chaIThu: 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.
chaIThu
Largest movements
- Receivables within one year +€23,059
up €23,059 (+78.8%), from €29,264 to €52,322
of which Trade receivables: +€20,913
- Tangible fixed assets -€20,308
down €20,308 (-10.5%), from €193,860 to €173,551
of which Furniture and vehicles: -€10,378
- Cash -€13,292
down €13,292 (-93.5%), from €14,213 to €921
mainly Receivables within one year (-€23,059) and Tax, wage and social debts (-€20,322)
- Tax, wage and social debts -€20,322
down €20,322 (-99.8%), from €20,357 to €35
- Debts after one year -€15,922
down €15,922 (-17.1%), from €93,335 to €77,413
- Other debts +€15,209
up €15,209 (+90.1%), from €16,877 to €32,086
- Reserves +€5,415
up €5,415 (+12.7%), from €42,597 to €48,012
- Trade debts +€5,289
up €5,289 (+18.7%), from €28,222 to €33,510
- Staff costs -€29,488
no longer reported in 2025 (was €29,488)
- Gross operating margin -€27,770
down €27,770 (-46.9%), from €59,161 to €31,391
- Taxes -€1,181
down €1,181 (-36.1%), from €3,271 to €2,090
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 | €237,900 | €228,415 | -€9,485 | -4.0% |
| Fixed assets | 21/28 | €194,423 | €174,114 | -€20,308 | -10.4% |
| Tangible fixed assets | 22/27 | €193,860 | €173,551 | -€20,308 | -10.5% |
| Land and buildings | 22 | €155,691 | €147,555 | -€8,136 | -5.2% |
| Plant, machinery and equipment | 23 | €5,425 | €3,630 | -€1,795 | -33.1% |
| Furniture and vehicles | 24 | €32,745 | €22,367 | -€10,378 | -31.7% |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €43,477 | €54,301 | +€10,824 | +24.9% |
| Amounts receivable within one year | 40/41 | €29,264 | €52,322 | +€23,059 | +78.8% |
| Trade receivables | 40 | €27,000 | €47,913 | +€20,913 | +77.5% |
| Other amounts receivable | 41 | €2,264 | €4,409 | +€2,146 | +94.8% |
| Cash at bank and in hand | 54/58 | €14,213 | €921 | -€13,292 | -93.5% |
| Deferred charges and accrued income | 490/1 | - | €1,057 | +€1,057 | |
| Total equity and liabilities | 10/49 | €237,900 | €228,415 | -€9,485 | -4.0% |
| Equity | 10/15 | €61,197 | €66,612 | +€5,415 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,597 | €48,012 | +€5,415 | +12.7% |
| Distributable reserves | 133 | €42,597 | €48,012 | +€5,415 | +12.7% |
| Amounts payable | 17/49 | €176,702 | €161,803 | -€14,899 | -8.4% |
| Amounts payable after more than one year | 17 | €93,335 | €77,413 | -€15,922 | -17.1% |
| Financial debts | 170/4 | €93,335 | €77,413 | -€15,922 | -17.1% |
| Amounts payable within one year | 42/48 | €83,367 | €83,818 | +€451 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €17,911 | €18,186 | +€276 | +1.5% |
| Trade debts | 44 | €28,222 | €33,510 | +€5,289 | +18.7% |
| Suppliers | 440/4 | €28,222 | €33,510 | +€5,289 | +18.7% |
| Taxes, remuneration and social security | 45 | €20,357 | €35 | -€20,322 | -99.8% |
| Taxes | 450/3 | €20,357 | €35 | -€20,322 | -99.8% |
| Other amounts payable | 47/48 | €16,877 | €32,086 | +€15,209 | +90.1% |
| Accrued charges and deferred income | 492/3 | - | €571 | +€571 | |
| Remuneration, social security and pensions | 62 | €29,488 | - | -€29,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,408 | €20,308 | -€100 | -0.5% |
| Other operating charges | 640/8 | €576 | €848 | +€272 | +47.3% |
| Gross operating margin | 9900 | €59,161 | €31,391 | -€27,770 | -46.9% |
| Operating profit (loss) | 9901 | €8,688 | €10,234 | +€1,546 | +17.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,802 | €2,730 | -€72 | -2.6% |
| Recurring financial charges | 65 | €2,802 | €2,730 | -€72 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €5,887 | €7,505 | +€1,618 | +27.5% |
| Income taxes | 67/77 | €3,271 | €2,090 | -€1,181 | -36.1% |
| Profit (loss) for the period | 9904 | €2,616 | €5,415 | +€2,799 | +107.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,616 | €5,415 | +€2,799 | +107.0% |
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 9 October 2026 via checked.be.