CH-EF: 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-EF
Largest movements
- Cash +€20,498
up €20,498 (+46.5%), from €44,058 to €64,555
mainly Depreciation (+€9,274) and Tax, wage and social debts (+€6,480)
- Tangible fixed assets -€9,274
down €9,274 (-49.9%), from €18,602 to €9,328
of which Furniture and vehicles: -€4,832
- Receivables within one year -€1,273
down €1,273 (-10.0%), from €12,798 to €11,524
of which Other amounts receivable: -€11,778
- Tax, wage and social debts +€6,480
up €6,480 (+254%), from €2,555 to €9,034
of which Taxes: +€6,021
- Trade debts +€4,940
up €4,940 (+59.2%), from €8,347 to €13,287
- Other debts -€2,478
down €2,478 (-37.2%), from €6,660 to €4,182
- Reserves +€1,169
up €1,169 (+2.9%), from €39,736 to €40,905
- Gross operating margin +€20,662
up €20,662 (+140%), from €14,734 to €35,396
- Staff costs -€10,916
down €10,916 (-34.9%), from €31,320 to €20,404
- Other operating charges +€1,285
up €1,285 (+60.2%), from €2,135 to €3,421
- Depreciation -€442
down €442 (-4.5%), from €9,716 to €9,274
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 | €77,298 | €87,409 | +€10,111 | +13.1% |
| Fixed assets | 21/28 | €18,602 | €9,328 | -€9,274 | -49.9% |
| Tangible fixed assets | 22/27 | €18,602 | €9,328 | -€9,274 | -49.9% |
| Plant, machinery and equipment | 23 | €2,873 | €431 | -€2,442 | -85.0% |
| Furniture and vehicles | 24 | €7,068 | €2,236 | -€4,832 | -68.4% |
| Other tangible fixed assets | 26 | €8,661 | €6,661 | -€2,000 | -23.1% |
| Current assets | 29/58 | €58,696 | €78,081 | +€19,385 | +33.0% |
| Amounts receivable within one year | 40/41 | €12,798 | €11,524 | -€1,273 | -10.0% |
| Trade receivables | 40 | €1,020 | €11,524 | +€10,504 | +1,030% |
| Other amounts receivable | 41 | €11,778 | - | -€11,778 | |
| Cash at bank and in hand | 54/58 | €44,058 | €64,555 | +€20,498 | +46.5% |
| Deferred charges and accrued income | 490/1 | €1,840 | €2,001 | +€161 | +8.7% |
| Total equity and liabilities | 10/49 | €77,298 | €87,409 | +€10,111 | +13.1% |
| Equity | 10/15 | €59,736 | €60,905 | +€1,169 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €39,736 | €40,905 | +€1,169 | +2.9% |
| Distributable reserves | 133 | €39,736 | €40,905 | +€1,169 | +2.9% |
| Amounts payable | 17/49 | €17,562 | €26,504 | +€8,942 | +50.9% |
| Amounts payable within one year | 42/48 | €17,562 | €26,504 | +€8,942 | +50.9% |
| Trade debts | 44 | €8,347 | €13,287 | +€4,940 | +59.2% |
| Suppliers | 440/4 | €8,347 | €13,287 | +€4,940 | +59.2% |
| Taxes, remuneration and social security | 45 | €2,555 | €9,034 | +€6,480 | +254% |
| Taxes | 450/3 | €25 | €6,046 | +€6,021 | +24,017% |
| Remuneration and social security | 454/9 | €2,529 | €2,988 | +€459 | +18.1% |
| Other amounts payable | 47/48 | €6,660 | €4,182 | -€2,478 | -37.2% |
| Remuneration, social security and pensions | 62 | €31,320 | €20,404 | -€10,916 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,716 | €9,274 | -€442 | -4.5% |
| Other operating charges | 640/8 | €2,135 | €3,421 | +€1,285 | +60.2% |
| Gross operating margin | 9900 | €14,734 | €35,396 | +€20,662 | +140% |
| Operating profit (loss) | 9901 | -€28,437 | €2,297 | +€30,735 | |
| Financial income | 75/76B | €6 | €4 | -€2 | -30.7% |
| Recurring financial income | 75 | €6 | €4 | -€2 | -30.7% |
| Financial charges | 65/66B | €954 | €840 | -€113 | -11.9% |
| Recurring financial charges | 65 | €954 | €840 | -€113 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,386 | €1,461 | +€30,846 | |
| Income taxes | 67/77 | €269 | €292 | +€22 | +8.2% |
| Profit (loss) for the period | 9904 | -€29,655 | €1,169 | +€30,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,655 | €1,169 | +€30,824 |
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 16 October 2026 via checked.be.