P&V CHAPE: 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.
P&V CHAPE
Largest movements
- Tangible fixed assets -€66,704
down €66,704 (-17.7%), from €375,809 to €309,105
of which Furniture and vehicles: -€63,868
- Cash -€26,435
down €26,435 (-98.7%), from €26,788 to €353
mainly Debts after one year (-€65,431) and Trade debts (-€22,056)
- Deferred charges and accrued income +€7,345
up €7,345 (+32.8%), from €22,420 to €29,765
- Debts after one year -€65,431
down €65,431 (-34.2%), from €191,460 to €126,029
- Trade debts -€22,056
down €22,056 (-98.7%), from €22,348 to €292
- Tax, wage and social debts -€7,748
down €7,748 (-65.5%), from €11,823 to €4,075
of which Taxes: -€7,748
- Profit (loss) carried forward +€7,634
up €7,634 (+3.4%), from €221,665 to €229,299
- Staff costs -€84,006
down €84,006 (-48.3%), from €173,925 to €89,919
- Gross operating margin -€68,426
down €68,426 (-27.2%), from €251,887 to €183,461
- Depreciation +€28,366
up €28,366 (+74.0%), from €38,338 to €66,704
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 | €519,035 | €432,449 | -€86,586 | -16.7% |
| Fixed assets | 21/28 | €377,742 | €311,038 | -€66,704 | -17.7% |
| Tangible fixed assets | 22/27 | €375,809 | €309,105 | -€66,704 | -17.7% |
| Plant, machinery and equipment | 23 | €3,039 | €203 | -€2,836 | -93.3% |
| Furniture and vehicles | 24 | €372,770 | €308,902 | -€63,868 | -17.1% |
| Financial fixed assets | 28 | €1,933 | €1,933 | = | 0.0% |
| Current assets | 29/58 | €141,292 | €121,410 | -€19,882 | -14.1% |
| Stocks and contracts in progress | 3 | - | €3,031 | +€3,031 | |
| Stocks | 30/36 | - | €3,031 | +€3,031 | |
| Amounts receivable within one year | 40/41 | €92,084 | €88,261 | -€3,823 | -4.2% |
| Trade receivables | 40 | €71,695 | €70,418 | -€1,277 | -1.8% |
| Other amounts receivable | 41 | €20,389 | €17,843 | -€2,546 | -12.5% |
| Cash at bank and in hand | 54/58 | €26,788 | €353 | -€26,435 | -98.7% |
| Deferred charges and accrued income | 490/1 | €22,420 | €29,765 | +€7,345 | +32.8% |
| Total equity and liabilities | 10/49 | €519,035 | €432,449 | -€86,586 | -16.7% |
| Equity | 10/15 | €226,665 | €234,299 | +€7,634 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,665 | €229,299 | +€7,634 | +3.4% |
| Amounts payable | 17/49 | €292,369 | €198,150 | -€94,220 | -32.2% |
| Amounts payable after more than one year | 17 | €191,460 | €126,029 | -€65,431 | -34.2% |
| Financial debts | 170/4 | €191,460 | €126,029 | -€65,431 | -34.2% |
| Amounts payable within one year | 42/48 | €100,909 | €72,121 | -€28,789 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €62,812 | €65,431 | +€2,619 | +4.2% |
| Trade debts | 44 | €22,348 | €292 | -€22,056 | -98.7% |
| Suppliers | 440/4 | €22,348 | €292 | -€22,056 | -98.7% |
| Taxes, remuneration and social security | 45 | €11,823 | €4,075 | -€7,748 | -65.5% |
| Taxes | 450/3 | €11,823 | €4,075 | -€7,748 | -65.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €3,927 | €2,323 | -€1,604 | -40.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €173,925 | €89,919 | -€84,006 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,338 | €66,704 | +€28,366 | +74.0% |
| Other operating charges | 640/8 | €4,839 | €6,334 | +€1,494 | +30.9% |
| Gross operating margin | 9900 | €251,887 | €183,461 | -€68,426 | -27.2% |
| Operating profit (loss) | 9901 | €34,786 | €20,505 | -€14,281 | -41.1% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €9,214 | €9,611 | +€398 | +4.3% |
| Recurring financial charges | 65 | €9,214 | €9,611 | +€398 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €25,578 | €10,894 | -€14,685 | -57.4% |
| Income taxes | 67/77 | €2,134 | €3,260 | +€1,126 | +52.8% |
| Profit (loss) for the period | 9904 | €23,445 | €7,634 | -€15,811 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,445 | €7,634 | -€15,811 | -67.4% |
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 21 October 2026 via checked.be.