CHCD: 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.
CHCD
Largest movements
- Financial fixed assets -€250,000
down €250,000 (-100.0%), from €250,100 to €100
- Tangible fixed assets -€62,473
down €62,473 (-32.6%), from €191,828 to €129,355
of which Furniture and vehicles: -€59,819
- Receivables within one year +€52,617
up €52,617 (+97.3%), from €54,050 to €106,667
of which Trade receivables: +€33,071
- Cash +€30,497
up €30,497 (+433.0%), from €7,043 to €37,540
mainly Investment in fixed assets (net) (+€274,845) and Advances received (+€50,820)
- Deferred charges and accrued income -€25,467
down €25,467 (-98.3%), from €25,898 to €431
- Profit (loss) carried forward -€205,611
down €205,611 (-87.3%), from €235,485 to €29,874
- Debts after one year -€59,703
down €59,703 (-40.6%), from €147,019 to €87,316
- Advances received +€50,820
new in 2025: €50,820
- Tax, wage and social debts -€15,336
down €15,336 (-52.3%), from €29,310 to €13,974
- Current portion of long-term debt -€13,171
down €13,171 (-18.7%), from €70,614 to €57,442
- Gross operating margin +€80,905
up €80,905 (+204.0%), from €39,650 to €120,555
- Taxes +€14,757
up €14,757 (+717.3%), from €2,057 to €16,815
- Depreciation +€12,290
up €12,290 (+48.5%), from €25,338 to €37,628
- Other operating charges +€8,825
up €8,825 (+176.7%), from €4,995 to €13,820
- Financial charges +€1,582
up €1,582 (+23.8%), from €6,642 to €8,224
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 | €528,920 | €274,093 | -€254,827 | -48.2% |
| Fixed assets | 21/28 | €441,928 | €129,455 | -€312,473 | -70.7% |
| Tangible fixed assets | 22/27 | €191,828 | €129,355 | -€62,473 | -32.6% |
| Plant, machinery and equipment | 23 | €16,136 | €13,482 | -€2,654 | -16.5% |
| Furniture and vehicles | 24 | €175,692 | €115,873 | -€59,819 | -34.0% |
| Financial fixed assets | 28 | €250,100 | €100 | -€250,000 | -100.0% |
| Current assets | 29/58 | €86,991 | €144,638 | +€57,647 | +66.3% |
| Amounts receivable within one year | 40/41 | €54,050 | €106,667 | +€52,617 | +97.3% |
| Trade receivables | 40 | €30,050 | €63,121 | +€33,071 | +110.1% |
| Other amounts receivable | 41 | €24,000 | €43,546 | +€19,546 | +81.4% |
| Cash at bank and in hand | 54/58 | €7,043 | €37,540 | +€30,497 | +433.0% |
| Deferred charges and accrued income | 490/1 | €25,898 | €431 | -€25,467 | -98.3% |
| Total equity and liabilities | 10/49 | €528,920 | €274,093 | -€254,827 | -48.2% |
| Equity | 10/15 | €245,485 | €39,874 | -€205,611 | -83.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,485 | €29,874 | -€205,611 | -87.3% |
| Amounts payable | 17/49 | €283,435 | €234,219 | -€49,215 | -17.4% |
| Amounts payable after more than one year | 17 | €147,019 | €87,316 | -€59,703 | -40.6% |
| Financial debts | 170/4 | €147,019 | €87,316 | -€59,703 | -40.6% |
| Amounts payable within one year | 42/48 | €136,416 | €144,113 | +€7,698 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €70,614 | €57,442 | -€13,171 | -18.7% |
| Trade debts | 44 | €31,590 | €21,469 | -€10,121 | -32.0% |
| Suppliers | 440/4 | €31,590 | €21,469 | -€10,121 | -32.0% |
| Advances received on contracts in progress | 46 | - | €50,820 | +€50,820 | |
| Taxes, remuneration and social security | 45 | €29,310 | €13,974 | -€15,336 | -52.3% |
| Taxes | 450/3 | €29,310 | €13,974 | -€15,336 | -52.3% |
| Other amounts payable | 47/48 | €4,902 | €407 | -€4,494 | -91.7% |
| Accrued charges and deferred income | 492/3 | - | €2,790 | +€2,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,338 | €37,628 | +€12,290 | +48.5% |
| Other operating charges | 640/8 | €4,995 | €13,820 | +€8,825 | +176.7% |
| Non-recurring operating charges | 66A | - | €250,000 | +€250,000 | |
| Gross operating margin | 9900 | €39,650 | €120,555 | +€80,905 | +204.0% |
| Operating profit (loss) | 9901 | €9,317 | -€180,893 | -€190,210 | |
| Financial income | 75/76B | €272 | €321 | +€49 | +18.0% |
| Recurring financial income | 75 | €272 | €321 | +€49 | +18.0% |
| Financial charges | 65/66B | €6,642 | €8,224 | +€1,582 | +23.8% |
| Recurring financial charges | 65 | €6,642 | €8,224 | +€1,582 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €2,946 | -€188,797 | -€191,743 | |
| Income taxes | 67/77 | €2,057 | €16,815 | +€14,757 | +717.3% |
| Profit (loss) for the period | 9904 | €888 | -€205,611 | -€206,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €888 | -€205,611 | -€206,500 |
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 3 October 2026 via checked.be.