CHDM: 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.
CHDM
Largest movements
- Cash +€28,283
up €28,283 (+26.9%), from €105,293 to €133,576
mainly Depreciation (+€30,644) and Net result for the year (+€27,557)
- Tangible fixed assets -€26,209
down €26,209 (-8.6%), from €304,086 to €277,877
of which Land and buildings: -€17,686
- Reserves +€27,557
up €27,557 (+17.7%), from €155,957 to €183,514
of which Distributable reserves: +€27,557
- Debts after one year -€17,355
down €17,355 (-12.7%), from €136,346 to €118,990
- Accrued charges and deferred income -€12,602
down €12,602 (-19.3%), from €65,446 to €52,844
- Tax, wage and social debts +€6,785
up €6,785 (+77.0%), from €8,809 to €15,594
- Gross operating margin +€27,849
up €27,849 (+61.6%), from €45,231 to €73,080
- Taxes +€6,894
up €6,894 (+225.0%), from €3,064 to €9,957
- Depreciation +€3,876
up €3,876 (+14.5%), from €26,768 to €30,644
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 | €420,057 | €421,529 | +€1,472 | +0.4% |
| Fixed assets | 21/28 | €304,086 | €277,877 | -€26,209 | -8.6% |
| Tangible fixed assets | 22/27 | €304,086 | €277,877 | -€26,209 | -8.6% |
| Land and buildings | 22 | €267,352 | €249,666 | -€17,686 | -6.6% |
| Furniture and vehicles | 24 | €36,734 | €28,211 | -€8,523 | -23.2% |
| Current assets | 29/58 | €115,971 | €143,652 | +€27,681 | +23.9% |
| Amounts receivable within one year | 40/41 | €8,235 | €8,544 | +€309 | +3.8% |
| Trade receivables | 40 | €8,235 | €4,000 | -€4,235 | -51.4% |
| Other amounts receivable | 41 | €0 | €4,544 | +€4,544 | |
| Cash at bank and in hand | 54/58 | €105,293 | €133,576 | +€28,283 | +26.9% |
| Deferred charges and accrued income | 490/1 | €2,443 | €1,532 | -€911 | -37.3% |
| Total equity and liabilities | 10/49 | €420,057 | €421,529 | +€1,472 | +0.4% |
| Equity | 10/15 | €168,357 | €195,914 | +€27,557 | +16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €155,957 | €183,514 | +€27,557 | +17.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €154,097 | €181,654 | +€27,557 | +17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €251,701 | €225,615 | -€26,085 | -10.4% |
| Amounts payable after more than one year | 17 | €136,346 | €118,990 | -€17,355 | -12.7% |
| Financial debts | 170/4 | €136,346 | €118,990 | -€17,355 | -12.7% |
| Amounts payable within one year | 42/48 | €49,909 | €53,781 | +€3,872 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €17,050 | €17,355 | +€305 | +1.8% |
| Trade debts | 44 | €1,003 | €1,331 | +€328 | +32.7% |
| Suppliers | 440/4 | €1,003 | €1,331 | +€328 | +32.7% |
| Taxes, remuneration and social security | 45 | €8,809 | €15,594 | +€6,785 | +77.0% |
| Taxes | 450/3 | €8,809 | €15,594 | +€6,785 | +77.0% |
| Other amounts payable | 47/48 | €23,046 | €19,500 | -€3,546 | -15.4% |
| Accrued charges and deferred income | 492/3 | €65,446 | €52,844 | -€12,602 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,768 | €30,644 | +€3,876 | +14.5% |
| Other operating charges | 640/8 | €2,024 | €2,260 | +€236 | +11.7% |
| Gross operating margin | 9900 | €45,231 | €73,080 | +€27,849 | +61.6% |
| Operating profit (loss) | 9901 | €16,439 | €40,176 | +€23,737 | +144.4% |
| Financial charges | 65/66B | €2,919 | €2,662 | -€258 | -8.8% |
| Recurring financial charges | 65 | €2,919 | €2,662 | -€258 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €13,520 | €37,515 | +€23,995 | +177.5% |
| Income taxes | 67/77 | €3,064 | €9,957 | +€6,894 | +225.0% |
| Profit (loss) for the period | 9904 | €10,457 | €27,557 | +€17,101 | +163.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,457 | €27,557 | +€17,101 | +163.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.