CHADESS: 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.
CHADESS
Largest movements
- Intangible fixed assets -€56,073
down €56,073 (-14.3%), from €392,510 to €336,437
- Tangible fixed assets -€16,667
down €16,667 (-7.4%), from €225,980 to €209,313
of which Plant, machinery and equipment: -€9,366
- Cash +€11,370
up €11,370 (+143.7%), from €7,914 to €19,284
mainly Depreciation (+€73,235) and Trade debts (+€6,908)
- Profit (loss) carried forward -€30,259
down €30,259 (-33.9%), from -€89,321 to -€119,580
- Debts after one year -€18,414
down €18,414 (-4.8%), from €382,848 to €364,434
- Trade debts +€6,908
up €6,908 (+262.7%), from €2,630 to €9,538
- Turnover -€13,707
down €13,707 (-11.5%), from €119,454 to €105,747
- Gross operating margin -€12,262
down €12,262 (-18.9%), from €64,979 to €52,717
- Write-downs -€6,000
new in 2025: -€6,000
- Taxes -€2,110
down €2,110 (-25.3%), from €8,354 to €6,244
- Depreciation -€2,094
down €2,094 (-2.8%), from €75,329 to €73,235
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 | €632,116 | €571,372 | -€60,744 | -9.6% |
| Fixed assets | 21/28 | €618,490 | €545,750 | -€72,740 | -11.8% |
| Intangible fixed assets | 21 | €392,510 | €336,437 | -€56,073 | -14.3% |
| Tangible fixed assets | 22/27 | €225,980 | €209,313 | -€16,667 | -7.4% |
| Land and buildings | 22 | €197,828 | €190,576 | -€7,252 | -3.7% |
| Plant, machinery and equipment | 23 | €28,103 | €18,737 | -€9,366 | -33.3% |
| Furniture and vehicles | 24 | €49 | - | -€49 | |
| Current assets | 29/58 | €13,626 | €25,622 | +€11,996 | +88.0% |
| Amounts receivable within one year | 40/41 | €4,898 | €6,338 | +€1,440 | +29.4% |
| Trade receivables | 40 | €3,399 | €2,992 | -€407 | -12.0% |
| Other amounts receivable | 41 | €1,499 | €3,346 | +€1,847 | +123.2% |
| Cash at bank and in hand | 54/58 | €7,914 | €19,284 | +€11,370 | +143.7% |
| Deferred charges and accrued income | 490/1 | €814 | - | -€814 | |
| Total equity and liabilities | 10/49 | €632,116 | €571,372 | -€60,744 | -9.6% |
| Equity | 10/15 | €76,340 | €46,081 | -€30,259 | -39.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,661 | €145,661 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,211 | €24,211 | = | 0.0% |
| Distributable reserves | 133 | €121,450 | €121,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,321 | -€119,580 | -€30,259 | -33.9% |
| Amounts payable | 17/49 | €555,776 | €525,291 | -€30,485 | -5.5% |
| Amounts payable after more than one year | 17 | €382,848 | €364,434 | -€18,414 | -4.8% |
| Financial debts | 170/4 | €382,848 | €364,434 | -€18,414 | -4.8% |
| Amounts payable within one year | 42/48 | €172,928 | €160,857 | -€12,071 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €25,151 | €19,396 | -€5,755 | -22.9% |
| Financial debts | 43 | €5,000 | - | -€5,000 | |
| Credit institutions | 430/8 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €2,630 | €9,538 | +€6,908 | +262.7% |
| Suppliers | 440/4 | €2,630 | €9,538 | +€6,908 | +262.7% |
| Taxes, remuneration and social security | 45 | €8,354 | €2,245 | -€6,109 | -73.1% |
| Taxes | 450/3 | €8,354 | €2,245 | -€6,109 | -73.1% |
| Other amounts payable | 47/48 | €131,793 | €129,678 | -€2,115 | -1.6% |
| Turnover | 70 | €119,454 | €105,747 | -€13,707 | -11.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,314 | €100,250 | -€64 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,329 | €73,235 | -€2,094 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,000 | -€6,000 | |
| Other operating charges | 640/8 | €3,130 | €4,250 | +€1,120 | +35.8% |
| Gross operating margin | 9900 | €64,979 | €52,717 | -€12,262 | -18.9% |
| Operating profit (loss) | 9901 | -€13,480 | -€18,768 | -€5,288 | -39.2% |
| Financial charges | 65/66B | €4,896 | €5,247 | +€351 | +7.2% |
| Recurring financial charges | 65 | €4,896 | €5,247 | +€351 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,376 | -€24,015 | -€5,639 | -30.7% |
| Income taxes | 67/77 | €8,354 | €6,244 | -€2,110 | -25.3% |
| Profit (loss) for the period | 9904 | -€26,730 | -€30,259 | -€3,529 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,730 | -€30,259 | -€3,529 | -13.2% |
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 6 October 2026 via checked.be.