CHEFA: 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.
CHEFA
Largest movements
- Receivables within one year -€21,278
no longer reported in 2025 (was €21,278)
of which Trade receivables: -€19,902
- Other debts +€101,343
up €101,343 (+490%), from €20,669 to €122,012
- Debts after one year -€90,102
down €90,102 (-11.8%), from €764,448 to €674,346
- Profit (loss) carried forward -€24,403
down €24,403 (-4.1%), from €593,857 to €569,454
- Financial income -€60,000
no longer reported in 2025 (was €60,000)
- Gross operating margin +€7,863
up €7,863 (+7.3%), from €107,936 to €115,799
- Taxes +€1,910
up €1,910 (+10.3%), from €18,579 to €20,489
- Financial charges -€1,511
down €1,511 (-10.0%), from €15,065 to €13,554
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 | €1,550,671 | €1,533,265 | -€17,407 | -1.1% |
| Fixed assets | 21/28 | €1,517,151 | €1,512,813 | -€4,338 | -0.3% |
| Tangible fixed assets | 22/27 | €7,033 | €2,695 | -€4,338 | -61.7% |
| Furniture and vehicles | 24 | €7,033 | €2,695 | -€4,338 | -61.7% |
| Financial fixed assets | 28 | €1,510,118 | €1,510,118 | = | 0.0% |
| Current assets | 29/58 | €33,520 | €20,452 | -€13,068 | -39.0% |
| Amounts receivable within one year | 40/41 | €21,278 | - | -€21,278 | |
| Trade receivables | 40 | €19,902 | - | -€19,902 | |
| Other amounts receivable | 41 | €1,376 | - | -€1,376 | |
| Cash at bank and in hand | 54/58 | €12,242 | €20,452 | +€8,209 | +67.1% |
| Total equity and liabilities | 10/49 | €1,550,671 | €1,533,265 | -€17,407 | -1.1% |
| Equity | 10/15 | €659,857 | €635,454 | -€24,403 | -3.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €593,857 | €569,454 | -€24,403 | -4.1% |
| Amounts payable | 17/49 | €890,814 | €897,810 | +€6,996 | +0.8% |
| Amounts payable after more than one year | 17 | €764,448 | €674,346 | -€90,102 | -11.8% |
| Financial debts | 170/4 | €764,448 | €674,346 | -€90,102 | -11.8% |
| Amounts payable within one year | 42/48 | €125,176 | €222,397 | +€97,220 | +77.7% |
| Current portion of amounts payable after more than one year | 42 | €95,939 | €97,543 | +€1,604 | +1.7% |
| Trade debts | 44 | €3,733 | €2,130 | -€1,603 | -42.9% |
| Suppliers | 440/4 | €3,733 | €2,130 | -€1,603 | -42.9% |
| Taxes, remuneration and social security | 45 | €4,836 | €712 | -€4,124 | -85.3% |
| Taxes | 450/3 | €148 | €687 | +€539 | +364% |
| Remuneration and social security | 454/9 | €4,687 | €24 | -€4,663 | -99.5% |
| Other amounts payable | 47/48 | €20,669 | €122,012 | +€101,343 | +490% |
| Accrued charges and deferred income | 492/3 | €1,190 | €1,068 | -€122 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,338 | €4,338 | = | 0.0% |
| Other operating charges | 640/8 | €2,517 | €1,820 | -€697 | -27.7% |
| Gross operating margin | 9900 | €107,936 | €115,799 | +€7,863 | +7.3% |
| Operating profit (loss) | 9901 | €101,080 | €109,640 | +€8,560 | +8.5% |
| Financial income | 75/76B | €60,000 | - | -€60,000 | |
| Recurring financial income | 75 | €60,000 | - | -€60,000 | |
| Financial charges | 65/66B | €15,065 | €13,554 | -€1,511 | -10.0% |
| Recurring financial charges | 65 | €15,065 | €13,554 | -€1,511 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €146,015 | €96,086 | -€49,929 | -34.2% |
| Income taxes | 67/77 | €18,579 | €20,489 | +€1,910 | +10.3% |
| Profit (loss) for the period | 9904 | €127,436 | €75,597 | -€51,839 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €127,436 | €75,597 | -€51,839 | -40.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.