Chapewerken Nico: what changed
Chapewerken Nico
Largest movements
- Cash -€107,130
down €107,130 (-98.0%), from €109,334 to €2,204
mainly Investment in fixed assets (net) (-€164,277) and Other debts (-€72,745)
- Tangible fixed assets +€78,365
up €78,365 (+32.7%), from €239,511 to €317,876
of which Furniture and vehicles: +€79,483
- Stocks and contracts +€39,056
up €39,056 (+67.9%), from €57,511 to €96,567
of which Contracts in progress: +€20,656
- Receivables within one year +€17,059
up €17,059 (+3.8%), from €450,120 to €467,178
of which Trade receivables: +€18,562
- Other debts -€72,745
down €72,745 (-88.8%), from €81,894 to €9,149
- Trade debts +€61,467
up €61,467 (+44.4%), from €138,587 to €200,054
- Short-term financial debts -€50,000
down €50,000 (-14.3%), from €350,000 to €300,000
- Current portion of long-term debt +€45,936
up €45,936 (+101%), from €45,547 to €91,484
- Debts after one year +€40,446
up €40,446 (+67.3%), from €60,114 to €100,561
- Staff costs +€105,584
up €105,584 (+21.4%), from €493,062 to €598,646
- Gross operating margin +€18,895
up €18,895 (+2.7%), from €698,150 to €717,046
- Taxes -€16,731
down €16,731 (-88.0%), from €19,010 to €2,280
- Depreciation +€10,660
up €10,660 (+14.2%), from €75,252 to €85,912
- Financial income -€7,390
down €7,390 (-46.4%), from €15,917 to €8,527
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €868,206 | €897,159 | +€28,953 | +3.3% |
| Fixed assets | 21/28 | €239,511 | €317,876 | +€78,365 | +32.7% |
| Tangible fixed assets | 22/27 | €239,511 | €317,876 | +€78,365 | +32.7% |
| Plant, machinery and equipment | 23 | €21,261 | €20,142 | -€1,118 | -5.3% |
| Furniture and vehicles | 24 | €218,251 | €297,734 | +€79,483 | +36.4% |
| Current assets | 29/58 | €628,695 | €579,283 | -€49,412 | -7.9% |
| Stocks and contracts in progress | 3 | €57,511 | €96,567 | +€39,056 | +67.9% |
| Stocks | 30/36 | €40,167 | €58,567 | +€18,400 | +45.8% |
| Contracts in progress | 37 | €17,344 | €38,000 | +€20,656 | +119% |
| Amounts receivable within one year | 40/41 | €450,120 | €467,178 | +€17,059 | +3.8% |
| Trade receivables | 40 | €412,725 | €431,287 | +€18,562 | +4.5% |
| Other amounts receivable | 41 | €37,394 | €35,891 | -€1,503 | -4.0% |
| Cash at bank and in hand | 54/58 | €109,334 | €2,204 | -€107,130 | -98.0% |
| Deferred charges and accrued income | 490/1 | €11,730 | €13,334 | +€1,603 | +13.7% |
| Total equity and liabilities | 10/49 | €868,206 | €897,159 | +€28,953 | +3.3% |
| Equity | 10/15 | €170,849 | €174,360 | +€3,511 | +2.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €145,849 | €149,360 | +€3,511 | +2.4% |
| Distributable reserves | 133 | €145,849 | €149,360 | +€3,511 | +2.4% |
| Amounts payable | 17/49 | €697,358 | €722,799 | +€25,441 | +3.6% |
| Amounts payable after more than one year | 17 | €60,114 | €100,561 | +€40,446 | +67.3% |
| Financial debts | 170/4 | €60,114 | €100,561 | +€40,446 | +67.3% |
| Amounts payable within one year | 42/48 | €637,244 | €622,238 | -€15,005 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €45,547 | €91,484 | +€45,936 | +101% |
| Financial debts | 43 | €350,000 | €300,000 | -€50,000 | -14.3% |
| Credit institutions | 430/8 | €350,000 | €300,000 | -€50,000 | -14.3% |
| Trade debts | 44 | €138,587 | €200,054 | +€61,467 | +44.4% |
| Suppliers | 440/4 | €138,587 | €200,054 | +€61,467 | +44.4% |
| Taxes, remuneration and social security | 45 | €21,216 | €21,552 | +€336 | +1.6% |
| Taxes | 450/3 | €9,144 | €9,010 | -€133 | -1.5% |
| Remuneration and social security | 454/9 | €12,072 | €12,541 | +€469 | +3.9% |
| Other amounts payable | 47/48 | €81,894 | €9,149 | -€72,745 | -88.8% |
| Remuneration, social security and pensions | 62 | €493,062 | €598,646 | +€105,584 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,252 | €85,912 | +€10,660 | +14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,100 | - | -€5,100 | |
| Other operating charges | 640/8 | €4,424 | €3,786 | -€638 | -14.4% |
| Gross operating margin | 9900 | €698,150 | €717,046 | +€18,895 | +2.7% |
| Operating profit (loss) | 9901 | €120,312 | €28,701 | -€91,611 | -76.1% |
| Financial income | 75/76B | €15,917 | €8,527 | -€7,390 | -46.4% |
| Recurring financial income | 75 | €15,917 | €8,527 | -€7,390 | -46.4% |
| Financial charges | 65/66B | €38,640 | €31,437 | -€7,203 | -18.6% |
| Recurring financial charges | 65 | €38,640 | €31,437 | -€7,203 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €97,589 | €5,791 | -€91,798 | -94.1% |
| Income taxes | 67/77 | €19,010 | €2,280 | -€16,731 | -88.0% |
| Profit (loss) for the period | 9904 | €78,578 | €3,511 | -€75,067 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,578 | €3,511 | -€75,067 | -95.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.