CHOCO: 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.
CHOCO
Largest movements
- Cash +€58,547
up €58,547 (+20.7%), from €283,494 to €342,040
mainly Net result for the year (+€134,379) and Accrued charges and deferred income (+€52,108)
- Deferred charges and accrued income +€44,250
up €44,250 (+199.7%), from €22,156 to €66,406
- Receivables within one year +€36,434
up €36,434 (+8.4%), from €434,654 to €471,089
of which Trade receivables: +€107,767
- Accrued charges and deferred income +€52,108
up €52,108 (+390.0%), from €13,362 to €65,470
- Reserves +€47,809
up €47,809 (+15.1%), from €316,026 to €363,835
of which Distributable reserves: +€47,809
- Trade debts +€28,933
up €28,933 (+33.2%), from €87,137 to €116,069
- Short-term financial debts +€16,821
new in 2025: €16,821
- Staff costs -€30,589
down €30,589 (-32.5%), from €94,086 to €63,497
- Gross operating margin -€14,001
down €14,001 (-4.4%), from €321,198 to €307,197
- Taxes +€10,724
up €10,724 (+14.6%), from €73,627 to €84,351
- Write-downs -€7,400
down €7,400 (-100.0%), from €7,400 to €0
- Financial charges +€5,664
up €5,664 (+206.4%), from €2,744 to €8,408
of which Non-recurring financial charges: +€3,846
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 | €819,403 | €966,121 | +€146,718 | +17.9% |
| Fixed assets | 21/28 | €79,099 | €86,586 | +€7,487 | +9.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €43,099 | €50,586 | +€7,487 | +17.4% |
| Furniture and vehicles | 24 | €25,282 | €34,872 | +€9,590 | +37.9% |
| Other tangible fixed assets | 26 | €17,817 | €15,714 | -€2,103 | -11.8% |
| Financial fixed assets | 28 | €36,000 | €36,000 | = | 0.0% |
| Current assets | 29/58 | €740,304 | €879,535 | +€139,231 | +18.8% |
| Amounts receivable within one year | 40/41 | €434,654 | €471,089 | +€36,434 | +8.4% |
| Trade receivables | 40 | €297,383 | €405,150 | +€107,767 | +36.2% |
| Other amounts receivable | 41 | €137,271 | €65,939 | -€71,332 | -52.0% |
| Cash at bank and in hand | 54/58 | €283,494 | €342,040 | +€58,547 | +20.7% |
| Deferred charges and accrued income | 490/1 | €22,156 | €66,406 | +€44,250 | +199.7% |
| Total equity and liabilities | 10/49 | €819,403 | €966,121 | +€146,718 | +17.9% |
| Equity | 10/15 | €412,138 | €459,947 | +€47,809 | +11.6% |
| Contributions | 10/11 | €96,112 | €96,112 | = | 0.0% |
| Reserves | 13 | €316,026 | €363,835 | +€47,809 | +15.1% |
| Non-distributable reserves | 130/1 | €3,965 | €3,965 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,965 | €3,965 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,280 | €15,280 | = | 0.0% |
| Distributable reserves | 133 | €296,781 | €344,590 | +€47,809 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €162,110 | €162,110 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €162,110 | €162,110 | = | 0.0% |
| Pensions and similar obligations | 160 | €162,110 | €162,110 | = | 0.0% |
| Amounts payable | 17/49 | €245,155 | €344,064 | +€98,909 | +40.3% |
| Amounts payable within one year | 42/48 | €231,793 | €278,594 | +€46,801 | +20.2% |
| Financial debts | 43 | - | €16,821 | +€16,821 | |
| Credit institutions | 430/8 | - | €16,821 | +€16,821 | |
| Trade debts | 44 | €87,137 | €116,069 | +€28,933 | +33.2% |
| Suppliers | 440/4 | €87,137 | €116,069 | +€28,933 | +33.2% |
| Taxes, remuneration and social security | 45 | €49,919 | €59,134 | +€9,215 | +18.5% |
| Taxes | 450/3 | €45,581 | €53,723 | +€8,141 | +17.9% |
| Remuneration and social security | 454/9 | €4,338 | €5,412 | +€1,074 | +24.7% |
| Other amounts payable | 47/48 | €94,737 | €86,569 | -€8,168 | -8.6% |
| Accrued charges and deferred income | 492/3 | €13,362 | €65,470 | +€52,108 | +390.0% |
| Non-recurring operating income | 76A | €24,223 | €0 | -€24,223 | -100.0% |
| Remuneration, social security and pensions | 62 | €94,086 | €63,497 | -€30,589 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,952 | €14,198 | +€246 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,400 | €0 | -€7,400 | -100.0% |
| Other operating charges | 640/8 | €5,179 | €10,353 | +€5,174 | +99.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €321,198 | €307,197 | -€14,001 | -4.4% |
| Operating profit (loss) | 9901 | €200,581 | €219,149 | +€18,567 | +9.3% |
| Financial income | 75/76B | €8,231 | €7,989 | -€241 | -2.9% |
| Recurring financial income | 75 | €8,231 | €7,989 | -€241 | -2.9% |
| Financial charges | 65/66B | €2,744 | €8,408 | +€5,664 | +206.4% |
| Recurring financial charges | 65 | €2,744 | €4,562 | +€1,818 | +66.2% |
| Non-recurring financial charges | 66B | - | €3,846 | +€3,846 | |
| Profit (loss) for the period before taxes | 9903 | €206,068 | €218,730 | +€12,662 | +6.1% |
| Income taxes | 67/77 | €73,627 | €84,351 | +€10,724 | +14.6% |
| Profit (loss) for the period | 9904 | €132,441 | €134,379 | +€1,938 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,441 | €134,379 | +€1,938 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.