Champagne: 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.
Champagne
Largest movements
- Tangible fixed assets -€35,008
down €35,008 (-31.0%), from €112,769 to €77,761
of which Furniture and vehicles: -€24,280
- Receivables within one year +€25,613
up €25,613 (+4.1%), from €617,599 to €643,212
of which Trade receivables: +€48,740
- Trade debts -€45,507
down €45,507 (-17.2%), from €265,282 to €219,775
- Short-term financial debts +€41,705
up €41,705 (+256.3%), from €16,271 to €57,976
- Other debts +€34,303
up €34,303 (+22.4%), from €153,001 to €187,304
- Debts after one year -€25,300
down €25,300 (-40.8%), from €62,019 to €36,719
- Tax, wage and social debts -€20,119
down €20,119 (-43.1%), from €46,701 to €26,582
of which Remuneration and social security: -€17,521
- Staff costs -€66,405
down €66,405 (-12.9%), from €516,758 to €450,353
- Gross operating margin +€33,694
up €33,694 (+7.2%), from €470,575 to €504,269
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 | €883,864 | €882,122 | -€1,742 | -0.2% |
| Fixed assets | 21/28 | €112,769 | €77,761 | -€35,008 | -31.0% |
| Tangible fixed assets | 22/27 | €112,769 | €77,761 | -€35,008 | -31.0% |
| Land and buildings | 22 | €1,891 | €1,598 | -€293 | -15.5% |
| Plant, machinery and equipment | 23 | €8,645 | €6,640 | -€2,005 | -23.2% |
| Furniture and vehicles | 24 | €89,073 | €64,793 | -€24,280 | -27.3% |
| Leasing and similar rights | 25 | €13,160 | €4,730 | -€8,430 | -64.1% |
| Current assets | 29/58 | €771,096 | €804,361 | +€33,265 | +4.3% |
| Stocks and contracts in progress | 3 | €142,831 | €148,126 | +€5,295 | +3.7% |
| Stocks | 30/36 | €142,831 | €148,126 | +€5,295 | +3.7% |
| Amounts receivable within one year | 40/41 | €617,599 | €643,212 | +€25,613 | +4.1% |
| Trade receivables | 40 | €577,523 | €626,263 | +€48,740 | +8.4% |
| Other amounts receivable | 41 | €40,076 | €16,949 | -€23,127 | -57.7% |
| Cash at bank and in hand | 54/58 | €5,952 | €4,612 | -€1,340 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,714 | €8,411 | +€3,697 | +78.4% |
| Total equity and liabilities | 10/49 | €883,864 | €882,122 | -€1,742 | -0.2% |
| Equity | 10/15 | €224,575 | €228,411 | +€3,836 | +1.7% |
| Contributions | 10/11 | €20,245 | €20,245 | -€0 | 0.0% |
| Reserves | 13 | €7,025 | €7,025 | +€0 | 0.0% |
| Distributable reserves | 133 | €7,025 | €7,025 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €197,305 | €201,141 | +€3,836 | +1.9% |
| Amounts payable | 17/49 | €659,289 | €653,711 | -€5,578 | -0.8% |
| Amounts payable after more than one year | 17 | €62,019 | €36,719 | -€25,300 | -40.8% |
| Financial debts | 170/4 | €62,019 | €36,719 | -€25,300 | -40.8% |
| Amounts payable within one year | 42/48 | €521,008 | €529,373 | +€8,365 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €39,753 | €37,736 | -€2,017 | -5.1% |
| Financial debts | 43 | €16,271 | €57,976 | +€41,705 | +256.3% |
| Credit institutions | 430/8 | €16,271 | €57,976 | +€41,705 | +256.3% |
| Trade debts | 44 | €265,282 | €219,775 | -€45,507 | -17.2% |
| Suppliers | 440/4 | €265,282 | €219,775 | -€45,507 | -17.2% |
| Taxes, remuneration and social security | 45 | €46,701 | €26,582 | -€20,119 | -43.1% |
| Taxes | 450/3 | €6,728 | €4,130 | -€2,598 | -38.6% |
| Remuneration and social security | 454/9 | €39,973 | €22,452 | -€17,521 | -43.8% |
| Other amounts payable | 47/48 | €153,001 | €187,304 | +€34,303 | +22.4% |
| Accrued charges and deferred income | 492/3 | €76,262 | €87,619 | +€11,357 | +14.9% |
| Remuneration, social security and pensions | 62 | €516,758 | €450,353 | -€66,405 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,988 | €35,007 | +€2,019 | +6.1% |
| Other operating charges | 640/8 | €2,093 | €2,298 | +€205 | +9.8% |
| Gross operating margin | 9900 | €470,575 | €504,269 | +€33,694 | +7.2% |
| Operating profit (loss) | 9901 | -€81,264 | €16,611 | +€97,875 | |
| Financial income | 75/76B | €109 | - | -€109 | |
| Recurring financial income | 75 | €109 | - | -€109 | |
| Financial charges | 65/66B | €11,183 | €12,658 | +€1,475 | +13.2% |
| Recurring financial charges | 65 | €9,194 | €12,658 | +€3,464 | +37.7% |
| Non-recurring financial charges | 66B | €1,989 | - | -€1,989 | |
| Profit (loss) for the period before taxes | 9903 | -€92,338 | €3,953 | +€96,291 | |
| Income taxes | 67/77 | €143 | €117 | -€26 | -18.2% |
| Profit (loss) for the period | 9904 | -€92,481 | €3,836 | +€96,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,481 | €3,836 | +€96,317 |
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 9 October 2026 via checked.be.