SB 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.
SB CHAPE
Largest movements
- Receivables within one year -€134,481
down €134,481 (-37.7%), from €356,745 to €222,264
of which Trade receivables: -€138,369
- Cash +€31,855
up €31,855 (+63.1%), from €50,512 to €82,366
mainly Receivables within one year (+€134,481) and Net result for the year (+€60,582)
- Tangible fixed assets -€27,421
down €27,421 (-35.6%), from €76,950 to €49,530
of which Plant, machinery and equipment: -€19,873
- Deferred charges and accrued income -€12,964
down €12,964 (-64.4%), from €20,124 to €7,160
- Intangible fixed assets -€6,333
no longer reported in 2025 (was €6,333)
- Trade debts -€69,062
down €69,062 (-41.6%), from €166,177 to €97,116
- Current portion of long-term debt -€37,020
down €37,020 (-71.3%), from €51,942 to €14,922
- Reserves -€19,418
down €19,418 (-86.6%), from €22,421 to €3,003
of which Distributable reserves: -€19,418
- Debts after one year -€14,922
down €14,922 (-45.9%), from €32,492 to €17,570
- Tax, wage and social debts -€11,601
down €11,601 (-24.6%), from €47,127 to €35,527
of which Taxes: -€10,880
- Gross operating margin -€49,239
down €49,239 (-9.3%), from €531,683 to €482,444
- Staff costs +€27,595
up €27,595 (+8.5%), from €324,795 to €352,390
- Taxes -€18,396
down €18,396 (-56.5%), from €32,556 to €14,161
- Depreciation -€8,784
down €8,784 (-19.2%), from €45,721 to €36,937
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 | €514,934 | €366,167 | -€148,767 | -28.9% |
| Fixed assets | 21/28 | €84,709 | €50,955 | -€33,754 | -39.8% |
| Intangible fixed assets | 21 | €6,333 | - | -€6,333 | |
| Tangible fixed assets | 22/27 | €76,950 | €49,530 | -€27,421 | -35.6% |
| Plant, machinery and equipment | 23 | €54,795 | €34,922 | -€19,873 | -36.3% |
| Furniture and vehicles | 24 | €7,632 | €2,505 | -€5,127 | -67.2% |
| Other tangible fixed assets | 26 | €14,523 | €12,102 | -€2,421 | -16.7% |
| Financial fixed assets | 28 | €1,425 | €1,425 | = | 0.0% |
| Current assets | 29/58 | €430,226 | €315,213 | -€115,013 | -26.7% |
| Stocks and contracts in progress | 3 | €2,845 | €3,422 | +€577 | +20.3% |
| Stocks | 30/36 | €2,845 | €3,422 | +€577 | +20.3% |
| Amounts receivable within one year | 40/41 | €356,745 | €222,264 | -€134,481 | -37.7% |
| Trade receivables | 40 | €319,254 | €180,884 | -€138,369 | -43.3% |
| Other amounts receivable | 41 | €37,491 | €41,380 | +€3,888 | +10.4% |
| Cash at bank and in hand | 54/58 | €50,512 | €82,366 | +€31,855 | +63.1% |
| Deferred charges and accrued income | 490/1 | €20,124 | €7,160 | -€12,964 | -64.4% |
| Total equity and liabilities | 10/49 | €514,934 | €366,167 | -€148,767 | -28.9% |
| Equity | 10/15 | €41,021 | €21,603 | -€19,418 | -47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,421 | €3,003 | -€19,418 | -86.6% |
| 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 | €20,561 | €1,143 | -€19,418 | -94.4% |
| Amounts payable | 17/49 | €473,913 | €344,564 | -€129,349 | -27.3% |
| Amounts payable after more than one year | 17 | €32,492 | €17,570 | -€14,922 | -45.9% |
| Financial debts | 170/4 | €32,492 | €17,570 | -€14,922 | -45.9% |
| Amounts payable within one year | 42/48 | €441,421 | €326,994 | -€114,427 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €51,942 | €14,922 | -€37,020 | -71.3% |
| Trade debts | 44 | €166,177 | €97,116 | -€69,062 | -41.6% |
| Suppliers | 440/4 | €166,177 | €97,116 | -€69,062 | -41.6% |
| Taxes, remuneration and social security | 45 | €47,127 | €35,527 | -€11,601 | -24.6% |
| Taxes | 450/3 | €11,660 | €780 | -€10,880 | -93.3% |
| Remuneration and social security | 454/9 | €35,467 | €34,747 | -€720 | -2.0% |
| Other amounts payable | 47/48 | €176,175 | €179,430 | +€3,255 | +1.8% |
| Non-recurring operating income | 76A | €50,000 | €9,564 | -€40,436 | -80.9% |
| Remuneration, social security and pensions | 62 | €324,795 | €352,390 | +€27,595 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,721 | €36,937 | -€8,784 | -19.2% |
| Other operating charges | 640/8 | €4,604 | €4,007 | -€597 | -13.0% |
| Non-recurring operating charges | 66A | - | €10,228 | +€10,228 | |
| Gross operating margin | 9900 | €531,683 | €482,444 | -€49,239 | -9.3% |
| Operating profit (loss) | 9901 | €156,563 | €78,882 | -€77,681 | -49.6% |
| Financial income | 75/76B | €121 | €456 | +€335 | +277% |
| Recurring financial income | 75 | €121 | €456 | +€335 | +277% |
| Financial charges | 65/66B | €4,440 | €4,595 | +€154 | +3.5% |
| Recurring financial charges | 65 | €4,440 | €3,376 | -€1,065 | -24.0% |
| Non-recurring financial charges | 66B | - | €1,219 | +€1,219 | |
| Profit (loss) for the period before taxes | 9903 | €152,244 | €74,743 | -€77,501 | -50.9% |
| Income taxes | 67/77 | €32,556 | €14,161 | -€18,396 | -56.5% |
| Profit (loss) for the period | 9904 | €119,688 | €60,582 | -€59,105 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €119,688 | €60,582 | -€59,105 | -49.4% |
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 25 October 2026 via checked.be.