CAMPAGNE: 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.
CAMPAGNE
Largest movements
- Current investments +€439,585
up €439,585 (+22.0%), from €2.0m to €2.4m
- Tangible fixed assets +€41,050
up €41,050 (+30.2%), from €136,065 to €177,115
- Reserves +€383,060
up €383,060 (+17.9%), from €2.1m to €2.5m
of which Distributable reserves: +€383,060
- Tax, wage and social debts +€52,090
up €52,090 (+131.9%), from €39,492 to €91,582
of which Taxes: +€41,290
- Gross operating margin -€265,194
down €265,194 (-33.7%), from €785,879 to €520,685
- Taxes -€80,468
down €80,468 (-31.8%), from €253,045 to €172,577
- Financial income +€38,518
up €38,518 (+634.3%), from €6,072 to €44,590
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 | €2,238,521 | €2,680,032 | +€441,511 | +19.7% |
| Fixed assets | 21/28 | €136,065 | €177,115 | +€41,050 | +30.2% |
| Tangible fixed assets | 22/27 | €136,065 | €177,115 | +€41,050 | +30.2% |
| Land and buildings | 22 | €136,065 | €177,115 | +€41,050 | +30.2% |
| Current assets | 29/58 | €2,102,456 | €2,502,917 | +€400,461 | +19.0% |
| Amounts receivable within one year | 40/41 | €54,314 | €27,644 | -€26,670 | -49.1% |
| Trade receivables | 40 | €54,304 | €27,644 | -€26,661 | -49.1% |
| Other amounts receivable | 41 | €9 | - | -€9 | |
| Current investments | 50/53 | €1,999,999 | €2,439,584 | +€439,585 | +22.0% |
| Cash at bank and in hand | 54/58 | €48,143 | €35,689 | -€12,454 | -25.9% |
| Total equity and liabilities | 10/49 | €2,238,521 | €2,680,032 | +€441,511 | +19.7% |
| Equity | 10/15 | €2,199,029 | €2,582,089 | +€383,060 | +17.4% |
| Contributions | 10/11 | €23,444 | €23,444 | = | 0.0% |
| Outside capital | 11 | €23,444 | €23,444 | = | 0.0% |
| Other | 1109/19 | €23,444 | €23,444 | = | 0.0% |
| Reserves | 13 | €2,136,358 | €2,519,418 | +€383,060 | +17.9% |
| Non-distributable reserves | 130/1 | €2,344 | €2,344 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,344 | €2,344 | = | 0.0% |
| Distributable reserves | 133 | €2,134,013 | €2,517,074 | +€383,060 | +18.0% |
| Profit (loss) carried forward | 14 | €39,227 | €39,227 | = | 0.0% |
| Amounts payable | 17/49 | €39,492 | €97,943 | +€58,451 | +148.0% |
| Amounts payable within one year | 42/48 | €39,492 | €97,598 | +€58,106 | +147.1% |
| Trade debts | 44 | - | €5,953 | +€5,953 | |
| Suppliers | 440/4 | - | €5,953 | +€5,953 | |
| Taxes, remuneration and social security | 45 | €39,492 | €91,582 | +€52,090 | +131.9% |
| Taxes | 450/3 | €39,492 | €80,782 | +€41,290 | +104.6% |
| Remuneration and social security | 454/9 | - | €10,800 | +€10,800 | |
| Other amounts payable | 47/48 | - | €63 | +€63 | |
| Accrued charges and deferred income | 492/3 | - | €345 | +€345 | |
| Other operating charges | 640/8 | €3,065 | €9,339 | +€6,273 | +204.6% |
| Gross operating margin | 9900 | €785,879 | €520,685 | -€265,194 | -33.7% |
| Operating profit (loss) | 9901 | €782,813 | €511,346 | -€271,467 | -34.7% |
| Financial income | 75/76B | €6,072 | €44,590 | +€38,518 | +634.3% |
| Recurring financial income | 75 | €6,072 | €44,590 | +€38,518 | +634.3% |
| Financial charges | 65/66B | €278 | €299 | +€21 | +7.7% |
| Recurring financial charges | 65 | €278 | €299 | +€21 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €788,607 | €555,637 | -€232,970 | -29.5% |
| Income taxes | 67/77 | €253,045 | €172,577 | -€80,468 | -31.8% |
| Profit (loss) for the period | 9904 | €535,562 | €383,060 | -€152,502 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €535,562 | €383,060 | -€152,502 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.