CHALU: 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.
What changed
CHALU
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€20,891
2023 · -€9,374+€30,265
Equity
€15.8m
2023 · €626,092+€15.1m
Cash
€13,565
2023 · €15,976-€2,411
Balance sheet total
€20.3m
2023 · €4.5m+€15.9m
Largest movements
Assets
- Tangible fixed assets +€15.8m
up €15.8m (+371.5%), from €4.2m to €20.0m
of which Land and buildings: +€15.8m
Equity and liabilities
- Revaluation surpluses +€15.1m
new in 2024: €15.1m
- Debts after one year +€902,410
up €902,410 (+39.0%), from €2.3m to €3.2m
Income statement
- Gross operating margin +€92,493
up €92,493 (+29.8%), from €310,013 to €402,507
- Other operating charges +€72,182
up €72,182 (+119.8%), from €60,259 to €132,441
- Taxes -€34,373
down €34,373 (-75.5%), from €45,501 to €11,128
- Financial charges +€26,672
up €26,672 (+59.5%), from €44,797 to €71,469
From the 2023 result to the 2024 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.
Result 2023
-€9,374
Gross operating margin
+€92,493
Depreciation
+€1,981
Other operating charges
-€72,182
Other operating items
+€272
Financial charges
-€26,672
Taxes
+€34,373
Result 2024
€20,891
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€235,567
Investment
-€16.0m
Financing
+€16.2m
Cash 2023
€15,976
From operations (derived)
-€235,567
Net result for the year
+€20,891
Depreciation
+€166,577
Stocks and contracts
-€72,787
Smaller working-capital items
-€71,109
Trade debts
-€187,884
Other debts
-€91,255
Investment (derived)
-€16.0m
Investment in fixed assets (net)
-€16.0m
Financing
+€16.2m
Debts after one year
+€902,410
Current portion of long-term debt
+€83,867
Short-term financial debts
+€82,407
Contributions, distributions and other
+€15.1m
Cash 2024
€13,565
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,454,770 | €20,346,439 | +€15.9m | +356.7% |
| Fixed assets | 21/28 | €4,249,604 | €20,038,896 | +€15.8m | +371.5% |
| Tangible fixed assets | 22/27 | €4,249,604 | €20,038,896 | +€15.8m | +371.5% |
| Land and buildings | 22 | €4,057,696 | €19,881,546 | +€15.8m | +390.0% |
| Plant, machinery and equipment | 23 | €2,779 | €853 | -€1,927 | -69.3% |
| Furniture and vehicles | 24 | €189,128 | €156,498 | -€32,630 | -17.3% |
| Current assets | 29/58 | €205,167 | €307,543 | +€102,376 | +49.9% |
| Stocks and contracts in progress | 3 | €189,191 | €261,978 | +€72,787 | +38.5% |
| Stocks | 30/36 | €189,191 | €261,978 | +€72,787 | +38.5% |
| Cash at bank and in hand | 54/58 | €15,976 | €13,565 | -€2,411 | -15.1% |
| Deferred charges and accrued income | 490/1 | - | €32,000 | +€32,000 | |
| Total equity and liabilities | 10/49 | €4,454,770 | €20,346,439 | +€15.9m | +356.7% |
| Equity | 10/15 | €626,092 | €15,767,324 | +€15.1m | +2418.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | - | €15,120,341 | +€15.1m | |
| Reserves | 13 | €47,023 | €47,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,805 | €9,805 | = | 0.0% |
| Distributable reserves | 133 | €29,781 | €29,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €504,701 | €525,592 | +€20,891 | +4.1% |
| Amounts payable | 17/49 | €3,828,678 | €4,579,114 | +€750,436 | +19.6% |
| Amounts payable after more than one year | 17 | €2,313,644 | €3,216,054 | +€902,410 | +39.0% |
| Financial debts | 170/4 | €2,313,644 | €3,216,054 | +€902,410 | +39.0% |
| Amounts payable within one year | 42/48 | €1,515,035 | €1,363,061 | -€151,974 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €214,292 | €298,159 | +€83,867 | +39.1% |
| Financial debts | 43 | €45,000 | €127,407 | +€82,407 | +183.1% |
| Credit institutions | 430/8 | €45,000 | €127,407 | +€82,407 | +183.1% |
| Trade debts | 44 | €198,771 | €10,887 | -€187,884 | -94.5% |
| Suppliers | 440/4 | €198,771 | €10,887 | -€187,884 | -94.5% |
| Taxes, remuneration and social security | 45 | €62,717 | €23,607 | -€39,109 | -62.4% |
| Taxes | 450/3 | €62,717 | €23,607 | -€39,109 | -62.4% |
| Other amounts payable | 47/48 | €994,255 | €903,000 | -€91,255 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,558 | €166,577 | -€1,981 | -1.2% |
| Other operating charges | 640/8 | €60,259 | €132,441 | +€72,182 | +119.8% |
| Non-recurring operating charges | 66A | €272 | - | -€272 | |
| Gross operating margin | 9900 | €310,013 | €402,507 | +€92,493 | +29.8% |
| Operating profit (loss) | 9901 | €80,924 | €103,488 | +€22,564 | +27.9% |
| Financial charges | 65/66B | €44,797 | €71,469 | +€26,672 | +59.5% |
| Recurring financial charges | 65 | €44,797 | €71,469 | +€26,672 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €36,127 | €32,019 | -€4,108 | -11.4% |
| Income taxes | 67/77 | €45,501 | €11,128 | -€34,373 | -75.5% |
| Profit (loss) for the period | 9904 | -€9,374 | €20,891 | +€30,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,374 | €20,891 | +€30,265 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.