FONDATION CHIMAY-WARTOISE: 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
FONDATION CHIMAY-WARTOISE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€274,534
2024 · €1.5m-€1.2m
Equity
€37.9m
2024 · €37.6m+€274,534
Cash
€601,760
2024 · €92,611+€509,149
Balance sheet total
€41.8m
2024 · €41.0m+€761,854
Largest movements
Assets
- Cash +€509,149
up €509,149 (+550%), from €92,611 to €601,760
mainly Accrued charges and deferred income (+€420,922) and Receivables within one year (+€296,272)
- Financial fixed assets +€500,540
up €500,540 (+2.4%), from €21.0m to €21.5m
of which Affiliated companies: +€500,000
Equity and liabilities
- Accrued charges and deferred income +€420,922
up €420,922 (+40.7%), from €1.0m to €1.5m
Income statement
- Financial income -€2.7m
down €2.7m (-90.0%), from €3.0m to €297,230
of which Non-recurring financial income: -€2.7m
- Financial charges -€440,663
down €440,663 (-86.6%), from €509,127 to €68,464
of which Non-recurring financial charges: -€453,609
- Other operating charges -€439,799
down €439,799 (-22.8%), from €1.9m to €1.5m
- Staff costs -€146,799
down €146,799 (-15.0%), from €975,633 to €828,834
- Services and other goods -€63,858
down €63,858 (-12.9%), from €494,909 to €431,051
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
€1.5m
Turnover
-€2,676
Other operating income
+€7,687
Services and other goods
+€63,858
Staff costs
+€146,799
Depreciation
+€3,021
Other operating charges
+€439,799
Other operating items
+€315,007
Financial income
-€2.7m
Financial charges
+€440,663
Taxes
+€37,842
Result 2025
€274,534
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
+€1.3m
Investment
-€716,319
Financing
-€78,809
Cash 2024
€92,611
From operations (derived)
+€1.3m
Net result for the year
+€274,534
Depreciation
+€133,979
Receivables after one year
+€69,280
Receivables within one year
+€296,272
Deferred charges and accrued income
-€35,918
Provisions
-€98,992
Debts within one year
+€244,199
Accrued charges and deferred income
+€420,922
Investment (derived)
-€716,319
Investment in fixed assets (net)
-€506,274
Current investments
-€210,044
Financing
-€78,809
Debts after one year
-€78,809
Cash 2025
€601,760
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,997,090 | €41,758,945 | +€761,854 | +1.9% |
| Fixed assets | 21/28 | €22,543,309 | €22,915,604 | +€372,295 | +1.7% |
| Intangible fixed assets | 21 | €2,551 | €4,163 | +€1,612 | +63.2% |
| Tangible fixed assets | 22/27 | €1,549,681 | €1,419,823 | -€129,858 | -8.4% |
| Furniture and vehicles | 24 | €20,323 | €8,049 | -€12,274 | -60.4% |
| Other tangible fixed assets | 26 | €1,529,358 | €1,411,775 | -€117,584 | -7.7% |
| Financial fixed assets | 28 | €20,991,078 | €21,491,618 | +€500,540 | +2.4% |
| Affiliated companies | 280/1 | €20,710,568 | €21,210,568 | +€500,000 | +2.4% |
| Participating interests | 280 | €20,710,568 | €20,710,568 | = | 0.0% |
| Amounts receivable | 281 | - | €500,000 | +€500,000 | |
| Other financial fixed assets | 284/8 | €280,510 | €281,050 | +€540 | +0.2% |
| Shares | 284 | €280,510 | €280,510 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | - | €540 | +€540 | |
| Current assets | 29/58 | €18,453,781 | €18,843,340 | +€389,559 | +2.1% |
| Amounts receivable after more than one year | 29 | €1,377,973 | €1,308,693 | -€69,280 | -5.0% |
| Other amounts receivable | 291 | €1,377,973 | €1,308,693 | -€69,280 | -5.0% |
| Amounts receivable within one year | 40/41 | €843,635 | €547,363 | -€296,272 | -35.1% |
| Trade receivables | 40 | €5,276 | €1,489 | -€3,787 | -71.8% |
| Other amounts receivable | 41 | €838,359 | €545,874 | -€292,485 | -34.9% |
| Current investments | 50/53 | €15,963,947 | €16,173,991 | +€210,044 | +1.3% |
| Cash at bank and in hand | 54/58 | €92,611 | €601,760 | +€509,149 | +550% |
