Chic O'Ray: 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.
What changed
Chic O'Ray
NACE 70.200, Business and other management consultancy
fiscal year 31-12-2023 against 31-12-2024filed annual accounts (NBB)
Net result for the year
€352,535
31-12-2023 · €405,688-€53,154
Equity
€14.7m
31-12-2023 · €14.9m-€199,684
Cash
€182,513
31-12-2023 · €342,479-€159,967
Balance sheet total
€28.7m
31-12-2023 · €30.9m-€2.2m
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-4.3%), from €26.8m to €25.6m
of which Land and buildings: -€2.3m
- Receivables within one year -€786,186
down €786,186 (-33.1%), from €2.4m to €1.6m
of which Trade receivables: -€901,231
Equity and liabilities
- Short-term financial debts -€1.5m
down €1.5m (-51.8%), from €2.8m to €1.4m
- Trade debts -€1.1m
down €1.1m (-68.4%), from €1.6m to €520,241
- Provisions +€841,938
up €841,938 (+227.5%), from €370,069 to €1.2m
of which Provisions for liabilities and charges: +€769,196
- Revaluation surpluses -€552,219
down €552,219 (-18.7%), from €2.9m to €2.4m
- Debts after one year -€515,696
down €515,696 (-5.4%), from €9.5m to €9.0m
Income statement
- Gross operating margin +€225,506
up €225,506 (+19.1%), from €1.2m to €1.4m
- Financial charges +€142,794
up €142,794 (+41.4%), from €345,281 to €488,076
- Depreciation +€137,681
up €137,681 (+56.1%), from €245,245 to €382,925
- Taxes +€60,895
up €60,895 (+487.0%), from €12,505 to €73,400
From the 31-12-2023 result to the 31-12-2024 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.
Result 31-12-2023
€405,688
Gross operating margin
+€225,506
Depreciation
-€137,681
Write-downs
+€7,386
Other operating charges
+€4,648
Other operating items
-€10,327
Financial income
-€5,338
Financial charges
-€142,794
Taxes
-€60,895
Deferred taxes and other
+€66,343
Result 31-12-2024
€352,535
Cash bridge derived
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.7m
Investment
+€801,015
Financing
-€2.7m
Cash 31-12-2023
€342,479
From operations (derived)
+€1.7m
Net result for the year
+€352,535
Depreciation
+€382,925
Receivables within one year
+€786,186
Deferred charges and accrued income
+€58,796
Provisions
+€841,938
Trade debts
-€1.1m
Tax, wage and social debts
+€79,959
Other debts
+€315,919
Investment (derived)
+€801,015
Investment in fixed assets (net)
+€801,015
Financing
-€2.7m
Debts after one year
-€515,696
Current portion of long-term debt
-€108,250
Short-term financial debts
-€1.5m
Contributions, distributions and other
-€552,219
Cash 31-12-2024
€182,513
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,875,750 | €28,686,861 | -€2.2m | -7.1% |
| Fixed assets | 21/28 | €27,715,386 | €26,531,446 | -€1.2m | -4.3% |
| Intangible fixed assets | 21 | €55,928 | €27,505 | -€28,423 | -50.8% |
| Tangible fixed assets | 22/27 | €26,786,980 | €25,631,462 | -€1.2m | -4.3% |
| Land and buildings | 22 | €24,479,210 | €22,206,366 | -€2.3m | -9.3% |
| Furniture and vehicles | 24 | €481,770 | €524,866 | +€43,096 | +8.9% |
| Other tangible fixed assets | 26 | €386,105 | €1,460,335 | +€1.1m | +278.2% |
| Assets under construction and advance payments | 27 | €1,439,896 | €1,439,896 | = | 0.0% |
| Financial fixed assets | 28 | €872,479 | €872,479 | = | 0.0% |
| Current assets | 29/58 | €3,160,364 | €2,155,415 | -€1.0m | -31.8% |
| Stocks and contracts in progress | 3 | €386,059 | €386,059 | = | 0.0% |
| Stocks | 30/36 | €386,059 | €386,059 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,373,030 | €1,586,844 | -€786,186 | -33.1% |
| Trade receivables | 40 | €2,247,960 | €1,346,730 | -€901,231 | -40.1% |
| Other amounts receivable | 41 | €125,069 | €240,114 | +€115,045 | +92.0% |
