ClimateCamp: 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.
ClimateCamp
Largest movements
- Intangible fixed assets +€339,088
up €339,088 (+64.6%), from €525,014 to €864,103
- Receivables within one year +€247,876
up €247,876 (+69.6%), from €356,376 to €604,251
of which Trade receivables: +€341,328
- Cash -€160,763
down €160,763 (-77.7%), from €206,948 to €46,185
mainly Net result for the year (-€778,092) and Investment in fixed assets (net) (-€571,095)
- Financial fixed assets +€107,323
up €107,323 (+34.8%), from €308,427 to €415,750
- Deferred charges and accrued income +€28,824
up €28,824 (+5,961%), from €484 to €29,308
- Profit (loss) carried forward +€1.2m
up €1.2m, from -€1.2m to €0
- Debts after one year -€450,760
down €450,760 (-42.2%), from €1.1m to €618,653
- Short-term financial debts +€166,363
new in 2025: €166,363
- Other debts -€159,478
down €159,478 (-66.3%), from €240,594 to €81,116
- Accrued charges and deferred income -€126,426
down €126,426 (-67.9%), from €186,117 to €59,691
- Staff costs +€286,249
up €286,249 (+51.4%), from €557,234 to €843,483
- Depreciation +€57,964
up €57,964 (+79.9%), from €72,575 to €130,539
- Gross operating margin -€21,392
down €21,392 (-7.7%), from €276,776 to €255,384
- Financial charges -€3,874
down €3,874 (-6.4%), from €60,747 to €56,873
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 | €1,410,854 | €1,967,348 | +€556,494 | +39.4% |
| Fixed assets | 21/28 | €847,047 | €1,287,604 | +€440,557 | +52.0% |
| Intangible fixed assets | 21 | €525,014 | €864,103 | +€339,088 | +64.6% |
| Tangible fixed assets | 22/27 | €13,605 | €7,751 | -€5,854 | -43.0% |
| Plant, machinery and equipment | 23 | €13,605 | €7,751 | -€5,854 | -43.0% |
| Financial fixed assets | 28 | €308,427 | €415,750 | +€107,323 | +34.8% |
| Current assets | 29/58 | €563,807 | €679,744 | +€115,937 | +20.6% |
| Amounts receivable within one year | 40/41 | €356,376 | €604,251 | +€247,876 | +69.6% |
| Trade receivables | 40 | €256,233 | €597,561 | +€341,328 | +133% |
| Other amounts receivable | 41 | €100,143 | €6,690 | -€93,453 | -93.3% |
| Cash at bank and in hand | 54/58 | €206,948 | €46,185 | -€160,763 | -77.7% |
| Deferred charges and accrued income | 490/1 | €484 | €29,308 | +€28,824 | +5,961% |
| Total equity and liabilities | 10/49 | €1,410,854 | €1,967,348 | +€556,494 | +39.4% |
| Equity | 10/15 | -€525,432 | €741,736 | +€1.3m | |
| Contributions | 10/11 | €709,932 | €741,736 | +€31,804 | +4.5% |
| Profit (loss) carried forward | 14 | -€1,235,364 | €0 | +€1.2m | |
| Amounts payable | 17/49 | €1,936,286 | €1,225,612 | -€710,675 | -36.7% |
| Amounts payable after more than one year | 17 | €1,069,413 | €618,653 | -€450,760 | -42.2% |
| Financial debts | 170/4 | €1,069,413 | €618,653 | -€450,760 | -42.2% |
| Amounts payable within one year | 42/48 | €680,756 | €547,268 | -€133,489 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €84,389 | €89,397 | +€5,008 | +5.9% |
| Financial debts | 43 | - | €166,363 | +€166,363 | |
| Other loans | 439 | - | €166,363 | +€166,363 | |
| Trade debts | 44 | €247,761 | €140,077 | -€107,683 | -43.5% |
| Suppliers | 440/4 | €247,761 | €140,077 | -€107,683 | -43.5% |
| Taxes, remuneration and social security | 45 | €108,013 | €70,315 | -€37,698 | -34.9% |
| Taxes | 450/3 | €11,284 | €21,035 | +€9,752 | +86.4% |
| Remuneration and social security | 454/9 | €96,729 | €49,279 | -€47,450 | -49.1% |
| Other amounts payable | 47/48 | €240,594 | €81,116 | -€159,478 | -66.3% |
| Accrued charges and deferred income | 492/3 | €186,117 | €59,691 | -€126,426 | -67.9% |
| Remuneration, social security and pensions | 62 | €557,234 | €843,483 | +€286,249 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,575 | €130,539 | +€57,964 | +79.9% |
| Other operating charges | 640/8 | €4,526 | €3,092 | -€1,434 | -31.7% |
| Gross operating margin | 9900 | €276,776 | €255,384 | -€21,392 | -7.7% |
| Operating profit (loss) | 9901 | -€357,559 | -€721,730 | -€364,171 | -102% |
| Financial income | 75/76B | €488 | €643 | +€155 | +31.9% |
| Recurring financial income | 75 | €488 | €643 | +€155 | +31.9% |
| Financial charges | 65/66B | €60,747 | €56,873 | -€3,874 | -6.4% |
| Recurring financial charges | 65 | €60,747 | €56,873 | -€3,874 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€417,818 | -€777,960 | -€360,141 | -86.2% |
| Income taxes | 67/77 | €114 | €132 | +€18 | +15.4% |
| Profit (loss) for the period | 9904 | -€417,932 | -€778,092 | -€360,159 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€417,932 | -€778,092 | -€360,159 | -86.2% |
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 15 October 2026 via checked.be.