THE CHAMADE: 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.
THE CHAMADE
Largest movements
- Cash +€6,207
up €6,207 (+12.9%), from €47,993 to €54,200
mainly Net result for the year (+€13,073) and Depreciation (+€11,054)
- Stocks and contracts -€4,781
down €4,781 (-17.4%), from €27,522 to €22,741
- Tangible fixed assets +€4,073
up €4,073 (+12.1%), from €33,615 to €37,688
of which Other tangible fixed assets: +€5,889
- Receivables within one year +€4,070
up €4,070 (+70.7%), from €5,758 to €9,828
of which Trade receivables: +€4,463
- Deferred charges and accrued income +€2,007
up €2,007 (+56.5%), from €3,555 to €5,562
- Reserves +€13,073
up €13,073 (+39.3%), from €33,276 to €46,349
- Trade debts +€8,454
up €8,454 (+45.0%), from €18,786 to €27,240
- Debts after one year -€7,698
down €7,698 (-42.1%), from €18,280 to €10,582
of which Financial debts: -€4,098
- Tax, wage and social debts -€6,158
down €6,158 (-20.2%), from €30,553 to €24,395
of which Taxes: -€4,121
- Other debts +€3,695
up €3,695 (+87.5%), from €4,223 to €7,918
- Staff costs +€18,371
up €18,371 (+17.1%), from €107,484 to €125,855
- Gross operating margin +€6,180
up €6,180 (+4.1%), from €149,575 to €155,755
- Financial income +€2,149
up €2,149 (+214900.0%), from €1 to €2,150
- Depreciation +€1,713
up €1,713 (+18.3%), from €9,341 to €11,054
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 | €118,806 | €130,382 | +€11,576 | +9.7% |
| Fixed assets | 21/28 | €33,978 | €38,051 | +€4,073 | +12.0% |
| Tangible fixed assets | 22/27 | €33,615 | €37,688 | +€4,073 | +12.1% |
| Plant, machinery and equipment | 23 | €1,183 | €711 | -€472 | -39.9% |
| Furniture and vehicles | 24 | €18,680 | €17,336 | -€1,344 | -7.2% |
| Other tangible fixed assets | 26 | €13,752 | €19,641 | +€5,889 | +42.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €84,828 | €92,331 | +€7,503 | +8.8% |
| Stocks and contracts in progress | 3 | €27,522 | €22,741 | -€4,781 | -17.4% |
| Stocks | 30/36 | €27,522 | €22,741 | -€4,781 | -17.4% |
| Amounts receivable within one year | 40/41 | €5,758 | €9,828 | +€4,070 | +70.7% |
| Trade receivables | 40 | €170 | €4,633 | +€4,463 | +2625.3% |
| Other amounts receivable | 41 | €5,588 | €5,195 | -€393 | -7.0% |
| Cash at bank and in hand | 54/58 | €47,993 | €54,200 | +€6,207 | +12.9% |
| Deferred charges and accrued income | 490/1 | €3,555 | €5,562 | +€2,007 | +56.5% |
| Total equity and liabilities | 10/49 | €118,806 | €130,382 | +€11,576 | +9.7% |
| Equity | 10/15 | €39,476 | €52,549 | +€13,073 | +33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,276 | €46,349 | +€13,073 | +39.3% |
| Distributable reserves | 133 | €33,276 | €46,349 | +€13,073 | +39.3% |
| Amounts payable | 17/49 | €79,330 | €77,833 | -€1,497 | -1.9% |
| Amounts payable after more than one year | 17 | €18,280 | €10,582 | -€7,698 | -42.1% |
| Financial debts | 170/4 | €12,580 | €8,482 | -€4,098 | -32.6% |
| Other amounts payable | 178/9 | €5,700 | €2,100 | -€3,600 | -63.2% |
| Amounts payable within one year | 42/48 | €61,050 | €67,251 | +€6,201 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €7,488 | €7,698 | +€210 | +2.8% |
| Trade debts | 44 | €18,786 | €27,240 | +€8,454 | +45.0% |
| Suppliers | 440/4 | €18,786 | €27,240 | +€8,454 | +45.0% |
| Taxes, remuneration and social security | 45 | €30,553 | €24,395 | -€6,158 | -20.2% |
| Taxes | 450/3 | €13,258 | €9,137 | -€4,121 | -31.1% |
| Remuneration and social security | 454/9 | €17,295 | €15,258 | -€2,037 | -11.8% |
| Other amounts payable | 47/48 | €4,223 | €7,918 | +€3,695 | +87.5% |
| Remuneration, social security and pensions | 62 | €107,484 | €125,855 | +€18,371 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,341 | €11,054 | +€1,713 | +18.3% |
| Other operating charges | 640/8 | €3,929 | €4,210 | +€281 | +7.2% |
| Gross operating margin | 9900 | €149,575 | €155,755 | +€6,180 | +4.1% |
| Operating profit (loss) | 9901 | €28,821 | €14,636 | -€14,185 | -49.2% |
| Financial income | 75/76B | €1 | €2,150 | +€2,149 | +214900.0% |
| Recurring financial income | 75 | €1 | €2,150 | +€2,149 | +214900.0% |
| Financial charges | 65/66B | €2,966 | €2,406 | -€560 | -18.9% |
| Recurring financial charges | 65 | €2,966 | €2,406 | -€560 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €25,856 | €14,380 | -€11,476 | -44.4% |
| Income taxes | 67/77 | €2,351 | €1,307 | -€1,044 | -44.4% |
| Profit (loss) for the period | 9904 | €23,505 | €13,073 | -€10,432 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,505 | €13,073 | -€10,432 | -44.4% |
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.