CHIAR OSCURO: 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.
CHIAR OSCURO
Largest movements
- Cash -€50,164
down €50,164 (-81.9%), from €61,225 to €11,061
mainly Accrued charges and deferred income (-€48,850) and Investment in fixed assets (net) (-€7,255)
- Tangible fixed assets +€4,765
up €4,765 (+135%), from €3,540 to €8,306
of which Land and buildings: +€3,709
- Receivables within one year +€2,104
up €2,104 (+8.9%), from €23,740 to €25,844
of which Other amounts receivable: +€3,787
- Accrued charges and deferred income -€48,850
down €48,850 (-99.5%), from €49,107 to €257
- Reserves +€3,163
up €3,163 (+17.2%), from €18,357 to €21,520
- Other debts +€3,041
new in 2025: €3,041
- Trade debts -€1,020
down €1,020 (-42.1%), from €2,421 to €1,401
- Gross operating margin +€38,120
up €38,120, from -€5,467 to €32,653
- Staff costs +€26,804
new in 2025: €26,804
- Depreciation -€3,382
down €3,382 (-60.4%), from €5,599 to €2,217
- Other operating charges -€690
down €690 (-63.4%), from €1,089 to €399
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 | €88,676 | €45,683 | -€42,993 | -48.5% |
| Fixed assets | 21/28 | €3,540 | €8,578 | +€5,037 | +142% |
| Tangible fixed assets | 22/27 | €3,540 | €8,306 | +€4,765 | +135% |
| Land and buildings | 22 | €577 | €4,286 | +€3,709 | +643% |
| Furniture and vehicles | 24 | €2,964 | €4,020 | +€1,056 | +35.6% |
| Financial fixed assets | 28 | - | €272 | +€272 | |
| Current assets | 29/58 | €85,136 | €37,106 | -€48,031 | -56.4% |
| Amounts receivable within one year | 40/41 | €23,740 | €25,844 | +€2,104 | +8.9% |
| Trade receivables | 40 | €20,176 | €18,493 | -€1,683 | -8.3% |
| Other amounts receivable | 41 | €3,563 | €7,351 | +€3,787 | +106% |
| Cash at bank and in hand | 54/58 | €61,225 | €11,061 | -€50,164 | -81.9% |
| Deferred charges and accrued income | 490/1 | €172 | €201 | +€29 | +17.1% |
| Total equity and liabilities | 10/49 | €88,676 | €45,683 | -€42,993 | -48.5% |
| Equity | 10/15 | €36,949 | €40,112 | +€3,163 | +8.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,357 | €21,520 | +€3,163 | +17.2% |
| Distributable reserves | 133 | €18,357 | €21,520 | +€3,163 | +17.2% |
| Amounts payable | 17/49 | €51,727 | €5,571 | -€46,156 | -89.2% |
| Amounts payable within one year | 42/48 | €2,621 | €5,315 | +€2,694 | +103% |
| Trade debts | 44 | €2,421 | €1,401 | -€1,020 | -42.1% |
| Suppliers | 440/4 | €2,421 | €1,401 | -€1,020 | -42.1% |
| Taxes, remuneration and social security | 45 | €200 | €873 | +€673 | +336% |
| Taxes | 450/3 | €200 | €200 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €673 | +€673 | |
| Other amounts payable | 47/48 | - | €3,041 | +€3,041 | |
| Accrued charges and deferred income | 492/3 | €49,107 | €257 | -€48,850 | -99.5% |
| Remuneration, social security and pensions | 62 | - | €26,804 | +€26,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,599 | €2,217 | -€3,382 | -60.4% |
| Other operating charges | 640/8 | €1,089 | €399 | -€690 | -63.4% |
| Gross operating margin | 9900 | -€5,467 | €32,653 | +€38,120 | |
| Operating profit (loss) | 9901 | -€12,155 | €3,233 | +€15,388 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €87 | €70 | -€17 | -19.4% |
| Recurring financial charges | 65 | €87 | €70 | -€17 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,239 | €3,163 | +€15,402 | |
| Income taxes | 67/77 | €200 | - | -€200 | |
| Profit (loss) for the period | 9904 | -€12,439 | €3,163 | +€15,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,439 | €3,163 | +€15,602 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.