LA CHAVEE: what changed
Two fiscal 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.
LA CHAVEE
Largest movements
- Stocks and contracts -€13,724
down €13,724 (-12.5%), from €109,824 to €96,100
- Cash +€6,970
up €6,970 (+126.8%), from €5,499 to €12,469
mainly Stocks and contracts (+€13,724) and Receivables within one year (+€5,346)
- Receivables within one year -€5,346
down €5,346 (-50.6%), from €10,563 to €5,217
- Deferred charges and accrued income -€1,747
no longer reported in 2025 (was €1,747)
- Intangible fixed assets -€1,627
down €1,627 (-50.0%), from €3,255 to €1,628
- Profit (loss) carried forward -€12,837
down €12,837, from €2,893 to -€9,944
- Trade debts -€6,806
down €6,806 (-44.3%), from €15,367 to €8,561
- Short-term financial debts +€4,889
up €4,889 (+4.8%), from €100,908 to €105,797
of which Credit institutions: +€105,797
- Gross operating margin -€6,608
down €6,608 (-208.7%), from -€3,166 to -€9,774
- Other operating charges -€1,312
down €1,312 (-57.2%), from €2,294 to €982
- Taxes -€1,270
down €1,270 (-75.0%), from €1,694 to €424
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 | €134,759 | €119,285 | -€15,474 | -11.5% |
| Fixed assets | 21/28 | €6,466 | €4,839 | -€1,627 | -25.2% |
| Intangible fixed assets | 21 | €3,255 | €1,628 | -€1,627 | -50.0% |
| Tangible fixed assets | 22/27 | €3,211 | €3,211 | = | 0.0% |
| Land and buildings | 22 | €3,211 | €3,211 | = | 0.0% |
| Current assets | 29/58 | €128,293 | €114,446 | -€13,847 | -10.8% |
| Amounts receivable after more than one year | 29 | €660 | €660 | = | 0.0% |
| Trade receivables | 290 | €660 | €660 | = | 0.0% |
| Stocks and contracts in progress | 3 | €109,824 | €96,100 | -€13,724 | -12.5% |
| Stocks | 30/36 | €109,824 | €96,100 | -€13,724 | -12.5% |
| Amounts receivable within one year | 40/41 | €10,563 | €5,217 | -€5,346 | -50.6% |
| Trade receivables | 40 | €10,563 | €5,217 | -€5,346 | -50.6% |
| Cash at bank and in hand | 54/58 | €5,499 | €12,469 | +€6,970 | +126.8% |
| Deferred charges and accrued income | 490/1 | €1,747 | - | -€1,747 | |
| Total equity and liabilities | 10/49 | €134,759 | €119,285 | -€15,474 | -11.5% |
| Equity | 10/15 | €11,357 | -€1,480 | -€12,837 | |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Capital | 10 | €6,605 | €6,605 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,893 | -€9,944 | -€12,837 | |
| Amounts payable | 17/49 | €123,402 | €120,765 | -€2,637 | -2.1% |
| Amounts payable within one year | 42/48 | €123,402 | €120,765 | -€2,637 | -2.1% |
| Financial debts | 43 | €100,908 | €105,797 | +€4,889 | +4.8% |
| Credit institutions | 430/8 | - | €105,797 | +€105,797 | |
| Other loans | 439 | €100,908 | - | -€100,908 | |
| Trade debts | 44 | €15,367 | €8,561 | -€6,806 | -44.3% |
| Suppliers | 440/4 | €15,367 | €8,561 | -€6,806 | -44.3% |
| Taxes, remuneration and social security | 45 | €7,127 | €6,407 | -€720 | -10.1% |
| Taxes | 450/3 | €7,127 | €6,407 | -€720 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,627 | €1,627 | = | 0.0% |
| Other operating charges | 640/8 | €2,294 | €982 | -€1,312 | -57.2% |
| Gross operating margin | 9900 | -€3,166 | -€9,774 | -€6,608 | -208.7% |
| Operating profit (loss) | 9901 | -€7,087 | -€12,383 | -€5,296 | -74.7% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,117 | -€12,413 | -€5,296 | -74.4% |
| Income taxes | 67/77 | €1,694 | €424 | -€1,270 | -75.0% |
| Profit (loss) for the period | 9904 | -€8,811 | -€12,837 | -€4,026 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,811 | -€12,837 | -€4,026 | -45.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.