C&H: 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.
C&H
Largest movements
- Tangible fixed assets -€467,933
down €467,933 (-99.7%), from €469,441 to €1,508
of which Land and buildings: -€468,349
- Receivables within one year +€18,852
up €18,852 (+248%), from €7,593 to €26,445
of which Trade receivables: +€24,022
- Cash -€12,824
down €12,824 (-34.2%), from €37,533 to €24,709
- Other debts -€442,022
down €442,022 (-86.3%), from €512,238 to €70,216
- Advances received +€27,168
new in 2025: €27,168
- Contributions -€17,189
down €17,189 (-92.4%), from €18,600 to €1,411
- Tax, wage and social debts -€12,646
down €12,646 (-99.6%), from €12,691 to €45
- Profit (loss) carried forward -€12,109
down €12,109 (-36.2%), from -€33,456 to -€45,565
- Gross operating margin +€45,820
up €45,820 (+88.0%), from -€52,096 to -€6,276
- Depreciation -€20,877
down €20,877 (-96.4%), from €21,664 to €787
- Other operating charges -€729
down €729 (-59.8%), from €1,219 to €490
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,456 | €54,471 | -€461,985 | -89.5% |
| Fixed assets | 21/28 | €469,441 | €1,508 | -€467,933 | -99.7% |
| Tangible fixed assets | 22/27 | €469,441 | €1,508 | -€467,933 | -99.7% |
| Land and buildings | 22 | €468,349 | - | -€468,349 | |
| Plant, machinery and equipment | 23 | €397 | €918 | +€520 | +131% |
| Furniture and vehicles | 24 | €695 | €590 | -€105 | -15.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €47,015 | €52,963 | +€5,948 | +12.7% |
| Amounts receivable within one year | 40/41 | €7,593 | €26,445 | +€18,852 | +248% |
| Trade receivables | 40 | - | €24,022 | +€24,022 | |
| Other amounts receivable | 41 | €7,593 | €2,422 | -€5,170 | -68.1% |
| Cash at bank and in hand | 54/58 | €37,533 | €24,709 | -€12,824 | -34.2% |
| Deferred charges and accrued income | 490/1 | €1,890 | €1,809 | -€80 | -4.2% |
| Total equity and liabilities | 10/49 | €516,456 | €54,471 | -€461,985 | -89.5% |
| Equity | 10/15 | -€12,996 | -€44,154 | -€31,158 | -240% |
| Contributions | 10/11 | €18,600 | €1,411 | -€17,189 | -92.4% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€33,456 | -€45,565 | -€12,109 | -36.2% |
| Amounts payable | 17/49 | €529,452 | €98,625 | -€430,827 | -81.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €529,452 | €98,625 | -€430,827 | -81.4% |
| Current portion of amounts payable after more than one year | 42 | €4,343 | - | -€4,343 | |
| Trade debts | 44 | €180 | €1,196 | +€1,015 | +563% |
| Suppliers | 440/4 | €180 | €1,196 | +€1,015 | +563% |
| Advances received on contracts in progress | 46 | - | €27,168 | +€27,168 | |
| Taxes, remuneration and social security | 45 | €12,691 | €45 | -€12,646 | -99.6% |
| Taxes | 450/3 | €12,691 | €45 | -€12,646 | -99.6% |
| Other amounts payable | 47/48 | €512,238 | €70,216 | -€442,022 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,664 | €787 | -€20,877 | -96.4% |
| Other operating charges | 640/8 | €1,219 | €490 | -€729 | -59.8% |
| Gross operating margin | 9900 | -€52,096 | -€6,276 | +€45,820 | +88.0% |
| Operating profit (loss) | 9901 | -€74,979 | -€7,553 | +€67,426 | +89.9% |
| Financial charges | 65/66B | €616 | €194 | -€422 | -68.5% |
| Recurring financial charges | 65 | €616 | €194 | -€422 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,594 | -€7,747 | +€67,848 | +89.8% |
| Income taxes | 67/77 | -€37 | €0 | +€37 | |
| Profit (loss) for the period | 9904 | -€75,558 | -€7,747 | +€67,811 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,558 | -€7,747 | +€67,811 | +89.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.