CHI ON FIRST: 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 ON FIRST
Largest movements
- Cash +€104,946
up €104,946 (+51.1%), from €205,254 to €310,200
mainly Net result for the year (+€120,777) and Receivables within one year (+€33,146)
- Receivables within one year -€33,146
down €33,146 (-9.3%), from €357,290 to €324,144
of which Other amounts receivable: -€27,710
- Tangible fixed assets -€14,783
down €14,783 (-18.9%), from €78,135 to €63,351
of which Furniture and vehicles: -€13,606
- Reserves +€71,295
up €71,295 (+12.5%), from €571,736 to €643,031
- Debts after one year -€10,460
down €10,460 (-70.2%), from €14,909 to €4,449
- Trade debts -€8,349
down €8,349 (-47.3%), from €17,668 to €9,319
- Gross operating margin -€13,356
down €13,356 (-5.7%), from €235,262 to €221,906
- Taxes -€10,548
down €10,548 (-20.1%), from €52,350 to €41,802
- Staff costs -€4,933
down €4,933 (-9.6%), from €51,354 to €46,420
- Financial income -€3,434
down €3,434 (-14.9%), from €23,033 to €19,599
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 | €674,644 | €732,678 | +€58,034 | +8.6% |
| Fixed assets | 21/28 | €78,140 | €63,356 | -€14,783 | -18.9% |
| Tangible fixed assets | 22/27 | €78,135 | €63,351 | -€14,783 | -18.9% |
| Plant, machinery and equipment | 23 | €28,215 | €29,711 | +€1,496 | +5.3% |
| Furniture and vehicles | 24 | €32,950 | €19,344 | -€13,606 | -41.3% |
| Other tangible fixed assets | 26 | €16,970 | €14,296 | -€2,673 | -15.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €596,504 | €669,321 | +€72,817 | +12.2% |
| Stocks and contracts in progress | 3 | €29,221 | €31,169 | +€1,947 | +6.7% |
| Stocks | 30/36 | €29,221 | €31,169 | +€1,947 | +6.7% |
| Amounts receivable within one year | 40/41 | €357,290 | €324,144 | -€33,146 | -9.3% |
| Trade receivables | 40 | €10,208 | €4,772 | -€5,436 | -53.3% |
| Other amounts receivable | 41 | €347,082 | €319,372 | -€27,710 | -8.0% |
| Cash at bank and in hand | 54/58 | €205,254 | €310,200 | +€104,946 | +51.1% |
| Deferred charges and accrued income | 490/1 | €4,739 | €3,809 | -€930 | -19.6% |
| Total equity and liabilities | 10/49 | €674,644 | €732,678 | +€58,034 | +8.6% |
| Equity | 10/15 | €574,783 | €646,085 | +€71,302 | +12.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €571,736 | €643,031 | +€71,295 | +12.5% |
| Distributable reserves | 133 | €571,736 | €643,031 | +€71,295 | +12.5% |
| Profit (loss) carried forward | 14 | €47 | €54 | +€7 | +13.9% |
| Amounts payable | 17/49 | €99,861 | €86,593 | -€13,268 | -13.3% |
| Amounts payable after more than one year | 17 | €14,909 | €4,449 | -€10,460 | -70.2% |
| Financial debts | 170/4 | €14,909 | €4,449 | -€10,460 | -70.2% |
| Amounts payable within one year | 42/48 | €83,513 | €82,144 | -€1,369 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €10,162 | €10,460 | +€299 | +2.9% |
| Trade debts | 44 | €17,668 | €9,319 | -€8,349 | -47.3% |
| Suppliers | 440/4 | €17,668 | €9,319 | -€8,349 | -47.3% |
| Taxes, remuneration and social security | 45 | €55,683 | €62,364 | +€6,681 | +12.0% |
| Taxes | 450/3 | €47,774 | €56,366 | +€8,592 | +18.0% |
| Remuneration and social security | 454/9 | €7,910 | €5,999 | -€1,911 | -24.2% |
| Accrued charges and deferred income | 492/3 | €1,438 | - | -€1,438 | |
| Remuneration, social security and pensions | 62 | €51,354 | €46,420 | -€4,933 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,599 | €23,610 | +€2,011 | +9.3% |
| Other operating charges | 640/8 | €2,894 | €2,975 | +€81 | +2.8% |
| Gross operating margin | 9900 | €235,262 | €221,906 | -€13,356 | -5.7% |
| Operating profit (loss) | 9901 | €159,415 | €148,901 | -€10,515 | -6.6% |
| Financial income | 75/76B | €23,033 | €19,599 | -€3,434 | -14.9% |
| Recurring financial income | 75 | €23,033 | €19,599 | -€3,434 | -14.9% |
| Financial charges | 65/66B | €4,051 | €5,921 | +€1,870 | +46.1% |
| Recurring financial charges | 65 | €4,051 | €5,921 | +€1,870 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €178,397 | €162,579 | -€15,818 | -8.9% |
| Income taxes | 67/77 | €52,350 | €41,802 | -€10,548 | -20.1% |
| Profit (loss) for the period | 9904 | €126,047 | €120,777 | -€5,271 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €126,047 | €120,777 | -€5,271 | -4.2% |
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 25 October 2026 via checked.be.