CHADIMAD: 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.
CHADIMAD
Largest movements
- Cash +€17,117
up €17,117 (+29.8%), from €57,502 to €74,618
mainly Other debts (+€55,227) and Depreciation (+€6,959)
- Tangible fixed assets -€6,959
down €6,959 (-28.9%), from €24,058 to €17,098
- Receivables within one year -€5,238
down €5,238 (-73.7%), from €7,106 to €1,868
- Other debts +€55,227
new in 2025: €55,227
- Reserves -€20,000
down €20,000 (-42.2%), from €47,425 to €27,425
of which Distributable reserves: -€20,000
- Profit (loss) carried forward -€16,020
down €16,020, from €10,870 to -€5,149
- Trade debts -€12,546
down €12,546 (-95.6%), from €13,123 to €578
- Tax, wage and social debts -€1,505
down €1,505 (-30.8%), from €4,889 to €3,384
- Financial charges +€55,336
up €55,336 (+25883.3%), from €214 to €55,550
- Gross operating margin +€21,722
up €21,722 (+86.4%), from €25,131 to €46,854
- Taxes -€5,252
down €5,252 (-97.5%), from €5,384 to €132
- Other operating charges -€832
down €832 (-78.2%), from €1,064 to €232
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 | €88,808 | €93,964 | +€5,156 | +5.8% |
| Fixed assets | 21/28 | €24,058 | €17,098 | -€6,959 | -28.9% |
| Tangible fixed assets | 22/27 | €24,058 | €17,098 | -€6,959 | -28.9% |
| Furniture and vehicles | 24 | €24,058 | €17,098 | -€6,959 | -28.9% |
| Current assets | 29/58 | €64,750 | €76,866 | +€12,116 | +18.7% |
| Amounts receivable within one year | 40/41 | €7,106 | €1,868 | -€5,238 | -73.7% |
| Other amounts receivable | 41 | €7,106 | €1,868 | -€5,238 | -73.7% |
| Cash at bank and in hand | 54/58 | €57,502 | €74,618 | +€17,117 | +29.8% |
| Deferred charges and accrued income | 490/1 | €143 | €379 | +€237 | +166.1% |
| Total equity and liabilities | 10/49 | €88,808 | €93,964 | +€5,156 | +5.8% |
| Equity | 10/15 | €70,795 | €34,776 | -€36,020 | -50.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €47,425 | €27,425 | -€20,000 | -42.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,565 | €25,565 | -€20,000 | -43.9% |
| Profit (loss) carried forward | 14 | €10,870 | -€5,149 | -€16,020 | |
| Amounts payable | 17/49 | €18,012 | €59,188 | +€41,176 | +228.6% |
| Amounts payable within one year | 42/48 | €18,012 | €59,188 | +€41,176 | +228.6% |
| Trade debts | 44 | €13,123 | €578 | -€12,546 | -95.6% |
| Suppliers | 440/4 | €13,123 | €578 | -€12,546 | -95.6% |
| Taxes, remuneration and social security | 45 | €4,889 | €3,384 | -€1,505 | -30.8% |
| Taxes | 450/3 | €4,889 | €3,384 | -€1,505 | -30.8% |
| Other amounts payable | 47/48 | - | €55,227 | +€55,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,416 | €6,959 | -€457 | -6.2% |
| Other operating charges | 640/8 | €1,064 | €232 | -€832 | -78.2% |
| Gross operating margin | 9900 | €25,131 | €46,854 | +€21,722 | +86.4% |
| Operating profit (loss) | 9901 | €16,651 | €39,662 | +€23,011 | +138.2% |
| Financial charges | 65/66B | €214 | €55,550 | +€55,336 | +25883.3% |
| Recurring financial charges | 65 | €214 | €55,550 | +€55,336 | +25883.3% |
| Profit (loss) for the period before taxes | 9903 | €16,437 | -€15,888 | -€32,325 | |
| Income taxes | 67/77 | €5,384 | €132 | -€5,252 | -97.5% |
| Profit (loss) for the period | 9904 | €11,054 | -€16,020 | -€27,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,054 | -€16,020 | -€27,073 |
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 1 October 2026 via checked.be.