CAMPAGRO: 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.
CAMPAGRO
Largest movements
- Receivables within one year -€101,220
down €101,220 (-17.0%), from €596,174 to €494,953
of which Trade receivables: -€93,832
- Tangible fixed assets -€99,392
down €99,392 (-5.7%), from €1.8m to €1.7m
of which Assets under construction and advance payments: -€241,560
- Cash -€92,034
down €92,034 (-61.5%), from €149,700 to €57,665
mainly Other debts (-€405,999) and Debts after one year (-€104,009)
- Other debts -€405,999
down €405,999 (-85.4%), from €475,529 to €69,530
- Trade debts +€204,388
up €204,388 (+80.1%), from €255,238 to €459,626
- Debts after one year -€104,009
down €104,009 (-20.9%), from €497,315 to €393,306
- Reserves +€45,660
up €45,660 (+5.5%), from €835,432 to €881,092
of which Distributable reserves: +€56,146
- Current portion of long-term debt -€30,726
down €30,726 (-22.8%), from €134,735 to €104,009
- Gross operating margin +€100,825
up €100,825 (+39.1%), from €257,791 to €358,616
- Taxes +€24,347
up €24,347 (+138.3%), from €17,604 to €41,951
- Depreciation +€21,502
up €21,502 (+15.0%), from €143,487 to €164,989
- Financial charges -€18,402
down €18,402 (-39.0%), from €47,170 to €28,768
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 | €2,516,996 | €2,222,265 | -€294,732 | -11.7% |
| Fixed assets | 21/28 | €1,757,175 | €1,657,648 | -€99,527 | -5.7% |
| Tangible fixed assets | 22/27 | €1,752,790 | €1,653,398 | -€99,392 | -5.7% |
| Land and buildings | 22 | €1,315,572 | €1,462,067 | +€146,495 | +11.1% |
| Plant, machinery and equipment | 23 | €170,044 | €170,999 | +€955 | +0.6% |
| Furniture and vehicles | 24 | €25,614 | €20,332 | -€5,281 | -20.6% |
| Assets under construction and advance payments | 27 | €241,560 | €0 | -€241,560 | -100.0% |
| Financial fixed assets | 28 | €4,385 | €4,250 | -€135 | -3.1% |
| Current assets | 29/58 | €759,821 | €564,616 | -€195,205 | -25.7% |
| Stocks and contracts in progress | 3 | €10,720 | €9,420 | -€1,300 | -12.1% |
| Stocks | 30/36 | €10,720 | €9,420 | -€1,300 | -12.1% |
| Amounts receivable within one year | 40/41 | €596,174 | €494,953 | -€101,220 | -17.0% |
| Trade receivables | 40 | €588,731 | €494,900 | -€93,832 | -15.9% |
| Other amounts receivable | 41 | €7,442 | €54 | -€7,389 | -99.3% |
| Cash at bank and in hand | 54/58 | €149,700 | €57,665 | -€92,034 | -61.5% |
| Deferred charges and accrued income | 490/1 | €3,228 | €2,578 | -€651 | -20.2% |
| Total equity and liabilities | 10/49 | €2,516,996 | €2,222,265 | -€294,732 | -11.7% |
| Equity | 10/15 | €1,077,432 | €1,123,092 | +€45,660 | +4.2% |
| Contributions | 10/11 | €242,000 | €242,000 | = | 0.0% |
| Reserves | 13 | €835,432 | €881,092 | +€45,660 | +5.5% |
| Tax-exempt reserves | 132 | €35,793 | €25,307 | -€10,486 | -29.3% |
| Distributable reserves | 133 | €799,639 | €855,784 | +€56,146 | +7.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €11,673 | €8,178 | -€3,495 | -29.9% |
| Deferred taxes | 168 | €11,673 | €8,178 | -€3,495 | -29.9% |
| Amounts payable | 17/49 | €1,427,891 | €1,090,995 | -€336,896 | -23.6% |
| Amounts payable after more than one year | 17 | €497,315 | €393,306 | -€104,009 | -20.9% |
| Financial debts | 170/4 | €497,315 | €393,306 | -€104,009 | -20.9% |
| Amounts payable within one year | 42/48 | €892,621 | €671,853 | -€220,768 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €134,735 | €104,009 | -€30,726 | -22.8% |
| Financial debts | 43 | €8,456 | €8,425 | -€32 | -0.4% |
| Credit institutions | 430/8 | €8,456 | €8,425 | -€32 | -0.4% |
| Trade debts | 44 | €255,238 | €459,626 | +€204,388 | +80.1% |
| Suppliers | 440/4 | €255,238 | €459,626 | +€204,388 | +80.1% |
| Taxes, remuneration and social security | 45 | €18,663 | €30,263 | +€11,601 | +62.2% |
| Taxes | 450/3 | €18,663 | €30,263 | +€11,601 | +62.2% |
| Other amounts payable | 47/48 | €475,529 | €69,530 | -€405,999 | -85.4% |
| Accrued charges and deferred income | 492/3 | €37,956 | €25,837 | -€12,119 | -31.9% |
| Non-recurring operating income | 76A | €850 | €11,500 | +€10,650 | +1252.9% |
| Remuneration, social security and pensions | 62 | €0 | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,487 | €164,989 | +€21,502 | +15.0% |
| Other operating charges | 640/8 | €11,499 | €11,832 | +€333 | +2.9% |
| Non-recurring operating charges | 66A | - | €621 | +€621 | |
| Gross operating margin | 9900 | €257,791 | €358,616 | +€100,825 | +39.1% |
| Operating profit (loss) | 9901 | €102,804 | €181,159 | +€78,355 | +76.2% |
| Financial income | 75/76B | €695 | €1,166 | +€471 | +67.9% |
| Recurring financial income | 75 | €695 | €1,166 | +€471 | +67.9% |
| Financial charges | 65/66B | €47,170 | €28,768 | -€18,402 | -39.0% |
| Recurring financial charges | 65 | €47,170 | €28,768 | -€18,402 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €56,329 | €153,557 | +€97,228 | +172.6% |
| Transfer from deferred taxes | 780 | €10,486 | €10,486 | = | 0.0% |
| Income taxes | 67/77 | €17,604 | €41,951 | +€24,347 | +138.3% |
| Profit (loss) for the period | 9904 | €49,211 | €122,091 | +€72,881 | +148.1% |
| Transfer from tax-exempt reserves | 789 | €3,495 | €3,495 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,706 | €125,587 | +€72,881 | +138.3% |
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 5 October 2026 via checked.be.