CAMPANULA: 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.
CAMPANULA
Largest movements
- Cash +€16,166
up €16,166 (+423.2%), from €3,820 to €19,986
mainly Receivables within one year (+€12,210) and Depreciation (+€7,123)
- Receivables within one year -€12,210
down €12,210 (-92.4%), from €13,213 to €1,003
of which Other amounts receivable: -€11,340
- Tangible fixed assets -€8,987
down €8,987 (-58.3%), from €15,406 to €6,419
of which Plant, machinery and equipment: -€7,050
- Profit (loss) carried forward -€5,163
new in 2025: -€5,163
- Financial income -€24,311
down €24,311 (-100.0%), from €24,318 to €6
- Gross operating margin +€12,665
up €12,665, from -€9,195 to €3,469
- Depreciation -€3,072
down €3,072 (-30.1%), from €10,195 to €7,123
- Financial charges +€1,683
up €1,683 (+641.7%), from €262 to €1,945
- Write-downs -€1,615
down €1,615, from €599 to -€1,016
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 | €180,840 | €174,585 | -€6,255 | -3.5% |
| Fixed assets | 21/28 | €15,638 | €6,652 | -€8,987 | -57.5% |
| Tangible fixed assets | 22/27 | €15,406 | €6,419 | -€8,987 | -58.3% |
| Plant, machinery and equipment | 23 | €13,402 | €6,352 | -€7,050 | -52.6% |
| Furniture and vehicles | 24 | €2,004 | €67 | -€1,937 | -96.7% |
| Financial fixed assets | 28 | €233 | €233 | = | 0.0% |
| Current assets | 29/58 | €165,202 | €167,934 | +€2,732 | +1.7% |
| Stocks and contracts in progress | 3 | €868 | €332 | -€536 | -61.7% |
| Stocks | 30/36 | €868 | €332 | -€536 | -61.7% |
| Amounts receivable within one year | 40/41 | €13,213 | €1,003 | -€12,210 | -92.4% |
| Trade receivables | 40 | €1,870 | €1,000 | -€871 | -46.6% |
| Other amounts receivable | 41 | €11,342 | €3 | -€11,340 | -100.0% |
| Current investments | 50/53 | €144,382 | €144,382 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,820 | €19,986 | +€16,166 | +423.2% |
| Deferred charges and accrued income | 490/1 | €2,919 | €2,231 | -€688 | -23.6% |
| Total equity and liabilities | 10/49 | €180,840 | €174,585 | -€6,255 | -3.5% |
| Equity | 10/15 | €174,065 | €168,902 | -€5,163 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,465 | €155,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €108,160 | €108,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €106,300 | €106,300 | = | 0.0% |
| Distributable reserves | 133 | €47,305 | €47,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,163 | -€5,163 | |
| Amounts payable | 17/49 | €6,776 | €5,684 | -€1,092 | -16.1% |
| Amounts payable within one year | 42/48 | €6,776 | €5,684 | -€1,092 | -16.1% |
| Trade debts | 44 | €1,376 | €79 | -€1,297 | -94.2% |
| Suppliers | 440/4 | €1,376 | €79 | -€1,297 | -94.2% |
| Taxes, remuneration and social security | 45 | €300 | €27 | -€273 | -91.0% |
| Taxes | 450/3 | €300 | €27 | -€273 | -91.0% |
| Other amounts payable | 47/48 | €5,100 | €5,577 | +€478 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,195 | €7,123 | -€3,072 | -30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €599 | -€1,016 | -€1,615 | |
| Other operating charges | 640/8 | €759 | €586 | -€173 | -22.8% |
| Gross operating margin | 9900 | -€9,195 | €3,469 | +€12,665 | |
| Operating profit (loss) | 9901 | -€20,748 | -€3,224 | +€17,524 | +84.5% |
| Financial income | 75/76B | €24,318 | €6 | -€24,311 | -100.0% |
| Recurring financial income | 75 | €24,318 | €6 | -€24,311 | -100.0% |
| Financial charges | 65/66B | €262 | €1,945 | +€1,683 | +641.7% |
| Recurring financial charges | 65 | €262 | €1,945 | +€1,683 | +641.7% |
| Profit (loss) for the period before taxes | 9903 | €3,307 | -€5,163 | -€8,470 | |
| Income taxes | 67/77 | €36 | - | -€36 | |
| Profit (loss) for the period | 9904 | €3,272 | -€5,163 | -€8,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,272 | -€5,163 | -€8,435 |
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.