CAMPO GRAFICO: 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 GRAFICO
Largest movements
- Tangible fixed assets +€26,572
up €26,572 (+338%), from €7,871 to €34,443
of which Leasing and similar rights: +€30,899
- Receivables within one year +€7,195
up €7,195 (+7.7%), from €93,543 to €100,739
of which Other amounts receivable: +€10,816
- Cash +€5,904
up €5,904, from €0 to €5,904
mainly Debts after one year (+€25,763) and Net result for the year (+€9,095)
- Debts after one year +€25,763
new in 2025: €25,763
- Reserves +€8,236
up €8,236 (+11.3%), from €73,025 to €81,261
- Current portion of long-term debt +€6,097
up €6,097 (+152%), from €4,000 to €10,097
- Short-term financial debts -€3,442
down €3,442 (-57.3%), from €6,007 to €2,565
- Trade debts +€2,255
up €2,255 (+40.6%), from €5,556 to €7,810
- Gross operating margin +€5,978
up €5,978 (+44.5%), from €13,441 to €19,419
- Taxes +€4,023
up €4,023 (+89.0%), from €4,522 to €8,545
- Financial charges +€508
up €508 (+102%), from €498 to €1,006
- Depreciation +€430
up €430 (+10.1%), from €4,274 to €4,704
- Financial income -€203
down €203 (-4.2%), from €4,773 to €4,570
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 | €108,359 | €147,837 | +€39,478 | +36.4% |
| Fixed assets | 21/28 | €9,386 | €35,958 | +€26,572 | +283% |
| Tangible fixed assets | 22/27 | €7,871 | €34,443 | +€26,572 | +338% |
| Furniture and vehicles | 24 | €7,871 | €3,544 | -€4,327 | -55.0% |
| Leasing and similar rights | 25 | - | €30,899 | +€30,899 | |
| Financial fixed assets | 28 | €1,515 | €1,515 | = | 0.0% |
| Current assets | 29/58 | €98,973 | €111,879 | +€12,906 | +13.0% |
| Amounts receivable within one year | 40/41 | €93,543 | €100,739 | +€7,195 | +7.7% |
| Trade receivables | 40 | €12,269 | €8,648 | -€3,620 | -29.5% |
| Other amounts receivable | 41 | €81,275 | €92,090 | +€10,816 | +13.3% |
| Cash at bank and in hand | 54/58 | €0 | €5,904 | +€5,904 | |
| Deferred charges and accrued income | 490/1 | €5,429 | €5,236 | -€193 | -3.6% |
| Total equity and liabilities | 10/49 | €108,359 | €147,837 | +€39,478 | +36.4% |
| Equity | 10/15 | €88,225 | €96,461 | +€8,236 | +9.3% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €73,025 | €81,261 | +€8,236 | +11.3% |
| Distributable reserves | 133 | €73,025 | €81,261 | +€8,236 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,134 | €51,375 | +€31,242 | +155% |
| Amounts payable after more than one year | 17 | - | €25,763 | +€25,763 | |
| Financial debts | 170/4 | - | €25,763 | +€25,763 | |
| Amounts payable within one year | 42/48 | €20,134 | €25,612 | +€5,478 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €10,097 | +€6,097 | +152% |
| Financial debts | 43 | €6,007 | €2,565 | -€3,442 | -57.3% |
| Credit institutions | 430/8 | €6,007 | €2,565 | -€3,442 | -57.3% |
| Trade debts | 44 | €5,556 | €7,810 | +€2,255 | +40.6% |
| Suppliers | 440/4 | €5,556 | €7,810 | +€2,255 | +40.6% |
| Taxes, remuneration and social security | 45 | €3,712 | €4,281 | +€569 | +15.3% |
| Taxes | 450/3 | €3,712 | €4,281 | +€569 | +15.3% |
| Other amounts payable | 47/48 | €859 | €859 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,274 | €4,704 | +€430 | +10.1% |
| Other operating charges | 640/8 | €505 | €640 | +€134 | +26.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €13,441 | €19,419 | +€5,978 | +44.5% |
| Operating profit (loss) | 9901 | €8,662 | €14,076 | +€5,414 | +62.5% |
| Financial income | 75/76B | €4,773 | €4,570 | -€203 | -4.2% |
| Recurring financial income | 75 | €4,773 | €4,570 | -€203 | -4.2% |
| Financial charges | 65/66B | €498 | €1,006 | +€508 | +102% |
| Recurring financial charges | 65 | €498 | €1,006 | +€508 | +102% |
| Profit (loss) for the period before taxes | 9903 | €12,937 | €17,640 | +€4,704 | +36.4% |
| Income taxes | 67/77 | €4,522 | €8,545 | +€4,023 | +89.0% |
| Profit (loss) for the period | 9904 | €8,415 | €9,095 | +€681 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,415 | €9,095 | +€681 | +8.1% |
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 30 October 2026 via checked.be.