ChD: 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.
ChD
Largest movements
- Tangible fixed assets -€26,529
down €26,529 (-7.1%), from €372,338 to €345,809
of which Land and buildings: -€16,002
- Cash +€12,668
up €12,668 (+84.4%), from €15,011 to €27,679
mainly Depreciation (+€23,828) and Net result for the year (+€10,694)
- Debts after one year -€25,193
down €25,193 (-13.1%), from €192,850 to €167,657
- Reserves +€9,700
up €9,700 (+8.1%), from €120,360 to €130,060
of which Distributable reserves: +€9,700
- Trade debts -€6,343
down €6,343 (-58.4%), from €10,857 to €4,514
- Staff costs -€36,014
down €36,014 (-26.6%), from €135,476 to €99,462
- Gross operating margin -€21,630
down €21,630 (-13.8%), from €157,299 to €135,669
- Depreciation -€9,379
down €9,379 (-28.2%), from €33,207 to €23,828
- Financial income +€3,211
up €3,211 (+64.6%), from €4,971 to €8,182
of which Non-recurring financial income: +€3,192
- Taxes +€2,895
up €2,895 (+417.7%), from €693 to €3,588
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 | €401,911 | €386,389 | -€15,522 | -3.9% |
| Fixed assets | 21/28 | €372,388 | €345,871 | -€26,517 | -7.1% |
| Tangible fixed assets | 22/27 | €372,338 | €345,809 | -€26,529 | -7.1% |
| Land and buildings | 22 | €327,195 | €311,193 | -€16,002 | -4.9% |
| Plant, machinery and equipment | 23 | €331 | €241 | -€90 | -27.2% |
| Furniture and vehicles | 24 | €44,812 | €34,375 | -€10,437 | -23.3% |
| Financial fixed assets | 28 | €50 | €62 | +€12 | +24.0% |
| Current assets | 29/58 | €29,523 | €40,518 | +€10,995 | +37.2% |
| Amounts receivable within one year | 40/41 | €6,959 | €7,895 | +€936 | +13.5% |
| Trade receivables | 40 | €6,959 | €7,830 | +€871 | +12.5% |
| Other amounts receivable | 41 | - | €65 | +€65 | |
| Current investments | 50/53 | €6,457 | €4,498 | -€1,959 | -30.3% |
| Cash at bank and in hand | 54/58 | €15,011 | €27,679 | +€12,668 | +84.4% |
| Deferred charges and accrued income | 490/1 | €1,096 | €446 | -€650 | -59.3% |
| Total equity and liabilities | 10/49 | €401,911 | €386,389 | -€15,522 | -3.9% |
| Equity | 10/15 | €99,059 | €108,920 | +€9,861 | +10.0% |
| Reserves | 13 | €120,360 | €130,060 | +€9,700 | +8.1% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €120,160 | €129,860 | +€9,700 | +8.1% |
| Profit (loss) carried forward | 14 | -€21,301 | -€21,140 | +€161 | +0.8% |
| Amounts payable | 17/49 | €302,852 | €277,469 | -€25,383 | -8.4% |
| Amounts payable after more than one year | 17 | €192,850 | €167,657 | -€25,193 | -13.1% |
| Financial debts | 170/4 | €192,850 | €167,657 | -€25,193 | -13.1% |
| Amounts payable within one year | 42/48 | €106,690 | €106,832 | +€142 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €24,665 | €25,193 | +€528 | +2.1% |
| Trade debts | 44 | €10,857 | €4,514 | -€6,343 | -58.4% |
| Suppliers | 440/4 | €10,857 | €4,514 | -€6,343 | -58.4% |
| Advances received on contracts in progress | 46 | - | €281 | +€281 | |
| Taxes, remuneration and social security | 45 | €23,072 | €24,916 | +€1,844 | +8.0% |
| Taxes | 450/3 | €12,268 | €13,552 | +€1,284 | +10.5% |
| Remuneration and social security | 454/9 | €10,804 | €11,364 | +€560 | +5.2% |
| Other amounts payable | 47/48 | €48,096 | €51,928 | +€3,832 | +8.0% |
| Accrued charges and deferred income | 492/3 | €3,312 | €2,980 | -€332 | -10.0% |
| Remuneration, social security and pensions | 62 | €135,476 | €99,462 | -€36,014 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,207 | €23,828 | -€9,379 | -28.2% |
| Other operating charges | 640/8 | €2,505 | €1,897 | -€608 | -24.3% |
| Gross operating margin | 9900 | €157,299 | €135,669 | -€21,630 | -13.8% |
| Operating profit (loss) | 9901 | -€13,889 | €10,482 | +€24,371 | |
| Financial income | 75/76B | €4,971 | €8,182 | +€3,211 | +64.6% |
| Recurring financial income | 75 | €170 | €189 | +€19 | +11.2% |
| Non-recurring financial income | 76B | €4,801 | €7,993 | +€3,192 | +66.5% |
| Financial charges | 65/66B | €4,872 | €4,382 | -€490 | -10.1% |
| Recurring financial charges | 65 | €4,572 | €3,934 | -€638 | -14.0% |
| Non-recurring financial charges | 66B | €300 | €448 | +€148 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,790 | €14,282 | +€28,072 | |
| Income taxes | 67/77 | €693 | €3,588 | +€2,895 | +417.7% |
| Profit (loss) for the period | 9904 | -€14,483 | €10,694 | +€25,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,483 | €10,694 | +€25,177 |
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 11 October 2026 via checked.be.