CHESTNOTE: 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.
CHESTNOTE
Largest movements
- Receivables within one year +€168,719
up €168,719 (+81.6%), from €206,774 to €375,493
of which Other amounts receivable: +€176,747
- Cash -€36,922
down €36,922 (-100.0%), from €36,929 to €6
mainly Receivables within one year (-€168,719) and Advances received (-€36,949)
- Profit (loss) carried forward +€169,404
up €169,404 (+25.9%), from -€655,252 to -€485,847
- Advances received -€36,949
no longer reported in 2025 (was €36,949)
- Gross operating margin +€21,990
up €21,990 (+15.1%), from €145,522 to €167,513
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 | €243,703 | €375,499 | +€131,796 | +54.1% |
| Current assets | 29/58 | €243,703 | €375,499 | +€131,796 | +54.1% |
| Amounts receivable within one year | 40/41 | €206,774 | €375,493 | +€168,719 | +81.6% |
| Trade receivables | 40 | €8,028 | - | -€8,028 | |
| Other amounts receivable | 41 | €198,746 | €375,493 | +€176,747 | +88.9% |
| Cash at bank and in hand | 54/58 | €36,929 | €6 | -€36,922 | -100.0% |
| Total equity and liabilities | 10/49 | €243,703 | €375,499 | +€131,796 | +54.1% |
| Equity | 10/15 | €194,748 | €364,152 | +€169,404 | +87.0% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€655,252 | -€485,847 | +€169,404 | +25.9% |
| Amounts payable | 17/49 | €48,955 | €11,347 | -€37,608 | -76.8% |
| Amounts payable within one year | 42/48 | €48,955 | €11,347 | -€37,608 | -76.8% |
| Trade debts | 44 | €7,115 | €6,456 | -€659 | -9.3% |
| Suppliers | 440/4 | €7,115 | €6,456 | -€659 | -9.3% |
| Advances received on contracts in progress | 46 | €36,949 | - | -€36,949 | |
| Other amounts payable | 47/48 | €4,891 | €4,891 | = | 0.0% |
| Other operating charges | 640/8 | €818 | €907 | +€89 | +10.9% |
| Gross operating margin | 9900 | €145,522 | €167,513 | +€21,990 | +15.1% |
| Operating profit (loss) | 9901 | €144,704 | €166,606 | +€21,901 | +15.1% |
| Financial income | 75/76B | €1,244 | €2,844 | +€1,600 | +128.6% |
| Recurring financial income | 75 | €1,244 | €2,844 | +€1,600 | +128.6% |
| Financial charges | 65/66B | €141 | €45 | -€96 | -68.0% |
| Recurring financial charges | 65 | €141 | €45 | -€96 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €145,807 | €169,404 | +€23,597 | +16.2% |
| Profit (loss) for the period | 9904 | €145,807 | €169,404 | +€23,597 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145,807 | €169,404 | +€23,597 | +16.2% |
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 6 October 2026 via checked.be.