CHACON: 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.
What changed
CHACON
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1.4m
2023 · -€1.3m-€126,466
Equity
€1.2m
2023 · €2.7m-€1.4m
Cash
€378,124
2023 · €704,217-€326,092
Balance sheet total
€7.7m
2023 · €9.5m-€1.8m
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-25.1%), from €4.7m to €3.5m
- Cash -€326,092
down €326,092 (-46.3%), from €704,217 to €378,124
mainly Net result for the year (-€1.4m) and Investment in fixed assets (net) (-€541,870)
- Receivables within one year -€288,040
down €288,040 (-16.1%), from €1.8m to €1.5m
of which Other amounts receivable: -€189,916
- Tangible fixed assets -€233,896
down €233,896 (-67.5%), from €346,534 to €112,638
of which Assets under construction and advance payments: -€198,173
- Intangible fixed assets +€184,756
up €184,756 (+11.5%), from €1.6m to €1.8m
Equity and liabilities
- Reserves -€1.4m
down €1.4m (-63.0%), from €2.3m to €842,413
of which Distributable reserves: -€1.4m
- Current portion of long-term debt -€371,167
down €371,167 (-98.9%), from €375,179 to €4,012
- Trade debts -€328,165
down €328,165 (-10.3%), from €3.2m to €2.9m
- Short-term financial debts +€200,561
up €200,561 (+7.3%), from €2.8m to €3.0m
- Tax, wage and social debts +€144,063
up €144,063 (+47.5%), from €303,288 to €447,351
of which Taxes: +€128,932
Income statement
- Turnover -€2.1m
down €2.1m (-13.8%), from €15.5m to €13.4m
- Goods and materials -€1.7m
down €1.7m (-18.3%), from €9.5m to €7.8m
of which Purchases: -€2.3m
- Financial income -€205,245
down €205,245 (-57.3%), from €358,337 to €153,092
- Financial charges -€156,213
down €156,213 (-23.6%), from €660,821 to €504,609
From the 2023 result to the 2024 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 2023
-€1.3m
Turnover
-€2.1m
Other operating income
+€12,946
Goods and materials
+€1.7m
Services and other goods
+€117,423
Staff costs
+€85,731
Depreciation
-€26,393
Write-downs
+€76,405
Provisions
+€13,146
Other operating charges
+€13,186
Other operating items
+€42,060
Financial income
-€205,245
Financial charges
+€156,213
Taxes
+€608
Result 2024
-€1.4m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€412,264
Investment
-€541,870
Financing
-€196,487
Cash 2023
€704,217
From operations (derived)
+€412,264
Net result for the year
-€1.4m
Depreciation
+€591,009
Stocks and contracts
+€1.2m
Receivables within one year
+€288,040
Deferred charges and accrued income
-€9,044
Smaller working-capital items
-€1,755
Trade debts
-€328,165
Tax, wage and social debts
+€144,063
Accrued charges and deferred income
-€20,134
Investment (derived)
-€541,870
Investment in fixed assets (net)
-€541,870
Financing
-€196,487
Debts after one year
-€25,881
Current portion of long-term debt
-€371,167
Short-term financial debts
+€200,561
Cash 2024
€378,124
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,523,940 | €7,689,570 | -€1.8m | -19.3% |
| Fixed assets | 21/28 | €1,954,163 | €1,905,024 | -€49,140 | -2.5% |
| Intangible fixed assets | 21 | €1,607,630 | €1,792,386 | +€184,756 | +11.5% |
| Tangible fixed assets | 22/27 | €346,534 | €112,638 | -€233,896 | -67.5% |
| Land and buildings | 22 | €32,604 | €28,731 | -€3,873 | -11.9% |
| Plant, machinery and equipment | 23 | €19,454 | €8,586 | -€10,868 | -55.9% |
| Furniture and vehicles | 24 | €39,834 | €18,852 | -€20,982 | -52.7% |
| Assets under construction and advance payments | 27 | €254,642 | €56,469 | -€198,173 | -77.8% |
| Current assets | 29/58 | €7,569,777 | €5,784,547 | -€1.8m | -23.6% |
| Stocks and contracts in progress | 3 | €4,710,835 | €3,530,694 | -€1.2m | -25.1% |
| Stocks | 30/36 | €4,710,835 | €3,530,694 | -€1.2m | -25.1% |
| Goods purchased for resale | 34 | €4,710,835 | €3,530,694 | -€1.2m | -25.1% |
| Amounts receivable within one year | 40/41 | €1,785,872 | €1,497,832 | -€288,040 | -16.1% |
| Trade receivables | 40 | €959,909 | €861,785 | -€98,125 | -10.2% |
| Other amounts receivable | 41 | €825,963 | €636,047 | -€189,916 | -23.0% |
| Cash at bank and in hand | 54/58 | €704,217 | €378,124 | -€326,092 | -46.3% |
| Deferred charges and accrued income | 490/1 | €368,853 | €377,897 | +€9,044 | +2.5% |
| Total equity and liabilities | 10/49 | €9,523,940 | €7,689,570 | -€1.8m | -19.3% |
