CHAVES: 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.
CHAVES
Largest movements
- Receivables after one year +€25,300
up €25,300 (+21.1%), from €120,000 to €145,300
- Cash -€11,446
down €11,446 (-25.3%), from €45,266 to €33,820
mainly Receivables after one year (-€25,300)
- Reserves +€9,000
up €9,000 (+483.9%), from €1,860 to €10,860
of which Distributable reserves: +€9,000
- Trade debts +€3,869
new in 2024: €3,869
- Gross operating margin +€7,748
up €7,748 (+324.3%), from €2,389 to €10,137
- Depreciation -€3,614
no longer reported in 2024 (was €3,614)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,722 | €319,577 | +€13,854 | +4.5% |
| Fixed assets | 21/28 | €139,877 | €139,877 | = | 0.0% |
| Tangible fixed assets | 22/27 | €139,877 | €139,877 | = | 0.0% |
| Land and buildings | 22 | €139,877 | €139,877 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €165,845 | €179,700 | +€13,854 | +8.4% |
| Amounts receivable after more than one year | 29 | €120,000 | €145,300 | +€25,300 | +21.1% |
| Other amounts receivable | 291 | €120,000 | €145,300 | +€25,300 | +21.1% |
| Amounts receivable within one year | 40/41 | €580 | €580 | = | 0.0% |
| Trade receivables | 40 | €580 | €580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,266 | €33,820 | -€11,446 | -25.3% |
| Total equity and liabilities | 10/49 | €305,722 | €319,577 | +€13,854 | +4.5% |
| Equity | 10/15 | €298,310 | €308,295 | +€9,985 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,860 | +€9,000 | +483.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | €277,850 | €278,835 | +€985 | +0.4% |
| Amounts payable | 17/49 | €7,412 | €11,281 | +€3,869 | +52.2% |
| Amounts payable within one year | 42/48 | €7,412 | €11,281 | +€3,869 | +52.2% |
| Trade debts | 44 | - | €3,869 | +€3,869 | |
| Suppliers | 440/4 | - | €3,869 | +€3,869 | |
| Advances received on contracts in progress | 46 | €2,445 | €2,445 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,967 | €4,967 | = | 0.0% |
| Taxes | 450/3 | €4,967 | €4,967 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,614 | - | -€3,614 | |
| Gross operating margin | 9900 | €2,389 | €10,137 | +€7,748 | +324.3% |
| Operating profit (loss) | 9901 | -€1,225 | €10,137 | +€11,362 | |
| Financial charges | 65/66B | €172 | €152 | -€21 | -11.9% |
| Recurring financial charges | 65 | €172 | €152 | -€21 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,397 | €9,985 | +€11,382 | |
| Profit (loss) for the period | 9904 | -€1,397 | €9,985 | +€11,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,397 | €9,985 | +€11,382 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.