CHAPUNGU BEHEER: 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.
CHAPUNGU BEHEER
Largest movements
- Financial fixed assets +€2.6m
up €2.6m (+29.9%), from €8.7m to €11.3m
- Tangible fixed assets -€248,273
down €248,273 (-27.9%), from €890,960 to €642,687
- Cash -€139,067
down €139,067 (-28.5%), from €487,453 to €348,385
mainly Investment in fixed assets (net) (-€2.4m) and Receivables within one year (-€83,080)
- Debts after one year +€1.8m
up €1.8m (+24.6%), from €7.1m to €8.9m
- Profit (loss) carried forward +€332,779
up €332,779 (+15.5%), from €2.1m to €2.5m
- Other debts +€191,541
up €191,541 (+78.3%), from €244,609 to €436,151
- Gross operating margin -€523,309
down €523,309 (-44.9%), from €1.2m to €641,136
- Taxes -€170,991
down €170,991 (-62.9%), from €271,716 to €100,724
- Financial charges +€133,739
up €133,739 (+181%), from €73,904 to €207,643
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 | €10,263,263 | €12,559,002 | +€2.3m | +22.4% |
| Fixed assets | 21/28 | €9,591,960 | €11,943,687 | +€2.4m | +24.5% |
| Tangible fixed assets | 22/27 | €890,960 | €642,687 | -€248,273 | -27.9% |
| Land and buildings | 22 | €890,960 | €642,687 | -€248,273 | -27.9% |
| Financial fixed assets | 28 | €8,701,000 | €11,301,000 | +€2.6m | +29.9% |
| Current assets | 29/58 | €671,302 | €615,315 | -€55,987 | -8.3% |
| Amounts receivable within one year | 40/41 | €183,850 | €266,930 | +€83,080 | +45.2% |
| Trade receivables | 40 | - | €58,080 | +€58,080 | |
| Other amounts receivable | 41 | €183,850 | €208,850 | +€25,000 | +13.6% |
| Cash at bank and in hand | 54/58 | €487,453 | €348,385 | -€139,067 | -28.5% |
| Total equity and liabilities | 10/49 | €10,263,263 | €12,559,002 | +€2.3m | +22.4% |
| Equity | 10/15 | €2,862,983 | €3,195,762 | +€332,779 | +11.6% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,147,983 | €2,480,762 | +€332,779 | +15.5% |
| Amounts payable | 17/49 | €7,400,280 | €9,363,240 | +€2.0m | +26.5% |
| Amounts payable after more than one year | 17 | €7,121,139 | €8,871,139 | +€1.8m | +24.6% |
| Financial debts | 170/4 | €7,121,139 | €8,871,139 | +€1.8m | +24.6% |
| Amounts payable within one year | 42/48 | €279,141 | €492,101 | +€212,960 | +76.3% |
| Trade debts | 44 | - | €15,973 | +€15,973 | |
| Suppliers | 440/4 | - | €15,973 | +€15,973 | |
| Taxes, remuneration and social security | 45 | €34,531 | €39,977 | +€5,446 | +15.8% |
| Taxes | 450/3 | €34,531 | €39,977 | +€5,446 | +15.8% |
| Other amounts payable | 47/48 | €244,609 | €436,151 | +€191,541 | +78.3% |
| Non-recurring operating income | 76A | €188,467 | €157,955 | -€30,512 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,560 | €28,039 | -€6,521 | -18.9% |
| Other operating charges | 640/8 | €9,401 | €7,012 | -€2,389 | -25.4% |
| Gross operating margin | 9900 | €1,164,445 | €641,136 | -€523,309 | -44.9% |
| Operating profit (loss) | 9901 | €1,120,484 | €606,085 | -€514,399 | -45.9% |
| Financial income | 75/76B | €32,073 | €35,061 | +€2,988 | +9.3% |
| Recurring financial income | 75 | €32,073 | €35,061 | +€2,988 | +9.3% |
| Financial charges | 65/66B | €73,904 | €207,643 | +€133,739 | +181% |
| Recurring financial charges | 65 | €73,904 | €207,643 | +€133,739 | +181% |
| Profit (loss) for the period before taxes | 9903 | €1,078,652 | €433,503 | -€645,149 | -59.8% |
| Income taxes | 67/77 | €271,716 | €100,724 | -€170,991 | -62.9% |
| Profit (loss) for the period | 9904 | €806,937 | €332,779 | -€474,158 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €806,937 | €332,779 | -€474,158 | -58.8% |
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 1 November 2026 via checked.be.