CH Corporation: 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.
CH Corporation
Largest movements
- Tangible fixed assets -€21,933
down €21,933 (-74.3%), from €29,511 to €7,578
of which Furniture and vehicles: -€13,087
- Cash -€16,613
down €16,613 (-92.5%), from €17,964 to €1,351
mainly Debts after one year (-€50,000) and Tax, wage and social debts (-€12,530)
- Receivables within one year -€12,893
down €12,893 (-22.6%), from €57,104 to €44,211
of which Trade receivables: -€17,872
- Debts after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Reserves +€15,207
up €15,207 (+55.0%), from €27,646 to €42,853
- Tax, wage and social debts -€12,530
down €12,530 (-51.9%), from €24,124 to €11,593
of which Remuneration and social security: -€14,715
- Other debts -€9,705
down €9,705 (-100.0%), from €9,705 to €0
- Trade debts +€5,589
up €5,589 (+16753.7%), from €33 to €5,622
- Staff costs -€39,077
down €39,077 (-97.0%), from €40,272 to €1,196
- Gross operating margin -€16,653
down €16,653 (-23.7%), from €70,221 to €53,568
- Depreciation +€6,801
up €6,801 (+72.8%), from €9,343 to €16,144
- Financial charges +€6,580
up €6,580 (+455.7%), from €1,444 to €8,024
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,507 | €62,068 | -€51,439 | -45.3% |
| Fixed assets | 21/28 | €38,439 | €16,506 | -€21,933 | -57.1% |
| Tangible fixed assets | 22/27 | €29,511 | €7,578 | -€21,933 | -74.3% |
| Plant, machinery and equipment | 23 | €15,168 | €6,321 | -€8,846 | -58.3% |
| Furniture and vehicles | 24 | €14,344 | €1,257 | -€13,087 | -91.2% |
| Financial fixed assets | 28 | €8,928 | €8,928 | = | 0.0% |
| Current assets | 29/58 | €75,068 | €45,562 | -€29,506 | -39.3% |
| Amounts receivable within one year | 40/41 | €57,104 | €44,211 | -€12,893 | -22.6% |
| Trade receivables | 40 | €48,684 | €30,812 | -€17,872 | -36.7% |
| Other amounts receivable | 41 | €8,420 | €13,400 | +€4,979 | +59.1% |
| Cash at bank and in hand | 54/58 | €17,964 | €1,351 | -€16,613 | -92.5% |
| Total equity and liabilities | 10/49 | €113,507 | €62,068 | -€51,439 | -45.3% |
| Equity | 10/15 | €29,646 | €44,853 | +€15,207 | +51.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,646 | €42,853 | +€15,207 | +55.0% |
| Distributable reserves | 133 | €27,646 | €42,853 | +€15,207 | +55.0% |
| Amounts payable | 17/49 | €83,862 | €17,215 | -€66,646 | -79.5% |
| Amounts payable after more than one year | 17 | €50,000 | €0 | -€50,000 | -100.0% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts payable within one year | 42/48 | €33,862 | €17,215 | -€16,646 | -49.2% |
| Trade debts | 44 | €33 | €5,622 | +€5,589 | +16753.7% |
| Suppliers | 440/4 | €33 | €5,622 | +€5,589 | +16753.7% |
| Taxes, remuneration and social security | 45 | €24,124 | €11,593 | -€12,530 | -51.9% |
| Taxes | 450/3 | €9,408 | €11,593 | +€2,185 | +23.2% |
| Remuneration and social security | 454/9 | €14,715 | €0 | -€14,715 | -100.0% |
| Other amounts payable | 47/48 | €9,705 | €0 | -€9,705 | -100.0% |
| Remuneration, social security and pensions | 62 | €40,272 | €1,196 | -€39,077 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,343 | €16,144 | +€6,801 | +72.8% |
| Other operating charges | 640/8 | €3,186 | €3,008 | -€178 | -5.6% |
| Non-recurring operating charges | 66A | - | €5,789 | +€5,789 | |
| Gross operating margin | 9900 | €70,221 | €53,568 | -€16,653 | -23.7% |
| Operating profit (loss) | 9901 | €17,420 | €27,432 | +€10,012 | +57.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €1,444 | €8,024 | +€6,580 | +455.7% |
| Recurring financial charges | 65 | €1,444 | €8,024 | +€6,580 | +455.7% |
| Profit (loss) for the period before taxes | 9903 | €15,976 | €19,408 | +€3,432 | +21.5% |
| Income taxes | 67/77 | €4,099 | €4,201 | +€102 | +2.5% |
| Profit (loss) for the period | 9904 | €11,878 | €15,207 | +€3,330 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,878 | €15,207 | +€3,330 | +28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.