CHI-MAN-ETI: 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.
CHI-MAN-ETI
Largest movements
- Cash +€61,769
up €61,769 (+4,812%), from €1,284 to €63,053
mainly Receivables within one year (+€59,502) and Other debts (+€16,454)
- Receivables within one year -€59,502
down €59,502 (-68.0%), from €87,502 to €28,000
- Other debts +€16,454
new in 2025: €16,454
- Current portion of long-term debt -€10,166
no longer reported in 2025 (was €10,166)
- Reserves -€10,000
down €10,000 (-3.0%), from €333,278 to €323,278
of which Distributable reserves: -€10,000
- Gross operating margin +€2,857
up €2,857 (+67.2%), from -€4,249 to -€1,392
- Other operating charges +€480
up €480 (+28.1%), from €1,710 to €2,191
- Financial charges -€396
down €396 (-52.7%), from €753 to €356
- Depreciation -€49
down €49 (-1.5%), from €3,212 to €3,163
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €529,042 | €528,145 | -€896 | -0.2% |
| Fixed assets | 21/28 | €440,256 | €437,093 | -€3,163 | -0.7% |
| Tangible fixed assets | 22/27 | €440,256 | €437,093 | -€3,163 | -0.7% |
| Land and buildings | 22 | €440,256 | €437,093 | -€3,163 | -0.7% |
| Current assets | 29/58 | €88,786 | €91,053 | +€2,267 | +2.6% |
| Amounts receivable within one year | 40/41 | €87,502 | €28,000 | -€59,502 | -68.0% |
| Other amounts receivable | 41 | €87,502 | €28,000 | -€59,502 | -68.0% |
| Cash at bank and in hand | 54/58 | €1,284 | €63,053 | +€61,769 | +4,812% |
| Total equity and liabilities | 10/49 | €529,042 | €528,145 | -€896 | -0.2% |
| Equity | 10/15 | €518,650 | €511,547 | -€7,102 | -1.4% |
| Contributions | 10/11 | €184,777 | €184,777 | = | 0.0% |
| Reserves | 13 | €333,278 | €323,278 | -€10,000 | -3.0% |
| Non-distributable reserves | 130/1 | €19,717 | €19,717 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,717 | €19,717 | = | 0.0% |
| Distributable reserves | 133 | €313,561 | €303,561 | -€10,000 | -3.2% |
| Profit (loss) carried forward | 14 | €594 | €3,492 | +€2,898 | +488% |
| Amounts payable | 17/49 | €10,392 | €16,598 | +€6,206 | +59.7% |
| Amounts payable within one year | 42/48 | €10,390 | €16,598 | +€6,208 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €10,166 | - | -€10,166 | |
| Trade debts | 44 | €224 | €144 | -€79 | -35.5% |
| Suppliers | 440/4 | €224 | €144 | -€79 | -35.5% |
| Other amounts payable | 47/48 | - | €16,454 | +€16,454 | |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,212 | €3,163 | -€49 | -1.5% |
| Other operating charges | 640/8 | €1,710 | €2,191 | +€480 | +28.1% |
| Gross operating margin | 9900 | -€4,249 | -€1,392 | +€2,857 | +67.2% |
| Operating profit (loss) | 9901 | -€9,171 | -€6,746 | +€2,425 | +26.4% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €753 | €356 | -€396 | -52.7% |
| Recurring financial charges | 65 | €753 | €356 | -€396 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,921 | -€7,102 | +€2,819 | +28.4% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€9,922 | -€7,102 | +€2,819 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,922 | -€7,102 | +€2,819 | +28.4% |
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 22 October 2026 via checked.be.