C-HOLD: 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-HOLD
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+8.3%), from €2.4m to €2.6m
- Cash -€40,031
down €40,031 (-36.7%), from €109,050 to €69,019
mainly Contributions, distributions and other (-€288,299) and Investment in fixed assets (net) (-€211,985)
- Receivables within one year -€33,169
down €33,169 (-40.5%), from €81,901 to €48,733
of which Other amounts receivable: -€33,169
- Other debts +€229,738
up €229,738 (+1310.8%), from €17,527 to €247,264
- Debts after one year -€86,416
down €86,416 (-4.7%), from €1.8m to €1.8m
- Financial income +€209,999
up €209,999 (+210.0%), from €100,001 to €310,000
- Financial charges +€59,618
up €59,618 (+255.6%), from €23,329 to €82,947
- Gross operating margin +€15,556
up €15,556 (+41.8%), from €37,185 to €52,741
- Taxes -€3,247
down €3,247 (-93.7%), from €3,464 to €217
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 | €2,592,129 | €2,729,572 | +€137,443 | +5.3% |
| Fixed assets | 21/28 | €2,400,309 | €2,611,410 | +€211,101 | +8.8% |
| Tangible fixed assets | 22/27 | €309 | €11,410 | +€11,101 | +3591.6% |
| Land and buildings | 22 | - | €11,410 | +€11,410 | |
| Furniture and vehicles | 24 | €309 | €0 | -€309 | -100.0% |
| Financial fixed assets | 28 | €2,400,000 | €2,600,000 | +€200,000 | +8.3% |
| Current assets | 29/58 | €191,820 | €118,162 | -€73,658 | -38.4% |
| Amounts receivable within one year | 40/41 | €81,901 | €48,733 | -€33,169 | -40.5% |
| Trade receivables | 40 | €42,196 | €42,196 | = | 0.0% |
| Other amounts receivable | 41 | €39,705 | €6,536 | -€33,169 | -83.5% |
| Cash at bank and in hand | 54/58 | €109,050 | €69,019 | -€40,031 | -36.7% |
| Deferred charges and accrued income | 490/1 | €869 | €411 | -€458 | -52.7% |
| Total equity and liabilities | 10/49 | €2,592,129 | €2,729,572 | +€137,443 | +5.3% |
| Equity | 10/15 | €420,384 | €409,242 | -€11,142 | -2.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €418,384 | €407,242 | -€11,142 | -2.7% |
| Distributable reserves | 133 | €418,384 | €407,242 | -€11,142 | -2.7% |
| Amounts payable | 17/49 | €2,171,745 | €2,320,330 | +€148,585 | +6.8% |
| Amounts payable after more than one year | 17 | €1,847,654 | €1,761,237 | -€86,416 | -4.7% |
| Financial debts | 170/4 | €1,847,654 | €1,761,237 | -€86,416 | -4.7% |
| Amounts payable within one year | 42/48 | €313,553 | €537,363 | +€223,809 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €262,180 | €271,416 | +€9,236 | +3.5% |
| Trade debts | 44 | €8,730 | €6,304 | -€2,425 | -27.8% |
| Suppliers | 440/4 | €8,730 | €6,304 | -€2,425 | -27.8% |
| Taxes, remuneration and social security | 45 | €25,117 | €12,378 | -€12,739 | -50.7% |
| Taxes | 450/3 | €25,117 | €12,378 | -€12,739 | -50.7% |
| Other amounts payable | 47/48 | €17,527 | €247,264 | +€229,738 | +1310.8% |
| Accrued charges and deferred income | 492/3 | €10,539 | €21,730 | +€11,192 | +106.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €884 | +€346 | +64.5% |
| Other operating charges | 640/8 | €1,992 | €1,536 | -€455 | -22.9% |
| Gross operating margin | 9900 | €37,185 | €52,741 | +€15,556 | +41.8% |
| Operating profit (loss) | 9901 | €34,656 | €50,321 | +€15,665 | +45.2% |
| Financial income | 75/76B | €100,001 | €310,000 | +€209,999 | +210.0% |
| Recurring financial income | 75 | €100,001 | €310,000 | +€209,999 | +210.0% |
| Financial charges | 65/66B | €23,329 | €82,947 | +€59,618 | +255.6% |
| Recurring financial charges | 65 | €23,329 | €82,947 | +€59,618 | +255.6% |
| Profit (loss) for the period before taxes | 9903 | €111,328 | €277,374 | +€166,046 | +149.2% |
| Income taxes | 67/77 | €3,464 | €217 | -€3,247 | -93.7% |
| Profit (loss) for the period | 9904 | €107,864 | €277,157 | +€169,293 | +157.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,864 | €277,157 | +€169,293 | +157.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.