CHIADEST: 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.
CHIADEST
Largest movements
- Receivables within one year -€262,841
down €262,841 (-90.4%), from €290,596 to €27,755
of which Trade receivables: -€270,000
- Cash -€27,471
down €27,471 (-30.1%), from €91,166 to €63,695
mainly Trade debts (-€276,927) and Other debts (-€14,286)
- Trade debts -€276,927
down €276,927 (-94.5%), from €292,926 to €15,999
- Other debts -€14,286
no longer reported in 2025 (was €14,286)
- Tax, wage and social debts -€7,065
down €7,065 (-51.6%), from €13,682 to €6,616
of which Taxes: -€9,005
- Profit (loss) carried forward +€4,754
up €4,754 (+3.8%), from €123,960 to €128,714
- Gross operating margin -€17,038
down €17,038 (-20.0%), from €85,101 to €68,063
- Staff costs +€8,583
up €8,583 (+17.9%), from €47,973 to €56,556
- Taxes -€5,848
down €5,848 (-74.4%), from €7,863 to €2,015
- Depreciation -€3,580
down €3,580 (-48.8%), from €7,342 to €3,762
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 | €452,913 | €159,389 | -€293,524 | -64.8% |
| Fixed assets | 21/28 | €29,110 | €25,348 | -€3,762 | -12.9% |
| Tangible fixed assets | 22/27 | €4,060 | €298 | -€3,762 | -92.7% |
| Plant, machinery and equipment | 23 | €596 | €298 | -€298 | -50.0% |
| Furniture and vehicles | 24 | €3,464 | - | -€3,464 | |
| Financial fixed assets | 28 | €25,050 | €25,050 | = | 0.0% |
| Current assets | 29/58 | €423,803 | €134,041 | -€289,762 | -68.4% |
| Stocks and contracts in progress | 3 | €42,041 | €42,591 | +€550 | +1.3% |
| Stocks | 30/36 | €42,041 | €42,591 | +€550 | +1.3% |
| Amounts receivable within one year | 40/41 | €290,596 | €27,755 | -€262,841 | -90.4% |
| Trade receivables | 40 | €270,000 | - | -€270,000 | |
| Other amounts receivable | 41 | €20,596 | €27,755 | +€7,159 | +34.8% |
| Cash at bank and in hand | 54/58 | €91,166 | €63,695 | -€27,471 | -30.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €452,913 | €159,389 | -€293,524 | -64.8% |
| Equity | 10/15 | €132,020 | €136,774 | +€4,754 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,960 | €128,714 | +€4,754 | +3.8% |
| Amounts payable | 17/49 | €320,893 | €22,615 | -€298,278 | -93.0% |
| Amounts payable within one year | 42/48 | €320,893 | €22,615 | -€298,278 | -93.0% |
| Trade debts | 44 | €292,926 | €15,999 | -€276,927 | -94.5% |
| Suppliers | 440/4 | €292,926 | €15,999 | -€276,927 | -94.5% |
| Taxes, remuneration and social security | 45 | €13,682 | €6,616 | -€7,065 | -51.6% |
| Taxes | 450/3 | €9,163 | €158 | -€9,005 | -98.3% |
| Remuneration and social security | 454/9 | €4,519 | €6,458 | +€1,939 | +42.9% |
| Other amounts payable | 47/48 | €14,286 | - | -€14,286 | |
| Remuneration, social security and pensions | 62 | €47,973 | €56,556 | +€8,583 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,342 | €3,762 | -€3,580 | -48.8% |
| Other operating charges | 640/8 | €1,135 | €986 | -€149 | -13.2% |
| Non-recurring operating charges | 66A | - | -€1 | -€1 | |
| Gross operating margin | 9900 | €85,101 | €68,063 | -€17,038 | -20.0% |
| Operating profit (loss) | 9901 | €28,651 | €6,759 | -€21,891 | -76.4% |
| Financial income | 75/76B | €788 | €724 | -€64 | -8.1% |
| Recurring financial income | 75 | €788 | €724 | -€64 | -8.1% |
| Financial charges | 65/66B | €979 | €714 | -€265 | -27.1% |
| Recurring financial charges | 65 | €979 | €714 | -€265 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €28,459 | €6,769 | -€21,690 | -76.2% |
| Income taxes | 67/77 | €7,863 | €2,015 | -€5,848 | -74.4% |
| Profit (loss) for the period | 9904 | €20,596 | €4,754 | -€15,842 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,596 | €4,754 | -€15,842 | -76.9% |
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 10 October 2026 via checked.be.