CHICAZ: 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.
CHICAZ
Largest movements
- Receivables within one year -€32,677
down €32,677 (-74.0%), from €44,180 to €11,503
of which Other amounts receivable: -€16,952
- Cash -€24,192
down €24,192 (-60.2%), from €40,203 to €16,010
mainly Net result for the year (-€127,048) and Investment in fixed assets (net) (-€34,953)
- Deferred charges and accrued income -€23,280
down €23,280 (-95.2%), from €24,441 to €1,161
- Stocks and contracts -€16,076
down €16,076 (-21.4%), from €74,948 to €58,872
- Tangible fixed assets +€6,979
up €6,979 (+6.5%), from €107,955 to €114,934
of which Plant, machinery and equipment: +€6,616
- Profit (loss) carried forward -€127,048
down €127,048 (-184%), from -€69,079 to -€196,127
- Other debts +€15,912
up €15,912 (+31.9%), from €49,912 to €65,824
- Tax, wage and social debts +€11,417
up €11,417 (+51.5%), from €22,184 to €33,601
of which Remuneration and social security: +€14,607
- Accrued charges and deferred income +€10,556
new in 2025: €10,556
- Trade debts +€6,579
up €6,579 (+16.8%), from €39,061 to €45,640
- Staff costs +€60,636
up €60,636 (+67.7%), from €89,593 to €150,229
- Financial charges +€23,261
up €23,261 (+485%), from €4,798 to €28,059
of which Non-recurring financial charges: +€20,418
- Other operating charges +€6,403
up €6,403 (+586%), from €1,092 to €7,494
- Depreciation +€6,030
up €6,030 (+34.3%), from €17,594 to €23,624
- Gross operating margin +€3,701
up €3,701 (+4.7%), from €78,535 to €82,236
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 | €292,144 | €207,248 | -€84,896 | -29.1% |
| Fixed assets | 21/28 | €108,372 | €119,702 | +€11,329 | +10.5% |
| Intangible fixed assets | 21 | - | €4,350 | +€4,350 | |
| Tangible fixed assets | 22/27 | €107,955 | €114,934 | +€6,979 | +6.5% |
| Plant, machinery and equipment | 23 | €2,440 | €9,056 | +€6,616 | +271% |
| Furniture and vehicles | 24 | €998 | €5,208 | +€4,209 | +422% |
| Other tangible fixed assets | 26 | €104,517 | €100,671 | -€3,847 | -3.7% |
| Financial fixed assets | 28 | €417 | €417 | = | 0.0% |
| Current assets | 29/58 | €183,771 | €87,546 | -€96,225 | -52.4% |
| Stocks and contracts in progress | 3 | €74,948 | €58,872 | -€16,076 | -21.4% |
| Stocks | 30/36 | €74,948 | €58,872 | -€16,076 | -21.4% |
| Amounts receivable within one year | 40/41 | €44,180 | €11,503 | -€32,677 | -74.0% |
| Trade receivables | 40 | €27,227 | €11,503 | -€15,725 | -57.8% |
| Other amounts receivable | 41 | €16,952 | - | -€16,952 | |
| Cash at bank and in hand | 54/58 | €40,203 | €16,010 | -€24,192 | -60.2% |
| Deferred charges and accrued income | 490/1 | €24,441 | €1,161 | -€23,280 | -95.2% |
| Total equity and liabilities | 10/49 | €292,144 | €207,248 | -€84,896 | -29.1% |
| Equity | 10/15 | -€47,680 | -€174,728 | -€127,048 | -266% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €6,399 | €6,399 | = | 0.0% |
| Distributable reserves | 133 | €6,399 | €6,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,079 | -€196,127 | -€127,048 | -184% |
| Amounts payable | 17/49 | €339,823 | €381,976 | +€42,152 | +12.4% |
| Amounts payable after more than one year | 17 | €204,234 | €204,687 | +€453 | +0.2% |
| Financial debts | 170/4 | €204,234 | €204,687 | +€453 | +0.2% |
| Amounts payable within one year | 42/48 | €135,589 | €166,732 | +€31,143 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €24,432 | €21,667 | -€2,765 | -11.3% |
| Trade debts | 44 | €39,061 | €45,640 | +€6,579 | +16.8% |
| Suppliers | 440/4 | €39,061 | €45,640 | +€6,579 | +16.8% |
| Taxes, remuneration and social security | 45 | €22,184 | €33,601 | +€11,417 | +51.5% |
| Taxes | 450/3 | €5,696 | €2,506 | -€3,190 | -56.0% |
| Remuneration and social security | 454/9 | €16,488 | €31,096 | +€14,607 | +88.6% |
| Other amounts payable | 47/48 | €49,912 | €65,824 | +€15,912 | +31.9% |
| Accrued charges and deferred income | 492/3 | - | €10,556 | +€10,556 | |
| Remuneration, social security and pensions | 62 | €89,593 | €150,229 | +€60,636 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,594 | €23,624 | +€6,030 | +34.3% |
| Other operating charges | 640/8 | €1,092 | €7,494 | +€6,403 | +586% |
| Gross operating margin | 9900 | €78,535 | €82,236 | +€3,701 | +4.7% |
| Operating profit (loss) | 9901 | -€29,744 | -€99,112 | -€69,368 | -233% |
| Financial income | 75/76B | €1 | €123 | +€122 | +13,994% |
| Recurring financial income | 75 | €1 | €123 | +€122 | +13,994% |
| Financial charges | 65/66B | €4,798 | €28,059 | +€23,261 | +485% |
| Recurring financial charges | 65 | €4,798 | €7,641 | +€2,843 | +59.3% |
| Non-recurring financial charges | 66B | - | €20,418 | +€20,418 | |
| Profit (loss) for the period before taxes | 9903 | -€34,541 | -€127,048 | -€92,507 | -268% |
| Income taxes | 67/77 | €180 | - | -€180 | |
| Profit (loss) for the period | 9904 | -€34,721 | -€127,048 | -€92,327 | -266% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,721 | -€127,048 | -€92,327 | -266% |
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 1 November 2026 via checked.be.