C.H.: 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.
C.H.
Largest movements
- Cash +€77,851
up €77,851 (+157.6%), from €49,401 to €127,252
mainly Current investments (+€50,000) and Depreciation (+€33,100)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€33,100
down €33,100 (-22.6%), from €146,781 to €113,681
of which Furniture and vehicles: -€22,427
- Receivables within one year -€11,564
down €11,564 (-51.7%), from €22,364 to €10,800
of which Other amounts receivable: -€13,984
- Trade debts -€18,226
down €18,226 (-86.0%), from €21,192 to €2,967
- Reserves +€4,087
up €4,087 (+2.2%), from €183,429 to €187,516
of which Distributable reserves: +€4,087
- Gross operating margin -€11,814
down €11,814 (-22.5%), from €52,431 to €40,617
- Depreciation +€6,600
up €6,600 (+24.9%), from €26,499 to €33,100
- Taxes -€5,267
down €5,267 (-67.2%), from €7,834 to €2,567
- Financial income -€2,804
down €2,804 (-63.1%), from €4,444 to €1,640
- Financial charges +€543
up €543 (+369.0%), from €147 to €690
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 | €277,070 | €258,834 | -€18,236 | -6.6% |
| Fixed assets | 21/28 | €146,781 | €113,681 | -€33,100 | -22.6% |
| Tangible fixed assets | 22/27 | €146,781 | €113,681 | -€33,100 | -22.6% |
| Land and buildings | 22 | €50,470 | €40,376 | -€10,094 | -20.0% |
| Plant, machinery and equipment | 23 | €2,814 | €2,235 | -€579 | -20.6% |
| Furniture and vehicles | 24 | €93,497 | €71,070 | -€22,427 | -24.0% |
| Current assets | 29/58 | €130,290 | €145,153 | +€14,864 | +11.4% |
| Stocks and contracts in progress | 3 | €5,780 | €6,065 | +€285 | +4.9% |
| Stocks | 30/36 | €5,780 | €6,065 | +€285 | +4.9% |
| Amounts receivable within one year | 40/41 | €22,364 | €10,800 | -€11,564 | -51.7% |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | €22,364 | €8,380 | -€13,984 | -62.5% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €49,401 | €127,252 | +€77,851 | +157.6% |
| Deferred charges and accrued income | 490/1 | €2,745 | €1,037 | -€1,708 | -62.2% |
| Total equity and liabilities | 10/49 | €277,070 | €258,834 | -€18,236 | -6.6% |
| Equity | 10/15 | €195,829 | €199,916 | +€4,087 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €183,429 | €187,516 | +€4,087 | +2.2% |
| Tax-exempt reserves | 132 | €55,866 | €55,866 | = | 0.0% |
| Distributable reserves | 133 | €127,564 | €131,650 | +€4,087 | +3.2% |
| Amounts payable | 17/49 | €81,241 | €58,918 | -€22,323 | -27.5% |
| Amounts payable within one year | 42/48 | €81,241 | €58,918 | -€22,323 | -27.5% |
| Trade debts | 44 | €21,192 | €2,967 | -€18,226 | -86.0% |
| Suppliers | 440/4 | €21,192 | €2,967 | -€18,226 | -86.0% |
| Taxes, remuneration and social security | 45 | €6,915 | €4,737 | -€2,178 | -31.5% |
| Taxes | 450/3 | €6,915 | €4,737 | -€2,178 | -31.5% |
| Other amounts payable | 47/48 | €53,133 | €51,215 | -€1,919 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,499 | €33,100 | +€6,600 | +24.9% |
| Other operating charges | 640/8 | €1,934 | €1,813 | -€120 | -6.2% |
| Gross operating margin | 9900 | €52,431 | €40,617 | -€11,814 | -22.5% |
| Operating profit (loss) | 9901 | €23,998 | €5,704 | -€18,294 | -76.2% |
| Financial income | 75/76B | €4,444 | €1,640 | -€2,804 | -63.1% |
| Recurring financial income | 75 | €4,444 | €1,640 | -€2,804 | -63.1% |
| Financial charges | 65/66B | €147 | €690 | +€543 | +369.0% |
| Recurring financial charges | 65 | €147 | €690 | +€543 | +369.0% |
| Profit (loss) for the period before taxes | 9903 | €28,295 | €6,654 | -€21,641 | -76.5% |
| Income taxes | 67/77 | €7,834 | €2,567 | -€5,267 | -67.2% |
| Profit (loss) for the period | 9904 | €20,461 | €4,087 | -€16,374 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,461 | €4,087 | -€16,374 | -80.0% |
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 6 October 2026 via checked.be.