CHAFA: 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.
CHAFA
Largest movements
- Receivables within one year +€15,753
up €15,753 (+36.1%), from €43,689 to €59,442
of which Other amounts receivable: +€9,549
- Cash -€1,053
down €1,053 (-31.9%), from €3,298 to €2,245
mainly Receivables within one year (-€15,753) and Trade debts (-€2,847)
- Other debts +€15,075
up €15,075 (+24.4%), from €61,846 to €76,920
- Trade debts -€2,847
down €2,847 (-4.9%), from €58,694 to €55,848
- Profit (loss) carried forward +€2,190
up €2,190 (+2.4%), from -€90,163 to -€87,973
- Gross operating margin +€55,321
up €55,321, from -€51,349 to €3,972
- Staff costs -€17,465
no longer reported in 2024 (was €17,465)
- Other operating charges +€1,278
up €1,278 (+741.1%), from €173 to €1,451
- Financial charges -€821
down €821 (-94.2%), from €872 to €51
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,425 | €66,843 | +€14,418 | +27.5% |
| Fixed assets | 21/28 | €638 | €356 | -€282 | -44.2% |
| Tangible fixed assets | 22/27 | €638 | €356 | -€282 | -44.2% |
| Plant, machinery and equipment | 23 | €638 | €356 | -€282 | -44.2% |
| Current assets | 29/58 | €51,787 | €66,487 | +€14,700 | +28.4% |
| Stocks and contracts in progress | 3 | €4,800 | €4,800 | = | 0.0% |
| Stocks | 30/36 | €4,800 | €4,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,689 | €59,442 | +€15,753 | +36.1% |
| Trade receivables | 40 | €38,667 | €44,871 | +€6,204 | +16.0% |
| Other amounts receivable | 41 | €5,022 | €14,571 | +€9,549 | +190.1% |
| Cash at bank and in hand | 54/58 | €3,298 | €2,245 | -€1,053 | -31.9% |
| Total equity and liabilities | 10/49 | €52,425 | €66,843 | +€14,418 | +27.5% |
| Equity | 10/15 | -€69,263 | -€67,073 | +€2,190 | +3.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,163 | -€87,973 | +€2,190 | +2.4% |
| Amounts payable | 17/49 | €121,689 | €133,916 | +€12,228 | +10.0% |
| Amounts payable within one year | 42/48 | €121,689 | €133,916 | +€12,228 | +10.0% |
| Trade debts | 44 | €58,694 | €55,848 | -€2,847 | -4.9% |
| Suppliers | 440/4 | €58,694 | €55,848 | -€2,847 | -4.9% |
| Taxes, remuneration and social security | 45 | €1,148 | €1,148 | = | 0.0% |
| Taxes | 450/3 | €1,148 | €1,148 | = | 0.0% |
| Other amounts payable | 47/48 | €61,846 | €76,920 | +€15,075 | +24.4% |
| Remuneration, social security and pensions | 62 | €17,465 | - | -€17,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €282 | = | 0.0% |
| Other operating charges | 640/8 | €173 | €1,451 | +€1,278 | +741.1% |
| Gross operating margin | 9900 | -€51,349 | €3,972 | +€55,321 | |
| Operating profit (loss) | 9901 | -€69,269 | €2,239 | +€71,508 | |
| Financial income | 75/76B | €5 | €3 | -€2 | -47.3% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -47.3% |
| Financial charges | 65/66B | €872 | €51 | -€821 | -94.2% |
| Recurring financial charges | 65 | €872 | €51 | -€821 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | -€70,136 | €2,190 | +€72,326 | |
| Profit (loss) for the period | 9904 | -€70,136 | €2,190 | +€72,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,136 | €2,190 | +€72,326 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.