CHIARA: 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.
CHIARA
Largest movements
- Stocks and contracts +€16,759
up €16,759 (+31.9%), from €52,541 to €69,300
- Tangible fixed assets -€4,269
down €4,269 (-25.7%), from €16,621 to €12,352
of which Furniture and vehicles: -€4,125
- Current portion of long-term debt +€12,719
new in 2025: €12,719
- Trade debts -€8,773
down €8,773 (-39.7%), from €22,121 to €13,348
- Reserves +€7,257
up €7,257 (+13.0%), from €56,000 to €63,257
- Contributions +€4,743
up €4,743 (+23.2%), from €20,451 to €25,195
- Other debts -€3,408
down €3,408 (-97.4%), from €3,501 to €93
- Gross operating margin -€4,870
down €4,870 (-18.0%), from €27,122 to €22,251
- Depreciation +€2,717
up €2,717 (+175.0%), from €1,553 to €4,269
- Taxes -€2,274
down €2,274 (-27.6%), from €8,225 to €5,951
- Other operating charges +€617
up €617 (+57.1%), from €1,081 to €1,698
- Financial charges +€602
up €602 (+5745.2%), from €10 to €612
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 | €167,091 | €180,328 | +€13,237 | +7.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,711 | €12,442 | -€4,269 | -25.5% |
| Tangible fixed assets | 22/27 | €16,621 | €12,352 | -€4,269 | -25.7% |
| Furniture and vehicles | 24 | €16,365 | €12,240 | -€4,125 | -25.2% |
| Other tangible fixed assets | 26 | €256 | €112 | -€144 | -56.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €150,380 | €167,886 | +€17,506 | +11.6% |
| Stocks and contracts in progress | 3 | €52,541 | €69,300 | +€16,759 | +31.9% |
| Stocks | 30/36 | €52,541 | €69,300 | +€16,759 | +31.9% |
| Amounts receivable within one year | 40/41 | €141 | €1,706 | +€1,566 | +1112.0% |
| Trade receivables | 40 | €140 | €1,448 | +€1,308 | +934.3% |
| Other amounts receivable | 41 | €1 | €258 | +€258 | +32208.8% |
| Cash at bank and in hand | 54/58 | €97,602 | €96,879 | -€723 | -0.7% |
| Deferred charges and accrued income | 490/1 | €96 | €0 | -€96 | -100.0% |
| Total equity and liabilities | 10/49 | €167,091 | €180,328 | +€13,237 | +7.9% |
| Equity | 10/15 | €118,460 | €131,363 | +€12,903 | +10.9% |
| Contributions | 10/11 | €20,451 | €25,195 | +€4,743 | +23.2% |
| Reserves | 13 | €56,000 | €63,257 | +€7,257 | +13.0% |
| Distributable reserves | 133 | €56,000 | €63,257 | +€7,257 | +13.0% |
| Profit (loss) carried forward | 14 | €42,008 | €42,912 | +€903 | +2.1% |
| Amounts payable | 17/49 | €48,631 | €48,965 | +€334 | +0.7% |
| Amounts payable within one year | 42/48 | €48,631 | €48,965 | +€334 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,719 | +€12,719 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,121 | €13,348 | -€8,773 | -39.7% |
| Suppliers | 440/4 | €22,121 | €13,348 | -€8,773 | -39.7% |
| Taxes, remuneration and social security | 45 | €23,009 | €22,805 | -€204 | -0.9% |
| Taxes | 450/3 | €23,009 | €22,805 | -€204 | -0.9% |
| Other amounts payable | 47/48 | €3,501 | €93 | -€3,408 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,553 | €4,269 | +€2,717 | +175.0% |
| Other operating charges | 640/8 | €1,081 | €1,698 | +€617 | +57.1% |
| Gross operating margin | 9900 | €27,122 | €22,251 | -€4,870 | -18.0% |
| Operating profit (loss) | 9901 | €24,489 | €16,285 | -€8,204 | -33.5% |
| Financial income | 75/76B | €3,222 | €3,182 | -€40 | -1.3% |
| Recurring financial income | 75 | €3,222 | €3,182 | -€40 | -1.3% |
| Financial charges | 65/66B | €10 | €612 | +€602 | +5745.2% |
| Recurring financial charges | 65 | €10 | €612 | +€602 | +5745.2% |
| Profit (loss) for the period before taxes | 9903 | €27,700 | €18,855 | -€8,846 | -31.9% |
| Income taxes | 67/77 | €8,225 | €5,951 | -€2,274 | -27.6% |
| Profit (loss) for the period | 9904 | €19,475 | €12,903 | -€6,572 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,475 | €12,903 | -€6,572 | -33.7% |
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 7 October 2026 via checked.be.