| Cash at bank and in hand | 54/58 | €342,479 | €182,513 | -€159,967 | -46.7% |
| Deferred charges and accrued income | 490/1 | €58,796 | €0 | -€58,796 | -100.0% |
| Total equity and liabilities | 10/49 | €30,875,750 | €28,686,861 | -€2.2m | -7.1% |
| Equity | 10/15 | €14,922,424 | €14,722,739 | -€199,684 | -1.3% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,949,676 | €2,397,457 | -€552,219 | -18.7% |
| Reserves | 13 | €429,752 | €647,977 | +€218,225 | +50.8% |
| Tax-exempt reserves | 132 | €417,255 | €635,480 | +€218,225 | +52.3% |
| Distributable reserves | 133 | €12,497 | €12,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,542,996 | €1,677,305 | +€134,309 | +8.7% |
| Provisions and deferred taxes | 16 | €370,069 | €1,212,007 | +€841,938 | +227.5% |
| Provisions for liabilities and charges | 160/5 | €230,984 | €1,000,181 | +€769,196 | +333.0% |
| Other liabilities and charges | 164/5 | €230,984 | €1,000,181 | +€769,196 | +333.0% |
| Deferred taxes | 168 | €139,085 | €211,827 | +€72,742 | +52.3% |
| Amounts payable | 17/49 | €15,583,257 | €12,752,114 | -€2.8m | -18.2% |
| Amounts payable after more than one year | 17 | €9,468,853 | €8,953,157 | -€515,696 | -5.4% |
| Financial debts | 170/4 | €9,468,853 | €8,953,157 | -€515,696 | -5.4% |
| Amounts payable within one year | 42/48 | €6,114,404 | €3,798,957 | -€2.3m | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €554,943 | €446,693 | -€108,250 | -19.5% |
| Financial debts | 43 | €2,848,660 | €1,373,660 | -€1.5m | -51.8% |
| Credit institutions | 430/8 | €2,848,660 | €1,373,660 | -€1.5m | -51.8% |
| Trade debts | 44 | €1,648,316 | €520,241 | -€1.1m | -68.4% |
| Suppliers | 440/4 | €1,648,316 | €520,241 | -€1.1m | -68.4% |
| Advances received on contracts in progress | 46 | €361,250 | €361,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,188 | €94,146 | +€79,959 | +563.6% |
| Taxes | 450/3 | €13,306 | €93,264 | +€79,959 | +600.9% |
| Remuneration and social security | 454/9 | €882 | €882 | = | 0.0% |
| Other amounts payable | 47/48 | €687,047 | €1,002,966 | +€315,919 | +46.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €557,445 | €1,395,789 | +€838,344 | +150.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,245 | €382,925 | +€137,681 | +56.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,386 | -€7,386 | |
| Other operating charges | 640/8 | €48,113 | €43,466 | -€4,648 | -9.7% |
| Non-recurring operating charges | 66A | €0 | €10,327 | +€10,327 | |
| Gross operating margin | 9900 | €1,178,790 | €1,404,295 | +€225,506 | +19.1% |
| Operating profit (loss) | 9901 | €885,432 | €974,963 | +€89,531 | +10.1% |
| Financial income | 75/76B | €17,127 | €11,789 | -€5,338 | -31.2% |
| Recurring financial income | 75 | €17,127 | €11,789 | -€5,338 | -31.2% |
| Financial charges | 65/66B | €345,281 | €488,076 | +€142,794 | +41.4% |
| Recurring financial charges | 65 | €345,281 | €488,076 | +€142,794 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €557,278 | €498,677 | -€58,602 | -10.5% |
| Transfer from deferred taxes | 780 | - | €3,779 | +€3,779 | |
| Transfer to deferred taxes | 680 | €139,085 | €76,521 | -€62,564 | -45.0% |
| Income taxes | 67/77 | €12,505 | €73,400 | +€60,895 | +487.0% |
| Profit (loss) for the period | 9904 | €405,688 | €352,535 | -€53,154 | -13.1% |
| Transfer from tax-exempt reserves | 789 | - | €11,336 | +€11,336 | |
| Transfer to tax-exempt reserves | 689 | €417,255 | €229,562 | -€187,693 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,566 | €134,309 | +€145,876 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.