CG 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.
CG CHAPE
Largest movements
- Receivables within one year +€26,724
up €26,724 (+31.2%), from €85,750 to €112,474
of which Other amounts receivable: +€24,799
- Cash +€20,497
up €20,497 (+313%), from €6,545 to €27,042
mainly Trade debts (+€36,083) and Net result for the year (+€15,991)
- Deferred charges and accrued income -€3,276
down €3,276 (-86.5%), from €3,787 to €511
- Trade debts +€36,083
up €36,083 (+76.8%), from €46,976 to €83,059
- Reserves +€15,991
up €15,991 (+576%), from €2,778 to €18,769
- Current portion of long-term debt -€13,986
no longer reported in 2025 (was €13,986)
- Accrued charges and deferred income +€9,938
up €9,938 (+134%), from €7,411 to €17,349
- Debts after one year -€9,000
down €9,000 (-24.0%), from €37,500 to €28,500
- Other operating charges +€8,643
up €8,643 (+589%), from €1,468 to €10,111
- Gross operating margin -€5,354
down €5,354 (-13.6%), from €39,374 to €34,020
- Write-downs +€2,240
new in 2025: €2,240
- Depreciation -€1,223
down €1,223 (-66.9%), from €1,828 to €605
- Staff costs +€1,199
up €1,199, from -€978 to €221
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 | €113,556 | €156,896 | +€43,340 | +38.2% |
| Fixed assets | 21/28 | €1,474 | €870 | -€605 | -41.0% |
| Intangible fixed assets | 21 | €37 | - | -€37 | |
| Tangible fixed assets | 22/27 | €701 | €134 | -€568 | -81.0% |
| Plant, machinery and equipment | 23 | €18 | - | -€18 | |
| Furniture and vehicles | 24 | €683 | €134 | -€550 | -80.5% |
| Financial fixed assets | 28 | €736 | €736 | = | 0.0% |
| Current assets | 29/58 | €112,082 | €156,027 | +€43,945 | +39.2% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,750 | €112,474 | +€26,724 | +31.2% |
| Trade receivables | 40 | €52,188 | €54,113 | +€1,924 | +3.7% |
| Other amounts receivable | 41 | €33,561 | €58,361 | +€24,799 | +73.9% |
| Cash at bank and in hand | 54/58 | €6,545 | €27,042 | +€20,497 | +313% |
| Deferred charges and accrued income | 490/1 | €3,787 | €511 | -€3,276 | -86.5% |
| Total equity and liabilities | 10/49 | €113,556 | €156,896 | +€43,340 | +38.2% |
| Equity | 10/15 | €2,878 | €18,869 | +€15,991 | +556% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €2,778 | €18,769 | +€15,991 | +576% |
| Distributable reserves | 133 | €2,778 | €18,769 | +€15,991 | +576% |
| Amounts payable | 17/49 | €110,678 | €138,027 | +€27,349 | +24.7% |
| Amounts payable after more than one year | 17 | €37,500 | €28,500 | -€9,000 | -24.0% |
| Trade debts | 175 | €37,500 | €28,500 | -€9,000 | -24.0% |
| Amounts payable within one year | 42/48 | €65,767 | €92,178 | +€26,411 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €13,986 | - | -€13,986 | |
| Trade debts | 44 | €46,976 | €83,059 | +€36,083 | +76.8% |
| Suppliers | 440/4 | €46,976 | €83,059 | +€36,083 | +76.8% |
| Taxes, remuneration and social security | 45 | €4,805 | €9,119 | +€4,314 | +89.8% |
| Taxes | 450/3 | €4,169 | €9,119 | +€4,950 | +119% |
| Remuneration and social security | 454/9 | €636 | - | -€636 | |
| Accrued charges and deferred income | 492/3 | €7,411 | €17,349 | +€9,938 | +134% |
| Remuneration, social security and pensions | 62 | -€978 | €221 | +€1,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,828 | €605 | -€1,223 | -66.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,240 | +€2,240 | |
| Other operating charges | 640/8 | €1,468 | €10,111 | +€8,643 | +589% |
| Gross operating margin | 9900 | €39,374 | €34,020 | -€5,354 | -13.6% |
| Operating profit (loss) | 9901 | €37,056 | €20,843 | -€16,213 | -43.8% |
| Financial income | 75/76B | €1,092 | €0 | -€1,092 | -100.0% |
| Recurring financial income | 75 | €1,092 | €0 | -€1,092 | -100.0% |
| Financial charges | 65/66B | €2,242 | €2,991 | +€748 | +33.4% |
| Recurring financial charges | 65 | €2,242 | €2,991 | +€748 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €35,906 | €17,853 | -€18,053 | -50.3% |
| Income taxes | 67/77 | €758 | €1,862 | +€1,104 | +146% |
| Profit (loss) for the period | 9904 | €35,148 | €15,991 | -€19,157 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,148 | €15,991 | -€19,157 | -54.5% |
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 17 October 2026 via checked.be.