CHAFEI&FRERES: 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.
CHAFEI&FRERES
Largest movements
- Deferred charges and accrued income -€900
no longer reported in 2025 (was €900)
- Cash -€889
down €889 (-94.9%), from €937 to €48
mainly Other debts (-€7,092) and Short-term financial debts (-€120)
- Other debts -€7,092
down €7,092 (-80.7%), from €8,793 to €1,701
- Profit (loss) carried forward +€4,057
up €4,057 (+22.3%), from -€18,205 to -€14,148
- Tax, wage and social debts +€1,400
up €1,400 (+37.2%), from €3,768 to €5,168
- Short-term financial debts -€120
no longer reported in 2025 (was €120)
- Trade debts -€34
down €34 (-8.3%), from €411 to €377
- Gross operating margin +€15,505
up €15,505, from -€10,926 to €4,580
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 | €2,086 | €297 | -€1,789 | -85.8% |
| Current assets | 29/58 | €2,086 | €297 | -€1,789 | -85.8% |
| Amounts receivable within one year | 40/41 | €249 | €249 | = | 0.0% |
| Trade receivables | 40 | €249 | €249 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €937 | €48 | -€889 | -94.9% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €2,086 | €297 | -€1,789 | -85.8% |
| Equity | 10/15 | -€11,005 | -€6,948 | +€4,057 | +36.9% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,205 | -€14,148 | +€4,057 | +22.3% |
| Amounts payable | 17/49 | €13,091 | €7,245 | -€5,846 | -44.7% |
| Amounts payable within one year | 42/48 | €13,091 | €7,245 | -€5,846 | -44.7% |
| Financial debts | 43 | €120 | - | -€120 | |
| Credit institutions | 430/8 | €120 | - | -€120 | |
| Trade debts | 44 | €411 | €377 | -€34 | -8.3% |
| Suppliers | 440/4 | €411 | €377 | -€34 | -8.3% |
| Taxes, remuneration and social security | 45 | €3,768 | €5,168 | +€1,400 | +37.2% |
| Remuneration and social security | 454/9 | €3,768 | €5,168 | +€1,400 | +37.2% |
| Other amounts payable | 47/48 | €8,793 | €1,701 | -€7,092 | -80.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€10,926 | €4,580 | +€15,505 | |
| Operating profit (loss) | 9901 | -€11,313 | €4,180 | +€15,493 | |
| Financial charges | 65/66B | €200 | €123 | -€77 | -38.6% |
| Recurring financial charges | 65 | €200 | €123 | -€77 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,513 | €4,057 | +€15,570 | |
| Profit (loss) for the period | 9904 | -€11,513 | €4,057 | +€15,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,513 | €4,057 | +€15,570 |
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 17 October 2026 via checked.be.