DR CHOUCHANE: 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.
DR CHOUCHANE
Largest movements
- Receivables within one year +€74,485
up €74,485 (+135.7%), from €54,901 to €129,387
of which Trade receivables: +€58,142
- Cash -€35,327
down €35,327 (-33.2%), from €106,310 to €70,983
mainly Contributions, distributions and other (-€80,000) and Receivables within one year (-€74,485)
- Deferred charges and accrued income -€2,957
down €2,957 (-33.8%), from €8,744 to €5,787
- Reserves +€35,212
up €35,212 (+50.0%), from €70,418 to €105,630
- Tax, wage and social debts -€12,661
down €12,661 (-92.3%), from €13,723 to €1,062
- Other debts +€9,000
up €9,000 (+12.7%), from €71,000 to €80,000
- Trade debts +€5,112
up €5,112 (+1507.8%), from €339 to €5,451
- Gross operating margin +€23,170
up €23,170 (+16.2%), from €143,017 to €166,187
- Other operating charges +€6,527
up €6,527 (+1261.3%), from €517 to €7,044
- Financial charges +€3,882
up €3,882 (+161.5%), from €2,404 to €6,286
- Taxes +€3,068
up €3,068 (+8.9%), from €34,646 to €37,714
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 | €175,940 | €212,603 | +€36,663 | +20.8% |
| Fixed assets | 21/28 | €5,984 | €6,446 | +€462 | +7.7% |
| Tangible fixed assets | 22/27 | €1,459 | €1,921 | +€462 | +31.7% |
| Furniture and vehicles | 24 | €1,459 | €1,921 | +€462 | +31.7% |
| Financial fixed assets | 28 | €4,525 | €4,525 | = | 0.0% |
| Current assets | 29/58 | €169,956 | €206,157 | +€36,201 | +21.3% |
| Amounts receivable within one year | 40/41 | €54,901 | €129,387 | +€74,485 | +135.7% |
| Trade receivables | 40 | €43,742 | €101,884 | +€58,142 | +132.9% |
| Other amounts receivable | 41 | €11,159 | €27,502 | +€16,343 | +146.5% |
| Cash at bank and in hand | 54/58 | €106,310 | €70,983 | -€35,327 | -33.2% |
| Deferred charges and accrued income | 490/1 | €8,744 | €5,787 | -€2,957 | -33.8% |
| Total equity and liabilities | 10/49 | €175,940 | €212,603 | +€36,663 | +20.8% |
| Equity | 10/15 | €90,878 | €126,090 | +€35,212 | +38.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €70,418 | €105,630 | +€35,212 | +50.0% |
| Distributable reserves | 133 | €70,418 | €105,630 | +€35,212 | +50.0% |
| Amounts payable | 17/49 | €85,062 | €86,513 | +€1,451 | +1.7% |
| Amounts payable within one year | 42/48 | €85,062 | €86,513 | +€1,451 | +1.7% |
| Trade debts | 44 | €339 | €5,451 | +€5,112 | +1507.8% |
| Suppliers | 440/4 | €339 | €5,451 | +€5,112 | +1507.8% |
| Taxes, remuneration and social security | 45 | €13,723 | €1,062 | -€12,661 | -92.3% |
| Taxes | 450/3 | €13,723 | €1,062 | -€12,661 | -92.3% |
| Other amounts payable | 47/48 | €71,000 | €80,000 | +€9,000 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €841 | €937 | +€96 | +11.4% |
| Other operating charges | 640/8 | €517 | €7,044 | +€6,527 | +1261.3% |
| Gross operating margin | 9900 | €143,017 | €166,187 | +€23,170 | +16.2% |
| Operating profit (loss) | 9901 | €141,658 | €158,206 | +€16,548 | +11.7% |
| Financial income | 75/76B | €491 | €1,006 | +€516 | +105.0% |
| Recurring financial income | 75 | €491 | €1,006 | +€516 | +105.0% |
| Financial charges | 65/66B | €2,404 | €6,286 | +€3,882 | +161.5% |
| Recurring financial charges | 65 | €2,404 | €6,286 | +€3,882 | +161.5% |
| Profit (loss) for the period before taxes | 9903 | €139,745 | €152,926 | +€13,181 | +9.4% |
| Income taxes | 67/77 | €34,646 | €37,714 | +€3,068 | +8.9% |
| Profit (loss) for the period | 9904 | €105,099 | €115,212 | +€10,113 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,099 | €115,212 | +€10,113 | +9.6% |
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.