CAMPAIGN LAB: 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.
CAMPAIGN LAB
Largest movements
- Cash -€52,131
down €52,131 (-74.9%), from €69,565 to €17,435
mainly Other debts (-€38,250) and Net result for the year (-€37,561)
- Receivables within one year -€11,204
down €11,204 (-18.7%), from €59,811 to €48,607
of which Trade receivables: -€12,589
- Tangible fixed assets -€2,282
down €2,282 (-31.0%), from €7,356 to €5,074
- Other debts -€38,250
no longer reported in 2025 (was €38,250)
- Reserves -€37,561
down €37,561 (-60.0%), from €62,583 to €25,023
of which Distributable reserves: -€37,561
- Trade debts +€11,842
up €11,842 (+151.4%), from €7,823 to €19,665
- Tax, wage and social debts -€4,944
down €4,944 (-43.4%), from €11,387 to €6,443
- Current portion of long-term debt +€3,364
new in 2025: €3,364
- Gross operating margin -€134,016
down €134,016, from €100,900 to -€33,116
- Taxes -€18,061
no longer reported in 2025 (was €18,061)
- Other operating charges -€3,028
down €3,028 (-88.3%), from €3,428 to €400
- Depreciation +€1,179
up €1,179 (+48.6%), from €2,428 to €3,607
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 | €138,643 | €73,095 | -€65,548 | -47.3% |
| Fixed assets | 21/28 | €9,133 | €6,850 | -€2,282 | -25.0% |
| Tangible fixed assets | 22/27 | €7,356 | €5,074 | -€2,282 | -31.0% |
| Furniture and vehicles | 24 | €7,356 | €5,074 | -€2,282 | -31.0% |
| Financial fixed assets | 28 | €1,776 | €1,776 | = | 0.0% |
| Current assets | 29/58 | €129,511 | €66,245 | -€63,266 | -48.9% |
| Amounts receivable within one year | 40/41 | €59,811 | €48,607 | -€11,204 | -18.7% |
| Trade receivables | 40 | €16,118 | €3,529 | -€12,589 | -78.1% |
| Other amounts receivable | 41 | €43,693 | €45,078 | +€1,385 | +3.2% |
| Cash at bank and in hand | 54/58 | €69,565 | €17,435 | -€52,131 | -74.9% |
| Deferred charges and accrued income | 490/1 | €134 | €203 | +€69 | +51.1% |
| Total equity and liabilities | 10/49 | €138,643 | €73,095 | -€65,548 | -47.3% |
| Equity | 10/15 | €81,183 | €43,623 | -€37,561 | -46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,583 | €25,023 | -€37,561 | -60.0% |
| Non-distributable reserves | 130/1 | €1,680 | €1,680 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,680 | €1,680 | = | 0.0% |
| Distributable reserves | 133 | €60,903 | €23,343 | -€37,561 | -61.7% |
| Amounts payable | 17/49 | €57,460 | €29,473 | -€27,988 | -48.7% |
| Amounts payable within one year | 42/48 | €57,460 | €29,473 | -€27,988 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €7,823 | €19,665 | +€11,842 | +151.4% |
| Suppliers | 440/4 | €7,823 | €19,665 | +€11,842 | +151.4% |
| Taxes, remuneration and social security | 45 | €11,387 | €6,443 | -€4,944 | -43.4% |
| Taxes | 450/3 | €11,387 | €6,443 | -€4,944 | -43.4% |
| Other amounts payable | 47/48 | €38,250 | - | -€38,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,428 | €3,607 | +€1,179 | +48.6% |
| Other operating charges | 640/8 | €3,428 | €400 | -€3,028 | -88.3% |
| Gross operating margin | 9900 | €100,900 | -€33,116 | -€134,016 | |
| Operating profit (loss) | 9901 | €95,044 | -€37,123 | -€132,167 | |
| Financial income | 75/76B | €127 | €50 | -€77 | -60.7% |
| Recurring financial income | 75 | €127 | €50 | -€77 | -60.7% |
| Financial charges | 65/66B | €243 | €488 | +€245 | +100.7% |
| Recurring financial charges | 65 | €243 | €488 | +€245 | +100.7% |
| Profit (loss) for the period before taxes | 9903 | €94,929 | -€37,561 | -€132,489 | |
| Income taxes | 67/77 | €18,061 | - | -€18,061 | |
| Profit (loss) for the period | 9904 | €76,868 | -€37,561 | -€114,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,868 | -€37,561 | -€114,428 |
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 4 October 2026 via checked.be.