CHIRAG SUSHIL: 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.
CHIRAG SUSHIL
Largest movements
- Cash +€16,378
up €16,378 (+88.8%), from €18,438 to €34,816
mainly Net result for the year (+€22,831) and Depreciation (+€11,144)
- Tangible fixed assets -€11,144
down €11,144 (-30.0%), from €37,155 to €26,011
of which Furniture and vehicles: -€8,812
- Receivables within one year +€8,739
up €8,739 (+7.7%), from €113,787 to €122,526
- Profit (loss) carried forward +€22,831
up €22,831 (+47.2%), from €48,407 to €71,239
- Debts after one year -€12,684
down €12,684 (-44.9%), from €28,278 to €15,593
- Tax, wage and social debts +€3,783
up €3,783 (+10.9%), from €34,745 to €38,528
of which Remuneration and social security: +€7,839
- Gross operating margin +€49,187
up €49,187 (+37.7%), from €130,467 to €179,654
- Staff costs +€22,191
up €22,191 (+20.8%), from €106,463 to €128,653
- Taxes +€4,719
up €4,719 (+108%), from €4,350 to €9,069
- Depreciation -€2,223
down €2,223 (-16.6%), from €13,367 to €11,144
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 | €175,913 | €189,607 | +€13,694 | +7.8% |
| Fixed assets | 21/28 | €42,555 | €31,411 | -€11,144 | -26.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €37,155 | €26,011 | -€11,144 | -30.0% |
| Land and buildings | 22 | €20,203 | €18,805 | -€1,398 | -6.9% |
| Plant, machinery and equipment | 23 | €637 | €0 | -€637 | -100% |
| Furniture and vehicles | 24 | €14,525 | €5,714 | -€8,812 | -60.7% |
| Other tangible fixed assets | 26 | €1,790 | €1,492 | -€298 | -16.7% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €133,357 | €158,196 | +€24,839 | +18.6% |
| Amounts receivable within one year | 40/41 | €113,787 | €122,526 | +€8,739 | +7.7% |
| Other amounts receivable | 41 | €113,787 | €122,526 | +€8,739 | +7.7% |
| Cash at bank and in hand | 54/58 | €18,438 | €34,816 | +€16,378 | +88.8% |
| Deferred charges and accrued income | 490/1 | €1,132 | €854 | -€278 | -24.6% |
| Total equity and liabilities | 10/49 | €175,913 | €189,607 | +€13,694 | +7.8% |
| Equity | 10/15 | €95,686 | €118,517 | +€22,831 | +23.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,279 | €37,279 | = | 0.0% |
| Distributable reserves | 133 | €37,279 | €37,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,407 | €71,239 | +€22,831 | +47.2% |
| Amounts payable | 17/49 | €80,227 | €71,090 | -€9,137 | -11.4% |
| Amounts payable after more than one year | 17 | €28,278 | €15,593 | -€12,684 | -44.9% |
| Financial debts | 170/4 | €28,278 | €15,593 | -€12,684 | -44.9% |
| Amounts payable within one year | 42/48 | €51,949 | €55,497 | +€3,547 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €12,087 | €12,684 | +€598 | +4.9% |
| Trade debts | 44 | €5,118 | €4,284 | -€833 | -16.3% |
| Suppliers | 440/4 | €5,118 | €4,284 | -€833 | -16.3% |
| Taxes, remuneration and social security | 45 | €34,745 | €38,528 | +€3,783 | +10.9% |
| Taxes | 450/3 | €25,001 | €20,944 | -€4,056 | -16.2% |
| Remuneration and social security | 454/9 | €9,745 | €17,584 | +€7,839 | +80.4% |
| Remuneration, social security and pensions | 62 | €106,463 | €128,653 | +€22,191 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,367 | €11,144 | -€2,223 | -16.6% |
| Other operating charges | 640/8 | €2,485 | €3,698 | +€1,213 | +48.8% |
| Gross operating margin | 9900 | €130,467 | €179,654 | +€49,187 | +37.7% |
| Operating profit (loss) | 9901 | €8,153 | €36,159 | +€28,006 | +344% |
| Financial income | 75/76B | €36 | €52 | +€16 | +45.0% |
| Recurring financial income | 75 | €36 | €52 | +€16 | +45.0% |
| Financial charges | 65/66B | €3,963 | €4,310 | +€347 | +8.8% |
| Recurring financial charges | 65 | €3,963 | €4,310 | +€347 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €4,226 | €31,901 | +€27,675 | +655% |
| Income taxes | 67/77 | €4,350 | €9,069 | +€4,719 | +108% |
| Profit (loss) for the period | 9904 | -€125 | €22,831 | +€22,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125 | €22,831 | +€22,956 |
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 20 October 2026 via checked.be.