CHAPUT: 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.
CHAPUT
Largest movements
- Cash -€116,013
down €116,013 (-69.2%), from €167,697 to €51,684
mainly Short-term financial debts (-€132,927) and Receivables within one year (-€94,542)
- Receivables within one year +€94,542
up €94,542 (+12.7%), from €746,614 to €841,156
of which Trade receivables: +€94,498
- Short-term financial debts -€132,927
down €132,927 (-100.0%), from €132,927 to €0
- Current portion of long-term debt +€85,281
up €85,281 (+77.9%), from €109,525 to €194,806
- Debts after one year -€79,087
down €79,087 (-31.9%), from €248,156 to €169,069
- Profit (loss) carried forward +€77,978
up €77,978 (+137.5%), from €56,716 to €134,694
- Trade debts +€53,669
up €53,669 (+31.5%), from €170,381 to €224,049
- Gross operating margin +€88,193
up €88,193 (+8.6%), from €1.0m to €1.1m
- Staff costs +€38,498
up €38,498 (+4.4%), from €874,740 to €913,237
- Taxes +€13,932
up €13,932 (+69.0%), from €20,198 to €34,130
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 | €1,541,876 | €1,487,118 | -€54,758 | -3.6% |
| Fixed assets | 21/28 | €246,222 | €234,170 | -€12,051 | -4.9% |
| Tangible fixed assets | 22/27 | €245,043 | €232,992 | -€12,051 | -4.9% |
| Plant, machinery and equipment | 23 | €16,690 | €80,142 | +€63,451 | +380.2% |
| Furniture and vehicles | 24 | €150,795 | €84,759 | -€66,035 | -43.8% |
| Other tangible fixed assets | 26 | €77,558 | €68,091 | -€9,467 | -12.2% |
| Financial fixed assets | 28 | €1,179 | €1,179 | = | 0.0% |
| Current assets | 29/58 | €1,295,654 | €1,252,947 | -€42,707 | -3.3% |
| Stocks and contracts in progress | 3 | €352,902 | €338,348 | -€14,553 | -4.1% |
| Stocks | 30/36 | €352,902 | €338,348 | -€14,553 | -4.1% |
| Amounts receivable within one year | 40/41 | €746,614 | €841,156 | +€94,542 | +12.7% |
| Trade receivables | 40 | €740,932 | €835,429 | +€94,498 | +12.8% |
| Other amounts receivable | 41 | €5,683 | €5,727 | +€44 | +0.8% |
| Cash at bank and in hand | 54/58 | €167,697 | €51,684 | -€116,013 | -69.2% |
| Deferred charges and accrued income | 490/1 | €28,441 | €21,759 | -€6,682 | -23.5% |
| Total equity and liabilities | 10/49 | €1,541,876 | €1,487,118 | -€54,758 | -3.6% |
| Equity | 10/15 | €115,358 | €193,336 | +€77,978 | +67.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,042 | €40,042 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,182 | €38,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,716 | €134,694 | +€77,978 | +137.5% |
| Amounts payable | 17/49 | €1,426,518 | €1,293,782 | -€132,736 | -9.3% |
| Amounts payable after more than one year | 17 | €248,156 | €169,069 | -€79,087 | -31.9% |
| Financial debts | 170/4 | €248,156 | €169,069 | -€79,087 | -31.9% |
| Amounts payable within one year | 42/48 | €1,178,361 | €1,124,713 | -€53,648 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €109,525 | €194,806 | +€85,281 | +77.9% |
| Financial debts | 43 | €132,927 | €0 | -€132,927 | -100.0% |
| Credit institutions | 430/8 | €132,927 | €0 | -€132,927 | -100.0% |
| Trade debts | 44 | €170,381 | €224,049 | +€53,669 | +31.5% |
| Suppliers | 440/4 | €170,381 | €224,049 | +€53,669 | +31.5% |
| Taxes, remuneration and social security | 45 | €220,528 | €169,353 | -€51,175 | -23.2% |
| Taxes | 450/3 | €87,682 | €69,759 | -€17,923 | -20.4% |
| Remuneration and social security | 454/9 | €132,846 | €99,594 | -€33,252 | -25.0% |
| Other amounts payable | 47/48 | €545,000 | €536,504 | -€8,496 | -1.6% |
| Remuneration, social security and pensions | 62 | €874,740 | €913,237 | +€38,498 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,337 | €62,132 | +€2,794 | +4.7% |
| Other operating charges | 640/8 | €7,490 | €9,182 | +€1,692 | +22.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,027,494 | €1,115,686 | +€88,193 | +8.6% |
| Operating profit (loss) | 9901 | €85,927 | €131,136 | +€45,209 | +52.6% |
| Financial income | 75/76B | €295 | €946 | +€651 | +220.5% |
| Recurring financial income | 75 | €295 | €946 | +€651 | +220.5% |
| Financial charges | 65/66B | €24,269 | €19,975 | -€4,295 | -17.7% |
| Recurring financial charges | 65 | €24,269 | €19,975 | -€4,295 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €61,953 | €112,108 | +€50,154 | +81.0% |
| Income taxes | 67/77 | €20,198 | €34,130 | +€13,932 | +69.0% |
| Profit (loss) for the period | 9904 | €41,755 | €77,978 | +€36,222 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,755 | €77,978 | +€36,222 | +86.7% |
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.