CHASSIS ONE: 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 ONE
Largest movements
- Tangible fixed assets +€93,002
up €93,002 (+54.2%), from €171,674 to €264,676
of which Furniture and vehicles: +€48,372
- Stocks and contracts +€27,796
up €27,796 (+119%), from €23,427 to €51,222
- Cash -€26,420
down €26,420 (-37.3%), from €70,854 to €44,434
mainly Investment in fixed assets (net) (-€151,918) and Stocks and contracts (-€27,796)
- Receivables within one year -€9,832
down €9,832 (-6.7%), from €147,761 to €137,929
of which Trade receivables: -€25,392
- Trade debts +€61,164
up €61,164 (+269%), from €22,739 to €83,904
- Reserves +€39,538
new in 2025: €39,538
- Profit (loss) carried forward -€22,000
down €22,000 (-11.2%), from €196,322 to €174,322
- Accrued charges and deferred income +€20,430
up €20,430 (+29.0%), from €70,462 to €90,891
- Tax, wage and social debts -€11,302
down €11,302 (-29.6%), from €38,140 to €26,838
of which Remuneration and social security: -€8,143
- Gross operating margin -€9,106
down €9,106 (-1.4%), from €637,306 to €628,200
- Staff costs +€7,884
up €7,884 (+1.6%), from €483,717 to €491,601
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 | €414,109 | €502,969 | +€88,860 | +21.5% |
| Fixed assets | 21/28 | €172,068 | €265,070 | +€93,002 | +54.0% |
| Tangible fixed assets | 22/27 | €171,674 | €264,676 | +€93,002 | +54.2% |
| Plant, machinery and equipment | 23 | €98,375 | €131,005 | +€32,630 | +33.2% |
| Furniture and vehicles | 24 | €41,299 | €89,672 | +€48,372 | +117% |
| Leasing and similar rights | 25 | €32,000 | €16,000 | -€16,000 | -50.0% |
| Other tangible fixed assets | 26 | - | €28,000 | +€28,000 | |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €242,041 | €237,899 | -€4,143 | -1.7% |
| Stocks and contracts in progress | 3 | €23,427 | €51,222 | +€27,796 | +119% |
| Stocks | 30/36 | €23,427 | €51,222 | +€27,796 | +119% |
| Amounts receivable within one year | 40/41 | €147,761 | €137,929 | -€9,832 | -6.7% |
| Trade receivables | 40 | €88,862 | €63,470 | -€25,392 | -28.6% |
| Other amounts receivable | 41 | €58,899 | €74,459 | +€15,560 | +26.4% |
| Cash at bank and in hand | 54/58 | €70,854 | €44,434 | -€26,420 | -37.3% |
| Deferred charges and accrued income | 490/1 | - | €4,314 | +€4,314 | |
| Total equity and liabilities | 10/49 | €414,109 | €502,969 | +€88,860 | +21.5% |
| Equity | 10/15 | €220,382 | €236,120 | +€15,738 | +7.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | - | €39,538 | +€39,538 | |
| Distributable reserves | 133 | - | €39,538 | +€39,538 | |
| Profit (loss) carried forward | 14 | €196,322 | €174,322 | -€22,000 | -11.2% |
| Investment grants | 15 | €3,600 | €1,800 | -€1,800 | -50.0% |
| Amounts payable | 17/49 | €193,728 | €266,849 | +€73,121 | +37.7% |
| Amounts payable after more than one year | 17 | €18,454 | €19,018 | +€564 | +3.1% |
| Financial debts | 170/4 | €18,454 | €19,018 | +€564 | +3.1% |
| Amounts payable within one year | 42/48 | €104,812 | €156,939 | +€52,127 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €13,382 | €17,847 | +€4,465 | +33.4% |
| Trade debts | 44 | €22,739 | €83,904 | +€61,164 | +269% |
| Suppliers | 440/4 | €22,739 | €83,904 | +€61,164 | +269% |
| Taxes, remuneration and social security | 45 | €38,140 | €26,838 | -€11,302 | -29.6% |
| Taxes | 450/3 | €3,822 | €663 | -€3,159 | -82.7% |
| Remuneration and social security | 454/9 | €34,318 | €26,175 | -€8,143 | -23.7% |
| Other amounts payable | 47/48 | €30,550 | €28,350 | -€2,200 | -7.2% |
| Accrued charges and deferred income | 492/3 | €70,462 | €90,891 | +€20,430 | +29.0% |
| Non-recurring operating income | 76A | - | €21,235 | +€21,235 | |
| Remuneration, social security and pensions | 62 | €483,717 | €491,601 | +€7,884 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,088 | €58,916 | +€5,828 | +11.0% |
| Other operating charges | 640/8 | €3,721 | €7,859 | +€4,139 | +111% |
| Non-recurring operating charges | 66A | - | €8,468 | +€8,468 | |
| Gross operating margin | 9900 | €637,306 | €628,200 | -€9,106 | -1.4% |
| Operating profit (loss) | 9901 | €96,780 | €61,356 | -€35,424 | -36.6% |
| Financial income | 75/76B | €1,882 | €1,809 | -€73 | -3.9% |
| Recurring financial income | 75 | €1,882 | €1,809 | -€73 | -3.9% |
| Financial charges | 65/66B | €2,309 | €2,491 | +€182 | +7.9% |
| Recurring financial charges | 65 | €2,309 | €2,491 | +€182 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €96,353 | €60,674 | -€35,679 | -37.0% |
| Income taxes | 67/77 | €23,818 | €21,135 | -€2,683 | -11.3% |
| Profit (loss) for the period | 9904 | €72,534 | €39,538 | -€32,996 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,534 | €39,538 | -€32,996 | -45.5% |
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 14 October 2026 via checked.be.