CH CAPITAL: 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.
CH CAPITAL
Largest movements
- Tangible fixed assets -€48,999
down €48,999 (-23.3%), from €210,708 to €161,709
of which Furniture and vehicles: -€48,162
- Cash +€24,977
up €24,977 (+298%), from €8,386 to €33,362
mainly Other debts (+€60,000) and Depreciation (+€48,999)
- Receivables within one year +€14,950
up €14,950 (+7.4%), from €202,130 to €217,080
of which Trade receivables: +€13,333
- Reserves -€60,000
down €60,000 (-18.6%), from €322,258 to €262,258
- Other debts +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€9,320
down €9,320 (-9.9%), from €94,601 to €85,281
- Gross operating margin -€34,459
down €34,459 (-49.3%), from €69,871 to €35,412
- Depreciation +€17,357
up €17,357 (+54.9%), from €31,643 to €48,999
- Taxes -€12,143
down €12,143 (-83.5%), from €14,537 to €2,395
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.
Derived cash bridge
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 | €434,083 | €424,477 | -€9,606 | -2.2% |
| Fixed assets | 21/28 | €220,708 | €171,709 | -€48,999 | -22.2% |
| Tangible fixed assets | 22/27 | €210,708 | €161,709 | -€48,999 | -23.3% |
| Plant, machinery and equipment | 23 | €9,428 | €8,591 | -€837 | -8.9% |
| Furniture and vehicles | 24 | €201,280 | €153,118 | -€48,162 | -23.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €213,375 | €252,768 | +€39,393 | +18.5% |
| Amounts receivable within one year | 40/41 | €202,130 | €217,080 | +€14,950 | +7.4% |
| Trade receivables | 40 | €47,000 | €60,333 | +€13,333 | +28.4% |
| Other amounts receivable | 41 | €155,130 | €156,748 | +€1,617 | +1.0% |
| Cash at bank and in hand | 54/58 | €8,386 | €33,362 | +€24,977 | +298% |
| Deferred charges and accrued income | 490/1 | €2,859 | €2,325 | -€534 | -18.7% |
| Total equity and liabilities | 10/49 | €434,083 | €424,477 | -€9,606 | -2.2% |
| Equity | 10/15 | €429,260 | €359,939 | -€69,320 | -16.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €322,258 | €262,258 | -€60,000 | -18.6% |
| Distributable reserves | 133 | €322,258 | €262,258 | -€60,000 | -18.6% |
| Profit (loss) carried forward | 14 | €94,601 | €85,281 | -€9,320 | -9.9% |
| Amounts payable | 17/49 | €4,823 | €64,537 | +€59,714 | +1,238% |
| Amounts payable within one year | 42/48 | €4,823 | €64,537 | +€59,714 | +1,238% |
| Trade debts | 44 | €286 | - | -€286 | |
| Suppliers | 440/4 | €286 | - | -€286 | |
| Taxes, remuneration and social security | 45 | €4,537 | €4,537 | = | 0.0% |
| Taxes | 450/3 | €4,537 | €4,537 | = | 0.0% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,643 | €48,999 | +€17,357 | +54.9% |
| Other operating charges | 640/8 | €1,224 | €1,209 | -€15 | -1.2% |
| Gross operating margin | 9900 | €69,871 | €35,412 | -€34,459 | -49.3% |
| Operating profit (loss) | 9901 | €37,004 | -€14,797 | -€51,801 | |
| Financial income | 75/76B | €8,170 | €7,961 | -€209 | -2.6% |
| Recurring financial income | 75 | €8,170 | €7,961 | -€209 | -2.6% |
| Financial charges | 65/66B | €239 | €90 | -€148 | -62.2% |
| Recurring financial charges | 65 | €239 | €90 | -€148 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €44,936 | -€6,926 | -€51,862 | |
| Income taxes | 67/77 | €14,537 | €2,395 | -€12,143 | -83.5% |
| Profit (loss) for the period | 9904 | €30,398 | -€9,320 | -€39,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,398 | -€9,320 | -€39,719 |
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 14 October 2026 via checked.be.