CHAPEWERKEN VERTESSEN: what changed
CHAPEWERKEN VERTESSEN
Largest movements
- Tangible fixed assets -€63,474
down €63,474 (-16.9%), from €374,831 to €311,357
of which Leasing and similar rights: -€51,351
- Cash +€35,978
new in 2025: €35,978
mainly Depreciation (+€64,751) and Net result for the year (+€50,621)
- Stocks and contracts -€20,140
no longer reported in 2025 (was €20,140)
- Deferred charges and accrued income -€14,440
down €14,440 (-58.4%), from €24,727 to €10,287
- Debts after one year -€82,949
down €82,949 (-23.4%), from €354,337 to €271,388
- Reserves +€42,992
up €42,992 (+396%), from €10,860 to €53,852
of which Distributable reserves: +€42,992
- Short-term financial debts -€15,125
no longer reported in 2025 (was €15,125)
- Other debts -€14,674
no longer reported in 2025 (was €14,674)
- Tax, wage and social debts +€13,311
up €13,311 (+177%), from €7,539 to €20,850
of which Taxes: +€19,868
- Gross operating margin +€39,765
up €39,765 (+15.9%), from €250,530 to €290,295
- Staff costs -€38,436
down €38,436 (-23.6%), from €162,869 to €124,432
- Taxes +€19,868
up €19,868 (+2,024%), from €982 to €20,850
- Other operating charges +€4,422
up €4,422 (+158%), from €2,795 to €7,216
- Depreciation -€3,688
down €3,688 (-5.4%), from €68,439 to €64,751
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 | €576,582 | €516,633 | -€59,949 | -10.4% |
| Fixed assets | 21/28 | €374,831 | €311,357 | -€63,474 | -16.9% |
| Tangible fixed assets | 22/27 | €374,831 | €311,357 | -€63,474 | -16.9% |
| Land and buildings | 22 | €33,628 | €25,820 | -€7,808 | -23.2% |
| Plant, machinery and equipment | 23 | €7,061 | €4,976 | -€2,084 | -29.5% |
| Furniture and vehicles | 24 | €4,642 | €2,412 | -€2,230 | -48.0% |
| Leasing and similar rights | 25 | €329,500 | €278,149 | -€51,351 | -15.6% |
| Current assets | 29/58 | €201,751 | €205,276 | +€3,525 | +1.7% |
| Stocks and contracts in progress | 3 | €20,140 | - | -€20,140 | |
| Stocks | 30/36 | €20,140 | - | -€20,140 | |
| Amounts receivable within one year | 40/41 | €156,884 | €159,010 | +€2,126 | +1.4% |
| Trade receivables | 40 | €41,031 | €49,238 | +€8,207 | +20.0% |
| Other amounts receivable | 41 | €115,853 | €109,772 | -€6,081 | -5.2% |
| Cash at bank and in hand | 54/58 | - | €35,978 | +€35,978 | |
| Deferred charges and accrued income | 490/1 | €24,727 | €10,287 | -€14,440 | -58.4% |
| Total equity and liabilities | 10/49 | €576,582 | €516,633 | -€59,949 | -10.4% |
| Equity | 10/15 | €21,831 | €72,452 | +€50,621 | +232% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €53,852 | +€42,992 | +396% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €44,852 | +€42,992 | +2,311% |
| Profit (loss) carried forward | 14 | -€7,629 | - | +€7,629 | |
| Amounts payable | 17/49 | €554,751 | €444,182 | -€110,569 | -19.9% |
| Amounts payable after more than one year | 17 | €354,337 | €271,388 | -€82,949 | -23.4% |
| Financial debts | 170/4 | €354,337 | €271,388 | -€82,949 | -23.4% |
| Amounts payable within one year | 42/48 | €200,414 | €172,794 | -€27,620 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €87,776 | €82,949 | -€4,827 | -5.5% |
| Financial debts | 43 | €15,125 | - | -€15,125 | |
| Credit institutions | 430/8 | €15,125 | - | -€15,125 | |
| Trade debts | 44 | €75,299 | €68,995 | -€6,305 | -8.4% |
| Suppliers | 440/4 | €75,299 | €68,995 | -€6,305 | -8.4% |
| Taxes, remuneration and social security | 45 | €7,539 | €20,850 | +€13,311 | +177% |
| Taxes | 450/3 | €982 | €20,850 | +€19,868 | +2,024% |
| Remuneration and social security | 454/9 | €6,558 | - | -€6,558 | |
| Other amounts payable | 47/48 | €14,674 | - | -€14,674 | |
| Non-recurring operating income | 76A | - | €100,000 | +€100,000 | |
| Remuneration, social security and pensions | 62 | €162,869 | €124,432 | -€38,436 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,439 | €64,751 | -€3,688 | -5.4% |
| Other operating charges | 640/8 | €2,795 | €7,216 | +€4,422 | +158% |
| Gross operating margin | 9900 | €250,530 | €290,295 | +€39,765 | +15.9% |
| Operating profit (loss) | 9901 | €16,428 | €93,896 | +€77,468 | +472% |
| Financial income | 75/76B | €1,849 | €50 | -€1,799 | -97.3% |
| Recurring financial income | 75 | €1,849 | €50 | -€1,799 | -97.3% |
| Financial charges | 65/66B | €23,089 | €22,475 | -€613 | -2.7% |
| Recurring financial charges | 65 | €23,089 | €22,475 | -€613 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,812 | €71,471 | +€76,283 | |
| Income taxes | 67/77 | €982 | €20,850 | +€19,868 | +2,024% |
| Profit (loss) for the period | 9904 | -€5,794 | €50,621 | +€56,414 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,794 | €50,621 | +€56,414 |
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 2 November 2026 via checked.be.