MIA CAMPAGNA: what changed
Two fiscal 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.
MIA CAMPAGNA
Largest movements
- Receivables within one year +€40,977
up €40,977 (+248.0%), from €16,524 to €57,500
of which Trade receivables: +€41,224
- Cash +€1,857
up €1,857 (+5.5%), from €33,534 to €35,392
mainly Trade debts (+€31,417) and Other debts (+€9,379)
- Tangible fixed assets -€1,113
down €1,113 (-9.7%), from €11,438 to €10,325
of which Furniture and vehicles: -€612
- Trade debts +€31,417
up €31,417 (+89.0%), from €35,288 to €66,705
- Other debts +€9,379
up €9,379 (+108.8%), from €8,620 to €17,999
- Profit (loss) carried forward +€3,645
up €3,645 (+37.6%), from €9,683 to €13,328
- Tax, wage and social debts -€2,513
down €2,513 (-29.8%), from €8,431 to €5,918
of which Remuneration and social security: -€3,037
- Staff costs +€4,089
up €4,089 (+5.9%), from €69,235 to €73,323
- Gross operating margin -€3,657
down €3,657 (-4.3%), from €84,226 to €80,569
- Taxes -€1,510
down €1,510 (-62.4%), from €2,421 to €911
- Depreciation +€1,126
up €1,126 (+68.7%), from €1,638 to €2,764
- Other operating charges -€1,107
no longer reported in 2025 (was €1,107)
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.
Cash bridge derived
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 | €65,022 | €106,949 | +€41,927 | +64.5% |
| Fixed assets | 21/28 | €11,438 | €10,325 | -€1,113 | -9.7% |
| Tangible fixed assets | 22/27 | €11,438 | €10,325 | -€1,113 | -9.7% |
| Plant, machinery and equipment | 23 | €9,051 | €8,550 | -€501 | -5.5% |
| Furniture and vehicles | 24 | €2,387 | €1,776 | -€612 | -25.6% |
| Current assets | 29/58 | €53,584 | €96,624 | +€43,040 | +80.3% |
| Stocks and contracts in progress | 3 | €3,526 | €3,732 | +€206 | +5.8% |
| Stocks | 30/36 | €3,526 | €3,732 | +€206 | +5.8% |
| Amounts receivable within one year | 40/41 | €16,524 | €57,500 | +€40,977 | +248.0% |
| Trade receivables | 40 | €16,277 | €57,500 | +€41,224 | +253.3% |
| Other amounts receivable | 41 | €247 | - | -€247 | |
| Cash at bank and in hand | 54/58 | €33,534 | €35,392 | +€1,857 | +5.5% |
| Total equity and liabilities | 10/49 | €65,022 | €106,949 | +€41,927 | +64.5% |
| Equity | 10/15 | €12,683 | €16,328 | +€3,645 | +28.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,683 | €13,328 | +€3,645 | +37.6% |
| Amounts payable | 17/49 | €52,339 | €90,621 | +€38,282 | +73.1% |
| Amounts payable within one year | 42/48 | €52,339 | €90,621 | +€38,282 | +73.1% |
| Trade debts | 44 | €35,288 | €66,705 | +€31,417 | +89.0% |
| Suppliers | 440/4 | €35,288 | €66,705 | +€31,417 | +89.0% |
| Taxes, remuneration and social security | 45 | €8,431 | €5,918 | -€2,513 | -29.8% |
| Taxes | 450/3 | €5,395 | €5,918 | +€524 | +9.7% |
| Remuneration and social security | 454/9 | €3,037 | - | -€3,037 | |
| Other amounts payable | 47/48 | €8,620 | €17,999 | +€9,379 | +108.8% |
| Remuneration, social security and pensions | 62 | €69,235 | €73,323 | +€4,089 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,638 | €2,764 | +€1,126 | +68.7% |
| Other operating charges | 640/8 | €1,107 | - | -€1,107 | |
| Gross operating margin | 9900 | €84,226 | €80,569 | -€3,657 | -4.3% |
| Operating profit (loss) | 9901 | €12,247 | €4,482 | -€7,765 | -63.4% |
| Financial income | 75/76B | €1 | €384 | +€384 | +56407.4% |
| Recurring financial income | 75 | €1 | €384 | +€384 | +56407.4% |
| Financial charges | 65/66B | €144 | €311 | +€167 | +116.0% |
| Recurring financial charges | 65 | €144 | €311 | +€167 | +116.0% |
| Profit (loss) for the period before taxes | 9903 | €12,104 | €4,556 | -€7,548 | -62.4% |
| Income taxes | 67/77 | €2,421 | €911 | -€1,510 | -62.4% |
| Profit (loss) for the period | 9904 | €9,683 | €3,645 | -€6,038 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,683 | €3,645 | -€6,038 | -62.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.