,322
of which Assets under construction and advance payments: +€41,388
- Trade debts +€64,580
up €64,580 (+27.5%), from €234,516 to €299,096
- Other debts -€56,527
down €56,527 (-100.0%), from €56,527 to €0
- Profit (loss) carried forward -€52,272
down €52,272 (-45.5%), from €114,797 to €62,525
- Tax, wage and social debts +€20,652
up €20,652 (+38.2%), from €54,066 to €74,718
of which Remuneration and social security: +€20,699
- Staff costs +€40,674
up €40,674 (+7.2%), from €564,200 to €604,874
- Gross operating margin +€34,490
up €34,490 (+5.1%), from €680,520 to €715,010
- Financial income -€19,670
down €19,670 (-56.9%), from €34,554 to €14,885
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,103,231 | €1,079,664 | -€23,567 | -2.1% |
| Fixed assets | 21/28 | €274,651 | €325,471 | +€50,820 | +18.5% |
| Tangible fixed assets | 22/27 | €274,502 | €325,322 | +€50,820 | +18.5% |
| Land and buildings | 22 | €185,924 | €205,069 | +€19,145 | +10.3% |
| Plant, machinery and equipment | 23 | €82,417 | €64,848 | -€17,569 | -21.3% |
| Furniture and vehicles | 24 | €5,779 | €13,636 | +€7,857 | +136.0% |
| Assets under construction and advance payments | 27 | €382 | €41,770 | +€41,388 | +10834.5% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €828,580 | €754,193 | -€74,387 | -9.0% |
| Stocks and contracts in progress | 3 | €15,735 | €16,545 | +€810 | +5.1% |
| Stocks | 30/36 | €15,735 | €16,545 | +€810 | +5.1% |
| Amounts receivable within one year | 40/41 | €801,030 | €724,731 | -€76,299 | -9.5% |
| Trade receivables | 40 | €33,601 | €68,022 | +€34,421 | +102.4% |
| Other amounts receivable | 41 | €767,429 | €656,709 | -€110,720 | -14.4% |
| Cash at bank and in hand | 54/58 | €5,843 | €8,656 | +€2,813 | +48.1% |
| Deferred charges and accrued income | 490/1 | €5,972 | €4,261 | -€1,711 | -28.7% |
| Total equity and liabilities | 10/49 | €1,103,231 | €1,079,664 | -€23,567 | -2.1% |
| Equity | 10/15 | €758,121 | €705,850 | -€52,272 | -6.9% |
| Contributions | 10/11 | €606,250 | €606,250 | = | 0.0% |
| Capital | 10 | €606,250 | €606,250 | = | 0.0% |
| Issued capital | 100 | €606,250 | €606,250 | = | 0.0% |
| Reserves | 13 | €37,075 | €37,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,983 | €36,983 | = | 0.0% |
| Legal reserve | 130 | €36,983 | €36,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €92 | €92 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,797 | €62,525 | -€52,272 | -45.5% |
| Amounts payable | 17/49 | €345,109 | €373,814 | +€28,705 | +8.3% |
| Amounts payable within one year | 42/48 | €345,109 | €373,814 | +€28,705 | +8.3% |
| Trade debts | 44 | €234,516 | €299,096 | +€64,580 | +27.5% |
| Suppliers | 440/4 | €234,516 | €299,096 | +€64,580 | +27.5% |
| Taxes, remuneration and social security | 45 | €54,066 | €74,718 | +€20,652 | +38.2% |
| Taxes | 450/3 | €105 | €58 | -€48 | -45.1% |
| Remuneration and social security | 454/9 | €53,961 | €74,660 | +€20,699 | +38.4% |
| Other amounts payable | 47/48 | €56,527 | €0 | -€56,527 | -100.0% |
| Non-recurring operating income | 76A | €0 | €679 | +€679 | |
| Remuneration, social security and pensions | 62 | €564,200 | €604,874 | +€40,674 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,355 | €49,720 | +€6,365 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €399 | €3,629 | +€3,230 | +810.0% |
| Other operating charges | 640/8 | €97,061 | €97,354 | +€293 | +0.3% |
| Non-recurring operating charges | 66A | - | €2,240 | +€2,240 | |
| Gross operating margin | 9900 | €680,520 | €715,010 | +€34,490 | +5.1% |
| Operating profit (loss) | 9901 | -€24,494 | -€42,807 | -€18,312 | -74.8% |
| Financial income | 75/76B | €34,554 | €14,885 | -€19,670 | -56.9% |
| Recurring financial income | 75 | €34,554 | €14,885 | -€19,670 | -56.9% |
| Financial charges | 65/66B | €29,310 | €24,350 | -€4,960 | -16.9% |
| Recurring financial charges | 65 | €29,161 | €24,350 | -€4,811 | -16.5% |
| Non-recurring financial charges | 66B | €148 | €0 | -€148 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,249 | -€52,272 | -€33,022 | -171.5% |
| Profit (loss) for the period | 9904 | -€19,249 | -€52,272 | -€33,022 | -171.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,249 | -€52,272 | -€33,022 | -171.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.