CHAWBEL: 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.
CHAWBEL
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+471.2%), from €504,872 to €2.9m
of which Land and buildings: +€2.4m
- Revaluation surpluses +€2.4m
new in 2025: €2.4m
- Reserves +€233,529
up €233,529 (+556.2%), from €41,990 to €275,518
of which Distributable reserves: +€248,685
- Profit (loss) carried forward -€191,024
down €191,024 (-79.4%), from €240,675 to €49,652
- Other debts -€46,282
down €46,282 (-32.7%), from €141,408 to €95,127
- Depreciation +€249,155
up €249,155 (+1076.8%), from €23,139 to €272,294
- Turnover +€21,961
up €21,961 (+13.7%), from €160,191 to €182,152
- Purchases and services +€20,046
up €20,046 (+46.8%), from €42,839 to €62,885
- Taxes -€17,159
no longer reported in 2025 (was €17,159)
- Other operating charges +€5,667
up €5,667 (+11.2%), from €50,738 to €56,406
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 | €871,185 | €3,232,058 | +€2.4m | +271.0% |
| Fixed assets | 21/28 | €624,987 | €3,004,173 | +€2.4m | +380.7% |
| Tangible fixed assets | 22/27 | €504,872 | €2,884,058 | +€2.4m | +471.2% |
| Land and buildings | 22 | €472,370 | €2,853,868 | +€2.4m | +504.2% |
| Furniture and vehicles | 24 | - | €1,882 | +€1,882 | |
| Other tangible fixed assets | 26 | €32,502 | €28,308 | -€4,194 | -12.9% |
| Financial fixed assets | 28 | €120,115 | €120,115 | = | 0.0% |
| Current assets | 29/58 | €246,198 | €227,886 | -€18,313 | -7.4% |
| Amounts receivable within one year | 40/41 | €54,518 | €47,475 | -€7,043 | -12.9% |
| Other amounts receivable | 41 | €54,518 | €47,475 | -€7,043 | -12.9% |
| Cash at bank and in hand | 54/58 | €187,369 | €176,001 | -€11,368 | -6.1% |
| Deferred charges and accrued income | 490/1 | €4,312 | €4,410 | +€98 | +2.3% |
| Total equity and liabilities | 10/49 | €871,185 | €3,232,058 | +€2.4m | +271.0% |
| Equity | 10/15 | €594,665 | €3,037,613 | +€2.4m | +410.8% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,400,443 | +€2.4m | |
| Reserves | 13 | €41,990 | €275,518 | +€233,529 | +556.2% |
| Non-distributable reserves | 130/1 | €22,565 | €22,565 | = | 0.0% |
| Legal reserve | 130 | €22,565 | €22,565 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,424 | €4,268 | -€15,156 | -78.0% |
| Distributable reserves | 133 | - | €248,685 | +€248,685 | |
| Profit (loss) carried forward | 14 | €240,675 | €49,652 | -€191,024 | -79.4% |
| Provisions and deferred taxes | 16 | €73,044 | €69,255 | -€3,789 | -5.2% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €55,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €55,000 | €55,000 | = | 0.0% |
| Deferred taxes | 168 | €18,044 | €14,255 | -€3,789 | -21.0% |
| Amounts payable | 17/49 | €203,477 | €125,191 | -€78,286 | -38.5% |
| Amounts payable after more than one year | 17 | €24,000 | €24,000 | = | 0.0% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €179,477 | €101,191 | -€78,286 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €20,340 | - | -€20,340 | |
| Trade debts | 44 | €8,465 | €6,064 | -€2,401 | -28.4% |
| Suppliers | 440/4 | €8,465 | €6,064 | -€2,401 | -28.4% |
| Taxes, remuneration and social security | 45 | €9,264 | - | -€9,264 | |
| Taxes | 450/3 | €9,264 | - | -€9,264 | |
| Other amounts payable | 47/48 | €141,408 | €95,127 | -€46,282 | -32.7% |
| Turnover | 70 | €160,191 | €182,152 | +€21,961 | +13.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,839 | €62,885 | +€20,046 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,139 | €272,294 | +€249,155 | +1076.8% |
| Other operating charges | 640/8 | €50,738 | €56,406 | +€5,667 | +11.2% |
| Gross operating margin | 9900 | €117,351 | €119,267 | +€1,916 | +1.6% |
| Operating profit (loss) | 9901 | €43,474 | -€209,432 | -€252,906 | |
| Financial charges | 65/66B | €728 | €536 | -€192 | -26.4% |
| Recurring financial charges | 65 | €728 | €536 | -€192 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €42,746 | -€209,969 | -€252,715 | |
| Transfer from deferred taxes | 780 | €18,945 | - | -€18,945 | |
| Income taxes | 67/77 | €17,159 | - | -€17,159 | |
| Profit (loss) for the period | 9904 | €44,533 | -€209,969 | -€254,501 | |
| Transfer from tax-exempt reserves | 789 | - | €18,945 | +€18,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,533 | -€191,024 | -€235,556 |
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 8 October 2026 via checked.be.