Chaï Wen: 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.
Chaï Wen
Largest movements
- Tangible fixed assets -€21,196
down €21,196 (-2.9%), from €735,427 to €714,231
of which Land and buildings: -€17,067
- Cash -€20,001
down €20,001 (-4.1%), from €493,676 to €473,674
mainly Current portion of long-term debt (-€38,750) and Tax, wage and social debts (-€32,553)
- Reserves +€62,283
up €62,283 (+16.2%), from €385,393 to €447,676
of which Distributable reserves: +€66,873
- Current portion of long-term debt -€38,750
down €38,750 (-58.0%), from €66,804 to €28,054
- Tax, wage and social debts -€32,553
down €32,553 (-46.0%), from €70,775 to €38,222
- Debts after one year -€28,054
down €28,054 (-15.1%), from €185,984 to €157,930
- Gross operating margin -€29,464
down €29,464 (-15.4%), from €191,555 to €162,091
- Taxes +€4,972
up €4,972 (+10.7%), from €46,372 to €51,344
- Financial charges -€2,054
down €2,054 (-22.6%), from €9,101 to €7,047
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 | €1,238,315 | €1,203,665 | -€34,650 | -2.8% |
| Fixed assets | 21/28 | €735,427 | €714,231 | -€21,196 | -2.9% |
| Tangible fixed assets | 22/27 | €735,427 | €714,231 | -€21,196 | -2.9% |
| Land and buildings | 22 | €664,647 | €647,581 | -€17,067 | -2.6% |
| Plant, machinery and equipment | 23 | €62,877 | €65,439 | +€2,562 | +4.1% |
| Furniture and vehicles | 24 | €7,903 | €1,212 | -€6,691 | -84.7% |
| Current assets | 29/58 | €502,889 | €489,434 | -€13,454 | -2.7% |
| Stocks and contracts in progress | 3 | €4,315 | €5,123 | +€808 | +18.7% |
| Stocks | 30/36 | €4,315 | €5,123 | +€808 | +18.7% |
| Amounts receivable within one year | 40/41 | €2,032 | €3,402 | +€1,369 | +67.4% |
| Trade receivables | 40 | €1,054 | - | -€1,054 | |
| Other amounts receivable | 41 | €978 | €3,402 | +€2,424 | +248% |
| Cash at bank and in hand | 54/58 | €493,676 | €473,674 | -€20,001 | -4.1% |
| Deferred charges and accrued income | 490/1 | €2,865 | €7,235 | +€4,369 | +152% |
| Total equity and liabilities | 10/49 | €1,238,315 | €1,203,665 | -€34,650 | -2.8% |
| Equity | 10/15 | €725,144 | €787,427 | +€62,283 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €385,393 | €447,676 | +€62,283 | +16.2% |
| Tax-exempt reserves | 132 | €129,219 | €124,629 | -€4,590 | -3.6% |
| Distributable reserves | 133 | €256,174 | €323,047 | +€66,873 | +26.1% |
| Profit (loss) carried forward | 14 | €321,151 | €321,151 | = | 0.0% |
| Provisions and deferred taxes | 16 | €97,038 | €95,890 | -€1,148 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €64,733 | €64,733 | = | 0.0% |
| Pensions and similar obligations | 160 | €64,733 | €64,733 | = | 0.0% |
| Deferred taxes | 168 | €32,305 | €31,157 | -€1,148 | -3.6% |
| Amounts payable | 17/49 | €416,134 | €320,348 | -€95,785 | -23.0% |
| Amounts payable after more than one year | 17 | €185,984 | €157,930 | -€28,054 | -15.1% |
| Financial debts | 170/4 | €185,984 | €157,930 | -€28,054 | -15.1% |
| Amounts payable within one year | 42/48 | €230,150 | €162,336 | -€67,814 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €66,804 | €28,054 | -€38,750 | -58.0% |
| Trade debts | 44 | €27,109 | €23,743 | -€3,366 | -12.4% |
| Suppliers | 440/4 | €27,109 | €23,743 | -€3,366 | -12.4% |
| Taxes, remuneration and social security | 45 | €70,775 | €38,222 | -€32,553 | -46.0% |
| Taxes | 450/3 | €70,775 | €38,222 | -€32,553 | -46.0% |
| Other amounts payable | 47/48 | €65,463 | €72,318 | +€6,856 | +10.5% |
| Accrued charges and deferred income | 492/3 | - | €82 | +€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,275 | €35,205 | -€70 | -0.2% |
| Other operating charges | 640/8 | €7,232 | €7,370 | +€138 | +1.9% |
| Gross operating margin | 9900 | €191,555 | €162,091 | -€29,464 | -15.4% |
| Operating profit (loss) | 9901 | €149,047 | €119,515 | -€29,532 | -19.8% |
| Financial income | 75/76B | €3 | €11 | +€8 | +290% |
| Recurring financial income | 75 | €3 | €11 | +€8 | +290% |
| Financial charges | 65/66B | €9,101 | €7,047 | -€2,054 | -22.6% |
| Recurring financial charges | 65 | €9,101 | €7,047 | -€2,054 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €139,949 | €112,479 | -€27,469 | -19.6% |
| Transfer from deferred taxes | 780 | €1,148 | €1,148 | = | 0.0% |
| Income taxes | 67/77 | €46,372 | €51,344 | +€4,972 | +10.7% |
| Profit (loss) for the period | 9904 | €94,724 | €62,283 | -€32,441 | -34.2% |
| Transfer from tax-exempt reserves | 789 | €4,590 | €4,590 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,314 | €66,873 | -€32,441 | -32.7% |
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 30 October 2026 via checked.be.