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CHAFLORE: 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

CHAFLORE

BE 0540.993.942
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,079
2024 · -€16,560+€15,482
Equity
-€413,864
2024 · -€412,785-€1,079
Cash
€3,681
2024 · €1,178+€2,504
Balance sheet total
€294,134
2024 · €321,846-€27,713

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€21,784

    down €21,784 (-7.1%), from €306,973 to €285,189

    of which Land and buildings: -€15,414

  • Receivables within one year -€7,887

    down €7,887 (-96.8%), from €8,148 to €261

    of which Trade receivables: -€7,260

Equity and liabilities
  • Debts after one year -€56,306

    down €56,306 (-9.3%), from €603,774 to €547,468

  • Other debts +€29,300

    up €29,300 (+41.9%), from €70,005 to €99,305

Income statement
  • Gross operating margin +€8,559

    up €8,559 (+28.3%), from €30,236 to €38,794

  • Depreciation -€4,813

    down €4,813 (-14.9%), from €32,248 to €27,436

  • Financial charges -€2,043

    down €2,043 (-16.9%), from €12,073 to €10,030

From the 2024 result to the 2025 result

effect on the 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 -€16,560
Gross operating margin +€8,559
Staff costs +€356
Depreciation +€4,813
Other operating charges -€290
Financial income +€1
Financial charges +€2,043
Result 2025 -€1,079

Cash bridge derived

cash 2024 to 2025

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 +€61,758
Investment -€5,064
Financing -€54,191
Cash 2024 €1,178
Net result for the year -€1,079
Depreciation +€27,436
Receivables within one year +€7,887
Deferred charges and accrued income -€43
Trade debts -€1,246
Other debts +€29,300
Accrued charges and deferred income -€497
Investment in fixed assets (net) -€5,064
Debts after one year -€56,306
Current portion of long-term debt +€2,115
Cash 2025 €3,681
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €321,846 €294,134 -€27,713 -8.6%
Fixed assets 21/28 €310,018 €287,646 -€22,372 -7.2%
Intangible fixed assets 21 €2,326 €1,738 -€588 -25.3%
Tangible fixed assets 22/27 €306,973 €285,189 -€21,784 -7.1%
Land and buildings 22 €285,296 €269,882 -€15,414 -5.4%
Plant, machinery and equipment 23 €11,789 €8,706 -€3,083 -26.2%
Furniture and vehicles 24 €9,888 €6,601 -€3,287 -33.2%
Financial fixed assets 28 €719 €719 = 0.0%
Current assets 29/58 €11,828 €6,488 -€5,341 -45.1%
Amounts receivable within one year 40/41 €8,148 €261 -€7,887 -96.8%
Trade receivables 40 €7,260 €0 -€7,260 -100.0%
Other amounts receivable 41 €888 €261 -€627 -70.6%
Cash at bank and in hand 54/58 €1,178 €3,681 +€2,504 +212.6%
Deferred charges and accrued income 490/1 €2,503 €2,546 +€43 +1.7%
Total equity and liabilities 10/49 €321,846 €294,134 -€27,713 -8.6%
Equity 10/15 -€412,785 -€413,864 -€1,079 -0.3%
Contributions 10/11 €50,000 €50,000 = 0.0%
Profit (loss) carried forward 14 -€462,785 -€463,864 -€1,079 -0.2%
Amounts payable 17/49 €734,631 €707,998 -€26,634 -3.6%
Amounts payable after more than one year 17 €603,774 €547,468 -€56,306 -9.3%
Financial debts 170/4 €603,774 €547,468 -€56,306 -9.3%
Amounts payable within one year 42/48 €130,361 €160,530 +€30,168 +23.1%
Current portion of amounts payable after more than one year 42 €54,191 €56,306 +€2,115 +3.9%
Trade debts 44 €6,165 €4,919 -€1,246 -20.2%
Suppliers 440/4 €6,165 €4,919 -€1,246 -20.2%
Taxes, remuneration and social security 45 €0 - =
Taxes 450/3 €0 - =
Other amounts payable 47/48 €70,005 €99,305 +€29,300 +41.9%
Accrued charges and deferred income 492/3 €497 €0 -€497 -100.0%
Remuneration, social security and pensions 62 €356 €0 -€356 -100.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €32,248 €27,436 -€4,813 -14.9%
Other operating charges 640/8 €2,121 €2,411 +€290 +13.7%
Gross operating margin 9900 €30,236 €38,794 +€8,559 +28.3%
Operating profit (loss) 9901 -€4,490 €8,948 +€13,438
Financial income 75/76B €3 €4 +€1 +50.9%
Recurring financial income 75 €3 €4 +€1 +50.9%
Financial charges 65/66B €12,073 €10,030 -€2,043 -16.9%
Recurring financial charges 65 €12,073 €10,030 -€2,043 -16.9%
Profit (loss) for the period before taxes 9903 -€16,560 -€1,079 +€15,482 +93.5%
Profit (loss) for the period 9904 -€16,560 -€1,079 +€15,482 +93.5%
Profit (loss) for the period to be appropriated 9905 -€16,560 -€1,079 +€15,482 +93.5%

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 29 September 2026 via checked.be.