ChainMate: 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.
ChainMate
Largest movements
- Cash +€28,733
up €28,733 (+33.5%), from €85,869 to €114,602
mainly Net result for the year (+€25,866) and Receivables within one year (+€3,424)
- Receivables within one year -€3,424
down €3,424 (-21.8%), from €15,730 to €12,306
of which Trade receivables: -€12,930
- Reserves +€25,866
up €25,866 (+29.2%), from €88,581 to €114,447
- Tax, wage and social debts -€1,778
no longer reported in 2025 (was €1,778)
- Gross operating margin -€42,513
down €42,513 (-54.5%), from €77,934 to €35,421
- Taxes -€7,945
down €7,945 (-48.8%), from €16,271 to €8,327
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.
Cash bridge derived
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 | €103,507 | €128,472 | +€24,965 | +24.1% |
| Fixed assets | 21/28 | €783 | €447 | -€336 | -42.9% |
| Tangible fixed assets | 22/27 | €783 | €447 | -€336 | -42.9% |
| Plant, machinery and equipment | 23 | €783 | €447 | -€336 | -42.9% |
| Current assets | 29/58 | €102,724 | €128,025 | +€25,301 | +24.6% |
| Amounts receivable within one year | 40/41 | €15,730 | €12,306 | -€3,424 | -21.8% |
| Trade receivables | 40 | €15,730 | €2,800 | -€12,930 | -82.2% |
| Other amounts receivable | 41 | - | €9,506 | +€9,506 | |
| Cash at bank and in hand | 54/58 | €85,869 | €114,602 | +€28,733 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,117 | -€9 | -0.8% |
| Total equity and liabilities | 10/49 | €103,507 | €128,472 | +€24,965 | +24.1% |
| Equity | 10/15 | €89,581 | €115,447 | +€25,866 | +28.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €88,581 | €114,447 | +€25,866 | +29.2% |
| Distributable reserves | 133 | €88,581 | €114,447 | +€25,866 | +29.2% |
| Amounts payable | 17/49 | €13,926 | €13,025 | -€901 | -6.5% |
| Amounts payable within one year | 42/48 | €13,926 | €12,775 | -€1,151 | -8.3% |
| Trade debts | 44 | €2,894 | €3,859 | +€965 | +33.3% |
| Suppliers | 440/4 | €2,894 | €3,859 | +€965 | +33.3% |
| Taxes, remuneration and social security | 45 | €1,778 | - | -€1,778 | |
| Taxes | 450/3 | €1,778 | - | -€1,778 | |
| Other amounts payable | 47/48 | €9,254 | €8,916 | -€338 | -3.6% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €336 | +€111 | +49.6% |
| Other operating charges | 640/8 | - | €690 | +€690 | |
| Gross operating margin | 9900 | €77,934 | €35,421 | -€42,513 | -54.5% |
| Operating profit (loss) | 9901 | €77,710 | €34,395 | -€43,315 | -55.7% |
| Financial charges | 65/66B | €77 | €203 | +€126 | +164.0% |
| Recurring financial charges | 65 | €77 | €203 | +€126 | +164.0% |
| Profit (loss) for the period before taxes | 9903 | €77,633 | €34,193 | -€43,440 | -56.0% |
| Income taxes | 67/77 | €16,271 | €8,327 | -€7,945 | -48.8% |
| Profit (loss) for the period | 9904 | €61,362 | €25,866 | -€35,496 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,362 | €25,866 | -€35,496 | -57.8% |
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 1 October 2026 via checked.be.