| Deferred charges and accrued income | 490/1 | €175,616 | €211,534 | +€35,918 | +20.5% |
| Total equity and liabilities | 10/49 | €40,997,090 | €41,758,945 | +€761,854 | +1.9% |
| Equity | 10/15 | €37,603,444 | €37,877,979 | +€274,534 | +0.7% |
| Contributions | 10/11 | €17,131,993 | €17,131,993 | = | 0.0% |
| Capital | 10 | €17,131,993 | €17,131,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,471,452 | €20,745,986 | +€274,534 | +1.3% |
| Provisions and deferred taxes | 16 | €1,309,149 | €1,210,157 | -€98,992 | -7.6% |
| Provisions for liabilities and charges | 160/5 | €1,309,149 | €1,210,157 | -€98,992 | -7.6% |
| Other liabilities and charges | 164/5 | €1,309,149 | €1,210,157 | -€98,992 | -7.6% |
| Amounts payable | 17/49 | €2,084,497 | €2,670,809 | +€586,312 | +28.1% |
| Amounts payable after more than one year | 17 | €835,059 | €756,250 | -€78,809 | -9.4% |
| Financial debts | 170/4 | €835,059 | €756,250 | -€78,809 | -9.4% |
| Credit institutions | 173 | €835,059 | €756,250 | -€78,809 | -9.4% |
| Amounts payable within one year | 42/48 | €214,849 | €459,048 | +€244,199 | +114% |
| Current portion of amounts payable after more than one year | 42 | €81,863 | €78,809 | -€3,054 | -3.7% |
| Trade debts | 44 | €46,815 | €255,033 | +€208,218 | +445% |
| Suppliers | 440/4 | €46,815 | €255,033 | +€208,218 | +445% |
| Taxes, remuneration and social security | 45 | €86,171 | €123,159 | +€36,988 | +42.9% |
| Taxes | 450/3 | €11,661 | €6,490 | -€5,171 | -44.3% |
| Remuneration and social security | 454/9 | €74,510 | €116,669 | +€42,159 | +56.6% |
| Accrued charges and deferred income | 492/3 | €1,034,589 | €1,455,511 | +€420,922 | +40.7% |
| Operating income | 70/76A | €2,626,060 | €2,935,608 | +€309,548 | +11.8% |
| Turnover | 70 | €19,022 | €16,346 | -€2,676 | -14.1% |
| Membership fees, donations, legacies and grants | 73 | €2,549,571 | €2,854,109 | +€304,537 | +11.9% |
| Other operating income | 74 | €57,466 | €65,154 | +€7,687 | +13.4% |
| Operating charges | 60/66A | €3,543,389 | €2,879,443 | -€663,946 | -18.7% |
| Services and other goods | 61 | €494,909 | €431,051 | -€63,858 | -12.9% |
| Remuneration, social security and pensions | 62 | €975,633 | €828,834 | -€146,799 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,000 | €133,979 | -€3,021 | -2.2% |
| Other operating charges | 640/8 | €1,925,378 | €1,485,579 | -€439,799 | -22.8% |
| Non-recurring operating charges | 66A | €10,470 | - | -€10,470 | |
| Operating profit (loss) | 9901 | -€917,329 | €56,165 | +€973,495 | |
| Financial income | 75/76B | €2,977,578 | €297,230 | -€2.7m | -90.0% |
| Recurring financial income | 75 | €216,873 | €285,513 | +€68,640 | +31.6% |
| Income from financial fixed assets | 750 | €53,330 | €30,855 | -€22,476 | -42.1% |
| Income from current assets | 751 | €163,542 | €254,658 | +€91,116 | +55.7% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €2,760,705 | €11,717 | -€2.7m | -99.6% |
| Financial charges | 65/66B | €509,127 | €68,464 | -€440,663 | -86.6% |
| Recurring financial charges | 65 | -€26,122 | -€13,176 | +€12,946 | +49.6% |
| Debt charges | 650 | €14,122 | €16,802 | +€2,679 | +19.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€41,504 | -€31,543 | +€9,961 | +24.0% |
| Other financial charges | 652/9 | €1,259 | €1,565 | +€305 | +24.2% |
| Non-recurring financial charges | 66B | €535,249 | €81,640 | -€453,609 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €1,551,122 | €284,931 | -€1.3m | -81.6% |
| Income taxes | 67/77 | €48,239 | €10,397 | -€37,842 | -78.4% |
| Taxes | 670/3 | €48,239 | €10,397 | -€37,842 | -78.4% |
| Profit (loss) for the period | 9904 | €1,502,883 | €274,534 | -€1.2m | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,502,883 | €274,534 | -€1.2m | -81.7% |
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 20 October 2026 via checked.be.