C&H ONREL: what changed
C&H ONREL
Largest movements
- Current investments -€538,945
down €538,945 (-59.5%), from €905,962 to €367,016
- Cash +€239,792
up €239,792 (+139%), from €172,503 to €412,295
mainly Current investments (+€538,945) and Depreciation (+€64,666)
- Receivables after one year +€150,000
up €150,000 (+75.0%), from €200,000 to €350,000
- Tangible fixed assets +€115,803
up €115,803 (+11.8%), from €983,470 to €1.1m
of which Furniture and vehicles: +€158,032
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€792,385
down €792,385 (-97.2%), from €815,235 to €22,851
- Depreciation -€38,151
down €38,151 (-37.1%), from €102,817 to €64,666
- Gross operating margin +€13,138
up €13,138 (+60.6%), from €21,685 to €34,823
- Other operating charges +€3,277
up €3,277 (+43.1%), from €7,603 to €10,880
- Financial charges +€854
up €854 (+309%), from €276 to €1,130
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,270,587 | €7,250,951 | -€19,636 | -0.3% |
| Fixed assets | 21/28 | €5,938,730 | €6,056,259 | +€117,529 | +2.0% |
| Tangible fixed assets | 22/27 | €983,470 | €1,099,273 | +€115,803 | +11.8% |
| Land and buildings | 22 | €939,713 | €898,384 | -€41,330 | -4.4% |
| Plant, machinery and equipment | 23 | €1,904 | €1,005 | -€900 | -47.2% |
| Furniture and vehicles | 24 | €41,853 | €199,885 | +€158,032 | +378% |
| Financial fixed assets | 28 | €4,955,260 | €4,956,986 | +€1,726 | 0.0% |
| Current assets | 29/58 | €1,331,857 | €1,194,692 | -€137,165 | -10.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Other amounts receivable | 291 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Amounts receivable within one year | 40/41 | €47,901 | €53,483 | +€5,582 | +11.7% |
| Trade receivables | 40 | €10,453 | €18,310 | +€7,857 | +75.2% |
| Other amounts receivable | 41 | €37,449 | €35,173 | -€2,276 | -6.1% |
| Current investments | 50/53 | €905,962 | €367,016 | -€538,945 | -59.5% |
| Cash at bank and in hand | 54/58 | €172,503 | €412,295 | +€239,792 | +139% |
| Deferred charges and accrued income | 490/1 | €5,491 | €11,898 | +€6,407 | +117% |
| Total equity and liabilities | 10/49 | €7,270,587 | €7,250,951 | -€19,636 | -0.3% |
| Equity | 10/15 | €7,260,443 | €7,241,132 | -€19,310 | -0.3% |
| Contributions | 10/11 | €4,606,000 | €4,606,000 | = | 0.0% |
| Reserves | 13 | €2,654,443 | €2,635,132 | -€19,310 | -0.7% |
| Distributable reserves | 133 | €2,654,443 | €2,635,132 | -€19,310 | -0.7% |
| Amounts payable | 17/49 | €10,145 | €9,819 | -€326 | -3.2% |
| Amounts payable within one year | 42/48 | €10,145 | €9,726 | -€419 | -4.1% |
| Trade debts | 44 | €1,483 | €2,679 | +€1,196 | +80.7% |
| Suppliers | 440/4 | €1,483 | €2,679 | +€1,196 | +80.7% |
| Taxes, remuneration and social security | 45 | €161 | €98 | -€63 | -39.1% |
| Taxes | 450/3 | €161 | €98 | -€63 | -39.1% |
| Other amounts payable | 47/48 | €8,501 | €6,948 | -€1,552 | -18.3% |
| Accrued charges and deferred income | 492/3 | €0 | €93 | +€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,817 | €64,666 | -€38,151 | -37.1% |
| Other operating charges | 640/8 | €7,603 | €10,880 | +€3,277 | +43.1% |
| Gross operating margin | 9900 | €21,685 | €34,823 | +€13,138 | +60.6% |
| Operating profit (loss) | 9901 | -€88,734 | -€40,722 | +€48,012 | +54.1% |
| Financial income | 75/76B | €815,235 | €22,851 | -€792,385 | -97.2% |
| Recurring financial income | 75 | €815,235 | €22,851 | -€792,385 | -97.2% |
| Financial charges | 65/66B | €276 | €1,130 | +€854 | +309% |
| Recurring financial charges | 65 | €276 | €1,130 | +€854 | +309% |
| Profit (loss) for the period before taxes | 9903 | €726,225 | -€19,001 | -€745,226 | |
| Income taxes | 67/77 | €246 | €309 | +€63 | +25.8% |
| Profit (loss) for the period | 9904 | €725,979 | -€19,310 | -€745,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €725,979 | -€19,310 | -€745,290 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.