Champex: 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.
Champex
Largest movements
- Tangible fixed assets +€44,820
up €44,820 (+626.0%), from €7,159 to €51,979
of which Furniture and vehicles: +€45,120
- Receivables within one year +€34,886
up €34,886 (+62.1%), from €56,196 to €91,082
of which Trade receivables: +€19,448
- Cash -€23,099
down €23,099 (-30.1%), from €76,668 to €53,569
mainly Investment in fixed assets (net) (-€49,596) and Receivables within one year (-€34,886)
- Reserves +€62,815
up €62,815 (+63.4%), from €99,075 to €161,890
- Tax, wage and social debts -€8,852
down €8,852 (-28.0%), from €31,603 to €22,751
- Trade debts +€3,541
up €3,541 (+75.7%), from €4,676 to €8,217
- Gross operating margin +€69,740
up €69,740 (+377.3%), from €18,486 to €88,226
- Taxes +€13,588
up €13,588 (+354.0%), from €3,838 to €17,426
- Other operating charges +€1,210
up €1,210 (+97.3%), from €1,244 to €2,453
- Depreciation +€943
up €943 (+24.6%), from €3,833 to €4,776
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 | €140,354 | €197,858 | +€57,504 | +41.0% |
| Fixed assets | 21/28 | €7,159 | €51,979 | +€44,820 | +626.0% |
| Tangible fixed assets | 22/27 | €7,159 | €51,979 | +€44,820 | +626.0% |
| Plant, machinery and equipment | 23 | €1,143 | €843 | -€300 | -26.3% |
| Furniture and vehicles | 24 | €6,017 | €51,137 | +€45,120 | +749.9% |
| Current assets | 29/58 | €133,194 | €145,878 | +€12,684 | +9.5% |
| Amounts receivable within one year | 40/41 | €56,196 | €91,082 | +€34,886 | +62.1% |
| Trade receivables | 40 | €38,772 | €58,220 | +€19,448 | +50.2% |
| Other amounts receivable | 41 | €17,424 | €32,863 | +€15,438 | +88.6% |
| Cash at bank and in hand | 54/58 | €76,668 | €53,569 | -€23,099 | -30.1% |
| Deferred charges and accrued income | 490/1 | €330 | €1,227 | +€897 | +271.6% |
| Total equity and liabilities | 10/49 | €140,354 | €197,858 | +€57,504 | +41.0% |
| Equity | 10/15 | €104,075 | €166,890 | +€62,815 | +60.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,075 | €161,890 | +€62,815 | +63.4% |
| Distributable reserves | 133 | €99,075 | €161,890 | +€62,815 | +63.4% |
| Amounts payable | 17/49 | €36,279 | €30,968 | -€5,311 | -14.6% |
| Amounts payable within one year | 42/48 | €36,279 | €30,968 | -€5,311 | -14.6% |
| Trade debts | 44 | €4,676 | €8,217 | +€3,541 | +75.7% |
| Suppliers | 440/4 | €4,676 | €8,217 | +€3,541 | +75.7% |
| Taxes, remuneration and social security | 45 | €31,603 | €22,751 | -€8,852 | -28.0% |
| Taxes | 450/3 | €31,603 | €22,751 | -€8,852 | -28.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,833 | €4,776 | +€943 | +24.6% |
| Other operating charges | 640/8 | €1,244 | €2,453 | +€1,210 | +97.3% |
| Gross operating margin | 9900 | €18,486 | €88,226 | +€69,740 | +377.3% |
| Operating profit (loss) | 9901 | €13,409 | €80,997 | +€67,588 | +504.0% |
| Financial income | 75/76B | €24 | €0 | -€23 | -98.8% |
| Recurring financial income | 75 | €24 | €0 | -€23 | -98.8% |
| Financial charges | 65/66B | €298 | €756 | +€458 | +153.9% |
| Recurring financial charges | 65 | €298 | €756 | +€458 | +153.9% |
| Profit (loss) for the period before taxes | 9903 | €13,135 | €80,241 | +€67,106 | +510.9% |
| Income taxes | 67/77 | €3,838 | €17,426 | +€13,588 | +354.0% |
| Profit (loss) for the period | 9904 | €9,297 | €62,815 | +€53,518 | +575.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,297 | €62,815 | +€53,518 | +575.7% |
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 6 October 2026 via checked.be.