CHIWA: 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.
CHIWA
Largest movements
- Cash +€33,081
up €33,081 (+38.4%), from €86,136 to €119,217
mainly Net result for the year (+€32,225) and Depreciation (+€20,707)
- Tangible fixed assets -€17,565
down €17,565 (-3.5%), from €499,234 to €481,669
of which Land and buildings: -€16,324
- Profit (loss) carried forward +€32,225
up €32,225 (+9.8%), from -€327,292 to -€295,067
- Debts after one year -€15,471
down €15,471 (-2.6%), from €588,814 to €573,343
- Depreciation -€20,993
down €20,993 (-50.3%), from €41,700 to €20,707
- Gross operating margin -€1,182
down €1,182 (-1.3%), from €89,051 to €87,869
- Financial charges -€1,116
down €1,116 (-5.7%), from €19,522 to €18,405
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 | €592,627 | €610,721 | +€18,094 | +3.1% |
| Fixed assets | 21/28 | €499,358 | €481,793 | -€17,565 | -3.5% |
| Tangible fixed assets | 22/27 | €499,234 | €481,669 | -€17,565 | -3.5% |
| Land and buildings | 22 | €472,948 | €456,624 | -€16,324 | -3.5% |
| Plant, machinery and equipment | 23 | €26,287 | €25,045 | -€1,242 | -4.7% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €93,268 | €128,928 | +€35,660 | +38.2% |
| Amounts receivable within one year | 40/41 | €5,821 | €8,369 | +€2,548 | +43.8% |
| Trade receivables | 40 | €5,784 | €8,347 | +€2,563 | +44.3% |
| Other amounts receivable | 41 | €37 | €22 | -€15 | -39.4% |
| Cash at bank and in hand | 54/58 | €86,136 | €119,217 | +€33,081 | +38.4% |
| Deferred charges and accrued income | 490/1 | €1,311 | €1,342 | +€30 | +2.3% |
| Total equity and liabilities | 10/49 | €592,627 | €610,721 | +€18,094 | +3.1% |
| Equity | 10/15 | -€268,792 | -€236,567 | +€32,225 | +12.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,292 | -€295,067 | +€32,225 | +9.8% |
| Amounts payable | 17/49 | €861,419 | €847,288 | -€14,130 | -1.6% |
| Amounts payable after more than one year | 17 | €588,814 | €573,343 | -€15,471 | -2.6% |
| Financial debts | 170/4 | €588,814 | €573,343 | -€15,471 | -2.6% |
| Amounts payable within one year | 42/48 | €265,970 | €267,179 | +€1,209 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €18,888 | €19,721 | +€832 | +4.4% |
| Trade debts | 44 | €2,360 | €770 | -€1,590 | -67.4% |
| Suppliers | 440/4 | €2,360 | €770 | -€1,590 | -67.4% |
| Taxes, remuneration and social security | 45 | €721 | €1,988 | +€1,267 | +175.8% |
| Taxes | 450/3 | €721 | €1,988 | +€1,267 | +175.8% |
| Other amounts payable | 47/48 | €244,001 | €244,701 | +€700 | +0.3% |
| Accrued charges and deferred income | 492/3 | €6,635 | €6,766 | +€131 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,700 | €20,707 | -€20,993 | -50.3% |
| Other operating charges | 640/8 | €16,677 | €16,532 | -€144 | -0.9% |
| Gross operating margin | 9900 | €89,051 | €87,869 | -€1,182 | -1.3% |
| Operating profit (loss) | 9901 | €30,675 | €50,630 | +€19,955 | +65.1% |
| Financial income | 75/76B | €37 | €0 | -€37 | -100.0% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -100.0% |
| Financial charges | 65/66B | €19,522 | €18,405 | -€1,116 | -5.7% |
| Recurring financial charges | 65 | €19,522 | €18,405 | -€1,116 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €11,190 | €32,225 | +€21,035 | +188.0% |
| Profit (loss) for the period | 9904 | €11,190 | €32,225 | +€21,035 | +188.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,190 | €32,225 | +€21,035 | +188.0% |
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 4 October 2026 via checked.be.