CHÀMO: 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.
CHÀMO
Largest movements
- Receivables within one year -€232,642
down €232,642 (-77.7%), from €299,269 to €66,628
of which Trade receivables: -€230,979
- Cash +€22,716
up €22,716 (+145%), from €15,680 to €38,396
mainly Receivables within one year (+€232,642) and Debts after one year (+€22,133)
- Tangible fixed assets +€20,516
up €20,516 (+58.8%), from €34,893 to €55,409
of which Leasing and similar rights: +€31,304
- Trade debts -€200,752
down €200,752 (-51.2%), from €392,360 to €191,608
- Current portion of long-term debt -€35,533
down €35,533 (-87.5%), from €40,597 to €5,065
- Debts after one year +€22,133
up €22,133 (+4.4%), from €500,856 to €522,990
of which Financial debts: +€18,754
- Accrued charges and deferred income +€15,000
up €15,000 (+86.2%), from €17,404 to €32,404
- Other operating charges +€11,324
up €11,324 (+1,161%), from €976 to €12,300
- Financial income +€9,899
up €9,899 (+236%), from €4,187 to €14,087
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 | €1,499,954 | €1,316,047 | -€183,907 | -12.3% |
| Fixed assets | 21/28 | €48,743 | €69,259 | +€20,516 | +42.1% |
| Tangible fixed assets | 22/27 | €34,893 | €55,409 | +€20,516 | +58.8% |
| Land and buildings | 22 | €100 | €0 | -€100 | -100% |
| Plant, machinery and equipment | 23 | €22,307 | €18,317 | -€3,990 | -17.9% |
| Furniture and vehicles | 24 | €12,486 | €5,788 | -€6,698 | -53.6% |
| Leasing and similar rights | 25 | €0 | €31,304 | +€31,304 | |
| Financial fixed assets | 28 | €13,850 | €13,850 | = | 0.0% |
| Current assets | 29/58 | €1,451,211 | €1,246,788 | -€204,423 | -14.1% |
| Stocks and contracts in progress | 3 | €1,125,747 | €1,134,823 | +€9,076 | +0.8% |
| Stocks | 30/36 | €1,125,747 | €1,134,823 | +€9,076 | +0.8% |
| Amounts receivable within one year | 40/41 | €299,269 | €66,628 | -€232,642 | -77.7% |
| Trade receivables | 40 | €275,193 | €44,213 | -€230,979 | -83.9% |
| Other amounts receivable | 41 | €24,077 | €22,415 | -€1,662 | -6.9% |
| Cash at bank and in hand | 54/58 | €15,680 | €38,396 | +€22,716 | +145% |
| Deferred charges and accrued income | 490/1 | €10,515 | €6,941 | -€3,574 | -34.0% |
| Total equity and liabilities | 10/49 | €1,499,954 | €1,316,047 | -€183,907 | -12.3% |
| Equity | 10/15 | €143,786 | €158,003 | +€14,217 | +9.9% |
| Contributions | 10/11 | €238,471 | €238,471 | = | 0.0% |
| Reserves | 13 | €11,877 | €11,877 | = | 0.0% |
| Tax-exempt reserves | 132 | €155 | €155 | = | 0.0% |
| Distributable reserves | 133 | €11,722 | €11,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,563 | -€92,346 | +€14,217 | +13.3% |
| Amounts payable | 17/49 | €1,356,168 | €1,158,044 | -€198,124 | -14.6% |
| Amounts payable after more than one year | 17 | €500,856 | €522,990 | +€22,133 | +4.4% |
| Financial debts | 170/4 | €0 | €18,754 | +€18,754 | |
| Other amounts payable | 178/9 | €500,856 | €504,235 | +€3,379 | +0.7% |
| Amounts payable within one year | 42/48 | €837,908 | €602,651 | -€235,257 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €40,597 | €5,065 | -€35,533 | -87.5% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €392,360 | €191,608 | -€200,752 | -51.2% |
| Suppliers | 440/4 | €392,360 | €191,608 | -€200,752 | -51.2% |
| Taxes, remuneration and social security | 45 | €45,363 | €46,651 | +€1,288 | +2.8% |
| Taxes | 450/3 | €11,558 | €27,986 | +€16,428 | +142% |
| Remuneration and social security | 454/9 | €33,804 | €18,665 | -€15,140 | -44.8% |
| Other amounts payable | 47/48 | €9,588 | €9,328 | -€261 | -2.7% |
| Accrued charges and deferred income | 492/3 | €17,404 | €32,404 | +€15,000 | +86.2% |
| Non-recurring operating income | 76A | - | €3,719 | +€3,719 | |
| Remuneration, social security and pensions | 62 | €345,353 | €341,338 | -€4,015 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,267 | €14,140 | -€1,127 | -7.4% |
| Other operating charges | 640/8 | €976 | €12,300 | +€11,324 | +1,161% |
| Non-recurring operating charges | 66A | - | €3,392 | +€3,392 | |
| Gross operating margin | 9900 | €426,239 | €423,127 | -€3,112 | -0.7% |
| Operating profit (loss) | 9901 | €64,643 | €51,956 | -€12,687 | -19.6% |
| Financial income | 75/76B | €4,187 | €14,087 | +€9,899 | +236% |
| Recurring financial income | 75 | €4,187 | €14,087 | +€9,899 | +236% |
| Financial charges | 65/66B | €51,052 | €51,650 | +€598 | +1.2% |
| Recurring financial charges | 65 | €51,052 | €51,650 | +€598 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €17,779 | €14,393 | -€3,386 | -19.0% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €17,604 | €14,217 | -€3,387 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,604 | €14,217 | -€3,387 | -19.2% |
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 20 October 2026 via checked.be.