MA CAMPAGNE EXPRESS: what changed
What changed
MA CAMPAGNE EXPRESS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€74,928
2024 · -€115,689+€190,617
Equity
€92,993
2024 · €74,314+€18,678
Cash
€136,767
2024 · €137,465-€698
Balance sheet total
€663,965
2024 · €766,657-€102,692
Largest movements
Assets
- Tangible fixed assets -€27,782
down €27,782 (-19.2%), from €144,369 to €116,586
of which Plant, machinery and equipment: -€26,359
- Receivables after one year -€26,560
down €26,560 (-11.2%), from €237,733 to €211,174
- Stocks and contracts -€24,735
down €24,735 (-16.5%), from €150,229 to €125,494
- Receivables within one year -€20,787
down €20,787 (-74.0%), from €28,108 to €7,321
of which Other amounts receivable: -€21,252
Equity and liabilities
- Trade debts -€141,393
down €141,393 (-30.7%), from €461,179 to €319,786
- Profit (loss) carried forward +€74,928
up €74,928, from -€74,305 to €623
- Reserves -€55,000
down €55,000 (-41.4%), from €133,000 to €78,000
of which Distributable reserves: -€55,000
- Other debts +€51,629
up €51,629 (+50.0%), from €103,219 to €154,848
- Debts after one year -€13,637
no longer reported in 2025 (was €13,637)
Income statement
- Gross operating margin +€229,692
up €229,692 (+88.9%), from €258,386 to €488,079
- Staff costs +€33,645
up €33,645 (+10.9%), from €309,247 to €342,892
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€115,689
Gross operating margin
+€229,692
Staff costs
-€33,645
Depreciation
-€505
Other operating charges
-€1,229
Financial income
-€1,128
Financial charges
-€2,716
Taxes
+€147
Result 2025
€74,928
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€91,038
Investment
-€8,695
Financing
-€83,040
Cash 2024
€137,465
From operations (derived)
+€91,038
Net result for the year
+€74,928
Depreciation
+€36,477
Receivables after one year
+€26,560
Stocks and contracts
+€24,735
Receivables within one year
+€20,787
Deferred charges and accrued income
+€2,131
Trade debts
-€141,393
Tax, wage and social debts
-€3,520
Other debts
+€51,629
Accrued charges and deferred income
-€1,295
Investment (derived)
-€8,695
Investment in fixed assets (net)
-€8,695
Financing
-€83,040
Debts after one year
-€13,637
Current portion of long-term debt
-€13,154
Contributions, distributions and other
-€56,249
Cash 2025
€136,767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €766,657 | €663,965 | -€102,692 | -13.4% |
| Fixed assets | 21/28 | €150,115 | €122,333 | -€27,782 | -18.5% |
| Tangible fixed assets | 22/27 | €144,369 | €116,586 | -€27,782 | -19.2% |
| Plant, machinery and equipment | 23 | €135,504 | €109,145 | -€26,359 | -19.5% |
| Furniture and vehicles | 24 | €8,865 | €7,442 | -€1,423 | -16.1% |
| Financial fixed assets | 28 | €5,746 | €5,746 | = | 0.0% |
| Current assets | 29/58 | €616,542 | €541,633 | -€74,910 | -12.1% |
| Amounts receivable after more than one year | 29 | €237,733 | €211,174 | -€26,560 | -11.2% |
| Other amounts receivable | 291 | €237,733 | €211,174 | -€26,560 | -11.2% |
| Stocks and contracts in progress | 3 | €150,229 | €125,494 | -€24,735 | -16.5% |
| Stocks | 30/36 | €150,229 | €125,494 | -€24,735 | -16.5% |
| Amounts receivable within one year | 40/41 | €28,108 | €7,321 | -€20,787 | -74.0% |
| Trade receivables | 40 | €863 | €1,329 | +€465 | +53.9% |
| Other amounts receivable | 41 | €27,244 | €5,992 | -€21,252 | -78.0% |
| Cash at bank and in hand | 54/58 | €137,465 | €136,767 | -€698 | -0.5% |
| Deferred charges and accrued income | 490/1 | €63,008 | €60,877 | -€2,131 | -3.4% |
| Total equity and liabilities | 10/49 | €766,657 | €663,965 | -€102,692 | -13.4% |
| Equity | 10/15 | €74,314 | €92,993 | +€18,678 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,000 | €78,000 | -€55,000 | -41.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €75,000 | -€55,000 | -42.3% |
| Profit (loss) carried forward | 14 | -€74,305 | €623 | +€74,928 | |
| Investment grants | 15 | €9,419 | €8,170 | -€1,249 | -13.3% |
| Provisions and deferred taxes | 16 | €11,269 | €11,269 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,269 | €11,269 | = | 0.0% |
| Other liabilities and charges | 164/5 | €11,269 | €11,269 | = | 0.0% |
| Amounts payable | 17/49 | €681,074 | €559,704 | -€121,370 | -17.8% |
| Amounts payable after more than one year | 17 | €13,637 | - | -€13,637 | |
| Financial debts | 170/4 | €13,637 | - | -€13,637 | |
| Amounts payable within one year | 42/48 | €641,373 | €534,936 | -€106,438 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €29,050 | €15,896 | -€13,154 | -45.3% |
| Trade debts | 44 | €461,179 | €319,786 | -€141,393 | -30.7% |
| Suppliers | 440/4 | €461,179 | €319,786 | -€141,393 | -30.7% |
| Taxes, remuneration and social security | 45 | €47,926 | €44,406 | -€3,520 | -7.3% |
| Taxes | 450/3 | €2,011 | €1,900 | -€111 | -5.5% |
| Remuneration and social security | 454/9 | €45,915 | €42,506 | -€3,409 | -7.4% |
| Other amounts payable | 47/48 | €103,219 | €154,848 | +€51,629 | +50.0% |
| Accrued charges and deferred income | 492/3 | €26,063 | €24,768 | -€1,295 | -5.0% |
| Remuneration, social security and pensions | 62 | €309,247 | €342,892 | +€33,645 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,972 | €36,477 | +€505 | +1.4% |
| Other operating charges | 640/8 | €3,575 | €4,803 | +€1,229 | +34.4% |
| Gross operating margin | 9900 | €258,386 | €488,079 | +€229,692 | +88.9% |
| Operating profit (loss) | 9901 | -€90,407 | €103,907 | +€194,314 | |
| Financial income | 75/76B | €2,797 | €1,668 | -€1,128 | -40.3% |
| Recurring financial income | 75 | €2,797 | €1,668 | -€1,128 | -40.3% |
| Financial charges | 65/66B | €26,032 | €28,747 | +€2,716 | +10.4% |
| Recurring financial charges | 65 | €26,032 | €28,747 | +€2,716 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€113,642 | €76,828 | +€190,470 | |
| Income taxes | 67/77 | €2,047 | €1,900 | -€147 | -7.2% |
| Profit (loss) for the period | 9904 | -€115,689 | €74,928 | +€190,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115,689 | €74,928 | +€190,617 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.