CHA D: 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.
What changed
CHA D
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€20,260
2024 · -€765-€19,495
Equity
€743,038
2024 · €763,298-€20,260
Cash
€6,981
2024 · -+€6,981
Balance sheet total
€2.4m
2024 · €2.5m-€131,138
Largest movements
Assets
- Tangible fixed assets -€97,921
down €97,921 (-4.1%), from €2.4m to €2.3m
of which Land and buildings: -€69,040
- Receivables within one year -€39,955
down €39,955 (-70.5%), from €56,707 to €16,752
of which Other amounts receivable: -€41,587
Equity and liabilities
- Debts after one year -€91,175
down €91,175 (-6.0%), from €1.5m to €1.4m
of which Financial debts: -€91,175
- Reserves -€27,000
down €27,000 (-5.2%), from €522,540 to €495,540
of which Tax-exempt reserves: -€27,000
Income statement
- Gross operating margin -€41,598
down €41,598 (-22.7%), from €183,580 to €141,981
- Financial charges -€26,484
down €26,484 (-31.8%), from €83,263 to €56,779
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.
Result 2024
-€765
Gross operating margin
-€41,598
Depreciation
-€361
Other operating charges
-€1,795
Financial income
-€886
Financial charges
+€26,484
Taxes
-€1,338
Result 2025
-€20,260
raises the resultlowers the result
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.
From operations
+€101,569
Investment
-€658
Financing
-€93,930
Cash 2024
€0
From operations (derived)
+€101,569
Net result for the year
-€20,260
Depreciation
+€98,579
Receivables within one year
+€39,955
Deferred charges and accrued income
+€242
Provisions
-€9,000
Trade debts
-€11,847
Tax, wage and social debts
+€2,525
Accrued charges and deferred income
+€1,375
Investment (derived)
-€658
Investment in fixed assets (net)
-€658
Financing
-€93,930
Debts after one year
-€91,175
Current portion of long-term debt
+€735
Short-term financial debts
-€3,490
Cash 2025
€6,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,510,249 | €2,379,112 | -€131,138 | -5.2% |
| Fixed assets | 21/28 | €2,415,433 | €2,317,511 | -€97,921 | -4.1% |
| Tangible fixed assets | 22/27 | €2,415,433 | €2,317,511 | -€97,921 | -4.1% |
| Land and buildings | 22 | €2,196,783 | €2,127,743 | -€69,040 | -3.1% |
| Plant, machinery and equipment | 23 | €218,650 | €189,768 | -€28,882 | -13.2% |
| Current assets | 29/58 | €94,817 | €61,600 | -€33,216 | -35.0% |
| Amounts receivable within one year | 40/41 | €56,707 | €16,752 | -€39,955 | -70.5% |
| Trade receivables | 40 | €4,120 | €5,752 | +€1,632 | +39.6% |
| Other amounts receivable | 41 | €52,587 | €11,000 | -€41,587 | -79.1% |
| Cash at bank and in hand | 54/58 | - | €6,981 | +€6,981 | |
| Deferred charges and accrued income | 490/1 | €38,110 | €37,868 | -€242 | -0.6% |
| Total equity and liabilities | 10/49 | €2,510,249 | €2,379,112 | -€131,138 | -5.2% |
| Equity | 10/15 | €763,298 | €743,038 | -€20,260 | -2.7% |
| Contributions | 10/11 | €87,259 | €87,259 | = | 0.0% |
| Reserves | 13 | €522,540 | €495,540 | -€27,000 | -5.2% |
| Tax-exempt reserves | 132 | €521,862 | €494,862 | -€27,000 | -5.2% |
| Distributable reserves | 133 | €678 | €678 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,499 | €160,240 | +€6,740 | +4.4% |
| Provisions and deferred taxes | 16 | €173,954 | €164,954 | -€9,000 | -5.2% |
| Deferred taxes | 168 | €173,954 | €164,954 | -€9,000 | -5.2% |
| Amounts payable | 17/49 | €1,572,998 | €1,471,120 | -€101,878 | -6.5% |
| Amounts payable after more than one year | 17 | €1,508,623 | €1,417,448 | -€91,175 | -6.0% |
| Financial debts | 170/4 | €1,506,823 | €1,415,648 | -€91,175 | -6.1% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,642 | €40,566 | -€12,077 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €36,107 | €36,842 | +€735 | +2.0% |
| Financial debts | 43 | €3,490 | - | -€3,490 | |
| Credit institutions | 430/8 | €3,490 | - | -€3,490 | |
| Trade debts | 44 | €11,860 | €12 | -€11,847 | -99.9% |
| Suppliers | 440/4 | €11,860 | €12 | -€11,847 | -99.9% |
| Taxes, remuneration and social security | 45 | €1,186 | €3,711 | +€2,525 | +213% |
| Taxes | 450/3 | €1,186 | €3,711 | +€2,525 | +213% |
| Accrued charges and deferred income | 492/3 | €11,732 | €13,106 | +€1,375 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,218 | €98,579 | +€361 | +0.4% |
| Other operating charges | 640/8 | €11,564 | €13,359 | +€1,795 | +15.5% |
| Gross operating margin | 9900 | €183,580 | €141,981 | -€41,598 | -22.7% |
| Operating profit (loss) | 9901 | €73,797 | €30,043 | -€43,754 | -59.3% |
| Financial income | 75/76B | €887 | €1 | -€886 | -99.9% |
| Recurring financial income | 75 | €887 | €1 | -€886 | -99.9% |
| Financial charges | 65/66B | €83,263 | €56,779 | -€26,484 | -31.8% |
| Recurring financial charges | 65 | €83,263 | €56,779 | -€26,484 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,579 | -€26,735 | -€18,157 | -212% |
| Transfer from deferred taxes | 780 | €9,000 | €9,000 | = | 0.0% |
| Income taxes | 67/77 | €1,186 | €2,525 | +€1,338 | +113% |
| Profit (loss) for the period | 9904 | -€765 | -€20,260 | -€19,495 | -2,549% |
| Transfer from tax-exempt reserves | 789 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,235 | €6,740 | -€19,495 | -74.3% |
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 14 October 2026 via checked.be.