CH WORKS: 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 WORKS
Largest movements
- Deferred charges and accrued income -€14,898
down €14,898 (-98.3%), from €15,161 to €262
- Receivables within one year +€12,941
up €12,941 (+17.8%), from €72,702 to €85,644
of which Other amounts receivable: +€23,509
- Tangible fixed assets -€2,639
down €2,639 (-17.1%), from €15,446 to €12,807
- Cash +€1,949
up €1,949 (+6,684%), from €29 to €1,978
mainly Other debts (+€23,472) and Deferred charges and accrued income (+€14,898)
- Profit (loss) carried forward -€24,332
down €24,332 (-100%), from €24,332 to €0
- Other debts +€23,472
up €23,472 (+2,729%), from €860 to €24,332
- Reserves +€12,488
up €12,488 (+208%), from €5,996 to €18,483
- Tax, wage and social debts -€8,705
down €8,705 (-22.5%), from €38,666 to €29,961
- Debts after one year -€3,880
down €3,880 (-85.2%), from €4,553 to €673
- Gross operating margin +€24,738
up €24,738 (+199%), from €12,415 to €37,153
- Write-downs +€11,382
new in 2025: €11,382
- Taxes +€4,150
up €4,150 (+151%), from €2,757 to €6,907
- Other operating charges +€2,623
up €2,623 (+304%), from €864 to €3,487
- Financial charges +€1,533
up €1,533 (+92.4%), from €1,659 to €3,192
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 | €103,338 | €100,691 | -€2,647 | -2.6% |
| Fixed assets | 21/28 | €15,446 | €12,807 | -€2,639 | -17.1% |
| Tangible fixed assets | 22/27 | €15,446 | €12,807 | -€2,639 | -17.1% |
| Furniture and vehicles | 24 | €15,446 | €12,807 | -€2,639 | -17.1% |
| Current assets | 29/58 | €87,892 | €87,884 | -€8 | 0.0% |
| Amounts receivable within one year | 40/41 | €72,702 | €85,644 | +€12,941 | +17.8% |
| Trade receivables | 40 | €30,445 | €19,878 | -€10,567 | -34.7% |
| Other amounts receivable | 41 | €42,257 | €65,766 | +€23,509 | +55.6% |
| Cash at bank and in hand | 54/58 | €29 | €1,978 | +€1,949 | +6,684% |
| Deferred charges and accrued income | 490/1 | €15,161 | €262 | -€14,898 | -98.3% |
| Total equity and liabilities | 10/49 | €103,338 | €100,691 | -€2,647 | -2.6% |
| Equity | 10/15 | €32,828 | €20,983 | -€11,845 | -36.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,996 | €18,483 | +€12,488 | +208% |
| Distributable reserves | 133 | €5,996 | €18,483 | +€12,488 | +208% |
| Profit (loss) carried forward | 14 | €24,332 | €0 | -€24,332 | -100% |
| Amounts payable | 17/49 | €70,510 | €79,708 | +€9,197 | +13.0% |
| Amounts payable after more than one year | 17 | €4,553 | €673 | -€3,880 | -85.2% |
| Financial debts | 170/4 | €4,553 | €673 | -€3,880 | -85.2% |
| Amounts payable within one year | 42/48 | €64,327 | €78,122 | +€13,795 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €4,978 | €3,880 | -€1,098 | -22.1% |
| Financial debts | 43 | €541 | €2,053 | +€1,512 | +280% |
| Credit institutions | 430/8 | €541 | €2,053 | +€1,512 | +280% |
| Trade debts | 44 | €19,282 | €17,895 | -€1,387 | -7.2% |
| Suppliers | 440/4 | €19,282 | €17,895 | -€1,387 | -7.2% |
| Taxes, remuneration and social security | 45 | €38,666 | €29,961 | -€8,705 | -22.5% |
| Taxes | 450/3 | €38,666 | €29,961 | -€8,705 | -22.5% |
| Other amounts payable | 47/48 | €860 | €24,332 | +€23,472 | +2,729% |
| Accrued charges and deferred income | 492/3 | €1,630 | €913 | -€717 | -44.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,639 | €2,639 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,382 | +€11,382 | |
| Other operating charges | 640/8 | €864 | €3,487 | +€2,623 | +304% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,415 | €37,153 | +€24,738 | +199% |
| Operating profit (loss) | 9901 | €8,912 | €19,644 | +€10,733 | +120% |
| Financial income | 75/76B | €1,500 | €2,942 | +€1,442 | +96.1% |
| Recurring financial income | 75 | €1,500 | €2,942 | +€1,442 | +96.1% |
| Financial charges | 65/66B | €1,659 | €3,192 | +€1,533 | +92.4% |
| Recurring financial charges | 65 | €1,659 | €3,192 | +€1,533 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €8,752 | €19,394 | +€10,642 | +122% |
| Income taxes | 67/77 | €2,757 | €6,907 | +€4,150 | +151% |
| Profit (loss) for the period | 9904 | €5,996 | €12,488 | +€6,492 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €5,996 | €12,488 | +€6,492 | +108% |
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 18 October 2026 via checked.be.