CHORUS SERVICES: 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.
CHORUS SERVICES
Largest movements
- Cash -€289,600
down €289,600 (-79.2%), from €365,487 to €75,887
mainly Other debts (-€182,745) and Debts after one year (-€85,310)
- Tangible fixed assets +€70,015
up €70,015 (+200.6%), from €34,899 to €104,914
of which Furniture and vehicles: +€69,463
- Receivables within one year +€55,878
up €55,878 (+36.3%), from €153,832 to €209,710
of which Other amounts receivable: +€52,841
- Other debts -€182,745
no longer reported in 2026 (was €182,745)
- Debts after one year -€85,310
down €85,310 (-9.6%), from €885,310 to €800,000
- Profit (loss) carried forward +€61,873
up €61,873 (+1.1%), from -€5.7m to -€5.6m
- Current portion of long-term debt +€46,000
new in 2026: €46,000
- Short-term financial debts -€37,026
no longer reported in 2026 (was €37,026)
- Financial charges -€5.7m
down €5.7m (-99.5%), from €5.7m to €25,791
of which Non-recurring financial charges: -€5.7m
- Gross operating margin +€145,552
up €145,552 (+2006.6%), from €7,254 to €152,805
- Financial income -€64,098
down €64,098 (-93.8%), from €68,325 to €4,228
of which Non-recurring financial income: -€64,364
- Staff costs +€4,572
up €4,572 (+8.4%), from €54,683 to €59,255
- Taxes +€3,992
up €3,992 (+1106.2%), from €361 to €4,353
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 | €902,269 | €739,422 | -€162,848 | -18.0% |
| Fixed assets | 21/28 | €35,023 | €105,037 | +€70,015 | +199.9% |
| Tangible fixed assets | 22/27 | €34,899 | €104,914 | +€70,015 | +200.6% |
| Plant, machinery and equipment | 23 | €1,965 | €2,517 | +€552 | +28.1% |
| Furniture and vehicles | 24 | €32,933 | €102,396 | +€69,463 | +210.9% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €867,247 | €634,384 | -€232,862 | -26.9% |
| Amounts receivable after more than one year | 29 | €345,956 | €345,956 | = | 0.0% |
| Other amounts receivable | 291 | €345,956 | €345,956 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,832 | €209,710 | +€55,878 | +36.3% |
| Trade receivables | 40 | €32,203 | €35,241 | +€3,037 | +9.4% |
| Other amounts receivable | 41 | €121,629 | €174,470 | +€52,841 | +43.4% |
| Cash at bank and in hand | 54/58 | €365,487 | €75,887 | -€289,600 | -79.2% |
| Deferred charges and accrued income | 490/1 | €1,972 | €2,831 | +€859 | +43.6% |
| Total equity and liabilities | 10/49 | €902,269 | €739,422 | -€162,848 | -18.0% |
| Equity | 10/15 | -€556,963 | -€495,091 | +€61,873 | +11.1% |
| Contributions | 10/11 | €4,638,378 | €4,638,378 | = | 0.0% |
| Reserves | 13 | €514,338 | €514,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,724 | €29,724 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,724 | €29,724 | = | 0.0% |
| Distributable reserves | 133 | €484,614 | €484,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,709,680 | -€5,647,807 | +€61,873 | +1.1% |
| Amounts payable | 17/49 | €1,459,233 | €1,234,512 | -€224,720 | -15.4% |
| Amounts payable after more than one year | 17 | €885,310 | €800,000 | -€85,310 | -9.6% |
| Financial debts | 170/4 | €885,310 | €800,000 | -€85,310 | -9.6% |
| Amounts payable within one year | 42/48 | €237,002 | €75,673 | -€161,330 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | - | €46,000 | +€46,000 | |
| Financial debts | 43 | €37,026 | - | -€37,026 | |
| Credit institutions | 430/8 | €37,026 | - | -€37,026 | |
| Trade debts | 44 | €6,717 | €13,304 | +€6,587 | +98.1% |
| Suppliers | 440/4 | €6,717 | €13,304 | +€6,587 | +98.1% |
| Taxes, remuneration and social security | 45 | €10,514 | €16,369 | +€5,855 | +55.7% |
| Taxes | 450/3 | €2,830 | €6,244 | +€3,414 | +120.6% |
| Remuneration and social security | 454/9 | €7,684 | €10,125 | +€2,441 | +31.8% |
| Other amounts payable | 47/48 | €182,745 | - | -€182,745 | |
| Accrued charges and deferred income | 492/3 | €336,920 | €358,840 | +€21,919 | +6.5% |
| Remuneration, social security and pensions | 62 | €54,683 | €59,255 | +€4,572 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,331 | €4,079 | +€748 | +22.5% |
| Other operating charges | 640/8 | €2,463 | €1,682 | -€781 | -31.7% |
| Gross operating margin | 9900 | €7,254 | €152,805 | +€145,552 | +2006.6% |
| Operating profit (loss) | 9901 | -€53,224 | €87,789 | +€141,013 | |
| Financial income | 75/76B | €68,325 | €4,228 | -€64,098 | -93.8% |
| Recurring financial income | 75 | €3,962 | €4,228 | +€266 | +6.7% |
| Non-recurring financial income | 76B | €64,364 | - | -€64,364 | |
| Financial charges | 65/66B | €5,724,420 | €25,791 | -€5.7m | -99.5% |
| Recurring financial charges | 65 | €27,717 | €25,791 | -€1,926 | -6.9% |
| Non-recurring financial charges | 66B | €5,696,703 | - | -€5.7m | |
| Profit (loss) for the period before taxes | 9903 | -€5,709,319 | €66,225 | +€5.8m | |
| Income taxes | 67/77 | €361 | €4,353 | +€3,992 | +1106.2% |
| Profit (loss) for the period | 9904 | -€5,709,680 | €61,873 | +€5.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,709,680 | €61,873 | +€5.8m |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.