CHIROG: 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.
CHIROG
Largest movements
- Deferred charges and accrued income +€61,562
up €61,562 (+32.1%), from €191,871 to €253,433
- Intangible fixed assets -€50,000
down €50,000 (-28.3%), from €176,849 to €126,849
- Receivables within one year +€42,094
up €42,094 (+70.6%), from €59,657 to €101,751
- Cash +€34,661
up €34,661 (+95.7%), from €36,219 to €70,880
mainly Net result for the year (+€96,215) and Tax, wage and social debts (+€64,923)
- Tangible fixed assets +€19,015
up €19,015 (+69.2%), from €27,475 to €46,489
of which Plant, machinery and equipment: +€19,856
- Reserves +€65,910
new in 2025: €65,910
- Tax, wage and social debts +€64,923
up €64,923 (+168.0%), from €38,639 to €103,562
of which Taxes: +€54,604
- Debts after one year -€53,009
down €53,009 (-25.4%), from €208,863 to €155,854
- Profit (loss) carried forward +€30,305
up €30,305, from -€30,305 to €0
- Other debts -€13,623
down €13,623 (-7.5%), from €180,795 to €167,172
- Gross operating margin +€100,303
up €100,303 (+46.9%), from €214,063 to €314,366
- Staff costs +€41,711
up €41,711 (+71.7%), from €58,165 to €99,876
- Other operating charges +€16,167
up €16,167 (+2402.3%), from €673 to €16,840
- Taxes +€14,876
up €14,876 (+71.6%), from €20,774 to €35,649
- Depreciation +€6,190
up €6,190 (+11.3%), from €54,850 to €61,039
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 | €517,101 | €624,433 | +€107,331 | +20.8% |
| Fixed assets | 21/28 | €229,354 | €198,369 | -€30,985 | -13.5% |
| Intangible fixed assets | 21 | €176,849 | €126,849 | -€50,000 | -28.3% |
| Tangible fixed assets | 22/27 | €27,475 | €46,489 | +€19,015 | +69.2% |
| Plant, machinery and equipment | 23 | €4,950 | €24,806 | +€19,856 | +401.1% |
| Furniture and vehicles | 24 | €22,525 | €21,684 | -€841 | -3.7% |
| Financial fixed assets | 28 | €25,030 | €25,030 | = | 0.0% |
| Current assets | 29/58 | €287,747 | €426,064 | +€138,317 | +48.1% |
| Amounts receivable within one year | 40/41 | €59,657 | €101,751 | +€42,094 | +70.6% |
| Other amounts receivable | 41 | €59,657 | €101,751 | +€42,094 | +70.6% |
| Cash at bank and in hand | 54/58 | €36,219 | €70,880 | +€34,661 | +95.7% |
| Deferred charges and accrued income | 490/1 | €191,871 | €253,433 | +€61,562 | +32.1% |
| Total equity and liabilities | 10/49 | €517,101 | €624,433 | +€107,331 | +20.8% |
| Equity | 10/15 | -€17,905 | €78,310 | +€96,215 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €65,910 | +€65,910 | |
| Distributable reserves | 133 | - | €65,910 | +€65,910 | |
| Profit (loss) carried forward | 14 | -€30,305 | €0 | +€30,305 | |
| Amounts payable | 17/49 | €535,006 | €546,123 | +€11,117 | +2.1% |
| Amounts payable after more than one year | 17 | €208,863 | €155,854 | -€53,009 | -25.4% |
| Financial debts | 170/4 | €208,863 | €155,854 | -€53,009 | -25.4% |
| Amounts payable within one year | 42/48 | €326,143 | €390,268 | +€64,126 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €50,065 | €50,601 | +€536 | +1.1% |
| Trade debts | 44 | €56,643 | €68,933 | +€12,290 | +21.7% |
| Suppliers | 440/4 | €56,643 | €68,933 | +€12,290 | +21.7% |
| Taxes, remuneration and social security | 45 | €38,639 | €103,562 | +€64,923 | +168.0% |
| Taxes | 450/3 | €37,818 | €92,422 | +€54,604 | +144.4% |
| Remuneration and social security | 454/9 | €821 | €11,140 | +€10,319 | +1256.3% |
| Other amounts payable | 47/48 | €180,795 | €167,172 | -€13,623 | -7.5% |
| Remuneration, social security and pensions | 62 | €58,165 | €99,876 | +€41,711 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,850 | €61,039 | +€6,190 | +11.3% |
| Other operating charges | 640/8 | €673 | €16,840 | +€16,167 | +2402.3% |
| Gross operating margin | 9900 | €214,063 | €314,366 | +€100,303 | +46.9% |
| Operating profit (loss) | 9901 | €100,376 | €136,611 | +€36,235 | +36.1% |
| Financial income | 75/76B | €141 | €156 | +€14 | +10.2% |
| Recurring financial income | 75 | €141 | €156 | +€14 | +10.2% |
| Financial charges | 65/66B | €4,930 | €4,902 | -€27 | -0.6% |
| Recurring financial charges | 65 | €4,930 | €4,902 | -€27 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €95,587 | €131,864 | +€36,276 | +38.0% |
| Income taxes | 67/77 | €20,774 | €35,649 | +€14,876 | +71.6% |
| Profit (loss) for the period | 9904 | €74,814 | €96,215 | +€21,401 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,814 | €96,215 | +€21,401 | +28.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.