CHOC AND CO: 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.
CHOC AND CO
Largest movements
- Receivables within one year +€482,998
up €482,998 (+112%), from €432,006 to €915,005
of which Trade receivables: +€421,507
- Tangible fixed assets -€171,165
down €171,165 (-8.0%), from €2.1m to €2.0m
of which Plant, machinery and equipment: -€126,815
- Stocks and contracts +€111,913
up €111,913 (+8.5%), from €1.3m to €1.4m
of which Stocks: +€114,430
- Cash +€55,439
up €55,439 (+20.6%), from €269,501 to €324,940
mainly Net result for the year (+€419,775) and Trade debts (+€296,151)
- Profit (loss) carried forward +€735,558
no longer reported in 2025 (was -€735,558)
- Reserves -€361,657
down €361,657 (-34.5%), from €1.0m to €686,895
of which Distributable reserves: -€421,613
- Trade debts +€296,151
up €296,151 (+101%), from €292,112 to €588,263
- Debts after one year -€166,195
down €166,195 (-8.4%), from €2.0m to €1.8m
- Current portion of long-term debt -€63,545
down €63,545 (-16.6%), from €382,647 to €319,102
- Gross operating margin +€787,289
up €787,289 (+51.8%), from €1.5m to €2.3m
- Depreciation -€37,708
down €37,708 (-14.7%), from €256,623 to €218,916
- Write-downs +€33,577
no longer reported in 2025 (was -€33,577)
- Other operating charges -€31,135
down €31,135 (-60.4%), from €51,588 to €20,453
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 | €4,413,172 | €4,882,898 | +€469,726 | +10.6% |
| Fixed assets | 21/28 | €2,358,675 | €2,175,968 | -€182,707 | -7.7% |
| Intangible fixed assets | 21 | €213,690 | €202,149 | -€11,542 | -5.4% |
| Tangible fixed assets | 22/27 | €2,142,255 | €1,971,090 | -€171,165 | -8.0% |
| Land and buildings | 22 | €1,450,200 | €1,406,263 | -€43,937 | -3.0% |
| Plant, machinery and equipment | 23 | €684,549 | €557,733 | -€126,815 | -18.5% |
| Furniture and vehicles | 24 | €1,421 | €1,042 | -€379 | -26.7% |
| Leasing and similar rights | 25 | €6,085 | €6,051 | -€34 | -0.6% |
| Financial fixed assets | 28 | €2,729 | €2,729 | = | 0.0% |
| Current assets | 29/58 | €2,054,497 | €2,706,930 | +€652,433 | +31.8% |
| Stocks and contracts in progress | 3 | €1,321,384 | €1,433,297 | +€111,913 | +8.5% |
| Stocks | 30/36 | €1,249,267 | €1,363,697 | +€114,430 | +9.2% |
| Contracts in progress | 37 | €72,116 | €69,600 | -€2,516 | -3.5% |
| Amounts receivable within one year | 40/41 | €432,006 | €915,005 | +€482,998 | +112% |
| Trade receivables | 40 | €382,148 | €803,655 | +€421,507 | +110% |
| Other amounts receivable | 41 | €49,858 | €111,349 | +€61,491 | +123% |
| Cash at bank and in hand | 54/58 | €269,501 | €324,940 | +€55,439 | +20.6% |
| Deferred charges and accrued income | 490/1 | €31,606 | €33,687 | +€2,082 | +6.6% |
| Total equity and liabilities | 10/49 | €4,413,172 | €4,882,898 | +€469,726 | +10.6% |
| Equity | 10/15 | €1,431,906 | €1,805,807 | +€373,902 | +26.1% |
| Contributions | 10/11 | €1,118,912 | €1,118,912 | = | 0.0% |
| Capital | 10 | €1,118,912 | €1,118,912 | = | 0.0% |
| Issued capital | 100 | €1,118,912 | €1,118,912 | = | 0.0% |
| Reserves | 13 | €1,048,552 | €686,895 | -€361,657 | -34.5% |
| Non-distributable reserves | 130/1 | €51,935 | €111,891 | +€59,956 | +115% |
| Legal reserve | 130 | €51,935 | €111,891 | +€59,956 | +115% |
| Distributable reserves | 133 | €996,617 | €575,004 | -€421,613 | -42.3% |
| Profit (loss) carried forward | 14 | -€735,558 | - | +€735,558 | |
| Amounts payable | 17/49 | €2,981,266 | €3,077,090 | +€95,824 | +3.2% |
| Amounts payable after more than one year | 17 | €1,974,641 | €1,808,446 | -€166,195 | -8.4% |
| Financial debts | 170/4 | €1,974,641 | €1,808,446 | -€166,195 | -8.4% |
| Amounts payable within one year | 42/48 | €1,006,037 | €1,266,824 | +€260,787 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €382,647 | €319,102 | -€63,545 | -16.6% |
| Trade debts | 44 | €292,112 | €588,263 | +€296,151 | +101% |
| Suppliers | 440/4 | €292,112 | €588,263 | +€296,151 | +101% |
| Taxes, remuneration and social security | 45 | €170,898 | €169,524 | -€1,373 | -0.8% |
| Taxes | 450/3 | €21,067 | €17,546 | -€3,521 | -16.7% |
| Remuneration and social security | 454/9 | €149,830 | €151,978 | +€2,148 | +1.4% |
| Other amounts payable | 47/48 | €160,381 | €189,935 | +€29,554 | +18.4% |
| Accrued charges and deferred income | 492/3 | €588 | €1,821 | +€1,233 | +210% |
| Non-recurring operating income | 76A | €63,000 | - | -€63,000 | |
| Remuneration, social security and pensions | 62 | €1,555,752 | €1,565,872 | +€10,120 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,623 | €218,916 | -€37,708 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,577 | - | +€33,577 | |
| Other operating charges | 640/8 | €51,588 | €20,453 | -€31,135 | -60.4% |
| Gross operating margin | 9900 | €1,519,284 | €2,306,573 | +€787,289 | +51.8% |
| Operating profit (loss) | 9901 | -€311,103 | €501,331 | +€812,434 | |
| Financial income | 75/76B | €1 | €5 | +€5 | +731% |
| Recurring financial income | 75 | €1 | €5 | +€5 | +731% |
| Financial charges | 65/66B | €84,986 | €75,540 | -€9,446 | -11.1% |
| Recurring financial charges | 65 | €84,986 | €75,540 | -€9,446 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€396,088 | €425,797 | +€821,884 | |
| Income taxes | 67/77 | €1,044 | €6,021 | +€4,977 | +477% |
| Profit (loss) for the period | 9904 | -€397,131 | €419,775 | +€816,907 | |
| Profit (loss) for the period to be appropriated | 9905 | -€397,131 | €419,775 | +€816,907 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.