CheauD: 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.
CheauD
Largest movements
- Tangible fixed assets +€19,700
up €19,700 (+53.3%), from €36,995 to €56,695
of which Plant, machinery and equipment: +€22,900
- Cash -€14,715
down €14,715 (-75.4%), from €19,523 to €4,807
mainly Investment in fixed assets (net) (-€27,500) and Trade debts (-€14,437)
- Receivables within one year +€7,763
up €7,763 (+10.2%), from €76,058 to €83,821
of which Trade receivables: +€7,763
- Stocks and contracts +€2,000
up €2,000 (+400%), from €500 to €2,500
- Deferred charges and accrued income -€1,652
down €1,652 (-80.1%), from €2,063 to €411
- Other debts +€36,127
up €36,127 (+9,636%), from €375 to €36,502
- Trade debts -€14,437
down €14,437 (-26.0%), from €55,617 to €41,180
- Debts after one year -€12,264
down €12,264 (-30.5%), from €40,164 to €27,900
- Tax, wage and social debts +€1,939
up €1,939 (+31.6%), from €6,136 to €8,074
- Reserves +€1,607
up €1,607 (+474%), from €339 to €1,946
- Gross operating margin +€7,819
up €7,819 (+111%), from €7,068 to €14,887
- Depreciation +€5,795
up €5,795 (+289%), from €2,005 to €7,800
- Other operating charges +€940
up €940 (+46.3%), from €2,029 to €2,969
- Taxes -€214
down €214 (-34.5%), from €621 to €407
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 | €135,139 | €148,234 | +€13,095 | +9.7% |
| Fixed assets | 21/28 | €36,995 | €56,695 | +€19,700 | +53.3% |
| Tangible fixed assets | 22/27 | €36,995 | €56,695 | +€19,700 | +53.3% |
| Plant, machinery and equipment | 23 | €21,406 | €44,306 | +€22,900 | +107% |
| Furniture and vehicles | 24 | €15,589 | €12,389 | -€3,200 | -20.5% |
| Current assets | 29/58 | €98,144 | €91,539 | -€6,605 | -6.7% |
| Stocks and contracts in progress | 3 | €500 | €2,500 | +€2,000 | +400% |
| Stocks | 30/36 | €500 | €2,500 | +€2,000 | +400% |
| Amounts receivable within one year | 40/41 | €76,058 | €83,821 | +€7,763 | +10.2% |
| Trade receivables | 40 | €74,507 | €82,270 | +€7,763 | +10.4% |
| Other amounts receivable | 41 | €1,551 | €1,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,523 | €4,807 | -€14,715 | -75.4% |
| Deferred charges and accrued income | 490/1 | €2,063 | €411 | -€1,652 | -80.1% |
| Total equity and liabilities | 10/49 | €135,139 | €148,234 | +€13,095 | +9.7% |
| Equity | 10/15 | €5,339 | €6,946 | +€1,607 | +30.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €339 | €1,946 | +€1,607 | +474% |
| Distributable reserves | 133 | €339 | €1,946 | +€1,607 | +474% |
| Amounts payable | 17/49 | €129,800 | €141,288 | +€11,489 | +8.9% |
| Amounts payable after more than one year | 17 | €40,164 | €27,900 | -€12,264 | -30.5% |
| Financial debts | 170/4 | €40,164 | €27,900 | -€12,264 | -30.5% |
| Amounts payable within one year | 42/48 | €74,268 | €98,020 | +€23,753 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €12,140 | €12,264 | +€124 | +1.0% |
| Trade debts | 44 | €55,617 | €41,180 | -€14,437 | -26.0% |
| Suppliers | 440/4 | €55,617 | €41,180 | -€14,437 | -26.0% |
| Taxes, remuneration and social security | 45 | €6,136 | €8,074 | +€1,939 | +31.6% |
| Taxes | 450/3 | €6,136 | €8,074 | +€1,939 | +31.6% |
| Other amounts payable | 47/48 | €375 | €36,502 | +€36,127 | +9,636% |
| Accrued charges and deferred income | 492/3 | €15,368 | €15,368 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €7,800 | +€5,795 | +289% |
| Other operating charges | 640/8 | €2,029 | €2,969 | +€940 | +46.3% |
| Gross operating margin | 9900 | €7,068 | €14,887 | +€7,819 | +111% |
| Operating profit (loss) | 9901 | €3,034 | €4,118 | +€1,084 | +35.7% |
| Financial income | 75/76B | €153 | €150 | -€2 | -1.4% |
| Recurring financial income | 75 | €153 | €150 | -€2 | -1.4% |
| Financial charges | 65/66B | €2,226 | €2,255 | +€29 | +1.3% |
| Recurring financial charges | 65 | €2,226 | €2,255 | +€29 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €960 | €2,014 | +€1,054 | +110% |
| Income taxes | 67/77 | €621 | €407 | -€214 | -34.5% |
| Profit (loss) for the period | 9904 | €339 | €1,607 | +€1,268 | +374% |
| Profit (loss) for the period to be appropriated | 9905 | €339 | €1,607 | +€1,268 | +374% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.