CHRONORACE - ELECTRONIC TIMING: 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.
CHRONORACE - ELECTRONIC TIMING
Largest movements
- Receivables within one year -€340,278
down €340,278 (-30.2%), from €1.1m to €786,951
of which Trade receivables: -€351,460
- Cash +€114,305
up €114,305 (+14.1%), from €812,731 to €927,036
mainly Net result for the year (+€664,234) and Receivables within one year (+€340,278)
- Tangible fixed assets +€34,297
up €34,297 (+9.0%), from €382,864 to €417,160
of which Plant, machinery and equipment: +€44,832
- Reserves -€91,447
down €91,447 (-33.2%), from €275,293 to €183,845
of which Distributable reserves: -€91,447
- Trade debts -€69,098
down €69,098 (-38.2%), from €180,804 to €111,706
- Other debts -€54,289
down €54,289 (-4.1%), from €1.3m to €1.3m
- Gross operating margin -€82,470
down €82,470 (-5.3%), from €1.6m to €1.5m
- Depreciation +€82,216
up €82,216 (+58.1%), from €141,584 to €223,800
- Staff costs -€55,528
down €55,528 (-15.7%), from €353,043 to €297,515
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 | €2,339,635 | €2,138,836 | -€200,799 | -8.6% |
| Fixed assets | 21/28 | €383,135 | €424,101 | +€40,966 | +10.7% |
| Intangible fixed assets | 21 | - | €6,940 | +€6,940 | |
| Tangible fixed assets | 22/27 | €382,864 | €417,160 | +€34,297 | +9.0% |
| Plant, machinery and equipment | 23 | €315,493 | €360,325 | +€44,832 | +14.2% |
| Furniture and vehicles | 24 | €67,371 | €56,836 | -€10,535 | -15.6% |
| Financial fixed assets | 28 | €271 | - | -€271 | |
| Current assets | 29/58 | €1,956,500 | €1,714,736 | -€241,765 | -12.4% |
| Amounts receivable within one year | 40/41 | €1,127,229 | €786,951 | -€340,278 | -30.2% |
| Trade receivables | 40 | €1,123,720 | €772,260 | -€351,460 | -31.3% |
| Other amounts receivable | 41 | €3,509 | €14,691 | +€11,183 | +319% |
| Cash at bank and in hand | 54/58 | €812,731 | €927,036 | +€114,305 | +14.1% |
| Deferred charges and accrued income | 490/1 | €16,540 | €749 | -€15,792 | -95.5% |
| Total equity and liabilities | 10/49 | €2,339,635 | €2,138,836 | -€200,799 | -8.6% |
| Equity | 10/15 | €661,615 | €570,168 | -€91,447 | -13.8% |
| Contributions | 10/11 | €386,323 | €386,323 | = | 0.0% |
| Capital | 10 | €386,323 | €386,323 | = | 0.0% |
| Issued capital | 100 | €386,323 | €386,323 | = | 0.0% |
| Reserves | 13 | €275,293 | €183,845 | -€91,447 | -33.2% |
| Non-distributable reserves | 130/1 | €38,632 | €38,632 | = | 0.0% |
| Legal reserve | 130 | €38,632 | €38,632 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,319 | €17,319 | = | 0.0% |
| Distributable reserves | 133 | €219,341 | €127,894 | -€91,447 | -41.7% |
| Amounts payable | 17/49 | €1,678,020 | €1,568,668 | -€109,351 | -6.5% |
| Amounts payable within one year | 42/48 | €1,676,029 | €1,568,668 | -€107,361 | -6.4% |
| Trade debts | 44 | €180,804 | €111,706 | -€69,098 | -38.2% |
| Suppliers | 440/4 | €180,804 | €111,706 | -€69,098 | -38.2% |
| Taxes, remuneration and social security | 45 | €167,684 | €183,709 | +€16,025 | +9.6% |
| Taxes | 450/3 | €113,538 | €143,465 | +€29,927 | +26.4% |
| Remuneration and social security | 454/9 | €54,145 | €40,244 | -€13,902 | -25.7% |
| Other amounts payable | 47/48 | €1,327,542 | €1,273,253 | -€54,289 | -4.1% |
| Accrued charges and deferred income | 492/3 | €1,990 | - | -€1,990 | |
| Remuneration, social security and pensions | 62 | €353,043 | €297,515 | -€55,528 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,584 | €223,800 | +€82,216 | +58.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,679 | €5,590 | -€89 | -1.6% |
| Other operating charges | 640/8 | €2,557 | €2,902 | +€345 | +13.5% |
| Non-recurring operating charges | 66A | €1,866 | €11,621 | +€9,755 | +523% |
| Gross operating margin | 9900 | €1,556,338 | €1,473,868 | -€82,470 | -5.3% |
| Operating profit (loss) | 9901 | €1,051,609 | €932,440 | -€119,169 | -11.3% |
| Financial income | 75/76B | €11,128 | €4,731 | -€6,397 | -57.5% |
| Recurring financial income | 75 | €11,128 | €4,731 | -€6,397 | -57.5% |
| Financial charges | 65/66B | €5,805 | €14,127 | +€8,322 | +143% |
| Recurring financial charges | 65 | €5,805 | €14,127 | +€8,322 | +143% |
| Profit (loss) for the period before taxes | 9903 | €1,056,932 | €923,044 | -€133,888 | -12.7% |
| Income taxes | 67/77 | €265,033 | €258,810 | -€6,223 | -2.3% |
| Profit (loss) for the period | 9904 | €791,899 | €664,234 | -€127,665 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €791,899 | €664,234 | -€127,665 | -16.1% |
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 19 October 2026 via checked.be.