CHIAMAL: 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.
CHIAMAL
Largest movements
- Tangible fixed assets -€459,813
down €459,813 (-5.0%), from €9.3m to €8.8m
of which Assets under construction and advance payments: -€8.2m
- Contributions +€1.5m
up €1.5m (+289%), from €518,600 to €2.0m
- Debts after one year -€1.3m
down €1.3m (-21.6%), from €6.2m to €4.9m
of which Other amounts payable: -€1.1m
- Trade debts -€337,330
down €337,330 (-71.7%), from €470,719 to €133,389
- Profit (loss) carried forward -€334,192
down €334,192 (-59.7%), from -€559,568 to -€893,760
- Depreciation +€313,120
up €313,120 (+285%), from €109,757 to €422,877
- Gross operating margin +€239,352
up €239,352 (+165%), from €145,188 to €384,540
- Financial charges +€238,219
up €238,219 (+1,798%), from €13,252 to €251,471
- Other operating charges +€37,367
up €37,367 (+641%), from €5,830 to €43,197
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 | €9,373,308 | €8,912,984 | -€460,324 | -4.9% |
| Fixed assets | 21/28 | €9,270,310 | €8,810,497 | -€459,813 | -5.0% |
| Tangible fixed assets | 22/27 | €9,270,235 | €8,810,422 | -€459,813 | -5.0% |
| Land and buildings | 22 | €504,013 | €8,431,346 | +€7.9m | +1,573% |
| Plant, machinery and equipment | 23 | €188,019 | €166,834 | -€21,185 | -11.3% |
| Furniture and vehicles | 24 | €332,554 | €212,243 | -€120,311 | -36.2% |
| Assets under construction and advance payments | 27 | €8,245,649 | €0 | -€8.2m | -100% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €102,998 | €102,487 | -€511 | -0.5% |
| Amounts receivable within one year | 40/41 | €70,866 | €88,774 | +€17,909 | +25.3% |
| Trade receivables | 40 | €2,100 | €87,135 | +€85,035 | +4,049% |
| Other amounts receivable | 41 | €68,766 | €1,639 | -€67,126 | -97.6% |
| Cash at bank and in hand | 54/58 | €24,041 | €4,419 | -€19,621 | -81.6% |
| Deferred charges and accrued income | 490/1 | €8,091 | €9,293 | +€1,202 | +14.9% |
| Total equity and liabilities | 10/49 | €9,373,308 | €8,912,984 | -€460,324 | -4.9% |
| Equity | 10/15 | €111,095 | €1,276,903 | +€1.2m | +1,049% |
| Contributions | 10/11 | €518,600 | €2,018,600 | +€1.5m | +289% |
| Reserves | 13 | €152,064 | €152,064 | = | 0.0% |
| Distributable reserves | 133 | €152,064 | €152,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€559,568 | -€893,760 | -€334,192 | -59.7% |
| Amounts payable | 17/49 | €9,262,212 | €7,636,081 | -€1.6m | -17.6% |
| Amounts payable after more than one year | 17 | €6,183,173 | €4,850,011 | -€1.3m | -21.6% |
| Financial debts | 170/4 | €3,774,261 | €3,559,651 | -€214,610 | -5.7% |
| Other amounts payable | 178/9 | €2,408,912 | €1,290,360 | -€1.1m | -46.4% |
| Amounts payable within one year | 42/48 | €3,079,039 | €2,786,069 | -€292,970 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €205,669 | €214,610 | +€8,940 | +4.3% |
| Financial debts | 43 | €2,400,000 | €2,400,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,400,000 | €2,400,000 | = | 0.0% |
| Trade debts | 44 | €470,719 | €133,389 | -€337,330 | -71.7% |
| Suppliers | 440/4 | €470,719 | €133,389 | -€337,330 | -71.7% |
| Taxes, remuneration and social security | 45 | €2,650 | €35,933 | +€33,283 | +1,256% |
| Taxes | 450/3 | €2,650 | €35,933 | +€33,283 | +1,256% |
| Other amounts payable | 47/48 | - | €2,137 | +€2,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,757 | €422,877 | +€313,120 | +285% |
| Other operating charges | 640/8 | €5,830 | €43,197 | +€37,367 | +641% |
| Gross operating margin | 9900 | €145,188 | €384,540 | +€239,352 | +165% |
| Operating profit (loss) | 9901 | €29,601 | -€81,534 | -€111,135 | |
| Financial income | 75/76B | €155 | €1 | -€154 | -99.5% |
| Recurring financial income | 75 | €155 | €1 | -€154 | -99.5% |
| Financial charges | 65/66B | €13,252 | €251,471 | +€238,219 | +1,798% |
| Recurring financial charges | 65 | €13,252 | €251,471 | +€238,219 | +1,798% |
| Profit (loss) for the period before taxes | 9903 | €16,503 | -€333,004 | -€349,507 | |
| Income taxes | 67/77 | €2,650 | €1,188 | -€1,462 | -55.2% |
| Profit (loss) for the period | 9904 | €13,853 | -€334,192 | -€348,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,853 | -€334,192 | -€348,045 |
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 26 October 2026 via checked.be.