CHIWODVICE: 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.
CHIWODVICE
Largest movements
- Receivables within one year +€17,937
up €17,937 (+63404.3%), from €28 to €17,965
of which Trade receivables: +€17,937
- Tangible fixed assets -€8,775
down €8,775 (-21.2%), from €41,376 to €32,602
of which Leasing and similar rights: -€10,366
- Cash -€4,439
down €4,439 (-100.0%), from €4,439 to €0
mainly Receivables within one year (-€17,937) and Net result for the year (-€13,378)
- Deferred charges and accrued income +€761
up €761 (+24.8%), from €3,065 to €3,826
- Other debts +€29,209
up €29,209 (+338.3%), from €8,633 to €37,843
- Profit (loss) carried forward -€13,378
down €13,378 (-111.3%), from -€12,015 to -€25,394
- Trade debts -€9,177
down €9,177 (-68.2%), from €13,464 to €4,288
- Debts after one year -€8,545
down €8,545 (-43.4%), from €19,682 to €11,137
- Current portion of long-term debt +€4,120
up €4,120 (+50.0%), from €8,233 to €12,353
- Gross operating margin -€5,980
down €5,980 (-53.7%), from €11,140 to €5,160
- Depreciation -€1,788
down €1,788 (-10.7%), from €16,665 to €14,877
- Other operating charges -€1,210
down €1,210 (-45.8%), from €2,645 to €1,435
- Financial charges +€251
up €251 (+13.8%), from €1,813 to €2,064
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 | €49,963 | €54,978 | +€5,015 | +10.0% |
| Fixed assets | 21/28 | €42,431 | €33,186 | -€9,245 | -21.8% |
| Intangible fixed assets | 21 | €1,055 | €585 | -€470 | -44.6% |
| Tangible fixed assets | 22/27 | €41,376 | €32,602 | -€8,775 | -21.2% |
| Plant, machinery and equipment | 23 | €1,494 | €2,239 | +€745 | +49.9% |
| Furniture and vehicles | 24 | €5,774 | €6,620 | +€846 | +14.7% |
| Leasing and similar rights | 25 | €34,109 | €23,743 | -€10,366 | -30.4% |
| Current assets | 29/58 | €7,532 | €21,792 | +€14,259 | +189.3% |
| Amounts receivable within one year | 40/41 | €28 | €17,965 | +€17,937 | +63404.3% |
| Trade receivables | 40 | €28 | €17,965 | +€17,937 | +63404.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,439 | €0 | -€4,439 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,065 | €3,826 | +€761 | +24.8% |
| Total equity and liabilities | 10/49 | €49,963 | €54,978 | +€5,015 | +10.0% |
| Equity | 10/15 | -€8,415 | -€21,794 | -€13,378 | -159.0% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,015 | -€25,394 | -€13,378 | -111.3% |
| Amounts payable | 17/49 | €58,378 | €76,772 | +€18,393 | +31.5% |
| Amounts payable after more than one year | 17 | €19,682 | €11,137 | -€8,545 | -43.4% |
| Financial debts | 170/4 | €19,682 | €11,137 | -€8,545 | -43.4% |
| Amounts payable within one year | 42/48 | €38,450 | €65,609 | +€27,159 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €8,233 | €12,353 | +€4,120 | +50.0% |
| Financial debts | 43 | €2,728 | €4,246 | +€1,518 | +55.6% |
| Credit institutions | 430/8 | €2,728 | €4,246 | +€1,518 | +55.6% |
| Trade debts | 44 | €13,464 | €4,288 | -€9,177 | -68.2% |
| Suppliers | 440/4 | €13,464 | €4,288 | -€9,177 | -68.2% |
| Taxes, remuneration and social security | 45 | €5,392 | €6,881 | +€1,489 | +27.6% |
| Taxes | 450/3 | €5,392 | €6,881 | +€1,489 | +27.6% |
| Other amounts payable | 47/48 | €8,633 | €37,843 | +€29,209 | +338.3% |
| Accrued charges and deferred income | 492/3 | €246 | €25 | -€221 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,665 | €14,877 | -€1,788 | -10.7% |
| Other operating charges | 640/8 | €2,645 | €1,435 | -€1,210 | -45.8% |
| Gross operating margin | 9900 | €11,140 | €5,160 | -€5,980 | -53.7% |
| Operating profit (loss) | 9901 | -€8,170 | -€11,152 | -€2,982 | -36.5% |
| Financial income | 75/76B | €49 | €8 | -€41 | -83.1% |
| Recurring financial income | 75 | €49 | €8 | -€41 | -83.1% |
| Financial charges | 65/66B | €1,813 | €2,064 | +€251 | +13.8% |
| Recurring financial charges | 65 | €1,813 | €2,064 | +€251 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,933 | -€13,207 | -€3,274 | -33.0% |
| Income taxes | 67/77 | €171 | €171 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€10,105 | -€13,378 | -€3,274 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,105 | -€13,378 | -€3,274 | -32.4% |
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 6 October 2026 via checked.be.