Chupal: 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.
Chupal
Largest movements
- Financial fixed assets +€88,319
up €88,319 (+3463.5%), from €2,550 to €90,869
- Receivables after one year +€40,500
new in 2025: €40,500
- Cash +€15,235
up €15,235 (+160.9%), from €9,469 to €24,703
mainly Other debts (+€88,319) and Debts after one year (+€40,000)
- Intangible fixed assets -€11,735
down €11,735 (-16.5%), from €71,214 to €59,479
- Receivables within one year +€6,766
up €6,766 (+13.3%), from €50,786 to €57,552
of which Trade receivables: +€45,861
- Other debts +€88,319
up €88,319 (+724.4%), from €12,191 to €100,511
- Debts after one year +€40,000
new in 2025: €40,000
- Current portion of long-term debt -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Reserves +€39,598
up €39,598 (+69.4%), from €57,033 to €96,630
- Trade debts +€17,740
up €17,740 (+1362.0%), from €1,302 to €19,042
- Gross operating margin +€36,598
up €36,598 (+132.4%), from €27,639 to €64,237
- Taxes +€7,719
up €7,719 (+217.9%), from €3,543 to €11,261
- Financial charges +€2,814
up €2,814 (+1268.7%), from €222 to €3,036
- Financial income +€1,883
up €1,883, from €0 to €1,883
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 | €134,433 | €275,027 | +€140,594 | +104.6% |
| Fixed assets | 21/28 | €74,178 | €150,417 | +€76,238 | +102.8% |
| Intangible fixed assets | 21 | €71,214 | €59,479 | -€11,735 | -16.5% |
| Tangible fixed assets | 22/27 | €415 | €69 | -€346 | -83.4% |
| Plant, machinery and equipment | 23 | €415 | €69 | -€346 | -83.4% |
| Financial fixed assets | 28 | €2,550 | €90,869 | +€88,319 | +3463.5% |
| Current assets | 29/58 | €60,255 | €124,610 | +€64,356 | +106.8% |
| Amounts receivable after more than one year | 29 | - | €40,500 | +€40,500 | |
| Other amounts receivable | 291 | - | €40,500 | +€40,500 | |
| Amounts receivable within one year | 40/41 | €50,786 | €57,552 | +€6,766 | +13.3% |
| Trade receivables | 40 | €4,983 | €50,844 | +€45,861 | +920.3% |
| Other amounts receivable | 41 | €45,803 | €6,707 | -€39,095 | -85.4% |
| Cash at bank and in hand | 54/58 | €9,469 | €24,703 | +€15,235 | +160.9% |
| Deferred charges and accrued income | 490/1 | - | €1,855 | +€1,855 | |
| Total equity and liabilities | 10/49 | €134,433 | €275,027 | +€140,594 | +104.6% |
| Equity | 10/15 | €59,533 | €99,130 | +€39,598 | +66.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,033 | €96,630 | +€39,598 | +69.4% |
| Distributable reserves | 133 | €57,033 | €96,630 | +€39,598 | +69.4% |
| Amounts payable | 17/49 | €74,900 | €175,897 | +€100,996 | +134.8% |
| Amounts payable after more than one year | 17 | - | €40,000 | +€40,000 | |
| Financial debts | 170/4 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €74,417 | €135,252 | +€60,835 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €0 | -€40,000 | -100.0% |
| Trade debts | 44 | €1,302 | €19,042 | +€17,740 | +1362.0% |
| Suppliers | 440/4 | €1,302 | €19,042 | +€17,740 | +1362.0% |
| Taxes, remuneration and social security | 45 | €20,923 | €15,700 | -€5,224 | -25.0% |
| Taxes | 450/3 | €17,094 | €10,804 | -€6,290 | -36.8% |
| Remuneration and social security | 454/9 | €3,829 | €4,896 | +€1,067 | +27.9% |
| Other amounts payable | 47/48 | €12,191 | €100,511 | +€88,319 | +724.4% |
| Accrued charges and deferred income | 492/3 | €483 | €644 | +€161 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,113 | €12,081 | -€32 | -0.3% |
| Other operating charges | 640/8 | €142 | €144 | +€2 | +1.2% |
| Gross operating margin | 9900 | €27,639 | €64,237 | +€36,598 | +132.4% |
| Operating profit (loss) | 9901 | €15,383 | €52,012 | +€36,629 | +238.1% |
| Financial income | 75/76B | €0 | €1,883 | +€1,883 | |
| Recurring financial income | 75 | €0 | €1,883 | +€1,883 | |
| Financial charges | 65/66B | €222 | €3,036 | +€2,814 | +1268.7% |
| Recurring financial charges | 65 | €222 | €3,036 | +€2,814 | +1268.7% |
| Profit (loss) for the period before taxes | 9903 | €15,161 | €50,859 | +€35,697 | +235.4% |
| Income taxes | 67/77 | €3,543 | €11,261 | +€7,719 | +217.9% |
| Profit (loss) for the period | 9904 | €11,619 | €39,598 | +€27,979 | +240.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,619 | €39,598 | +€27,979 | +240.8% |
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 10 October 2026 via checked.be.