CHAN ADVISORY: 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.
CHAN ADVISORY
Largest movements
- Intangible fixed assets +€144,000
new in 2025: €144,000
- Tangible fixed assets +€13,372
up €13,372 (+33.9%), from €39,430 to €52,802
of which Plant, machinery and equipment: +€16,666
- Cash -€3,945
down €3,945 (-86.7%), from €4,551 to €606
mainly Investment in fixed assets (net) (-€186,935) and Current portion of long-term debt (-€12,088)
- Receivables within one year +€2,125
new in 2025: €2,125
- Other debts +€141,025
up €141,025 (+2,566%), from €5,495 to €146,520
- Trade debts +€23,725
new in 2025: €23,725
- Profit (loss) carried forward +€19,824
no longer reported in 2025 (was -€19,824)
- Current portion of long-term debt -€12,088
no longer reported in 2025 (was €12,088)
- Reserves -€9,784
down €9,784 (-53.5%), from €18,281 to €8,497
of which Tax-exempt reserves: -€12,621
- Gross operating margin +€30,010
up €30,010 (+205%), from €14,619 to €44,629
- Other operating charges -€8,890
down €8,890 (-86.9%), from €10,230 to €1,340
- Depreciation +€6,625
up €6,625 (+28.9%), from €22,938 to €29,563
- Taxes +€2,191
new in 2025: €2,191
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 | €43,981 | €199,532 | +€155,551 | +354% |
| Fixed assets | 21/28 | €39,430 | €196,802 | +€157,372 | +399% |
| Intangible fixed assets | 21 | - | €144,000 | +€144,000 | |
| Tangible fixed assets | 22/27 | €39,430 | €52,802 | +€13,372 | +33.9% |
| Plant, machinery and equipment | 23 | €9,103 | €25,769 | +€16,666 | +183% |
| Furniture and vehicles | 24 | - | €2,066 | +€2,066 | |
| Other tangible fixed assets | 26 | €30,327 | €24,967 | -€5,360 | -17.7% |
| Current assets | 29/58 | €4,551 | €2,730 | -€1,821 | -40.0% |
| Amounts receivable within one year | 40/41 | - | €2,125 | +€2,125 | |
| Other amounts receivable | 41 | - | €2,125 | +€2,125 | |
| Cash at bank and in hand | 54/58 | €4,551 | €606 | -€3,945 | -86.7% |
| Total equity and liabilities | 10/49 | €43,981 | €199,532 | +€155,551 | +354% |
| Equity | 10/15 | €17,056 | €27,097 | +€10,040 | +58.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,281 | €8,497 | -€9,784 | -53.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €12,621 | - | -€12,621 | |
| Distributable reserves | 133 | €3,800 | €8,497 | +€4,697 | +124% |
| Profit (loss) carried forward | 14 | -€19,824 | - | +€19,824 | |
| Amounts payable | 17/49 | €26,925 | €172,436 | +€145,511 | +540% |
| Amounts payable within one year | 42/48 | €26,925 | €172,436 | +€145,511 | +540% |
| Current portion of amounts payable after more than one year | 42 | €12,088 | - | -€12,088 | |
| Trade debts | 44 | - | €23,725 | +€23,725 | |
| Suppliers | 440/4 | - | €23,725 | +€23,725 | |
| Taxes, remuneration and social security | 45 | €9,341 | €2,191 | -€7,151 | -76.5% |
| Taxes | 450/3 | €9,341 | €2,191 | -€7,151 | -76.5% |
| Other amounts payable | 47/48 | €5,495 | €146,520 | +€141,025 | +2,566% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,938 | €29,563 | +€6,625 | +28.9% |
| Other operating charges | 640/8 | €10,230 | €1,340 | -€8,890 | -86.9% |
| Gross operating margin | 9900 | €14,619 | €44,629 | +€30,010 | +205% |
| Operating profit (loss) | 9901 | -€18,550 | €13,726 | +€32,275 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,436 | €1,495 | +€59 | +4.1% |
| Recurring financial charges | 65 | €1,436 | €1,495 | +€59 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,986 | €12,231 | +€32,217 | |
| Income taxes | 67/77 | - | €2,191 | +€2,191 | |
| Profit (loss) for the period | 9904 | -€19,986 | €10,040 | +€30,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,986 | €10,040 | +€30,026 |
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 16 October 2026 via checked.be.