CHITWAN: 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.
CHITWAN
Largest movements
- Receivables within one year +€127,441
up €127,441 (+7,989%), from €1,595 to €129,036
- Cash -€90,374
down €90,374 (-73.9%), from €122,341 to €31,967
mainly Receivables within one year (-€127,441)
- Stocks and contracts -€6,449
down €6,449 (-54.0%), from €11,949 to €5,500
- Tangible fixed assets -€4,083
down €4,083 (-28.3%), from €14,406 to €10,323
- Profit (loss) carried forward +€16,299
up €16,299 (+13.2%), from €123,133 to €139,433
- Tax, wage and social debts +€9,071
up €9,071 (+94.3%), from €9,617 to €18,688
- Staff costs +€42,830
up €42,830 (+35.0%), from €122,220 to €165,051
- Gross operating margin +€30,512
up €30,512 (+18.2%), from €167,972 to €198,484
- Taxes -€4,372
down €4,372 (-45.5%), from €9,617 to €5,245
- Other operating charges -€3,714
down €3,714 (-56.6%), from €6,562 to €2,848
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 | €159,542 | €186,076 | +€26,535 | +16.6% |
| Fixed assets | 21/28 | €23,656 | €19,573 | -€4,083 | -17.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,406 | €10,323 | -€4,083 | -28.3% |
| Plant, machinery and equipment | 23 | €14,406 | €10,323 | -€4,083 | -28.3% |
| Financial fixed assets | 28 | €9,250 | €9,250 | = | 0.0% |
| Current assets | 29/58 | €135,885 | €166,503 | +€30,618 | +22.5% |
| Stocks and contracts in progress | 3 | €11,949 | €5,500 | -€6,449 | -54.0% |
| Stocks | 30/36 | €11,949 | €5,500 | -€6,449 | -54.0% |
| Amounts receivable within one year | 40/41 | €1,595 | €129,036 | +€127,441 | +7,989% |
| Other amounts receivable | 41 | €1,595 | €129,036 | +€127,441 | +7,989% |
| Cash at bank and in hand | 54/58 | €122,341 | €31,967 | -€90,374 | -73.9% |
| Total equity and liabilities | 10/49 | €159,542 | €186,076 | +€26,535 | +16.6% |
| Equity | 10/15 | €143,593 | €159,893 | +€16,299 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,133 | €139,433 | +€16,299 | +13.2% |
| Amounts payable | 17/49 | €15,948 | €26,184 | +€10,235 | +64.2% |
| Amounts payable within one year | 42/48 | €15,948 | €26,184 | +€10,235 | +64.2% |
| Trade debts | 44 | €6,331 | €7,496 | +€1,164 | +18.4% |
| Suppliers | 440/4 | €6,331 | €7,496 | +€1,164 | +18.4% |
| Taxes, remuneration and social security | 45 | €9,617 | €18,688 | +€9,071 | +94.3% |
| Taxes | 450/3 | €9,617 | €18,688 | +€9,071 | +94.3% |
| Remuneration, social security and pensions | 62 | €122,220 | €165,051 | +€42,830 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,289 | €4,083 | +€794 | +24.1% |
| Other operating charges | 640/8 | €6,562 | €2,848 | -€3,714 | -56.6% |
| Non-recurring operating charges | 66A | €58 | €116 | +€58 | +100% |
| Gross operating margin | 9900 | €167,972 | €198,484 | +€30,512 | +18.2% |
| Operating profit (loss) | 9901 | €35,842 | €26,386 | -€9,456 | -26.4% |
| Financial charges | 65/66B | €5,006 | €4,842 | -€164 | -3.3% |
| Recurring financial charges | 65 | €5,006 | €4,842 | -€164 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €30,837 | €21,545 | -€9,292 | -30.1% |
| Income taxes | 67/77 | €9,617 | €5,245 | -€4,372 | -45.5% |
| Profit (loss) for the period | 9904 | €21,219 | €16,299 | -€4,920 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,219 | €16,299 | -€4,920 | -23.2% |
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 17 October 2026 via checked.be.