CHADLI-Z: 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.
CHADLI-Z
Largest movements
- Receivables within one year -€44,820
down €44,820 (-69.9%), from €64,083 to €19,263
- Cash -€15,766
down €15,766 (-46.9%), from €33,624 to €17,858
mainly Contributions, distributions and other (-€65,000) and Net result for the year (-€5,941)
- Tangible fixed assets -€12,164
down €12,164 (-17.3%), from €70,197 to €58,033
of which Land and buildings: -€8,775
- Profit (loss) carried forward -€70,941
down €70,941 (-46.1%), from €153,930 to €82,990
- Gross operating margin -€785
down €785 (-7.5%), from €10,471 to €9,685
- Depreciation +€645
up €645 (+5.6%), from €11,519 to €12,164
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 | €167,904 | €95,551 | -€72,353 | -43.1% |
| Fixed assets | 21/28 | €70,197 | €58,033 | -€12,164 | -17.3% |
| Tangible fixed assets | 22/27 | €70,197 | €58,033 | -€12,164 | -17.3% |
| Land and buildings | 22 | €35,100 | €26,325 | -€8,775 | -25.0% |
| Plant, machinery and equipment | 23 | €35,097 | €31,708 | -€3,389 | -9.7% |
| Current assets | 29/58 | €97,707 | €37,518 | -€60,189 | -61.6% |
| Amounts receivable within one year | 40/41 | €64,083 | €19,263 | -€44,820 | -69.9% |
| Other amounts receivable | 41 | €64,083 | €19,263 | -€44,820 | -69.9% |
| Cash at bank and in hand | 54/58 | €33,624 | €17,858 | -€15,766 | -46.9% |
| Deferred charges and accrued income | 490/1 | - | €397 | +€397 | |
| Total equity and liabilities | 10/49 | €167,904 | €95,551 | -€72,353 | -43.1% |
| Equity | 10/15 | €166,330 | €95,390 | -€70,941 | -42.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,930 | €82,990 | -€70,941 | -46.1% |
| Amounts payable | 17/49 | €1,574 | €162 | -€1,412 | -89.7% |
| Amounts payable within one year | 42/48 | €1,574 | €162 | -€1,412 | -89.7% |
| Trade debts | 44 | €1,574 | €162 | -€1,412 | -89.7% |
| Suppliers | 440/4 | €1,574 | €162 | -€1,412 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,519 | €12,164 | +€645 | +5.6% |
| Other operating charges | 640/8 | €3,227 | €3,328 | +€101 | +3.1% |
| Non-recurring operating charges | 66A | €3,022 | - | -€3,022 | |
| Gross operating margin | 9900 | €10,471 | €9,685 | -€785 | -7.5% |
| Operating profit (loss) | 9901 | -€7,297 | -€5,807 | +€1,490 | +20.4% |
| Financial income | 75/76B | €84 | €113 | +€29 | +34.1% |
| Recurring financial income | 75 | €84 | €113 | +€29 | +34.1% |
| Financial charges | 65/66B | €214 | €213 | -€1 | -0.4% |
| Recurring financial charges | 65 | €214 | €213 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,427 | -€5,907 | +€1,520 | +20.5% |
| Income taxes | 67/77 | €25 | €34 | +€9 | +34.1% |
| Profit (loss) for the period | 9904 | -€7,452 | -€5,941 | +€1,511 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,452 | -€5,941 | +€1,511 | +20.3% |
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 30 October 2026 via checked.be.