CHAMPAGNE: 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.
CHAMPAGNE
Largest movements
- Receivables within one year -€134,244
down €134,244 (-51.6%), from €260,219 to €125,975
of which Trade receivables: -€134,244
- Deferred charges and accrued income -€2,693
no longer reported in 2025 (was €2,693)
- Other debts -€120,965
down €120,965 (-85.9%), from €140,877 to €19,912
- Profit (loss) carried forward -€17,751
down €17,751 (-69.3%), from -€25,598 to -€43,348
- Tax, wage and social debts -€13,748
down €13,748 (-74.6%), from €18,439 to €4,691
- Short-term financial debts +€8,416
new in 2025: €8,416
- Trade debts +€4,503
up €4,503 (+50.2%), from €8,962 to €13,465
- Gross operating margin +€12,482
up €12,482 (+44.1%), from -€28,279 to -€15,797
- Depreciation -€350
down €350 (-25.0%), from €1,400 to €1,050
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 | €266,816 | €127,271 | -€139,545 | -52.3% |
| Fixed assets | 21/28 | €1,050 | - | -€1,050 | |
| Tangible fixed assets | 22/27 | €1,050 | - | -€1,050 | |
| Furniture and vehicles | 24 | €1,050 | - | -€1,050 | |
| Current assets | 29/58 | €265,766 | €127,271 | -€138,495 | -52.1% |
| Amounts receivable within one year | 40/41 | €260,219 | €125,975 | -€134,244 | -51.6% |
| Trade receivables | 40 | €256,098 | €121,854 | -€134,244 | -52.4% |
| Other amounts receivable | 41 | €4,121 | €4,121 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,854 | €1,297 | -€1,558 | -54.6% |
| Deferred charges and accrued income | 490/1 | €2,693 | - | -€2,693 | |
| Total equity and liabilities | 10/49 | €266,816 | €127,271 | -€139,545 | -52.3% |
| Equity | 10/15 | €98,538 | €80,787 | -€17,751 | -18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,543 | €105,543 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €103,684 | €103,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,598 | -€43,348 | -€17,751 | -69.3% |
| Amounts payable | 17/49 | €168,278 | €46,484 | -€121,794 | -72.4% |
| Amounts payable within one year | 42/48 | €168,278 | €46,484 | -€121,794 | -72.4% |
| Financial debts | 43 | - | €8,416 | +€8,416 | |
| Credit institutions | 430/8 | - | €8,416 | +€8,416 | |
| Trade debts | 44 | €8,962 | €13,465 | +€4,503 | +50.2% |
| Suppliers | 440/4 | €8,962 | €13,465 | +€4,503 | +50.2% |
| Taxes, remuneration and social security | 45 | €18,439 | €4,691 | -€13,748 | -74.6% |
| Taxes | 450/3 | €18,439 | €4,691 | -€13,748 | -74.6% |
| Other amounts payable | 47/48 | €140,877 | €19,912 | -€120,965 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €1,050 | -€350 | -25.0% |
| Other operating charges | 640/8 | €164 | €402 | +€238 | +145% |
| Gross operating margin | 9900 | -€28,279 | -€15,797 | +€12,482 | +44.1% |
| Operating profit (loss) | 9901 | -€29,843 | -€17,249 | +€12,595 | +42.2% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €363 | €502 | +€138 | +38.1% |
| Recurring financial charges | 65 | €363 | €502 | +€138 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,197 | -€17,751 | +€12,446 | +41.2% |
| Profit (loss) for the period | 9904 | -€30,197 | -€17,751 | +€12,446 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,197 | -€17,751 | +€12,446 | +41.2% |
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 18 October 2026 via checked.be.