ChampVert Management: 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.
ChampVert Management
Largest movements
- Intangible fixed assets -€86,846
down €86,846 (-100%), from €86,846 to €0
- Receivables within one year -€54,786
down €54,786 (-99.5%), from €55,071 to €284
of which Other amounts receivable: -€55,071
- Cash -€15,805
down €15,805 (-16.6%), from €95,029 to €79,224
mainly Net result for the year (-€103,252) and Contributions, distributions and other (-€86,799)
- Tangible fixed assets -€8,122
down €8,122 (-100%), from €8,122 to €0
- Profit (loss) carried forward -€103,252
down €103,252 (-58.3%), from -€177,072 to -€280,325
- Reserves -€86,799
down €86,799 (-100%), from €86,799 to €0
- Other debts +€31,020
up €31,020, from €0 to €31,020
- Provisions -€9,922
down €9,922 (-100%), from €9,922 to €0
- Tax, wage and social debts +€2,592
up €2,592 (+114%), from €2,274 to €4,866
of which Taxes: +€3,943
- Depreciation +€69,526
up €69,526 (+401%), from €17,320 to €86,846
- Gross operating margin +€11,593
up €11,593 (+43.2%), from -€26,826 to -€15,234
- Write-downs -€9,922
new in 2025: -€9,922
- Financial income -€660
down €660 (-98.8%), from €668 to €8
- Other operating charges +€328
up €328 (+260%), from €126 to €454
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,436 | €79,509 | -€166,927 | -67.7% |
| Fixed assets | 21/28 | €94,968 | €0 | -€94,968 | -100% |
| Intangible fixed assets | 21 | €86,846 | €0 | -€86,846 | -100% |
| Tangible fixed assets | 22/27 | €8,122 | €0 | -€8,122 | -100% |
| Furniture and vehicles | 24 | €8,122 | €0 | -€8,122 | -100% |
| Current assets | 29/58 | €151,468 | €79,509 | -€71,959 | -47.5% |
| Amounts receivable within one year | 40/41 | €55,071 | €284 | -€54,786 | -99.5% |
| Trade receivables | 40 | - | €284 | +€284 | |
| Other amounts receivable | 41 | €55,071 | €0 | -€55,071 | -100% |
| Cash at bank and in hand | 54/58 | €95,029 | €79,224 | -€15,805 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,368 | €0 | -€1,368 | -100% |
| Total equity and liabilities | 10/49 | €246,436 | €79,509 | -€166,927 | -67.7% |
| Equity | 10/15 | €233,427 | €43,375 | -€190,052 | -81.4% |
| Contributions | 10/11 | €323,700 | €323,700 | = | 0.0% |
| Reserves | 13 | €86,799 | €0 | -€86,799 | -100% |
| Distributable reserves | 133 | €86,799 | €0 | -€86,799 | -100% |
| Profit (loss) carried forward | 14 | -€177,072 | -€280,325 | -€103,252 | -58.3% |
| Provisions and deferred taxes | 16 | €9,922 | €0 | -€9,922 | -100% |
| Provisions for liabilities and charges | 160/5 | €9,922 | €0 | -€9,922 | -100% |
| Other liabilities and charges | 164/5 | €9,922 | €0 | -€9,922 | -100% |
| Amounts payable | 17/49 | €3,087 | €36,134 | +€33,047 | +1,071% |
| Amounts payable within one year | 42/48 | €2,474 | €36,134 | +€33,660 | +1,361% |
| Trade debts | 44 | €200 | €248 | +€48 | +23.8% |
| Suppliers | 440/4 | €200 | €248 | +€48 | +23.8% |
| Taxes, remuneration and social security | 45 | €2,274 | €4,866 | +€2,592 | +114% |
| Taxes | 450/3 | €924 | €4,866 | +€3,943 | +427% |
| Remuneration and social security | 454/9 | €1,350 | €0 | -€1,350 | -100% |
| Other amounts payable | 47/48 | €0 | €31,020 | +€31,020 | |
| Accrued charges and deferred income | 492/3 | €613 | €0 | -€613 | -100% |
| Non-recurring operating income | 76A | - | €10,227 | +€10,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,320 | €86,846 | +€69,526 | +401% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,922 | -€9,922 | |
| Other operating charges | 640/8 | €126 | €454 | +€328 | +260% |
| Non-recurring operating charges | 66A | - | €9,922 | +€9,922 | |
| Gross operating margin | 9900 | -€26,826 | -€15,234 | +€11,593 | +43.2% |
| Operating profit (loss) | 9901 | -€44,272 | -€102,534 | -€58,261 | -132% |
| Financial income | 75/76B | €668 | €8 | -€660 | -98.8% |
| Recurring financial income | 75 | €668 | €8 | -€660 | -98.8% |
| Financial charges | 65/66B | €234 | €198 | -€36 | -15.4% |
| Recurring financial charges | 65 | €234 | €198 | -€36 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,838 | -€102,724 | -€58,885 | -134% |
| Income taxes | 67/77 | €647 | €529 | -€118 | -18.2% |
| Profit (loss) for the period | 9904 | -€44,485 | -€103,252 | -€58,767 | -132% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,485 | -€103,252 | -€58,767 | -132% |
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 17 October 2026 via checked.be.