THE CAMPING STORE: 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.
What changed
THE CAMPING STORE
NACE 47.639, Retail sale of other sporting goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€42,192
2024 · €77,504-€35,312
Equity
€1.2m
2024 · €1.1m+€42,192
Cash
€132,481
2024 · €109,492+€22,988
Balance sheet total
€3.6m
2024 · €3.7m-€147,090
Largest movements
Assets
- Tangible fixed assets -€77,516
down €77,516 (-3.3%), from €2.3m to €2.3m
of which Land and buildings: -€68,760
- Stocks and contracts -€57,941
down €57,941 (-4.8%), from €1.2m to €1.1m
Equity and liabilities
- Debts after one year -€186,667
down €186,667 (-9.7%), from €1.9m to €1.7m
of which Financial debts: -€186,379
- Profit (loss) carried forward +€42,192
up €42,192 (+7.6%), from €557,057 to €599,249
Income statement
- Gross operating margin -€82,189
down €82,189 (-16.0%), from €512,264 to €430,075
- Depreciation -€19,998
down €19,998 (-20.2%), from €98,895 to €78,897
- Taxes -€15,430
down €15,430 (-48.6%), from €31,717 to €16,287
- Financial charges -€12,888
down €12,888 (-15.9%), from €81,024 to €68,136
- Staff costs -€6,350
down €6,350 (-3.1%), from €202,022 to €195,672
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.
Result 2024
€77,504
Gross operating margin
-€82,189
Staff costs
+€6,350
Depreciation
+€19,998
Other operating charges
-€3,368
Financial income
-€4,421
Financial charges
+€12,888
Taxes
+€15,430
Result 2025
€42,192
raises the resultlowers the result
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.
From operations
+€212,824
Investment
-€6,072
Financing
-€183,764
Cash 2024
€109,492
From operations (derived)
+€212,824
Net result for the year
+€42,192
Depreciation
+€78,897
Stocks and contracts
+€57,941
Receivables within one year
+€36,405
Deferred charges and accrued income
+€2,908
Trade debts
+€17,344
Tax, wage and social debts
+€1,854
Advances received
-€23,196
Other debts
-€1,521
Investment (derived)
-€6,072
Investment in fixed assets (net)
-€6,072
Financing
-€183,764
Debts after one year
-€186,667
Current portion of long-term debt
+€2,903
Cash 2025
€132,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,725,158 | €3,578,068 | -€147,090 | -3.9% |
| Formation expenses | 20 | €167 | - | -€167 | |
| Fixed assets | 21/28 | €2,333,615 | €2,260,957 | -€72,658 | -3.1% |
| Intangible fixed assets | 21 | - | €4,858 | +€4,858 | |
| Tangible fixed assets | 22/27 | €2,333,615 | €2,256,099 | -€77,516 | -3.3% |
| Land and buildings | 22 | €2,313,645 | €2,244,885 | -€68,760 | -3.0% |
| Plant, machinery and equipment | 23 | €16,468 | €9,660 | -€6,808 | -41.3% |
| Furniture and vehicles | 24 | €3,502 | €1,553 | -€1,949 | -55.6% |
| Current assets | 29/58 | €1,391,376 | €1,317,111 | -€74,265 | -5.3% |
| Stocks and contracts in progress | 3 | €1,205,699 | €1,147,757 | -€57,941 | -4.8% |
| Stocks | 30/36 | €1,205,699 | €1,147,757 | -€57,941 | -4.8% |
| Amounts receivable within one year | 40/41 | €69,065 | €32,661 | -€36,405 | -52.7% |
| Trade receivables | 40 | €44,594 | €7,853 | -€36,741 | -82.4% |
| Other amounts receivable | 41 | €24,471 | €24,808 | +€337 | +1.4% |
| Cash at bank and in hand | 54/58 | €109,492 | €132,481 | +€22,988 | +21.0% |
| Deferred charges and accrued income | 490/1 | €7,120 | €4,212 | -€2,908 | -40.8% |
| Total equity and liabilities | 10/49 | €3,725,158 | €3,578,068 | -€147,090 | -3.9% |
| Equity | 10/15 | €1,111,057 | €1,153,249 | +€42,192 | +3.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €354,000 | €354,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €315,250 | €315,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €557,057 | €599,249 | +€42,192 | +7.6% |
| Amounts payable | 17/49 | €2,614,101 | €2,424,819 | -€189,282 | -7.2% |
| Amounts payable after more than one year | 17 | €1,921,976 | €1,735,310 | -€186,667 | -9.7% |
| Financial debts | 170/4 | €1,690,944 | €1,504,564 | -€186,379 | -11.0% |
| Other amounts payable | 178/9 | €231,033 | €230,745 | -€288 | -0.1% |
| Amounts payable within one year | 42/48 | €692,124 | €689,509 | -€2,615 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €175,976 | €178,879 | +€2,903 | +1.6% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €122,215 | €139,559 | +€17,344 | +14.2% |
| Suppliers | 440/4 | €122,215 | €139,559 | +€17,344 | +14.2% |
| Advances received on contracts in progress | 46 | €46,664 | €23,468 | -€23,196 | -49.7% |
| Taxes, remuneration and social security | 45 | €84,299 | €86,153 | +€1,854 | +2.2% |
| Taxes | 450/3 | €43,799 | €45,523 | +€1,723 | +3.9% |
| Remuneration and social security | 454/9 | €40,500 | €40,631 | +€131 | +0.3% |
| Other amounts payable | 47/48 | €12,970 | €11,449 | -€1,521 | -11.7% |
| Remuneration, social security and pensions | 62 | €202,022 | €195,672 | -€6,350 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,895 | €78,897 | -€19,998 | -20.2% |
| Other operating charges | 640/8 | €25,736 | €29,104 | +€3,368 | +13.1% |
| Gross operating margin | 9900 | €512,264 | €430,075 | -€82,189 | -16.0% |
| Operating profit (loss) | 9901 | €185,611 | €126,402 | -€59,209 | -31.9% |
| Financial income | 75/76B | €4,634 | €213 | -€4,421 | -95.4% |
| Recurring financial income | 75 | €4,634 | €213 | -€4,421 | -95.4% |
| Financial charges | 65/66B | €81,024 | €68,136 | -€12,888 | -15.9% |
| Recurring financial charges | 65 | €81,024 | €68,136 | -€12,888 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €109,221 | €58,479 | -€50,742 | -46.5% |
| Income taxes | 67/77 | €31,717 | €16,287 | -€15,430 | -48.6% |
| Profit (loss) for the period | 9904 | €77,504 | €42,192 | -€35,312 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,504 | €42,192 | -€35,312 | -45.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.