CHAPEWERKEN SMEETS: what changed
CHAPEWERKEN SMEETS
Largest movements
- Cash +€88,953
up €88,953 (+222%), from €40,046 to €128,999
mainly Depreciation (+€94,941) and Receivables within one year (+€61,243)
- Receivables within one year -€61,243
down €61,243 (-27.2%), from €225,175 to €163,933
of which Trade receivables: -€64,424
- Tangible fixed assets +€41,372
up €41,372 (+14.5%), from €285,620 to €326,992
of which Furniture and vehicles: +€103,271
- Deferred charges and accrued income -€38,422
down €38,422 (-97.1%), from €39,565 to €1,143
- Stocks and contracts -€12,162
down €12,162 (-70.3%), from €17,292 to €5,130
- Accrued charges and deferred income -€63,985
down €63,985 (-60.4%), from €105,860 to €41,875
- Reserves +€48,708
up €48,708 (+21.5%), from €226,561 to €275,270
- Trade debts -€23,548
down €23,548 (-50.7%), from €46,467 to €22,919
- Current portion of long-term debt +€22,706
up €22,706 (+31.0%), from €73,150 to €95,856
- Debts after one year +€22,219
up €22,219 (+15.3%), from €145,363 to €167,582
- Other operating charges -€131,219
down €131,219 (-98.8%), from €132,767 to €1,548
- Gross operating margin -€41,766
down €41,766 (-12.6%), from €331,350 to €289,584
- Staff costs -€35,606
down €35,606 (-34.3%), from €103,946 to €68,340
- Taxes +€26,026
up €26,026 (+14,126%), from €184 to €26,210
- Depreciation +€4,284
up €4,284 (+4.7%), from €90,657 to €94,941
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 | €611,449 | €629,947 | +€18,498 | +3.0% |
| Fixed assets | 21/28 | €289,370 | €330,742 | +€41,372 | +14.3% |
| Tangible fixed assets | 22/27 | €285,620 | €326,992 | +€41,372 | +14.5% |
| Plant, machinery and equipment | 23 | €29,639 | €24,860 | -€4,779 | -16.1% |
| Furniture and vehicles | 24 | €84,620 | €187,892 | +€103,271 | +122% |
| Leasing and similar rights | 25 | €171,360 | €114,240 | -€57,120 | -33.3% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €322,079 | €299,205 | -€22,875 | -7.1% |
| Stocks and contracts in progress | 3 | €17,292 | €5,130 | -€12,162 | -70.3% |
| Stocks | 30/36 | €17,292 | €5,130 | -€12,162 | -70.3% |
| Amounts receivable within one year | 40/41 | €225,175 | €163,933 | -€61,243 | -27.2% |
| Trade receivables | 40 | €194,725 | €130,302 | -€64,424 | -33.1% |
| Other amounts receivable | 41 | €30,450 | €33,631 | +€3,181 | +10.4% |
| Cash at bank and in hand | 54/58 | €40,046 | €128,999 | +€88,953 | +222% |
| Deferred charges and accrued income | 490/1 | €39,565 | €1,143 | -€38,422 | -97.1% |
| Total equity and liabilities | 10/49 | €611,449 | €629,947 | +€18,498 | +3.0% |
| Equity | 10/15 | €233,273 | €293,870 | +€60,597 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,561 | €275,270 | +€48,708 | +21.5% |
| Distributable reserves | 133 | €226,561 | €275,270 | +€48,708 | +21.5% |
| Profit (loss) carried forward | 14 | -€11,888 | €0 | +€11,888 | |
| Amounts payable | 17/49 | €378,176 | €336,077 | -€42,099 | -11.1% |
| Amounts payable after more than one year | 17 | €145,363 | €167,582 | +€22,219 | +15.3% |
| Financial debts | 170/4 | €145,363 | €167,582 | +€22,219 | +15.3% |
| Amounts payable within one year | 42/48 | €126,953 | €126,621 | -€333 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €73,150 | €95,856 | +€22,706 | +31.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,467 | €22,919 | -€23,548 | -50.7% |
| Suppliers | 440/4 | €46,467 | €22,919 | -€23,548 | -50.7% |
| Taxes, remuneration and social security | 45 | €6,317 | €7,845 | +€1,528 | +24.2% |
| Taxes | 450/3 | €127 | €5,281 | +€5,154 | +4,059% |
| Remuneration and social security | 454/9 | €6,190 | €2,564 | -€3,626 | -58.6% |
| Other amounts payable | 47/48 | €1,019 | €0 | -€1,019 | -100% |
| Accrued charges and deferred income | 492/3 | €105,860 | €41,875 | -€63,985 | -60.4% |
| Non-recurring operating income | 76A | - | €15,583 | +€15,583 | |
| Remuneration, social security and pensions | 62 | €103,946 | €68,340 | -€35,606 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,657 | €94,941 | +€4,284 | +4.7% |
| Other operating charges | 640/8 | €132,767 | €1,548 | -€131,219 | -98.8% |
| Non-recurring operating charges | 66A | €0 | €18,324 | +€18,324 | |
| Gross operating margin | 9900 | €331,350 | €289,584 | -€41,766 | -12.6% |
| Operating profit (loss) | 9901 | €3,980 | €106,431 | +€102,451 | +2,574% |
| Financial income | 75/76B | €6 | €82 | +€76 | +1,198% |
| Recurring financial income | 75 | €6 | €82 | +€76 | +1,198% |
| Financial charges | 65/66B | €15,691 | €19,706 | +€4,015 | +25.6% |
| Recurring financial charges | 65 | €15,691 | €19,706 | +€4,015 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,704 | €86,807 | +€98,511 | |
| Income taxes | 67/77 | €184 | €26,210 | +€26,026 | +14,126% |
| Profit (loss) for the period | 9904 | -€11,888 | €60,597 | +€72,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,888 | €60,597 | +€72,485 |
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 6 November 2026 via checked.be.