CHOFFRAY: 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.
CHOFFRAY
Largest movements
- Tangible fixed assets +€65,917
up €65,917 (+11.5%), from €571,126 to €637,043
of which Furniture and vehicles: +€35,478
- Intangible fixed assets -€13,500
down €13,500 (-12.1%), from €111,477 to €97,977
- Debts after one year +€24,260
up €24,260 (+4.1%), from €591,766 to €616,026
- Other debts +€14,928
up €14,928 (+14.2%), from €104,994 to €119,922
- Current portion of long-term debt +€13,682
up €13,682 (+63.1%), from €21,676 to €35,358
- Tax, wage and social debts -€8,468
down €8,468 (-47.4%), from €17,876 to €9,408
of which Taxes: -€6,068
- Depreciation -€41,299
down €41,299 (-48.1%), from €85,906 to €44,607
- Gross operating margin +€23,330
up €23,330 (+42.0%), from €55,579 to €78,909
- Other operating charges +€7,066
up €7,066 (+188.0%), from €3,759 to €10,825
- Financial charges -€1,834
down €1,834 (-6.8%), from €27,164 to €25,330
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 | €698,924 | €744,239 | +€45,315 | +6.5% |
| Fixed assets | 21/28 | €682,602 | €735,020 | +€52,417 | +7.7% |
| Intangible fixed assets | 21 | €111,477 | €97,977 | -€13,500 | -12.1% |
| Tangible fixed assets | 22/27 | €571,126 | €637,043 | +€65,917 | +11.5% |
| Land and buildings | 22 | €565,936 | €597,449 | +€31,513 | +5.6% |
| Furniture and vehicles | 24 | €854 | €36,332 | +€35,478 | +4156.6% |
| Other tangible fixed assets | 26 | €4,337 | €3,263 | -€1,074 | -24.8% |
| Current assets | 29/58 | €16,321 | €9,220 | -€7,102 | -43.5% |
| Amounts receivable within one year | 40/41 | €5,000 | €0 | -€5,000 | -100.0% |
| Trade receivables | 40 | €5,000 | €0 | -€5,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,821 | €7,360 | -€3,461 | -32.0% |
| Deferred charges and accrued income | 490/1 | €500 | €1,860 | +€1,360 | +272.0% |
| Total equity and liabilities | 10/49 | €698,924 | €744,239 | +€45,315 | +6.5% |
| Equity | 10/15 | -€41,865 | -€43,723 | -€1,857 | -4.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,865 | -€48,723 | -€1,857 | -4.0% |
| Amounts payable | 17/49 | €740,789 | €787,962 | +€47,173 | +6.4% |
| Amounts payable after more than one year | 17 | €591,766 | €616,026 | +€24,260 | +4.1% |
| Financial debts | 170/4 | €591,766 | €616,026 | +€24,260 | +4.1% |
| Amounts payable within one year | 42/48 | €146,887 | €169,611 | +€22,723 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €21,676 | €35,358 | +€13,682 | +63.1% |
| Financial debts | 43 | - | €1,653 | +€1,653 | |
| Credit institutions | 430/8 | - | €1,653 | +€1,653 | |
| Trade debts | 44 | €2,342 | €3,269 | +€927 | +39.6% |
| Suppliers | 440/4 | €2,342 | €3,269 | +€927 | +39.6% |
| Taxes, remuneration and social security | 45 | €17,876 | €9,408 | -€8,468 | -47.4% |
| Taxes | 450/3 | €15,476 | €9,408 | -€6,068 | -39.2% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100.0% |
| Other amounts payable | 47/48 | €104,994 | €119,922 | +€14,928 | +14.2% |
| Accrued charges and deferred income | 492/3 | €2,136 | €2,326 | +€190 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,906 | €44,607 | -€41,299 | -48.1% |
| Other operating charges | 640/8 | €3,759 | €10,825 | +€7,066 | +188.0% |
| Gross operating margin | 9900 | €55,579 | €78,909 | +€23,330 | +42.0% |
| Operating profit (loss) | 9901 | -€34,085 | €23,478 | +€57,563 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €27,164 | €25,330 | -€1,834 | -6.8% |
| Recurring financial charges | 65 | €27,164 | €25,330 | -€1,834 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€61,249 | -€1,852 | +€59,397 | +97.0% |
| Income taxes | 67/77 | €0 | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€61,249 | -€1,857 | +€59,391 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,249 | -€1,857 | +€59,391 | +97.0% |
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 9 October 2026 via checked.be.