CHASSIS ERNST: 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.
CHASSIS ERNST
Largest movements
- Stocks and contracts +€180,322
up €180,322 (+97.2%), from €185,539 to €365,861
of which Stocks: +€162,365
- Tangible fixed assets -€85,644
down €85,644 (-17.6%), from €485,509 to €399,865
of which Plant, machinery and equipment: -€46,363
- Cash -€36,524
down €36,524 (-51.7%), from €70,630 to €34,106
mainly Stocks and contracts (-€180,322) and Current portion of long-term debt (-€45,477)
- Receivables within one year +€20,349
up €20,349 (+19.4%), from €105,035 to €125,385
of which Other amounts receivable: +€33,421
- Deferred charges and accrued income +€19,405
up €19,405 (+103%), from €18,884 to €38,289
- Accrued charges and deferred income +€80,337
up €80,337 (+791%), from €10,160 to €90,497
- Trade debts +€55,302
up €55,302 (+170%), from €32,583 to €87,884
- Current portion of long-term debt -€45,477
down €45,477 (-47.4%), from €95,994 to €50,517
- Debts after one year -€26,630
down €26,630 (-43.9%), from €60,621 to €33,991
- Reserves +€24,598
up €24,598 (+4.9%), from €497,187 to €521,785
of which Distributable reserves: +€25,057
- Gross operating margin -€92,467
down €92,467 (-9.1%), from €1.0m to €924,598
- Staff costs -€47,327
down €47,327 (-5.8%), from €817,231 to €769,904
- Taxes -€12,085
down €12,085 (-53.1%), from €22,740 to €10,655
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 | €879,880 | €976,561 | +€96,682 | +11.0% |
| Fixed assets | 21/28 | €499,791 | €412,920 | -€86,871 | -17.4% |
| Intangible fixed assets | 21 | €3,247 | €2,019 | -€1,227 | -37.8% |
| Tangible fixed assets | 22/27 | €485,509 | €399,865 | -€85,644 | -17.6% |
| Plant, machinery and equipment | 23 | €354,034 | €307,672 | -€46,363 | -13.1% |
| Furniture and vehicles | 24 | €131,475 | €92,194 | -€39,281 | -29.9% |
| Financial fixed assets | 28 | €11,035 | €11,035 | = | 0.0% |
| Current assets | 29/58 | €380,088 | €563,641 | +€183,553 | +48.3% |
| Stocks and contracts in progress | 3 | €185,539 | €365,861 | +€180,322 | +97.2% |
| Stocks | 30/36 | €181,698 | €344,063 | +€162,365 | +89.4% |
| Contracts in progress | 37 | €3,841 | €21,799 | +€17,957 | +467% |
| Amounts receivable within one year | 40/41 | €105,035 | €125,385 | +€20,349 | +19.4% |
| Trade receivables | 40 | €101,921 | €88,850 | -€13,072 | -12.8% |
| Other amounts receivable | 41 | €3,114 | €36,535 | +€33,421 | +1,073% |
| Cash at bank and in hand | 54/58 | €70,630 | €34,106 | -€36,524 | -51.7% |
| Deferred charges and accrued income | 490/1 | €18,884 | €38,289 | +€19,405 | +103% |
| Total equity and liabilities | 10/49 | €879,880 | €976,561 | +€96,682 | +11.0% |
| Equity | 10/15 | €567,250 | €591,848 | +€24,598 | +4.3% |
| Contributions | 10/11 | €18,759 | €18,759 | = | 0.0% |
| Revaluation surpluses | 12 | €51,303 | €51,303 | = | 0.0% |
| Reserves | 13 | €497,187 | €521,785 | +€24,598 | +4.9% |
| Non-distributable reserves | 130/1 | €1,876 | €19,829 | +€17,953 | +957% |
| Reserves not available under the articles | 1311 | €1,876 | €19,829 | +€17,953 | +957% |
| Tax-exempt reserves | 132 | €22,469 | €4,058 | -€18,411 | -81.9% |
| Distributable reserves | 133 | €472,842 | €497,899 | +€25,057 | +5.3% |
| Provisions and deferred taxes | 16 | €14,874 | €14,874 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,874 | €14,874 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,874 | €14,874 | = | 0.0% |
| Amounts payable | 17/49 | €297,756 | €369,839 | +€72,084 | +24.2% |
| Amounts payable after more than one year | 17 | €60,621 | €33,991 | -€26,630 | -43.9% |
| Financial debts | 170/4 | €60,621 | €33,991 | -€26,630 | -43.9% |
| Amounts payable within one year | 42/48 | €226,974 | €245,351 | +€18,377 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €95,994 | €50,517 | -€45,477 | -47.4% |
| Trade debts | 44 | €32,583 | €87,884 | +€55,302 | +170% |
| Suppliers | 440/4 | €32,583 | €87,884 | +€55,302 | +170% |
| Taxes, remuneration and social security | 45 | €74,553 | €97,732 | +€23,179 | +31.1% |
| Taxes | 450/3 | €1,742 | €14,360 | +€12,618 | +724% |
| Remuneration and social security | 454/9 | €72,811 | €83,372 | +€10,561 | +14.5% |
| Other amounts payable | 47/48 | €23,844 | €9,218 | -€14,627 | -61.3% |
| Accrued charges and deferred income | 492/3 | €10,160 | €90,497 | +€80,337 | +791% |
| Remuneration, social security and pensions | 62 | €817,231 | €769,904 | -€47,327 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,754 | €99,252 | +€2,497 | +2.6% |
| Other operating charges | 640/8 | €17,869 | €19,385 | +€1,516 | +8.5% |
| Non-recurring operating charges | 66A | €750 | - | -€750 | |
| Gross operating margin | 9900 | €1,017,065 | €924,598 | -€92,467 | -9.1% |
| Operating profit (loss) | 9901 | €84,460 | €36,057 | -€48,403 | -57.3% |
| Financial income | 75/76B | €14,784 | €8,136 | -€6,648 | -45.0% |
| Recurring financial income | 75 | €14,784 | €8,136 | -€6,648 | -45.0% |
| Financial charges | 65/66B | €12,922 | €8,481 | -€4,440 | -34.4% |
| Recurring financial charges | 65 | €12,922 | €8,481 | -€4,440 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €86,322 | €35,712 | -€50,610 | -58.6% |
| Income taxes | 67/77 | €22,740 | €10,655 | -€12,085 | -53.1% |
| Profit (loss) for the period | 9904 | €63,582 | €25,057 | -€38,525 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,582 | €25,057 | -€38,525 | -60.6% |
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 15 October 2026 via checked.be.