CHABAL MANAGEMENT: 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.
CHABAL MANAGEMENT
Largest movements
- Current investments +€38,177
up €38,177 (+46.7%), from €81,731 to €119,908
- Cash -€29,079
down €29,079 (-73.0%), from €39,848 to €10,769
mainly Current investments (-€38,177) and Investment in fixed assets (net) (-€11,572)
- Tangible fixed assets +€10,779
new in 2025: €10,779
- Profit (loss) carried forward +€8,484
up €8,484 (+54.2%), from €15,661 to €24,144
- Debts after one year +€6,429
up €6,429 (+4.8%), from €135,000 to €141,429
- Current portion of long-term debt +€3,343
new in 2025: €3,343
- Financial charges +€5,715
up €5,715 (+134.8%), from €4,241 to €9,955
- Gross operating margin -€4,424
down €4,424 (-17.6%), from €25,164 to €20,740
- Financial income +€2,684
up €2,684 (+391.4%), from €686 to €3,369
- Taxes -€2,012
down €2,012 (-33.8%), from €5,948 to €3,937
- Depreciation +€793
new in 2025: €793
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 | €172,092 | €193,368 | +€21,276 | +12.4% |
| Fixed assets | 21/28 | €50,000 | €60,779 | +€10,779 | +21.6% |
| Tangible fixed assets | 22/27 | - | €10,779 | +€10,779 | |
| Furniture and vehicles | 24 | - | €10,779 | +€10,779 | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €122,092 | €132,589 | +€10,497 | +8.6% |
| Amounts receivable within one year | 40/41 | - | €100 | +€100 | |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Current investments | 50/53 | €81,731 | €119,908 | +€38,177 | +46.7% |
| Cash at bank and in hand | 54/58 | €39,848 | €10,769 | -€29,079 | -73.0% |
| Deferred charges and accrued income | 490/1 | €514 | €1,812 | +€1,298 | +252.8% |
| Total equity and liabilities | 10/49 | €172,092 | €193,368 | +€21,276 | +12.4% |
| Equity | 10/15 | €20,661 | €29,144 | +€8,484 | +41.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,661 | €24,144 | +€8,484 | +54.2% |
| Amounts payable | 17/49 | €151,432 | €164,224 | +€12,792 | +8.4% |
| Amounts payable after more than one year | 17 | €135,000 | €141,429 | +€6,429 | +4.8% |
| Financial debts | 170/4 | €135,000 | €141,429 | +€6,429 | +4.8% |
| Amounts payable within one year | 42/48 | €12,564 | €18,927 | +€6,363 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,343 | +€3,343 | |
| Trade debts | 44 | €466 | €917 | +€451 | +96.8% |
| Suppliers | 440/4 | €466 | €917 | +€451 | +96.8% |
| Taxes, remuneration and social security | 45 | €12,098 | €13,807 | +€1,710 | +14.1% |
| Taxes | 450/3 | €10,382 | €13,807 | +€3,425 | +33.0% |
| Remuneration and social security | 454/9 | €1,715 | €0 | -€1,715 | -100.0% |
| Other amounts payable | 47/48 | - | €859 | +€859 | |
| Accrued charges and deferred income | 492/3 | €3,868 | €3,868 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €793 | +€793 | |
| Other operating charges | 640/8 | - | €82 | +€82 | |
| Gross operating margin | 9900 | €25,164 | €20,740 | -€4,424 | -17.6% |
| Operating profit (loss) | 9901 | €25,164 | €19,865 | -€5,299 | -21.1% |
| Financial income | 75/76B | €686 | €3,369 | +€2,684 | +391.4% |
| Recurring financial income | 75 | €686 | €3,369 | +€2,684 | +391.4% |
| Financial charges | 65/66B | €4,241 | €9,955 | +€5,715 | +134.8% |
| Recurring financial charges | 65 | €4,241 | €9,955 | +€5,715 | +134.8% |
| Profit (loss) for the period before taxes | 9903 | €21,609 | €13,279 | -€8,330 | -38.5% |
| Income taxes | 67/77 | €5,948 | €3,937 | -€2,012 | -33.8% |
| Profit (loss) for the period | 9904 | €15,661 | €9,343 | -€6,318 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,661 | €9,343 | -€6,318 | -40.3% |
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 1 October 2026 via checked.be.