CHINOOK: 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.
CHINOOK
Largest movements
- Cash +€65,414
up €65,414 (+859%), from €7,613 to €73,027
mainly Depreciation (+€49,672) and Receivables within one year (+€23,704)
- Tangible fixed assets -€29,508
down €29,508 (-8.7%), from €340,325 to €310,817
- Receivables within one year -€23,704
down €23,704 (-46.6%), from €50,862 to €27,158
of which Trade receivables: -€15,730
- Reserves +€11,793
up €11,793 (+2.7%), from €433,152 to €444,945
of which Distributable reserves: +€11,793
- Financial income +€3,477
up €3,477 (+45.3%), from €7,669 to €11,146
- Depreciation +€2,405
up €2,405 (+5.1%), from €47,267 to €49,672
- Gross operating margin +€988
up €988 (+1.4%), from €70,810 to €71,797
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 | €829,319 | €842,384 | +€13,065 | +1.6% |
| Fixed assets | 21/28 | €340,325 | €310,817 | -€29,508 | -8.7% |
| Tangible fixed assets | 22/27 | €340,325 | €310,817 | -€29,508 | -8.7% |
| Land and buildings | 22 | €340,325 | €310,817 | -€29,508 | -8.7% |
| Current assets | 29/58 | €488,993 | €531,567 | +€42,573 | +8.7% |
| Amounts receivable after more than one year | 29 | €419,244 | €425,019 | +€5,775 | +1.4% |
| Other amounts receivable | 291 | €419,244 | €425,019 | +€5,775 | +1.4% |
| Amounts receivable within one year | 40/41 | €50,862 | €27,158 | -€23,704 | -46.6% |
| Trade receivables | 40 | €15,730 | €0 | -€15,730 | -100% |
| Other amounts receivable | 41 | €35,132 | €27,158 | -€7,974 | -22.7% |
| Cash at bank and in hand | 54/58 | €7,613 | €73,027 | +€65,414 | +859% |
| Deferred charges and accrued income | 490/1 | €11,275 | €6,362 | -€4,913 | -43.6% |
| Total equity and liabilities | 10/49 | €829,319 | €842,384 | +€13,065 | +1.6% |
| Equity | 10/15 | €593,152 | €604,945 | +€11,793 | +2.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €433,152 | €444,945 | +€11,793 | +2.7% |
| Tax-exempt reserves | 132 | €304 | €304 | = | 0.0% |
| Distributable reserves | 133 | €432,848 | €444,641 | +€11,793 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €236,167 | €237,439 | +€1,272 | +0.5% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Financial debts | 170/4 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,629 | €75,929 | +€299 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €806 | €3,182 | +€2,376 | +295% |
| Suppliers | 440/4 | €806 | €3,182 | +€2,376 | +295% |
| Taxes, remuneration and social security | 45 | €10,303 | €8,438 | -€1,865 | -18.1% |
| Taxes | 450/3 | €6,792 | €7,334 | +€542 | +8.0% |
| Remuneration and social security | 454/9 | €3,511 | €1,104 | -€2,407 | -68.6% |
| Other amounts payable | 47/48 | €64,520 | €64,309 | -€211 | -0.3% |
| Accrued charges and deferred income | 492/3 | €538 | €1,510 | +€973 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,267 | €49,672 | +€2,405 | +5.1% |
| Other operating charges | 640/8 | €3,251 | €3,865 | +€613 | +18.9% |
| Gross operating margin | 9900 | €70,810 | €71,797 | +€988 | +1.4% |
| Operating profit (loss) | 9901 | €20,291 | €18,261 | -€2,030 | -10.0% |
| Financial income | 75/76B | €7,669 | €11,146 | +€3,477 | +45.3% |
| Recurring financial income | 75 | €7,669 | €11,146 | +€3,477 | +45.3% |
| Financial charges | 65/66B | €10,627 | €10,265 | -€363 | -3.4% |
| Recurring financial charges | 65 | €10,627 | €10,265 | -€363 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €17,332 | €19,142 | +€1,810 | +10.4% |
| Income taxes | 67/77 | €5,830 | €6,516 | +€686 | +11.8% |
| Profit (loss) for the period | 9904 | €11,503 | €12,626 | +€1,123 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,503 | €12,626 | +€1,123 | +9.8% |
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 18 October 2026 via checked.be.