CHBA MANAGEMENT: 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.
CHBA MANAGEMENT
Largest movements
- Cash +€118,875
up €118,875 (+150.8%), from €78,816 to €197,691
mainly Net result for the year (+€114,018) and Other debts (+€50,000)
- Receivables within one year -€37,011
down €37,011 (-39.6%), from €93,389 to €56,378
of which Other amounts receivable: -€29,577
- Tangible fixed assets +€17,370
up €17,370 (+145.6%), from €11,933 to €29,303
- Reserves +€64,018
up €64,018 (+48.9%), from €130,942 to €194,961
- Other debts +€50,000
new in 2025: €50,000
- Trade debts -€16,083
down €16,083 (-66.7%), from €24,099 to €8,016
- Gross operating margin +€37,539
up €37,539 (+29.9%), from €125,366 to €162,905
- Taxes +€6,467
up €6,467 (+18.0%), from €35,973 to €42,440
- Depreciation +€4,324
up €4,324 (+6360.0%), from €68 to €4,392
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 | €186,582 | €284,940 | +€98,358 | +52.7% |
| Fixed assets | 21/28 | €11,933 | €29,303 | +€17,370 | +145.6% |
| Tangible fixed assets | 22/27 | €11,933 | €29,303 | +€17,370 | +145.6% |
| Furniture and vehicles | 24 | €11,933 | €29,303 | +€17,370 | +145.6% |
| Current assets | 29/58 | €174,649 | €255,637 | +€80,988 | +46.4% |
| Amounts receivable within one year | 40/41 | €93,389 | €56,378 | -€37,011 | -39.6% |
| Trade receivables | 40 | €37,669 | €30,235 | -€7,434 | -19.7% |
| Other amounts receivable | 41 | €55,720 | €26,143 | -€29,577 | -53.1% |
| Cash at bank and in hand | 54/58 | €78,816 | €197,691 | +€118,875 | +150.8% |
| Deferred charges and accrued income | 490/1 | €2,444 | €1,568 | -€876 | -35.8% |
| Total equity and liabilities | 10/49 | €186,582 | €284,940 | +€98,358 | +52.7% |
| Equity | 10/15 | €140,942 | €204,961 | +€64,018 | +45.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €130,942 | €194,961 | +€64,018 | +48.9% |
| Distributable reserves | 133 | €130,942 | €194,961 | +€64,018 | +48.9% |
| Amounts payable | 17/49 | €45,640 | €79,979 | +€34,340 | +75.2% |
| Amounts payable within one year | 42/48 | €45,640 | €79,979 | +€34,340 | +75.2% |
| Trade debts | 44 | €24,099 | €8,016 | -€16,083 | -66.7% |
| Suppliers | 440/4 | €24,099 | €8,016 | -€16,083 | -66.7% |
| Taxes, remuneration and social security | 45 | €21,541 | €21,963 | +€423 | +2.0% |
| Taxes | 450/3 | €21,541 | €21,963 | +€423 | +2.0% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €4,392 | +€4,324 | +6360.0% |
| Other operating charges | 640/8 | €508 | €611 | +€103 | +20.3% |
| Gross operating margin | 9900 | €125,366 | €162,905 | +€37,539 | +29.9% |
| Operating profit (loss) | 9901 | €124,790 | €157,902 | +€33,112 | +26.5% |
| Financial income | 75/76B | €26 | €108 | +€83 | +322.4% |
| Recurring financial income | 75 | €26 | €108 | +€83 | +322.4% |
| Financial charges | 65/66B | €2,007 | €1,552 | -€455 | -22.7% |
| Recurring financial charges | 65 | €2,007 | €1,552 | -€455 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €122,808 | €156,459 | +€33,650 | +27.4% |
| Income taxes | 67/77 | €35,973 | €42,440 | +€6,467 | +18.0% |
| Profit (loss) for the period | 9904 | €86,835 | €114,018 | +€27,183 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,835 | €114,018 | +€27,183 | +31.3% |
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 4 October 2026 via checked.be.