KAMPSE BLUES: 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.
KAMPSE BLUES
Largest movements
- Receivables within one year +€11,168
up €11,168 (+12.5%), from €89,663 to €100,831
of which Other amounts receivable: +€8,884
- Tangible fixed assets +€3,048
up €3,048 (+98.7%), from €3,089 to €6,137
of which Other tangible fixed assets: +€3,173
- Cash +€2,801
up €2,801 (+12.2%), from €23,045 to €25,846
mainly Net result for the year (+€17,068) and Trade debts (+€2,497)
- Reserves +€17,050
up €17,050 (+16.6%), from €102,433 to €119,483
- Trade debts +€2,497
up €2,497 (+66.8%), from €3,741 to €6,238
- Tax, wage and social debts -€2,170
down €2,170 (-36.5%), from €5,940 to €3,770
of which Remuneration and social security: -€1,563
- Staff costs -€14,394
down €14,394 (-45.6%), from €31,539 to €17,145
- Gross operating margin -€11,753
down €11,753 (-22.8%), from €51,554 to €39,801
- Taxes +€810
up €810 (+11.5%), from €7,035 to €7,845
- Depreciation +€614
up €614 (+36.9%), from €1,665 to €2,279
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 | €125,317 | €142,742 | +€17,425 | +13.9% |
| Fixed assets | 21/28 | €3,089 | €6,137 | +€3,048 | +98.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €3,089 | €6,137 | +€3,048 | +98.7% |
| Plant, machinery and equipment | 23 | €1,709 | €1,033 | -€676 | -39.6% |
| Furniture and vehicles | 24 | €112 | €663 | +€551 | +491% |
| Other tangible fixed assets | 26 | €1,268 | €4,441 | +€3,173 | +250% |
| Current assets | 29/58 | €122,228 | €136,605 | +€14,377 | +11.8% |
| Stocks and contracts in progress | 3 | €6,722 | €6,962 | +€239 | +3.6% |
| Stocks | 30/36 | €6,722 | €6,962 | +€239 | +3.6% |
| Amounts receivable within one year | 40/41 | €89,663 | €100,831 | +€11,168 | +12.5% |
| Trade receivables | 40 | €105 | €2,389 | +€2,284 | +2,171% |
| Other amounts receivable | 41 | €89,558 | €98,442 | +€8,884 | +9.9% |
| Cash at bank and in hand | 54/58 | €23,045 | €25,846 | +€2,801 | +12.2% |
| Deferred charges and accrued income | 490/1 | €2,798 | €2,966 | +€168 | +6.0% |
| Total equity and liabilities | 10/49 | €125,317 | €142,742 | +€17,425 | +13.9% |
| Equity | 10/15 | €112,460 | €129,528 | +€17,068 | +15.2% |
| Contributions | 10/11 | €9,860 | €9,860 | = | 0.0% |
| Reserves | 13 | €102,433 | €119,483 | +€17,050 | +16.6% |
| Distributable reserves | 133 | €102,433 | €119,483 | +€17,050 | +16.6% |
| Profit (loss) carried forward | 14 | €167 | €185 | +€18 | +10.7% |
| Amounts payable | 17/49 | €12,857 | €13,214 | +€357 | +2.8% |
| Amounts payable within one year | 42/48 | €12,857 | €13,214 | +€357 | +2.8% |
| Financial debts | 43 | €3,176 | €3,205 | +€30 | +0.9% |
| Credit institutions | 430/8 | €3,176 | €3,205 | +€30 | +0.9% |
| Trade debts | 44 | €3,741 | €6,238 | +€2,497 | +66.8% |
| Suppliers | 440/4 | €3,741 | €6,238 | +€2,497 | +66.8% |
| Taxes, remuneration and social security | 45 | €5,940 | €3,770 | -€2,170 | -36.5% |
| Taxes | 450/3 | €2,656 | €2,050 | -€607 | -22.8% |
| Remuneration and social security | 454/9 | €3,284 | €1,721 | -€1,563 | -47.6% |
| Remuneration, social security and pensions | 62 | €31,539 | €17,145 | -€14,394 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,665 | €2,279 | +€614 | +36.9% |
| Other operating charges | 640/8 | €3,438 | €3,537 | +€99 | +2.9% |
| Gross operating margin | 9900 | €51,554 | €39,801 | -€11,753 | -22.8% |
| Operating profit (loss) | 9901 | €14,912 | €16,839 | +€1,927 | +12.9% |
| Financial income | 75/76B | €8,448 | €8,696 | +€247 | +2.9% |
| Recurring financial income | 75 | €8,448 | €8,696 | +€247 | +2.9% |
| Financial charges | 65/66B | €561 | €622 | +€62 | +11.0% |
| Recurring financial charges | 65 | €561 | €622 | +€62 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €22,800 | €24,912 | +€2,113 | +9.3% |
| Income taxes | 67/77 | €7,035 | €7,845 | +€810 | +11.5% |
| Profit (loss) for the period | 9904 | €15,765 | €17,068 | +€1,303 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,765 | €17,068 | +€1,303 | +8.3% |
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 30 October 2026 via checked.be.