LE CHAMP DE MARS: 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.
LE CHAMP DE MARS
Largest movements
- Cash -€18,515
down €18,515 (-27.8%), from €66,571 to €48,056
mainly Receivables within one year (-€14,905) and Short-term financial debts (-€12,000)
- Receivables within one year +€14,905
up €14,905 (+40.6%), from €36,714 to €51,619
of which Trade receivables: +€25,181
- Short-term financial debts -€12,000
no longer reported in 2025 (was €12,000)
- Trade debts +€1,714
up €1,714 (+7.1%), from €24,217 to €25,931
- Reserves +€1,691
up €1,691 (+4.2%), from €40,559 to €42,250
- Other debts +€1,531
new in 2025: €1,531
- Gross operating margin +€6,398
up €6,398 (+100%), from €6,388 to €12,786
- Taxes +€1,864
up €1,864 (+62.7%), from €2,974 to €4,838
- Other operating charges +€730
up €730 (+74.3%), from €983 to €1,713
- Financial charges -€508
down €508 (-11.2%), from €4,550 to €4,042
- Write-downs -€428
new in 2025: -€428
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 | €109,906 | €104,445 | -€5,461 | -5.0% |
| Fixed assets | 21/28 | €3,906 | €2,976 | -€930 | -23.8% |
| Tangible fixed assets | 22/27 | €3,356 | €2,426 | -€930 | -27.7% |
| Plant, machinery and equipment | 23 | €1,380 | €946 | -€434 | -31.4% |
| Furniture and vehicles | 24 | €1,976 | €1,480 | -€496 | -25.1% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €106,000 | €101,469 | -€4,531 | -4.3% |
| Amounts receivable within one year | 40/41 | €36,714 | €51,619 | +€14,905 | +40.6% |
| Trade receivables | 40 | €17,250 | €42,431 | +€25,181 | +146% |
| Other amounts receivable | 41 | €19,464 | €9,188 | -€10,276 | -52.8% |
| Cash at bank and in hand | 54/58 | €66,571 | €48,056 | -€18,515 | -27.8% |
| Deferred charges and accrued income | 490/1 | €2,715 | €1,794 | -€921 | -33.9% |
| Total equity and liabilities | 10/49 | €109,906 | €104,445 | -€5,461 | -5.0% |
| Equity | 10/15 | €70,442 | €72,133 | +€1,691 | +2.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €40,559 | €42,250 | +€1,691 | +4.2% |
| Distributable reserves | 133 | €40,559 | €42,250 | +€1,691 | +4.2% |
| Profit (loss) carried forward | 14 | €9,423 | €9,423 | = | 0.0% |
| Amounts payable | 17/49 | €39,464 | €32,312 | -€7,152 | -18.1% |
| Amounts payable within one year | 42/48 | €39,315 | €32,182 | -€7,133 | -18.1% |
| Financial debts | 43 | €12,000 | - | -€12,000 | |
| Credit institutions | 430/8 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €24,217 | €25,931 | +€1,714 | +7.1% |
| Suppliers | 440/4 | €24,217 | €25,931 | +€1,714 | +7.1% |
| Advances received on contracts in progress | 46 | - | €675 | +€675 | |
| Taxes, remuneration and social security | 45 | €3,098 | €4,045 | +€947 | +30.6% |
| Taxes | 450/3 | €3,098 | €4,045 | +€947 | +30.6% |
| Other amounts payable | 47/48 | - | €1,531 | +€1,531 | |
| Accrued charges and deferred income | 492/3 | €149 | €130 | -€19 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930 | €930 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€428 | -€428 | |
| Other operating charges | 640/8 | €983 | €1,713 | +€730 | +74.3% |
| Gross operating margin | 9900 | €6,388 | €12,786 | +€6,398 | +100% |
| Operating profit (loss) | 9901 | €4,475 | €10,571 | +€6,096 | +136% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €4,550 | €4,042 | -€508 | -11.2% |
| Recurring financial charges | 65 | €4,550 | €4,042 | -€508 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€70 | €6,529 | +€6,599 | |
| Income taxes | 67/77 | €2,974 | €4,838 | +€1,864 | +62.7% |
| Profit (loss) for the period | 9904 | -€3,044 | €1,691 | +€4,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,044 | €1,691 | +€4,735 |
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 22 October 2026 via checked.be.