CHAMAS: 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.
CHAMAS
Largest movements
- Cash -€121,120
down €121,120 (-57.8%), from €209,646 to €88,526
mainly Current investments (-€113,519) and Contributions, distributions and other (-€64,063)
- Current investments +€113,519
up €113,519 (+113.5%), from €100,000 to €213,519
- Receivables within one year +€13,175
up €13,175 (+734.1%), from €1,795 to €14,969
of which Trade receivables: +€11,000
- Tangible fixed assets -€8,728
down €8,728 (-17.2%), from €50,657 to €41,930
of which Furniture and vehicles: -€9,090
- Reserves +€24,311
up €24,311 (+6.0%), from €406,425 to €430,736
- Tax, wage and social debts -€15,271
down €15,271 (-80.4%), from €19,004 to €3,733
- Other debts -€14,838
down €14,838 (-48.7%), from €30,463 to €15,625
- Trade debts +€13,633
up €13,633 (+1398.2%), from €975 to €14,608
- Debts after one year -€7,850
down €7,850 (-27.8%), from €28,215 to €20,365
- Financial income -€142,631
down €142,631 (-56.7%), from €251,459 to €108,828
- Taxes -€14,757
down €14,757 (-51.8%), from €28,474 to €13,717
- Financial charges +€13,472
up €13,472 (+510.5%), from €2,639 to €16,112
- Gross operating margin -€4,836
down €4,836 (-17.8%), from €27,121 to €22,284
- Depreciation +€4,307
up €4,307 (+54.5%), from €7,900 to €12,207
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 | €513,863 | €513,457 | -€407 | -0.1% |
| Fixed assets | 21/28 | €200,837 | €192,110 | -€8,728 | -4.3% |
| Tangible fixed assets | 22/27 | €50,657 | €41,930 | -€8,728 | -17.2% |
| Plant, machinery and equipment | 23 | - | €757 | +€757 | |
| Furniture and vehicles | 24 | €49,556 | €40,467 | -€9,090 | -18.3% |
| Other tangible fixed assets | 26 | €1,101 | €707 | -€394 | -35.8% |
| Financial fixed assets | 28 | €150,180 | €150,180 | = | 0.0% |
| Current assets | 29/58 | €313,026 | €321,347 | +€8,321 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,795 | €14,969 | +€13,175 | +734.1% |
| Trade receivables | 40 | - | €11,000 | +€11,000 | |
| Other amounts receivable | 41 | €1,795 | €3,969 | +€2,175 | +121.2% |
| Current investments | 50/53 | €100,000 | €213,519 | +€113,519 | +113.5% |
| Cash at bank and in hand | 54/58 | €209,646 | €88,526 | -€121,120 | -57.8% |
| Deferred charges and accrued income | 490/1 | €1,585 | €4,333 | +€2,747 | +173.3% |
| Total equity and liabilities | 10/49 | €513,863 | €513,457 | -€407 | -0.1% |
| Equity | 10/15 | €426,885 | €451,196 | +€24,311 | +5.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €406,425 | €430,736 | +€24,311 | +6.0% |
| Distributable reserves | 133 | €406,425 | €430,736 | +€24,311 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,978 | €62,261 | -€24,717 | -28.4% |
| Amounts payable after more than one year | 17 | €28,215 | €20,365 | -€7,850 | -27.8% |
| Financial debts | 170/4 | €28,215 | €20,365 | -€7,850 | -27.8% |
| Amounts payable within one year | 42/48 | €58,669 | €41,815 | -€16,853 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €7,533 | €7,850 | +€318 | +4.2% |
| Trade debts | 44 | €975 | €14,608 | +€13,633 | +1398.2% |
| Suppliers | 440/4 | €975 | €14,608 | +€13,633 | +1398.2% |
| Advances received on contracts in progress | 46 | €695 | - | -€695 | |
| Taxes, remuneration and social security | 45 | €19,004 | €3,733 | -€15,271 | -80.4% |
| Taxes | 450/3 | €19,004 | €3,733 | -€15,271 | -80.4% |
| Other amounts payable | 47/48 | €30,463 | €15,625 | -€14,838 | -48.7% |
| Accrued charges and deferred income | 492/3 | €94 | €81 | -€14 | -14.7% |
| Non-recurring operating income | 76A | - | €153 | +€153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,900 | €12,207 | +€4,307 | +54.5% |
| Other operating charges | 640/8 | €747 | €703 | -€44 | -5.9% |
| Gross operating margin | 9900 | €27,121 | €22,284 | -€4,836 | -17.8% |
| Operating profit (loss) | 9901 | €18,474 | €9,374 | -€9,100 | -49.3% |
| Financial income | 75/76B | €251,459 | €108,828 | -€142,631 | -56.7% |
| Recurring financial income | 75 | €251,459 | €108,828 | -€142,631 | -56.7% |
| Financial charges | 65/66B | €2,639 | €16,112 | +€13,472 | +510.5% |
| Recurring financial charges | 65 | €2,639 | €16,112 | +€13,472 | +510.5% |
| Profit (loss) for the period before taxes | 9903 | €267,294 | €102,090 | -€165,203 | -61.8% |
| Income taxes | 67/77 | €28,474 | €13,717 | -€14,757 | -51.8% |
| Profit (loss) for the period | 9904 | €238,820 | €88,373 | -€150,447 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €238,820 | €88,373 | -€150,447 | -63.0% |
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 11 October 2026 via checked.be.