Chassis Norma: 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.
What changed
Chassis Norma
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€369,086
2024 · €694,863-€325,777
Equity
€2.2m
2024 · €1.9m+€368,794
Cash
€148,335
2024 · €441,822-€293,487
Balance sheet total
€5.5m
2024 · €5.5m+€22,927
Largest movements
Assets
- Cash -€293,487
down €293,487 (-66.4%), from €441,822 to €148,335
mainly Investment in fixed assets (net) (-€475,385) and Debts after one year (-€332,688)
- Receivables within one year +€176,985
up €176,985 (+25.6%), from €692,184 to €869,169
of which Other amounts receivable: +€124,253
- Stocks and contracts +€159,784
up €159,784 (+7.8%), from €2.0m to €2.2m
of which Contracts in progress: +€88,157
Equity and liabilities
- Profit (loss) carried forward +€369,086
up €369,086 (+23.6%), from €1.6m to €1.9m
- Debts after one year -€332,688
down €332,688 (-13.0%), from €2.6m to €2.2m
Income statement
- Turnover -€560,393
down €560,393 (-7.2%), from €7.8m to €7.2m
- Taxes -€107,083
down €107,083 (-46.3%), from €231,299 to €124,216
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
€694,863
Turnover
-€560,393
Other operating income
+€4,433
Goods and materials
+€7,399
Services and other goods
+€6,602
Staff costs
+€12,389
Depreciation
+€12,608
Provisions
+€16,075
Other operating charges
-€1,825
Other operating items
+€71,519
Financial income
-€1,457
Financial charges
-€99
Taxes
+€107,083
Deferred taxes and other
-€111
Result 2025
€369,086
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
+€479,940
Investment
-€475,385
Financing
-€298,042
Cash 2024
€441,822
From operations (derived)
+€479,940
Net result for the year
+€369,086
Depreciation
+€497,230
Stocks and contracts
-€159,784
Receivables within one year
-€176,985
Deferred charges and accrued income
-€1,490
Provisions
-€44,687
Trade debts
-€27,320
Tax, wage and social debts
+€23,877
Accrued charges and deferred income
+€13
Investment (derived)
-€475,385
Investment in fixed assets (net)
-€475,385
Financing
-€298,042
Debts after one year
-€332,688
Current portion of long-term debt
+€34,938
Contributions, distributions and other
-€292
Cash 2025
€148,335
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,505,036 | €5,527,963 | +€22,927 | +0.4% |
| Fixed assets | 21/28 | €2,307,506 | €2,285,661 | -€21,845 | -0.9% |
| Tangible fixed assets | 22/27 | €2,272,946 | €2,251,101 | -€21,845 | -1.0% |
| Land and buildings | 22 | €326,766 | €322,500 | -€4,266 | -1.3% |
| Plant, machinery and equipment | 23 | €689,214 | €617,939 | -€71,275 | -10.3% |
| Furniture and vehicles | 24 | €16,852 | €13,113 | -€3,739 | -22.2% |
| Leasing and similar rights | 25 | €1,240,114 | €1,285,829 | +€45,715 | +3.7% |
| Assets under construction and advance payments | 27 | - | €11,720 | +€11,720 | |
| Financial fixed assets | 28 | €34,560 | €34,560 | = | 0.0% |
| Other financial fixed assets | 284/8 | €34,560 | €34,560 | = | 0.0% |
| Shares | 284 | €3,150 | €3,150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €31,410 | €31,410 | = | 0.0% |
| Current assets | 29/58 | €3,197,530 | €3,242,302 | +€44,772 | +1.4% |
| Stocks and contracts in progress | 3 | €2,043,546 | €2,203,330 | +€159,784 | +7.8% |
| Stocks | 30/36 | €1,817,650 | €1,889,277 | +€71,627 | +3.9% |
| Raw materials and consumables | 30/31 | €1,817,650 | €1,889,277 | +€71,627 | +3.9% |
| Contracts in progress | 37 | €225,896 | €314,053 | +€88,157 | +39.0% |
| Amounts receivable within one year | 40/41 | €692,184 | €869,169 | +€176,985 | +25.6% |
| Trade receivables | 40 | €690,597 | €743,329 | +€52,732 | +7.6% |
| Other amounts receivable | 41 | €1,587 | €125,840 | +€124,253 | +7829.4% |
| Cash at bank and in hand | 54/58 | €441,822 | €148,335 | -€293,487 | -66.4% |
| Deferred charges and accrued income | 490/1 | €19,978 | €21,468 | +€1,490 | +7.5% |
| Total equity and liabilities | 10/49 | €5,505,036 | €5,527,963 | +€22,927 | +0.4% |
