CAMPANA: 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.
CAMPANA
Largest movements
- Tangible fixed assets -€67,593
down €67,593 (-5.8%), from €1.2m to €1.1m
of which Land and buildings: -€67,597
- Cash -€12,922
down €12,922 (-27.7%), from €46,573 to €33,652
mainly Net result for the year (-€52,234) and Investment in fixed assets (net) (-€35,457)
- Profit (loss) carried forward -€52,234
down €52,234 (-46.0%), from -€113,605 to -€165,839
- Debts after one year -€24,318
down €24,318 (-5.4%), from €452,306 to €427,989
of which Financial debts: -€28,218
- Gross operating margin +€13,269
up €13,269 (+19.6%), from €67,706 to €80,975
- Depreciation +€1,210
up €1,210 (+1.2%), from €101,839 to €103,050
- Financial charges -€1,141
down €1,141 (-5.2%), from €22,060 to €20,919
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.
Derived cash bridge
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 | €1,207,077 | €1,131,348 | -€75,729 | -6.3% |
| Fixed assets | 21/28 | €1,159,201 | €1,091,609 | -€67,593 | -5.8% |
| Tangible fixed assets | 22/27 | €1,159,201 | €1,091,609 | -€67,593 | -5.8% |
| Land and buildings | 22 | €1,156,518 | €1,088,921 | -€67,597 | -5.8% |
| Plant, machinery and equipment | 23 | €2,100 | €2,686 | +€586 | +27.9% |
| Furniture and vehicles | 24 | €584 | €2 | -€582 | -99.7% |
| Current assets | 29/58 | €47,875 | €39,739 | -€8,136 | -17.0% |
| Amounts receivable within one year | 40/41 | - | €998 | +€998 | |
| Other amounts receivable | 41 | - | €998 | +€998 | |
| Cash at bank and in hand | 54/58 | €46,573 | €33,652 | -€12,922 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,302 | €5,089 | +€3,787 | +291% |
| Total equity and liabilities | 10/49 | €1,207,077 | €1,131,348 | -€75,729 | -6.3% |
| Equity | 10/15 | €535,876 | €483,642 | -€52,234 | -9.7% |
| Contributions | 10/11 | €649,481 | €649,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,605 | -€165,839 | -€52,234 | -46.0% |
| Amounts payable | 17/49 | €671,201 | €647,706 | -€23,495 | -3.5% |
| Amounts payable after more than one year | 17 | €452,306 | €427,989 | -€24,318 | -5.4% |
| Financial debts | 170/4 | €452,306 | €424,089 | -€28,218 | -6.2% |
| Other amounts payable | 178/9 | - | €3,900 | +€3,900 | |
| Amounts payable within one year | 42/48 | €218,895 | €219,718 | +€823 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €27,758 | €28,218 | +€460 | +1.7% |
| Trade debts | 44 | - | €63 | +€63 | |
| Suppliers | 440/4 | - | €63 | +€63 | |
| Taxes, remuneration and social security | 45 | €4,087 | €3,882 | -€205 | -5.0% |
| Taxes | 450/3 | €4,087 | €3,882 | -€205 | -5.0% |
| Other amounts payable | 47/48 | €187,050 | €187,555 | +€506 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,839 | €103,050 | +€1,210 | +1.2% |
| Other operating charges | 640/8 | €9,133 | €8,648 | -€484 | -5.3% |
| Non-recurring operating charges | 66A | €0 | €592 | +€592 | |
| Gross operating margin | 9900 | €67,706 | €80,975 | +€13,269 | +19.6% |
| Operating profit (loss) | 9901 | -€43,266 | -€31,314 | +€11,951 | +27.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €22,060 | €20,919 | -€1,141 | -5.2% |
| Recurring financial charges | 65 | €22,060 | €20,919 | -€1,141 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€65,326 | -€52,234 | +€13,092 | +20.0% |
| Profit (loss) for the period | 9904 | -€65,326 | -€52,234 | +€13,092 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,326 | -€52,234 | +€13,092 | +20.0% |
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 18 October 2026 via checked.be.