CHIVAN: what changed
CHIVAN
Largest movements
- Receivables within one year +€33,039
up €33,039 (+64.5%), from €51,246 to €84,285
of which Other amounts receivable: +€21,275
- Cash +€26,288
up €26,288 (+57.0%), from €46,113 to €72,401
mainly Net result for the year (+€57,481) and Depreciation (+€23,971)
- Tangible fixed assets -€6,942
down €6,942 (-13.4%), from €51,821 to €44,879
of which Furniture and vehicles: -€14,641
- Stocks and contracts +€3,269
up €3,269 (+71.8%), from €4,556 to €7,825
- Profit (loss) carried forward +€57,483
up €57,483 (+50.2%), from €114,410 to €171,893
- Trade debts -€11,496
down €11,496 (-56.1%), from €20,496 to €9,000
- Tax, wage and social debts +€11,249
up €11,249 (+118%), from €9,561 to €20,810
of which Remuneration and social security: +€8,585
- Staff costs +€76,801
up €76,801 (+391%), from €19,654 to €96,455
- Gross operating margin +€59,037
up €59,037 (+46.1%), from €128,108 to €187,145
- Turnover +€46,790
up €46,790 (+11.2%), from €417,350 to €464,140
- Purchases and services +€23,900
up €23,900 (+8.3%), from €289,242 to €313,142
- Depreciation +€11,807
up €11,807 (+97.1%), from €12,164 to €23,971
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,836 | €214,490 | +€55,654 | +35.0% |
| Fixed assets | 21/28 | €56,921 | €49,979 | -€6,942 | -12.2% |
| Tangible fixed assets | 22/27 | €51,821 | €44,879 | -€6,942 | -13.4% |
| Plant, machinery and equipment | 23 | €3,504 | €11,203 | +€7,699 | +220% |
| Furniture and vehicles | 24 | €48,317 | €33,676 | -€14,641 | -30.3% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €101,915 | €164,511 | +€62,596 | +61.4% |
| Stocks and contracts in progress | 3 | €4,556 | €7,825 | +€3,269 | +71.8% |
| Stocks | 30/36 | €4,556 | €7,825 | +€3,269 | +71.8% |
| Amounts receivable within one year | 40/41 | €51,246 | €84,285 | +€33,039 | +64.5% |
| Trade receivables | 40 | €40,069 | €51,833 | +€11,764 | +29.4% |
| Other amounts receivable | 41 | €11,177 | €32,452 | +€21,275 | +190% |
| Cash at bank and in hand | 54/58 | €46,113 | €72,401 | +€26,288 | +57.0% |
| Total equity and liabilities | 10/49 | €158,836 | €214,490 | +€55,654 | +35.0% |
| Equity | 10/15 | €127,197 | €184,680 | +€57,483 | +45.2% |
| Reserves | 13 | €12,787 | €12,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,780 | €11,780 | = | 0.0% |
| Other | 1319 | €11,780 | €11,780 | = | 0.0% |
| Distributable reserves | 133 | €1,007 | €1,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,410 | €171,893 | +€57,483 | +50.2% |
| Amounts payable | 17/49 | €31,639 | €29,810 | -€1,829 | -5.8% |
| Amounts payable within one year | 42/48 | €31,639 | €29,810 | -€1,829 | -5.8% |
| Trade debts | 44 | €20,496 | €9,000 | -€11,496 | -56.1% |
| Suppliers | 440/4 | €20,496 | €9,000 | -€11,496 | -56.1% |
| Taxes, remuneration and social security | 45 | €9,561 | €20,810 | +€11,249 | +118% |
| Taxes | 450/3 | €3,252 | €5,916 | +€2,664 | +81.9% |
| Remuneration and social security | 454/9 | €6,309 | €14,894 | +€8,585 | +136% |
| Other amounts payable | 47/48 | €1,582 | - | -€1,582 | |
| Turnover | 70 | €417,350 | €464,140 | +€46,790 | +11.2% |
| Non-recurring operating income | 76A | - | €36,147 | +€36,147 | |
| Goods, raw materials, services and sundry goods | 60/61 | €289,242 | €313,142 | +€23,900 | +8.3% |
| Remuneration, social security and pensions | 62 | €19,654 | €96,455 | +€76,801 | +391% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,164 | €23,971 | +€11,807 | +97.1% |
| Non-recurring operating charges | 66A | €8,270 | €4,206 | -€4,064 | -49.1% |
| Gross operating margin | 9900 | €128,108 | €187,145 | +€59,037 | +46.1% |
| Operating profit (loss) | 9901 | €88,020 | €62,513 | -€25,507 | -29.0% |
| Financial income | 75/76B | - | €2,083 | +€2,083 | |
| Recurring financial income | 75 | - | €1,712 | +€1,712 | |
| Non-recurring financial income | 76B | - | €371 | +€371 | |
| Financial charges | 65/66B | €7,183 | €7,115 | -€68 | -0.9% |
| Recurring financial charges | 65 | €7,183 | €7,115 | -€68 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €80,837 | €57,481 | -€23,356 | -28.9% |
| Income taxes | 67/77 | €1,339 | - | -€1,339 | |
| Profit (loss) for the period | 9904 | €79,498 | €57,481 | -€22,017 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,498 | €57,481 | -€22,017 | -27.7% |
Next steps
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 7 November 2026 via checked.be.