CHAUD EXPRESS: 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.
CHAUD EXPRESS
Largest movements
- Receivables within one year +€185,237
up €185,237 (+127.5%), from €145,324 to €330,561
of which Other amounts receivable: +€170,081
- Tangible fixed assets -€90,447
down €90,447 (-49.9%), from €181,181 to €90,733
of which Land and buildings: -€53,448
- Stocks and contracts +€65,229
up €65,229 (+1539.3%), from €4,238 to €69,466
- Cash +€51,632
up €51,632 (+325.3%), from €15,872 to €67,504
mainly Net result for the year (+€205,240) and Other debts (+€125,000)
- Reserves +€239,231
up €239,231 (+128.4%), from €186,276 to €425,507
of which Tax-exempt reserves: +€364,231
- Profit (loss) carried forward -€158,991
down €158,991 (-167.1%), from -€95,132 to -€254,123
- Other debts +€125,000
new in 2025: €125,000
- Provisions +€121,410
new in 2025: €121,410
- Tax, wage and social debts -€53,569
down €53,569 (-83.4%), from €64,242 to €10,673
of which Remuneration and social security: -€32,504
- Staff costs -€211,593
down €211,593 (-97.8%), from €216,323 to €4,730
- Gross operating margin +€44,721
up €44,721 (+14.6%), from €305,602 to €350,324
- Depreciation -€22,534
down €22,534 (-75.7%), from €29,765 to €7,231
- Taxes -€16,797
down €16,797 (-94.8%), from €17,720 to €923
- Financial charges -€11,648
down €11,648 (-43.6%), from €26,731 to €15,084
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 | €396,615 | €610,244 | +€213,629 | +53.9% |
| Fixed assets | 21/28 | €181,181 | €92,712 | -€88,468 | -48.8% |
| Tangible fixed assets | 22/27 | €181,181 | €90,733 | -€90,447 | -49.9% |
| Land and buildings | 22 | €143,453 | €90,005 | -€53,448 | -37.3% |
| Plant, machinery and equipment | 23 | €29,803 | €239 | -€29,564 | -99.2% |
| Furniture and vehicles | 24 | €7,925 | €489 | -€7,436 | -93.8% |
| Financial fixed assets | 28 | - | €1,979 | +€1,979 | |
| Current assets | 29/58 | €215,434 | €517,532 | +€302,098 | +140.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,238 | €69,466 | +€65,229 | +1539.3% |
| Stocks | 30/36 | €4,238 | €69,466 | +€65,229 | +1539.3% |
| Amounts receivable within one year | 40/41 | €145,324 | €330,561 | +€185,237 | +127.5% |
| Trade receivables | 40 | €2,609 | €17,765 | +€15,156 | +581.0% |
| Other amounts receivable | 41 | €142,715 | €312,796 | +€170,081 | +119.2% |
| Cash at bank and in hand | 54/58 | €15,872 | €67,504 | +€51,632 | +325.3% |
| Total equity and liabilities | 10/49 | €396,615 | €610,244 | +€213,629 | +53.9% |
| Equity | 10/15 | €96,144 | €176,384 | +€80,240 | +83.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €186,276 | €425,507 | +€239,231 | +128.4% |
| Tax-exempt reserves | 132 | €13,776 | €378,007 | +€364,231 | +2644.0% |
| Distributable reserves | 133 | €172,500 | €47,500 | -€125,000 | -72.5% |
| Profit (loss) carried forward | 14 | -€95,132 | -€254,123 | -€158,991 | -167.1% |
| Provisions and deferred taxes | 16 | - | €121,410 | +€121,410 | |
| Deferred taxes | 168 | - | €121,410 | +€121,410 | |
| Amounts payable | 17/49 | €300,471 | €312,449 | +€11,978 | +4.0% |
| Amounts payable after more than one year | 17 | €95,920 | €76,433 | -€19,487 | -20.3% |
| Financial debts | 170/4 | €95,920 | €76,433 | -€19,487 | -20.3% |
| Amounts payable within one year | 42/48 | €201,888 | €236,016 | +€34,128 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €51,533 | €49,565 | -€1,969 | -3.8% |
| Financial debts | 43 | €52,371 | €36,647 | -€15,723 | -30.0% |
| Credit institutions | 430/8 | €52,371 | €36,647 | -€15,723 | -30.0% |
| Trade debts | 44 | €33,742 | €14,131 | -€19,611 | -58.1% |
| Suppliers | 440/4 | €33,742 | €14,131 | -€19,611 | -58.1% |
| Taxes, remuneration and social security | 45 | €64,242 | €10,673 | -€53,569 | -83.4% |
| Taxes | 450/3 | €31,738 | €10,673 | -€21,065 | -66.4% |
| Remuneration and social security | 454/9 | €32,504 | - | -€32,504 | |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Accrued charges and deferred income | 492/3 | €2,663 | - | -€2,663 | |
| Non-recurring operating income | 76A | - | €485,641 | +€485,641 | |
| Remuneration, social security and pensions | 62 | €216,323 | €4,730 | -€211,593 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,765 | €7,231 | -€22,534 | -75.7% |
| Other operating charges | 640/8 | €10,341 | €7,985 | -€2,355 | -22.8% |
| Gross operating margin | 9900 | €305,602 | €350,324 | +€44,721 | +14.6% |
| Operating profit (loss) | 9901 | €49,173 | €330,377 | +€281,203 | +571.9% |
| Financial income | 75/76B | €8,314 | €12,281 | +€3,968 | +47.7% |
| Recurring financial income | 75 | €8,314 | €12,281 | +€3,968 | +47.7% |
| Financial charges | 65/66B | €26,731 | €15,084 | -€11,648 | -43.6% |
| Recurring financial charges | 65 | €26,731 | €15,084 | -€11,648 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €30,756 | €327,574 | +€296,818 | +965.1% |
| Transfer to deferred taxes | 680 | - | €121,410 | +€121,410 | |
| Income taxes | 67/77 | €17,720 | €923 | -€16,797 | -94.8% |
| Profit (loss) for the period | 9904 | €13,035 | €205,240 | +€192,205 | +1474.5% |
| Transfer to tax-exempt reserves | 689 | - | €364,231 | +€364,231 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,035 | -€158,991 | -€172,026 |
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 7 October 2026 via checked.be.