What changed?
Two fiscal 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.
CHAINRING ENTERPRISES
Largest movements
- Receivables within one year -€11,151
down €11,151 (-37.7%), from €29,608 to €18,457
of which Other amounts receivable: -€7,433
- Tangible fixed assets -€7,925
down €7,925 (-21.9%), from €36,198 to €28,273
of which Land and buildings: -€9,994
- Cash -€3,582
down €3,582 (-33.1%), from €10,822 to €7,240
mainly Other debts (-€14,000) and Debts after one year (-€13,694)
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Debts after one year -€13,694
down €13,694 (-31.1%), from €44,001 to €30,307
- Profit (loss) carried forward +€3,675
up €3,675 (+64.5%), from -€5,697 to -€2,021
- Trade debts +€1,424
up €1,424 (+142.6%), from €998 to €2,422
- Gross operating margin -€19,384
down €19,384 (-50.3%), from €38,503 to €19,119
- Taxes -€1,403
down €1,403 (-58.4%), from €2,401 to €998
- Financial charges -€727
down €727 (-26.0%), from €2,791 to €2,065
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 | €76,628 | €54,001 | -€22,627 | -29.5% |
| Fixed assets | 21/28 | €36,198 | €28,273 | -€7,925 | -21.9% |
| Tangible fixed assets | 22/27 | €36,198 | €28,273 | -€7,925 | -21.9% |
| Land and buildings | 22 | €34,977 | €24,984 | -€9,994 | -28.6% |
| Plant, machinery and equipment | 23 | €1,221 | €3,289 | +€2,069 | +169.5% |
| Current assets | 29/58 | €40,430 | €25,728 | -€14,702 | -36.4% |
| Amounts receivable within one year | 40/41 | €29,608 | €18,457 | -€11,151 | -37.7% |
| Trade receivables | 40 | €9,488 | €5,770 | -€3,718 | -39.2% |
| Other amounts receivable | 41 | €20,120 | €12,688 | -€7,433 | -36.9% |
| Cash at bank and in hand | 54/58 | €10,822 | €7,240 | -€3,582 | -33.1% |
| Deferred charges and accrued income | 490/1 | - | €31 | +€31 | |
| Total equity and liabilities | 10/49 | €76,628 | €54,001 | -€22,627 | -29.5% |
| Equity | 10/15 | €503 | €4,179 | +€3,675 | +730.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,697 | -€2,021 | +€3,675 | +64.5% |
| Amounts payable | 17/49 | €76,125 | €49,822 | -€26,302 | -34.6% |
| Amounts payable after more than one year | 17 | €44,001 | €30,307 | -€13,694 | -31.1% |
| Financial debts | 170/4 | €44,001 | €30,307 | -€13,694 | -31.1% |
| Amounts payable within one year | 42/48 | €32,123 | €19,515 | -€12,608 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €13,169 | €13,694 | +€525 | +4.0% |
| Trade debts | 44 | €998 | €2,422 | +€1,424 | +142.6% |
| Suppliers | 440/4 | €998 | €2,422 | +€1,424 | +142.6% |
| Taxes, remuneration and social security | 45 | €3,956 | €3,399 | -€557 | -14.1% |
| Taxes | 450/3 | €3,956 | €3,399 | -€557 | -14.1% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,687 | €10,940 | +€253 | +2.4% |
| Other operating charges | 640/8 | €1,626 | €1,442 | -€184 | -11.3% |
| Gross operating margin | 9900 | €38,503 | €19,119 | -€19,384 | -50.3% |
| Operating profit (loss) | 9901 | €26,191 | €6,737 | -€19,453 | -74.3% |
| Financial charges | 65/66B | €2,791 | €2,065 | -€727 | -26.0% |
| Recurring financial charges | 65 | €2,791 | €2,065 | -€727 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €23,399 | €4,673 | -€18,726 | -80.0% |
| Income taxes | 67/77 | €2,401 | €998 | -€1,403 | -58.4% |
| Profit (loss) for the period | 9904 | €20,998 | €3,675 | -€17,323 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,998 | €3,675 | -€17,323 | -82.5% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.