CHAMAREL: 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.
CHAMAREL
Largest movements
- Stocks and contracts +€2,289
up €2,289 (+23.4%), from €9,797 to €12,086
- Cash -€1,797
down €1,797 (-8.0%), from €22,351 to €20,554
mainly Other debts (-€4,022) and Investment in fixed assets (net) (-€2,909)
- Tangible fixed assets +€855
up €855 (+14.6%), from €5,849 to €6,704
of which Plant, machinery and equipment: +€4,673
- Deferred charges and accrued income +€559
up €559 (+169%), from €330 to €890
- Other debts -€4,022
down €4,022 (-9.9%), from €40,767 to €36,745
- Profit (loss) carried forward +€3,550
up €3,550 (+5.9%), from -€60,008 to -€56,458
- Trade debts +€1,677
up €1,677 (+18.3%), from €9,159 to €10,836
- Tax, wage and social debts +€1,179
up €1,179 (+5.1%), from €22,931 to €24,110
of which Remuneration and social security: +€1,777
- Current portion of long-term debt -€813
down €813 (-16.3%), from €5,002 to €4,189
- Staff costs +€4,879
up €4,879 (+3.4%), from €142,860 to €147,739
- Depreciation -€4,810
down €4,810 (-70.1%), from €6,864 to €2,054
- Gross operating margin -€2,186
down €2,186 (-1.4%), from €158,087 to €155,901
- Financial charges -€1,740
down €1,740 (-67.2%), from €2,590 to €850
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 | €38,627 | €40,836 | +€2,210 | +5.7% |
| Fixed assets | 21/28 | €6,149 | €7,004 | +€855 | +13.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,849 | €6,704 | +€855 | +14.6% |
| Plant, machinery and equipment | 23 | €1,011 | €5,684 | +€4,673 | +462% |
| Furniture and vehicles | 24 | €4,838 | €1,019 | -€3,818 | -78.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €32,478 | €33,833 | +€1,355 | +4.2% |
| Stocks and contracts in progress | 3 | €9,797 | €12,086 | +€2,289 | +23.4% |
| Stocks | 30/36 | €9,797 | €12,086 | +€2,289 | +23.4% |
| Amounts receivable within one year | 40/41 | - | €303 | +€303 | |
| Trade receivables | 40 | - | €303 | +€303 | |
| Cash at bank and in hand | 54/58 | €22,351 | €20,554 | -€1,797 | -8.0% |
| Deferred charges and accrued income | 490/1 | €330 | €890 | +€559 | +169% |
| Total equity and liabilities | 10/49 | €38,627 | €40,836 | +€2,210 | +5.7% |
| Equity | 10/15 | -€50,008 | -€46,458 | +€3,550 | +7.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,008 | -€56,458 | +€3,550 | +5.9% |
| Amounts payable | 17/49 | €88,635 | €87,294 | -€1,341 | -1.5% |
| Amounts payable after more than one year | 17 | €10,777 | €11,415 | +€638 | +5.9% |
| Financial debts | 170/4 | €10,777 | €11,415 | +€638 | +5.9% |
| Amounts payable within one year | 42/48 | €77,858 | €75,880 | -€1,978 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €5,002 | €4,189 | -€813 | -16.3% |
| Trade debts | 44 | €9,159 | €10,836 | +€1,677 | +18.3% |
| Suppliers | 440/4 | €9,159 | €10,836 | +€1,677 | +18.3% |
| Taxes, remuneration and social security | 45 | €22,931 | €24,110 | +€1,179 | +5.1% |
| Taxes | 450/3 | €9,745 | €9,147 | -€598 | -6.1% |
| Remuneration and social security | 454/9 | €13,186 | €14,963 | +€1,777 | +13.5% |
| Other amounts payable | 47/48 | €40,767 | €36,745 | -€4,022 | -9.9% |
| Remuneration, social security and pensions | 62 | €142,860 | €147,739 | +€4,879 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,864 | €2,054 | -€4,810 | -70.1% |
| Other operating charges | 640/8 | €611 | €1,707 | +€1,096 | +179% |
| Gross operating margin | 9900 | €158,087 | €155,901 | -€2,186 | -1.4% |
| Operating profit (loss) | 9901 | €7,751 | €4,401 | -€3,351 | -43.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.1% |
| Financial charges | 65/66B | €2,590 | €850 | -€1,740 | -67.2% |
| Recurring financial charges | 65 | €2,590 | €850 | -€1,740 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €5,162 | €3,550 | -€1,611 | -31.2% |
| Income taxes | 67/77 | €164 | - | -€164 | |
| Profit (loss) for the period | 9904 | €4,998 | €3,550 | -€1,448 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,998 | €3,550 | -€1,448 | -29.0% |
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 28 October 2026 via checked.be.