Chamaro: 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.
Chamaro
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€313,606
down €313,606 (-85.6%), from €366,405 to €52,799
mainly Current investments (-€350,000) and Investment in fixed assets (net) (-€53,563)
- Tangible fixed assets +€42,988
up €42,988 (+1330.8%), from €3,230 to €46,218
of which Furniture and vehicles: +€43,642
- Receivables within one year +€31,987
up €31,987 (+93.3%), from €34,285 to €66,272
of which Other amounts receivable: +€31,059
- Receivables after one year +€6,000
up €6,000 (+400.0%), from €1,500 to €7,500
- Reserves +€105,961
up €105,961 (+32.3%), from €328,489 to €434,449
- Tax, wage and social debts -€37,155
down €37,155 (-50.5%), from €73,546 to €36,391
- Debts after one year +€31,545
new in 2025: €31,545
- Current portion of long-term debt +€16,350
new in 2025: €16,350
- Depreciation +€9,348
up €9,348 (+761.9%), from €1,227 to €10,575
- Taxes -€6,348
down €6,348 (-11.1%), from €57,217 to €50,869
- Gross operating margin -€6,010
down €6,010 (-3.5%), from €173,952 to €167,943
- Financial income +€1,974
up €1,974 (+5958.7%), from €33 to €2,007
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 | €405,739 | €523,570 | +€117,832 | +29.0% |
| Fixed assets | 21/28 | €3,230 | €46,218 | +€42,988 | +1330.8% |
| Tangible fixed assets | 22/27 | €3,230 | €46,218 | +€42,988 | +1330.8% |
| Plant, machinery and equipment | 23 | €1,764 | €1,109 | -€654 | -37.1% |
| Furniture and vehicles | 24 | €1,467 | €45,109 | +€43,642 | +2975.7% |
| Current assets | 29/58 | €402,509 | €477,352 | +€74,844 | +18.6% |
| Amounts receivable after more than one year | 29 | €1,500 | €7,500 | +€6,000 | +400.0% |
| Other amounts receivable | 291 | €1,500 | €7,500 | +€6,000 | +400.0% |
| Amounts receivable within one year | 40/41 | €34,285 | €66,272 | +€31,987 | +93.3% |
| Trade receivables | 40 | €33,406 | €34,334 | +€928 | +2.8% |
| Other amounts receivable | 41 | €879 | €31,938 | +€31,059 | +3534.5% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €366,405 | €52,799 | -€313,606 | -85.6% |
| Deferred charges and accrued income | 490/1 | €319 | €781 | +€462 | +144.8% |
| Total equity and liabilities | 10/49 | €405,739 | €523,570 | +€117,832 | +29.0% |
| Equity | 10/15 | €328,589 | €434,549 | +€105,961 | +32.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €328,489 | €434,449 | +€105,961 | +32.3% |
| Distributable reserves | 133 | €328,489 | €434,449 | +€105,961 | +32.3% |
| Amounts payable | 17/49 | €77,150 | €89,021 | +€11,871 | +15.4% |
| Amounts payable after more than one year | 17 | - | €31,545 | +€31,545 | |
| Financial debts | 170/4 | - | €31,545 | +€31,545 | |
| Amounts payable within one year | 42/48 | €74,150 | €54,475 | -€19,675 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,350 | +€16,350 | |
| Trade debts | 44 | €604 | €1,735 | +€1,131 | +187.3% |
| Suppliers | 440/4 | €604 | €1,735 | +€1,131 | +187.3% |
| Taxes, remuneration and social security | 45 | €73,546 | €36,391 | -€37,155 | -50.5% |
| Taxes | 450/3 | €73,546 | €36,391 | -€37,155 | -50.5% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €10,575 | +€9,348 | +761.9% |
| Other operating charges | 640/8 | €271 | €1,054 | +€784 | +289.7% |
| Gross operating margin | 9900 | €173,952 | €167,943 | -€6,010 | -3.5% |
| Operating profit (loss) | 9901 | €172,455 | €156,314 | -€16,141 | -9.4% |
| Financial income | 75/76B | €33 | €2,007 | +€1,974 | +5958.7% |
| Recurring financial income | 75 | €33 | €2,007 | +€1,974 | +5958.7% |
| Financial charges | 65/66B | €372 | €1,491 | +€1,119 | +300.9% |
| Recurring financial charges | 65 | €372 | €1,491 | +€1,119 | +300.9% |
| Profit (loss) for the period before taxes | 9903 | €172,116 | €156,830 | -€15,287 | -8.9% |
| Income taxes | 67/77 | €57,217 | €50,869 | -€6,348 | -11.1% |
| Profit (loss) for the period | 9904 | €114,899 | €105,961 | -€8,938 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,899 | €105,961 | -€8,938 | -7.8% |
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 5 October 2026 via checked.be.