CHAP - IM: 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.
CHAP - IM
Largest movements
- Tangible fixed assets -€47,856
down €47,856 (-2.5%), from €1.9m to €1.9m
of which Land and buildings: -€45,338
- Debts after one year -€58,585
down €58,585 (-8.3%), from €706,019 to €647,434
- Other debts +€32,283
up €32,283 (+23.0%), from €140,435 to €172,718
- Reserves -€21,933
down €21,933 (-3.8%), from €571,341 to €549,408
of which Tax-exempt reserves: -€21,933
- Gross operating margin +€6,719
up €6,719 (+7.2%), from €92,873 to €99,591
- Financial charges -€4,250
down €4,250 (-17.4%), from €24,424 to €20,175
- Depreciation +€2,695
up €2,695 (+3.5%), from €76,985 to €79,681
- Taxes +€1,059
up €1,059 (+42.8%), from €2,474 to €3,533
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 | €1,955,096 | €1,907,072 | -€48,024 | -2.5% |
| Fixed assets | 21/28 | €1,905,264 | €1,857,408 | -€47,856 | -2.5% |
| Tangible fixed assets | 22/27 | €1,905,264 | €1,857,408 | -€47,856 | -2.5% |
| Land and buildings | 22 | €1,894,023 | €1,848,686 | -€45,338 | -2.4% |
| Plant, machinery and equipment | 23 | €8,752 | €6,953 | -€1,800 | -20.6% |
| Furniture and vehicles | 24 | €2,488 | €1,770 | -€718 | -28.9% |
| Current assets | 29/58 | €49,832 | €49,663 | -€169 | -0.3% |
| Amounts receivable within one year | 40/41 | €21,000 | €38,500 | +€17,500 | +83.3% |
| Other amounts receivable | 41 | €21,000 | €38,500 | +€17,500 | +83.3% |
| Cash at bank and in hand | 54/58 | €24,672 | €10,090 | -€14,583 | -59.1% |
| Deferred charges and accrued income | 490/1 | €4,160 | €1,074 | -€3,086 | -74.2% |
| Total equity and liabilities | 10/49 | €1,955,096 | €1,907,072 | -€48,024 | -2.5% |
| Equity | 10/15 | €810,075 | €801,925 | -€8,150 | -1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €571,341 | €549,408 | -€21,933 | -3.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €561,341 | €539,408 | -€21,933 | -3.9% |
| Profit (loss) carried forward | 14 | €138,734 | €152,517 | +€13,783 | +9.9% |
| Provisions and deferred taxes | 16 | €229,758 | €220,509 | -€9,249 | -4.0% |
| Deferred taxes | 168 | €229,758 | €220,509 | -€9,249 | -4.0% |
| Amounts payable | 17/49 | €915,263 | €884,638 | -€30,625 | -3.3% |
| Amounts payable after more than one year | 17 | €706,019 | €647,434 | -€58,585 | -8.3% |
| Financial debts | 170/4 | €706,019 | €647,434 | -€58,585 | -8.3% |
| Amounts payable within one year | 42/48 | €208,340 | €236,305 | +€27,964 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €58,472 | €59,439 | +€966 | +1.7% |
| Trade debts | 44 | €5,996 | €1,267 | -€4,728 | -78.9% |
| Suppliers | 440/4 | €5,996 | €1,267 | -€4,728 | -78.9% |
| Taxes, remuneration and social security | 45 | €3,437 | €2,881 | -€556 | -16.2% |
| Taxes | 450/3 | €3,437 | €2,881 | -€556 | -16.2% |
| Other amounts payable | 47/48 | €140,435 | €172,718 | +€32,283 | +23.0% |
| Accrued charges and deferred income | 492/3 | €904 | €900 | -€4 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,985 | €79,681 | +€2,695 | +3.5% |
| Other operating charges | 640/8 | €13,209 | €13,623 | +€413 | +3.1% |
| Gross operating margin | 9900 | €92,873 | €99,591 | +€6,719 | +7.2% |
| Operating profit (loss) | 9901 | €2,678 | €6,288 | +€3,610 | +134.8% |
| Financial income | 75/76B | €403 | €20 | -€382 | -95.0% |
| Recurring financial income | 75 | €403 | €20 | -€382 | -95.0% |
| Financial charges | 65/66B | €24,424 | €20,175 | -€4,250 | -17.4% |
| Recurring financial charges | 65 | €24,424 | €20,175 | -€4,250 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,344 | -€13,866 | +€7,478 | +35.0% |
| Transfer from deferred taxes | 780 | €9,249 | €9,249 | = | 0.0% |
| Income taxes | 67/77 | €2,474 | €3,533 | +€1,059 | +42.8% |
| Profit (loss) for the period | 9904 | -€14,568 | -€8,150 | +€6,418 | +44.1% |
| Transfer from tax-exempt reserves | 789 | €21,933 | €21,933 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,365 | €13,783 | +€6,418 | +87.1% |
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 5 October 2026 via checked.be.