CHAMPAIN: 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.
CHAMPAIN
Largest movements
- Tangible fixed assets -€26,912
down €26,912 (-7.8%), from €346,497 to €319,585
of which Plant, machinery and equipment: -€14,589
- Receivables within one year +€12,081
up €12,081 (+37.5%), from €32,206 to €44,287
of which Trade receivables: +€6,674
- Contributions +€442,000
up €442,000 (+85.0%), from €520,000 to €962,000
- Other debts -€197,371
down €197,371 (-72.0%), from €274,049 to €76,678
- Profit (loss) carried forward -€102,570
down €102,570 (-11.5%), from -€888,320 to -€990,891
- Trade debts -€92,444
down €92,444 (-46.9%), from €196,917 to €104,474
- Debts after one year -€45,108
down €45,108 (-18.7%), from €241,122 to €196,014
- Depreciation -€18,829
down €18,829 (-27.7%), from €67,968 to €49,139
- Staff costs -€16,508
down €16,508 (-4.9%), from €339,523 to €323,015
- Other operating charges -€15,809
down €15,809 (-94.7%), from €16,691 to €882
- Financial charges -€10,869
down €10,869 (-50.4%), from €21,586 to €10,717
- Financial income -€8,012
down €8,012 (-72.5%), from €11,045 to €3,033
of which Non-recurring financial income: -€8,018
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 | €445,819 | €437,078 | -€8,741 | -2.0% |
| Formation expenses | 20 | €78 | - | -€78 | |
| Fixed assets | 21/28 | €348,452 | €322,599 | -€25,853 | -7.4% |
| Intangible fixed assets | 21 | €1,860 | €119 | -€1,741 | -93.6% |
| Tangible fixed assets | 22/27 | €346,497 | €319,585 | -€26,912 | -7.8% |
| Land and buildings | 22 | €183,619 | €171,801 | -€11,818 | -6.4% |
| Plant, machinery and equipment | 23 | €162,088 | €147,499 | -€14,589 | -9.0% |
| Furniture and vehicles | 24 | €791 | €285 | -€506 | -63.9% |
| Financial fixed assets | 28 | €95 | €2,895 | +€2,800 | +2946.1% |
| Current assets | 29/58 | €97,289 | €114,479 | +€17,190 | +17.7% |
| Stocks and contracts in progress | 3 | €28,949 | €31,866 | +€2,916 | +10.1% |
| Stocks | 30/36 | €28,949 | €31,866 | +€2,916 | +10.1% |
| Amounts receivable within one year | 40/41 | €32,206 | €44,287 | +€12,081 | +37.5% |
| Trade receivables | 40 | €22,733 | €29,407 | +€6,674 | +29.4% |
| Other amounts receivable | 41 | €9,473 | €14,880 | +€5,407 | +57.1% |
| Cash at bank and in hand | 54/58 | €34,170 | €35,247 | +€1,077 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,963 | €3,079 | +€1,116 | +56.8% |
| Total equity and liabilities | 10/49 | €445,819 | €437,078 | -€8,741 | -2.0% |
| Equity | 10/15 | -€351,362 | -€14,957 | +€336,405 | +95.7% |
| Contributions | 10/11 | €520,000 | €962,000 | +€442,000 | +85.0% |
| Profit (loss) carried forward | 14 | -€888,320 | -€990,891 | -€102,570 | -11.5% |
| Investment grants | 15 | €16,958 | €13,934 | -€3,024 | -17.8% |
| Amounts payable | 17/49 | €797,181 | €452,035 | -€345,146 | -43.3% |
| Amounts payable after more than one year | 17 | €241,122 | €196,014 | -€45,108 | -18.7% |
| Financial debts | 170/4 | €241,122 | €196,014 | -€45,108 | -18.7% |
| Amounts payable within one year | 42/48 | €553,266 | €253,228 | -€300,038 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €48,660 | €45,108 | -€3,552 | -7.3% |
| Trade debts | 44 | €196,917 | €104,474 | -€92,444 | -46.9% |
| Suppliers | 440/4 | €196,917 | €104,474 | -€92,444 | -46.9% |
| Taxes, remuneration and social security | 45 | €33,640 | €26,969 | -€6,671 | -19.8% |
| Taxes | 450/3 | €4,118 | €1,416 | -€2,702 | -65.6% |
| Remuneration and social security | 454/9 | €29,522 | €25,552 | -€3,970 | -13.4% |
| Other amounts payable | 47/48 | €274,049 | €76,678 | -€197,371 | -72.0% |
| Accrued charges and deferred income | 492/3 | €2,793 | €2,793 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €339,523 | €323,015 | -€16,508 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,968 | €49,139 | -€18,829 | -27.7% |
| Other operating charges | 640/8 | €16,691 | €882 | -€15,809 | -94.7% |
| Gross operating margin | 9900 | €282,192 | €278,150 | -€4,043 | -1.4% |
| Operating profit (loss) | 9901 | -€141,990 | -€94,886 | +€47,103 | +33.2% |
| Financial income | 75/76B | €11,045 | €3,033 | -€8,012 | -72.5% |
| Recurring financial income | 75 | €3,027 | €3,033 | +€5 | +0.2% |
| Non-recurring financial income | 76B | €8,018 | - | -€8,018 | |
| Financial charges | 65/66B | €21,586 | €10,717 | -€10,869 | -50.4% |
| Recurring financial charges | 65 | €21,586 | €10,717 | -€10,869 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€152,530 | -€102,570 | +€49,960 | +32.8% |
| Profit (loss) for the period | 9904 | -€152,530 | -€102,570 | +€49,960 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,530 | -€102,570 | +€49,960 | +32.8% |
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 9 October 2026 via checked.be.