CHORIS CONSTRUCT: 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.
CHORIS CONSTRUCT
Largest movements
- Receivables within one year +€77,427
up €77,427 (+89.7%), from €86,305 to €163,732
of which Trade receivables: +€78,522
- Deferred charges and accrued income +€6,021
new in 2025: €6,021
- Cash -€5,946
down €5,946 (-94.4%), from €6,300 to €354
mainly Receivables within one year (-€77,427) and Investment in fixed assets (net) (-€10,347)
- Financial fixed assets +€4,500
new in 2025: €4,500
- Tangible fixed assets +€2,004
up €2,004 (+35.1%), from €5,716 to €7,719
- Accrued charges and deferred income +€35,883
up €35,883 (+53.9%), from €66,524 to €102,407
- Tax, wage and social debts +€20,214
up €20,214 (+205.0%), from €9,858 to €30,072
of which Taxes: +€10,914
- Reserves +€18,900
up €18,900 (+143.2%), from €13,200 to €32,100
- Other debts +€4,623
up €4,623 (+465.7%), from €993 to €5,616
- Trade debts +€4,383
up €4,383 (+165.7%), from €2,645 to €7,028
- Write-downs -€93,661
down €93,661 (-100.0%), from €93,661 to €0
- Gross operating margin -€84,804
down €84,804 (-72.1%), from €117,607 to €32,802
- Depreciation +€2,866
up €2,866 (+293.2%), from €978 to €3,844
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 | €98,321 | €182,326 | +€84,006 | +85.4% |
| Fixed assets | 21/28 | €5,716 | €12,219 | +€6,504 | +113.8% |
| Tangible fixed assets | 22/27 | €5,716 | €7,719 | +€2,004 | +35.1% |
| Plant, machinery and equipment | 23 | €5,716 | €7,719 | +€2,004 | +35.1% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €92,605 | €170,107 | +€77,502 | +83.7% |
| Amounts receivable within one year | 40/41 | €86,305 | €163,732 | +€77,427 | +89.7% |
| Trade receivables | 40 | €85,209 | €163,732 | +€78,522 | +92.2% |
| Other amounts receivable | 41 | €1,096 | €0 | -€1,096 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,300 | €354 | -€5,946 | -94.4% |
| Deferred charges and accrued income | 490/1 | - | €6,021 | +€6,021 | |
| Total equity and liabilities | 10/49 | €98,321 | €182,326 | +€84,006 | +85.4% |
| Equity | 10/15 | €18,300 | €37,203 | +€18,902 | +103.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,200 | €32,100 | +€18,900 | +143.2% |
| Distributable reserves | 133 | €13,200 | €32,100 | +€18,900 | +143.2% |
| Profit (loss) carried forward | 14 | €100 | €103 | +€2 | +2.5% |
| Amounts payable | 17/49 | €80,020 | €145,124 | +€65,103 | +81.4% |
| Amounts payable within one year | 42/48 | €13,496 | €42,717 | +€29,221 | +216.5% |
| Trade debts | 44 | €2,645 | €7,028 | +€4,383 | +165.7% |
| Suppliers | 440/4 | €2,645 | €7,028 | +€4,383 | +165.7% |
| Taxes, remuneration and social security | 45 | €9,858 | €30,072 | +€20,214 | +205.0% |
| Taxes | 450/3 | €8,118 | €19,032 | +€10,914 | +134.4% |
| Remuneration and social security | 454/9 | €1,740 | €11,040 | +€9,300 | +534.5% |
| Other amounts payable | 47/48 | €993 | €5,616 | +€4,623 | +465.7% |
| Accrued charges and deferred income | 492/3 | €66,524 | €102,407 | +€35,883 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | €3,844 | +€2,866 | +293.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €93,661 | €0 | -€93,661 | -100.0% |
| Other operating charges | 640/8 | €1,136 | €1,204 | +€68 | +6.0% |
| Non-recurring operating charges | 66A | - | €246 | +€246 | |
| Gross operating margin | 9900 | €117,607 | €32,802 | -€84,804 | -72.1% |
| Operating profit (loss) | 9901 | €21,832 | €27,509 | +€5,677 | +26.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €417 | €564 | +€147 | +35.2% |
| Recurring financial charges | 65 | €417 | €564 | +€147 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €21,419 | €26,945 | +€5,527 | +25.8% |
| Income taxes | 67/77 | €8,118 | €8,043 | -€75 | -0.9% |
| Profit (loss) for the period | 9904 | €13,300 | €18,902 | +€5,602 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,300 | €18,902 | +€5,602 | +42.1% |
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 8 October 2026 via checked.be.