AS CHAPE: 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.
AS CHAPE
Largest movements
- Receivables within one year -€28,698
down €28,698 (-70.9%), from €40,459 to €11,761
of which Trade receivables: -€17,892
- Receivables after one year -€8,866
down €8,866 (-100%), from €8,866 to €0
- Deferred charges and accrued income -€2,946
down €2,946 (-70.2%), from €4,198 to €1,253
- Tangible fixed assets -€2,586
down €2,586 (-6.1%), from €42,380 to €39,794
of which Leasing and similar rights: -€9,200
- Cash -€2,459
down €2,459 (-63.9%), from €3,845 to €1,386
mainly Other debts (-€25,416) and Trade debts (-€8,856)
- Other debts -€25,416
down €25,416 (-66.9%), from €38,000 to €12,584
- Trade debts -€8,856
down €8,856 (-86.3%), from €10,266 to €1,411
- Debts after one year -€8,722
down €8,722 (-27.6%), from €31,610 to €22,888
- Tax, wage and social debts -€6,115
down €6,115 (-96.6%), from €6,329 to €215
of which Remuneration and social security: -€4,215
- Profit (loss) carried forward +€2,872
up €2,872 (+43.5%), from -€6,601 to -€3,729
- Gross operating margin -€26,888
down €26,888 (-42.8%), from €62,776 to €35,887
- Staff costs -€24,856
down €24,856 (-62.1%), from €40,051 to €15,195
- Depreciation +€2,828
up €2,828 (+33.1%), from €8,543 to €11,370
- Other operating charges +€2,017
up €2,017 (+189%), from €1,066 to €3,083
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 | €101,977 | €56,090 | -€45,887 | -45.0% |
| Fixed assets | 21/28 | €43,340 | €40,754 | -€2,586 | -6.0% |
| Tangible fixed assets | 22/27 | €42,380 | €39,794 | -€2,586 | -6.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,809 | €8,904 | +€7,095 | +392% |
| Leasing and similar rights | 25 | €39,113 | €29,913 | -€9,200 | -23.5% |
| Other tangible fixed assets | 26 | €1,459 | €978 | -€481 | -33.0% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €58,637 | €15,336 | -€43,300 | -73.8% |
| Amounts receivable after more than one year | 29 | €8,866 | €0 | -€8,866 | -100% |
| Other amounts receivable | 291 | €8,866 | €0 | -€8,866 | -100% |
| Stocks and contracts in progress | 3 | €1,268 | €936 | -€332 | -26.2% |
| Stocks | 30/36 | €1,268 | €936 | -€332 | -26.2% |
| Amounts receivable within one year | 40/41 | €40,459 | €11,761 | -€28,698 | -70.9% |
| Trade receivables | 40 | €20,992 | €3,100 | -€17,892 | -85.2% |
| Other amounts receivable | 41 | €19,468 | €8,662 | -€10,806 | -55.5% |
| Cash at bank and in hand | 54/58 | €3,845 | €1,386 | -€2,459 | -63.9% |
| Deferred charges and accrued income | 490/1 | €4,198 | €1,253 | -€2,946 | -70.2% |
| Total equity and liabilities | 10/49 | €101,977 | €56,090 | -€45,887 | -45.0% |
| Equity | 10/15 | €8,099 | €10,271 | +€2,172 | +26.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €13,700 | €13,000 | -€700 | -5.1% |
| Distributable reserves | 133 | €13,700 | €13,000 | -€700 | -5.1% |
| Profit (loss) carried forward | 14 | -€6,601 | -€3,729 | +€2,872 | +43.5% |
| Amounts payable | 17/49 | €93,878 | €45,819 | -€48,059 | -51.2% |
| Amounts payable after more than one year | 17 | €31,610 | €22,888 | -€8,722 | -27.6% |
| Financial debts | 170/4 | €31,610 | €22,888 | -€8,722 | -27.6% |
| Amounts payable within one year | 42/48 | €62,268 | €22,931 | -€39,337 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €7,672 | €8,722 | +€1,049 | +13.7% |
| Trade debts | 44 | €10,266 | €1,411 | -€8,856 | -86.3% |
| Suppliers | 440/4 | €10,266 | €1,411 | -€8,856 | -86.3% |
| Taxes, remuneration and social security | 45 | €6,329 | €215 | -€6,115 | -96.6% |
| Taxes | 450/3 | €2,115 | €215 | -€1,900 | -89.9% |
| Remuneration and social security | 454/9 | €4,215 | €0 | -€4,215 | -100% |
| Other amounts payable | 47/48 | €38,000 | €12,584 | -€25,416 | -66.9% |
| Non-recurring operating income | 76A | - | €4,154 | +€4,154 | |
| Remuneration, social security and pensions | 62 | €40,051 | €15,195 | -€24,856 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,543 | €11,370 | +€2,828 | +33.1% |
| Other operating charges | 640/8 | €1,066 | €3,083 | +€2,017 | +189% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €62,776 | €35,887 | -€26,888 | -42.8% |
| Operating profit (loss) | 9901 | €13,116 | €6,114 | -€7,003 | -53.4% |
| Financial income | 75/76B | €354 | €0 | -€354 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Non-recurring financial income | 76B | €352 | - | -€352 | |
| Financial charges | 65/66B | €2,759 | €3,027 | +€269 | +9.7% |
| Recurring financial charges | 65 | €2,759 | €3,027 | +€269 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €10,711 | €3,086 | -€7,625 | -71.2% |
| Income taxes | 67/77 | €0 | €215 | +€215 | |
| Profit (loss) for the period | 9904 | €10,711 | €2,872 | -€7,839 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,711 | €2,872 | -€7,839 | -73.2% |
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 17 October 2026 via checked.be.