CHAMARTIN: 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.
CHAMARTIN
Largest movements
- Stocks and contracts +€9,674
up €9,674 (+29.5%), from €32,764 to €42,437
- Cash -€1,750
down €1,750 (-7.5%), from €23,258 to €21,508
mainly Stocks and contracts (-€9,674) and Current portion of long-term debt (-€4,674)
- Trade debts +€7,765
up €7,765 (+849.2%), from €914 to €8,680
- Reserves +€6,070
up €6,070 (+12.2%), from €49,562 to €55,632
- Current portion of long-term debt -€4,674
down €4,674 (-74.6%), from €6,264 to €1,591
- Debts after one year -€1,591
no longer reported in 2025 (was €1,591)
- Gross operating margin -€12,046
down €12,046 (-55.5%), from €21,723 to €9,678
- Taxes +€1,472
up €1,472 (+158.5%), from €929 to €2,400
- Write-downs -€765
down €765, from €396 to -€370
- Depreciation -€488
down €488 (-64.9%), from €751 to €263
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 | €77,916 | €85,525 | +€7,609 | +9.8% |
| Fixed assets | 21/28 | €807 | €543 | -€263 | -32.7% |
| Tangible fixed assets | 22/27 | €715 | €452 | -€263 | -36.8% |
| Plant, machinery and equipment | 23 | €540 | €389 | -€151 | -27.9% |
| Furniture and vehicles | 24 | €175 | €62 | -€112 | -64.4% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €77,110 | €84,982 | +€7,872 | +10.2% |
| Stocks and contracts in progress | 3 | €32,764 | €42,437 | +€9,674 | +29.5% |
| Stocks | 30/36 | €32,764 | €42,437 | +€9,674 | +29.5% |
| Amounts receivable within one year | 40/41 | €21,088 | €21,036 | -€51 | -0.2% |
| Trade receivables | 40 | €16,081 | €14,722 | -€1,359 | -8.5% |
| Other amounts receivable | 41 | €5,006 | €6,314 | +€1,308 | +26.1% |
| Cash at bank and in hand | 54/58 | €23,258 | €21,508 | -€1,750 | -7.5% |
| Total equity and liabilities | 10/49 | €77,916 | €85,525 | +€7,609 | +9.8% |
| Equity | 10/15 | €68,162 | €74,232 | +€6,070 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,562 | €55,632 | +€6,070 | +12.2% |
| Distributable reserves | 133 | €49,562 | €55,632 | +€6,070 | +12.2% |
| Amounts payable | 17/49 | €9,754 | €11,293 | +€1,539 | +15.8% |
| Amounts payable after more than one year | 17 | €1,591 | - | -€1,591 | |
| Financial debts | 170/4 | €1,591 | - | -€1,591 | |
| Amounts payable within one year | 42/48 | €8,164 | €11,293 | +€3,130 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €6,264 | €1,591 | -€4,674 | -74.6% |
| Trade debts | 44 | €914 | €8,680 | +€7,765 | +849.2% |
| Suppliers | 440/4 | €914 | €8,680 | +€7,765 | +849.2% |
| Taxes, remuneration and social security | 45 | €985 | €1,023 | +€38 | +3.9% |
| Taxes | 450/3 | €985 | €1,023 | +€38 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €263 | -€488 | -64.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €396 | -€370 | -€765 | |
| Other operating charges | 640/8 | €998 | €1,089 | +€91 | +9.1% |
| Gross operating margin | 9900 | €21,723 | €9,678 | -€12,046 | -55.5% |
| Operating profit (loss) | 9901 | €19,578 | €8,695 | -€10,884 | -55.6% |
| Financial income | 75/76B | €158 | €115 | -€43 | -27.0% |
| Recurring financial income | 75 | €158 | €115 | -€43 | -27.0% |
| Financial charges | 65/66B | €440 | €340 | -€100 | -22.7% |
| Recurring financial charges | 65 | €440 | €340 | -€100 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €19,296 | €8,470 | -€10,827 | -56.1% |
| Income taxes | 67/77 | €929 | €2,400 | +€1,472 | +158.5% |
| Profit (loss) for the period | 9904 | €18,368 | €6,070 | -€12,298 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,368 | €6,070 | -€12,298 | -67.0% |
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 3 October 2026 via checked.be.