| Equity | 10/15 | €2,670,934 | €1,239,042 | -€1.4m | -53.6% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Capital | 10 | €396,630 | €396,630 | = | 0.0% |
| Issued capital | 100 | €396,630 | €396,630 | = | 0.0% |
| Reserves | 13 | €2,274,304 | €842,413 | -€1.4m | -63.0% |
| Non-distributable reserves | 130/1 | €39,663 | €39,663 | = | 0.0% |
| Legal reserve | 130 | €39,663 | €39,663 | = | 0.0% |
| Distributable reserves | 133 | €2,234,642 | €802,750 | -€1.4m | -64.1% |
| Provisions and deferred taxes | 16 | €77,869 | €74,719 | -€3,150 | -4.0% |
| Provisions for liabilities and charges | 160/5 | €77,869 | €74,719 | -€3,150 | -4.0% |
| Other liabilities and charges | 164/5 | €77,869 | €74,719 | -€3,150 | -4.0% |
| Amounts payable | 17/49 | €6,775,138 | €6,375,809 | -€399,329 | -5.9% |
| Amounts payable after more than one year | 17 | €26,419 | €538 | -€25,881 | -98.0% |
| Financial debts | 170/4 | €26,419 | €538 | -€25,881 | -98.0% |
| Credit institutions | 173 | €4,550 | €538 | -€4,012 | -88.2% |
| Other loans | 174 | €21,869 | - | -€21,869 | |
| Amounts payable within one year | 42/48 | €6,659,525 | €6,306,212 | -€353,313 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €375,179 | €4,012 | -€371,167 | -98.9% |
| Financial debts | 43 | €2,758,092 | €2,958,653 | +€200,561 | +7.3% |
| Credit institutions | 430/8 | €2,758,092 | €2,958,653 | +€200,561 | +7.3% |
| Trade debts | 44 | €3,191,587 | €2,863,422 | -€328,165 | -10.3% |
| Suppliers | 440/4 | €3,191,587 | €2,863,422 | -€328,165 | -10.3% |
| Taxes, remuneration and social security | 45 | €303,288 | €447,351 | +€144,063 | +47.5% |
| Taxes | 450/3 | €122,542 | €251,474 | +€128,932 | +105.2% |
| Remuneration and social security | 454/9 | €180,745 | €195,877 | +€15,132 | +8.4% |
| Other amounts payable | 47/48 | €31,379 | €32,774 | +€1,395 | +4.4% |
| Accrued charges and deferred income | 492/3 | €89,193 | €69,059 | -€20,134 | -22.6% |
| Operating income | 70/76A | €15,686,863 | €13,555,722 | -€2.1m | -13.6% |
| Turnover | 70 | €15,515,942 | €13,367,614 | -€2.1m | -13.8% |
| Own construction capitalised | 72 | €84,155 | €88,396 | +€4,241 | +5.0% |
| Other operating income | 74 | €86,766 | €99,712 | +€12,946 | +14.9% |
| Operating charges | 60/66A | €16,686,233 | €14,633,134 | -€2.1m | -12.3% |
| Goods for resale, raw materials and consumables | 60 | €9,504,310 | €7,768,528 | -€1.7m | -18.3% |
| Purchases | 600/8 | €8,870,641 | €6,522,837 | -€2.3m | -26.5% |
| Change in stocks: decrease (increase) | 609 | €633,669 | €1,245,691 | +€612,022 | +96.6% |
| Services and other goods | 61 | €4,527,368 | €4,409,946 | -€117,423 | -2.6% |
| Remuneration, social security and pensions | 62 | €1,679,455 | €1,593,724 | -€85,731 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564,616 | €591,009 | +€26,393 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,315 | -€61,090 | -€76,405 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,997 | -€3,150 | -€13,146 | |
| Other operating charges | 640/8 | €110,052 | €96,866 | -€13,186 | -12.0% |
| Non-recurring operating charges | 66A | €275,120 | €237,301 | -€37,819 | -13.7% |
| Operating profit (loss) | 9901 | -€999,370 | -€1,077,412 | -€78,042 | -7.8% |
| Financial income | 75/76B | €358,337 | €153,092 | -€205,245 | -57.3% |
| Recurring financial income | 75 | €358,337 | €153,092 | -€205,245 | -57.3% |
| Income from current assets | 751 | €28,791 | €44,965 | +€16,174 | +56.2% |
| Other financial income | 752/9 | €329,546 | €108,127 | -€221,419 | -67.2% |
| Financial charges | 65/66B | €660,821 | €504,609 | -€156,213 | -23.6% |
| Recurring financial charges | 65 | €660,821 | €504,609 | -€156,213 | -23.6% |
| Debt charges | 650 | €348,542 | €326,348 | -€22,194 | -6.4% |
| Other financial charges | 652/9 | €312,280 | €178,260 | -€134,019 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,301,854 | -€1,428,928 | -€127,074 | -9.8% |
| Income taxes | 67/77 | €3,572 | €2,964 | -€608 | -17.0% |
| Taxes | 670/3 | €3,572 | €2,964 | -€608 | -17.0% |
| Profit (loss) for the period | 9904 | -€1,305,426 | -€1,431,892 | -€126,466 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,305,426 | -€1,431,892 | -€126,466 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.