CHAPHI: 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.
CHAPHI
Largest movements
- Tangible fixed assets +€90,533
up €90,533 (+25.6%), from €353,108 to €443,641
of which Assets under construction and advance payments: +€72,550
- Cash +€57,600
up €57,600 (+246%), from €23,385 to €80,985
mainly Other debts (+€72,659) and Depreciation (+€46,251)
- Receivables within one year -€26,419
down €26,419 (-79.7%), from €33,158 to €6,739
of which Other amounts receivable: -€17,177
- Other debts +€72,659
up €72,659 (+86.7%), from €83,852 to €156,511
- Debts after one year +€39,458
up €39,458 (+17.1%), from €230,542 to €270,000
- Tax, wage and social debts +€12,085
up €12,085 (+357%), from €3,386 to €15,471
of which Taxes: +€11,972
- Trade debts -€10,917
down €10,917 (-31.6%), from €34,500 to €23,583
- Current portion of long-term debt +€6,035
up €6,035 (+22.3%), from €27,057 to €33,092
- Depreciation +€31,212
up €31,212 (+208%), from €15,039 to €46,251
- Gross operating margin +€24,320
up €24,320 (+39.7%), from €61,257 to €85,577
- Staff costs +€10,111
new in 2022: €10,111
- Financial charges +€3,881
up €3,881 (+78.1%), from €4,971 to €8,852
- Other operating charges +€1,264
up €1,264 (+94.3%), from €1,340 to €2,604
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,190 | €542,490 | +€124,300 | +29.7% |
| Fixed assets | 21/28 | €359,108 | €449,641 | +€90,533 | +25.2% |
| Tangible fixed assets | 22/27 | €353,108 | €443,641 | +€90,533 | +25.6% |
| Plant, machinery and equipment | 23 | €348,257 | €355,964 | +€7,707 | +2.2% |
| Furniture and vehicles | 24 | €4,851 | €15,127 | +€10,276 | +212% |
| Assets under construction and advance payments | 27 | - | €72,550 | +€72,550 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €59,082 | €92,849 | +€33,767 | +57.2% |
| Stocks and contracts in progress | 3 | €2,234 | €4,613 | +€2,379 | +106% |
| Stocks | 30/36 | €2,234 | €4,613 | +€2,379 | +106% |
| Amounts receivable within one year | 40/41 | €33,158 | €6,739 | -€26,419 | -79.7% |
| Trade receivables | 40 | €9,242 | - | -€9,242 | |
| Other amounts receivable | 41 | €23,916 | €6,739 | -€17,177 | -71.8% |
| Cash at bank and in hand | 54/58 | €23,385 | €80,985 | +€57,600 | +246% |
| Deferred charges and accrued income | 490/1 | €305 | €512 | +€207 | +67.9% |
| Total equity and liabilities | 10/49 | €418,190 | €542,490 | +€124,300 | +29.7% |
| Equity | 10/15 | €38,123 | €42,800 | +€4,677 | +12.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,123 | €32,800 | +€4,677 | +16.6% |
| Amounts payable | 17/49 | €380,067 | €499,690 | +€119,623 | +31.5% |
| Amounts payable after more than one year | 17 | €230,542 | €270,000 | +€39,458 | +17.1% |
| Financial debts | 170/4 | €230,542 | €270,000 | +€39,458 | +17.1% |
| Amounts payable within one year | 42/48 | €149,525 | €229,690 | +€80,165 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €27,057 | €33,092 | +€6,035 | +22.3% |
| Trade debts | 44 | €34,500 | €23,583 | -€10,917 | -31.6% |
| Suppliers | 440/4 | €34,500 | €23,583 | -€10,917 | -31.6% |
| Advances received on contracts in progress | 46 | €730 | €1,033 | +€303 | +41.5% |
| Taxes, remuneration and social security | 45 | €3,386 | €15,471 | +€12,085 | +357% |
| Taxes | 450/3 | €3,386 | €15,358 | +€11,972 | +354% |
| Remuneration and social security | 454/9 | - | €113 | +€113 | |
| Other amounts payable | 47/48 | €83,852 | €156,511 | +€72,659 | +86.7% |
| Remuneration, social security and pensions | 62 | - | €10,111 | +€10,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,039 | €46,251 | +€31,212 | +208% |
| Other operating charges | 640/8 | €1,340 | €2,604 | +€1,264 | +94.3% |
| Gross operating margin | 9900 | €61,257 | €85,577 | +€24,320 | +39.7% |
| Operating profit (loss) | 9901 | €44,878 | €26,611 | -€18,267 | -40.7% |
| Financial income | 75/76B | €54 | €16 | -€38 | -70.4% |
| Recurring financial income | 75 | €54 | €16 | -€38 | -70.4% |
| Financial charges | 65/66B | €4,971 | €8,852 | +€3,881 | +78.1% |
| Recurring financial charges | 65 | €4,971 | €8,852 | +€3,881 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €39,961 | €17,775 | -€22,186 | -55.5% |
| Income taxes | 67/77 | €11,838 | €13,098 | +€1,260 | +10.6% |
| Profit (loss) for the period | 9904 | €28,123 | €4,677 | -€23,446 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,123 | €4,677 | -€23,446 | -83.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.