CHAHAL: 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.
CHAHAL
Largest movements
- Cash +€36,716
up €36,716 (+499%), from €7,362 to €44,078
mainly Net result for the year (+€27,017) and Stocks and contracts (+€26,987)
- Stocks and contracts -€26,987
down €26,987 (-44.5%), from €60,680 to €33,693
- Receivables within one year +€4,603
up €4,603 (+276%), from €1,671 to €6,274
- Tangible fixed assets +€3,391
up €3,391 (+352%), from €964 to €4,355
of which Furniture and vehicles: +€3,556
- Profit (loss) carried forward +€27,017
up €27,017, from -€5,105 to €21,913
- Debts after one year -€9,814
down €9,814 (-84.8%), from €11,575 to €1,761
- Tax, wage and social debts +€7,829
up €7,829 (+112%), from €6,977 to €14,806
of which Remuneration and social security: +€4,006
- Short-term financial debts -€4,213
down €4,213 (-15.1%), from €27,843 to €23,630
- Trade debts -€2,891
down €2,891 (-30.4%), from €9,515 to €6,625
- Gross operating margin +€60,863
up €60,863, from -€12,281 to €48,582
- Depreciation +€1,709
up €1,709 (+527%), from €325 to €2,033
- Other operating charges -€1,557
down €1,557 (-27.5%), from €5,663 to €4,106
- Financial charges -€1,498
down €1,498 (-9.1%), from €16,400 to €14,902
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 | €71,265 | €89,195 | +€17,929 | +25.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €964 | €4,355 | +€3,391 | +352% |
| Tangible fixed assets | 22/27 | €964 | €4,355 | +€3,391 | +352% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €380 | €3,935 | +€3,556 | +937% |
| Other tangible fixed assets | 26 | €585 | €419 | -€165 | -28.2% |
| Current assets | 29/58 | €70,301 | €84,840 | +€14,539 | +20.7% |
| Stocks and contracts in progress | 3 | €60,680 | €33,693 | -€26,987 | -44.5% |
| Stocks | 30/36 | €60,680 | €33,693 | -€26,987 | -44.5% |
| Amounts receivable within one year | 40/41 | €1,671 | €6,274 | +€4,603 | +276% |
| Other amounts receivable | 41 | €1,671 | €6,274 | +€4,603 | +276% |
| Cash at bank and in hand | 54/58 | €7,362 | €44,078 | +€36,716 | +499% |
| Deferred charges and accrued income | 490/1 | €589 | €795 | +€206 | +35.0% |
| Total equity and liabilities | 10/49 | €71,265 | €89,195 | +€17,929 | +25.2% |
| Equity | 10/15 | €15,355 | €42,373 | +€27,017 | +176% |
| 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 | -€5,105 | €21,913 | +€27,017 | |
| Amounts payable | 17/49 | €55,910 | €46,822 | -€9,088 | -16.3% |
| Amounts payable after more than one year | 17 | €11,575 | €1,761 | -€9,814 | -84.8% |
| Financial debts | 170/4 | €11,575 | €1,761 | -€9,814 | -84.8% |
| Amounts payable within one year | 42/48 | €44,335 | €45,061 | +€726 | +1.6% |
| Financial debts | 43 | €27,843 | €23,630 | -€4,213 | -15.1% |
| Credit institutions | 430/8 | €27,843 | €23,630 | -€4,213 | -15.1% |
| Trade debts | 44 | €9,515 | €6,625 | -€2,891 | -30.4% |
| Suppliers | 440/4 | €9,515 | €6,625 | -€2,891 | -30.4% |
| Taxes, remuneration and social security | 45 | €6,977 | €14,806 | +€7,829 | +112% |
| Taxes | 450/3 | €6,977 | €10,800 | +€3,823 | +54.8% |
| Remuneration and social security | 454/9 | - | €4,006 | +€4,006 | |
| Non-recurring operating income | 76A | - | €11,645 | +€11,645 | |
| Remuneration, social security and pensions | 62 | €333 | €169 | -€164 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €2,033 | +€1,709 | +527% |
| Other operating charges | 640/8 | €5,663 | €4,106 | -€1,557 | -27.5% |
| Gross operating margin | 9900 | -€12,281 | €48,582 | +€60,863 | |
| Operating profit (loss) | 9901 | -€18,601 | €42,274 | +€60,875 | |
| Financial income | 75/76B | €26 | €0 | -€26 | -99.9% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -99.9% |
| Financial charges | 65/66B | €16,400 | €14,902 | -€1,498 | -9.1% |
| Recurring financial charges | 65 | €16,400 | €14,902 | -€1,498 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,975 | €27,372 | +€62,347 | |
| Income taxes | 67/77 | €348 | €355 | +€7 | +1.9% |
| Profit (loss) for the period | 9904 | -€35,324 | €27,017 | +€62,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,324 | €27,017 | +€62,341 |
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 23 October 2026 via checked.be.