LABELS VAN CAMPENHOUDT: 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.
LABELS VAN CAMPENHOUDT
Largest movements
- Tangible fixed assets -€16,167
down €16,167 (-9.9%), from €164,094 to €147,927
of which Land and buildings: -€14,297
- Cash +€15,288
up €15,288 (+23.9%), from €63,892 to €79,180
mainly Depreciation (+€25,465) and Receivables within one year (+€8,870)
- Receivables within one year -€8,870
down €8,870 (-69.7%), from €12,733 to €3,863
of which Other amounts receivable: -€5,000
- Profit (loss) carried forward -€5,853
down €5,853 (-2.1%), from €278,864 to €273,011
- Gross operating margin +€7,547
up €7,547 (+44.7%), from €16,890 to €24,437
- Depreciation +€895
up €895 (+3.6%), from €24,570 to €25,465
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 | €469,823 | €460,074 | -€9,749 | -2.1% |
| Fixed assets | 21/28 | €387,198 | €371,031 | -€16,167 | -4.2% |
| Tangible fixed assets | 22/27 | €164,094 | €147,927 | -€16,167 | -9.9% |
| Land and buildings | 22 | €156,725 | €142,428 | -€14,297 | -9.1% |
| Plant, machinery and equipment | 23 | €2,219 | €1,447 | -€772 | -34.8% |
| Furniture and vehicles | 24 | €877 | €537 | -€340 | -38.8% |
| Leasing and similar rights | 25 | €4,273 | €3,515 | -€758 | -17.7% |
| Financial fixed assets | 28 | €223,104 | €223,104 | = | 0.0% |
| Current assets | 29/58 | €82,625 | €89,043 | +€6,418 | +7.8% |
| Amounts receivable within one year | 40/41 | €12,733 | €3,863 | -€8,870 | -69.7% |
| Trade receivables | 40 | €7,733 | €3,863 | -€3,870 | -50.0% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €63,892 | €79,180 | +€15,288 | +23.9% |
| Deferred charges and accrued income | 490/1 | €6,000 | €6,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €469,823 | €460,074 | -€9,749 | -2.1% |
| Equity | 10/15 | €415,814 | €409,961 | -€5,853 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €74,950 | €74,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,750 | €68,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,864 | €273,011 | -€5,853 | -2.1% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €44,009 | €40,113 | -€3,896 | -8.9% |
| Amounts payable after more than one year | 17 | €240 | - | -€240 | |
| Other amounts payable | 178/9 | €240 | - | -€240 | |
| Amounts payable within one year | 42/48 | €43,769 | €40,113 | -€3,656 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €1,556 | - | -€1,556 | |
| Financial debts | 43 | €3,693 | - | -€3,693 | |
| Credit institutions | 430/8 | €3,693 | - | -€3,693 | |
| Trade debts | 44 | €8,512 | €7,973 | -€539 | -6.3% |
| Suppliers | 440/4 | €8,512 | €7,973 | -€539 | -6.3% |
| Taxes, remuneration and social security | 45 | €2,446 | €2,579 | +€133 | +5.4% |
| Taxes | 450/3 | €2,446 | €2,579 | +€133 | +5.4% |
| Other amounts payable | 47/48 | €27,562 | €29,561 | +€1,999 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,570 | €25,465 | +€895 | +3.6% |
| Other operating charges | 640/8 | €4,263 | €4,424 | +€161 | +3.8% |
| Gross operating margin | 9900 | €16,890 | €24,437 | +€7,547 | +44.7% |
| Operating profit (loss) | 9901 | -€11,943 | -€5,452 | +€6,491 | +54.3% |
| Financial charges | 65/66B | €343 | €401 | +€58 | +16.9% |
| Recurring financial charges | 65 | €343 | €401 | +€58 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,286 | -€5,853 | +€6,433 | +52.4% |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | -€12,293 | -€5,853 | +€6,440 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,293 | -€5,853 | +€6,440 | +52.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.