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
- Tangible fixed assets -€4,437
down €4,437 (-28.7%), from €15,482 to €11,046
of which Plant, machinery and equipment: -€4,240
- Trade debts -€32,625
down €32,625 (-98.0%), from €33,306 to €681
- Profit (loss) carried forward +€22,363
up €22,363 (+69.5%), from -€32,186 to -€9,823
- Tax, wage and social debts +€10,663
up €10,663 (+30.6%), from €34,830 to €45,493
- Debts after one year -€4,439
down €4,439 (-43.0%), from €10,324 to €5,885
- Gross operating margin -€97,715
down €97,715 (-72.5%), from €134,741 to €37,026
- Taxes -€23,332
down €23,332 (-73.4%), from €31,783 to €8,451
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 | €141,926 | €137,584 | -€4,342 | -3.1% |
| Fixed assets | 21/28 | €140,482 | €136,046 | -€4,437 | -3.2% |
| Tangible fixed assets | 22/27 | €15,482 | €11,046 | -€4,437 | -28.7% |
| Plant, machinery and equipment | 23 | €14,892 | €10,652 | -€4,240 | -28.5% |
| Other tangible fixed assets | 26 | €591 | €394 | -€197 | -33.3% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €1,443 | €1,539 | +€95 | +6.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €776 | €386 | -€390 | -50.2% |
| Other amounts receivable | 41 | €776 | €386 | -€390 | -50.2% |
| Cash at bank and in hand | 54/58 | €667 | €507 | -€160 | -24.0% |
| Deferred charges and accrued income | 490/1 | - | €645 | +€645 | |
| Total equity and liabilities | 10/49 | €141,926 | €137,584 | -€4,342 | -3.1% |
| Equity | 10/15 | -€17,811 | €4,552 | +€22,363 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,186 | -€9,823 | +€22,363 | +69.5% |
| Amounts payable | 17/49 | €159,737 | €133,032 | -€26,704 | -16.7% |
| Amounts payable after more than one year | 17 | €10,324 | €5,885 | -€4,439 | -43.0% |
| Financial debts | 170/4 | €10,324 | €5,885 | -€4,439 | -43.0% |
| Amounts payable within one year | 42/48 | €149,413 | €127,147 | -€22,266 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €4,213 | €4,439 | +€226 | +5.4% |
| Trade debts | 44 | €33,306 | €681 | -€32,625 | -98.0% |
| Suppliers | 440/4 | €33,306 | €681 | -€32,625 | -98.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €34,830 | €45,493 | +€10,663 | +30.6% |
| Taxes | 450/3 | €34,830 | €45,493 | +€10,663 | +30.6% |
| Other amounts payable | 47/48 | €77,064 | €76,534 | -€530 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,437 | €4,437 | = | 0.0% |
| Other operating charges | 640/8 | €539 | €400 | -€139 | -25.8% |
| Non-recurring operating charges | 66A | €161,888 | €0 | -€161,888 | -100.0% |
| Gross operating margin | 9900 | €134,741 | €37,026 | -€97,715 | -72.5% |
| Operating profit (loss) | 9901 | -€32,121 | €32,190 | +€64,311 | |
| Financial income | 75/76B | €21 | €0 | -€21 | -100.0% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100.0% |
| Financial charges | 65/66B | €1,230 | €1,376 | +€146 | +11.8% |
| Recurring financial charges | 65 | €1,230 | €1,376 | +€146 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,331 | €30,814 | +€64,145 | |
| Income taxes | 67/77 | €31,783 | €8,451 | -€23,332 | -73.4% |
| Profit (loss) for the period | 9904 | -€65,114 | €22,363 | +€87,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,114 | €22,363 | +€87,477 |
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 4 October 2026 via checked.be.