CHAMPION CONSTRUCT: 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.
What changed
CHAMPION CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,964
2024 · -€7,432+€28,396
Equity
€781,984
2024 · €761,020+€20,964
Cash
€151,435
2024 · €149,097+€2,338
Balance sheet total
€1.5m
2024 · €1.4m+€44,347
Largest movements
Assets
- Receivables within one year +€99,505
up €99,505 (+18.7%), from €532,467 to €631,972
of which Other amounts receivable: +€52,231
- Receivables after one year -€45,513
down €45,513 (-10.9%), from €417,809 to €372,296
Equity and liabilities
- Trade debts +€55,399
up €55,399 (+66.7%), from €83,109 to €138,508
- Other debts -€47,215
down €47,215 (-9.9%), from €475,704 to €428,489
- Profit (loss) carried forward +€20,964
up €20,964 (+23.6%), from €88,964 to €109,928
- Provisions +€15,704
up €15,704 (+32.0%), from €49,147 to €64,851
Income statement
- Gross operating margin -€67,890
down €67,890 (-31.1%), from €218,418 to €150,528
- Staff costs -€44,830
down €44,830 (-35.9%), from €124,832 to €80,002
- Write-downs +€36,790
no longer reported in 2025 (was -€36,790)
- Provisions +€28,955
up €28,955, from -€13,251 to €15,704
- Taxes -€17,930
down €17,930 (-70.2%), from €25,528 to €7,598
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.
Result 2024
-€7,432
Gross operating margin
-€67,890
Staff costs
+€44,830
Depreciation
-€813
Write-downs
-€36,790
Provisions
-€28,955
Other operating charges
+€1,592
Other operating items
+€102,182
Financial income
-€19
Financial charges
-€3,671
Taxes
+€17,930
Result 2025
€20,964
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€5,726
Investment
-€3,593
Financing
+€205
Cash 2024
€149,097
From operations (derived)
+€5,726
Net result for the year
+€20,964
Depreciation
+€17,578
Receivables after one year
+€45,513
Receivables within one year
-€99,505
Deferred charges and accrued income
-€2,002
Provisions
+€15,704
Trade debts
+€55,399
Tax, wage and social debts
-€10
Other debts
-€47,215
Accrued charges and deferred income
-€700
Investment (derived)
-€3,593
Investment in fixed assets (net)
-€3,593
Financing
+€205
Debts after one year
-€9,282
Current portion of long-term debt
-€3,266
Short-term financial debts
+€12,753
Cash 2025
€151,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,409,575 | €1,453,922 | +€44,347 | +3.1% |
| Fixed assets | 21/28 | €39,752 | €25,767 | -€13,985 | -35.2% |
| Tangible fixed assets | 22/27 | €39,502 | €25,517 | -€13,985 | -35.4% |
| Plant, machinery and equipment | 23 | €5,962 | €6,217 | +€255 | +4.3% |
| Furniture and vehicles | 24 | €33,540 | €19,300 | -€14,240 | -42.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,369,823 | €1,428,155 | +€58,332 | +4.3% |
| Amounts receivable after more than one year | 29 | €417,809 | €372,296 | -€45,513 | -10.9% |
| Other amounts receivable | 291 | €417,809 | €372,296 | -€45,513 | -10.9% |
| Amounts receivable within one year | 40/41 | €532,467 | €631,972 | +€99,505 | +18.7% |
| Trade receivables | 40 | €452,837 | €500,111 | +€47,274 | +10.4% |
| Other amounts receivable | 41 | €79,630 | €131,861 | +€52,231 | +65.6% |
| Current investments | 50/53 | €255,824 | €255,824 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,097 | €151,435 | +€2,338 | +1.6% |
| Deferred charges and accrued income | 490/1 | €14,626 | €16,628 | +€2,002 | +13.7% |
| Total equity and liabilities | 10/49 | €1,409,575 | €1,453,922 | +€44,347 | +3.1% |
| Equity | 10/15 | €761,020 | €781,984 | +€20,964 | +2.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €665,859 | €665,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €664,000 | €665,859 | +€1,859 | +0.3% |
| Profit (loss) carried forward | 14 | €88,964 | €109,928 | +€20,964 | +23.6% |
| Provisions and deferred taxes | 16 | €49,147 | €64,851 | +€15,704 | +32.0% |
| Provisions for liabilities and charges | 160/5 | €49,147 | €64,851 | +€15,704 | +32.0% |
| Other liabilities and charges | 164/5 | €49,147 | €64,851 | +€15,704 | +32.0% |
| Amounts payable | 17/49 | €599,408 | €607,087 | +€7,679 | +1.3% |
| Amounts payable after more than one year | 17 | €10,073 | €791 | -€9,282 | -92.1% |
| Financial debts | 170/4 | €10,073 | €791 | -€9,282 | -92.1% |
| Amounts payable within one year | 42/48 | €588,623 | €606,284 | +€17,661 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €12,548 | €9,282 | -€3,266 | -26.0% |
| Financial debts | 43 | €15,000 | €27,753 | +€12,753 | +85.0% |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Other loans | 439 | - | €27,753 | +€27,753 | |
| Trade debts | 44 | €83,109 | €138,508 | +€55,399 | +66.7% |
| Suppliers | 440/4 | €83,109 | €138,508 | +€55,399 | +66.7% |
| Taxes, remuneration and social security | 45 | €2,262 | €2,252 | -€10 | -0.4% |
| Taxes | 450/3 | €406 | €184 | -€222 | -54.7% |
| Remuneration and social security | 454/9 | €1,856 | €2,068 | +€212 | +11.4% |
| Other amounts payable | 47/48 | €475,704 | €428,489 | -€47,215 | -9.9% |
| Accrued charges and deferred income | 492/3 | €712 | €12 | -€700 | -98.3% |
| Non-recurring operating income | 76A | €21,169 | - | -€21,169 | |
| Remuneration, social security and pensions | 62 | €124,832 | €80,002 | -€44,830 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,765 | €17,578 | +€813 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€36,790 | - | +€36,790 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,251 | €15,704 | +€28,955 | |
| Other operating charges | 640/8 | €4,972 | €3,380 | -€1,592 | -32.0% |
| Non-recurring operating charges | 66A | €102,182 | - | -€102,182 | |
| Gross operating margin | 9900 | €218,418 | €150,528 | -€67,890 | -31.1% |
| Operating profit (loss) | 9901 | €19,708 | €33,864 | +€14,156 | +71.8% |
| Financial income | 75/76B | €3,035 | €3,016 | -€19 | -0.6% |
| Recurring financial income | 75 | €3,035 | €3,016 | -€19 | -0.6% |
| Financial charges | 65/66B | €4,647 | €8,318 | +€3,671 | +79.0% |
| Recurring financial charges | 65 | €4,647 | €8,318 | +€3,671 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €18,096 | €28,562 | +€10,466 | +57.8% |
| Income taxes | 67/77 | €25,528 | €7,598 | -€17,930 | -70.2% |
| Profit (loss) for the period | 9904 | -€7,432 | €20,964 | +€28,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,432 | €20,964 | +€28,396 |
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.