CHEFFI: 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.
CHEFFI
Largest movements
- Receivables within one year -€17,258
no longer reported in 2025 (was €17,258)
- Debts after one year -€58,730
down €58,730 (-12.9%), from €456,234 to €397,504
- Reserves +€43,095
up €43,095 (+133.4%), from €32,313 to €75,407
- Gross operating margin +€4,548
up €4,548 (+5.0%), from €90,171 to €94,719
- Financial charges -€3,297
down €3,297 (-11.1%), from €29,787 to €26,490
- Taxes +€1,858
up €1,858 (+12.4%), from €14,947 to €16,806
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 | €847,740 | €834,326 | -€13,414 | -1.6% |
| Fixed assets | 21/28 | €817,540 | €815,270 | -€2,270 | -0.3% |
| Financial fixed assets | 28 | €817,540 | €815,270 | -€2,270 | -0.3% |
| Current assets | 29/58 | €30,200 | €19,056 | -€11,144 | -36.9% |
| Amounts receivable within one year | 40/41 | €17,258 | - | -€17,258 | |
| Trade receivables | 40 | €17,258 | - | -€17,258 | |
| Cash at bank and in hand | 54/58 | €12,942 | €19,056 | +€6,114 | +47.2% |
| Total equity and liabilities | 10/49 | €847,740 | €834,326 | -€13,414 | -1.6% |
| Equity | 10/15 | €82,907 | €131,837 | +€48,929 | +59.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €32,313 | €75,407 | +€43,095 | +133.4% |
| Distributable reserves | 133 | €32,313 | €75,407 | +€43,095 | +133.4% |
| Profit (loss) carried forward | 14 | €43,095 | €48,929 | +€5,835 | +13.5% |
| Amounts payable | 17/49 | €764,832 | €702,489 | -€62,343 | -8.2% |
| Amounts payable after more than one year | 17 | €456,234 | €397,504 | -€58,730 | -12.9% |
| Financial debts | 170/4 | €456,234 | €397,504 | -€58,730 | -12.9% |
| Amounts payable within one year | 42/48 | €300,078 | €297,675 | -€2,403 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €57,375 | €58,730 | +€1,355 | +2.4% |
| Trade debts | 44 | €1,135 | €1,095 | -€40 | -3.6% |
| Suppliers | 440/4 | €1,135 | €1,095 | -€40 | -3.6% |
| Taxes, remuneration and social security | 45 | €26,298 | €24,850 | -€1,448 | -5.5% |
| Taxes | 450/3 | €26,298 | €24,850 | -€1,448 | -5.5% |
| Other amounts payable | 47/48 | €215,270 | €213,000 | -€2,270 | -1.1% |
| Accrued charges and deferred income | 492/3 | €8,520 | €7,310 | -€1,210 | -14.2% |
| Remuneration, social security and pensions | 62 | €2,358 | €2,094 | -€264 | -11.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €90,171 | €94,719 | +€4,548 | +5.0% |
| Operating profit (loss) | 9901 | €87,814 | €92,225 | +€4,412 | +5.0% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €29,787 | €26,490 | -€3,297 | -11.1% |
| Recurring financial charges | 65 | €29,787 | €26,490 | -€3,297 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €58,042 | €65,735 | +€7,693 | +13.3% |
| Income taxes | 67/77 | €14,947 | €16,806 | +€1,858 | +12.4% |
| Profit (loss) for the period | 9904 | €43,095 | €48,929 | +€5,835 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,095 | €48,929 | +€5,835 | +13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.