Changile: 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.
Changile
Largest movements
- Tangible fixed assets -€56,174
down €56,174 (-8.1%), from €696,510 to €640,336
of which Land and buildings: -€43,260
- Cash +€30,286
up €30,286 (+241%), from €12,591 to €42,877
mainly Depreciation (+€59,714) and Net result for the year (+€26,224)
- Debts after one year -€37,874
down €37,874 (-8.5%), from €445,353 to €407,479
- Reserves +€26,224
up €26,224 (+16.6%), from €157,844 to €184,068
- Other debts -€17,144
down €17,144 (-56.1%), from €30,568 to €13,424
- Tax, wage and social debts +€8,679
up €8,679 (+524%), from €1,656 to €10,335
- Gross operating margin +€24,190
up €24,190 (+32.3%), from €74,985 to €99,175
- Depreciation +€13,059
up €13,059 (+28.0%), from €46,655 to €59,714
- Financial income +€8,216
up €8,216 (+35,644%), from €23 to €8,239
of which Non-recurring financial income: +€8,000
- Taxes +€3,810
up €3,810 (+60.9%), from €6,253 to €10,063
- Financial charges +€1,208
up €1,208 (+17.8%), from €6,786 to €7,994
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 | €736,129 | €713,450 | -€22,679 | -3.1% |
| Fixed assets | 21/28 | €699,960 | €643,586 | -€56,374 | -8.1% |
| Tangible fixed assets | 22/27 | €696,510 | €640,336 | -€56,174 | -8.1% |
| Land and buildings | 22 | €627,321 | €584,061 | -€43,260 | -6.9% |
| Plant, machinery and equipment | 23 | €1,172 | €2,491 | +€1,319 | +113% |
| Furniture and vehicles | 24 | €68,018 | €53,785 | -€14,233 | -20.9% |
| Financial fixed assets | 28 | €3,450 | €3,250 | -€200 | -5.8% |
| Current assets | 29/58 | €36,169 | €69,864 | +€33,695 | +93.2% |
| Amounts receivable within one year | 40/41 | €20,080 | €26,987 | +€6,908 | +34.4% |
| Trade receivables | 40 | €12,386 | €18,283 | +€5,898 | +47.6% |
| Other amounts receivable | 41 | €7,694 | €8,704 | +€1,010 | +13.1% |
| Cash at bank and in hand | 54/58 | €12,591 | €42,877 | +€30,286 | +241% |
| Deferred charges and accrued income | 490/1 | €3,498 | - | -€3,498 | |
| Total equity and liabilities | 10/49 | €736,129 | €713,450 | -€22,679 | -3.1% |
| Equity | 10/15 | €215,898 | €242,122 | +€26,224 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,844 | €184,068 | +€26,224 | +16.6% |
| Distributable reserves | 133 | €157,844 | €184,068 | +€26,224 | +16.6% |
| Profit (loss) carried forward | 14 | €39,454 | €39,454 | = | 0.0% |
| Amounts payable | 17/49 | €520,231 | €471,328 | -€48,903 | -9.4% |
| Amounts payable after more than one year | 17 | €445,353 | €407,479 | -€37,874 | -8.5% |
| Financial debts | 170/4 | €445,353 | €407,479 | -€37,874 | -8.5% |
| Amounts payable within one year | 42/48 | €74,878 | €63,850 | -€11,028 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €37,137 | €37,874 | +€737 | +2.0% |
| Trade debts | 44 | €5,517 | €2,216 | -€3,300 | -59.8% |
| Suppliers | 440/4 | €5,517 | €2,216 | -€3,300 | -59.8% |
| Taxes, remuneration and social security | 45 | €1,656 | €10,335 | +€8,679 | +524% |
| Taxes | 450/3 | €1,656 | €10,335 | +€8,679 | +524% |
| Other amounts payable | 47/48 | €30,568 | €13,424 | -€17,144 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,655 | €59,714 | +€13,059 | +28.0% |
| Other operating charges | 640/8 | €3,763 | €3,419 | -€344 | -9.2% |
| Gross operating margin | 9900 | €74,985 | €99,175 | +€24,190 | +32.3% |
| Operating profit (loss) | 9901 | €24,567 | €36,042 | +€11,475 | +46.7% |
| Financial income | 75/76B | €23 | €8,239 | +€8,216 | +35,644% |
| Recurring financial income | 75 | €23 | €239 | +€216 | +937% |
| Non-recurring financial income | 76B | - | €8,000 | +€8,000 | |
| Financial charges | 65/66B | €6,786 | €7,994 | +€1,208 | +17.8% |
| Recurring financial charges | 65 | €6,786 | €7,994 | +€1,208 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €17,804 | €36,287 | +€18,484 | +104% |
| Income taxes | 67/77 | €6,253 | €10,063 | +€3,810 | +60.9% |
| Profit (loss) for the period | 9904 | €11,550 | €26,224 | +€14,674 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €11,550 | €26,224 | +€14,674 | +127% |
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 28 October 2026 via checked.be.