CHAPL&CO: what changed
Two fiscal 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.
CHAPL&CO
Largest movements
- Tangible fixed assets -€158,399
down €158,399 (-18.2%), from €869,729 to €711,330
of which Plant, machinery and equipment: -€94,667
- Receivables within one year -€65,805
down €65,805 (-45.4%), from €144,909 to €79,104
of which Trade receivables: -€76,866
- Cash -€51,666
down €51,666 (-43.5%), from €118,856 to €67,190
mainly Net result for the year (-€110,673) and Debts after one year (-€89,320)
- Stocks and contracts +€42,403
up €42,403 (+15.1%), from €280,361 to €322,764
- Deferred charges and accrued income -€15,035
down €15,035 (-73.1%), from €20,562 to €5,527
- Profit (loss) carried forward -€110,673
down €110,673, from €82,261 to -€28,412
- Debts after one year -€89,320
down €89,320 (-18.9%), from €471,688 to €382,368
of which Financial debts: -€89,320
- Trade debts -€48,821
down €48,821 (-7.9%), from €619,861 to €571,041
- Tax, wage and social debts -€20,974
down €20,974 (-47.2%), from €44,402 to €23,428
of which Remuneration and social security: -€15,848
- Gross operating margin -€53,931
down €53,931 (-13.3%), from €404,006 to €350,075
- Staff costs -€45,890
down €45,890 (-17.3%), from €265,120 to €219,230
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.
Cash bridge derived
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 | €1,469,199 | €1,202,829 | -€266,371 | -18.1% |
| Formation expenses | 20 | €25,854 | €16,551 | -€9,302 | -36.0% |
| Fixed assets | 21/28 | €878,658 | €711,693 | -€166,966 | -19.0% |
| Tangible fixed assets | 22/27 | €869,729 | €711,330 | -€158,399 | -18.2% |
| Plant, machinery and equipment | 23 | €651,732 | €557,065 | -€94,667 | -14.5% |
| Furniture and vehicles | 24 | €92,803 | €45,040 | -€47,763 | -51.5% |
| Other tangible fixed assets | 26 | €125,194 | €109,225 | -€15,969 | -12.8% |
| Financial fixed assets | 28 | €8,929 | €363 | -€8,566 | -95.9% |
| Current assets | 29/58 | €564,687 | €474,585 | -€90,103 | -16.0% |
| Stocks and contracts in progress | 3 | €280,361 | €322,764 | +€42,403 | +15.1% |
| Stocks | 30/36 | €280,361 | €322,764 | +€42,403 | +15.1% |
| Amounts receivable within one year | 40/41 | €144,909 | €79,104 | -€65,805 | -45.4% |
| Trade receivables | 40 | €135,829 | €58,964 | -€76,866 | -56.6% |
| Other amounts receivable | 41 | €9,080 | €20,141 | +€11,061 | +121.8% |
| Cash at bank and in hand | 54/58 | €118,856 | €67,190 | -€51,666 | -43.5% |
| Deferred charges and accrued income | 490/1 | €20,562 | €5,527 | -€15,035 | -73.1% |
| Total equity and liabilities | 10/49 | €1,469,199 | €1,202,829 | -€266,371 | -18.1% |
| Equity | 10/15 | €201,324 | €90,652 | -€110,673 | -55.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €56,563 | €56,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €50,313 | €50,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,261 | -€28,412 | -€110,673 | |
| Amounts payable | 17/49 | €1,267,875 | €1,112,177 | -€155,698 | -12.3% |
| Amounts payable after more than one year | 17 | €471,688 | €382,368 | -€89,320 | -18.9% |
| Financial debts | 170/4 | €467,888 | €378,568 | -€89,320 | -19.1% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €795,600 | €729,318 | -€66,282 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €103,256 | €107,907 | +€4,651 | +4.5% |
| Financial debts | 43 | - | €5,496 | +€5,496 | |
| Credit institutions | 430/8 | - | €5,496 | +€5,496 | |
| Trade debts | 44 | €619,861 | €571,041 | -€48,821 | -7.9% |
| Suppliers | 440/4 | €619,861 | €571,041 | -€48,821 | -7.9% |
| Taxes, remuneration and social security | 45 | €44,402 | €23,428 | -€20,974 | -47.2% |
| Taxes | 450/3 | €5,747 | €621 | -€5,126 | -89.2% |
| Remuneration and social security | 454/9 | €38,655 | €22,807 | -€15,848 | -41.0% |
| Other amounts payable | 47/48 | €28,081 | €21,446 | -€6,635 | -23.6% |
| Accrued charges and deferred income | 492/3 | €588 | €491 | -€96 | -16.4% |
| Non-recurring operating income | 76A | €30 | €160,511 | +€160,481 | +534938.3% |
| Remuneration, social security and pensions | 62 | €265,120 | €219,230 | -€45,890 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,353 | €177,421 | +€3,068 | +1.8% |
| Other operating charges | 640/8 | €18,355 | €21,436 | +€3,081 | +16.8% |
| Non-recurring operating charges | 66A | €23,043 | €2,058 | -€20,985 | -91.1% |
| Gross operating margin | 9900 | €404,006 | €350,075 | -€53,931 | -13.3% |
| Operating profit (loss) | 9901 | -€76,866 | -€70,071 | +€6,795 | +8.8% |
| Financial income | 75/76B | €4,695 | €7,010 | +€2,314 | +49.3% |
| Recurring financial income | 75 | €4,695 | €7,010 | +€2,314 | +49.3% |
| Financial charges | 65/66B | €46,370 | €46,995 | +€625 | +1.3% |
| Recurring financial charges | 65 | €28,601 | €38,249 | +€9,647 | +33.7% |
| Non-recurring financial charges | 66B | €17,769 | €8,747 | -€9,022 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€118,541 | -€110,056 | +€8,485 | +7.2% |
| Income taxes | 67/77 | €452 | €617 | +€165 | +36.5% |
| Profit (loss) for the period | 9904 | -€118,993 | -€110,673 | +€8,320 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,993 | -€110,673 | +€8,320 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.