Q 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.
Q CHAPE
Largest movements
- Stocks and contracts -€45,000
no longer reported in 2025 (was €45,000)
- Cash -€37,075
down €37,075 (-45.7%), from €81,150 to €44,075
mainly Trade debts (-€552,551) and Accrued charges and deferred income (-€3,462)
- Financial fixed assets -€33,444
no longer reported in 2025 (was €33,444)
- Tangible fixed assets -€21,485
no longer reported in 2025 (was €21,485)
of which Furniture and vehicles: -€21,129
- Deferred charges and accrued income -€10,354
no longer reported in 2025 (was €10,354)
- Trade debts -€552,551
down €552,551 (-73.1%), from €755,508 to €202,957
- Provisions +€200,500
new in 2025: €200,500
- Profit (loss) carried forward +€160,718
up €160,718, from -€64,897 to €95,821
- Tax, wage and social debts +€38,187
up €38,187 (+1,082%), from €3,529 to €41,716
- Gross operating margin +€508,356
up €508,356 (+532%), from €95,540 to €603,896
- Provisions +€200,500
new in 2025: €200,500
- Staff costs -€59,201
down €59,201 (-91.3%), from €64,850 to €5,649
- Taxes +€25,502
up €25,502 (+204%), from €12,498 to €38,000
- Write-downs +€24,542
up €24,542 (+108%), from €22,633 to €47,175
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 | €755,374 | €598,453 | -€156,921 | -20.8% |
| Fixed assets | 21/28 | €54,930 | - | -€54,930 | |
| Tangible fixed assets | 22/27 | €21,485 | - | -€21,485 | |
| Plant, machinery and equipment | 23 | €58 | - | -€58 | |
| Furniture and vehicles | 24 | €21,129 | - | -€21,129 | |
| Leasing and similar rights | 25 | €298 | - | -€298 | |
| Financial fixed assets | 28 | €33,444 | - | -€33,444 | |
| Current assets | 29/58 | €700,445 | €598,453 | -€101,991 | -14.6% |
| Stocks and contracts in progress | 3 | €45,000 | - | -€45,000 | |
| Stocks | 30/36 | €45,000 | - | -€45,000 | |
| Amounts receivable within one year | 40/41 | €563,940 | €554,378 | -€9,562 | -1.7% |
| Trade receivables | 40 | €450,027 | €145,867 | -€304,160 | -67.6% |
| Other amounts receivable | 41 | €113,913 | €408,511 | +€294,597 | +259% |
| Cash at bank and in hand | 54/58 | €81,150 | €44,075 | -€37,075 | -45.7% |
| Deferred charges and accrued income | 490/1 | €10,354 | - | -€10,354 | |
| Total equity and liabilities | 10/49 | €755,374 | €598,453 | -€156,921 | -20.8% |
| Equity | 10/15 | -€7,438 | €153,280 | +€160,718 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,859 | €38,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,999 | €36,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,897 | €95,821 | +€160,718 | |
| Provisions and deferred taxes | 16 | - | €200,500 | +€200,500 | |
| Provisions for liabilities and charges | 160/5 | - | €200,500 | +€200,500 | |
| Other liabilities and charges | 164/5 | - | €200,500 | +€200,500 | |
| Amounts payable | 17/49 | €762,812 | €244,673 | -€518,139 | -67.9% |
| Amounts payable within one year | 42/48 | €759,350 | €244,673 | -€514,677 | -67.8% |
| Trade debts | 44 | €755,508 | €202,957 | -€552,551 | -73.1% |
| Suppliers | 440/4 | €755,508 | €202,957 | -€552,551 | -73.1% |
| Taxes, remuneration and social security | 45 | €3,529 | €41,716 | +€38,187 | +1,082% |
| Taxes | 450/3 | €3,529 | €41,716 | +€38,187 | +1,082% |
| Other amounts payable | 47/48 | €313 | - | -€313 | |
| Accrued charges and deferred income | 492/3 | €3,462 | - | -€3,462 | |
| Remuneration, social security and pensions | 62 | €64,850 | €5,649 | -€59,201 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,769 | €11,913 | -€3,856 | -24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,633 | €47,175 | +€24,542 | +108% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €200,500 | +€200,500 | |
| Other operating charges | 640/8 | €41,504 | €34,862 | -€6,642 | -16.0% |
| Non-recurring operating charges | 66A | - | €109,374 | +€109,374 | |
| Gross operating margin | 9900 | €95,540 | €603,896 | +€508,356 | +532% |
| Operating profit (loss) | 9901 | -€49,215 | €194,425 | +€243,640 | |
| Financial income | 75/76B | €216 | €6,144 | +€5,929 | +2,745% |
| Recurring financial income | 75 | €216 | €6,144 | +€5,929 | +2,745% |
| Financial charges | 65/66B | €10,379 | €1,851 | -€8,527 | -82.2% |
| Recurring financial charges | 65 | €10,379 | €1,851 | -€8,527 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,378 | €198,718 | +€258,096 | |
| Income taxes | 67/77 | €12,498 | €38,000 | +€25,502 | +204% |
| Profit (loss) for the period | 9904 | -€71,876 | €160,718 | +€232,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,876 | €160,718 | +€232,594 |
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 27 October 2026 via checked.be.