CHA - VER: what changed
Two fiscal 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.
CHA - VER
Largest movements
- Receivables within one year +€509,227
up €509,227 (+165.8%), from €307,058 to €816,285
of which Trade receivables: +€317,510
- Stocks and contracts +€238,814
up €238,814 (+107.4%), from €222,433 to €461,247
- Cash +€187,971
up €187,971 (+16.0%), from €1.2m to €1.4m
mainly Net result for the year (+€809,770) and Advances received (+€446,828)
- Tangible fixed assets -€47,814
down €47,814 (-16.3%), from €293,271 to €245,457
of which Other tangible fixed assets: -€31,902
- Advances received +€446,828
up €446,828 (+80.3%), from €556,163 to €1.0m
- Reserves +€252,600
up €252,600 (+147.3%), from €171,499 to €424,099
of which Tax-exempt reserves: +€252,600
- Other debts +€125,467
up €125,467 (+37.5%), from €334,533 to €460,000
- Trade debts +€116,042
up €116,042 (+119.8%), from €96,878 to €212,919
- Gross operating margin +€105,220
up €105,220 (+5.8%), from €1.8m to €1.9m
- Staff costs +€73,509
up €73,509 (+8.5%), from €869,020 to €942,529
- Taxes -€66,945
down €66,945 (-32.0%), from €209,459 to €142,514
- Depreciation +€26,204
up €26,204 (+94.2%), from €27,824 to €54,027
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.
Cash bridge derived
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 | €2,200,423 | €3,116,851 | +€916,429 | +41.6% |
| Fixed assets | 21/28 | €468,271 | €420,457 | -€47,814 | -10.2% |
| Tangible fixed assets | 22/27 | €293,271 | €245,457 | -€47,814 | -16.3% |
| Plant, machinery and equipment | 23 | €40,863 | €33,394 | -€7,469 | -18.3% |
| Furniture and vehicles | 24 | €30,756 | €22,313 | -€8,443 | -27.5% |
| Other tangible fixed assets | 26 | €221,652 | €189,750 | -€31,902 | -14.4% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €1,732,152 | €2,696,394 | +€964,243 | +55.7% |
| Stocks and contracts in progress | 3 | €222,433 | €461,247 | +€238,814 | +107.4% |
| Stocks | 30/36 | €222,433 | €461,247 | +€238,814 | +107.4% |
| Amounts receivable within one year | 40/41 | €307,058 | €816,285 | +€509,227 | +165.8% |
| Trade receivables | 40 | €267,760 | €585,270 | +€317,510 | +118.6% |
| Other amounts receivable | 41 | €39,298 | €231,015 | +€191,717 | +487.9% |
| Cash at bank and in hand | 54/58 | €1,173,720 | €1,361,691 | +€187,971 | +16.0% |
| Deferred charges and accrued income | 490/1 | €28,942 | €57,172 | +€28,230 | +97.5% |
| Total equity and liabilities | 10/49 | €2,200,423 | €3,116,851 | +€916,429 | +41.6% |
| Equity | 10/15 | €1,062,914 | €1,332,684 | +€269,770 | +25.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €171,499 | €424,099 | +€252,600 | +147.3% |
| Tax-exempt reserves | 132 | €168,400 | €421,000 | +€252,600 | +150.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €860,428 | €877,599 | +€17,170 | +2.0% |
| Amounts payable | 17/49 | €1,137,509 | €1,784,168 | +€646,658 | +56.8% |
| Amounts payable within one year | 42/48 | €1,137,509 | €1,784,168 | +€646,658 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €13,668 | €1,667 | -€12,001 | -87.8% |
| Trade debts | 44 | €96,878 | €212,919 | +€116,042 | +119.8% |
| Suppliers | 440/4 | €96,878 | €212,919 | +€116,042 | +119.8% |
| Advances received on contracts in progress | 46 | €556,163 | €1,002,992 | +€446,828 | +80.3% |
| Taxes, remuneration and social security | 45 | €136,267 | €106,590 | -€29,677 | -21.8% |
| Taxes | 450/3 | €107,605 | €78,452 | -€29,153 | -27.1% |
| Remuneration and social security | 454/9 | €28,662 | €28,138 | -€524 | -1.8% |
| Other amounts payable | 47/48 | €334,533 | €460,000 | +€125,467 | +37.5% |
| Remuneration, social security and pensions | 62 | €869,020 | €942,529 | +€73,509 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,824 | €54,027 | +€26,204 | +94.2% |
| Other operating charges | 640/8 | €7,165 | €10,056 | +€2,891 | +40.4% |
| Non-recurring operating charges | 66A | €6,116 | - | -€6,116 | |
| Gross operating margin | 9900 | €1,816,431 | €1,921,651 | +€105,220 | +5.8% |
| Operating profit (loss) | 9901 | €906,306 | €915,038 | +€8,732 | +1.0% |
| Financial income | 75/76B | €33,029 | €40,715 | +€7,686 | +23.3% |
| Recurring financial income | 75 | €33,029 | €40,715 | +€7,686 | +23.3% |
| Financial charges | 65/66B | €2,561 | €3,469 | +€909 | +35.5% |
| Recurring financial charges | 65 | €2,561 | €3,469 | +€909 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €936,775 | €952,284 | +€15,509 | +1.7% |
| Income taxes | 67/77 | €209,459 | €142,514 | -€66,945 | -32.0% |
| Profit (loss) for the period | 9904 | €727,317 | €809,770 | +€82,454 | +11.3% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €252,600 | +€84,200 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €558,917 | €557,170 | -€1,746 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.