CHADEL: 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.
CHADEL
Largest movements
- Tangible fixed assets -€24,383
down €24,383 (-9.4%), from €259,643 to €235,261
of which Other tangible fixed assets: -€24,383
- Debts after one year -€16,669
down €16,669 (-1.7%), from €977,982 to €961,313
- Profit (loss) carried forward -€12,944
down €12,944 (-1.6%), from -€809,922 to -€822,865
- Depreciation -€27,941
down €27,941 (-53.4%), from €52,324 to €24,383
- Gross operating margin -€8,564
down €8,564 (-28.9%), from €29,622 to €21,058
- Other operating charges +€1,103
up €1,103 (+13.2%), from €8,366 to €9,469
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 | €294,140 | €264,684 | -€29,455 | -10.0% |
| Fixed assets | 21/28 | €259,643 | €235,261 | -€24,383 | -9.4% |
| Tangible fixed assets | 22/27 | €259,643 | €235,261 | -€24,383 | -9.4% |
| Land and buildings | 22 | €98,776 | €98,776 | = | 0.0% |
| Other tangible fixed assets | 26 | €160,868 | €136,485 | -€24,383 | -15.2% |
| Current assets | 29/58 | €34,496 | €29,423 | -€5,073 | -14.7% |
| Amounts receivable within one year | 40/41 | €68 | - | -€68 | |
| Trade receivables | 40 | €68 | - | -€68 | |
| Cash at bank and in hand | 54/58 | €28,584 | €25,907 | -€2,677 | -9.4% |
| Deferred charges and accrued income | 490/1 | €5,844 | €3,516 | -€2,327 | -39.8% |
| Total equity and liabilities | 10/49 | €294,140 | €264,684 | -€29,455 | -10.0% |
| Equity | 10/15 | -€747,922 | -€760,865 | -€12,944 | -1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€809,922 | -€822,865 | -€12,944 | -1.6% |
| Amounts payable | 17/49 | €1,042,061 | €1,025,549 | -€16,512 | -1.6% |
| Amounts payable after more than one year | 17 | €977,982 | €961,313 | -€16,669 | -1.7% |
| Other amounts payable | 178/9 | €977,982 | €961,313 | -€16,669 | -1.7% |
| Amounts payable within one year | 42/48 | €61,624 | €64,236 | +€2,613 | +4.2% |
| Trade debts | 44 | €612 | €678 | +€66 | +10.8% |
| Suppliers | 440/4 | €612 | €678 | +€66 | +10.8% |
| Other amounts payable | 47/48 | €61,012 | €63,559 | +€2,547 | +4.2% |
| Accrued charges and deferred income | 492/3 | €2,456 | - | -€2,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,324 | €24,383 | -€27,941 | -53.4% |
| Other operating charges | 640/8 | €8,366 | €9,469 | +€1,103 | +13.2% |
| Gross operating margin | 9900 | €29,622 | €21,058 | -€8,564 | -28.9% |
| Operating profit (loss) | 9901 | -€31,068 | -€12,794 | +€18,274 | +58.8% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,203 | -€12,944 | +€18,259 | +58.5% |
| Income taxes | 67/77 | -€4 | - | +€4 | |
| Profit (loss) for the period | 9904 | -€31,198 | -€12,944 | +€18,255 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,198 | -€12,944 | +€18,255 | +58.5% |
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 15 October 2026 via checked.be.