CHRINA: 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.
CHRINA
Largest movements
- Stocks and contracts +€185,868
up €185,868 (+652%), from €28,500 to €214,368
of which Stocks: +€191,868
- Receivables within one year -€132,475
down €132,475 (-48.2%), from €274,790 to €142,315
of which Other amounts receivable: -€96,391
- Cash -€110,083
down €110,083 (-88.3%), from €124,632 to €14,549
mainly Stocks and contracts (-€185,868) and Contributions, distributions and other (-€82,500)
- Tangible fixed assets -€14,561
down €14,561 (-5.4%), from €269,780 to €255,219
of which Land and buildings: -€11,776
- Short-term financial debts +€69,983
up €69,983 (+2,046%), from €3,420 to €73,403
- Accrued charges and deferred income -€53,798
no longer reported in 2025 (was €53,798)
- Reserves -€46,000
down €46,000 (-18.0%), from €255,860 to €209,860
- Trade debts -€25,921
down €25,921 (-43.8%), from €59,199 to €33,278
- Debts after one year -€21,425
down €21,425 (-8.5%), from €252,880 to €231,455
- Gross operating margin -€9,071
down €9,071 (-11.3%), from €80,611 to €71,540
- Financial income -€4,851
down €4,851 (-48.1%), from €10,090 to €5,239
- Taxes -€4,005
down €4,005 (-21.2%), from €18,862 to €14,857
- Financial charges +€951
up €951 (+18.2%), from €5,222 to €6,173
of which Non-recurring financial charges: +€1,264
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 | €698,914 | €627,466 | -€71,447 | -10.2% |
| Fixed assets | 21/28 | €269,780 | €255,219 | -€14,561 | -5.4% |
| Tangible fixed assets | 22/27 | €269,780 | €255,219 | -€14,561 | -5.4% |
| Land and buildings | 22 | €248,540 | €236,764 | -€11,776 | -4.7% |
| Plant, machinery and equipment | 23 | €18,486 | €15,309 | -€3,176 | -17.2% |
| Furniture and vehicles | 24 | €2,755 | €3,146 | +€391 | +14.2% |
| Current assets | 29/58 | €429,134 | €372,247 | -€56,887 | -13.3% |
| Stocks and contracts in progress | 3 | €28,500 | €214,368 | +€185,868 | +652% |
| Stocks | 30/36 | €22,500 | €214,368 | +€191,868 | +853% |
| Contracts in progress | 37 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €274,790 | €142,315 | -€132,475 | -48.2% |
| Trade receivables | 40 | €102,748 | €66,664 | -€36,084 | -35.1% |
| Other amounts receivable | 41 | €172,041 | €75,651 | -€96,391 | -56.0% |
| Cash at bank and in hand | 54/58 | €124,632 | €14,549 | -€110,083 | -88.3% |
| Deferred charges and accrued income | 490/1 | €1,212 | €1,015 | -€196 | -16.2% |
| Total equity and liabilities | 10/49 | €698,914 | €627,466 | -€71,447 | -10.2% |
| Equity | 10/15 | €299,659 | €254,187 | -€45,472 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,860 | €209,860 | -€46,000 | -18.0% |
| Distributable reserves | 133 | €255,860 | €209,860 | -€46,000 | -18.0% |
| Profit (loss) carried forward | 14 | €25,199 | €25,727 | +€528 | +2.1% |
| Amounts payable | 17/49 | €399,255 | €373,279 | -€25,975 | -6.5% |
| Amounts payable after more than one year | 17 | €252,880 | €231,455 | -€21,425 | -8.5% |
| Financial debts | 170/4 | €252,880 | €231,455 | -€21,425 | -8.5% |
| Amounts payable within one year | 42/48 | €92,577 | €141,825 | +€49,248 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €21,096 | €21,425 | +€330 | +1.6% |
| Financial debts | 43 | €3,420 | €73,403 | +€69,983 | +2,046% |
| Credit institutions | 430/8 | €3,420 | €73,403 | +€69,983 | +2,046% |
| Trade debts | 44 | €59,199 | €33,278 | -€25,921 | -43.8% |
| Suppliers | 440/4 | €59,199 | €33,278 | -€25,921 | -43.8% |
| Taxes, remuneration and social security | 45 | €8,862 | €13,718 | +€4,857 | +54.8% |
| Taxes | 450/3 | €8,862 | €13,718 | +€4,857 | +54.8% |
| Accrued charges and deferred income | 492/3 | €53,798 | - | -€53,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,294 | €16,618 | +€324 | +2.0% |
| Other operating charges | 640/8 | €2,082 | €2,103 | +€21 | +1.0% |
| Gross operating margin | 9900 | €80,611 | €71,540 | -€9,071 | -11.3% |
| Operating profit (loss) | 9901 | €62,235 | €52,819 | -€9,417 | -15.1% |
| Financial income | 75/76B | €10,090 | €5,239 | -€4,851 | -48.1% |
| Recurring financial income | 75 | €10,090 | €5,239 | -€4,851 | -48.1% |
| Financial charges | 65/66B | €5,222 | €6,173 | +€951 | +18.2% |
| Recurring financial charges | 65 | €5,222 | €4,908 | -€313 | -6.0% |
| Non-recurring financial charges | 66B | - | €1,264 | +€1,264 | |
| Profit (loss) for the period before taxes | 9903 | €67,103 | €51,885 | -€15,219 | -22.7% |
| Income taxes | 67/77 | €18,862 | €14,857 | -€4,005 | -21.2% |
| Profit (loss) for the period | 9904 | €48,242 | €37,028 | -€11,214 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,242 | €37,028 | -€11,214 | -23.2% |
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 31 October 2026 via checked.be.