CHAMA FAREZ: 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.
CHAMA FAREZ
Largest movements
- Stocks and contracts +€24,321
up €24,321 (+25.1%), from €97,036 to €121,358
- Tangible fixed assets +€9,706
up €9,706 (+26.3%), from €36,886 to €46,592
of which Assets under construction and advance payments: +€6,715
- Cash -€6,084
down €6,084 (-99.3%), from €6,125 to €41
mainly Trade debts (-€48,939) and Stocks and contracts (-€24,321)
- Advances received +€88,348
new in 2025: €88,348
- Trade debts -€48,939
down €48,939 (-26.1%), from €187,853 to €138,914
- Debts after one year -€14,135
down €14,135 (-24.6%), from €57,454 to €43,319
- Profit (loss) carried forward +€8,830
up €8,830 (+134%), from €6,603 to €15,434
- Tax, wage and social debts -€5,737
down €5,737 (-6.6%), from €86,761 to €81,024
of which Taxes: -€5,786
- Gross operating margin -€30,592
down €30,592 (-33.6%), from €90,982 to €60,390
- Taxes -€19,858
down €19,858 (-40.5%), from €49,000 to €29,142
- Other operating charges -€2,817
down €2,817 (-45.0%), from €6,266 to €3,449
- Financial income +€2,451
up €2,451 (+1,292%), from €190 to €2,641
- Financial charges -€1,420
down €1,420 (-12.8%), from €11,111 to €9,692
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 | €356,526 | €385,965 | +€29,440 | +8.3% |
| Fixed assets | 21/28 | €37,071 | €46,777 | +€9,706 | +26.2% |
| Tangible fixed assets | 22/27 | €36,886 | €46,592 | +€9,706 | +26.3% |
| Plant, machinery and equipment | 23 | €32,869 | €37,850 | +€4,981 | +15.2% |
| Furniture and vehicles | 24 | €4,016 | €2,026 | -€1,990 | -49.6% |
| Assets under construction and advance payments | 27 | - | €6,715 | +€6,715 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €319,455 | €339,188 | +€19,734 | +6.2% |
| Stocks and contracts in progress | 3 | €97,036 | €121,358 | +€24,321 | +25.1% |
| Stocks | 30/36 | €97,036 | €121,358 | +€24,321 | +25.1% |
| Amounts receivable within one year | 40/41 | €215,709 | €217,431 | +€1,722 | +0.8% |
| Trade receivables | 40 | €214,928 | €216,666 | +€1,738 | +0.8% |
| Other amounts receivable | 41 | €781 | €766 | -€16 | -2.0% |
| Cash at bank and in hand | 54/58 | €6,125 | €41 | -€6,084 | -99.3% |
| Deferred charges and accrued income | 490/1 | €585 | €359 | -€226 | -38.6% |
| Total equity and liabilities | 10/49 | €356,526 | €385,965 | +€29,440 | +8.3% |
| Equity | 10/15 | €9,103 | €17,934 | +€8,830 | +97.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,603 | €15,434 | +€8,830 | +134% |
| Amounts payable | 17/49 | €347,423 | €368,032 | +€20,609 | +5.9% |
| Amounts payable after more than one year | 17 | €57,454 | €43,319 | -€14,135 | -24.6% |
| Financial debts | 170/4 | €57,454 | €43,319 | -€14,135 | -24.6% |
| Amounts payable within one year | 42/48 | €289,969 | €324,713 | +€34,744 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €13,280 | €14,382 | +€1,101 | +8.3% |
| Financial debts | 43 | €2,075 | €2,045 | -€30 | -1.4% |
| Credit institutions | 430/8 | €2,075 | €2,045 | -€30 | -1.4% |
| Trade debts | 44 | €187,853 | €138,914 | -€48,939 | -26.1% |
| Suppliers | 440/4 | €187,853 | €138,914 | -€48,939 | -26.1% |
| Advances received on contracts in progress | 46 | - | €88,348 | +€88,348 | |
| Taxes, remuneration and social security | 45 | €86,761 | €81,024 | -€5,737 | -6.6% |
| Taxes | 450/3 | €86,722 | €80,936 | -€5,786 | -6.7% |
| Remuneration and social security | 454/9 | €39 | €88 | +€49 | +128% |
| Remuneration, social security and pensions | 62 | €3,481 | €3,989 | +€508 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,410 | €7,929 | +€519 | +7.0% |
| Other operating charges | 640/8 | €6,266 | €3,449 | -€2,817 | -45.0% |
| Gross operating margin | 9900 | €90,982 | €60,390 | -€30,592 | -33.6% |
| Operating profit (loss) | 9901 | €73,826 | €45,023 | -€28,802 | -39.0% |
| Financial income | 75/76B | €190 | €2,641 | +€2,451 | +1,292% |
| Recurring financial income | 75 | €190 | €2,641 | +€2,451 | +1,292% |
| Financial charges | 65/66B | €11,111 | €9,692 | -€1,420 | -12.8% |
| Recurring financial charges | 65 | €11,111 | €9,692 | -€1,420 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €62,904 | €37,973 | -€24,931 | -39.6% |
| Income taxes | 67/77 | €49,000 | €29,142 | -€19,858 | -40.5% |
| Profit (loss) for the period | 9904 | €13,904 | €8,830 | -€5,073 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,904 | €8,830 | -€5,073 | -36.5% |
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 1 November 2026 via checked.be.