CHRONIC: 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.
CHRONIC
Largest movements
- Receivables within one year -€99,591
down €99,591 (-45.4%), from €219,395 to €119,805
of which Other amounts receivable: -€79,718
- Cash +€43,939
up €43,939 (+105.5%), from €41,658 to €85,597
mainly Receivables within one year (+€99,591) and Depreciation (+€40,724)
- Debts after one year -€75,469
down €75,469 (-17.8%), from €424,606 to €349,137
- Trade debts +€17,892
up €17,892 (+53.6%), from €33,365 to €51,257
- Reserves +€11,247
up €11,247 (+2.5%), from €442,738 to €453,985
of which Distributable reserves: +€11,247
- Staff costs +€10,472
up €10,472 (+6.0%), from €175,166 to €185,638
- Financial charges +€9,163
up €9,163 (+129.2%), from €7,092 to €16,254
- Depreciation +€9,022
up €9,022 (+28.5%), from €31,702 to €40,724
- Gross operating margin -€8,063
down €8,063 (-3.0%), from €269,034 to €260,972
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 | €987,242 | €942,222 | -€45,021 | -4.6% |
| Fixed assets | 21/28 | €656,154 | €660,401 | +€4,246 | +0.6% |
| Tangible fixed assets | 22/27 | €655,904 | €660,151 | +€4,246 | +0.6% |
| Land and buildings | 22 | €628,285 | €627,615 | -€670 | -0.1% |
| Plant, machinery and equipment | 23 | €4,495 | €3,246 | -€1,249 | -27.8% |
| Furniture and vehicles | 24 | €9,103 | €19,603 | +€10,500 | +115.4% |
| Other tangible fixed assets | 26 | €14,022 | €9,687 | -€4,334 | -30.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €331,088 | €281,821 | -€49,267 | -14.9% |
| Stocks and contracts in progress | 3 | €70,034 | €76,419 | +€6,384 | +9.1% |
| Stocks | 30/36 | €70,034 | €56,419 | -€13,616 | -19.4% |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €219,395 | €119,805 | -€99,591 | -45.4% |
| Trade receivables | 40 | €60,417 | €40,544 | -€19,873 | -32.9% |
| Other amounts receivable | 41 | €158,979 | €79,261 | -€79,718 | -50.1% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,658 | €85,597 | +€43,939 | +105.5% |
| Total equity and liabilities | 10/49 | €987,242 | €942,222 | -€45,021 | -4.6% |
| Equity | 10/15 | €468,536 | €479,783 | +€11,247 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €442,738 | €453,985 | +€11,247 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,861 | €5,861 | = | 0.0% |
| Distributable reserves | 133 | €435,016 | €446,263 | +€11,247 | +2.6% |
| Profit (loss) carried forward | 14 | €7,198 | €7,198 | = | 0.0% |
| Amounts payable | 17/49 | €518,707 | €462,439 | -€56,268 | -10.8% |
| Amounts payable after more than one year | 17 | €424,606 | €349,137 | -€75,469 | -17.8% |
| Financial debts | 170/4 | €424,606 | €349,137 | -€75,469 | -17.8% |
| Amounts payable within one year | 42/48 | €94,101 | €113,302 | +€19,201 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €50,774 | €51,850 | +€1,076 | +2.1% |
| Trade debts | 44 | €33,365 | €51,257 | +€17,892 | +53.6% |
| Suppliers | 440/4 | €33,365 | €51,257 | +€17,892 | +53.6% |
| Taxes, remuneration and social security | 45 | €9,963 | €10,195 | +€232 | +2.3% |
| Remuneration and social security | 454/9 | €9,963 | €10,195 | +€232 | +2.3% |
| Remuneration, social security and pensions | 62 | €175,166 | €185,638 | +€10,472 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,702 | €40,724 | +€9,022 | +28.5% |
| Other operating charges | 640/8 | €4,162 | €5,338 | +€1,176 | +28.3% |
| Gross operating margin | 9900 | €269,034 | €260,972 | -€8,063 | -3.0% |
| Operating profit (loss) | 9901 | €58,004 | €29,271 | -€28,733 | -49.5% |
| Financial income | 75/76B | €3,184 | €3,912 | +€728 | +22.9% |
| Recurring financial income | 75 | €3,184 | €3,912 | +€728 | +22.9% |
| Financial charges | 65/66B | €7,092 | €16,254 | +€9,163 | +129.2% |
| Recurring financial charges | 65 | €7,092 | €16,254 | +€9,163 | +129.2% |
| Profit (loss) for the period before taxes | 9903 | €54,096 | €16,929 | -€37,167 | -68.7% |
| Income taxes | 67/77 | €7,675 | €5,682 | -€1,994 | -26.0% |
| Profit (loss) for the period | 9904 | €46,421 | €11,247 | -€35,173 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,421 | €11,247 | -€35,173 | -75.8% |
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 11 October 2026 via checked.be.