CHADIRAX: 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.
CHADIRAX
Largest movements
- Receivables after one year -€87,266
down €87,266 (-24.4%), from €358,083 to €270,817
- Cash -€59,054
down €59,054 (-67.9%), from €87,034 to €27,980
mainly Debts after one year (-€53,054) and Trade debts (-€45,620)
- Receivables within one year -€26,479
down €26,479 (-67.5%), from €39,248 to €12,768
of which Other amounts receivable: -€35,876
- Tangible fixed assets -€13,220
down €13,220 (-2.3%), from €569,376 to €556,156
of which Land and buildings: -€12,679
- Debts after one year -€53,054
down €53,054 (-16.6%), from €320,348 to €267,294
- Trade debts -€45,620
down €45,620 (-70.5%), from €64,692 to €19,072
- Other debts -€36,719
down €36,719 (-91.8%), from €40,000 to €3,281
- Reserves -€36,315
down €36,315 (-8.5%), from €425,626 to €389,311
of which Distributable reserves: -€36,315
- Tax, wage and social debts -€13,767
down €13,767 (-15.9%), from €86,578 to €72,811
of which Taxes: -€13,767
- Gross operating margin -€418,069
down €418,069 (-97.1%), from €430,774 to €12,705
- Staff costs -€155,537
down €155,537 (-96.4%), from €161,419 to €5,882
- Taxes -€72,424
down €72,424 (-99.4%), from €72,881 to €457
- Depreciation -€5,405
down €5,405 (-29.0%), from €18,625 to €13,220
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 | €1,056,131 | €871,479 | -€184,652 | -17.5% |
| Fixed assets | 21/28 | €569,674 | €556,453 | -€13,220 | -2.3% |
| Tangible fixed assets | 22/27 | €569,376 | €556,156 | -€13,220 | -2.3% |
| Land and buildings | 22 | €568,599 | €555,920 | -€12,679 | -2.2% |
| Furniture and vehicles | 24 | €777 | €236 | -€541 | -69.6% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €486,458 | €315,026 | -€171,432 | -35.2% |
| Amounts receivable after more than one year | 29 | €358,083 | €270,817 | -€87,266 | -24.4% |
| Other amounts receivable | 291 | €358,083 | €270,817 | -€87,266 | -24.4% |
| Amounts receivable within one year | 40/41 | €39,248 | €12,768 | -€26,479 | -67.5% |
| Trade receivables | 40 | €3,371 | €12,768 | +€9,397 | +279% |
| Other amounts receivable | 41 | €35,876 | €0 | -€35,876 | -100% |
| Cash at bank and in hand | 54/58 | €87,034 | €27,980 | -€59,054 | -67.9% |
| Deferred charges and accrued income | 490/1 | €2,093 | €3,461 | +€1,368 | +65.4% |
| Total equity and liabilities | 10/49 | €1,056,131 | €871,479 | -€184,652 | -17.5% |
| Equity | 10/15 | €491,318 | €455,003 | -€36,315 | -7.4% |
| Contributions | 10/11 | €65,692 | €65,692 | = | 0.0% |
| Reserves | 13 | €425,626 | €389,311 | -€36,315 | -8.5% |
| Non-distributable reserves | 130/1 | €17,581 | €17,581 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,581 | €17,581 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,420 | €55,420 | = | 0.0% |
| Distributable reserves | 133 | €352,625 | €316,310 | -€36,315 | -10.3% |
| Amounts payable | 17/49 | €564,813 | €416,477 | -€148,337 | -26.3% |
| Amounts payable after more than one year | 17 | €320,348 | €267,294 | -€53,054 | -16.6% |
| Financial debts | 170/4 | €320,348 | €267,294 | -€53,054 | -16.6% |
| Amounts payable within one year | 42/48 | €244,466 | €149,183 | -€95,283 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €52,551 | €53,998 | +€1,447 | +2.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €64,692 | €19,072 | -€45,620 | -70.5% |
| Suppliers | 440/4 | €64,692 | €19,072 | -€45,620 | -70.5% |
| Advances received on contracts in progress | 46 | €644 | €20 | -€624 | -96.9% |
| Taxes, remuneration and social security | 45 | €86,578 | €72,811 | -€13,767 | -15.9% |
| Taxes | 450/3 | €86,578 | €72,811 | -€13,767 | -15.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,000 | €3,281 | -€36,719 | -91.8% |
| Non-recurring operating income | 76A | €207,112 | €0 | -€207,112 | -100% |
| Remuneration, social security and pensions | 62 | €161,419 | €5,882 | -€155,537 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,625 | €13,220 | -€5,405 | -29.0% |
| Other operating charges | 640/8 | €16,077 | €17,181 | +€1,104 | +6.9% |
| Non-recurring operating charges | 66A | €450 | €0 | -€450 | -100% |
| Gross operating margin | 9900 | €430,774 | €12,705 | -€418,069 | -97.1% |
| Operating profit (loss) | 9901 | €234,203 | -€23,578 | -€257,781 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €11,357 | €12,280 | +€922 | +8.1% |
| Recurring financial charges | 65 | €11,357 | €12,280 | +€922 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €222,845 | -€35,858 | -€258,703 | |
| Income taxes | 67/77 | €72,881 | €457 | -€72,424 | -99.4% |
| Profit (loss) for the period | 9904 | €149,965 | -€36,315 | -€186,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,965 | -€36,315 | -€186,280 |
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.