CHADSTEER: 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.
CHADSTEER
Largest movements
- Receivables within one year +€16,347
up €16,347 (+130.3%), from €12,548 to €28,894
of which Trade receivables: +€15,428
- Cash -€12,718
down €12,718 (-35.5%), from €35,859 to €23,142
mainly Other debts (-€22,072) and Receivables within one year (-€16,347)
- Tangible fixed assets -€1,592
down €1,592 (-6.0%), from €26,573 to €24,982
of which Furniture and vehicles: -€1,135
- Other debts -€22,072
down €22,072 (-78.3%), from €28,200 to €6,128
- Profit (loss) carried forward +€20,544
up €20,544 (+78.7%), from €26,095 to €46,639
- Trade debts +€2,434
up €2,434 (+79.1%), from €3,079 to €5,512
- Accrued charges and deferred income +€1,692
up €1,692 (+114.6%), from €1,477 to €3,168
- Gross operating margin +€95,953
up €95,953, from -€54,195 to €41,758
- Depreciation +€2,056
up €2,056 (+14.0%), from €14,720 to €16,776
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 | €79,309 | €82,105 | +€2,796 | +3.5% |
| Fixed assets | 21/28 | €26,654 | €25,062 | -€1,592 | -6.0% |
| Tangible fixed assets | 22/27 | €26,573 | €24,982 | -€1,592 | -6.0% |
| Furniture and vehicles | 24 | €25,746 | €24,611 | -€1,135 | -4.4% |
| Leasing and similar rights | 25 | €827 | €370 | -€457 | -55.2% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €52,656 | €57,043 | +€4,387 | +8.3% |
| Amounts receivable within one year | 40/41 | €12,548 | €28,894 | +€16,347 | +130.3% |
| Trade receivables | 40 | €11,798 | €27,225 | +€15,428 | +130.8% |
| Other amounts receivable | 41 | €750 | €1,669 | +€919 | +122.6% |
| Cash at bank and in hand | 54/58 | €35,859 | €23,142 | -€12,718 | -35.5% |
| Deferred charges and accrued income | 490/1 | €4,249 | €5,007 | +€758 | +17.8% |
| Total equity and liabilities | 10/49 | €79,309 | €82,105 | +€2,796 | +3.5% |
| Equity | 10/15 | €46,555 | €67,099 | +€20,544 | +44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,095 | €46,639 | +€20,544 | +78.7% |
| Amounts payable | 17/49 | €32,755 | €15,007 | -€17,748 | -54.2% |
| Amounts payable within one year | 42/48 | €31,278 | €11,838 | -€19,440 | -62.2% |
| Trade debts | 44 | €3,079 | €5,512 | +€2,434 | +79.1% |
| Suppliers | 440/4 | €3,079 | €5,512 | +€2,434 | +79.1% |
| Taxes, remuneration and social security | 45 | - | €198 | +€198 | |
| Taxes | 450/3 | - | €198 | +€198 | |
| Other amounts payable | 47/48 | €28,200 | €6,128 | -€22,072 | -78.3% |
| Accrued charges and deferred income | 492/3 | €1,477 | €3,168 | +€1,692 | +114.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,720 | €16,776 | +€2,056 | +14.0% |
| Other operating charges | 640/8 | €1,723 | €1,666 | -€57 | -3.3% |
| Gross operating margin | 9900 | -€54,195 | €41,758 | +€95,953 | |
| Operating profit (loss) | 9901 | -€70,638 | €23,316 | +€93,954 | |
| Financial charges | 65/66B | €2,762 | €2,487 | -€275 | -9.9% |
| Recurring financial charges | 65 | €2,762 | €2,487 | -€275 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€73,400 | €20,828 | +€94,229 | |
| Income taxes | 67/77 | €304 | €284 | -€20 | -6.5% |
| Profit (loss) for the period | 9904 | -€73,704 | €20,544 | +€94,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,704 | €20,544 | +€94,248 |
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 8 October 2026 via checked.be.