CHAMP: 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.
CHAMP
Largest movements
- Cash +€51,609
up €51,609 (+83.4%), from €61,893 to €113,503
mainly Net result for the year (+€61,963) and Debts after one year (+€40,000)
- Tangible fixed assets +€37,966
up €37,966 (+36.8%), from €103,231 to €141,197
of which Furniture and vehicles: +€43,509
- Receivables within one year -€12,471
down €12,471 (-36.4%), from €34,254 to €21,783
of which Other amounts receivable: -€12,548
- Intangible fixed assets -€9,558
down €9,558 (-29.1%), from €32,834 to €23,275
- Profit (loss) carried forward +€61,963
up €61,963 (+1023.6%), from €6,054 to €68,016
- Other debts -€50,870
down €50,870 (-93.0%), from €54,713 to €3,843
- Debts after one year +€40,000
up €40,000 (+40.0%), from €100,000 to €140,000
- Tax, wage and social debts +€39,056
up €39,056 (+986.1%), from €3,961 to €43,017
of which Taxes: +€25,909
- Trade debts -€26,388
down €26,388 (-65.3%), from €40,428 to €14,040
- Gross operating margin +€100,296
up €100,296 (+140.0%), from €71,652 to €171,948
- Staff costs +€22,513
up €22,513 (+57.6%), from €39,095 to €61,608
- Taxes +€15,041
new in 2025: €15,041
- Depreciation +€7,451
up €7,451 (+35.0%), from €21,310 to €28,761
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 | €297,626 | €365,412 | +€67,786 | +22.8% |
| Fixed assets | 21/28 | €146,323 | €174,730 | +€28,407 | +19.4% |
| Intangible fixed assets | 21 | €32,834 | €23,275 | -€9,558 | -29.1% |
| Tangible fixed assets | 22/27 | €103,231 | €141,197 | +€37,966 | +36.8% |
| Plant, machinery and equipment | 23 | €15,165 | €11,656 | -€3,508 | -23.1% |
| Furniture and vehicles | 24 | €69,163 | €112,672 | +€43,509 | +62.9% |
| Other tangible fixed assets | 26 | €18,904 | €16,869 | -€2,035 | -10.8% |
| Financial fixed assets | 28 | €10,258 | €10,258 | = | 0.0% |
| Current assets | 29/58 | €151,303 | €190,682 | +€39,379 | +26.0% |
| Stocks and contracts in progress | 3 | €53,941 | €54,086 | +€145 | +0.3% |
| Stocks | 30/36 | €53,941 | €54,086 | +€145 | +0.3% |
| Amounts receivable within one year | 40/41 | €34,254 | €21,783 | -€12,471 | -36.4% |
| Trade receivables | 40 | €21,302 | €21,379 | +€77 | +0.4% |
| Other amounts receivable | 41 | €12,952 | €404 | -€12,548 | -96.9% |
| Cash at bank and in hand | 54/58 | €61,893 | €113,503 | +€51,609 | +83.4% |
| Deferred charges and accrued income | 490/1 | €1,214 | €1,311 | +€96 | +7.9% |
| Total equity and liabilities | 10/49 | €297,626 | €365,412 | +€67,786 | +22.8% |
| Equity | 10/15 | €90,783 | €151,318 | +€60,535 | +66.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,054 | €68,016 | +€61,963 | +1023.6% |
| Investment grants | 15 | €9,729 | €8,302 | -€1,428 | -14.7% |
| Provisions and deferred taxes | 16 | €1,946 | €1,660 | -€286 | -14.7% |
| Deferred taxes | 168 | €1,946 | €1,660 | -€286 | -14.7% |
| Amounts payable | 17/49 | €204,897 | €212,434 | +€7,537 | +3.7% |
| Amounts payable after more than one year | 17 | €100,000 | €140,000 | +€40,000 | +40.0% |
| Other amounts payable | 178/9 | €100,000 | €140,000 | +€40,000 | +40.0% |
| Amounts payable within one year | 42/48 | €99,101 | €60,900 | -€38,201 | -38.5% |
| Trade debts | 44 | €40,428 | €14,040 | -€26,388 | -65.3% |
| Suppliers | 440/4 | €40,428 | €14,040 | -€26,388 | -65.3% |
| Taxes, remuneration and social security | 45 | €3,961 | €43,017 | +€39,056 | +986.1% |
| Taxes | 450/3 | - | €25,909 | +€25,909 | |
| Remuneration and social security | 454/9 | €3,961 | €17,108 | +€13,147 | +332.0% |
| Other amounts payable | 47/48 | €54,713 | €3,843 | -€50,870 | -93.0% |
| Accrued charges and deferred income | 492/3 | €5,795 | €11,534 | +€5,739 | +99.0% |
| Remuneration, social security and pensions | 62 | €39,095 | €61,608 | +€22,513 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,310 | €28,761 | +€7,451 | +35.0% |
| Other operating charges | 640/8 | €190 | €376 | +€186 | +98.1% |
| Gross operating margin | 9900 | €71,652 | €171,948 | +€100,296 | +140.0% |
| Operating profit (loss) | 9901 | €11,057 | €81,202 | +€70,145 | +634.4% |
| Financial income | 75/76B | €705 | €1,494 | +€789 | +112.0% |
| Recurring financial income | 75 | €705 | €1,494 | +€789 | +112.0% |
| Financial charges | 65/66B | €5,847 | €5,978 | +€131 | +2.2% |
| Recurring financial charges | 65 | €5,847 | €5,978 | +€131 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €5,915 | €76,718 | +€70,803 | +1196.9% |
| Transfer from deferred taxes | 780 | €138 | €286 | +€147 | +106.6% |
| Income taxes | 67/77 | - | €15,041 | +€15,041 | |
| Profit (loss) for the period | 9904 | €6,054 | €61,963 | +€55,909 | +923.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,054 | €61,963 | +€55,909 | +923.6% |
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 7 October 2026 via checked.be.