CHAPFIX: what changed
Two financial 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.
CHAPFIX
Largest movements
- Cash +€40,018
up €40,018 (+443%), from €9,033 to €49,051
mainly Net result for the year (+€94,743) and Debts after one year (+€65,334)
- Receivables within one year -€32,326
down €32,326 (-25.3%), from €127,607 to €95,281
of which Trade receivables: -€31,448
- Debts after one year +€65,334
up €65,334 (+16.4%), from €399,501 to €464,835
- Profit (loss) carried forward -€49,257
down €49,257 (-30.6%), from €161,067 to €111,810
- Gross operating margin +€22,205
up €22,205 (+16.5%), from €134,866 to €157,071
- Taxes +€14,820
up €14,820 (+60.3%), from €24,576 to €39,396
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.
Derived cash bridge
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 | €643,605 | €651,433 | +€7,828 | +1.2% |
| Fixed assets | 21/28 | €506,165 | €504,720 | -€1,445 | -0.3% |
| Tangible fixed assets | 22/27 | €12,020 | €10,576 | -€1,445 | -12.0% |
| Land and buildings | 22 | €8,533 | €7,396 | -€1,137 | -13.3% |
| Furniture and vehicles | 24 | €3,487 | €3,180 | -€308 | -8.8% |
| Financial fixed assets | 28 | €494,145 | €494,145 | = | 0.0% |
| Current assets | 29/58 | €137,440 | €146,713 | +€9,273 | +6.7% |
| Amounts receivable within one year | 40/41 | €127,607 | €95,281 | -€32,326 | -25.3% |
| Trade receivables | 40 | €121,448 | €90,000 | -€31,448 | -25.9% |
| Other amounts receivable | 41 | €6,158 | €5,281 | -€877 | -14.2% |
| Cash at bank and in hand | 54/58 | €9,033 | €49,051 | +€40,018 | +443% |
| Deferred charges and accrued income | 490/1 | €800 | €2,381 | +€1,581 | +198% |
| Total equity and liabilities | 10/49 | €643,605 | €651,433 | +€7,828 | +1.2% |
| Equity | 10/15 | €164,067 | €114,810 | -€49,257 | -30.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,067 | €111,810 | -€49,257 | -30.6% |
| Amounts payable | 17/49 | €479,538 | €536,624 | +€57,086 | +11.9% |
| Amounts payable after more than one year | 17 | €399,501 | €464,835 | +€65,334 | +16.4% |
| Financial debts | 170/4 | €399,501 | €464,835 | +€65,334 | +16.4% |
| Amounts payable within one year | 42/48 | €70,564 | €65,157 | -€5,406 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €45,999 | €46,000 | +€1 | 0.0% |
| Trade debts | 44 | €1,484 | €161 | -€1,323 | -89.2% |
| Suppliers | 440/4 | €1,484 | €161 | -€1,323 | -89.2% |
| Taxes, remuneration and social security | 45 | €23,080 | €18,996 | -€4,083 | -17.7% |
| Taxes | 450/3 | €23,080 | €18,996 | -€4,083 | -17.7% |
| Accrued charges and deferred income | 492/3 | €9,473 | €6,631 | -€2,842 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,143 | €2,217 | +€75 | +3.5% |
| Other operating charges | 640/8 | €927 | €1,093 | +€166 | +17.9% |
| Gross operating margin | 9900 | €134,866 | €157,071 | +€22,205 | +16.5% |
| Operating profit (loss) | 9901 | €131,797 | €153,761 | +€21,964 | +16.7% |
| Financial income | 75/76B | €127 | €447 | +€321 | +253% |
| Recurring financial income | 75 | €127 | €447 | +€321 | +253% |
| Financial charges | 65/66B | €19,169 | €20,069 | +€900 | +4.7% |
| Recurring financial charges | 65 | €19,169 | €20,069 | +€900 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €112,754 | €134,139 | +€21,385 | +19.0% |
| Income taxes | 67/77 | €24,576 | €39,396 | +€14,820 | +60.3% |
| Profit (loss) for the period | 9904 | €88,178 | €94,743 | +€6,564 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,178 | €94,743 | +€6,564 | +7.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.