Campau: 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.
Campau
Largest movements
- Tangible fixed assets +€996,565
up €996,565 (+36.7%), from €2.7m to €3.7m
of which Assets under construction and advance payments: +€1.1m
- Current investments -€174,611
down €174,611 (-9.2%), from €1.9m to €1.7m
- Cash -€70,190
down €70,190 (-32.0%), from €219,642 to €149,452
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€16,508)
- Debts after one year +€524,220
up €524,220 (+72.9%), from €719,256 to €1.2m
- Profit (loss) carried forward +€145,313
up €145,313, from -€49,157 to €96,156
- Financial income +€236,205
up €236,205 (+14,762,823%), from €2 to €236,207
- Financial charges +€32,089
up €32,089 (+409%), from €7,841 to €39,930
- Gross operating margin -€8,590
down €8,590 (-11.6%), from €73,860 to €65,269
- Depreciation -€7,242
down €7,242 (-6.2%), from €117,315 to €110,073
- Other operating charges -€1,029
down €1,029 (-14.7%), from €6,987 to €5,957
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 | €4,846,002 | €5,612,662 | +€766,660 | +15.8% |
| Fixed assets | 21/28 | €2,713,758 | €3,710,323 | +€996,565 | +36.7% |
| Tangible fixed assets | 22/27 | €2,713,258 | €3,709,823 | +€996,565 | +36.7% |
| Land and buildings | 22 | €2,396,236 | €2,310,865 | -€85,371 | -3.6% |
| Plant, machinery and equipment | 23 | €1,013 | €237 | -€776 | -76.6% |
| Furniture and vehicles | 24 | €1,816 | €1,164 | -€652 | -35.9% |
| Assets under construction and advance payments | 27 | €314,193 | €1,397,558 | +€1.1m | +345% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,132,244 | €1,902,338 | -€229,905 | -10.8% |
| Amounts receivable within one year | 40/41 | €764 | €17,271 | +€16,508 | +2,162% |
| Trade receivables | 40 | €764 | €841 | +€77 | +10.1% |
| Other amounts receivable | 41 | - | €16,431 | +€16,431 | |
| Current investments | 50/53 | €1,907,167 | €1,732,556 | -€174,611 | -9.2% |
| Cash at bank and in hand | 54/58 | €219,642 | €149,452 | -€70,190 | -32.0% |
| Deferred charges and accrued income | 490/1 | €4,670 | €3,059 | -€1,611 | -34.5% |
| Total equity and liabilities | 10/49 | €4,846,002 | €5,612,662 | +€766,660 | +15.8% |
| Equity | 10/15 | €2,284,098 | €2,429,411 | +€145,313 | +6.4% |
| Contributions | 10/11 | €2,250,000 | €2,250,000 | = | 0.0% |
| Reserves | 13 | €83,255 | €83,255 | = | 0.0% |
| Distributable reserves | 133 | €83,255 | €83,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,157 | €96,156 | +€145,313 | |
| Amounts payable | 17/49 | €2,561,904 | €3,183,251 | +€621,347 | +24.3% |
| Amounts payable after more than one year | 17 | €719,256 | €1,243,476 | +€524,220 | +72.9% |
| Financial debts | 170/4 | €719,256 | €1,243,476 | +€524,220 | +72.9% |
| Amounts payable within one year | 42/48 | €1,841,583 | €1,939,775 | +€98,192 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €89,360 | €140,841 | +€51,481 | +57.6% |
| Trade debts | 44 | €103,389 | €149,525 | +€46,137 | +44.6% |
| Suppliers | 440/4 | €103,389 | €149,525 | +€46,137 | +44.6% |
| Taxes, remuneration and social security | 45 | €14,154 | €17,304 | +€3,150 | +22.3% |
| Taxes | 450/3 | €14,154 | €17,304 | +€3,150 | +22.3% |
| Other amounts payable | 47/48 | €1,634,681 | €1,632,105 | -€2,576 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,065 | - | -€1,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,315 | €110,073 | -€7,242 | -6.2% |
| Other operating charges | 640/8 | €6,987 | €5,957 | -€1,029 | -14.7% |
| Gross operating margin | 9900 | €73,860 | €65,269 | -€8,590 | -11.6% |
| Operating profit (loss) | 9901 | -€50,443 | -€50,761 | -€319 | -0.6% |
| Financial income | 75/76B | €2 | €236,207 | +€236,205 | +14,762,823% |
| Recurring financial income | 75 | €2 | €236,207 | +€236,205 | +14,762,823% |
| Financial charges | 65/66B | €7,841 | €39,930 | +€32,089 | +409% |
| Recurring financial charges | 65 | €7,841 | €39,930 | +€32,089 | +409% |
| Profit (loss) for the period before taxes | 9903 | -€58,282 | €145,516 | +€203,798 | |
| Income taxes | 67/77 | €580 | €202 | -€377 | -65.1% |
| Profit (loss) for the period | 9904 | -€58,862 | €145,313 | +€204,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,862 | €145,313 | +€204,175 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.