CHIPS: 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.
CHIPS
Largest movements
- Formation expenses -€22,000
no longer reported in 2025 (was €22,000)
- Cash +€6,706
up €6,706 (+115.9%), from €5,785 to €12,491
mainly Investment in fixed assets (net) (+€18,814) and Current portion of long-term debt (+€7,553)
- Receivables within one year +€4,843
up €4,843 (+4.0%), from €121,770 to €126,612
of which Other amounts receivable: +€5,385
- Stocks and contracts +€4,296
new in 2025: €4,296
- Other debts -€11,916
down €11,916 (-52.8%), from €22,555 to €10,639
- Current portion of long-term debt +€7,553
up €7,553 (+24.9%), from €30,291 to €37,844
- Debts after one year -€6,811
down €6,811 (-13.1%), from €52,171 to €45,360
- Reserves +€5,650
up €5,650 (+8.0%), from €70,599 to €76,249
of which Distributable reserves: +€5,650
- Trade debts -€5,175
down €5,175 (-45.7%), from €11,330 to €6,155
- Gross operating margin +€11,324
up €11,324 (+89.9%), from €12,589 to €23,913
- Other operating charges +€1,240
up €1,240 (+74.0%), from €1,676 to €2,916
- Taxes +€975
up €975 (+73.0%), from €1,336 to €2,311
- Financial charges -€522
down €522 (-20.5%), from €2,549 to €2,027
- Depreciation +€437
up €437 (+11.3%), from €3,878 to €4,314
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 | €232,554 | €225,678 | -€6,876 | -3.0% |
| Formation expenses | 20 | €22,000 | - | -€22,000 | |
| Fixed assets | 21/28 | €81,118 | €79,990 | -€1,128 | -1.4% |
| Tangible fixed assets | 22/27 | €79,413 | €78,285 | -€1,128 | -1.4% |
| Land and buildings | 22 | €77,505 | €74,505 | -€3,000 | -3.9% |
| Plant, machinery and equipment | 23 | €1,847 | €997 | -€849 | -46.0% |
| Furniture and vehicles | 24 | €62 | €2,783 | +€2,721 | +4413.7% |
| Financial fixed assets | 28 | €1,705 | €1,705 | = | 0.0% |
| Current assets | 29/58 | €129,437 | €145,688 | +€16,252 | +12.6% |
| Stocks and contracts in progress | 3 | - | €4,296 | +€4,296 | |
| Stocks | 30/36 | - | €4,296 | +€4,296 | |
| Amounts receivable within one year | 40/41 | €121,770 | €126,612 | +€4,843 | +4.0% |
| Trade receivables | 40 | €104,680 | €104,137 | -€543 | -0.5% |
| Other amounts receivable | 41 | €17,090 | €22,475 | +€5,385 | +31.5% |
| Cash at bank and in hand | 54/58 | €5,785 | €12,491 | +€6,706 | +115.9% |
| Deferred charges and accrued income | 490/1 | €1,882 | €2,290 | +€407 | +21.6% |
| Total equity and liabilities | 10/49 | €232,554 | €225,678 | -€6,876 | -3.0% |
| Equity | 10/15 | €107,819 | €113,476 | +€5,657 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,599 | €76,249 | +€5,650 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,739 | €74,389 | +€5,650 | +8.2% |
| Profit (loss) carried forward | 14 | €18,619 | €18,627 | +€7 | 0.0% |
| Amounts payable | 17/49 | €124,736 | €112,203 | -€12,533 | -10.0% |
| Amounts payable after more than one year | 17 | €52,171 | €45,360 | -€6,811 | -13.1% |
| Financial debts | 170/4 | €52,171 | €45,360 | -€6,811 | -13.1% |
| Amounts payable within one year | 42/48 | €72,565 | €66,842 | -€5,722 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €30,291 | €37,844 | +€7,553 | +24.9% |
| Trade debts | 44 | €11,330 | €6,155 | -€5,175 | -45.7% |
| Suppliers | 440/4 | €11,330 | €6,155 | -€5,175 | -45.7% |
| Taxes, remuneration and social security | 45 | €8,388 | €12,204 | +€3,816 | +45.5% |
| Taxes | 450/3 | €1,701 | €1,701 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,687 | €10,503 | +€3,816 | +57.1% |
| Other amounts payable | 47/48 | €22,555 | €10,639 | -€11,916 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,878 | €4,314 | +€437 | +11.3% |
| Other operating charges | 640/8 | €1,676 | €2,916 | +€1,240 | +74.0% |
| Non-recurring operating charges | 66A | - | €6,692 | +€6,692 | |
| Gross operating margin | 9900 | €12,589 | €23,913 | +€11,324 | +89.9% |
| Operating profit (loss) | 9901 | €7,036 | €9,991 | +€2,955 | +42.0% |
| Financial income | 75/76B | €1 | €4 | +€3 | +322.5% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +322.5% |
| Financial charges | 65/66B | €2,549 | €2,027 | -€522 | -20.5% |
| Recurring financial charges | 65 | €2,549 | €2,027 | -€522 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €4,487 | €7,968 | +€3,481 | +77.6% |
| Income taxes | 67/77 | €1,336 | €2,311 | +€975 | +73.0% |
| Profit (loss) for the period | 9904 | €3,152 | €5,657 | +€2,506 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,152 | €5,657 | +€2,506 | +79.5% |
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 9 October 2026 via checked.be.