THE CHAP'S: what changed
THE CHAP'S
Largest movements
- Tangible fixed assets +€7,015
up €7,015 (+75.9%), from €9,247 to €16,262
of which Land and buildings: +€7,334
- Cash -€3,261
down €3,261 (-68.6%), from €4,753 to €1,493
mainly Investment in fixed assets (net) (-€9,794) and Deferred charges and accrued income (-€1,035)
- Intangible fixed assets -€2,000
down €2,000 (-11.1%), from €18,000 to €16,000
- Deferred charges and accrued income +€1,035
up €1,035 (+73.8%), from €1,403 to €2,437
- Other debts +€1,676
up €1,676 (+5.7%), from €29,270 to €30,946
- Profit (loss) carried forward +€916
up €916 (+188%), from €487 to €1,403
- Trade debts -€404
down €404 (-47.5%), from €850 to €446
- Gross operating margin +€1,528
up €1,528 (+22.9%), from €6,660 to €8,188
- Depreciation +€903
up €903 (+23.3%), from €3,877 to €4,779
- Taxes -€224
down €224 (-60.8%), from €369 to €144
- Other operating charges +€182
up €182 (+16.2%), from €1,128 to €1,311
- Financial charges +€170
up €170 (+21.2%), from €802 to €972
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,162 | €38,702 | +€2,541 | +7.0% |
| Fixed assets | 21/28 | €27,247 | €32,262 | +€5,015 | +18.4% |
| Intangible fixed assets | 21 | €18,000 | €16,000 | -€2,000 | -11.1% |
| Tangible fixed assets | 22/27 | €9,247 | €16,262 | +€7,015 | +75.9% |
| Land and buildings | 22 | €7,970 | €15,304 | +€7,334 | +92.0% |
| Plant, machinery and equipment | 23 | €1,277 | €958 | -€319 | -25.0% |
| Current assets | 29/58 | €8,915 | €6,441 | -€2,474 | -27.8% |
| Stocks and contracts in progress | 3 | €2,605 | €2,218 | -€387 | -14.9% |
| Stocks | 30/36 | €2,605 | €2,218 | -€387 | -14.9% |
| Amounts receivable within one year | 40/41 | €154 | €293 | +€139 | +90.2% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €154 | €293 | +€139 | +90.2% |
| Cash at bank and in hand | 54/58 | €4,753 | €1,493 | -€3,261 | -68.6% |
| Deferred charges and accrued income | 490/1 | €1,403 | €2,437 | +€1,035 | +73.8% |
| Total equity and liabilities | 10/49 | €36,162 | €38,702 | +€2,541 | +7.0% |
| Equity | 10/15 | €5,487 | €6,403 | +€916 | +16.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €487 | €1,403 | +€916 | +188% |
| Amounts payable | 17/49 | €30,675 | €32,299 | +€1,625 | +5.3% |
| Amounts payable within one year | 42/48 | €30,675 | €32,299 | +€1,625 | +5.3% |
| Trade debts | 44 | €850 | €446 | -€404 | -47.5% |
| Suppliers | 440/4 | €850 | €446 | -€404 | -47.5% |
| Taxes, remuneration and social security | 45 | €554 | €907 | +€353 | +63.6% |
| Taxes | 450/3 | €554 | €907 | +€353 | +63.6% |
| Other amounts payable | 47/48 | €29,270 | €30,946 | +€1,676 | +5.7% |
| Remuneration, social security and pensions | 62 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,877 | €4,779 | +€903 | +23.3% |
| Other operating charges | 640/8 | €1,128 | €1,311 | +€182 | +16.2% |
| Gross operating margin | 9900 | €6,660 | €8,188 | +€1,528 | +22.9% |
| Operating profit (loss) | 9901 | €1,655 | €2,032 | +€377 | +22.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -96.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -96.0% |
| Financial charges | 65/66B | €802 | €972 | +€170 | +21.2% |
| Recurring financial charges | 65 | €802 | €972 | +€170 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €856 | €1,061 | +€205 | +24.0% |
| Income taxes | 67/77 | €369 | €144 | -€224 | -60.8% |
| Profit (loss) for the period | 9904 | €487 | €916 | +€429 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €487 | €916 | +€429 | +88.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.