CHANOA: 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.
CHANOA
Largest movements
- Tangible fixed assets -€22,915
down €22,915 (-21.3%), from €107,446 to €84,531
of which Plant, machinery and equipment: -€11,881
- Cash -€20,593
down €20,593 (-23.3%), from €88,201 to €67,608
mainly Contributions, distributions and other (-€100,708) and Current portion of long-term debt (-€11,458)
- Stocks and contracts -€6,264
down €6,264 (-23.0%), from €27,189 to €20,924
- Receivables within one year -€5,251
down €5,251 (-37.6%), from €13,958 to €8,707
of which Other amounts receivable: -€8,493
- Other debts +€66,159
up €66,159, from €0 to €66,159
- Reserves -€50,708
down €50,708 (-42.1%), from €120,384 to €69,676
- Contributions -€50,000
down €50,000 (-66.7%), from €75,000 to €25,000
- Current portion of long-term debt -€11,458
down €11,458 (-74.8%), from €15,315 to €3,857
- Profit (loss) carried forward -€7,976
new in 2025: -€7,976
- Gross operating margin -€52,790
down €52,790 (-27.9%), from €189,211 to €136,421
- Staff costs -€23,278
down €23,278 (-22.6%), from €102,940 to €79,662
- Other operating charges +€20,244
up €20,244 (+213%), from €9,504 to €29,748
- Taxes -€12,363
down €12,363 (-100%), from €12,363 to €0
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 | €257,201 | €202,353 | -€54,848 | -21.3% |
| Fixed assets | 21/28 | €120,664 | €97,749 | -€22,915 | -19.0% |
| Tangible fixed assets | 22/27 | €107,446 | €84,531 | -€22,915 | -21.3% |
| Land and buildings | 22 | €3,092 | €2,935 | -€157 | -5.1% |
| Plant, machinery and equipment | 23 | €72,818 | €60,937 | -€11,881 | -16.3% |
| Furniture and vehicles | 24 | €31,536 | €20,658 | -€10,878 | -34.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €13,218 | €13,218 | = | 0.0% |
| Current assets | 29/58 | €136,537 | €104,604 | -€31,933 | -23.4% |
| Stocks and contracts in progress | 3 | €27,189 | €20,924 | -€6,264 | -23.0% |
| Stocks | 30/36 | €27,189 | €20,924 | -€6,264 | -23.0% |
| Amounts receivable within one year | 40/41 | €13,958 | €8,707 | -€5,251 | -37.6% |
| Trade receivables | 40 | €86 | €3,329 | +€3,243 | +3,770% |
| Other amounts receivable | 41 | €13,872 | €5,378 | -€8,493 | -61.2% |
| Cash at bank and in hand | 54/58 | €88,201 | €67,608 | -€20,593 | -23.3% |
| Deferred charges and accrued income | 490/1 | €7,190 | €7,365 | +€175 | +2.4% |
| Total equity and liabilities | 10/49 | €257,201 | €202,353 | -€54,848 | -21.3% |
| Equity | 10/15 | €195,384 | €86,700 | -€108,684 | -55.6% |
| Contributions | 10/11 | €75,000 | €25,000 | -€50,000 | -66.7% |
| Reserves | 13 | €120,384 | €69,676 | -€50,708 | -42.1% |
| Distributable reserves | 133 | €120,384 | €69,676 | -€50,708 | -42.1% |
| Profit (loss) carried forward | 14 | - | -€7,976 | -€7,976 | |
| Amounts payable | 17/49 | €61,817 | €115,653 | +€53,836 | +87.1% |
| Amounts payable after more than one year | 17 | €3,857 | €0 | -€3,857 | -100% |
| Financial debts | 170/4 | €3,857 | €0 | -€3,857 | -100% |
| Amounts payable within one year | 42/48 | €57,960 | €115,653 | +€57,693 | +99.5% |
| Current portion of amounts payable after more than one year | 42 | €15,315 | €3,857 | -€11,458 | -74.8% |
| Trade debts | 44 | €16,044 | €18,431 | +€2,387 | +14.9% |
| Suppliers | 440/4 | €16,044 | €18,431 | +€2,387 | +14.9% |
| Taxes, remuneration and social security | 45 | €26,601 | €27,205 | +€605 | +2.3% |
| Taxes | 450/3 | €14,711 | €18,052 | +€3,340 | +22.7% |
| Remuneration and social security | 454/9 | €11,889 | €9,154 | -€2,736 | -23.0% |
| Other amounts payable | 47/48 | €0 | €66,159 | +€66,159 | |
| Remuneration, social security and pensions | 62 | €102,940 | €79,662 | -€23,278 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,150 | €28,868 | -€282 | -1.0% |
| Other operating charges | 640/8 | €9,504 | €29,748 | +€20,244 | +213% |
| Non-recurring operating charges | 66A | €1,821 | €0 | -€1,821 | -100% |
| Gross operating margin | 9900 | €189,211 | €136,421 | -€52,790 | -27.9% |
| Operating profit (loss) | 9901 | €45,797 | -€1,856 | -€47,653 | |
| Financial income | 75/76B | €739 | €0 | -€739 | -100.0% |
| Recurring financial income | 75 | €739 | €0 | -€739 | -100.0% |
| Financial charges | 65/66B | €4,426 | €6,120 | +€1,694 | +38.3% |
| Recurring financial charges | 65 | €4,426 | €6,120 | +€1,694 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €42,110 | -€7,976 | -€50,086 | |
| Income taxes | 67/77 | €12,363 | €0 | -€12,363 | -100% |
| Profit (loss) for the period | 9904 | €29,747 | -€7,976 | -€37,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,747 | -€7,976 | -€37,723 |
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 15 October 2026 via checked.be.