CHAMAR: 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.
CHAMAR
Largest movements
- Tangible fixed assets +€40,846
up €40,846 (+67.7%), from €60,314 to €101,160
of which Plant, machinery and equipment: +€41,073
- Cash -€11,982
down €11,982 (-95.3%), from €12,573 to €591
mainly Investment in fixed assets (net) (-€51,888) and Trade debts (-€38,506)
- Stocks and contracts +€8,122
up €8,122 (+39.4%), from €20,638 to €28,760
- Receivables within one year -€4,986
down €4,986 (-47.2%), from €10,554 to €5,568
- Deferred charges and accrued income +€2,252
up €2,252 (+32.1%), from €7,017 to €9,269
- Other debts +€72,791
up €72,791 (+79.9%), from €91,089 to €163,880
- Trade debts -€38,506
down €38,506 (-76.2%), from €50,524 to €12,018
- Tax, wage and social debts -€3,181
down €3,181 (-64.5%), from €4,931 to €1,750
of which Taxes: -€3,212
- Profit (loss) carried forward +€3,148
up €3,148 (+2.6%), from -€120,920 to -€117,772
- Staff costs +€8,811
up €8,811 (+253%), from €3,488 to €12,299
- Depreciation +€905
up €905 (+8.9%), from €10,137 to €11,042
- Gross operating margin +€321
up €321 (+1.1%), from €29,464 to €29,785
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 | €111,096 | €145,348 | +€34,252 | +30.8% |
| Fixed assets | 21/28 | €60,314 | €101,160 | +€40,846 | +67.7% |
| Tangible fixed assets | 22/27 | €60,314 | €101,160 | +€40,846 | +67.7% |
| Land and buildings | 22 | €8,957 | €9,973 | +€1,016 | +11.3% |
| Plant, machinery and equipment | 23 | €44,258 | €85,331 | +€41,073 | +92.8% |
| Furniture and vehicles | 24 | €7,099 | €5,856 | -€1,243 | -17.5% |
| Current assets | 29/58 | €50,782 | €44,188 | -€6,594 | -13.0% |
| Stocks and contracts in progress | 3 | €20,638 | €28,760 | +€8,122 | +39.4% |
| Stocks | 30/36 | €20,638 | €28,760 | +€8,122 | +39.4% |
| Amounts receivable within one year | 40/41 | €10,554 | €5,568 | -€4,986 | -47.2% |
| Trade receivables | 40 | €10,554 | €5,568 | -€4,986 | -47.2% |
| Cash at bank and in hand | 54/58 | €12,573 | €591 | -€11,982 | -95.3% |
| Deferred charges and accrued income | 490/1 | €7,017 | €9,269 | +€2,252 | +32.1% |
| Total equity and liabilities | 10/49 | €111,096 | €145,348 | +€34,252 | +30.8% |
| Equity | 10/15 | -€35,548 | -€32,400 | +€3,148 | +8.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €66,622 | €66,622 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €64,763 | €64,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,920 | -€117,772 | +€3,148 | +2.6% |
| Amounts payable | 17/49 | €146,644 | €177,748 | +€31,104 | +21.2% |
| Amounts payable within one year | 42/48 | €146,644 | €177,748 | +€31,104 | +21.2% |
| Trade debts | 44 | €50,524 | €12,018 | -€38,506 | -76.2% |
| Suppliers | 440/4 | €50,524 | €12,018 | -€38,506 | -76.2% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,931 | €1,750 | -€3,181 | -64.5% |
| Taxes | 450/3 | €4,457 | €1,245 | -€3,212 | -72.1% |
| Remuneration and social security | 454/9 | €474 | €505 | +€31 | +6.5% |
| Other amounts payable | 47/48 | €91,089 | €163,880 | +€72,791 | +79.9% |
| Remuneration, social security and pensions | 62 | €3,488 | €12,299 | +€8,811 | +253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,137 | €11,042 | +€905 | +8.9% |
| Other operating charges | 640/8 | €2,197 | €2,411 | +€214 | +9.7% |
| Gross operating margin | 9900 | €29,464 | €29,785 | +€321 | +1.1% |
| Operating profit (loss) | 9901 | €13,642 | €4,033 | -€9,609 | -70.4% |
| Financial income | 75/76B | €42 | €32 | -€10 | -23.8% |
| Recurring financial income | 75 | €42 | €32 | -€10 | -23.8% |
| Financial charges | 65/66B | €502 | €578 | +€76 | +15.1% |
| Recurring financial charges | 65 | €502 | €578 | +€76 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €13,182 | €3,487 | -€9,695 | -73.5% |
| Income taxes | 67/77 | €328 | €339 | +€11 | +3.4% |
| Profit (loss) for the period | 9904 | €12,854 | €3,148 | -€9,706 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,854 | €3,148 | -€9,706 | -75.5% |
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 25 October 2026 via checked.be.