CHOUKE: 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.
CHOUKE
Largest movements
- Cash +€62,770
up €62,770 (+64.2%), from €97,727 to €160,497
mainly Net result for the year (+€91,877) and Tax, wage and social debts (+€13,377)
- Receivables within one year +€33,141
up €33,141 (+288%), from €11,512 to €44,653
of which Trade receivables: +€32,935
- Tangible fixed assets -€5,400
down €5,400 (-2.8%), from €194,029 to €188,629
- Reserves +€91,877
up €91,877 (+142%), from €64,791 to €156,668
- Other debts -€15,716
down €15,716 (-52.4%), from €29,977 to €14,260
- Tax, wage and social debts +€13,377
up €13,377 (+175%), from €7,637 to €21,014
- Depreciation -€27,607
down €27,607 (-83.6%), from €33,007 to €5,400
- Taxes +€7,940
up €7,940 (+47.1%), from €16,843 to €24,783
- Gross operating margin +€6,020
up €6,020 (+5.1%), from €117,448 to €123,468
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.
Derived cash bridge
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 | €303,267 | €393,778 | +€90,511 | +29.8% |
| Fixed assets | 21/28 | €194,029 | €188,629 | -€5,400 | -2.8% |
| Tangible fixed assets | 22/27 | €194,029 | €188,629 | -€5,400 | -2.8% |
| Land and buildings | 22 | €194,029 | €188,629 | -€5,400 | -2.8% |
| Current assets | 29/58 | €109,239 | €205,150 | +€95,911 | +87.8% |
| Amounts receivable within one year | 40/41 | €11,512 | €44,653 | +€33,141 | +288% |
| Trade receivables | 40 | €10,355 | €43,290 | +€32,935 | +318% |
| Other amounts receivable | 41 | €1,157 | €1,363 | +€206 | +17.8% |
| Cash at bank and in hand | 54/58 | €97,727 | €160,497 | +€62,770 | +64.2% |
| Total equity and liabilities | 10/49 | €303,267 | €393,778 | +€90,511 | +29.8% |
| Equity | 10/15 | €65,291 | €157,168 | +€91,877 | +141% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €64,791 | €156,668 | +€91,877 | +142% |
| Distributable reserves | 133 | €64,791 | €156,668 | +€91,877 | +142% |
| Amounts payable | 17/49 | €237,976 | €236,610 | -€1,366 | -0.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,976 | €36,610 | -€1,366 | -3.6% |
| Trade debts | 44 | €363 | €1,336 | +€973 | +268% |
| Suppliers | 440/4 | €363 | €1,336 | +€973 | +268% |
| Taxes, remuneration and social security | 45 | €7,637 | €21,014 | +€13,377 | +175% |
| Taxes | 450/3 | €7,637 | €21,014 | +€13,377 | +175% |
| Other amounts payable | 47/48 | €29,977 | €14,260 | -€15,716 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,007 | €5,400 | -€27,607 | -83.6% |
| Other operating charges | 640/8 | €1,641 | €1,446 | -€196 | -11.9% |
| Gross operating margin | 9900 | €117,448 | €123,468 | +€6,020 | +5.1% |
| Operating profit (loss) | 9901 | €82,800 | €116,622 | +€33,822 | +40.8% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €82,747 | €116,660 | +€33,913 | +41.0% |
| Income taxes | 67/77 | €16,843 | €24,783 | +€7,940 | +47.1% |
| Profit (loss) for the period | 9904 | €65,903 | €91,877 | +€25,974 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,903 | €91,877 | +€25,974 | +39.4% |
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 16 October 2026 via checked.be.