AT-CHAPES: 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.
AT-CHAPES
Largest movements
- Receivables within one year +€72,879
up €72,879 (+74.1%), from €98,407 to €171,287
of which Trade receivables: +€70,144
- Cash -€11,761
down €11,761 (-12.8%), from €91,933 to €80,172
mainly Receivables within one year (-€72,879) and Investment in fixed assets (net) (-€13,975)
- Tangible fixed assets +€10,425
up €10,425 (+152%), from €6,847 to €17,272
of which Plant, machinery and equipment: +€6,345
- Trade debts +€31,528
up €31,528 (+167%), from €18,828 to €50,356
- Short-term financial debts +€25,000
new in 2025: €25,000
- Other debts +€9,895
up €9,895 (+13.6%), from €72,790 to €82,685
- Profit (loss) carried forward +€4,850
up €4,850 (+10.2%), from €47,373 to €52,223
- Gross operating margin -€22,231
down €22,231 (-20.4%), from €109,021 to €86,790
- Other operating charges +€4,599
up €4,599 (+338%), from €1,360 to €5,959
- Taxes -€3,478
down €3,478 (-37.6%), from €9,248 to €5,770
- Financial charges +€2,144
up €2,144 (+60.5%), from €3,542 to €5,686
- Depreciation +€1,112
up €1,112 (+45.6%), from €2,439 to €3,551
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 | €201,874 | €272,198 | +€70,324 | +34.8% |
| Fixed assets | 21/28 | €7,185 | €17,610 | +€10,425 | +145% |
| Tangible fixed assets | 22/27 | €6,847 | €17,272 | +€10,425 | +152% |
| Plant, machinery and equipment | 23 | €1,806 | €8,151 | +€6,345 | +351% |
| Furniture and vehicles | 24 | €2,345 | €1,807 | -€538 | -22.9% |
| Other tangible fixed assets | 26 | €2,696 | €7,313 | +€4,617 | +171% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €194,689 | €254,588 | +€59,900 | +30.8% |
| Amounts receivable within one year | 40/41 | €98,407 | €171,287 | +€72,879 | +74.1% |
| Trade receivables | 40 | €76,184 | €146,329 | +€70,144 | +92.1% |
| Other amounts receivable | 41 | €22,223 | €24,958 | +€2,735 | +12.3% |
| Cash at bank and in hand | 54/58 | €91,933 | €80,172 | -€11,761 | -12.8% |
| Deferred charges and accrued income | 490/1 | €4,348 | €3,129 | -€1,219 | -28.0% |
| Total equity and liabilities | 10/49 | €201,874 | €272,198 | +€70,324 | +34.8% |
| Equity | 10/15 | €94,064 | €98,914 | +€4,850 | +5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €28,141 | €28,141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €141 | €141 | = | 0.0% |
| Reserves not available under the articles | 1311 | €141 | €141 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,373 | €52,223 | +€4,850 | +10.2% |
| Amounts payable | 17/49 | €107,810 | €173,284 | +€65,474 | +60.7% |
| Amounts payable within one year | 42/48 | €107,810 | €173,284 | +€65,474 | +60.7% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €18,828 | €50,356 | +€31,528 | +167% |
| Suppliers | 440/4 | €18,828 | €50,356 | +€31,528 | +167% |
| Taxes, remuneration and social security | 45 | €16,192 | €15,243 | -€949 | -5.9% |
| Taxes | 450/3 | €2,070 | €445 | -€1,625 | -78.5% |
| Remuneration and social security | 454/9 | €14,122 | €14,798 | +€676 | +4.8% |
| Other amounts payable | 47/48 | €72,790 | €82,685 | +€9,895 | +13.6% |
| Remuneration, social security and pensions | 62 | €61,376 | €60,974 | -€403 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,439 | €3,551 | +€1,112 | +45.6% |
| Other operating charges | 640/8 | €1,360 | €5,959 | +€4,599 | +338% |
| Non-recurring operating charges | 66A | €15,014 | - | -€15,014 | |
| Gross operating margin | 9900 | €109,021 | €86,790 | -€22,231 | -20.4% |
| Operating profit (loss) | 9901 | €28,831 | €16,306 | -€12,525 | -43.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -88.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -88.2% |
| Financial charges | 65/66B | €3,542 | €5,686 | +€2,144 | +60.5% |
| Recurring financial charges | 65 | €3,542 | €5,686 | +€2,144 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €25,291 | €10,620 | -€14,671 | -58.0% |
| Income taxes | 67/77 | €9,248 | €5,770 | -€3,478 | -37.6% |
| Profit (loss) for the period | 9904 | €16,043 | €4,850 | -€11,193 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,043 | €4,850 | -€11,193 | -69.8% |
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 19 October 2026 via checked.be.