| Equity | 10/15 | €1,857,945 | €2,226,739 | +€368,794 | +19.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €43,750 | €43,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,563,308 | €1,932,394 | +€369,086 | +23.6% |
| Investment grants | 15 | €887 | €595 | -€292 | -32.9% |
| Provisions and deferred taxes | 16 | €209,551 | €164,864 | -€44,687 | -21.3% |
| Provisions for liabilities and charges | 160/5 | €209,094 | €164,558 | -€44,536 | -21.3% |
| Other liabilities and charges | 164/5 | €209,094 | €164,558 | -€44,536 | -21.3% |
| Deferred taxes | 168 | €457 | €306 | -€151 | -33.0% |
| Amounts payable | 17/49 | €3,437,540 | €3,136,360 | -€301,180 | -8.8% |
| Amounts payable after more than one year | 17 | €2,558,953 | €2,226,265 | -€332,688 | -13.0% |
| Financial debts | 170/4 | €2,558,953 | €2,226,265 | -€332,688 | -13.0% |
| Subordinated loans | 170 | €1,782,428 | €1,507,428 | -€275,000 | -15.4% |
| Leasing and similar obligations | 172 | €776,525 | €718,837 | -€57,688 | -7.4% |
| Amounts payable within one year | 42/48 | €878,440 | €909,935 | +€31,495 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €254,238 | €289,176 | +€34,938 | +13.7% |
| Trade debts | 44 | €426,854 | €399,534 | -€27,320 | -6.4% |
| Suppliers | 440/4 | €426,854 | €399,534 | -€27,320 | -6.4% |
| Taxes, remuneration and social security | 45 | €197,348 | €221,225 | +€23,877 | +12.1% |
| Taxes | 450/3 | €81,737 | €88,585 | +€6,848 | +8.4% |
| Remuneration and social security | 454/9 | €115,611 | €132,640 | +€17,029 | +14.7% |
| Accrued charges and deferred income | 492/3 | €147 | €160 | +€13 | +8.8% |
| Operating income | 70/76A | €7,803,181 | €7,320,735 | -€482,446 | -6.2% |
| Turnover | 70 | €7,764,435 | €7,204,042 | -€560,393 | -7.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €11,628 | €88,157 | +€76,529 | +658.1% |
| Other operating income | 74 | €23,081 | €27,514 | +€4,433 | +19.2% |
| Non-recurring operating income | 76A | €4,037 | €1,022 | -€3,015 | -74.7% |
| Operating charges | 60/66A | €6,891,774 | €6,840,521 | -€51,253 | -0.7% |
| Goods for resale, raw materials and consumables | 60 | €2,904,728 | €2,897,329 | -€7,399 | -0.3% |
| Purchases | 600/8 | €2,864,970 | €2,968,956 | +€103,986 | +3.6% |
| Change in stocks: decrease (increase) | 609 | €39,758 | -€71,627 | -€111,385 | |
| Services and other goods | 61 | €837,661 | €831,059 | -€6,602 | -0.8% |
| Remuneration, social security and pensions | 62 | €2,600,466 | €2,588,077 | -€12,389 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509,838 | €497,230 | -€12,608 | -2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,461 | -€44,536 | -€16,075 | -56.5% |
| Other operating charges | 640/8 | €67,542 | €69,367 | +€1,825 | +2.7% |
| Non-recurring operating charges | 66A | - | €1,995 | +€1,995 | |
| Operating profit (loss) | 9901 | €911,407 | €480,214 | -€431,193 | -47.3% |
| Financial income | 75/76B | €32,218 | €30,761 | -€1,457 | -4.5% |
| Recurring financial income | 75 | €32,218 | €30,761 | -€1,457 | -4.5% |
| Income from financial fixed assets | 750 | €628 | €848 | +€220 | +35.0% |
| Income from current assets | 751 | €127 | - | -€127 | |
| Other financial income | 752/9 | €31,463 | €29,913 | -€1,550 | -4.9% |
| Financial charges | 65/66B | €17,725 | €17,824 | +€99 | +0.6% |
| Recurring financial charges | 65 | €17,725 | €17,824 | +€99 | +0.6% |
| Debt charges | 650 | €14,161 | €14,659 | +€498 | +3.5% |
| Other financial charges | 652/9 | €3,564 | €3,165 | -€399 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €925,900 | €493,151 | -€432,749 | -46.7% |
| Transfer from deferred taxes | 780 | €262 | €151 | -€111 | -42.4% |
| Income taxes | 67/77 | €231,299 | €124,216 | -€107,083 | -46.3% |
| Taxes | 670/3 | €231,299 | €124,216 | -€107,083 | -46.3% |
| Profit (loss) for the period | 9904 | €694,863 | €369,086 | -€325,777 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €694,863 | €369,086 | -€325,777 | -46.9% |
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 3 October 2026 via checked.be.