CHOISI: 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.
CHOISI
Largest movements
- Cash +€34,892
up €34,892 (+253.8%), from €13,750 to €48,642
mainly Net result for the year (+€50,011) and Trade debts (+€35,988)
- Receivables within one year -€32,233
down €32,233 (-23.4%), from €138,024 to €105,791
of which Other amounts receivable: -€30,567
- Tangible fixed assets -€20,376
down €20,376 (-1.7%), from €1.2m to €1.2m
of which Land and buildings: -€16,557
- Debts after one year -€45,168
down €45,168 (-5.2%), from €863,211 to €818,043
- Trade debts +€35,988
up €35,988 (+68.0%), from €52,889 to €88,877
- Other debts +€25,845
up €25,845, from €0 to €25,845
- Current portion of long-term debt -€15,432
down €15,432 (-22.7%), from €68,004 to €52,572
- Gross operating margin +€53,830
up €53,830 (+29.3%), from €183,538 to €237,369
- Staff costs +€28,285
up €28,285 (+32.3%), from €87,479 to €115,765
- Taxes +€8,522
up €8,522 (+57.1%), from €14,919 to €23,441
- Depreciation -€3,556
down €3,556 (-12.7%), from €27,910 to €24,354
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,344,152 | €1,329,042 | -€15,110 | -1.1% |
| Fixed assets | 21/28 | €1,189,962 | €1,169,586 | -€20,376 | -1.7% |
| Tangible fixed assets | 22/27 | €1,189,962 | €1,169,586 | -€20,376 | -1.7% |
| Land and buildings | 22 | €1,165,363 | €1,148,805 | -€16,557 | -1.4% |
| Plant, machinery and equipment | 23 | €1,475 | €10,201 | +€8,726 | +591.6% |
| Furniture and vehicles | 24 | €23,124 | €10,580 | -€12,544 | -54.2% |
| Current assets | 29/58 | €154,191 | €159,456 | +€5,266 | +3.4% |
| Amounts receivable within one year | 40/41 | €138,024 | €105,791 | -€32,233 | -23.4% |
| Trade receivables | 40 | €79,263 | €77,597 | -€1,666 | -2.1% |
| Other amounts receivable | 41 | €58,761 | €28,194 | -€30,567 | -52.0% |
| Cash at bank and in hand | 54/58 | €13,750 | €48,642 | +€34,892 | +253.8% |
| Deferred charges and accrued income | 490/1 | €2,417 | €5,024 | +€2,607 | +107.8% |
| Total equity and liabilities | 10/49 | €1,344,152 | €1,329,042 | -€15,110 | -1.1% |
| Equity | 10/15 | €278,298 | €272,224 | -€6,074 | -2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €214,499 | €208,426 | -€6,074 | -2.8% |
| Distributable reserves | 133 | €214,499 | €208,426 | -€6,074 | -2.8% |
| Profit (loss) carried forward | 14 | €45,207 | €45,207 | = | 0.0% |
| Amounts payable | 17/49 | €1,065,854 | €1,056,818 | -€9,037 | -0.8% |
| Amounts payable after more than one year | 17 | €863,211 | €818,043 | -€45,168 | -5.2% |
| Financial debts | 170/4 | €863,211 | €818,043 | -€45,168 | -5.2% |
| Amounts payable within one year | 42/48 | €201,487 | €237,892 | +€36,405 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €68,004 | €52,572 | -€15,432 | -22.7% |
| Financial debts | 43 | €33,399 | €20,868 | -€12,531 | -37.5% |
| Credit institutions | 430/8 | €33,399 | €20,868 | -€12,531 | -37.5% |
| Trade debts | 44 | €52,889 | €88,877 | +€35,988 | +68.0% |
| Suppliers | 440/4 | €52,889 | €88,877 | +€35,988 | +68.0% |
| Taxes, remuneration and social security | 45 | €47,194 | €49,729 | +€2,535 | +5.4% |
| Taxes | 450/3 | €27,623 | €28,986 | +€1,363 | +4.9% |
| Remuneration and social security | 454/9 | €19,572 | €20,743 | +€1,172 | +6.0% |
| Other amounts payable | 47/48 | €0 | €25,845 | +€25,845 | |
| Accrued charges and deferred income | 492/3 | €1,157 | €883 | -€274 | -23.7% |
| Remuneration, social security and pensions | 62 | €87,479 | €115,765 | +€28,285 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,910 | €24,354 | -€3,556 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,212 | €5,142 | -€70 | -1.4% |
| Non-recurring operating charges | 66A | - | €312 | +€312 | |
| Gross operating margin | 9900 | €183,538 | €237,369 | +€53,830 | +29.3% |
| Operating profit (loss) | 9901 | €62,937 | €91,796 | +€28,859 | +45.9% |
| Financial income | 75/76B | €2,640 | €2,265 | -€375 | -14.2% |
| Recurring financial income | 75 | €2,640 | €2,265 | -€375 | -14.2% |
| Financial charges | 65/66B | €20,890 | €20,609 | -€281 | -1.3% |
| Recurring financial charges | 65 | €20,890 | €20,609 | -€281 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €44,687 | €73,453 | +€28,766 | +64.4% |
| Income taxes | 67/77 | €14,919 | €23,441 | +€8,522 | +57.1% |
| Profit (loss) for the period | 9904 | €29,767 | €50,011 | +€20,244 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,767 | €50,011 | +€20,244 | +68.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.