Choclo: 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.
Choclo
Largest movements
- Tangible fixed assets +€518,426
up €518,426 (+246.6%), from €210,190 to €728,616
of which Land and buildings: +€670,113
- Stocks and contracts -€22,100
down €22,100 (-100.0%), from €22,100 to €0
- Cash -€18,137
down €18,137 (-68.2%), from €26,592 to €8,455
mainly Investment in fixed assets (net) (-€536,346) and Other debts (-€131,421)
- Receivables within one year -€9,138
down €9,138 (-78.1%), from €11,702 to €2,563
of which Other amounts receivable: -€4,698
- Debts after one year +€634,765
new in 2025: €634,765
- Other debts -€131,421
down €131,421 (-98.6%), from €133,316 to €1,894
- Trade debts -€49,625
down €49,625 (-82.4%), from €60,222 to €10,597
- Current portion of long-term debt +€33,085
new in 2025: €33,085
- Tax, wage and social debts -€21,722
down €21,722 (-79.0%), from €27,498 to €5,776
of which Remuneration and social security: -€16,852
- Gross operating margin -€208,258
down €208,258 (-77.9%), from €267,291 to €59,034
- Staff costs -€181,343
down €181,343 (-100.0%), from €181,343 to €0
- Other operating charges +€23,927
up €23,927 (+4525.6%), from €529 to €24,455
- Depreciation -€16,451
down €16,451 (-45.3%), from €36,322 to €19,871
- Taxes -€5,150
down €5,150 (-91.0%), from €5,660 to €510
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 | €273,265 | €739,634 | +€466,368 | +170.7% |
| Formation expenses | 20 | €1,950 | €0 | -€1,950 | -100.0% |
| Fixed assets | 21/28 | €210,190 | €728,616 | +€518,426 | +246.6% |
| Tangible fixed assets | 22/27 | €210,190 | €728,616 | +€518,426 | +246.6% |
| Land and buildings | 22 | - | €670,113 | +€670,113 | |
| Plant, machinery and equipment | 23 | €50,065 | €11,257 | -€38,808 | -77.5% |
| Other tangible fixed assets | 26 | €160,125 | €47,246 | -€112,879 | -70.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €61,125 | €11,018 | -€50,107 | -82.0% |
| Stocks and contracts in progress | 3 | €22,100 | €0 | -€22,100 | -100.0% |
| Stocks | 30/36 | €22,100 | €0 | -€22,100 | -100.0% |
| Amounts receivable within one year | 40/41 | €11,702 | €2,563 | -€9,138 | -78.1% |
| Trade receivables | 40 | €4,440 | €0 | -€4,440 | -100.0% |
| Other amounts receivable | 41 | €7,261 | €2,563 | -€4,698 | -64.7% |
| Cash at bank and in hand | 54/58 | €26,592 | €8,455 | -€18,137 | -68.2% |
| Deferred charges and accrued income | 490/1 | €731 | €0 | -€731 | -100.0% |
| Total equity and liabilities | 10/49 | €273,265 | €739,634 | +€466,368 | +170.7% |
| Equity | 10/15 | €51,956 | €45,877 | -€6,079 | -11.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €50,456 | €44,377 | -€6,079 | -12.0% |
| Distributable reserves | 133 | €50,456 | €44,377 | -€6,079 | -12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €221,309 | €693,757 | +€472,447 | +213.5% |
| Amounts payable after more than one year | 17 | - | €634,765 | +€634,765 | |
| Financial debts | 170/4 | - | €634,765 | +€634,765 | |
| Amounts payable within one year | 42/48 | €221,035 | €54,466 | -€166,570 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | - | €33,085 | +€33,085 | |
| Financial debts | 43 | €0 | €3,113 | +€3,113 | |
| Credit institutions | 430/8 | €0 | €3,113 | +€3,113 | |
| Trade debts | 44 | €60,222 | €10,597 | -€49,625 | -82.4% |
| Suppliers | 440/4 | €60,222 | €10,597 | -€49,625 | -82.4% |
| Taxes, remuneration and social security | 45 | €27,498 | €5,776 | -€21,722 | -79.0% |
| Taxes | 450/3 | €10,646 | €5,776 | -€4,870 | -45.7% |
| Remuneration and social security | 454/9 | €16,852 | €0 | -€16,852 | -100.0% |
| Other amounts payable | 47/48 | €133,316 | €1,894 | -€131,421 | -98.6% |
| Accrued charges and deferred income | 492/3 | €274 | €4,526 | +€4,252 | +1551.8% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €181,343 | €0 | -€181,343 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,322 | €19,871 | -€16,451 | -45.3% |
| Other operating charges | 640/8 | €529 | €24,455 | +€23,927 | +4525.6% |
| Gross operating margin | 9900 | €267,291 | €59,034 | -€208,258 | -77.9% |
| Operating profit (loss) | 9901 | €49,098 | €14,708 | -€34,390 | -70.0% |
| Financial income | 75/76B | €848 | €660 | -€189 | -22.2% |
| Recurring financial income | 75 | €848 | €660 | -€189 | -22.2% |
| Financial charges | 65/66B | €10,331 | €12,817 | +€2,486 | +24.1% |
| Recurring financial charges | 65 | €10,331 | €12,817 | +€2,486 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €39,615 | €2,550 | -€37,064 | -93.6% |
| Income taxes | 67/77 | €5,660 | €510 | -€5,150 | -91.0% |
| Profit (loss) for the period | 9904 | €33,955 | €2,040 | -€31,915 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,955 | €2,040 | -€31,915 | -94.0% |
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 11 October 2026 via checked.be.