CHAMROVA: 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.
CHAMROVA
Largest movements
- Cash -€115,746
down €115,746 (-30.1%), from €384,681 to €268,935
mainly Other debts (-€195,445) and Trade debts (-€65,441)
- Tangible fixed assets -€29,118
down €29,118 (-6.1%), from €475,711 to €446,593
of which Land and buildings: -€15,703
- Receivables within one year -€26,023
down €26,023 (-19.0%), from €137,160 to €111,137
of which Trade receivables: -€47,821
- Other debts -€195,445
down €195,445 (-91.0%), from €214,809 to €19,364
- Reserves +€86,115
up €86,115 (+9.3%), from €928,575 to €1.0m
of which Distributable reserves: +€86,115
- Trade debts -€65,441
down €65,441 (-46.4%), from €141,126 to €75,685
- Gross operating margin -€106,679
down €106,679 (-17.0%), from €625,732 to €519,054
- Taxes -€49,652
down €49,652 (-49.5%), from €100,256 to €50,604
- Write-downs +€38,726
new in 2025: €38,726
- Staff costs +€12,704
up €12,704 (+5.4%), from €233,126 to €245,831
- Depreciation -€7,431
down €7,431 (-11.1%), from €66,888 to €59,457
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 | €1,412,412 | €1,227,279 | -€185,133 | -13.1% |
| Fixed assets | 21/28 | €476,231 | €447,113 | -€29,118 | -6.1% |
| Tangible fixed assets | 22/27 | €475,711 | €446,593 | -€29,118 | -6.1% |
| Land and buildings | 22 | €369,048 | €353,344 | -€15,703 | -4.3% |
| Plant, machinery and equipment | 23 | €82,238 | €76,004 | -€6,235 | -7.6% |
| Furniture and vehicles | 24 | €24,425 | €17,245 | -€7,180 | -29.4% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €936,180 | €780,165 | -€156,015 | -16.7% |
| Stocks and contracts in progress | 3 | €54,725 | €45,000 | -€9,725 | -17.8% |
| Stocks | 30/36 | €54,725 | €45,000 | -€9,725 | -17.8% |
| Amounts receivable within one year | 40/41 | €137,160 | €111,137 | -€26,023 | -19.0% |
| Trade receivables | 40 | €136,870 | €89,049 | -€47,821 | -34.9% |
| Other amounts receivable | 41 | €290 | €22,088 | +€21,798 | +7511.7% |
| Current investments | 50/53 | €356,322 | €354,784 | -€1,538 | -0.4% |
| Cash at bank and in hand | 54/58 | €384,681 | €268,935 | -€115,746 | -30.1% |
| Deferred charges and accrued income | 490/1 | €3,293 | €310 | -€2,983 | -90.6% |
| Total equity and liabilities | 10/49 | €1,412,412 | €1,227,279 | -€185,133 | -13.1% |
| Equity | 10/15 | €947,263 | €1,033,378 | +€86,115 | +9.1% |
| Contributions | 10/11 | €18,688 | €18,688 | = | 0.0% |
| Reserves | 13 | €928,575 | €1,014,691 | +€86,115 | +9.3% |
| Non-distributable reserves | 130/1 | €1,869 | €1,869 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,869 | €1,869 | = | 0.0% |
| Tax-exempt reserves | 132 | €798 | €798 | = | 0.0% |
| Distributable reserves | 133 | €925,909 | €1,012,024 | +€86,115 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €465,149 | €193,900 | -€271,248 | -58.3% |
| Amounts payable within one year | 42/48 | €465,149 | €192,902 | -€272,247 | -58.5% |
| Trade debts | 44 | €141,126 | €75,685 | -€65,441 | -46.4% |
| Suppliers | 440/4 | €141,126 | €75,685 | -€65,441 | -46.4% |
| Taxes, remuneration and social security | 45 | €109,214 | €97,853 | -€11,361 | -10.4% |
| Taxes | 450/3 | €63,762 | €58,021 | -€5,741 | -9.0% |
| Remuneration and social security | 454/9 | €45,452 | €39,832 | -€5,620 | -12.4% |
| Other amounts payable | 47/48 | €214,809 | €19,364 | -€195,445 | -91.0% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €233,126 | €245,831 | +€12,704 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,888 | €59,457 | -€7,431 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,726 | +€38,726 | |
| Other operating charges | 640/8 | €8,132 | €7,679 | -€453 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €625,732 | €519,054 | -€106,679 | -17.0% |
| Operating profit (loss) | 9901 | €317,586 | €167,362 | -€150,225 | -47.3% |
| Financial income | 75/76B | €9,799 | €12,295 | +€2,497 | +25.5% |
| Recurring financial income | 75 | €9,799 | €12,295 | +€2,497 | +25.5% |
| Financial charges | 65/66B | €1,284 | €925 | -€359 | -28.0% |
| Recurring financial charges | 65 | €1,284 | €925 | -€359 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €326,101 | €178,732 | -€147,369 | -45.2% |
| Income taxes | 67/77 | €100,256 | €50,604 | -€49,652 | -49.5% |
| Profit (loss) for the period | 9904 | €225,845 | €128,128 | -€97,717 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €225,845 | €128,128 | -€97,717 | -43.3% |
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 9 October 2026 via checked.be.