CHADIS: 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.
CHADIS
Largest movements
- Tangible fixed assets -€35,196
down €35,196 (-23.9%), from €147,412 to €112,216
of which Furniture and vehicles: -€28,469
- Stocks and contracts -€15,050
down €15,050 (-16.7%), from €89,887 to €74,837
- Receivables within one year +€14,456
up €14,456 (+9.4%), from €153,548 to €168,003
of which Trade receivables: +€20,081
- Debts after one year -€30,472
down €30,472 (-67.4%), from €45,222 to €14,750
- Reserves -€7,701
down €7,701 (-30.1%), from €25,605 to €17,904
of which Distributable reserves: -€7,701
- Depreciation -€17,245
down €17,245 (-32.9%), from €52,441 to €35,196
- Financial charges -€6,333
down €6,333 (-23.1%), from €27,473 to €21,140
- Financial income -€6,111
down €6,111 (-44.8%), from €13,626 to €7,516
- Gross operating margin -€2,031
down €2,031 (-4.2%), from €47,903 to €45,872
- Staff costs +€1,001
up €1,001, from €0 to €1,001
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 | €405,548 | €368,940 | -€36,607 | -9.0% |
| Fixed assets | 21/28 | €151,759 | €116,563 | -€35,196 | -23.2% |
| Tangible fixed assets | 22/27 | €147,412 | €112,216 | -€35,196 | -23.9% |
| Land and buildings | 22 | €44,986 | €43,834 | -€1,152 | -2.6% |
| Plant, machinery and equipment | 23 | €12,753 | €9,192 | -€3,561 | -27.9% |
| Furniture and vehicles | 24 | €85,127 | €56,658 | -€28,469 | -33.4% |
| Other tangible fixed assets | 26 | €4,545 | €2,531 | -€2,014 | -44.3% |
| Financial fixed assets | 28 | €4,348 | €4,348 | = | 0.0% |
| Current assets | 29/58 | €253,788 | €252,377 | -€1,411 | -0.6% |
| Stocks and contracts in progress | 3 | €89,887 | €74,837 | -€15,050 | -16.7% |
| Stocks | 30/36 | €89,887 | €74,837 | -€15,050 | -16.7% |
| Amounts receivable within one year | 40/41 | €153,548 | €168,003 | +€14,456 | +9.4% |
| Trade receivables | 40 | €12,181 | €32,263 | +€20,081 | +165% |
| Other amounts receivable | 41 | €141,366 | €135,741 | -€5,626 | -4.0% |
| Cash at bank and in hand | 54/58 | €173 | €219 | +€46 | +26.6% |
| Deferred charges and accrued income | 490/1 | €10,181 | €9,319 | -€863 | -8.5% |
| Total equity and liabilities | 10/49 | €405,548 | €368,940 | -€36,607 | -9.0% |
| Equity | 10/15 | €90,631 | €80,415 | -€10,216 | -11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €25,605 | €17,904 | -€7,701 | -30.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,704 | €11,704 | = | 0.0% |
| Distributable reserves | 133 | €7,701 | €0 | -€7,701 | -100% |
| Profit (loss) carried forward | 14 | €3,026 | €510 | -€2,515 | -83.1% |
| Amounts payable | 17/49 | €314,917 | €288,526 | -€26,391 | -8.4% |
| Amounts payable after more than one year | 17 | €45,222 | €14,750 | -€30,472 | -67.4% |
| Financial debts | 170/4 | €45,222 | €14,750 | -€30,472 | -67.4% |
| Amounts payable within one year | 42/48 | €269,695 | €273,396 | +€3,701 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €29,494 | €30,472 | +€978 | +3.3% |
| Financial debts | 43 | €175,670 | €175,987 | +€317 | +0.2% |
| Credit institutions | 430/8 | €175,670 | €175,987 | +€317 | +0.2% |
| Trade debts | 44 | €61,837 | €63,275 | +€1,438 | +2.3% |
| Suppliers | 440/4 | €61,837 | €63,275 | +€1,438 | +2.3% |
| Taxes, remuneration and social security | 45 | €2,694 | €3,662 | +€968 | +35.9% |
| Taxes | 450/3 | €2,694 | €3,662 | +€968 | +35.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €380 | +€380 | |
| Remuneration, social security and pensions | 62 | €0 | €1,001 | +€1,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,441 | €35,196 | -€17,245 | -32.9% |
| Other operating charges | 640/8 | €5,562 | €5,737 | +€175 | +3.1% |
| Gross operating margin | 9900 | €47,903 | €45,872 | -€2,031 | -4.2% |
| Operating profit (loss) | 9901 | -€10,100 | €3,938 | +€14,038 | |
| Financial income | 75/76B | €13,626 | €7,516 | -€6,111 | -44.8% |
| Recurring financial income | 75 | €13,626 | €7,516 | -€6,111 | -44.8% |
| Financial charges | 65/66B | €27,473 | €21,140 | -€6,333 | -23.1% |
| Recurring financial charges | 65 | €27,473 | €21,140 | -€6,333 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,946 | -€9,686 | +€14,260 | +59.6% |
| Income taxes | 67/77 | €541 | €530 | -€11 | -2.1% |
| Profit (loss) for the period | 9904 | -€24,488 | -€10,216 | +€14,271 | +58.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,488 | -€10,216 | +€14,271 | +58.3% |
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 23 October 2026 via checked.be.