CHADRO: 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.
What changed
CHADRO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €398,123+€787,265
Equity
€4.2m
2024 · €3.8m+€382,759
Cash
€125,268
2024 · €83,956+€41,313
Balance sheet total
€7.1m
2024 · €7.1m-€32,355
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+115.6%), from €1.0m to €2.2m
- Revaluation surpluses -€802,628
down €802,628 (-100.0%), from €802,628 to €0
- Debts after one year -€668,321
down €668,321 (-22.3%), from €3.0m to €2.3m
of which Financial debts: -€438,433
- Current portion of long-term debt +€247,875
up €247,875 (+121.7%), from €203,656 to €451,531
Income statement
- Financial income +€891,679
up €891,679 (+402.6%), from €221,469 to €1.1m
- Other operating charges +€105,652
up €105,652 (+578.5%), from €18,263 to €123,915
- Financial charges +€29,705
up €29,705 (+38.9%), from €76,335 to €106,040
- Depreciation -€25,866
down €25,866 (-77.8%), from €33,257 to €7,391
- Gross operating margin +€13,868
up €13,868 (+4.5%), from €305,605 to €319,473
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.
Result 2024
€398,123
Gross operating margin
+€13,868
Depreciation
+€25,866
Other operating charges
-€105,652
Financial income
+€891,679
Financial charges
-€29,705
Taxes
-€8,791
Result 2025
€1.2m
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.
From operations
+€1.3m
Investment
-€14,116
Financing
-€1.2m
Cash 2024
€83,956
From operations (derived)
+€1.3m
Net result for the year
+€1.2m
Depreciation
+€7,391
Receivables after one year
-€1,500
Receivables within one year
+€45,982
Deferred charges and accrued income
+€35,911
Trade debts
-€44,402
Tax, wage and social debts
-€12,392
Other debts
+€23,050
Accrued charges and deferred income
+€39,077
Investment (derived)
-€14,116
Investment in fixed assets (net)
-€14,116
Financing
-€1.2m
Debts after one year
-€668,321
Current portion of long-term debt
+€247,875
Contributions, distributions and other
-€802,628
Cash 2025
€125,268
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,092,993 | €7,060,638 | -€32,355 | -0.5% |
| Fixed assets | 21/28 | €3,229,968 | €3,236,693 | +€6,725 | +0.2% |
| Tangible fixed assets | 22/27 | €1,084,100 | €1,090,825 | +€6,725 | +0.6% |
| Land and buildings | 22 | €1,080,774 | €1,080,774 | = | 0.0% |
| Furniture and vehicles | 24 | €3,326 | €10,051 | +€6,725 | +202.2% |
| Financial fixed assets | 28 | €2,145,868 | €2,145,868 | = | 0.0% |
| Current assets | 29/58 | €3,863,025 | €3,823,946 | -€39,080 | -1.0% |
| Amounts receivable after more than one year | 29 | €489,244 | €490,744 | +€1,500 | +0.3% |
| Trade receivables | 290 | €350,000 | - | -€350,000 | |
| Other amounts receivable | 291 | €139,244 | €490,744 | +€351,500 | +252.4% |
| Amounts receivable within one year | 40/41 | €3,176,320 | €3,130,338 | -€45,982 | -1.4% |
| Trade receivables | 40 | €132,356 | €72,784 | -€59,572 | -45.0% |
| Other amounts receivable | 41 | €3,043,964 | €3,057,554 | +€13,590 | +0.4% |
| Cash at bank and in hand | 54/58 | €83,956 | €125,268 | +€41,313 | +49.2% |
| Deferred charges and accrued income | 490/1 | €113,506 | €77,595 | -€35,911 | -31.6% |
| Total equity and liabilities | 10/49 | €7,092,993 | €7,060,638 | -€32,355 | -0.5% |
| Equity | 10/15 | €3,817,466 | €4,200,226 | +€382,759 | +10.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Revaluation surpluses | 12 | €802,628 | €0 | -€802,628 | -100.0% |
| Reserves | 13 | €1,976,000 | €1,976,000 | = | 0.0% |
| Distributable reserves | 133 | €1,976,000 | €1,976,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,025,838 | €2,211,226 | +€1.2m | +115.6% |
| Amounts payable | 17/49 | €3,275,527 | €2,860,413 | -€415,114 | -12.7% |
| Amounts payable after more than one year | 17 | €2,997,256 | €2,328,934 | -€668,321 | -22.3% |
| Financial debts | 170/4 | €2,135,392 | €1,696,959 | -€438,433 | -20.5% |
| Other amounts payable | 178/9 | €861,864 | €631,975 | -€229,888 | -26.7% |
| Amounts payable within one year | 42/48 | €276,022 | €490,152 | +€214,130 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €203,656 | €451,531 | +€247,875 | +121.7% |
| Trade debts | 44 | €54,398 | €9,996 | -€44,402 | -81.6% |
| Suppliers | 440/4 | €54,398 | €9,996 | -€44,402 | -81.6% |
| Taxes, remuneration and social security | 45 | €17,967 | €5,575 | -€12,392 | -69.0% |
| Taxes | 450/3 | €17,967 | €3,175 | -€14,792 | -82.3% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | - | €23,050 | +€23,050 | |
| Accrued charges and deferred income | 492/3 | €2,250 | €41,327 | +€39,077 | +1736.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,257 | €7,391 | -€25,866 | -77.8% |
| Other operating charges | 640/8 | €18,263 | €123,915 | +€105,652 | +578.5% |
| Gross operating margin | 9900 | €305,605 | €319,473 | +€13,868 | +4.5% |
| Operating profit (loss) | 9901 | €254,086 | €188,167 | -€65,919 | -25.9% |
| Financial income | 75/76B | €221,469 | €1,113,149 | +€891,679 | +402.6% |
| Recurring financial income | 75 | €221,469 | €1,113,149 | +€891,679 | +402.6% |
| Financial charges | 65/66B | €76,335 | €106,040 | +€29,705 | +38.9% |
| Recurring financial charges | 65 | €76,335 | €106,040 | +€29,705 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €399,221 | €1,195,276 | +€796,056 | +199.4% |
| Income taxes | 67/77 | €1,098 | €9,889 | +€8,791 | +800.6% |
| Profit (loss) for the period | 9904 | €398,123 | €1,185,388 | +€787,265 | +197.7% |
| Profit (loss) for the period to be appropriated | 9905 | €398,123 | €1,185,388 | +€787,265 | +197.7% |
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.