Chase & Green: 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.
Chase & Green
Largest movements
- Formation expenses -€56,567
down €56,567 (-57.3%), from €98,721 to €42,154
- Cash -€41,330
down €41,330 (-63.7%), from €64,900 to €23,570
mainly Tax, wage and social debts (-€64,813) and Net result for the year (-€57,963)
- Tangible fixed assets +€20,865
up €20,865 (+2,623%), from €795 to €21,661
of which Leasing and similar rights: +€19,068
- Receivables within one year +€20,821
up €20,821 (+15.5%), from €134,762 to €155,583
of which Trade receivables: +€12,201
- Deferred charges and accrued income -€7,867
down €7,867 (-54.7%), from €14,369 to €6,502
- Tax, wage and social debts -€64,813
down €64,813 (-24.7%), from €262,322 to €197,509
of which Taxes: -€64,266
- Profit (loss) carried forward -€51,552
new in 2025: -€51,552
- Short-term financial debts +€37,282
up €37,282 (+2,418%), from €1,542 to €38,824
- Trade debts +€31,649
up €31,649 (+245%), from €12,920 to €44,569
- Current portion of long-term debt -€23,961
down €23,961 (-81.4%), from €29,431 to €5,470
- Staff costs -€476,790
down €476,790 (-31.8%), from €1.5m to €1.0m
- Gross operating margin -€420,537
down €420,537 (-28.2%), from €1.5m to €1.1m
- Taxes -€34,025
down €34,025 (-71.5%), from €47,563 to €13,538
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 | €321,742 | €257,666 | -€64,077 | -19.9% |
| Formation expenses | 20 | €98,721 | €42,154 | -€56,567 | -57.3% |
| Fixed assets | 21/28 | €8,991 | €29,856 | +€20,865 | +232% |
| Tangible fixed assets | 22/27 | €795 | €21,661 | +€20,865 | +2,623% |
| Plant, machinery and equipment | 23 | - | €1,828 | +€1,828 | |
| Furniture and vehicles | 24 | €795 | €764 | -€31 | -3.9% |
| Leasing and similar rights | 25 | - | €19,068 | +€19,068 | |
| Financial fixed assets | 28 | €8,196 | €8,196 | = | 0.0% |
| Current assets | 29/58 | €214,031 | €185,655 | -€28,375 | -13.3% |
| Amounts receivable within one year | 40/41 | €134,762 | €155,583 | +€20,821 | +15.5% |
| Trade receivables | 40 | €134,762 | €146,962 | +€12,201 | +9.1% |
| Other amounts receivable | 41 | - | €8,621 | +€8,621 | |
| Cash at bank and in hand | 54/58 | €64,900 | €23,570 | -€41,330 | -63.7% |
| Deferred charges and accrued income | 490/1 | €14,369 | €6,502 | -€7,867 | -54.7% |
| Total equity and liabilities | 10/49 | €321,742 | €257,666 | -€64,077 | -19.9% |
| Equity | 10/15 | €11,412 | -€46,552 | -€57,963 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,412 | €0 | -€6,412 | -100% |
| Distributable reserves | 133 | €6,412 | €0 | -€6,412 | -100% |
| Profit (loss) carried forward | 14 | - | -€51,552 | -€51,552 | |
| Amounts payable | 17/49 | €310,331 | €304,217 | -€6,113 | -2.0% |
| Amounts payable after more than one year | 17 | - | €13,400 | +€13,400 | |
| Financial debts | 170/4 | - | €13,400 | +€13,400 | |
| Amounts payable within one year | 42/48 | €310,331 | €290,818 | -€19,513 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €29,431 | €5,470 | -€23,961 | -81.4% |
| Financial debts | 43 | €1,542 | €38,824 | +€37,282 | +2,418% |
| Credit institutions | 430/8 | €1,542 | €38,824 | +€37,282 | +2,418% |
| Trade debts | 44 | €12,920 | €44,569 | +€31,649 | +245% |
| Suppliers | 440/4 | €12,920 | €44,569 | +€31,649 | +245% |
| Taxes, remuneration and social security | 45 | €262,322 | €197,509 | -€64,813 | -24.7% |
| Taxes | 450/3 | €137,867 | €73,601 | -€64,266 | -46.6% |
| Remuneration and social security | 454/9 | €124,456 | €123,908 | -€548 | -0.4% |
| Other amounts payable | 47/48 | €4,115 | €4,445 | +€330 | +8.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,841 | €0 | -€7,841 | -100% |
| Remuneration, social security and pensions | 62 | €1,500,998 | €1,024,208 | -€476,790 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,347 | €61,936 | -€11,411 | -15.6% |
| Other operating charges | 640/8 | €12,956 | €8,536 | -€4,421 | -34.1% |
| Operating charges capitalised as restructuring costs | 649 | -€169,700 | €0 | +€169,700 | |
| Non-recurring operating charges | 66A | €5,104 | €0 | -€5,104 | -100% |
| Gross operating margin | 9900 | €1,491,283 | €1,070,746 | -€420,537 | -28.2% |
| Operating profit (loss) | 9901 | €68,578 | -€23,934 | -€92,512 | |
| Financial income | 75/76B | €184 | €0 | -€184 | -100.0% |
| Recurring financial income | 75 | €184 | €0 | -€184 | -100.0% |
| Financial charges | 65/66B | €28,950 | €20,492 | -€8,458 | -29.2% |
| Recurring financial charges | 65 | €28,950 | €20,492 | -€8,458 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €39,812 | -€44,426 | -€84,238 | |
| Income taxes | 67/77 | €47,563 | €13,538 | -€34,025 | -71.5% |
| Profit (loss) for the period | 9904 | -€7,751 | -€57,963 | -€50,213 | -648% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,751 | -€57,963 | -€50,213 | -648% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.