CHAMADE: 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.
CHAMADE
Largest movements
- Cash +€47,705
up €47,705 (+15.6%), from €305,468 to €353,173
mainly Net result for the year (+€187,509) and Tax, wage and social debts (+€10,596)
- Reserves +€52,772
up €52,772 (+4.3%), from €1.2m to €1.3m
of which Distributable reserves: +€52,772
- Gross operating margin +€73,621
up €73,621 (+32.4%), from €227,564 to €301,185
- Taxes +€22,596
up €22,596 (+35.4%), from €63,841 to €86,437
- Other operating charges +€3,146
up €3,146 (+13.3%), from €23,708 to €26,854
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.
Cash bridge derived
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 | €2,107,283 | €2,154,988 | +€47,705 | +2.3% |
| Fixed assets | 21/28 | €1,801,815 | €1,801,815 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,801,815 | €1,801,815 | = | 0.0% |
| Land and buildings | 22 | €1,617,985 | €1,617,985 | = | 0.0% |
| Plant, machinery and equipment | 23 | €183,830 | €183,830 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €305,468 | €353,173 | +€47,705 | +15.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €305,468 | €353,173 | +€47,705 | +15.6% |
| Total equity and liabilities | 10/49 | €2,107,283 | €2,154,988 | +€47,705 | +2.3% |
| Equity | 10/15 | €2,080,743 | €2,113,515 | +€32,772 | +1.6% |
| Contributions | 10/11 | €62,000 | €42,000 | -€20,000 | -32.3% |
| Revaluation surpluses | 12 | €802,631 | €802,631 | = | 0.0% |
| Reserves | 13 | €1,216,111 | €1,268,883 | +€52,772 | +4.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,216,111 | €1,268,883 | +€52,772 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,541 | €41,473 | +€14,933 | +56.3% |
| Amounts payable within one year | 42/48 | €26,541 | €41,473 | +€14,933 | +56.3% |
| Trade debts | 44 | €148 | €284 | +€137 | +92.5% |
| Suppliers | 440/4 | €148 | €284 | +€137 | +92.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,841 | €34,437 | +€10,596 | +44.4% |
| Taxes | 450/3 | €23,841 | €34,437 | +€10,596 | +44.4% |
| Other amounts payable | 47/48 | €2,552 | €6,752 | +€4,200 | +164.6% |
| Other operating charges | 640/8 | €23,708 | €26,854 | +€3,146 | +13.3% |
| Gross operating margin | 9900 | €227,564 | €301,185 | +€73,621 | +32.4% |
| Operating profit (loss) | 9901 | €203,856 | €274,331 | +€70,475 | +34.6% |
| Financial charges | 65/66B | €927 | €385 | -€542 | -58.5% |
| Recurring financial charges | 65 | €927 | €385 | -€542 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €202,929 | €273,946 | +€71,017 | +35.0% |
| Income taxes | 67/77 | €63,841 | €86,437 | +€22,596 | +35.4% |
| Profit (loss) for the period | 9904 | €139,088 | €187,509 | +€48,421 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,088 | €187,509 | +€48,421 | +34.8% |
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 10 October 2026 via checked.be.