CHAX: 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.
CHAX
Largest movements
- Cash -€47,347
down €47,347 (-66.5%), from €71,148 to €23,801
mainly Contributions, distributions and other (-€28,200) and Receivables within one year (-€27,776)
- Receivables within one year +€27,776
up €27,776 (+499.4%), from €5,562 to €33,338
of which Trade receivables: +€15,481
- Current investments +€7,032
up €7,032 (+135.6%), from €5,187 to €12,219
- Tangible fixed assets -€3,925
down €3,925 (-2.2%), from €181,990 to €178,065
of which Plant, machinery and equipment: -€3,367
- Profit (loss) carried forward +€15,626
up €15,626 (+11.3%), from €138,154 to €153,780
- Other debts -€14,829
down €14,829 (-98.9%), from €15,000 to €171
- Debts after one year -€9,230
down €9,230 (-12.7%), from €72,614 to €63,384
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Purchases and services +€132,414
new in 2025: €132,414
- Gross operating margin -€80,374
down €80,374 (-56.3%), from €142,716 to €62,342
- Taxes -€18,712
down €18,712 (-65.3%), from €28,659 to €9,947
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 | €263,887 | €247,423 | -€16,464 | -6.2% |
| Fixed assets | 21/28 | €181,990 | €178,065 | -€3,925 | -2.2% |
| Tangible fixed assets | 22/27 | €181,990 | €178,065 | -€3,925 | -2.2% |
| Land and buildings | 22 | €19,200 | €19,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €156,856 | €153,489 | -€3,367 | -2.1% |
| Furniture and vehicles | 24 | €5,934 | €5,376 | -€558 | -9.4% |
| Current assets | 29/58 | €81,897 | €69,358 | -€12,539 | -15.3% |
| Amounts receivable within one year | 40/41 | €5,562 | €33,338 | +€27,776 | +499.4% |
| Trade receivables | 40 | €4,696 | €20,177 | +€15,481 | +329.7% |
| Other amounts receivable | 41 | €866 | €13,161 | +€12,295 | +1419.7% |
| Current investments | 50/53 | €5,187 | €12,219 | +€7,032 | +135.6% |
| Cash at bank and in hand | 54/58 | €71,148 | €23,801 | -€47,347 | -66.5% |
| Total equity and liabilities | 10/49 | €263,887 | €247,423 | -€16,464 | -6.2% |
| Equity | 10/15 | €146,214 | €155,640 | +€9,426 | +6.4% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,154 | €153,780 | +€15,626 | +11.3% |
| Amounts payable | 17/49 | €117,673 | €91,783 | -€25,890 | -22.0% |
| Amounts payable after more than one year | 17 | €72,614 | €63,384 | -€9,230 | -12.7% |
| Financial debts | 170/4 | €72,614 | €63,384 | -€9,230 | -12.7% |
| Amounts payable within one year | 42/48 | €45,059 | €28,399 | -€16,660 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €9,230 | €9,230 | = | 0.0% |
| Trade debts | 44 | €613 | €65 | -€548 | -89.4% |
| Suppliers | 440/4 | €613 | €65 | -€548 | -89.4% |
| Taxes, remuneration and social security | 45 | €20,216 | €18,933 | -€1,283 | -6.3% |
| Taxes | 450/3 | €20,216 | €18,933 | -€1,283 | -6.3% |
| Other amounts payable | 47/48 | €15,000 | €171 | -€14,829 | -98.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €132,414 | +€132,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,243 | €10,593 | +€1,350 | +14.6% |
| Other operating charges | 640/8 | €346 | €471 | +€125 | +36.1% |
| Gross operating margin | 9900 | €142,716 | €62,342 | -€80,374 | -56.3% |
| Operating profit (loss) | 9901 | €133,127 | €51,278 | -€81,849 | -61.5% |
| Financial income | 75/76B | €10 | €38 | +€28 | +280.0% |
| Recurring financial income | 75 | €10 | €38 | +€28 | +280.0% |
| Financial charges | 65/66B | €2,968 | €3,743 | +€775 | +26.1% |
| Recurring financial charges | 65 | €2,968 | €3,743 | +€775 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €130,169 | €47,573 | -€82,596 | -63.5% |
| Income taxes | 67/77 | €28,659 | €9,947 | -€18,712 | -65.3% |
| Profit (loss) for the period | 9904 | €101,510 | €37,626 | -€63,884 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,510 | €37,626 | -€63,884 | -62.9% |
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 29 September 2026 via checked.be.