CAMPO: 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.
CAMPO
Largest movements
- Cash +€22,958
up €22,958 (+115.9%), from €19,810 to €42,768
mainly Debts after one year (+€31,077) and Net result for the year (+€24,470)
- Tangible fixed assets +€20,709
up €20,709 (+56.0%), from €37,004 to €57,713
of which Furniture and vehicles: +€24,693
- Receivables within one year -€1,755
down €1,755 (-2.8%), from €61,919 to €60,165
of which Trade receivables: -€1,755
- Debts after one year +€31,077
up €31,077 (+317.8%), from €9,780 to €40,858
- Profit (loss) carried forward +€13,150
up €13,150 (+105.5%), from €12,459 to €25,610
- Reserves +€11,320
up €11,320 (+113.5%), from €9,976 to €21,296
of which Distributable reserves: +€11,320
- Other debts -€11,319
down €11,319 (-68.4%), from €16,550 to €5,231
- Tax, wage and social debts +€5,202
up €5,202 (+54.1%), from €9,606 to €14,808
- Gross operating margin +€17,822
up €17,822 (+47.0%), from €37,955 to €55,777
- Depreciation -€12,346
down €12,346 (-50.5%), from €24,455 to €12,109
- Other operating charges +€10,837
up €10,837 (+933.6%), from €1,161 to €11,998
- Taxes +€4,422
up €4,422 (+544.8%), from €812 to €5,233
- Financial charges -€1,572
down €1,572 (-44.4%), from €3,538 to €1,967
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 | €118,733 | €160,645 | +€41,912 | +35.3% |
| Fixed assets | 21/28 | €37,004 | €57,713 | +€20,709 | +56.0% |
| Tangible fixed assets | 22/27 | €37,004 | €57,713 | +€20,709 | +56.0% |
| Plant, machinery and equipment | 23 | €9,952 | €5,967 | -€3,985 | -40.0% |
| Furniture and vehicles | 24 | €27,052 | €51,745 | +€24,693 | +91.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €81,729 | €102,933 | +€21,204 | +25.9% |
| Amounts receivable within one year | 40/41 | €61,919 | €60,165 | -€1,755 | -2.8% |
| Trade receivables | 40 | €61,919 | €60,165 | -€1,755 | -2.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,810 | €42,768 | +€22,958 | +115.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €118,733 | €160,645 | +€41,912 | +35.3% |
| Equity | 10/15 | €28,635 | €53,106 | +€24,470 | +85.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,976 | €21,296 | +€11,320 | +113.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,976 | €21,296 | +€11,320 | +113.5% |
| Profit (loss) carried forward | 14 | €12,459 | €25,610 | +€13,150 | +105.5% |
| Amounts payable | 17/49 | €90,098 | €107,540 | +€17,442 | +19.4% |
| Amounts payable after more than one year | 17 | €9,780 | €40,858 | +€31,077 | +317.8% |
| Financial debts | 170/4 | €9,780 | €40,858 | +€31,077 | +317.8% |
| Amounts payable within one year | 42/48 | €80,318 | €66,682 | -€13,635 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €12,375 | €10,031 | -€2,344 | -18.9% |
| Trade debts | 44 | €41,787 | €36,612 | -€5,175 | -12.4% |
| Suppliers | 440/4 | €41,787 | €36,612 | -€5,175 | -12.4% |
| Taxes, remuneration and social security | 45 | €9,606 | €14,808 | +€5,202 | +54.1% |
| Taxes | 450/3 | €9,606 | €14,808 | +€5,202 | +54.1% |
| Other amounts payable | 47/48 | €16,550 | €5,231 | -€11,319 | -68.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,455 | €12,109 | -€12,346 | -50.5% |
| Other operating charges | 640/8 | €1,161 | €11,998 | +€10,837 | +933.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,955 | €55,777 | +€17,822 | +47.0% |
| Operating profit (loss) | 9901 | €12,340 | €31,670 | +€19,330 | +156.6% |
| Financial income | 75/76B | €126 | €0 | -€126 | -100.0% |
| Recurring financial income | 75 | €126 | €0 | -€126 | -100.0% |
| Financial charges | 65/66B | €3,538 | €1,967 | -€1,572 | -44.4% |
| Recurring financial charges | 65 | €3,538 | €1,967 | -€1,572 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €8,928 | €29,704 | +€20,776 | +232.7% |
| Income taxes | 67/77 | €812 | €5,233 | +€4,422 | +544.8% |
| Profit (loss) for the period | 9904 | €8,116 | €24,470 | +€16,354 | +201.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,116 | €24,470 | +€16,354 | +201.5% |
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 12 October 2026 via checked.be.