Happy Campers: 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.
Happy Campers
Largest movements
- Cash -€21,049
down €21,049 (-32.3%), from €65,138 to €44,089
mainly Stocks and contracts (-€15,863) and Investment in fixed assets (net) (-€14,081)
- Stocks and contracts +€15,863
up €15,863 (+118%), from €13,435 to €29,298
- Tangible fixed assets +€14,086
new in 2025: €14,086
- Deferred charges and accrued income +€4,938
up €4,938 (+4,709%), from €105 to €5,043
- Receivables within one year -€3,213
down €3,213 (-95.8%), from €3,355 to €141
- Reserves +€16,715
up €16,715 (+33.0%), from €50,621 to €67,336
- Tax, wage and social debts -€3,591
down €3,591 (-30.2%), from €11,900 to €8,309
- Trade debts -€2,249
down €2,249 (-32.3%), from €6,964 to €4,715
- Gross operating margin +€5,481
up €5,481 (+23.4%), from €23,403 to €28,884
- Taxes +€3,267
up €3,267 (+78.5%), from €4,162 to €7,429
- Financial charges -€1,144
down €1,144 (-27.9%), from €4,095 to €2,951
- Other operating charges +€961
up €961 (+181%), from €529 to €1,490
- Depreciation +€495
new in 2025: €495
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 | €82,532 | €92,657 | +€10,125 | +12.3% |
| Fixed assets | 21/28 | €500 | €14,086 | +€13,586 | +2,717% |
| Tangible fixed assets | 22/27 | - | €14,086 | +€14,086 | |
| Furniture and vehicles | 24 | - | €14,086 | +€14,086 | |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €82,032 | €78,572 | -€3,461 | -4.2% |
| Stocks and contracts in progress | 3 | €13,435 | €29,298 | +€15,863 | +118% |
| Stocks | 30/36 | €13,435 | €29,298 | +€15,863 | +118% |
| Amounts receivable within one year | 40/41 | €3,355 | €141 | -€3,213 | -95.8% |
| Other amounts receivable | 41 | €3,355 | €141 | -€3,213 | -95.8% |
| Cash at bank and in hand | 54/58 | €65,138 | €44,089 | -€21,049 | -32.3% |
| Deferred charges and accrued income | 490/1 | €105 | €5,043 | +€4,938 | +4,709% |
| Total equity and liabilities | 10/49 | €82,532 | €92,657 | +€10,125 | +12.3% |
| Equity | 10/15 | €59,621 | €76,336 | +€16,715 | +28.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €50,621 | €67,336 | +€16,715 | +33.0% |
| Distributable reserves | 133 | €50,621 | €67,336 | +€16,715 | +33.0% |
| Amounts payable | 17/49 | €22,911 | €16,321 | -€6,590 | -28.8% |
| Amounts payable within one year | 42/48 | €22,500 | €16,321 | -€6,178 | -27.5% |
| Financial debts | 43 | €2,616 | €2,853 | +€237 | +9.1% |
| Other loans | 439 | €2,616 | €2,853 | +€237 | +9.1% |
| Trade debts | 44 | €6,964 | €4,715 | -€2,249 | -32.3% |
| Suppliers | 440/4 | €6,964 | €4,715 | -€2,249 | -32.3% |
| Advances received on contracts in progress | 46 | €1,020 | €445 | -€575 | -56.4% |
| Taxes, remuneration and social security | 45 | €11,900 | €8,309 | -€3,591 | -30.2% |
| Taxes | 450/3 | €11,900 | €8,309 | -€3,591 | -30.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €411 | €0 | -€411 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €495 | +€495 | |
| Other operating charges | 640/8 | €529 | €1,490 | +€961 | +181% |
| Gross operating margin | 9900 | €23,403 | €28,884 | +€5,481 | +23.4% |
| Operating profit (loss) | 9901 | €22,874 | €26,899 | +€4,025 | +17.6% |
| Financial income | 75/76B | €2 | €196 | +€195 | +12,908% |
| Recurring financial income | 75 | €2 | €196 | +€195 | +12,908% |
| Financial charges | 65/66B | €4,095 | €2,951 | -€1,144 | -27.9% |
| Recurring financial charges | 65 | €4,095 | €2,951 | -€1,144 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €18,780 | €24,144 | +€5,365 | +28.6% |
| Income taxes | 67/77 | €4,162 | €7,429 | +€3,267 | +78.5% |
| Profit (loss) for the period | 9904 | €14,618 | €16,715 | +€2,097 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,618 | €16,715 | +€2,097 | +14.3% |
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 25 October 2026 via checked.be.