CHASSIS 38: 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.
CHASSIS 38
Largest movements
- Cash -€86,043
down €86,043 (-74.2%), from €115,977 to €29,934
mainly Investment in fixed assets (net) (-€70,000) and Stocks and contracts (-€36,000)
- Tangible fixed assets +€49,533
up €49,533 (+114.8%), from €43,129 to €92,662
of which Land and buildings: +€69,495
- Stocks and contracts +€36,000
new in 2025: €36,000
- Receivables within one year +€18,690
up €18,690 (+34.7%), from €53,928 to €72,618
of which Trade receivables: +€16,060
- Deferred charges and accrued income +€6,585
new in 2025: €6,585
- Trade debts +€21,759
up €21,759 (+59.7%), from €36,464 to €58,223
- Current portion of long-term debt -€5,041
no longer reported in 2025 (was €5,041)
- Tax, wage and social debts +€4,611
up €4,611 (+26.0%), from €17,735 to €22,346
- Profit (loss) carried forward +€2,500
up €2,500 (+2.9%), from €87,229 to €89,729
- Gross operating margin -€24,952
down €24,952 (-11.8%), from €211,834 to €186,882
- Taxes -€11,641
down €11,641 (-90.9%), from €12,806 to €1,165
- Depreciation -€8,859
down €8,859 (-30.2%), from €29,326 to €20,467
- Staff costs +€6,573
up €6,573 (+4.2%), from €155,000 to €161,573
- Financial charges -€2,941
down €2,941 (-92.9%), from €3,165 to €224
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 | €213,254 | €238,019 | +€24,765 | +11.6% |
| Fixed assets | 21/28 | €43,349 | €92,882 | +€49,533 | +114.3% |
| Tangible fixed assets | 22/27 | €43,129 | €92,662 | +€49,533 | +114.8% |
| Land and buildings | 22 | - | €69,495 | +€69,495 | |
| Furniture and vehicles | 24 | €42,991 | €23,167 | -€19,824 | -46.1% |
| Other tangible fixed assets | 26 | €138 | - | -€138 | |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €169,905 | €145,137 | -€24,768 | -14.6% |
| Stocks and contracts in progress | 3 | - | €36,000 | +€36,000 | |
| Contracts in progress | 37 | - | €36,000 | +€36,000 | |
| Amounts receivable within one year | 40/41 | €53,928 | €72,618 | +€18,690 | +34.7% |
| Trade receivables | 40 | €41,052 | €57,112 | +€16,060 | +39.1% |
| Other amounts receivable | 41 | €12,876 | €15,506 | +€2,630 | +20.4% |
| Cash at bank and in hand | 54/58 | €115,977 | €29,934 | -€86,043 | -74.2% |
| Deferred charges and accrued income | 490/1 | - | €6,585 | +€6,585 | |
| Total equity and liabilities | 10/49 | €213,254 | €238,019 | +€24,765 | +11.6% |
| Equity | 10/15 | €97,229 | €99,729 | +€2,500 | +2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,229 | €89,729 | +€2,500 | +2.9% |
| Amounts payable | 17/49 | €116,025 | €138,290 | +€22,265 | +19.2% |
| Amounts payable after more than one year | 17 | €49,308 | €49,308 | = | 0.0% |
| Financial debts | 170/4 | €49,308 | €49,308 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,717 | €88,982 | +€22,265 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €5,041 | - | -€5,041 | |
| Trade debts | 44 | €36,464 | €58,223 | +€21,759 | +59.7% |
| Suppliers | 440/4 | €36,464 | €58,223 | +€21,759 | +59.7% |
| Taxes, remuneration and social security | 45 | €17,735 | €22,346 | +€4,611 | +26.0% |
| Taxes | 450/3 | €17,735 | €22,346 | +€4,611 | +26.0% |
| Other amounts payable | 47/48 | €7,477 | €8,413 | +€936 | +12.5% |
| Remuneration, social security and pensions | 62 | €155,000 | €161,573 | +€6,573 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,326 | €20,467 | -€8,859 | -30.2% |
| Other operating charges | 640/8 | €1,133 | €953 | -€180 | -15.9% |
| Gross operating margin | 9900 | €211,834 | €186,882 | -€24,952 | -11.8% |
| Operating profit (loss) | 9901 | €26,375 | €3,889 | -€22,486 | -85.3% |
| Financial charges | 65/66B | €3,165 | €224 | -€2,941 | -92.9% |
| Recurring financial charges | 65 | €3,165 | €224 | -€2,941 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €23,210 | €3,665 | -€19,545 | -84.2% |
| Income taxes | 67/77 | €12,806 | €1,165 | -€11,641 | -90.9% |
| Profit (loss) for the period | 9904 | €10,404 | €2,500 | -€7,904 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,404 | €2,500 | -€7,904 | -76.0% |
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 6 October 2026 via checked.be.