CHAMAR: 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.
CHAMAR
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+501.6%), from €225,102 to €1.4m
of which Other amounts receivable: +€1.1m
- Cash +€42,308
up €42,308 (+87.0%), from €48,614 to €90,922
mainly Net result for the year (+€1.6m) and Other debts (+€741,872)
- Other debts +€741,872
up €741,872 (+390.8%), from €189,832 to €931,704
- Reserves +€579,128
up €579,128 (+65.9%), from €879,245 to €1.5m
- Debts after one year -€214,038
down €214,038 (-32.2%), from €664,183 to €450,144
- Tax, wage and social debts +€63,695
up €63,695 (+320.8%), from €19,857 to €83,552
- Financial income +€1.4m
up €1.4m (+1031.6%), from €137,000 to €1.6m
- Financial charges -€5,879
down €5,879 (-18.6%), from €31,636 to €25,756
- Taxes +€3,099
up €3,099 (+42.0%), from €7,377 to €10,476
- Gross operating margin +€2,389
up €2,389 (+3.6%), from €66,885 to €69,275
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 | €2,040,584 | €3,219,243 | +€1.2m | +57.8% |
| Fixed assets | 21/28 | €1,766,225 | €1,773,651 | +€7,426 | +0.4% |
| Tangible fixed assets | 22/27 | €1,178 | €8,603 | +€7,426 | +630.6% |
| Furniture and vehicles | 24 | - | €7,745 | +€7,745 | |
| Other tangible fixed assets | 26 | €1,178 | €858 | -€319 | -27.1% |
| Financial fixed assets | 28 | €1,765,047 | €1,765,047 | = | 0.0% |
| Current assets | 29/58 | €274,359 | €1,445,593 | +€1.2m | +426.9% |
| Amounts receivable within one year | 40/41 | €225,102 | €1,354,171 | +€1.1m | +501.6% |
| Trade receivables | 40 | €9,775 | €12,017 | +€2,242 | +22.9% |
| Other amounts receivable | 41 | €215,326 | €1,342,154 | +€1.1m | +523.3% |
| Cash at bank and in hand | 54/58 | €48,614 | €90,922 | +€42,308 | +87.0% |
| Deferred charges and accrued income | 490/1 | €643 | €499 | -€144 | -22.4% |
| Total equity and liabilities | 10/49 | €2,040,584 | €3,219,243 | +€1.2m | +57.8% |
| Equity | 10/15 | €954,245 | €1,533,373 | +€579,128 | +60.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €879,245 | €1,458,373 | +€579,128 | +65.9% |
| Distributable reserves | 133 | €879,245 | €1,458,373 | +€579,128 | +65.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,086,339 | €1,685,870 | +€599,531 | +55.2% |
| Amounts payable after more than one year | 17 | €664,183 | €450,144 | -€214,038 | -32.2% |
| Financial debts | 170/4 | €664,183 | €450,144 | -€214,038 | -32.2% |
| Amounts payable within one year | 42/48 | €422,156 | €1,235,726 | +€813,570 | +192.7% |
| Current portion of amounts payable after more than one year | 42 | €208,013 | €214,038 | +€6,026 | +2.9% |
| Financial debts | 43 | €2,660 | €2,652 | -€8 | -0.3% |
| Other loans | 439 | €2,660 | €2,652 | -€8 | -0.3% |
| Trade debts | 44 | €1,795 | €3,781 | +€1,986 | +110.7% |
| Suppliers | 440/4 | €1,795 | €3,781 | +€1,986 | +110.7% |
| Taxes, remuneration and social security | 45 | €19,857 | €83,552 | +€63,695 | +320.8% |
| Taxes | 450/3 | €19,857 | €83,552 | +€63,695 | +320.8% |
| Other amounts payable | 47/48 | €189,832 | €931,704 | +€741,872 | +390.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €730 | +€411 | +128.8% |
| Other operating charges | 640/8 | €1,309 | €1,044 | -€264 | -20.2% |
| Gross operating margin | 9900 | €66,885 | €69,275 | +€2,389 | +3.6% |
| Operating profit (loss) | 9901 | €65,258 | €67,500 | +€2,242 | +3.4% |
| Financial income | 75/76B | €137,000 | €1,550,244 | +€1.4m | +1031.6% |
| Recurring financial income | 75 | €137,000 | €1,550,244 | +€1.4m | +1031.6% |
| Financial charges | 65/66B | €31,636 | €25,756 | -€5,879 | -18.6% |
| Recurring financial charges | 65 | €31,636 | €25,756 | -€5,879 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €170,622 | €1,591,987 | +€1.4m | +833.1% |
| Income taxes | 67/77 | €7,377 | €10,476 | +€3,099 | +42.0% |
| Profit (loss) for the period | 9904 | €163,245 | €1,581,511 | +€1.4m | +868.8% |
| Profit (loss) for the period to be appropriated | 9905 | €163,245 | €1,581,511 | +€1.4m | +868.8% |
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 28 September 2026 via checked.be.