CHAMPIGNOLA: 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.
CHAMPIGNOLA
Largest movements
- Deferred charges and accrued income +€35,593
up €35,593 (+34.1%), from €104,269 to €139,861
- Cash -€22,086
down €22,086 (-40.3%), from €54,809 to €32,723
mainly Deferred charges and accrued income (-€35,593) and Debts after one year (-€20,000)
- Intangible fixed assets -€10,368
down €10,368 (-27.4%), from €37,793 to €27,424
- Receivables within one year -€9,275
down €9,275 (-33.7%), from €27,554 to €18,279
of which Trade receivables: -€7,846
- Stocks and contracts +€3,140
up €3,140 (+16.5%), from €18,985 to €22,125
- Debts after one year -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Reserves +€9,362
up €9,362 (+13.8%), from €68,054 to €77,416
of which Distributable reserves: +€9,362
- Trade debts +€2,776
up €2,776 (+45.2%), from €6,144 to €8,920
- Tax, wage and social debts +€2,681
up €2,681 (+31.1%), from €8,619 to €11,300
of which Taxes: +€1,766
- Staff costs +€8,905
up €8,905 (+16.3%), from €54,763 to €63,668
- Depreciation -€3,756
down €3,756 (-23.0%), from €16,309 to €12,552
- Financial charges -€3,525
down €3,525 (-36.9%), from €9,556 to €6,031
- Gross operating margin +€2,489
up €2,489 (+2.7%), from €93,610 to €96,099
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,489 | €249,308 | -€5,181 | -2.0% |
| Fixed assets | 21/28 | €48,872 | €36,319 | -€12,552 | -25.7% |
| Intangible fixed assets | 21 | €37,793 | €27,424 | -€10,368 | -27.4% |
| Tangible fixed assets | 22/27 | €10,064 | €7,880 | -€2,184 | -21.7% |
| Land and buildings | 22 | €8,323 | €7,797 | -€526 | -6.3% |
| Plant, machinery and equipment | 23 | €1,494 | €83 | -€1,411 | -94.4% |
| Furniture and vehicles | 24 | €247 | - | -€247 | |
| Financial fixed assets | 28 | €1,015 | €1,015 | = | 0.0% |
| Current assets | 29/58 | €205,617 | €212,989 | +€7,372 | +3.6% |
| Stocks and contracts in progress | 3 | €18,985 | €22,125 | +€3,140 | +16.5% |
| Stocks | 30/36 | €18,985 | €22,125 | +€3,140 | +16.5% |
| Amounts receivable within one year | 40/41 | €27,554 | €18,279 | -€9,275 | -33.7% |
| Trade receivables | 40 | €18,398 | €10,552 | -€7,846 | -42.6% |
| Other amounts receivable | 41 | €9,156 | €7,727 | -€1,429 | -15.6% |
| Cash at bank and in hand | 54/58 | €54,809 | €32,723 | -€22,086 | -40.3% |
| Deferred charges and accrued income | 490/1 | €104,269 | €139,861 | +€35,593 | +34.1% |
| Total equity and liabilities | 10/49 | €254,489 | €249,308 | -€5,181 | -2.0% |
| Equity | 10/15 | €139,726 | €149,088 | +€9,362 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,054 | €77,416 | +€9,362 | +13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,681 | €16,681 | = | 0.0% |
| Distributable reserves | 133 | €49,513 | €58,875 | +€9,362 | +18.9% |
| Profit (loss) carried forward | 14 | €53,072 | €53,072 | = | 0.0% |
| Amounts payable | 17/49 | €114,763 | €100,220 | -€14,543 | -12.7% |
| Amounts payable after more than one year | 17 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Financial debts | 170/4 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Amounts payable within one year | 42/48 | €14,763 | €20,220 | +€5,457 | +37.0% |
| Trade debts | 44 | €6,144 | €8,920 | +€2,776 | +45.2% |
| Suppliers | 440/4 | €6,144 | €8,920 | +€2,776 | +45.2% |
| Taxes, remuneration and social security | 45 | €8,619 | €11,300 | +€2,681 | +31.1% |
| Taxes | 450/3 | €975 | €2,741 | +€1,766 | +181% |
| Remuneration and social security | 454/9 | €7,644 | €8,559 | +€915 | +12.0% |
| Non-recurring operating income | 76A | €23,524 | - | -€23,524 | |
| Remuneration, social security and pensions | 62 | €54,763 | €63,668 | +€8,905 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,309 | €12,552 | -€3,756 | -23.0% |
| Other operating charges | 640/8 | €3,904 | €3,740 | -€165 | -4.2% |
| Gross operating margin | 9900 | €93,610 | €96,099 | +€2,489 | +2.7% |
| Operating profit (loss) | 9901 | €18,634 | €16,139 | -€2,495 | -13.4% |
| Financial income | 75/76B | €607 | €191 | -€417 | -68.6% |
| Recurring financial income | 75 | €607 | €191 | -€417 | -68.6% |
| Financial charges | 65/66B | €9,556 | €6,031 | -€3,525 | -36.9% |
| Recurring financial charges | 65 | €9,556 | €6,031 | -€3,525 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €9,685 | €10,299 | +€614 | +6.3% |
| Income taxes | 67/77 | €880 | €936 | +€56 | +6.3% |
| Profit (loss) for the period | 9904 | €8,804 | €9,362 | +€558 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,804 | €9,362 | +€558 | +6.3% |
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 16 October 2026 via checked.be.