CHIWAWA: 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.
What changed
CHIWAWA
NACE 93.110, Operation of sports facilities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31
2024 · €37,675-€37,644
Equity
€207,936
2024 · €207,906+€31
Cash
€45,701
2024 · €56,429-€10,728
Balance sheet total
€988,897
2024 · €1.4m-€378,381
Largest movements
Assets
- Receivables within one year -€265,477
down €265,477 (-58.8%), from €451,844 to €186,367
of which Other amounts receivable: -€300,185
- Tangible fixed assets -€110,949
down €110,949 (-13.3%), from €834,008 to €723,059
of which Land and buildings: -€107,945
Equity and liabilities
- Other debts -€270,654
down €270,654 (-91.3%), from €296,457 to €25,803
- Debts after one year -€66,778
down €66,778 (-9.9%), from €672,912 to €606,134
- Trade debts -€43,422
down €43,422 (-68.4%), from €63,467 to €20,044
Income statement
- Gross operating margin -€39,244
down €39,244 (-16.1%), from €243,049 to €203,805
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.
Result 2024
€37,675
Gross operating margin
-€39,244
Staff costs
+€1,668
Depreciation
+€1,285
Other operating charges
-€1,761
Financial income
+€7
Financial charges
+€1,629
Taxes
-€1,229
Result 2025
€31
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.
From operations
+€63,196
Investment
-€8,379
Financing
-€65,546
Cash 2024
€56,429
From operations (derived)
+€63,196
Net result for the year
+€31
Depreciation
+€119,327
Stocks and contracts
-€8,726
Receivables within one year
+€265,477
Smaller working-capital items
-€141
Trade debts
-€43,422
Tax, wage and social debts
+€5,646
Advances received
-€4,341
Other debts
-€270,654
Investment (derived)
-€8,379
Investment in fixed assets (net)
-€8,379
Financing
-€65,546
Debts after one year
-€66,778
Current portion of long-term debt
+€1,233
Cash 2025
€45,701
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,367,278 | €988,897 | -€378,381 | -27.7% |
| Fixed assets | 21/28 | €834,008 | €723,059 | -€110,949 | -13.3% |
| Tangible fixed assets | 22/27 | €834,008 | €723,059 | -€110,949 | -13.3% |
| Land and buildings | 22 | €819,485 | €711,540 | -€107,945 | -13.2% |
| Plant, machinery and equipment | 23 | €12,843 | €10,813 | -€2,030 | -15.8% |
| Furniture and vehicles | 24 | €1,679 | €706 | -€974 | -58.0% |
| Current assets | 29/58 | €533,270 | €265,838 | -€267,433 | -50.1% |
| Stocks and contracts in progress | 3 | €13,959 | €22,684 | +€8,726 | +62.5% |
| Stocks | 30/36 | €13,959 | €22,684 | +€8,726 | +62.5% |
| Amounts receivable within one year | 40/41 | €451,844 | €186,367 | -€265,477 | -58.8% |
| Trade receivables | 40 | €59,273 | €93,981 | +€34,708 | +58.6% |
| Other amounts receivable | 41 | €392,571 | €92,386 | -€300,185 | -76.5% |
| Cash at bank and in hand | 54/58 | €56,429 | €45,701 | -€10,728 | -19.0% |
| Deferred charges and accrued income | 490/1 | €11,039 | €11,085 | +€47 | +0.4% |
| Total equity and liabilities | 10/49 | €1,367,278 | €988,897 | -€378,381 | -27.7% |
| Equity | 10/15 | €207,906 | €207,936 | +€31 | 0.0% |
| Contributions | 10/11 | €162,184 | €162,184 | = | 0.0% |
| Capital | 10 | €162,184 | €162,184 | = | 0.0% |
| Issued capital | 100 | €162,184 | €162,184 | = | 0.0% |
| Reserves | 13 | €21,323 | €21,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,218 | €16,218 | = | 0.0% |
| Legal reserve | 130 | €16,218 | €16,218 | = | 0.0% |
| Distributable reserves | 133 | €5,104 | €5,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,399 | €24,429 | +€31 | +0.1% |
| Amounts payable | 17/49 | €1,159,372 | €780,960 | -€378,412 | -32.6% |
| Amounts payable after more than one year | 17 | €672,912 | €606,134 | -€66,778 | -9.9% |
| Financial debts | 170/4 | €672,912 | €606,134 | -€66,778 | -9.9% |
| Amounts payable within one year | 42/48 | €485,400 | €173,861 | -€311,540 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €71,059 | €72,292 | +€1,233 | +1.7% |
| Trade debts | 44 | €63,467 | €20,044 | -€43,422 | -68.4% |
| Suppliers | 440/4 | €63,467 | €20,044 | -€43,422 | -68.4% |
| Advances received on contracts in progress | 46 | €47,761 | €43,420 | -€4,341 | -9.1% |
| Taxes, remuneration and social security | 45 | €6,657 | €12,302 | +€5,646 | +84.8% |
| Taxes | 450/3 | €860 | €7,624 | +€6,764 | +786.7% |
| Remuneration and social security | 454/9 | €5,797 | €4,678 | -€1,119 | -19.3% |
| Other amounts payable | 47/48 | €296,457 | €25,803 | -€270,654 | -91.3% |
| Accrued charges and deferred income | 492/3 | €1,060 | €966 | -€94 | -8.9% |
| Non-recurring operating income | 76A | - | €2,250 | +€2,250 | |
| Remuneration, social security and pensions | 62 | €53,142 | €51,474 | -€1,668 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,612 | €119,327 | -€1,285 | -1.1% |
| Other operating charges | 640/8 | €11,776 | €13,537 | +€1,761 | +15.0% |
| Gross operating margin | 9900 | €243,049 | €203,805 | -€39,244 | -16.1% |
| Operating profit (loss) | 9901 | €57,519 | €19,468 | -€38,052 | -66.2% |
| Financial income | 75/76B | €1 | €8 | +€7 | +926.0% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +926.0% |
| Financial charges | 65/66B | €19,344 | €17,714 | -€1,629 | -8.4% |
| Recurring financial charges | 65 | €19,344 | €17,714 | -€1,629 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €38,177 | €1,761 | -€36,416 | -95.4% |
| Income taxes | 67/77 | €502 | €1,730 | +€1,229 | +245.0% |
| Profit (loss) for the period | 9904 | €37,675 | €31 | -€37,644 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,675 | €31 | -€37,644 | -99.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.