CH-VO: 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-VO
Largest movements
- Cash -€5,133
down €5,133 (-31.2%), from €16,427 to €11,294
mainly Net result for the year (-€7,544) and Receivables within one year (-€3,421)
- Receivables within one year +€3,421
up €3,421 (+1306.5%), from €262 to €3,683
of which Trade receivables: +€3,200
- Tangible fixed assets -€3,212
down €3,212 (-46.0%), from €6,989 to €3,777
of which Other tangible fixed assets: -€1,960
- Profit (loss) carried forward -€7,544
down €7,544 (-42.9%), from €17,582 to €10,038
- Trade debts +€1,582
new in 2025: €1,582
- Other debts +€987
up €987 (+86.1%), from €1,146 to €2,134
- Depreciation -€190
down €190 (-5.5%), from €3,452 to €3,263
- Gross operating margin +€78
up €78 (+1.8%), from -€4,218 to -€4,141
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 | €23,728 | €18,754 | -€4,974 | -21.0% |
| Formation expenses | 20 | €50 | €0 | -€50 | -100.0% |
| Fixed assets | 21/28 | €6,989 | €3,777 | -€3,212 | -46.0% |
| Tangible fixed assets | 22/27 | €6,989 | €3,777 | -€3,212 | -46.0% |
| Furniture and vehicles | 24 | €3,092 | €1,839 | -€1,252 | -40.5% |
| Other tangible fixed assets | 26 | €3,898 | €1,938 | -€1,960 | -50.3% |
| Current assets | 29/58 | €16,689 | €14,977 | -€1,711 | -10.3% |
| Amounts receivable within one year | 40/41 | €262 | €3,683 | +€3,421 | +1306.5% |
| Trade receivables | 40 | - | €3,200 | +€3,200 | |
| Other amounts receivable | 41 | €262 | €483 | +€221 | +84.6% |
| Cash at bank and in hand | 54/58 | €16,427 | €11,294 | -€5,133 | -31.2% |
| Total equity and liabilities | 10/49 | €23,728 | €18,754 | -€4,974 | -21.0% |
| Equity | 10/15 | €22,582 | €15,038 | -€7,544 | -33.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,582 | €10,038 | -€7,544 | -42.9% |
| Amounts payable | 17/49 | €1,146 | €3,716 | +€2,569 | +224.1% |
| Amounts payable within one year | 42/48 | €1,146 | €3,716 | +€2,569 | +224.1% |
| Trade debts | 44 | - | €1,582 | +€1,582 | |
| Suppliers | 440/4 | - | €1,582 | +€1,582 | |
| Other amounts payable | 47/48 | €1,146 | €2,134 | +€987 | +86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,452 | €3,263 | -€190 | -5.5% |
| Gross operating margin | 9900 | -€4,218 | -€4,141 | +€78 | +1.8% |
| Operating profit (loss) | 9901 | -€7,671 | -€7,404 | +€267 | +3.5% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,811 | -€7,544 | +€267 | +3.4% |
| Profit (loss) for the period | 9904 | -€7,811 | -€7,544 | +€267 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,811 | -€7,544 | +€267 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.