CHAPLIN: 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.
CHAPLIN
Largest movements
- Stocks and contracts -€33,735
down €33,735 (-84.6%), from €39,897 to €6,162
- Tangible fixed assets -€14,635
down €14,635 (-3.0%), from €484,341 to €469,707
- Receivables within one year -€8,097
down €8,097 (-44.1%), from €18,352 to €10,255
of which Other amounts receivable: -€10,226
- Cash -€7,306
down €7,306 (-58.5%), from €12,499 to €5,193
mainly Investment in fixed assets (net) (-€35,569) and Debts after one year (-€29,131)
- Deferred charges and accrued income -€6,485
down €6,485 (-64.9%), from €9,985 to €3,501
- Debts after one year -€29,131
down €29,131 (-10.3%), from €281,671 to €252,539
- Reserves -€24,442
down €24,442 (-14.8%), from €164,884 to €140,443
- Other debts -€10,080
down €10,080 (-79.5%), from €12,673 to €2,593
- Trade debts -€8,744
down €8,744 (-16.2%), from €53,992 to €45,248
- Depreciation +€17,389
up €17,389 (+45.0%), from €38,650 to €56,039
- Gross operating margin +€3,867
up €3,867 (+3.1%), from €125,087 to €128,954
- Staff costs -€3,294
down €3,294 (-4.1%), from €80,160 to €76,866
- Financial charges +€1,969
up €1,969 (+13.4%), from €14,679 to €16,647
- Other operating charges -€1,964
down €1,964 (-34.5%), from €5,696 to €3,732
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,228 | €509,136 | -€76,092 | -13.0% |
| Formation expenses | 20 | €19,504 | €13,669 | -€5,835 | -29.9% |
| Fixed assets | 21/28 | €484,991 | €470,357 | -€14,635 | -3.0% |
| Tangible fixed assets | 22/27 | €484,341 | €469,707 | -€14,635 | -3.0% |
| Land and buildings | 22 | €447,903 | €441,465 | -€6,438 | -1.4% |
| Plant, machinery and equipment | 23 | €19,228 | €15,239 | -€3,989 | -20.7% |
| Furniture and vehicles | 24 | €17,210 | €13,002 | -€4,208 | -24.4% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €80,733 | €25,111 | -€55,622 | -68.9% |
| Stocks and contracts in progress | 3 | €39,897 | €6,162 | -€33,735 | -84.6% |
| Stocks | 30/36 | €39,897 | €6,162 | -€33,735 | -84.6% |
| Amounts receivable within one year | 40/41 | €18,352 | €10,255 | -€8,097 | -44.1% |
| Trade receivables | 40 | €2,238 | €4,368 | +€2,130 | +95.2% |
| Other amounts receivable | 41 | €16,114 | €5,888 | -€10,226 | -63.5% |
| Cash at bank and in hand | 54/58 | €12,499 | €5,193 | -€7,306 | -58.5% |
| Deferred charges and accrued income | 490/1 | €9,985 | €3,501 | -€6,485 | -64.9% |
| Total equity and liabilities | 10/49 | €585,228 | €509,136 | -€76,092 | -13.0% |
| Equity | 10/15 | €185,412 | €160,970 | -€24,442 | -13.2% |
| Contributions | 10/11 | €20,528 | €20,528 | = | 0.0% |
| Reserves | 13 | €164,884 | €140,443 | -€24,442 | -14.8% |
| Distributable reserves | 133 | €164,884 | €140,443 | -€24,442 | -14.8% |
| Amounts payable | 17/49 | €399,816 | €348,166 | -€51,650 | -12.9% |
| Amounts payable after more than one year | 17 | €281,671 | €252,539 | -€29,131 | -10.3% |
| Financial debts | 170/4 | €281,671 | €252,539 | -€29,131 | -10.3% |
| Amounts payable within one year | 42/48 | €117,993 | €95,626 | -€22,367 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €32,190 | €29,131 | -€3,059 | -9.5% |
| Trade debts | 44 | €53,992 | €45,248 | -€8,744 | -16.2% |
| Suppliers | 440/4 | €53,992 | €45,248 | -€8,744 | -16.2% |
| Taxes, remuneration and social security | 45 | €19,138 | €18,653 | -€485 | -2.5% |
| Taxes | 450/3 | €4,303 | €3,410 | -€893 | -20.7% |
| Remuneration and social security | 454/9 | €14,836 | €15,244 | +€408 | +2.7% |
| Other amounts payable | 47/48 | €12,673 | €2,593 | -€10,080 | -79.5% |
| Accrued charges and deferred income | 492/3 | €152 | €0 | -€152 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €80,160 | €76,866 | -€3,294 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,650 | €56,039 | +€17,389 | +45.0% |
| Other operating charges | 640/8 | €5,696 | €3,732 | -€1,964 | -34.5% |
| Gross operating margin | 9900 | €125,087 | €128,954 | +€3,867 | +3.1% |
| Operating profit (loss) | 9901 | €581 | -€7,683 | -€8,264 | |
| Financial income | 75/76B | €43 | €4 | -€39 | -91.4% |
| Recurring financial income | 75 | €43 | €4 | -€39 | -91.4% |
| Financial charges | 65/66B | €14,679 | €16,647 | +€1,969 | +13.4% |
| Recurring financial charges | 65 | €14,679 | €16,647 | +€1,969 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,055 | -€24,326 | -€10,271 | -73.1% |
| Income taxes | 67/77 | €89 | €115 | +€26 | +29.5% |
| Profit (loss) for the period | 9904 | -€14,144 | -€24,442 | -€10,298 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,144 | -€24,442 | -€10,298 | -72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.