CHAUDRAL: 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.
CHAUDRAL
Largest movements
- Receivables within one year +€44,584
up €44,584 (+23.3%), from €191,297 to €235,881
of which Trade receivables: +€45,621
- Cash -€38,391
down €38,391 (-11.0%), from €348,150 to €309,759
mainly Trade debts (-€58,549) and Receivables within one year (-€44,584)
- Stocks and contracts +€32,731
up €32,731 (+30.8%), from €106,174 to €138,906
- Reserves +€116,653
up €116,653 (+31.5%), from €370,146 to €486,800
of which Distributable reserves: +€116,653
- Trade debts -€58,549
down €58,549 (-32.9%), from €177,957 to €119,408
- Other debts -€23,000
down €23,000 (-100%), from €23,000 to €0
- Staff costs -€75,080
down €75,080 (-20.5%), from €366,258 to €291,178
- Gross operating margin +€44,428
up €44,428 (+10.8%), from €409,702 to €454,129
- Taxes +€35,763
up €35,763 (+764%), from €4,678 to €40,441
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 | €657,944 | €688,164 | +€30,220 | +4.6% |
| Fixed assets | 21/28 | €3,838 | €1,697 | -€2,141 | -55.8% |
| Tangible fixed assets | 22/27 | €3,838 | €1,697 | -€2,141 | -55.8% |
| Plant, machinery and equipment | 23 | €687 | €699 | +€12 | +1.7% |
| Furniture and vehicles | 24 | €3,151 | €998 | -€2,153 | -68.3% |
| Current assets | 29/58 | €654,106 | €686,468 | +€32,362 | +4.9% |
| Stocks and contracts in progress | 3 | €106,174 | €138,906 | +€32,731 | +30.8% |
| Stocks | 30/36 | €106,174 | €138,906 | +€32,731 | +30.8% |
| Amounts receivable within one year | 40/41 | €191,297 | €235,881 | +€44,584 | +23.3% |
| Trade receivables | 40 | €183,911 | €229,532 | +€45,621 | +24.8% |
| Other amounts receivable | 41 | €7,387 | €6,350 | -€1,037 | -14.0% |
| Cash at bank and in hand | 54/58 | €348,150 | €309,759 | -€38,391 | -11.0% |
| Deferred charges and accrued income | 490/1 | €8,485 | €1,921 | -€6,563 | -77.4% |
| Total equity and liabilities | 10/49 | €657,944 | €688,164 | +€30,220 | +4.6% |
| Equity | 10/15 | €432,146 | €548,800 | +€116,653 | +27.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €370,146 | €486,800 | +€116,653 | +31.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €363,946 | €480,600 | +€116,653 | +32.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,235 | €4,361 | +€1,127 | +34.8% |
| Provisions for liabilities and charges | 160/5 | €3,235 | €4,361 | +€1,127 | +34.8% |
| Other liabilities and charges | 164/5 | €3,235 | €4,361 | +€1,127 | +34.8% |
| Amounts payable | 17/49 | €222,563 | €135,003 | -€87,560 | -39.3% |
| Amounts payable within one year | 42/48 | €221,850 | €135,003 | -€86,847 | -39.1% |
| Trade debts | 44 | €177,957 | €119,408 | -€58,549 | -32.9% |
| Suppliers | 440/4 | €177,957 | €119,408 | -€58,549 | -32.9% |
| Taxes, remuneration and social security | 45 | €20,893 | €15,595 | -€5,298 | -25.4% |
| Taxes | 450/3 | €284 | €0 | -€284 | -100% |
| Remuneration and social security | 454/9 | €20,609 | €15,595 | -€5,014 | -24.3% |
| Other amounts payable | 47/48 | €23,000 | €0 | -€23,000 | -100% |
| Accrued charges and deferred income | 492/3 | €713 | €0 | -€713 | -100% |
| Non-recurring operating income | 76A | €869 | €0 | -€869 | -100% |
| Remuneration, social security and pensions | 62 | €366,258 | €291,178 | -€75,080 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,571 | €3,578 | -€993 | -21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €378 | €1,127 | +€748 | +198% |
| Other operating charges | 640/8 | €1,714 | €2,575 | +€860 | +50.2% |
| Gross operating margin | 9900 | €409,702 | €454,129 | +€44,428 | +10.8% |
| Operating profit (loss) | 9901 | €36,780 | €155,671 | +€118,891 | +323% |
| Financial income | 75/76B | €1,612 | €1,761 | +€149 | +9.3% |
| Recurring financial income | 75 | €1,612 | €1,761 | +€149 | +9.3% |
| Financial charges | 65/66B | €247 | €338 | +€90 | +36.5% |
| Recurring financial charges | 65 | €247 | €338 | +€90 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €38,144 | €157,095 | +€118,950 | +312% |
| Income taxes | 67/77 | €4,678 | €40,441 | +€35,763 | +764% |
| Profit (loss) for the period | 9904 | €33,466 | €116,653 | +€83,187 | +249% |
| Profit (loss) for the period to be appropriated | 9905 | €33,466 | €116,653 | +€83,187 | +249% |
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 24 October 2026 via checked.be.