CHIVASCO: 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.
CHIVASCO
Largest movements
- Tangible fixed assets +€152,006
up €152,006 (+17.8%), from €852,421 to €1.0m
of which Land and buildings: +€170,767
- Receivables within one year -€10,963
down €10,963 (-89.1%), from €12,309 to €1,346
of which Trade receivables: -€12,000
- Debts after one year +€121,084
up €121,084 (+171%), from €70,682 to €191,766
- Other debts -€37,885
down €37,885 (-15.9%), from €238,350 to €200,465
- Current portion of long-term debt +€32,138
up €32,138 (+77.6%), from €41,419 to €73,556
- Reserves +€18,527
up €18,527 (+3.9%), from €469,661 to €488,188
of which Distributable reserves: +€18,527
- Trade debts +€13,980
up €13,980 (+1,270%), from €1,101 to €15,081
- Gross operating margin -€21,351
down €21,351 (-15.4%), from €138,809 to €117,458
- Taxes -€5,750
down €5,750 (-29.2%), from €19,707 to €13,957
- Depreciation +€2,492
up €2,492 (+4.3%), from €57,902 to €60,395
- Financial charges -€2,131
down €2,131 (-9.5%), from €22,469 to €20,338
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 | €864,835 | €1,014,988 | +€150,153 | +17.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €852,421 | €1,004,427 | +€152,006 | +17.8% |
| Tangible fixed assets | 22/27 | €852,421 | €1,004,427 | +€152,006 | +17.8% |
| Land and buildings | 22 | €740,697 | €911,464 | +€170,767 | +23.1% |
| Plant, machinery and equipment | 23 | €6,747 | €8,753 | +€2,006 | +29.7% |
| Furniture and vehicles | 24 | €104,977 | €84,210 | -€20,767 | -19.8% |
| Current assets | 29/58 | €12,414 | €10,561 | -€1,853 | -14.9% |
| Amounts receivable within one year | 40/41 | €12,309 | €1,346 | -€10,963 | -89.1% |
| Trade receivables | 40 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 41 | €309 | €1,346 | +€1,037 | +336% |
| Cash at bank and in hand | 54/58 | €105 | €4,355 | +€4,250 | +4,047% |
| Deferred charges and accrued income | 490/1 | - | €4,860 | +€4,860 | |
| Total equity and liabilities | 10/49 | €864,835 | €1,014,988 | +€150,153 | +17.4% |
| Equity | 10/15 | €475,861 | €494,388 | +€18,527 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €469,661 | €488,188 | +€18,527 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €467,801 | €486,328 | +€18,527 | +4.0% |
| Provisions and deferred taxes | 16 | €26,425 | €26,425 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,425 | €26,425 | = | 0.0% |
| Pensions and similar obligations | 160 | €26,425 | €26,425 | = | 0.0% |
| Amounts payable | 17/49 | €362,549 | €494,175 | +€131,627 | +36.3% |
| Amounts payable after more than one year | 17 | €70,682 | €191,766 | +€121,084 | +171% |
| Financial debts | 170/4 | €70,682 | €191,766 | +€121,084 | +171% |
| Amounts payable within one year | 42/48 | €290,493 | €302,199 | +€11,707 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €41,419 | €73,556 | +€32,138 | +77.6% |
| Trade debts | 44 | €1,101 | €15,081 | +€13,980 | +1,270% |
| Suppliers | 440/4 | €1,101 | €15,081 | +€13,980 | +1,270% |
| Taxes, remuneration and social security | 45 | €9,623 | €13,097 | +€3,474 | +36.1% |
| Taxes | 450/3 | €9,623 | €13,097 | +€3,474 | +36.1% |
| Other amounts payable | 47/48 | €238,350 | €200,465 | -€37,885 | -15.9% |
| Accrued charges and deferred income | 492/3 | €1,374 | €210 | -€1,164 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,902 | €60,395 | +€2,492 | +4.3% |
| Other operating charges | 640/8 | €3,397 | €4,245 | +€848 | +25.0% |
| Gross operating margin | 9900 | €138,809 | €117,458 | -€21,351 | -15.4% |
| Operating profit (loss) | 9901 | €77,510 | €52,819 | -€24,691 | -31.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +16,750% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +16,750% |
| Financial charges | 65/66B | €22,469 | €20,338 | -€2,131 | -9.5% |
| Recurring financial charges | 65 | €22,469 | €20,338 | -€2,131 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €55,041 | €32,484 | -€22,557 | -41.0% |
| Income taxes | 67/77 | €19,707 | €13,957 | -€5,750 | -29.2% |
| Profit (loss) for the period | 9904 | €35,334 | €18,527 | -€16,807 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,334 | €18,527 | -€16,807 | -47.6% |
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 14 October 2026 via checked.be.