Michel Campo: 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.
Michel Campo
Largest movements
- Receivables after one year -€5,000
down €5,000 (-86.0%), from €5,812 to €812
- Cash -€564
down €564 (-21.1%), from €2,668 to €2,104
mainly Net result for the year (-€4,819) and Receivables within one year (-€499)
- Receivables within one year +€499
up €499 (+2.2%), from €23,164 to €23,663
of which Other amounts receivable: +€499
- Reserves -€6,299
down €6,299 (-18.9%), from €33,294 to €26,995
of which Distributable reserves: -€6,299
- Profit (loss) carried forward +€1,480
up €1,480 (+23.5%), from -€6,299 to -€4,819
- Other operating charges -€1,967
down €1,967 (-30.8%), from €6,396 to €4,429
- Gross operating margin -€1,225
down €1,225 (-92.8%), from €1,320 to €95
- Taxes -€748
down €748 (-65.1%), from €1,149 to €401
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,736 | €41,671 | -€5,065 | -10.8% |
| Current assets | 29/58 | €46,736 | €41,671 | -€5,065 | -10.8% |
| Amounts receivable after more than one year | 29 | €5,812 | €812 | -€5,000 | -86.0% |
| Other amounts receivable | 291 | €5,812 | €812 | -€5,000 | -86.0% |
| Stocks and contracts in progress | 3 | €1,950 | €1,950 | = | 0.0% |
| Stocks | 30/36 | €1,950 | €1,950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,164 | €23,663 | +€499 | +2.2% |
| Trade receivables | 40 | €18,942 | €18,942 | = | 0.0% |
| Other amounts receivable | 41 | €4,222 | €4,721 | +€499 | +11.8% |
| Cash at bank and in hand | 54/58 | €2,668 | €2,104 | -€564 | -21.1% |
| Deferred charges and accrued income | 490/1 | €13,142 | €13,142 | = | 0.0% |
| Total equity and liabilities | 10/49 | €46,736 | €41,671 | -€5,065 | -10.8% |
| Equity | 10/15 | €45,587 | €40,768 | -€4,819 | -10.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €33,294 | €26,995 | -€6,299 | -18.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €31,435 | €25,136 | -€6,299 | -20.0% |
| Profit (loss) carried forward | 14 | -€6,299 | -€4,819 | +€1,480 | +23.5% |
| Amounts payable | 17/49 | €1,149 | €903 | -€246 | -21.4% |
| Amounts payable within one year | 42/48 | €1,149 | €903 | -€246 | -21.4% |
| Trade debts | 44 | €1,149 | €903 | -€246 | -21.4% |
| Suppliers | 440/4 | €1,149 | €903 | -€246 | -21.4% |
| Other operating charges | 640/8 | €6,396 | €4,429 | -€1,967 | -30.8% |
| Gross operating margin | 9900 | €1,320 | €95 | -€1,225 | -92.8% |
| Operating profit (loss) | 9901 | -€5,076 | -€4,334 | +€742 | +14.6% |
| Financial charges | 65/66B | €74 | €84 | +€10 | +13.5% |
| Recurring financial charges | 65 | €74 | €84 | +€10 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,150 | -€4,418 | +€732 | +14.2% |
| Income taxes | 67/77 | €1,149 | €401 | -€748 | -65.1% |
| Profit (loss) for the period | 9904 | -€6,299 | -€4,819 | +€1,480 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,299 | -€4,819 | +€1,480 | +23.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.