VAN CAMPENHOUT: 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
VAN CAMPENHOUT
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€105,216
2024 · -€255,774+€150,558
Equity
€916,234
2024 · €1.0m-€105,216
Cash
€30,473
2024 · €45,449-€14,975
Balance sheet total
€4.8m
2024 · €4.8m-€27,718
Largest movements
Assets
- Tangible fixed assets -€328,420
down €328,420 (-15.0%), from €2.2m to €1.9m
of which Leasing and similar rights: -€465,704
- Receivables within one year +€311,594
up €311,594 (+33.4%), from €933,877 to €1.2m
of which Trade receivables: +€311,594
- Stocks and contracts -€49,223
down €49,223 (-12.4%), from €397,491 to €348,267
Equity and liabilities
- Trade debts +€136,287
up €136,287 (+12.9%), from €1.1m to €1.2m
- Debts after one year +€115,282
up €115,282 (+5.5%), from €2.1m to €2.2m
of which Other amounts payable: +€400,749
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Reserves -€80,883
down €80,883 (-49.1%), from €164,703 to €83,820
of which Distributable reserves: -€80,883
- Accrued charges and deferred income -€55,108
down €55,108 (-30.3%), from €182,139 to €127,031
Income statement
- Staff costs -€154,935
down €154,935 (-27.6%), from €562,188 to €407,253
- Gross operating margin -€86,162
down €86,162 (-8.6%), from €1.0m to €920,735
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
-€255,774
Gross operating margin
-€86,162
Staff costs
+€154,935
Depreciation
-€721
Write-downs
+€2,961
Other operating charges
-€6,491
Other operating items
+€85,793
Financial income
-€919
Financial charges
+€1,154
Taxes
+€9
Result 2025
-€105,216
raises the resultlowers the resultnot broken down further in the accounts
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
+€94,322
Investment
-€216,925
Financing
+€107,627
Cash 2024
€45,449
From operations (derived)
+€94,322
Net result for the year
-€105,216
Depreciation
+€546,283
Receivables after one year
-€38,181
Stocks and contracts
+€49,223
Receivables within one year
-€311,594
Deferred charges and accrued income
-€16,064
Trade debts
+€136,287
Tax, wage and social debts
-€11,307
Other debts
-€100,000
Accrued charges and deferred income
-€55,108
Investment (derived)
-€216,925
Investment in fixed assets (net)
-€216,925
Financing
+€107,627
Debts after one year
+€115,282
Current portion of long-term debt
-€7,655
Cash 2025
€30,473
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,836,054 | €4,808,337 | -€27,718 | -0.6% |
| Fixed assets | 21/28 | €2,192,561 | €1,863,203 | -€329,358 | -15.0% |
| Intangible fixed assets | 21 | €2,207 | €1,269 | -€938 | -42.5% |
| Tangible fixed assets | 22/27 | €2,189,699 | €1,861,278 | -€328,420 | -15.0% |
| Land and buildings | 22 | €874,338 | €865,677 | -€8,661 | -1.0% |
| Plant, machinery and equipment | 23 | €143,205 | €376,277 | +€233,072 | +163% |
| Furniture and vehicles | 24 | €163,524 | €76,396 | -€87,127 | -53.3% |
| Leasing and similar rights | 25 | €1,008,632 | €542,928 | -€465,704 | -46.2% |
| Financial fixed assets | 28 | €655 | €655 | = | 0.0% |
| Current assets | 29/58 | €2,643,494 | €2,945,134 | +€301,640 | +11.4% |
| Amounts receivable after more than one year | 29 | €1,230,367 | €1,268,548 | +€38,181 | +3.1% |
| Other amounts receivable | 291 | €1,230,367 | €1,268,548 | +€38,181 | +3.1% |
| Stocks and contracts in progress | 3 | €397,491 | €348,267 | -€49,223 | -12.4% |
| Stocks | 30/36 | €397,491 | €348,267 | -€49,223 | -12.4% |
| Amounts receivable within one year | 40/41 | €933,877 | €1,245,471 | +€311,594 | +33.4% |
| Trade receivables | 40 | €904,876 | €1,216,470 | +€311,594 | +34.4% |
| Other amounts receivable | 41 | €29,001 | €29,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,449 | €30,473 | -€14,975 | -33.0% |
| Deferred charges and accrued income | 490/1 | €36,310 | €52,374 | +€16,064 | +44.2% |
| Total equity and liabilities | 10/49 | €4,836,054 | €4,808,337 | -€27,718 | -0.6% |
| Equity | 10/15 | €1,021,451 | €916,234 | -€105,216 | -10.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €782,380 | €758,046 | -€24,333 | -3.1% |
| Reserves | 13 | €164,703 | €83,820 | -€80,883 | -49.1% |
| Non-distributable reserves | 130/1 | €2,519 | €2,519 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,519 | €2,519 | = | 0.0% |
| Distributable reserves | 133 | €162,184 | €81,301 | -€80,883 | -49.9% |
| Amounts payable | 17/49 | €3,814,604 | €3,892,103 | +€77,499 | +2.0% |
| Amounts payable after more than one year | 17 | €2,095,121 | €2,210,403 | +€115,282 | +5.5% |
| Financial debts | 170/4 | €1,059,750 | €774,283 | -€285,467 | -26.9% |
| Other amounts payable | 178/9 | €1,035,372 | €1,436,120 | +€400,749 | +38.7% |
| Amounts payable within one year | 42/48 | €1,537,343 | €1,554,668 | +€17,325 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €265,426 | €257,770 | -€7,655 | -2.9% |
| Trade debts | 44 | €1,060,026 | €1,196,313 | +€136,287 | +12.9% |
| Suppliers | 440/4 | €1,060,026 | €1,196,313 | +€136,287 | +12.9% |
| Taxes, remuneration and social security | 45 | €111,891 | €100,585 | -€11,307 | -10.1% |
| Taxes | 450/3 | €12,334 | €9,833 | -€2,501 | -20.3% |
| Remuneration and social security | 454/9 | €99,557 | €90,752 | -€8,806 | -8.8% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €182,139 | €127,031 | -€55,108 | -30.3% |
| Remuneration, social security and pensions | 62 | €562,188 | €407,253 | -€154,935 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545,562 | €546,283 | +€721 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,811 | €17,850 | -€2,961 | -14.2% |
| Other operating charges | 640/8 | €12,207 | €18,698 | +€6,491 | +53.2% |
| Non-recurring operating charges | 66A | €85,793 | - | -€85,793 | |
| Gross operating margin | 9900 | €1,006,897 | €920,735 | -€86,162 | -8.6% |
| Operating profit (loss) | 9901 | -€219,663 | -€69,348 | +€150,315 | +68.4% |
| Financial income | 75/76B | €26,277 | €25,358 | -€919 | -3.5% |
| Recurring financial income | 75 | €26,277 | €25,358 | -€919 | -3.5% |
| Financial charges | 65/66B | €62,189 | €61,035 | -€1,154 | -1.9% |
| Recurring financial charges | 65 | €62,189 | €61,035 | -€1,154 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€255,574 | -€105,025 | +€150,549 | +58.9% |
| Income taxes | 67/77 | €200 | €191 | -€9 | -4.4% |
| Profit (loss) for the period | 9904 | -€255,774 | -€105,216 | +€150,558 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€255,774 | -€105,216 | +€150,558 | +58.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.