CHeC!: 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.
CHeC!
Largest movements
- Tangible fixed assets +€35,614
up €35,614 (+200%), from €17,781 to €53,396
of which Furniture and vehicles: +€43,406
- Receivables within one year -€18,783
down €18,783 (-26.3%), from €71,500 to €52,717
of which Trade receivables: -€12,258
- Cash +€12,220
up €12,220 (+67.1%), from €18,211 to €30,431
mainly Other debts (+€87,199) and Debts after one year (+€32,678)
- Reserves -€89,807
down €89,807 (-34.8%), from €257,764 to €167,957
- Other debts +€87,199
up €87,199 (+256,392%), from €34 to €87,233
- Debts after one year +€32,678
new in 2025: €32,678
- Tax, wage and social debts -€13,775
down €13,775 (-70.1%), from €19,658 to €5,883
- Current portion of long-term debt +€8,258
new in 2025: €8,258
- Gross operating margin +€10,697
up €10,697 (+29.3%), from €36,455 to €47,152
- Financial charges +€5,288
up €5,288 (+581%), from €910 to €6,198
- Taxes +€4,604
up €4,604 (+39.2%), from €11,755 to €16,360
- Depreciation +€2,280
up €2,280 (+24.3%), from €9,373 to €11,654
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 | €297,429 | €328,220 | +€30,791 | +10.4% |
| Fixed assets | 21/28 | €202,763 | €238,377 | +€35,614 | +17.6% |
| Tangible fixed assets | 22/27 | €17,781 | €53,396 | +€35,614 | +200% |
| Plant, machinery and equipment | 23 | €17,781 | €9,990 | -€7,791 | -43.8% |
| Furniture and vehicles | 24 | €0 | €43,406 | +€43,406 | |
| Financial fixed assets | 28 | €184,982 | €184,982 | = | 0.0% |
| Current assets | 29/58 | €94,665 | €89,842 | -€4,823 | -5.1% |
| Amounts receivable within one year | 40/41 | €71,500 | €52,717 | -€18,783 | -26.3% |
| Trade receivables | 40 | €56,993 | €44,735 | -€12,258 | -21.5% |
| Other amounts receivable | 41 | €14,507 | €7,982 | -€6,524 | -45.0% |
| Cash at bank and in hand | 54/58 | €18,211 | €30,431 | +€12,220 | +67.1% |
| Deferred charges and accrued income | 490/1 | €4,955 | €6,694 | +€1,739 | +35.1% |
| Total equity and liabilities | 10/49 | €297,429 | €328,220 | +€30,791 | +10.4% |
| Equity | 10/15 | €276,364 | €186,557 | -€89,807 | -32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €257,764 | €167,957 | -€89,807 | -34.8% |
| Distributable reserves | 133 | €257,764 | €167,957 | -€89,807 | -34.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,065 | €141,663 | +€120,598 | +573% |
| Amounts payable after more than one year | 17 | - | €32,678 | +€32,678 | |
| Financial debts | 170/4 | - | €32,678 | +€32,678 | |
| Amounts payable within one year | 42/48 | €21,065 | €108,984 | +€87,919 | +417% |
| Current portion of amounts payable after more than one year | 42 | - | €8,258 | +€8,258 | |
| Financial debts | 43 | - | €2,205 | +€2,205 | |
| Other loans | 439 | - | €2,205 | +€2,205 | |
| Trade debts | 44 | €1,373 | €5,405 | +€4,032 | +294% |
| Suppliers | 440/4 | €1,373 | €5,405 | +€4,032 | +294% |
| Taxes, remuneration and social security | 45 | €19,658 | €5,883 | -€13,775 | -70.1% |
| Taxes | 450/3 | €19,658 | €5,883 | -€13,775 | -70.1% |
| Other amounts payable | 47/48 | €34 | €87,233 | +€87,199 | +256,392% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,373 | €11,654 | +€2,280 | +24.3% |
| Other operating charges | 640/8 | €2,488 | €2,034 | -€454 | -18.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €36,455 | €47,152 | +€10,697 | +29.3% |
| Operating profit (loss) | 9901 | €24,593 | €33,464 | +€8,870 | +36.1% |
| Financial income | 75/76B | €152 | €68 | -€83 | -54.9% |
| Recurring financial income | 75 | €152 | €68 | -€83 | -54.9% |
| Financial charges | 65/66B | €910 | €6,198 | +€5,288 | +581% |
| Recurring financial charges | 65 | €910 | €6,198 | +€5,288 | +581% |
| Profit (loss) for the period before taxes | 9903 | €23,835 | €27,334 | +€3,498 | +14.7% |
| Income taxes | 67/77 | €11,755 | €16,360 | +€4,604 | +39.2% |
| Profit (loss) for the period | 9904 | €12,080 | €10,974 | -€1,106 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,080 | €10,974 | -€1,106 | -9.2% |
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 21 October 2026 via checked.be.