Chôreô: what changed
Two fiscal 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.
Chôreô
Largest movements
- Tangible fixed assets -€188,072
down €188,072 (-1.8%), from €10.3m to €10.1m
of which Land and buildings: -€180,884
- Receivables within one year -€122,746
down €122,746 (-100.0%), from €122,746 to €0
of which Other amounts receivable: -€119,867
- Other debts -€743,271
down €743,271 (-9.9%), from €7.5m to €6.8m
- Reserves +€510,204
up €510,204 (+47.4%), from €1.1m to €1.6m
of which Distributable reserves: +€510,204
- Debts after one year -€174,038
down €174,038 (-10.8%), from €1.6m to €1.4m
of which Financial debts: -€186,446
- Gross operating margin +€208,197
up €208,197 (+26.4%), from €787,946 to €996,143
- Taxes +€169,993
up €169,993 (+4284.1%), from €3,968 to €173,961
- Depreciation +€59,765
up €59,765 (+26.0%), from €229,526 to €289,291
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 | €10,546,237 | €10,250,908 | -€295,329 | -2.8% |
| Fixed assets | 21/28 | €10,328,921 | €10,140,849 | -€188,072 | -1.8% |
| Tangible fixed assets | 22/27 | €10,328,921 | €10,140,849 | -€188,072 | -1.8% |
| Land and buildings | 22 | €10,272,090 | €10,091,206 | -€180,884 | -1.8% |
| Furniture and vehicles | 24 | €56,831 | €49,643 | -€7,188 | -12.6% |
| Current assets | 29/58 | €217,316 | €110,059 | -€107,257 | -49.4% |
| Amounts receivable within one year | 40/41 | €122,746 | €0 | -€122,746 | -100.0% |
| Trade receivables | 40 | €2,879 | €0 | -€2,879 | -100.0% |
| Other amounts receivable | 41 | €119,867 | €0 | -€119,867 | -100.0% |
| Cash at bank and in hand | 54/58 | €86,889 | €102,660 | +€15,771 | +18.2% |
| Deferred charges and accrued income | 490/1 | €7,682 | €7,399 | -€282 | -3.7% |
| Total equity and liabilities | 10/49 | €10,546,237 | €10,250,908 | -€295,329 | -2.8% |
| Equity | 10/15 | €1,152,115 | €1,662,319 | +€510,204 | +44.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Revaluation surpluses | 12 | €9,938 | €9,938 | = | 0.0% |
| Reserves | 13 | €1,077,178 | €1,587,381 | +€510,204 | +47.4% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €1,070,678 | €1,580,881 | +€510,204 | +47.7% |
| Amounts payable | 17/49 | €9,394,121 | €8,588,589 | -€805,532 | -8.6% |
| Amounts payable after more than one year | 17 | €1,616,846 | €1,442,809 | -€174,038 | -10.8% |
| Financial debts | 170/4 | €1,513,923 | €1,327,477 | -€186,446 | -12.3% |
| Other amounts payable | 178/9 | €102,923 | €115,332 | +€12,409 | +12.1% |
| Amounts payable within one year | 42/48 | €7,739,250 | €7,101,302 | -€637,948 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €183,912 | €186,446 | +€2,534 | +1.4% |
| Trade debts | 44 | €27,648 | €56,476 | +€28,827 | +104.3% |
| Suppliers | 440/4 | €27,648 | €56,476 | +€28,827 | +104.3% |
| Taxes, remuneration and social security | 45 | - | €73,961 | +€73,961 | |
| Taxes | 450/3 | - | €73,961 | +€73,961 | |
| Other amounts payable | 47/48 | €7,527,689 | €6,784,419 | -€743,271 | -9.9% |
| Accrued charges and deferred income | 492/3 | €38,025 | €44,478 | +€6,453 | +17.0% |
| Remuneration, social security and pensions | 62 | €335 | - | -€335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,526 | €289,291 | +€59,765 | +26.0% |
| Other operating charges | 640/8 | €238 | €66 | -€172 | -72.4% |
| Non-recurring operating charges | 66A | €519,993 | - | -€519,993 | |
| Gross operating margin | 9900 | €787,946 | €996,143 | +€208,197 | +26.4% |
| Operating profit (loss) | 9901 | €37,854 | €706,786 | +€668,932 | +1767.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €24,840 | €22,622 | -€2,218 | -8.9% |
| Recurring financial charges | 65 | €24,840 | €22,622 | -€2,218 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €13,014 | €684,165 | +€671,150 | +5157.0% |
| Income taxes | 67/77 | €3,968 | €173,961 | +€169,993 | +4284.1% |
| Profit (loss) for the period | 9904 | €9,046 | €510,204 | +€501,157 | +5539.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,046 | €510,204 | +€501,157 | +5539.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.