EL 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.
EL CAMPO
Largest movements
- Receivables within one year -€51,815
down €51,815 (-40.3%), from €128,672 to €76,856
of which Trade receivables: -€47,139
- Tangible fixed assets -€44,406
down €44,406 (-7.3%), from €611,979 to €567,573
of which Land and buildings: -€44,406
- Cash +€8,920
up €8,920 (+325%), from €2,741 to €11,662
mainly Debts after one year (+€220,215) and Receivables within one year (+€51,815)
- Debts after one year +€220,215
up €220,215 (+31.6%), from €697,323 to €917,538
of which Financial debts: +€300,000
- Tax, wage and social debts -€168,069
down €168,069 (-99.2%), from €169,361 to €1,291
- Profit (loss) carried forward -€108,666
down €108,666 (-27.6%), from -€394,068 to -€502,734
- Other debts -€30,780
down €30,780 (-19.0%), from €162,334 to €131,553
- Other operating charges -€177,630
down €177,630 (-83.0%), from €214,115 to €36,485
- Gross operating margin -€6,625
down €6,625 (-31.7%), from -€20,926 to -€27,551
- Taxes -€945
down €945 (-84.5%), from €1,118 to €173
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 | €743,941 | €656,752 | -€87,189 | -11.7% |
| Fixed assets | 21/28 | €611,979 | €567,573 | -€44,406 | -7.3% |
| Tangible fixed assets | 22/27 | €611,979 | €567,573 | -€44,406 | -7.3% |
| Land and buildings | 22 | €611,979 | €567,573 | -€44,406 | -7.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €131,962 | €89,180 | -€42,782 | -32.4% |
| Amounts receivable within one year | 40/41 | €128,672 | €76,856 | -€51,815 | -40.3% |
| Trade receivables | 40 | €108,645 | €61,506 | -€47,139 | -43.4% |
| Other amounts receivable | 41 | €20,027 | €15,350 | -€4,677 | -23.4% |
| Cash at bank and in hand | 54/58 | €2,741 | €11,662 | +€8,920 | +325% |
| Deferred charges and accrued income | 490/1 | €548 | €661 | +€113 | +20.6% |
| Total equity and liabilities | 10/49 | €743,941 | €656,752 | -€87,189 | -11.7% |
| Equity | 10/15 | -€285,076 | -€393,742 | -€108,666 | -38.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,992 | €8,992 | = | 0.0% |
| Distributable reserves | 133 | €8,992 | €8,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,068 | -€502,734 | -€108,666 | -27.6% |
| Amounts payable | 17/49 | €1,029,017 | €1,050,495 | +€21,477 | +2.1% |
| Amounts payable after more than one year | 17 | €697,323 | €917,538 | +€220,215 | +31.6% |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Other amounts payable | 178/9 | €697,323 | €617,538 | -€79,785 | -11.4% |
| Amounts payable within one year | 42/48 | €331,694 | €132,845 | -€198,850 | -59.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €169,361 | €1,291 | -€168,069 | -99.2% |
| Taxes | 450/3 | €169,361 | €1,291 | -€168,069 | -99.2% |
| Other amounts payable | 47/48 | €162,334 | €131,553 | -€30,780 | -19.0% |
| Accrued charges and deferred income | 492/3 | €0 | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,406 | €44,406 | = | 0.0% |
| Other operating charges | 640/8 | €214,115 | €36,485 | -€177,630 | -83.0% |
| Non-recurring operating charges | 66A | €2,864 | €0 | -€2,864 | -100% |
| Gross operating margin | 9900 | -€20,926 | -€27,551 | -€6,625 | -31.7% |
| Operating profit (loss) | 9901 | -€282,312 | -€108,442 | +€173,869 | +61.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €56 | €50 | -€5 | -9.6% |
| Recurring financial charges | 65 | €56 | €50 | -€5 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€282,367 | -€108,493 | +€173,875 | +61.6% |
| Income taxes | 67/77 | €1,118 | €173 | -€945 | -84.5% |
| Profit (loss) for the period | 9904 | -€283,486 | -€108,666 | +€174,820 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,486 | -€108,666 | +€174,820 | +61.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.