CHANOU: 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.
CHANOU
Largest movements
- Cash -€17,670
down €17,670 (-91.3%), from €19,344 to €1,674
mainly Net result for the year (-€13,631) and Current portion of long-term debt (-€9,065)
- Receivables within one year +€6,169
up €6,169 (+24.6%), from €25,068 to €31,237
of which Trade receivables: +€7,251
- Stocks and contracts -€3,393
down €3,393 (-36.4%), from €9,331 to €5,938
- Tangible fixed assets -€2,958
down €2,958 (-76.7%), from €3,859 to €901
- Profit (loss) carried forward -€13,631
down €13,631 (-24.7%), from €55,248 to €41,617
- Current portion of long-term debt -€9,065
no longer reported in 2025 (was €9,065)
- Short-term financial debts +€3,617
new in 2025: €3,617
- Gross operating margin -€31,309
down €31,309 (-34.1%), from €91,756 to €60,447
- Staff costs -€11,838
down €11,838 (-14.7%), from €80,405 to €68,567
- Depreciation -€2,384
down €2,384 (-44.6%), from €5,342 to €2,958
- Taxes -€1,524
down €1,524 (-89.6%), from €1,700 to €176
- Other operating charges -€1,492
down €1,492 (-69.6%), from €2,144 to €652
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 | €161,850 | €142,987 | -€18,863 | -11.7% |
| Fixed assets | 21/28 | €4,479 | €1,521 | -€2,958 | -66.0% |
| Tangible fixed assets | 22/27 | €3,859 | €901 | -€2,958 | -76.7% |
| Furniture and vehicles | 24 | €3,859 | €901 | -€2,958 | -76.7% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €157,371 | €141,466 | -€15,905 | -10.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,331 | €5,938 | -€3,393 | -36.4% |
| Stocks | 30/36 | €9,331 | €5,938 | -€3,393 | -36.4% |
| Amounts receivable within one year | 40/41 | €25,068 | €31,237 | +€6,169 | +24.6% |
| Trade receivables | 40 | €18,186 | €25,437 | +€7,251 | +39.9% |
| Other amounts receivable | 41 | €6,882 | €5,800 | -€1,082 | -15.7% |
| Cash at bank and in hand | 54/58 | €19,344 | €1,674 | -€17,670 | -91.3% |
| Deferred charges and accrued income | 490/1 | €3,628 | €2,617 | -€1,011 | -27.9% |
| Total equity and liabilities | 10/49 | €161,850 | €142,987 | -€18,863 | -11.7% |
| Equity | 10/15 | €133,699 | €120,068 | -€13,631 | -10.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €59,859 | €59,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €58,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,248 | €41,617 | -€13,631 | -24.7% |
| Amounts payable | 17/49 | €28,151 | €22,919 | -€5,232 | -18.6% |
| Amounts payable within one year | 42/48 | €28,151 | €22,919 | -€5,232 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €9,065 | - | -€9,065 | |
| Financial debts | 43 | - | €3,617 | +€3,617 | |
| Credit institutions | 430/8 | - | €3,617 | +€3,617 | |
| Trade debts | 44 | €4,287 | €4,419 | +€132 | +3.1% |
| Suppliers | 440/4 | €4,287 | €4,419 | +€132 | +3.1% |
| Taxes, remuneration and social security | 45 | €12,808 | €11,800 | -€1,008 | -7.9% |
| Taxes | 450/3 | €2,519 | €4,909 | +€2,390 | +94.9% |
| Remuneration and social security | 454/9 | €10,289 | €6,891 | -€3,398 | -33.0% |
| Other amounts payable | 47/48 | €1,991 | €3,083 | +€1,092 | +54.8% |
| Non-recurring operating income | 76A | €502 | - | -€502 | |
| Remuneration, social security and pensions | 62 | €80,405 | €68,567 | -€11,838 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,342 | €2,958 | -€2,384 | -44.6% |
| Other operating charges | 640/8 | €2,144 | €652 | -€1,492 | -69.6% |
| Gross operating margin | 9900 | €91,756 | €60,447 | -€31,309 | -34.1% |
| Operating profit (loss) | 9901 | €3,865 | -€11,730 | -€15,595 | |
| Financial income | 75/76B | €11 | €1 | -€10 | -90.9% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -90.9% |
| Financial charges | 65/66B | €1,590 | €1,726 | +€136 | +8.6% |
| Recurring financial charges | 65 | €1,590 | €1,726 | +€136 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €2,286 | -€13,455 | -€15,741 | |
| Income taxes | 67/77 | €1,700 | €176 | -€1,524 | -89.6% |
| Profit (loss) for the period | 9904 | €586 | -€13,631 | -€14,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €586 | -€13,631 | -€14,217 |
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 1 October 2026 via checked.be.