CHAMAL: what changed
Two fiscal 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.
CHAMAL
Largest movements
- Stocks and contracts +€6,156
up €6,156 (+26.6%), from €23,174 to €29,330
- Receivables within one year -€1,460
down €1,460 (-8.2%), from €17,836 to €16,376
of which Other amounts receivable: -€1,410
- Tangible fixed assets -€549
down €549 (-51.3%), from €1,070 to €521
- Cash +€538
up €538 (+21.3%), from €2,530 to €3,068
mainly Net result for the year (+€3,185) and Receivables within one year (+€1,460)
- Reserves +€3,185
up €3,185 (+68.3%), from €4,664 to €7,849
of which Distributable reserves: +€3,185
- Tax, wage and social debts +€1,174
up €1,174 (+25.1%), from €4,685 to €5,859
- Gross operating margin +€1,540
up €1,540 (+46.7%), from €3,295 to €4,835
- Other operating charges +€1,346
up €1,346 (+704.7%), from €191 to €1,537
- Financial income +€242
up €242 (+35.4%), from €684 to €926
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 | €44,734 | €49,419 | +€4,685 | +10.5% |
| Fixed assets | 21/28 | €1,194 | €645 | -€549 | -46.0% |
| Tangible fixed assets | 22/27 | €1,070 | €521 | -€549 | -51.3% |
| Plant, machinery and equipment | 23 | €1,070 | €521 | -€549 | -51.3% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €43,540 | €48,774 | +€5,234 | +12.0% |
| Stocks and contracts in progress | 3 | €23,174 | €29,330 | +€6,156 | +26.6% |
| Stocks | 30/36 | €23,174 | €29,330 | +€6,156 | +26.6% |
| Amounts receivable within one year | 40/41 | €17,836 | €16,376 | -€1,460 | -8.2% |
| Trade receivables | 40 | €50 | - | -€50 | |
| Other amounts receivable | 41 | €17,786 | €16,376 | -€1,410 | -7.9% |
| Cash at bank and in hand | 54/58 | €2,530 | €3,068 | +€538 | +21.3% |
| Total equity and liabilities | 10/49 | €44,734 | €49,419 | +€4,685 | +10.5% |
| Equity | 10/15 | €35,634 | €38,819 | +€3,185 | +8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,664 | €7,849 | +€3,185 | +68.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,805 | €5,990 | +€3,185 | +113.5% |
| Profit (loss) carried forward | 14 | €12,378 | €12,378 | = | 0.0% |
| Amounts payable | 17/49 | €9,100 | €10,600 | +€1,500 | +16.5% |
| Amounts payable within one year | 42/48 | €9,100 | €10,600 | +€1,500 | +16.5% |
| Trade debts | 44 | €4,415 | €4,741 | +€326 | +7.4% |
| Suppliers | 440/4 | €4,415 | €4,741 | +€326 | +7.4% |
| Taxes, remuneration and social security | 45 | €4,685 | €5,859 | +€1,174 | +25.1% |
| Taxes | 450/3 | €4,685 | €5,859 | +€1,174 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €550 | = | 0.0% |
| Other operating charges | 640/8 | €191 | €1,537 | +€1,346 | +704.7% |
| Gross operating margin | 9900 | €3,295 | €4,835 | +€1,540 | +46.7% |
| Operating profit (loss) | 9901 | €2,554 | €2,748 | +€194 | +7.6% |
| Financial income | 75/76B | €684 | €926 | +€242 | +35.4% |
| Recurring financial income | 75 | €684 | €926 | +€242 | +35.4% |
| Financial charges | 65/66B | €153 | €170 | +€17 | +11.1% |
| Recurring financial charges | 65 | €153 | €170 | +€17 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €3,085 | €3,504 | +€419 | +13.6% |
| Income taxes | 67/77 | €280 | €319 | +€39 | +13.9% |
| Profit (loss) for the period | 9904 | €2,805 | €3,185 | +€380 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,805 | €3,185 | +€380 | +13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.