CHAPEG: 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.
CHAPEG
Largest movements
- Tangible fixed assets -€17,663
down €17,663 (-34.8%), from €50,740 to €33,077
of which Furniture and vehicles: -€11,398
- Receivables within one year +€1,114
up €1,114 (+15.3%), from €7,300 to €8,415
- Cash -€767
down €767 (-6.4%), from €12,026 to €11,259
mainly Net result for the year (-€11,441) and Current portion of long-term debt (-€2,226)
- Profit (loss) carried forward -€11,441
down €11,441 (-122.5%), from -€9,343 to -€20,784
- Current portion of long-term debt -€2,226
down €2,226 (-40.0%), from €5,562 to €3,336
- Debts after one year -€2,130
down €2,130 (-20.1%), from €10,589 to €8,458
- Trade debts -€1,380
down €1,380 (-96.2%), from €1,434 to €54
- Gross operating margin -€13,466
down €13,466 (-59.0%), from €22,813 to €9,347
- Depreciation +€1,312
up €1,312 (+8.0%), from €16,351 to €17,663
- Financial charges +€1,004
up €1,004 (+192.9%), from €520 to €1,524
- Other operating charges -€382
down €382 (-17.0%), from €2,241 to €1,859
- Financial income +€267
up €267 (+168.3%), from €159 to €426
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 | €71,028 | €53,736 | -€17,292 | -24.3% |
| Fixed assets | 21/28 | €50,740 | €33,077 | -€17,663 | -34.8% |
| Tangible fixed assets | 22/27 | €50,740 | €33,077 | -€17,663 | -34.8% |
| Land and buildings | 22 | €75 | €50 | -€25 | -33.3% |
| Furniture and vehicles | 24 | €27,373 | €15,975 | -€11,398 | -41.6% |
| Other tangible fixed assets | 26 | €23,292 | €17,053 | -€6,240 | -26.8% |
| Current assets | 29/58 | €20,288 | €20,659 | +€371 | +1.8% |
| Amounts receivable within one year | 40/41 | €7,300 | €8,415 | +€1,114 | +15.3% |
| Other amounts receivable | 41 | €7,300 | €8,415 | +€1,114 | +15.3% |
| Cash at bank and in hand | 54/58 | €12,026 | €11,259 | -€767 | -6.4% |
| Deferred charges and accrued income | 490/1 | €961 | €985 | +€24 | +2.5% |
| Total equity and liabilities | 10/49 | €71,028 | €53,736 | -€17,292 | -24.3% |
| Equity | 10/15 | €53,104 | €41,663 | -€11,441 | -21.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €447 | €447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €447 | €447 | = | 0.0% |
| Reserves not available under the articles | 1311 | €447 | €447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,343 | -€20,784 | -€11,441 | -122.5% |
| Amounts payable | 17/49 | €17,924 | €12,073 | -€5,851 | -32.6% |
| Amounts payable after more than one year | 17 | €10,589 | €8,458 | -€2,130 | -20.1% |
| Financial debts | 170/4 | €10,589 | €8,458 | -€2,130 | -20.1% |
| Amounts payable within one year | 42/48 | €7,335 | €3,614 | -€3,721 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €5,562 | €3,336 | -€2,226 | -40.0% |
| Trade debts | 44 | €1,434 | €54 | -€1,380 | -96.2% |
| Suppliers | 440/4 | €1,434 | €54 | -€1,380 | -96.2% |
| Taxes, remuneration and social security | 45 | €339 | €224 | -€115 | -33.9% |
| Taxes | 450/3 | €339 | €224 | -€115 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,351 | €17,663 | +€1,312 | +8.0% |
| Other operating charges | 640/8 | €2,241 | €1,859 | -€382 | -17.0% |
| Gross operating margin | 9900 | €22,813 | €9,347 | -€13,466 | -59.0% |
| Operating profit (loss) | 9901 | €4,221 | -€10,175 | -€14,396 | |
| Financial income | 75/76B | €159 | €426 | +€267 | +168.3% |
| Recurring financial income | 75 | €159 | €426 | +€267 | +168.3% |
| Financial charges | 65/66B | €520 | €1,524 | +€1,004 | +192.9% |
| Recurring financial charges | 65 | €520 | €1,524 | +€1,004 | +192.9% |
| Profit (loss) for the period before taxes | 9903 | €3,859 | -€11,273 | -€15,133 | |
| Income taxes | 67/77 | €282 | €167 | -€115 | -40.7% |
| Profit (loss) for the period | 9904 | €3,577 | -€11,441 | -€15,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,577 | -€11,441 | -€15,018 |
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 4 October 2026 via checked.be.