CHRIAM: 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
CHRIAM
NACE 55.203, Holiday cottages, homes and apartments
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€102,027
2024 · €38,141+€63,886
Equity
€338,989
2024 · €236,961+€102,027
Cash
€7,407
2024 · €17,280-€9,873
Balance sheet total
€930,435
2024 · €1.1m-€185,856
Largest movements
Assets
- Tangible fixed assets -€246,993
down €246,993 (-49.7%), from €496,906 to €249,914
of which Land and buildings: -€245,326
- Current investments +€69,990
up €69,990 (+83.0%), from €84,281 to €154,271
Equity and liabilities
- Debts after one year -€272,774
down €272,774 (-39.1%), from €698,034 to €425,259
of which Financial debts: -€270,189
- Profit (loss) carried forward +€102,027
up €102,027 (+187%), from €54,421 to €156,449
- Current portion of long-term debt -€41,683
down €41,683 (-37.3%), from €111,665 to €69,981
- Tax, wage and social debts +€22,286
up €22,286 (+78.2%), from €28,491 to €50,777
Income statement
- Gross operating margin +€56,599
up €56,599 (+35.0%), from €161,667 to €218,266
- Depreciation -€32,809
down €32,809 (-43.3%), from €75,735 to €42,926
- Taxes +€23,154
up €23,154 (+128%), from €18,149 to €41,302
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
€38,141
Gross operating margin
+€56,599
Depreciation
+€32,809
Other operating charges
+€273
Other operating items
-€3,868
Financial income
+€185
Financial charges
+€1,041
Taxes
-€23,154
Result 2025
€102,027
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
+€170,507
Investment
+€134,077
Financing
-€314,458
Cash 2024
€17,280
From operations (derived)
+€170,507
Net result for the year
+€102,027
Depreciation
+€42,926
Receivables within one year
-€1,185
Deferred charges and accrued income
+€165
Trade debts
+€3,282
Tax, wage and social debts
+€22,286
Advances received
-€6,037
Other debts
+€7,044
Investment (derived)
+€134,077
Investment in fixed assets (net)
+€204,067
Current investments
-€69,990
Financing
-€314,458
Debts after one year
-€272,774
Current portion of long-term debt
-€41,683
Cash 2025
€7,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,116,291 | €930,435 | -€185,856 | -16.6% |
| Fixed assets | 21/28 | €516,931 | €269,939 | -€246,993 | -47.8% |
| Tangible fixed assets | 22/27 | €496,906 | €249,914 | -€246,993 | -49.7% |
| Land and buildings | 22 | €489,959 | €244,633 | -€245,326 | -50.1% |
| Plant, machinery and equipment | 23 | €5,282 | €4,663 | -€619 | -11.7% |
| Furniture and vehicles | 24 | €1,666 | €617 | -€1,048 | -62.9% |
| Financial fixed assets | 28 | €20,025 | €20,025 | = | 0.0% |
| Current assets | 29/58 | €599,359 | €660,496 | +€61,137 | +10.2% |
| Amounts receivable after more than one year | 29 | €467,500 | €467,500 | = | 0.0% |
| Other amounts receivable | 291 | €467,500 | €467,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,133 | €31,318 | +€1,185 | +3.9% |
| Trade receivables | 40 | €30,133 | €31,318 | +€1,185 | +3.9% |
| Current investments | 50/53 | €84,281 | €154,271 | +€69,990 | +83.0% |
| Cash at bank and in hand | 54/58 | €17,280 | €7,407 | -€9,873 | -57.1% |
| Deferred charges and accrued income | 490/1 | €165 | - | -€165 | |
| Total equity and liabilities | 10/49 | €1,116,291 | €930,435 | -€185,856 | -16.6% |
| Equity | 10/15 | €236,961 | €338,989 | +€102,027 | +43.1% |
| Contributions | 10/11 | €178,600 | €178,600 | = | 0.0% |
| Reserves | 13 | €3,940 | €3,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,940 | €3,940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,940 | €3,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,421 | €156,449 | +€102,027 | +187% |
| Amounts payable | 17/49 | €879,330 | €591,446 | -€287,884 | -32.7% |
| Amounts payable after more than one year | 17 | €698,034 | €425,259 | -€272,774 | -39.1% |
| Financial debts | 170/4 | €678,503 | €408,314 | -€270,189 | -39.8% |
| Other amounts payable | 178/9 | €19,531 | €16,945 | -€2,586 | -13.2% |
| Amounts payable within one year | 42/48 | €181,296 | €166,187 | -€15,109 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €111,665 | €69,981 | -€41,683 | -37.3% |
| Trade debts | 44 | €1,625 | €4,907 | +€3,282 | +202% |
| Suppliers | 440/4 | €1,625 | €4,907 | +€3,282 | +202% |
| Advances received on contracts in progress | 46 | €38,694 | €32,656 | -€6,037 | -15.6% |
| Taxes, remuneration and social security | 45 | €28,491 | €50,777 | +€22,286 | +78.2% |
| Taxes | 450/3 | €28,491 | €50,777 | +€22,286 | +78.2% |
| Other amounts payable | 47/48 | €822 | €7,865 | +€7,044 | +857% |
| Non-recurring operating income | 76A | - | €68,392 | +€68,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,735 | €42,926 | -€32,809 | -43.3% |
| Other operating charges | 640/8 | €17,101 | €16,827 | -€273 | -1.6% |
| Non-recurring operating charges | 66A | - | €3,868 | +€3,868 | |
| Gross operating margin | 9900 | €161,667 | €218,266 | +€56,599 | +35.0% |
| Operating profit (loss) | 9901 | €68,831 | €154,645 | +€85,814 | +125% |
| Financial income | 75/76B | €8 | €193 | +€185 | +2,280% |
| Recurring financial income | 75 | €8 | €193 | +€185 | +2,280% |
| Financial charges | 65/66B | €12,549 | €11,509 | -€1,041 | -8.3% |
| Recurring financial charges | 65 | €12,549 | €11,509 | -€1,041 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €56,290 | €143,330 | +€87,040 | +155% |
| Income taxes | 67/77 | €18,149 | €41,302 | +€23,154 | +128% |
| Profit (loss) for the period | 9904 | €38,141 | €102,027 | +€63,886 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €38,141 | €102,027 | +€63,886 | +167% |
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 19 October 2026 via checked.be.