Chisel & Saw: what changed
What changed
Chisel & Saw
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€9,703
2024 · €9,113+€591
Equity
€19,816
2024 · €10,113+€9,703
Cash
€4,891
2024 · €4,640+€251
Balance sheet total
€61,058
2024 · €48,123+€12,935
Largest movements
Assets
- Receivables within one year +€27,655
up €27,655 (+199%), from €13,890 to €41,545
- Tangible fixed assets -€15,022
down €15,022 (-51.2%), from €29,363 to €14,342
of which Plant, machinery and equipment: -€8,860
Equity and liabilities
- Profit (loss) carried forward +€9,703
up €9,703 (+106%), from €9,113 to €18,816
- Trade debts +€4,034
up €4,034 (+68.7%), from €5,867 to €9,901
- Tax, wage and social debts -€802
down €802 (-5.7%), from €14,143 to €13,341
Income statement
- Staff costs -€1,783
down €1,783 (-100%), from €1,783 to €0
- Gross operating margin -€1,448
down €1,448 (-4.8%), from €29,862 to €28,414
- Other operating charges -€353
down €353 (-37.4%), from €945 to €592
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,113
Gross operating margin
-€1,448
Staff costs
+€1,783
Depreciation
-€69
Other operating charges
+€353
Financial income
-€8
Financial charges
-€71
Taxes
+€51
Result 2025
€9,703
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€251
Investment
€0
Financing
€0
Cash 2024
€4,640
From operations (derived)
+€251
Net result for the year
+€9,703
Depreciation
+€15,022
Receivables within one year
-€27,655
Deferred charges and accrued income
-€51
Trade debts
+€4,034
Tax, wage and social debts
-€802
Cash 2025
€4,891
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,123 | €61,058 | +€12,935 | +26.9% |
| Fixed assets | 21/28 | €29,363 | €14,342 | -€15,022 | -51.2% |
| Tangible fixed assets | 22/27 | €29,363 | €14,342 | -€15,022 | -51.2% |
| Plant, machinery and equipment | 23 | €19,600 | €10,740 | -€8,860 | -45.2% |
| Furniture and vehicles | 24 | €9,763 | €3,602 | -€6,161 | -63.1% |
| Current assets | 29/58 | €18,760 | €46,716 | +€27,957 | +149% |
| Amounts receivable within one year | 40/41 | €13,890 | €41,545 | +€27,655 | +199% |
| Trade receivables | 40 | €13,890 | €41,545 | +€27,655 | +199% |
| Cash at bank and in hand | 54/58 | €4,640 | €4,891 | +€251 | +5.4% |
| Deferred charges and accrued income | 490/1 | €229 | €280 | +€51 | +22.2% |
| Total equity and liabilities | 10/49 | €48,123 | €61,058 | +€12,935 | +26.9% |
| Equity | 10/15 | €10,113 | €19,816 | +€9,703 | +96.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,113 | €18,816 | +€9,703 | +106% |
| Amounts payable | 17/49 | €38,011 | €41,242 | +€3,231 | +8.5% |
| Amounts payable within one year | 42/48 | €38,011 | €41,242 | +€3,231 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,867 | €9,901 | +€4,034 | +68.7% |
| Suppliers | 440/4 | €5,867 | €9,901 | +€4,034 | +68.7% |
| Taxes, remuneration and social security | 45 | €14,143 | €13,341 | -€802 | -5.7% |
| Taxes | 450/3 | €14,143 | €13,341 | -€802 | -5.7% |
| Other amounts payable | 47/48 | €18,000 | €18,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,783 | €0 | -€1,783 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,953 | €15,022 | +€69 | +0.5% |
| Other operating charges | 640/8 | €945 | €592 | -€353 | -37.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,862 | €28,414 | -€1,448 | -4.8% |
| Operating profit (loss) | 9901 | €12,181 | €12,800 | +€619 | +5.1% |
| Financial income | 75/76B | €18 | €10 | -€8 | -45.3% |
| Recurring financial income | 75 | €18 | €10 | -€8 | -45.3% |
| Financial charges | 65/66B | €167 | €238 | +€71 | +42.5% |
| Recurring financial charges | 65 | €167 | €238 | +€71 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €12,033 | €12,573 | +€540 | +4.5% |
| Income taxes | 67/77 | €2,920 | €2,869 | -€51 | -1.7% |
| Profit (loss) for the period | 9904 | €9,113 | €9,703 | +€591 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,113 | €9,703 | +€591 | +6.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.