CHALINVEST: 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.
CHALINVEST
Largest movements
- Tangible fixed assets -€12,678
down €12,678 (-13.3%), from €95,636 to €82,957
of which Other tangible fixed assets: -€11,234
- Stocks and contracts -€7,452
down €7,452 (-2.2%), from €346,456 to €339,004
- Receivables within one year -€4,739
down €4,739 (-99.0%), from €4,786 to €48
of which Trade receivables: -€4,615
- Short-term financial debts +€93,750
new in 2025: €93,750
- Current portion of long-term debt -€79,013
down €79,013 (-74.5%), from €106,077 to €27,065
- Tax, wage and social debts -€36,291
down €36,291 (-77.7%), from €46,736 to €10,445
of which Taxes: -€35,063
- Profit (loss) carried forward -€26,032
down €26,032 (-50.4%), from -€51,607 to -€77,639
- Debts after one year +€25,876
up €25,876 (+23.2%), from €111,347 to €137,223
of which Financial debts: +€25,876
- Gross operating margin -€58,317
down €58,317 (-64.3%), from €90,704 to €32,387
- Other operating charges -€4,657
down €4,657 (-68.8%), from €6,772 to €2,114
- Staff costs +€2,481
up €2,481 (+8.6%), from €28,719 to €31,200
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 | €449,464 | €423,324 | -€26,140 | -5.8% |
| Fixed assets | 21/28 | €95,636 | €82,957 | -€12,678 | -13.3% |
| Tangible fixed assets | 22/27 | €95,636 | €82,957 | -€12,678 | -13.3% |
| Land and buildings | 22 | €29,600 | €28,550 | -€1,050 | -3.5% |
| Plant, machinery and equipment | 23 | €1,019 | €624 | -€395 | -38.7% |
| Other tangible fixed assets | 26 | €65,017 | €53,783 | -€11,234 | -17.3% |
| Current assets | 29/58 | €353,828 | €340,367 | -€13,462 | -3.8% |
| Stocks and contracts in progress | 3 | €346,456 | €339,004 | -€7,452 | -2.2% |
| Stocks | 30/36 | €346,456 | €339,004 | -€7,452 | -2.2% |
| Amounts receivable within one year | 40/41 | €4,786 | €48 | -€4,739 | -99.0% |
| Trade receivables | 40 | €4,615 | €0 | -€4,615 | -100.0% |
| Other amounts receivable | 41 | €171 | €48 | -€123 | -72.1% |
| Cash at bank and in hand | 54/58 | €2,418 | €848 | -€1,570 | -64.9% |
| Deferred charges and accrued income | 490/1 | €167 | €467 | +€299 | +178.6% |
| Total equity and liabilities | 10/49 | €449,464 | €423,324 | -€26,140 | -5.8% |
| Equity | 10/15 | €54,593 | €28,561 | -€26,032 | -47.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,607 | -€77,639 | -€26,032 | -50.4% |
| Amounts payable | 17/49 | €394,871 | €394,763 | -€108 | 0.0% |
| Amounts payable after more than one year | 17 | €111,347 | €137,223 | +€25,876 | +23.2% |
| Financial debts | 170/4 | €23,897 | €49,773 | +€25,876 | +108.3% |
| Other amounts payable | 178/9 | €87,450 | €87,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €283,524 | €252,006 | -€31,518 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €106,077 | €27,065 | -€79,013 | -74.5% |
| Financial debts | 43 | - | €93,750 | +€93,750 | |
| Credit institutions | 430/8 | - | €93,750 | +€93,750 | |
| Trade debts | 44 | €92,216 | €90,969 | -€1,247 | -1.4% |
| Suppliers | 440/4 | €92,216 | €90,969 | -€1,247 | -1.4% |
| Advances received on contracts in progress | 46 | €300 | €0 | -€300 | -100.0% |
| Taxes, remuneration and social security | 45 | €46,736 | €10,445 | -€36,291 | -77.7% |
| Taxes | 450/3 | €43,431 | €8,367 | -€35,063 | -80.7% |
| Remuneration and social security | 454/9 | €3,306 | €2,078 | -€1,228 | -37.1% |
| Other amounts payable | 47/48 | €38,194 | €29,777 | -€8,417 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €5,534 | +€5,534 | |
| Remuneration, social security and pensions | 62 | €28,719 | €31,200 | +€2,481 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,603 | €12,678 | +€76 | +0.6% |
| Other operating charges | 640/8 | €6,772 | €2,114 | -€4,657 | -68.8% |
| Non-recurring operating charges | 66A | €165 | €0 | -€165 | -100.0% |
| Gross operating margin | 9900 | €90,704 | €32,387 | -€58,317 | -64.3% |
| Operating profit (loss) | 9901 | €42,446 | -€13,606 | -€56,051 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -100.0% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100.0% |
| Financial charges | 65/66B | €12,295 | €12,225 | -€70 | -0.6% |
| Recurring financial charges | 65 | €12,295 | €12,225 | -€70 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €30,165 | -€25,831 | -€55,996 | |
| Income taxes | 67/77 | €206 | €202 | -€4 | -1.8% |
| Profit (loss) for the period | 9904 | €29,960 | -€26,032 | -€55,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,960 | -€26,032 | -€55,992 |
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 8 October 2026 via checked.be.