Chocolao: 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.
Chocolao
Largest movements
- Receivables within one year -€97,068
down €97,068 (-24.5%), from €395,736 to €298,668
of which Trade receivables: -€142,996
- Stocks and contracts -€67,341
down €67,341 (-18.5%), from €364,763 to €297,422
- Tangible fixed assets -€30,983
down €30,983 (-23.4%), from €132,495 to €101,512
- Cash +€18,344
up €18,344 (+92.6%), from €19,810 to €38,154
mainly Net result for the year (+€106,467) and Receivables within one year (+€97,068)
- Trade debts -€215,297
down €215,297 (-66.2%), from €325,132 to €109,835
- Profit (loss) carried forward +€106,467
up €106,467 (+29.1%), from €366,198 to €472,665
- Debts after one year -€35,449
down €35,449 (-26.2%), from €135,307 to €99,857
of which Financial debts: -€38,649
- Other debts -€20,357
down €20,357 (-48.1%), from €42,297 to €21,940
- Gross operating margin +€42,538
up €42,538 (+17.3%), from €246,377 to €288,915
- Staff costs -€25,787
down €25,787 (-22.2%), from €115,909 to €90,122
- Taxes +€12,626
up €12,626 (+65.2%), from €19,352 to €31,978
- Other operating charges -€9,922
down €9,922 (-77.5%), from €12,802 to €2,880
- Write-downs +€9,744
up €9,744, from -€5,602 to €4,142
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 | €946,262 | €760,178 | -€186,084 | -19.7% |
| Fixed assets | 21/28 | €160,907 | €124,088 | -€36,819 | -22.9% |
| Intangible fixed assets | 21 | €28,373 | €22,537 | -€5,836 | -20.6% |
| Tangible fixed assets | 22/27 | €132,495 | €101,512 | -€30,983 | -23.4% |
| Plant, machinery and equipment | 23 | €14,613 | €10,178 | -€4,435 | -30.3% |
| Furniture and vehicles | 24 | €39,029 | €28,895 | -€10,134 | -26.0% |
| Leasing and similar rights | 25 | €13,892 | €2,403 | -€11,489 | -82.7% |
| Other tangible fixed assets | 26 | €64,961 | €60,035 | -€4,925 | -7.6% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €785,355 | €636,090 | -€149,265 | -19.0% |
| Stocks and contracts in progress | 3 | €364,763 | €297,422 | -€67,341 | -18.5% |
| Stocks | 30/36 | €364,763 | €297,422 | -€67,341 | -18.5% |
| Amounts receivable within one year | 40/41 | €395,736 | €298,668 | -€97,068 | -24.5% |
| Trade receivables | 40 | €348,858 | €205,863 | -€142,996 | -41.0% |
| Other amounts receivable | 41 | €46,878 | €92,806 | +€45,928 | +98.0% |
| Cash at bank and in hand | 54/58 | €19,810 | €38,154 | +€18,344 | +92.6% |
| Deferred charges and accrued income | 490/1 | €5,046 | €1,846 | -€3,200 | -63.4% |
| Total equity and liabilities | 10/49 | €946,262 | €760,178 | -€186,084 | -19.7% |
| Equity | 10/15 | €379,583 | €484,274 | +€104,691 | +27.6% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366,198 | €472,665 | +€106,467 | +29.1% |
| Investment grants | 15 | €2,225 | €449 | -€1,776 | -79.8% |
| Amounts payable | 17/49 | €566,679 | €275,904 | -€290,776 | -51.3% |
| Amounts payable after more than one year | 17 | €135,307 | €99,857 | -€35,449 | -26.2% |
| Financial debts | 170/4 | €73,384 | €34,735 | -€38,649 | -52.7% |
| Other amounts payable | 178/9 | €61,923 | €65,123 | +€3,200 | +5.2% |
| Amounts payable within one year | 42/48 | €423,604 | €175,699 | -€247,905 | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €18,890 | €10,153 | -€8,737 | -46.3% |
| Trade debts | 44 | €325,132 | €109,835 | -€215,297 | -66.2% |
| Suppliers | 440/4 | €325,132 | €109,835 | -€215,297 | -66.2% |
| Taxes, remuneration and social security | 45 | €37,286 | €33,772 | -€3,514 | -9.4% |
| Taxes | 450/3 | €28,984 | €25,979 | -€3,005 | -10.4% |
| Remuneration and social security | 454/9 | €8,302 | €7,793 | -€509 | -6.1% |
| Other amounts payable | 47/48 | €42,297 | €21,940 | -€20,357 | -48.1% |
| Accrued charges and deferred income | 492/3 | €7,768 | €347 | -€7,421 | -95.5% |
| Remuneration, social security and pensions | 62 | €115,909 | €90,122 | -€25,787 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,369 | €50,941 | -€1,427 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,602 | €4,142 | +€9,744 | |
| Other operating charges | 640/8 | €12,802 | €2,880 | -€9,922 | -77.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €246,377 | €288,915 | +€42,538 | +17.3% |
| Operating profit (loss) | 9901 | €70,899 | €140,830 | +€69,931 | +98.6% |
| Financial income | 75/76B | €9,398 | €1,874 | -€7,524 | -80.1% |
| Recurring financial income | 75 | €9,398 | €1,874 | -€7,524 | -80.1% |
| Financial charges | 65/66B | €4,185 | €4,260 | +€75 | +1.8% |
| Recurring financial charges | 65 | €4,185 | €4,260 | +€75 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €76,112 | €138,445 | +€62,332 | +81.9% |
| Income taxes | 67/77 | €19,352 | €31,978 | +€12,626 | +65.2% |
| Profit (loss) for the period | 9904 | €56,760 | €106,467 | +€49,707 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,760 | €106,467 | +€49,707 | +87.6% |
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.