CHAGRIMM: 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.
CHAGRIMM
Largest movements
- Stocks and contracts +€52,333
up €52,333 (+31.2%), from €167,916 to €220,249
- Tangible fixed assets -€35,701
down €35,701 (-6.3%), from €565,777 to €530,076
of which Land and buildings: -€20,677
- Profit (loss) carried forward +€75,170
up €75,170 (+54.3%), from -€138,339 to -€63,169
- Other debts -€65,072
down €65,072 (-60.7%), from €107,279 to €42,207
- Reserves +€65,000
up €65,000 (+36.7%), from €177,326 to €242,326
of which Distributable reserves: +€65,000
- Trade debts -€37,188
down €37,188 (-52.1%), from €71,390 to €34,201
- Debts after one year -€33,808
down €33,808 (-7.1%), from €474,815 to €441,007
- Gross operating margin +€390,397
up €390,397 (+8,840%), from €4,416 to €394,813
- Financial charges +€18,760
up €18,760 (+58.4%), from €32,112 to €50,872
- Taxes +€6,528
up €6,528 (+6,306%), from €104 to €6,632
- Staff costs +€5,667
up €5,667 (+3.8%), from €148,948 to €154,615
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,971 | €832,271 | +€11,299 | +1.4% |
| Fixed assets | 21/28 | €575,127 | €536,763 | -€38,364 | -6.7% |
| Intangible fixed assets | 21 | €9,100 | €6,437 | -€2,663 | -29.3% |
| Tangible fixed assets | 22/27 | €565,777 | €530,076 | -€35,701 | -6.3% |
| Land and buildings | 22 | €534,088 | €513,411 | -€20,677 | -3.9% |
| Plant, machinery and equipment | 23 | €12,443 | €7,025 | -€5,418 | -43.5% |
| Furniture and vehicles | 24 | €19,246 | €9,641 | -€9,605 | -49.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €245,844 | €295,508 | +€49,663 | +20.2% |
| Stocks and contracts in progress | 3 | €167,916 | €220,249 | +€52,333 | +31.2% |
| Stocks | 30/36 | €167,916 | €220,249 | +€52,333 | +31.2% |
| Amounts receivable within one year | 40/41 | €6,731 | €10,717 | +€3,986 | +59.2% |
| Trade receivables | 40 | €6,731 | €9,349 | +€2,618 | +38.9% |
| Other amounts receivable | 41 | - | €1,368 | +€1,368 | |
| Cash at bank and in hand | 54/58 | €68,663 | €62,963 | -€5,700 | -8.3% |
| Deferred charges and accrued income | 490/1 | €2,533 | €1,578 | -€956 | -37.7% |
| Total equity and liabilities | 10/49 | €820,971 | €832,271 | +€11,299 | +1.4% |
| Equity | 10/15 | €57,587 | €197,757 | +€140,170 | +243% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,326 | €242,326 | +€65,000 | +36.7% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €93,126 | €158,126 | +€65,000 | +69.8% |
| Profit (loss) carried forward | 14 | -€138,339 | -€63,169 | +€75,170 | +54.3% |
| Amounts payable | 17/49 | €763,384 | €634,514 | -€128,871 | -16.9% |
| Amounts payable after more than one year | 17 | €474,815 | €441,007 | -€33,808 | -7.1% |
| Financial debts | 170/4 | €474,815 | €441,007 | -€33,808 | -7.1% |
| Amounts payable within one year | 42/48 | €288,569 | €193,507 | -€95,062 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €34,415 | €33,808 | -€607 | -1.8% |
| Trade debts | 44 | €71,390 | €34,201 | -€37,188 | -52.1% |
| Suppliers | 440/4 | €71,390 | €34,201 | -€37,188 | -52.1% |
| Taxes, remuneration and social security | 45 | €75,485 | €83,290 | +€7,804 | +10.3% |
| Taxes | 450/3 | €54,928 | €56,801 | +€1,874 | +3.4% |
| Remuneration and social security | 454/9 | €20,558 | €26,489 | +€5,931 | +28.8% |
| Other amounts payable | 47/48 | €107,279 | €42,207 | -€65,072 | -60.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €148,948 | €154,615 | +€5,667 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,175 | €41,275 | +€100 | +0.2% |
| Other operating charges | 640/8 | €2,670 | €3,033 | +€363 | +13.6% |
| Non-recurring operating charges | 66A | €0 | €1,568 | +€1,568 | |
| Gross operating margin | 9900 | €4,416 | €394,813 | +€390,397 | +8,840% |
| Operating profit (loss) | 9901 | -€188,376 | €194,322 | +€382,698 | |
| Financial income | 75/76B | €156 | €3,352 | +€3,195 | +2,042% |
| Recurring financial income | 75 | €156 | €3,352 | +€3,195 | +2,042% |
| Financial charges | 65/66B | €32,112 | €50,872 | +€18,760 | +58.4% |
| Recurring financial charges | 65 | €32,112 | €50,872 | +€18,760 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | -€220,332 | €146,802 | +€367,134 | |
| Income taxes | 67/77 | €104 | €6,632 | +€6,528 | +6,306% |
| Profit (loss) for the period | 9904 | -€220,436 | €140,170 | +€360,606 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€220,436 | €140,170 | +€360,606 |
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 20 October 2026 via checked.be.