CHRONOGRAPHE: 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.
CHRONOGRAPHE
Largest movements
- Current investments +€34,545
new in 2025: €34,545
- Tangible fixed assets -€23,536
down €23,536 (-28.9%), from €81,474 to €57,939
- Cash -€22,958
no longer reported in 2025 (was €22,958)
mainly Current investments (-€34,545) and Deferred charges and accrued income (-€14,173)
- Deferred charges and accrued income +€14,173
up €14,173 (+171.2%), from €8,279 to €22,452
- Receivables within one year -€13,873
down €13,873 (-29.7%), from €46,762 to €32,889
of which Trade receivables: -€11,968
- Trade debts +€19,175
up €19,175 (+75.9%), from €25,259 to €44,434
- Tax, wage and social debts -€11,611
down €11,611 (-43.7%), from €26,578 to €14,967
of which Taxes: -€11,863
- Profit (loss) carried forward -€10,165
down €10,165 (-33.8%), from €30,106 to €19,942
- Debts after one year -€4,344
down €4,344 (-9.7%), from €44,638 to €40,294
- Current portion of long-term debt -€3,577
down €3,577 (-19.9%), from €17,940 to €14,364
- Gross operating margin -€43,314
down €43,314 (-43.5%), from €99,583 to €56,270
- Taxes -€10,572
down €10,572 (-97.9%), from €10,803 to €231
- Financial charges -€2,044
down €2,044 (-49.9%), from €4,098 to €2,054
- Depreciation -€1,673
down €1,673 (-6.6%), from €25,208 to €23,536
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 | €220,357 | €209,394 | -€10,963 | -5.0% |
| Fixed assets | 21/28 | €81,474 | €57,939 | -€23,536 | -28.9% |
| Tangible fixed assets | 22/27 | €81,474 | €57,939 | -€23,536 | -28.9% |
| Plant, machinery and equipment | 23 | €29,945 | €18,428 | -€11,517 | -38.5% |
| Furniture and vehicles | 24 | €6,421 | €2,607 | -€3,813 | -59.4% |
| Other tangible fixed assets | 26 | €45,109 | €36,904 | -€8,205 | -18.2% |
| Current assets | 29/58 | €138,882 | €151,455 | +€12,573 | +9.1% |
| Stocks and contracts in progress | 3 | €60,883 | €61,570 | +€687 | +1.1% |
| Stocks | 30/36 | €60,883 | €61,570 | +€687 | +1.1% |
| Amounts receivable within one year | 40/41 | €46,762 | €32,889 | -€13,873 | -29.7% |
| Trade receivables | 40 | €24,791 | €12,823 | -€11,968 | -48.3% |
| Other amounts receivable | 41 | €21,972 | €20,066 | -€1,905 | -8.7% |
| Current investments | 50/53 | - | €34,545 | +€34,545 | |
| Cash at bank and in hand | 54/58 | €22,958 | - | -€22,958 | |
| Deferred charges and accrued income | 490/1 | €8,279 | €22,452 | +€14,173 | +171.2% |
| Total equity and liabilities | 10/49 | €220,357 | €209,394 | -€10,963 | -5.0% |
| Equity | 10/15 | €105,056 | €94,892 | -€10,165 | -9.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €24,950 | €24,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €19,950 | €19,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,106 | €19,942 | -€10,165 | -33.8% |
| Amounts payable | 17/49 | €115,300 | €114,502 | -€798 | -0.7% |
| Amounts payable after more than one year | 17 | €44,638 | €40,294 | -€4,344 | -9.7% |
| Financial debts | 170/4 | €44,638 | €40,294 | -€4,344 | -9.7% |
| Amounts payable within one year | 42/48 | €70,662 | €74,208 | +€3,546 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €17,940 | €14,364 | -€3,577 | -19.9% |
| Trade debts | 44 | €25,259 | €44,434 | +€19,175 | +75.9% |
| Suppliers | 440/4 | €25,259 | €44,434 | +€19,175 | +75.9% |
| Taxes, remuneration and social security | 45 | €26,578 | €14,967 | -€11,611 | -43.7% |
| Taxes | 450/3 | €21,679 | €9,817 | -€11,863 | -54.7% |
| Remuneration and social security | 454/9 | €4,898 | €5,150 | +€252 | +5.1% |
| Other amounts payable | 47/48 | €885 | €443 | -€442 | -49.9% |
| Remuneration, social security and pensions | 62 | €38,710 | €39,475 | +€764 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,208 | €23,536 | -€1,673 | -6.6% |
| Other operating charges | 640/8 | €884 | €1,154 | +€270 | +30.5% |
| Gross operating margin | 9900 | €99,583 | €56,270 | -€43,314 | -43.5% |
| Operating profit (loss) | 9901 | €34,781 | -€7,894 | -€42,675 | |
| Financial income | 75/76B | €78 | €14 | -€65 | -82.3% |
| Recurring financial income | 75 | €78 | €14 | -€65 | -82.3% |
| Financial charges | 65/66B | €4,098 | €2,054 | -€2,044 | -49.9% |
| Recurring financial charges | 65 | €4,098 | €2,054 | -€2,044 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €30,762 | -€9,934 | -€40,696 | |
| Income taxes | 67/77 | €10,803 | €231 | -€10,572 | -97.9% |
| Profit (loss) for the period | 9904 | €19,959 | -€10,165 | -€30,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,959 | -€10,165 | -€30,124 |
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 12 October 2026 via checked.be.