CHASAL: 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.
What changed
CHASAL
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€160,335
2024 · €105,638+€54,697
Equity
€1.2m
2024 · €1.1m+€75,706
Cash
€389,787
2024 · €169,235+€220,552
Balance sheet total
€7.3m
2024 · €7.4m-€63,662
Largest movements
Assets
- Cash +€220,552
up €220,552 (+130.3%), from €169,235 to €389,787
mainly Depreciation (+€414,857) and Net result for the year (+€160,335)
- Tangible fixed assets -€159,852
down €159,852 (-4.9%), from €3.3m to €3.1m
of which Plant, machinery and equipment: -€112,872
- Financial fixed assets -€120,073
down €120,073 (-33.3%), from €360,090 to €240,017
Equity and liabilities
- Debts after one year -€240,938
down €240,938 (-9.5%), from €2.5m to €2.3m
- Other debts +€125,000
up €125,000 (+500.0%), from €25,000 to €150,000
Income statement
- Staff costs -€99,270
down €99,270 (-5.4%), from €1.9m to €1.8m
- Financial charges +€92,609
up €92,609 (+49.3%), from €187,692 to €280,301
of which Non-recurring financial charges: +€116,573
- Taxes +€49,266
up €49,266 (+97.6%), from €50,452 to €99,718
- Gross operating margin +€39,986
up €39,986 (+1.4%), from €2.8m to €2.8m
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.
Result 2024
€105,638
Gross operating margin
+€39,986
Staff costs
+€99,270
Depreciation
+€15,522
Other operating charges
+€15,795
Other operating items
+€23,454
Financial income
+€2,545
Financial charges
-€92,609
Taxes
-€49,266
Result 2025
€160,335
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.
From operations
+€661,060
Investment
-€134,932
Financing
-€305,576
Cash 2024
€169,235
From operations (derived)
+€661,060
Net result for the year
+€160,335
Depreciation
+€414,857
Stocks and contracts
+€38,418
Receivables within one year
-€70,585
Deferred charges and accrued income
+€36,456
Trade debts
+€11,417
Tax, wage and social debts
-€43,070
Other debts
+€125,000
Accrued charges and deferred income
-€11,768
Investment (derived)
-€134,932
Investment in fixed assets (net)
-€134,932
Financing
-€305,576
Debts after one year
-€240,938
Current portion of long-term debt
-€5,107
Short-term financial debts
+€25,098
Contributions, distributions and other
-€84,629
Cash 2025
€389,787
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,366,716 | €7,303,054 | -€63,662 | -0.9% |
| Fixed assets | 21/28 | €3,649,384 | €3,369,459 | -€279,925 | -7.7% |
| Tangible fixed assets | 22/27 | €3,289,294 | €3,129,442 | -€159,852 | -4.9% |
| Land and buildings | 22 | €2,538,378 | €2,498,303 | -€40,075 | -1.6% |
| Plant, machinery and equipment | 23 | €386,401 | €273,529 | -€112,872 | -29.2% |
| Furniture and vehicles | 24 | €134,096 | €87,846 | -€46,250 | -34.5% |
| Leasing and similar rights | 25 | €230,419 | €269,764 | +€39,345 | +17.1% |
| Financial fixed assets | 28 | €360,090 | €240,017 | -€120,073 | -33.3% |
| Current assets | 29/58 | €3,717,332 | €3,933,595 | +€216,263 | +5.8% |
| Stocks and contracts in progress | 3 | €1,042,820 | €1,004,402 | -€38,418 | -3.7% |
| Stocks | 30/36 | €1,042,820 | €1,004,402 | -€38,418 | -3.7% |
| Amounts receivable within one year | 40/41 | €2,410,849 | €2,481,434 | +€70,585 | +2.9% |
| Trade receivables | 40 | €2,315,296 | €2,440,817 | +€125,521 | +5.4% |
| Other amounts receivable | 41 | €95,553 | €40,617 | -€54,936 | -57.5% |
| Cash at bank and in hand | 54/58 | €169,235 | €389,787 | +€220,552 | +130.3% |
| Deferred charges and accrued income | 490/1 | €94,428 | €57,972 | -€36,456 | -38.6% |
| Total equity and liabilities | 10/49 | €7,366,716 | €7,303,054 | -€63,662 | -0.9% |
| Equity | 10/15 | €1,109,316 | €1,185,022 | +€75,706 | +6.8% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €68,568 | €68,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,196 | €31,196 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,196 | €31,196 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,372 | €37,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440,055 | €450,390 | +€10,335 | +2.3% |
| Investment grants | 15 | €90,693 | €156,064 | +€65,371 | +72.1% |
| Amounts payable | 17/49 | €6,257,400 | €6,118,032 | -€139,368 | -2.2% |
| Amounts payable after more than one year | 17 | €2,533,284 | €2,292,346 | -€240,938 | -9.5% |
| Financial debts | 170/4 | €2,533,284 | €2,292,346 | -€240,938 | -9.5% |
| Amounts payable within one year | 42/48 | €3,701,098 | €3,814,436 | +€113,338 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €364,688 | €359,581 | -€5,107 | -1.4% |
| Financial debts | 43 | €718,544 | €743,642 | +€25,098 | +3.5% |
| Credit institutions | 430/8 | €718,544 | €743,642 | +€25,098 | +3.5% |
| Trade debts | 44 | €2,375,096 | €2,386,513 | +€11,417 | +0.5% |
| Suppliers | 440/4 | €2,375,096 | €2,386,513 | +€11,417 | +0.5% |
| Taxes, remuneration and social security | 45 | €217,770 | €174,700 | -€43,070 | -19.8% |
| Taxes | 450/3 | €62,788 | €69,742 | +€6,954 | +11.1% |
| Remuneration and social security | 454/9 | €154,982 | €104,958 | -€50,024 | -32.3% |
| Other amounts payable | 47/48 | €25,000 | €150,000 | +€125,000 | +500.0% |
| Accrued charges and deferred income | 492/3 | €23,018 | €11,250 | -€11,768 | -51.1% |
| Non-recurring operating income | 76A | €78,164 | €12,924 | -€65,240 | -83.5% |
| Remuneration, social security and pensions | 62 | €1,850,859 | €1,751,589 | -€99,270 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430,379 | €414,857 | -€15,522 | -3.6% |
| Other operating charges | 640/8 | €62,422 | €46,627 | -€15,795 | -25.3% |
| Non-recurring operating charges | 66A | €113,862 | €90,408 | -€23,454 | -20.6% |
| Gross operating margin | 9900 | €2,772,160 | €2,812,146 | +€39,986 | +1.4% |
| Operating profit (loss) | 9901 | €314,638 | €508,665 | +€194,027 | +61.7% |
| Financial income | 75/76B | €29,144 | €31,689 | +€2,545 | +8.7% |
| Recurring financial income | 75 | €29,144 | €31,689 | +€2,545 | +8.7% |
| Financial charges | 65/66B | €187,692 | €280,301 | +€92,609 | +49.3% |
| Recurring financial charges | 65 | €187,692 | €163,728 | -€23,964 | -12.8% |
| Non-recurring financial charges | 66B | - | €116,573 | +€116,573 | |
| Profit (loss) for the period before taxes | 9903 | €156,090 | €260,053 | +€103,963 | +66.6% |
| Income taxes | 67/77 | €50,452 | €99,718 | +€49,266 | +97.6% |
| Profit (loss) for the period | 9904 | €105,638 | €160,335 | +€54,697 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €105,638 | €160,335 | +€54,697 | +51.8% |
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 10 October 2026 via checked.be.