CHACOVA: 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.
CHACOVA
Largest movements
- Stocks and contracts +€54,385
up €54,385 (+104%), from €52,188 to €106,573
- Cash -€23,114
down €23,114 (-5.4%), from €430,135 to €407,020
mainly Debts after one year (-€239,083) and Investment in fixed assets (net) (-€236,698)
- Tangible fixed assets +€15,920
up €15,920 (+1.7%), from €949,402 to €965,322
of which Plant, machinery and equipment: +€11,947
- Debts after one year -€239,083
down €239,083 (-40.3%), from €593,527 to €354,444
of which Other amounts payable: -€200,000
- Trade debts +€215,872
up €215,872 (+182%), from €118,779 to €334,651
- Profit (loss) carried forward +€96,984
up €96,984 (+88.6%), from €109,439 to €206,424
- Investment grants -€16,704
down €16,704 (-16.7%), from €100,225 to €83,521
- Gross operating margin +€86,643
up €86,643 (+5.7%), from €1.5m to €1.6m
- Staff costs +€54,791
up €54,791 (+4.7%), from €1.2m to €1.2m
- Depreciation +€21,718
up €21,718 (+11.0%), from €196,977 to €218,695
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 | €1,495,111 | €1,553,197 | +€58,085 | +3.9% |
| Fixed assets | 21/28 | €960,172 | €978,174 | +€18,002 | +1.9% |
| Tangible fixed assets | 22/27 | €949,402 | €965,322 | +€15,920 | +1.7% |
| Plant, machinery and equipment | 23 | €897,542 | €909,489 | +€11,947 | +1.3% |
| Furniture and vehicles | 24 | €51,860 | €55,833 | +€3,973 | +7.7% |
| Financial fixed assets | 28 | €10,770 | €12,852 | +€2,082 | +19.3% |
| Current assets | 29/58 | €534,939 | €575,022 | +€40,083 | +7.5% |
| Stocks and contracts in progress | 3 | €52,188 | €106,573 | +€54,385 | +104% |
| Stocks | 30/36 | €52,188 | €106,573 | +€54,385 | +104% |
| Amounts receivable within one year | 40/41 | €51,609 | €61,429 | +€9,820 | +19.0% |
| Trade receivables | 40 | €26,410 | €43,746 | +€17,337 | +65.6% |
| Other amounts receivable | 41 | €25,200 | €17,683 | -€7,517 | -29.8% |
| Cash at bank and in hand | 54/58 | €430,135 | €407,020 | -€23,114 | -5.4% |
| Deferred charges and accrued income | 490/1 | €1,007 | - | -€1,007 | |
| Total equity and liabilities | 10/49 | €1,495,111 | €1,553,197 | +€58,085 | +3.9% |
| Equity | 10/15 | €436,698 | €516,978 | +€80,280 | +18.4% |
| Contributions | 10/11 | €227,033 | €227,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,439 | €206,424 | +€96,984 | +88.6% |
| Investment grants | 15 | €100,225 | €83,521 | -€16,704 | -16.7% |
| Provisions and deferred taxes | 16 | €33,408 | €27,840 | -€5,568 | -16.7% |
| Deferred taxes | 168 | €33,408 | €27,840 | -€5,568 | -16.7% |
| Amounts payable | 17/49 | €1,025,005 | €1,008,378 | -€16,627 | -1.6% |
| Amounts payable after more than one year | 17 | €593,527 | €354,444 | -€239,083 | -40.3% |
| Financial debts | 170/4 | €393,527 | €354,444 | -€39,083 | -9.9% |
| Other amounts payable | 178/9 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €427,275 | €650,266 | +€222,992 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €177,933 | €177,390 | -€542 | -0.3% |
| Trade debts | 44 | €118,779 | €334,651 | +€215,872 | +182% |
| Suppliers | 440/4 | €118,779 | €334,651 | +€215,872 | +182% |
| Taxes, remuneration and social security | 45 | €130,563 | €137,825 | +€7,262 | +5.6% |
| Taxes | 450/3 | €9,204 | €16,906 | +€7,701 | +83.7% |
| Remuneration and social security | 454/9 | €121,359 | €120,919 | -€439 | -0.4% |
| Other amounts payable | 47/48 | - | €400 | +€400 | |
| Accrued charges and deferred income | 492/3 | €4,203 | €3,667 | -€536 | -12.7% |
| Non-recurring operating income | 76A | - | €21,438 | +€21,438 | |
| Remuneration, social security and pensions | 62 | €1,164,733 | €1,219,525 | +€54,791 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,977 | €218,695 | +€21,718 | +11.0% |
| Other operating charges | 640/8 | €4,967 | €5,275 | +€308 | +6.2% |
| Non-recurring operating charges | 66A | - | €10,791 | +€10,791 | |
| Gross operating margin | 9900 | €1,508,341 | €1,594,984 | +€86,643 | +5.7% |
| Operating profit (loss) | 9901 | €141,663 | €140,698 | -€966 | -0.7% |
| Financial income | 75/76B | €17,154 | €16,713 | -€441 | -2.6% |
| Recurring financial income | 75 | €17,154 | €16,713 | -€441 | -2.6% |
| Financial charges | 65/66B | €32,608 | €38,252 | +€5,644 | +17.3% |
| Recurring financial charges | 65 | €32,608 | €38,252 | +€5,644 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €126,210 | €119,159 | -€7,051 | -5.6% |
| Transfer from deferred taxes | 780 | €5,568 | €5,568 | = | 0.0% |
| Income taxes | 67/77 | €33,009 | €27,742 | -€5,267 | -16.0% |
| Profit (loss) for the period | 9904 | €98,769 | €96,984 | -€1,785 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,769 | €96,984 | -€1,785 | -1.8% |
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 26 October 2026 via checked.be.