Choudak: 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.
Choudak
Largest movements
- Receivables within one year +€18,246
up €18,246 (+18.9%), from €96,485 to €114,731
of which Trade receivables: +€22,042
- Stocks and contracts -€12,541
down €12,541 (-89.2%), from €14,066 to €1,526
- Cash +€8,007
up €8,007 (+33.8%), from €23,688 to €31,695
mainly Net result for the year (+€12,965) and Stocks and contracts (+€12,541)
- Tangible fixed assets -€5,388
down €5,388 (-25.3%), from €21,328 to €15,940
- Other debts -€23,082
down €23,082 (-47.7%), from €48,421 to €25,339
- Profit (loss) carried forward +€12,965
up €12,965 (+17.3%), from €75,071 to €88,036
- Tax, wage and social debts +€7,549
up €7,549 (+96.0%), from €7,867 to €15,417
- Trade debts +€6,195
up €6,195 (+95.2%), from €6,506 to €12,701
- Accrued charges and deferred income +€4,698
up €4,698 (+37.4%), from €12,552 to €17,250
- Turnover -€174,035
no longer reported in 2025 (was €174,035)
- Purchases and services -€140,577
no longer reported in 2025 (was €140,577)
- Gross operating margin -€6,957
down €6,957 (-20.8%), from €33,457 to €26,500
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 | €156,617 | €164,942 | +€8,325 | +5.3% |
| Fixed assets | 21/28 | €22,378 | €16,990 | -€5,388 | -24.1% |
| Tangible fixed assets | 22/27 | €21,328 | €15,940 | -€5,388 | -25.3% |
| Furniture and vehicles | 24 | €21,328 | €15,940 | -€5,388 | -25.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €134,240 | €147,952 | +€13,713 | +10.2% |
| Stocks and contracts in progress | 3 | €14,066 | €1,526 | -€12,541 | -89.2% |
| Stocks | 30/36 | €14,066 | €1,526 | -€12,541 | -89.2% |
| Amounts receivable within one year | 40/41 | €96,485 | €114,731 | +€18,246 | +18.9% |
| Trade receivables | 40 | €92,689 | €114,731 | +€22,042 | +23.8% |
| Other amounts receivable | 41 | €3,796 | - | -€3,796 | |
| Cash at bank and in hand | 54/58 | €23,688 | €31,695 | +€8,007 | +33.8% |
| Total equity and liabilities | 10/49 | €156,617 | €164,942 | +€8,325 | +5.3% |
| Equity | 10/15 | €81,271 | €94,236 | +€12,965 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,071 | €88,036 | +€12,965 | +17.3% |
| Amounts payable | 17/49 | €75,346 | €70,706 | -€4,640 | -6.2% |
| Amounts payable within one year | 42/48 | €62,794 | €53,456 | -€9,338 | -14.9% |
| Trade debts | 44 | €6,506 | €12,701 | +€6,195 | +95.2% |
| Suppliers | 440/4 | €6,506 | €12,701 | +€6,195 | +95.2% |
| Taxes, remuneration and social security | 45 | €7,867 | €15,417 | +€7,549 | +96.0% |
| Taxes | 450/3 | €7,867 | €15,417 | +€7,549 | +96.0% |
| Other amounts payable | 47/48 | €48,421 | €25,339 | -€23,082 | -47.7% |
| Accrued charges and deferred income | 492/3 | €12,552 | €17,250 | +€4,698 | +37.4% |
| Turnover | 70 | €174,035 | - | -€174,035 | |
| Goods, raw materials, services and sundry goods | 60/61 | €140,577 | - | -€140,577 | |
| Remuneration, social security and pensions | 62 | - | €105 | +€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,613 | €5,388 | -€225 | -4.0% |
| Other operating charges | 640/8 | €2,831 | €2,173 | -€658 | -23.3% |
| Gross operating margin | 9900 | €33,457 | €26,500 | -€6,957 | -20.8% |
| Operating profit (loss) | 9901 | €25,014 | €18,834 | -€6,179 | -24.7% |
| Financial income | 75/76B | - | €432 | +€432 | |
| Recurring financial income | 75 | - | €432 | +€432 | |
| Financial charges | 65/66B | €74 | €994 | +€921 | +1252.7% |
| Recurring financial charges | 65 | €74 | €474 | +€401 | +545.2% |
| Non-recurring financial charges | 66B | - | €520 | +€520 | |
| Profit (loss) for the period before taxes | 9903 | €24,940 | €18,272 | -€6,668 | -26.7% |
| Income taxes | 67/77 | €5,307 | €5,307 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €19,633 | €12,965 | -€6,668 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,633 | €12,965 | -€6,668 | -34.0% |
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.