Chazas: 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.
What changed
Chazas
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€119,455
2024 · €163,647-€44,191
Equity
€5.6m
2024 · €5.5m+€119,455
Cash
€43,845
2024 · €199,585-€155,740
Balance sheet total
€6.5m
2024 · €6.3m+€193,916
Largest movements
Assets
- Tangible fixed assets +€384,565
up €384,565 (+6.8%), from €5.6m to €6.0m
of which Land and buildings: +€676,452
- Cash -€155,740
down €155,740 (-78.0%), from €199,585 to €43,845
mainly Investment in fixed assets (net) (-€693,764) and Advances received (-€35,870)
Equity and liabilities
- Reserves +€119,455
up €119,455 (+5.1%), from €2.4m to €2.5m
of which Distributable reserves: +€141,345
- Trade debts +€88,498
up €88,498 (+29.2%), from €303,099 to €391,597
Income statement
- Gross operating margin -€29,412
down €29,412 (-4.4%), from €665,560 to €636,148
- Depreciation +€29,303
up €29,303 (+10.5%), from €279,896 to €309,199
- Taxes -€20,630
down €20,630 (-23.8%), from €86,635 to €66,006
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.
Result 2024
€163,647
Gross operating margin
-€29,412
Depreciation
-€29,303
Other operating charges
-€3,292
Financial income
-€6,168
Financial charges
+€3,354
Taxes
+€20,630
Result 2025
€119,455
raises the resultlowers the result
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.
From operations
+€582,681
Investment
-€693,764
Financing
-€44,658
Cash 2024
€199,585
From operations (derived)
+€582,681
Net result for the year
+€119,455
Depreciation
+€309,199
Receivables within one year
+€37,472
Deferred charges and accrued income
-€2,563
Provisions
-€7,296
Trade debts
+€88,498
Tax, wage and social debts
+€17,794
Advances received
-€35,870
Other debts
+€57,213
Accrued charges and deferred income
-€1,221
Investment (derived)
-€693,764
Investment in fixed assets (net)
-€693,764
Financing
-€44,658
Debts after one year
-€19,243
Current portion of long-term debt
-€25,414
Cash 2025
€43,845
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,264,496 | €6,458,411 | +€193,916 | +3.1% |
| Fixed assets | 21/28 | €6,020,322 | €6,404,887 | +€384,565 | +6.4% |
| Tangible fixed assets | 22/27 | €5,617,891 | €6,002,456 | +€384,565 | +6.8% |
| Land and buildings | 22 | €5,324,897 | €6,001,349 | +€676,452 | +12.7% |
| Plant, machinery and equipment | 23 | €291,283 | - | -€291,283 | |
| Furniture and vehicles | 24 | €1,711 | €1,108 | -€604 | -35.3% |
| Financial fixed assets | 28 | €402,430 | €402,430 | = | 0.0% |
| Current assets | 29/58 | €244,174 | €53,525 | -€190,649 | -78.1% |
| Amounts receivable within one year | 40/41 | €37,472 | - | -€37,472 | |
| Other amounts receivable | 41 | €37,472 | - | -€37,472 | |
| Cash at bank and in hand | 54/58 | €199,585 | €43,845 | -€155,740 | -78.0% |
| Deferred charges and accrued income | 490/1 | €7,117 | €9,680 | +€2,563 | +36.0% |
| Total equity and liabilities | 10/49 | €6,264,496 | €6,458,411 | +€193,916 | +3.1% |
| Equity | 10/15 | €5,479,452 | €5,598,907 | +€119,455 | +2.2% |
| Contributions | 10/11 | €3,018,104 | €3,018,104 | = | 0.0% |
| Capital | 10 | €3,014,385 | €3,014,385 | = | 0.0% |
| Issued capital | 100 | €3,014,385 | €3,014,385 | = | 0.0% |
| Contributions outside capital | 11 | €3,718 | €3,718 | = | 0.0% |
| Share premium | 1100/10 | €3,718 | €3,718 | = | 0.0% |
| Reserves | 13 | €2,360,901 | €2,480,356 | +€119,455 | +5.1% |
| Non-distributable reserves | 130/1 | €301,439 | €301,439 | = | 0.0% |
| Legal reserve | 130 | €301,439 | €301,439 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,656 | €195,767 | -€21,889 | -10.1% |
| Distributable reserves | 133 | €1,841,806 | €1,983,151 | +€141,345 | +7.7% |
| Profit (loss) carried forward | 14 | €100,447 | €100,447 | = | 0.0% |
| Provisions and deferred taxes | 16 | €72,553 | €65,257 | -€7,296 | -10.1% |
| Deferred taxes | 168 | €72,553 | €65,257 | -€7,296 | -10.1% |
| Amounts payable | 17/49 | €712,491 | €794,248 | +€81,756 | +11.5% |
| Amounts payable after more than one year | 17 | €27,435 | €8,191 | -€19,243 | -70.1% |
| Financial debts | 170/4 | €19,243 | - | -€19,243 | |
| Other amounts payable | 178/9 | €8,191 | €8,191 | = | 0.0% |
| Amounts payable within one year | 42/48 | €668,571 | €770,792 | +€102,221 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €44,658 | €19,243 | -€25,414 | -56.9% |
| Trade debts | 44 | €303,099 | €391,597 | +€88,498 | +29.2% |
| Suppliers | 440/4 | €303,099 | €391,597 | +€88,498 | +29.2% |
| Advances received on contracts in progress | 46 | €61,523 | €25,653 | -€35,870 | -58.3% |
| Taxes, remuneration and social security | 45 | €25,688 | €43,483 | +€17,794 | +69.3% |
| Taxes | 450/3 | €25,688 | €43,483 | +€17,794 | +69.3% |
| Other amounts payable | 47/48 | €233,603 | €290,816 | +€57,213 | +24.5% |
| Accrued charges and deferred income | 492/3 | €16,485 | €15,264 | -€1,221 | -7.4% |
| Non-recurring operating income | 76A | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,896 | €309,199 | +€29,303 | +10.5% |
| Other operating charges | 640/8 | €130,696 | €133,988 | +€3,292 | +2.5% |
| Gross operating margin | 9900 | €665,560 | €636,148 | -€29,412 | -4.4% |
| Operating profit (loss) | 9901 | €254,969 | €192,961 | -€62,008 | -24.3% |
| Financial income | 75/76B | €10,207 | €4,040 | -€6,168 | -60.4% |
| Recurring financial income | 75 | €10,207 | €4,040 | -€6,168 | -60.4% |
| Financial charges | 65/66B | €22,190 | €18,836 | -€3,354 | -15.1% |
| Recurring financial charges | 65 | €22,190 | €18,836 | -€3,354 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €242,986 | €178,165 | -€64,821 | -26.7% |
| Transfer from deferred taxes | 780 | €7,296 | €7,296 | = | 0.0% |
| Income taxes | 67/77 | €86,635 | €66,006 | -€20,630 | -23.8% |
| Profit (loss) for the period | 9904 | €163,647 | €119,455 | -€44,191 | -27.0% |
| Transfer from tax-exempt reserves | 789 | €21,889 | €21,889 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €185,536 | €141,345 | -€44,191 | -23.8% |
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 15 October 2026 via checked.be.