CHAUVAUX: 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.
CHAUVAUX
Largest movements
- Cash +€296,993
up €296,993 (+180%), from €164,638 to €461,630
mainly Other debts (+€463,135) and Trade debts (+€234,279)
- Receivables within one year -€144,007
down €144,007 (-63.6%), from €226,374 to €82,367
of which Trade receivables: -€150,555
- Stocks and contracts +€63,460
up €63,460 (+2.4%), from €2.6m to €2.7m
- Other debts +€463,135
up €463,135 (+1,544%), from €29,987 to €493,122
- Reserves -€463,000
down €463,000 (-45.2%), from €1.0m to €560,551
of which Distributable reserves: -€463,000
- Trade debts +€234,279
up €234,279 (+174%), from €134,324 to €368,603
- Tax, wage and social debts -€164,491
down €164,491 (-89.7%), from €183,421 to €18,930
of which Taxes: -€173,865
- Profit (loss) carried forward +€146,182
up €146,182 (+9.3%), from €1.6m to €1.7m
- Gross operating margin -€130,117
down €130,117 (-23.6%), from €552,411 to €422,294
- Financial income -€126,610
down €126,610 (-95.7%), from €132,345 to €5,736
- Taxes -€93,634
down €93,634 (-68.3%), from €137,085 to €43,451
- Depreciation -€16,797
down €16,797 (-42.4%), from €39,658 to €22,861
- Staff costs +€8,878
up €8,878 (+4.4%), from €200,822 to €209,699
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 | €3,249,232 | €3,465,181 | +€215,949 | +6.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €251,417 | €236,947 | -€14,470 | -5.8% |
| Tangible fixed assets | 22/27 | €251,417 | €236,947 | -€14,470 | -5.8% |
| Land and buildings | 22 | €174,916 | €174,916 | = | 0.0% |
| Plant, machinery and equipment | 23 | €22,820 | €20,809 | -€2,011 | -8.8% |
| Furniture and vehicles | 24 | €53,682 | €41,222 | -€12,459 | -23.2% |
| Current assets | 29/58 | €2,997,815 | €3,228,234 | +€230,419 | +7.7% |
| Stocks and contracts in progress | 3 | €2,606,682 | €2,670,143 | +€63,460 | +2.4% |
| Stocks | 30/36 | €2,606,682 | €2,670,143 | +€63,460 | +2.4% |
| Amounts receivable within one year | 40/41 | €226,374 | €82,367 | -€144,007 | -63.6% |
| Trade receivables | 40 | €226,203 | €75,648 | -€150,555 | -66.6% |
| Other amounts receivable | 41 | €171 | €6,719 | +€6,548 | +3,834% |
| Current investments | 50/53 | €121 | €121 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €164,638 | €461,630 | +€296,993 | +180% |
| Deferred charges and accrued income | 490/1 | - | €13,973 | +€13,973 | |
| Total equity and liabilities | 10/49 | €3,249,232 | €3,465,181 | +€215,949 | +6.6% |
| Equity | 10/15 | €2,653,037 | €2,336,219 | -€316,818 | -11.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,023,551 | €560,551 | -€463,000 | -45.2% |
| Non-distributable reserves | 130/1 | €17,251 | €17,251 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €11,054 | €11,054 | = | 0.0% |
| Distributable reserves | 133 | €1,006,300 | €543,300 | -€463,000 | -46.0% |
| Profit (loss) carried forward | 14 | €1,567,512 | €1,713,694 | +€146,182 | +9.3% |
| Amounts payable | 17/49 | €596,195 | €1,128,962 | +€532,767 | +89.4% |
| Amounts payable within one year | 42/48 | €594,705 | €1,127,472 | +€532,767 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €16,972 | €16,816 | -€157 | -0.9% |
| Trade debts | 44 | €134,324 | €368,603 | +€234,279 | +174% |
| Suppliers | 440/4 | €134,324 | €368,603 | +€234,279 | +174% |
| Advances received on contracts in progress | 46 | €230,000 | €230,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €183,421 | €18,930 | -€164,491 | -89.7% |
| Taxes | 450/3 | €183,421 | €9,556 | -€173,865 | -94.8% |
| Remuneration and social security | 454/9 | - | €9,374 | +€9,374 | |
| Other amounts payable | 47/48 | €29,987 | €493,122 | +€463,135 | +1,544% |
| Accrued charges and deferred income | 492/3 | €1,490 | €1,490 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €200,822 | €209,699 | +€8,878 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,658 | €22,861 | -€16,797 | -42.4% |
| Other operating charges | 640/8 | €9,184 | €4,599 | -€4,585 | -49.9% |
| Gross operating margin | 9900 | €552,411 | €422,294 | -€130,117 | -23.6% |
| Operating profit (loss) | 9901 | €302,746 | €185,134 | -€117,612 | -38.8% |
| Financial income | 75/76B | €132,345 | €5,736 | -€126,610 | -95.7% |
| Recurring financial income | 75 | €132,345 | €5,736 | -€126,610 | -95.7% |
| Financial charges | 65/66B | €2,097 | €1,236 | -€861 | -41.1% |
| Recurring financial charges | 65 | €2,097 | €1,236 | -€861 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €432,994 | €189,633 | -€243,361 | -56.2% |
| Income taxes | 67/77 | €137,085 | €43,451 | -€93,634 | -68.3% |
| Profit (loss) for the period | 9904 | €295,909 | €146,182 | -€149,727 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €295,909 | €146,182 | -€149,727 | -50.6% |
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 25 October 2026 via checked.be.