ALTOS DE CHAVON: what changed
What changed
ALTOS DE CHAVON
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€80,757
2024 · €43,369+€37,388
Equity
€104,248
2024 · €23,491+€80,757
Cash
€98,668
2024 · €37,360+€61,309
Balance sheet total
€194,774
2024 · €173,278+€21,496
Largest movements
Assets
- Cash +€61,309
up €61,309 (+164%), from €37,360 to €98,668
mainly Net result for the year (+€80,757) and Depreciation (+€45,345)
- Tangible fixed assets -€25,699
down €25,699 (-35.7%), from €72,000 to €46,301
of which Furniture and vehicles: -€14,455
- Formation expenses -€24,000
down €24,000 (-45.7%), from €52,471 to €28,471
- Intangible fixed assets +€9,151
new in 2025: €9,151
Equity and liabilities
- Profit (loss) carried forward +€80,757
up €80,757 (+875%), from €9,231 to €89,988
- Other debts -€72,105
down €72,105 (-55.0%), from €131,172 to €59,067
- Accrued charges and deferred income +€10,000
new in 2025: €10,000
Income statement
- Gross operating margin +€33,036
up €33,036 (+30.1%), from €109,683 to €142,719
- Financial charges -€14,564
down €14,564 (-75.9%), from €19,181 to €4,617
- Depreciation +€1,473
up €1,473 (+3.4%), from €43,871 to €45,345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,369
Gross operating margin
+€33,036
Staff costs
-€10
Depreciation
-€1,473
Other operating charges
+€1,346
Other operating items
-€10,000
Financial income
-€1
Financial charges
+€14,564
Taxes
-€73
Result 2025
€80,757
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€65,497
Investment
-€4,796
Financing
+€608
Cash 2024
€37,360
From operations (derived)
+€65,497
Net result for the year
+€80,757
Depreciation
+€45,345
Receivables within one year
+€322
Deferred charges and accrued income
-€1,057
Trade debts
+€1,468
Tax, wage and social debts
+€767
Other debts
-€72,105
Accrued charges and deferred income
+€10,000
Investment (derived)
-€4,796
Investment in fixed assets (net)
-€4,796
Financing
+€608
Short-term financial debts
+€608
Cash 2025
€98,668
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,278 | €194,774 | +€21,496 | +12.4% |
| Formation expenses | 20 | €52,471 | €28,471 | -€24,000 | -45.7% |
| Fixed assets | 21/28 | €81,600 | €65,052 | -€16,548 | -20.3% |
| Intangible fixed assets | 21 | - | €9,151 | +€9,151 | |
| Tangible fixed assets | 22/27 | €72,000 | €46,301 | -€25,699 | -35.7% |
| Plant, machinery and equipment | 23 | €1,108 | €462 | -€646 | -58.3% |
| Furniture and vehicles | 24 | €46,184 | €31,730 | -€14,455 | -31.3% |
| Other tangible fixed assets | 26 | €24,708 | €14,109 | -€10,599 | -42.9% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €39,207 | €101,251 | +€62,044 | +158% |
| Amounts receivable within one year | 40/41 | €322 | €0 | -€322 | -100% |
| Trade receivables | 40 | €322 | €0 | -€322 | -100% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €37,360 | €98,668 | +€61,309 | +164% |
| Deferred charges and accrued income | 490/1 | €1,525 | €2,582 | +€1,057 | +69.3% |
| Total equity and liabilities | 10/49 | €173,278 | €194,774 | +€21,496 | +12.4% |
| Equity | 10/15 | €23,491 | €104,248 | +€80,757 | +344% |
| Reserves | 13 | €14,260 | €14,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,260 | - | -€14,260 | |
| Reserves not available under the articles | 1311 | €14,260 | - | -€14,260 | |
| Distributable reserves | 133 | - | €14,260 | +€14,260 | |
| Profit (loss) carried forward | 14 | €9,231 | €89,988 | +€80,757 | +875% |
| Amounts payable | 17/49 | €149,788 | €90,526 | -€59,262 | -39.6% |
| Amounts payable within one year | 42/48 | €149,788 | €80,526 | -€69,262 | -46.2% |
| Financial debts | 43 | €183 | €791 | +€608 | +333% |
| Credit institutions | 430/8 | €183 | €791 | +€608 | +333% |
| Trade debts | 44 | €16,447 | €17,916 | +€1,468 | +8.9% |
| Suppliers | 440/4 | €16,447 | €17,916 | +€1,468 | +8.9% |
| Taxes, remuneration and social security | 45 | €1,985 | €2,753 | +€767 | +38.7% |
| Taxes | 450/3 | €1,985 | €2,753 | +€767 | +38.7% |
| Other amounts payable | 47/48 | €131,172 | €59,067 | -€72,105 | -55.0% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Non-recurring operating income | 76A | €10,532 | - | -€10,532 | |
| Remuneration, social security and pensions | 62 | -€10 | - | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,871 | €45,345 | +€1,473 | +3.4% |
| Other operating charges | 640/8 | €3,054 | €1,708 | -€1,346 | -44.1% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €109,683 | €142,719 | +€33,036 | +30.1% |
| Operating profit (loss) | 9901 | €62,768 | €85,666 | +€22,898 | +36.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €19,181 | €4,617 | -€14,564 | -75.9% |
| Recurring financial charges | 65 | €19,181 | €4,617 | -€14,564 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €43,588 | €81,049 | +€37,462 | +85.9% |
| Income taxes | 67/77 | €219 | €292 | +€73 | +33.5% |
| Profit (loss) for the period | 9904 | €43,369 | €80,757 | +€37,388 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,369 | €80,757 | +€37,388 | +86.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.