el campesino: what changed
el campesino
Largest movements
- Receivables within one year +€29,493
up €29,493 (+134%), from €21,942 to €51,436
of which Trade receivables: +€24,319
- Tangible fixed assets -€19,352
down €19,352 (-9.3%), from €207,355 to €188,003
- Current investments -€19,000
down €19,000 (-56.7%), from €33,500 to €14,500
- Cash -€16,908
down €16,908 (-25.6%), from €66,131 to €49,223
mainly Contributions, distributions and other (-€43,945) and Receivables within one year (-€29,493)
- Other debts +€28,036
up €28,036 (+51.3%), from €54,619 to €82,655
- Debts after one year -€26,866
down €26,866 (-41.8%), from €64,245 to €37,380
- Reserves -€25,992
down €25,992 (-16.1%), from €161,431 to €135,439
- Current portion of long-term debt -€12,596
down €12,596 (-31.9%), from €39,461 to €26,866
- Profit (loss) carried forward +€7,592
up €7,592, from -€7,592 to €0
- Gross operating margin +€40,830
up €40,830 (+121%), from €33,715 to €74,545
- Depreciation -€8,147
down €8,147 (-18.9%), from €43,174 to €35,027
- Taxes +€7,116
up €7,116 (+6,815%), from €104 to €7,220
- Financial income -€5,430
down €5,430 (-80.5%), from €6,750 to €1,320
- Financial charges -€790
down €790 (-27.1%), from €2,920 to €2,130
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,307 | €309,775 | -€23,532 | -7.1% |
| Fixed assets | 21/28 | €207,605 | €188,253 | -€19,352 | -9.3% |
| Tangible fixed assets | 22/27 | €207,355 | €188,003 | -€19,352 | -9.3% |
| Land and buildings | 22 | €116,261 | €111,538 | -€4,722 | -4.1% |
| Plant, machinery and equipment | 23 | €48,435 | €42,647 | -€5,787 | -11.9% |
| Furniture and vehicles | 24 | €38,764 | €33,817 | -€4,947 | -12.8% |
| Leasing and similar rights | 25 | €3,896 | €0 | -€3,896 | -100% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €125,702 | €121,522 | -€4,180 | -3.3% |
| Amounts receivable within one year | 40/41 | €21,942 | €51,436 | +€29,493 | +134% |
| Trade receivables | 40 | €11,793 | €36,112 | +€24,319 | +206% |
| Other amounts receivable | 41 | €10,149 | €15,323 | +€5,174 | +51.0% |
| Current investments | 50/53 | €33,500 | €14,500 | -€19,000 | -56.7% |
| Cash at bank and in hand | 54/58 | €66,131 | €49,223 | -€16,908 | -25.6% |
| Deferred charges and accrued income | 490/1 | €4,129 | €6,363 | +€2,235 | +54.1% |
| Total equity and liabilities | 10/49 | €333,307 | €309,775 | -€23,532 | -7.1% |
| Equity | 10/15 | €166,239 | €147,839 | -€18,400 | -11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €161,431 | €135,439 | -€25,992 | -16.1% |
| Distributable reserves | 133 | €161,431 | €135,439 | -€25,992 | -16.1% |
| Profit (loss) carried forward | 14 | -€7,592 | €0 | +€7,592 | |
| Amounts payable | 17/49 | €167,068 | €161,936 | -€5,132 | -3.1% |
| Amounts payable after more than one year | 17 | €64,245 | €37,380 | -€26,866 | -41.8% |
| Financial debts | 170/4 | €64,245 | €37,380 | -€26,866 | -41.8% |
| Amounts payable within one year | 42/48 | €102,823 | €124,556 | +€21,734 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €39,461 | €26,866 | -€12,596 | -31.9% |
| Trade debts | 44 | €4,564 | €4,465 | -€99 | -2.2% |
| Suppliers | 440/4 | €4,564 | €4,465 | -€99 | -2.2% |
| Taxes, remuneration and social security | 45 | €4,179 | €10,571 | +€6,392 | +153% |
| Taxes | 450/3 | €4,179 | €10,571 | +€6,392 | +153% |
| Other amounts payable | 47/48 | €54,619 | €82,655 | +€28,036 | +51.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €188 | +€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,174 | €35,027 | -€8,147 | -18.9% |
| Other operating charges | 640/8 | €1,362 | €1,859 | +€497 | +36.5% |
| Non-recurring operating charges | 66A | €497 | €3,896 | +€3,399 | +684% |
| Gross operating margin | 9900 | €33,715 | €74,545 | +€40,830 | +121% |
| Operating profit (loss) | 9901 | -€11,318 | €33,575 | +€44,893 | |
| Financial income | 75/76B | €6,750 | €1,320 | -€5,430 | -80.5% |
| Recurring financial income | 75 | €6,750 | €1,320 | -€5,430 | -80.5% |
| Financial charges | 65/66B | €2,920 | €2,130 | -€790 | -27.1% |
| Recurring financial charges | 65 | €2,920 | €2,130 | -€790 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,488 | €32,765 | +€40,253 | |
| Income taxes | 67/77 | €104 | €7,220 | +€7,116 | +6,815% |
| Profit (loss) for the period | 9904 | -€7,592 | €25,545 | +€33,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,592 | €25,545 | +€33,137 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.