CHAMPENAC: 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.
CHAMPENAC
Largest movements
- Cash -€94,245
down €94,245 (-47.4%), from €198,699 to €104,454
mainly Receivables within one year (-€53,018) and Trade debts (-€45,341)
- Receivables within one year +€53,018
up €53,018 (+27.0%), from €196,357 to €249,375
of which Other amounts receivable: +€36,219
- Tangible fixed assets -€12,933
down €12,933 (-6.9%), from €187,735 to €174,802
of which Other tangible fixed assets: -€7,882
- Trade debts -€45,341
down €45,341 (-63.4%), from €71,514 to €26,173
- Reserves -€21,013
down €21,013 (-5.0%), from €419,059 to €398,046
of which Distributable reserves: -€17,195
- Gross operating margin -€468,103
down €468,103 (-95.5%), from €490,403 to €22,300
- Taxes -€105,505
down €105,505 (-92.4%), from €114,214 to €8,709
- Other operating charges -€18,336
down €18,336 (-94.1%), from €19,492 to €1,156
- Depreciation +€5,542
up €5,542 (+75.0%), from €7,391 to €12,933
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 | €583,968 | €529,890 | -€54,078 | -9.3% |
| Fixed assets | 21/28 | €188,003 | €174,802 | -€13,201 | -7.0% |
| Tangible fixed assets | 22/27 | €187,735 | €174,802 | -€12,933 | -6.9% |
| Furniture and vehicles | 24 | €17,677 | €12,626 | -€5,051 | -28.6% |
| Other tangible fixed assets | 26 | €170,058 | €162,176 | -€7,882 | -4.6% |
| Financial fixed assets | 28 | €268 | - | -€268 | |
| Current assets | 29/58 | €395,965 | €355,088 | -€40,877 | -10.3% |
| Amounts receivable within one year | 40/41 | €196,357 | €249,375 | +€53,018 | +27.0% |
| Trade receivables | 40 | €15,618 | €32,417 | +€16,799 | +107.6% |
| Other amounts receivable | 41 | €180,739 | €216,958 | +€36,219 | +20.0% |
| Cash at bank and in hand | 54/58 | €198,699 | €104,454 | -€94,245 | -47.4% |
| Deferred charges and accrued income | 490/1 | €909 | €1,259 | +€350 | +38.5% |
| Total equity and liabilities | 10/49 | €583,968 | €529,890 | -€54,078 | -9.3% |
| Equity | 10/15 | €457,235 | €440,040 | -€17,195 | -3.8% |
| Contributions | 10/11 | €38,176 | €41,994 | +€3,818 | +10.0% |
| Capital | 10 | €38,176 | - | -€38,176 | |
| Issued capital | 100 | €38,176 | - | -€38,176 | |
| Reserves | 13 | €419,059 | €398,046 | -€21,013 | -5.0% |
| Non-distributable reserves | 130/1 | €3,818 | - | -€3,818 | |
| Legal reserve | 130 | €3,818 | - | -€3,818 | |
| Distributable reserves | 133 | €415,241 | €398,046 | -€17,195 | -4.1% |
| Amounts payable | 17/49 | €126,733 | €89,850 | -€36,883 | -29.1% |
| Amounts payable within one year | 42/48 | €126,733 | €84,882 | -€41,851 | -33.0% |
| Trade debts | 44 | €71,514 | €26,173 | -€45,341 | -63.4% |
| Suppliers | 440/4 | €71,514 | €26,173 | -€45,341 | -63.4% |
| Taxes, remuneration and social security | 45 | €55,219 | €58,709 | +€3,490 | +6.3% |
| Taxes | 450/3 | €50,000 | €58,709 | +€8,709 | +17.4% |
| Remuneration and social security | 454/9 | €5,219 | - | -€5,219 | |
| Accrued charges and deferred income | 492/3 | - | €4,968 | +€4,968 | |
| Remuneration, social security and pensions | 62 | €25,929 | €26,737 | +€808 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,391 | €12,933 | +€5,542 | +75.0% |
| Other operating charges | 640/8 | €19,492 | €1,156 | -€18,336 | -94.1% |
| Gross operating margin | 9900 | €490,403 | €22,300 | -€468,103 | -95.5% |
| Operating profit (loss) | 9901 | €437,591 | -€18,526 | -€456,117 | |
| Financial income | 75/76B | €10,638 | €10,181 | -€457 | -4.3% |
| Recurring financial income | 75 | €10,638 | €10,181 | -€457 | -4.3% |
| Financial charges | 65/66B | €150 | €141 | -€9 | -6.0% |
| Recurring financial charges | 65 | €150 | €141 | -€9 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €448,079 | -€8,486 | -€456,565 | |
| Income taxes | 67/77 | €114,214 | €8,709 | -€105,505 | -92.4% |
| Profit (loss) for the period | 9904 | €333,865 | -€17,195 | -€351,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €333,865 | -€17,195 | -€351,060 |
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 4 October 2026 via checked.be.