LA CAMPAGNE: 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.
LA CAMPAGNE
Largest movements
- Receivables within one year -€188,727
down €188,727 (-55.9%), from €337,681 to €148,953
of which Other amounts receivable: -€146,880
- Stocks and contracts +€40,874
up €40,874 (+19.5%), from €209,550 to €250,423
- Tangible fixed assets -€9,598
down €9,598 (-6.7%), from €142,348 to €132,749
of which Leasing and similar rights: -€5,986
- Trade debts -€166,674
down €166,674 (-67.5%), from €247,030 to €80,356
- Profit (loss) carried forward +€29,858
up €29,858 (+23.3%), from €128,302 to €158,160
- Debts after one year -€19,387
down €19,387 (-45.0%), from €43,077 to €23,690
- Gross operating margin +€26,152
up €26,152 (+40.0%), from €65,391 to €91,544
- Other operating charges +€19,619
up €19,619 (+127%), from €15,427 to €35,046
- Financial income -€2,869
down €2,869 (-29.6%), from €9,682 to €6,813
- Taxes +€2,109
up €2,109 (+23.9%), from €8,829 to €10,939
- Financial charges -€1,366
down €1,366 (-15.6%), from €8,745 to €7,380
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €692,987 | €538,214 | -€154,773 | -22.3% |
| Fixed assets | 21/28 | €142,448 | €132,849 | -€9,598 | -6.7% |
| Tangible fixed assets | 22/27 | €142,348 | €132,749 | -€9,598 | -6.7% |
| Land and buildings | 22 | €80,651 | €75,073 | -€5,578 | -6.9% |
| Plant, machinery and equipment | 23 | - | €4,429 | +€4,429 | |
| Furniture and vehicles | 24 | €23,983 | €21,519 | -€2,463 | -10.3% |
| Leasing and similar rights | 25 | €37,714 | €31,727 | -€5,986 | -15.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €550,539 | €405,365 | -€145,174 | -26.4% |
| Stocks and contracts in progress | 3 | €209,550 | €250,423 | +€40,874 | +19.5% |
| Stocks | 30/36 | €209,550 | €250,423 | +€40,874 | +19.5% |
| Amounts receivable within one year | 40/41 | €337,681 | €148,953 | -€188,727 | -55.9% |
| Trade receivables | 40 | €138,566 | €96,719 | -€41,847 | -30.2% |
| Other amounts receivable | 41 | €199,115 | €52,235 | -€146,880 | -73.8% |
| Cash at bank and in hand | 54/58 | €1,280 | €3,894 | +€2,614 | +204% |
| Deferred charges and accrued income | 490/1 | €2,029 | €2,094 | +€66 | +3.2% |
| Total equity and liabilities | 10/49 | €692,987 | €538,214 | -€154,773 | -22.3% |
| Equity | 10/15 | €193,272 | €223,130 | +€29,858 | +15.4% |
| Contributions | 10/11 | €29,750 | €29,750 | = | 0.0% |
| Reserves | 13 | €35,220 | €35,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €32,245 | €32,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,302 | €158,160 | +€29,858 | +23.3% |
| Amounts payable | 17/49 | €499,714 | €315,084 | -€184,630 | -36.9% |
| Amounts payable after more than one year | 17 | €43,077 | €23,690 | -€19,387 | -45.0% |
| Financial debts | 170/4 | €43,077 | €23,690 | -€19,387 | -45.0% |
| Amounts payable within one year | 42/48 | €456,637 | €289,807 | -€166,830 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €18,610 | €19,387 | +€777 | +4.2% |
| Financial debts | 43 | €100,000 | €96,000 | -€4,000 | -4.0% |
| Credit institutions | 430/8 | €100,000 | €96,000 | -€4,000 | -4.0% |
| Trade debts | 44 | €247,030 | €80,356 | -€166,674 | -67.5% |
| Suppliers | 440/4 | €247,030 | €80,356 | -€166,674 | -67.5% |
| Taxes, remuneration and social security | 45 | €38,039 | €36,254 | -€1,785 | -4.7% |
| Taxes | 450/3 | €38,039 | €36,254 | -€1,785 | -4.7% |
| Other amounts payable | 47/48 | €52,958 | €57,810 | +€4,852 | +9.2% |
| Accrued charges and deferred income | 492/3 | - | €1,587 | +€1,587 | |
| Remuneration, social security and pensions | 62 | €903 | - | -€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,239 | €15,135 | +€896 | +6.3% |
| Other operating charges | 640/8 | €15,427 | €35,046 | +€19,619 | +127% |
| Gross operating margin | 9900 | €65,391 | €91,544 | +€26,152 | +40.0% |
| Operating profit (loss) | 9901 | €34,823 | €41,363 | +€6,540 | +18.8% |
| Financial income | 75/76B | €9,682 | €6,813 | -€2,869 | -29.6% |
| Recurring financial income | 75 | €9,682 | €6,813 | -€2,869 | -29.6% |
| Financial charges | 65/66B | €8,745 | €7,380 | -€1,366 | -15.6% |
| Recurring financial charges | 65 | €8,745 | €7,380 | -€1,366 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €35,760 | €40,796 | +€5,037 | +14.1% |
| Income taxes | 67/77 | €8,829 | €10,939 | +€2,109 | +23.9% |
| Profit (loss) for the period | 9904 | €26,930 | €29,858 | +€2,927 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,930 | €29,858 | +€2,927 | +10.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.