CHADELSO: 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.
CHADELSO
Largest movements
- Tangible fixed assets +€125,116
up €125,116 (+160.7%), from €77,878 to €202,994
of which Other tangible fixed assets: +€139,523
- Receivables within one year -€29,485
down €29,485 (-58.9%), from €50,080 to €20,595
of which Trade receivables: -€15,985
- Cash +€13,597
up €13,597 (+468.8%), from €2,900 to €16,497
mainly Debts after one year (+€103,994) and Receivables within one year (+€29,485)
- Debts after one year +€103,994
up €103,994 (+19.8%), from €525,886 to €629,881
- Current portion of long-term debt +€15,492
up €15,492 (+125.1%), from €12,386 to €27,878
- Profit (loss) carried forward -€15,480
down €15,480 (-3.3%), from -€468,825 to -€484,305
- Other debts +€14,135
up €14,135 (+59.0%), from €23,975 to €38,110
- Trade debts -€5,328
down €5,328 (-31.8%), from €16,740 to €11,413
- Gross operating margin -€12,116
down €12,116 (-37.2%), from €32,544 to €20,428
- Depreciation +€9,306
up €9,306 (+53.3%), from €17,454 to €26,760
- Taxes -€3,582
down €3,582 (-78.2%), from €4,580 to €997
- Financial charges +€2,509
up €2,509 (+85.2%), from €2,944 to €5,453
- Financial income -€1,925
down €1,925 (-100.0%), from €1,925 to €0
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 | €133,615 | €241,182 | +€107,567 | +80.5% |
| Fixed assets | 21/28 | €77,878 | €202,994 | +€125,116 | +160.7% |
| Tangible fixed assets | 22/27 | €77,878 | €202,994 | +€125,116 | +160.7% |
| Furniture and vehicles | 24 | €66,461 | €52,054 | -€14,407 | -21.7% |
| Other tangible fixed assets | 26 | €11,417 | €150,940 | +€139,523 | +1222.1% |
| Current assets | 29/58 | €55,738 | €38,188 | -€17,549 | -31.5% |
| Amounts receivable within one year | 40/41 | €50,080 | €20,595 | -€29,485 | -58.9% |
| Trade receivables | 40 | €31,580 | €15,595 | -€15,985 | -50.6% |
| Other amounts receivable | 41 | €18,500 | €5,000 | -€13,500 | -73.0% |
| Cash at bank and in hand | 54/58 | €2,900 | €16,497 | +€13,597 | +468.8% |
| Deferred charges and accrued income | 490/1 | €2,757 | €1,096 | -€1,661 | -60.2% |
| Total equity and liabilities | 10/49 | €133,615 | €241,182 | +€107,567 | +80.5% |
| Equity | 10/15 | -€456,380 | -€471,860 | -€15,480 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45 | €45 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45 | €45 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45 | €45 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€468,825 | -€484,305 | -€15,480 | -3.3% |
| Amounts payable | 17/49 | €589,995 | €713,042 | +€123,047 | +20.9% |
| Amounts payable after more than one year | 17 | €525,886 | €629,881 | +€103,994 | +19.8% |
| Financial debts | 170/4 | €525,886 | €629,881 | +€103,994 | +19.8% |
| Amounts payable within one year | 42/48 | €63,721 | €82,761 | +€19,040 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €12,386 | €27,878 | +€15,492 | +125.1% |
| Trade debts | 44 | €16,740 | €11,413 | -€5,328 | -31.8% |
| Suppliers | 440/4 | €16,740 | €11,413 | -€5,328 | -31.8% |
| Taxes, remuneration and social security | 45 | €10,620 | €5,361 | -€5,260 | -49.5% |
| Taxes | 450/3 | €10,620 | €5,361 | -€5,260 | -49.5% |
| Other amounts payable | 47/48 | €23,975 | €38,110 | +€14,135 | +59.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,454 | €26,760 | +€9,306 | +53.3% |
| Other operating charges | 640/8 | €2,598 | €2,698 | +€100 | +3.9% |
| Gross operating margin | 9900 | €32,544 | €20,428 | -€12,116 | -37.2% |
| Operating profit (loss) | 9901 | €12,492 | -€9,029 | -€21,522 | |
| Financial income | 75/76B | €1,925 | €0 | -€1,925 | -100.0% |
| Recurring financial income | 75 | €1,925 | €0 | -€1,925 | -100.0% |
| Financial charges | 65/66B | €2,944 | €5,453 | +€2,509 | +85.2% |
| Recurring financial charges | 65 | €2,944 | €5,453 | +€2,509 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €11,473 | -€14,483 | -€25,956 | |
| Income taxes | 67/77 | €4,580 | €997 | -€3,582 | -78.2% |
| Profit (loss) for the period | 9904 | €6,894 | -€15,480 | -€22,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,894 | -€15,480 | -€22,374 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.