CHEFNEUX: 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.
CHEFNEUX
Largest movements
- Tangible fixed assets +€9,169
up €9,169 (+194%), from €4,719 to €13,888
of which Other tangible fixed assets: +€7,426
- Receivables within one year +€5,785
up €5,785 (+2.0%), from €294,172 to €299,957
of which Other amounts receivable: +€5,785
- Reserves +€10,000
up €10,000 (+16.8%), from €59,460 to €69,460
- Short-term financial debts -€6,371
down €6,371 (-38.7%), from €16,472 to €10,101
- Tax, wage and social debts +€4,962
up €4,962 (+19.7%), from €25,200 to €30,162
- Trade debts +€3,493
up €3,493 (+200%), from €1,750 to €5,243
- Gross operating margin -€11,379
down €11,379 (-28.2%), from €40,385 to €29,006
- Financial charges +€4,863
up €4,863 (+219%), from €2,219 to €7,082
of which Financial charges: +€4,937
- Taxes -€2,725
down €2,725 (-28.9%), from €9,435 to €6,710
- Depreciation +€1,120
up €1,120 (+220%), from €510 to €1,630
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 | €299,249 | €314,445 | +€15,196 | +5.1% |
| Fixed assets | 21/28 | €4,719 | €13,888 | +€9,169 | +194% |
| Tangible fixed assets | 22/27 | €4,719 | €13,888 | +€9,169 | +194% |
| Furniture and vehicles | 24 | €4,719 | €6,462 | +€1,743 | +36.9% |
| Other tangible fixed assets | 26 | - | €7,426 | +€7,426 | |
| Current assets | 29/58 | €294,530 | €300,557 | +€6,027 | +2.0% |
| Amounts receivable within one year | 40/41 | €294,172 | €299,957 | +€5,785 | +2.0% |
| Trade receivables | 40 | €15,550 | €15,550 | = | 0.0% |
| Other amounts receivable | 41 | €278,622 | €284,407 | +€5,785 | +2.1% |
| Cash at bank and in hand | 54/58 | €163 | - | -€163 | |
| Deferred charges and accrued income | 490/1 | €195 | €600 | +€405 | +208% |
| Total equity and liabilities | 10/49 | €299,249 | €314,445 | +€15,196 | +5.1% |
| Equity | 10/15 | €253,373 | €266,459 | +€13,086 | +5.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,460 | €69,460 | +€10,000 | +16.8% |
| Distributable reserves | 133 | €59,460 | €69,460 | +€10,000 | +16.8% |
| Profit (loss) carried forward | 14 | €181,513 | €184,599 | +€3,086 | +1.7% |
| Amounts payable | 17/49 | €45,876 | €47,986 | +€2,110 | +4.6% |
| Amounts payable within one year | 42/48 | €43,422 | €45,506 | +€2,084 | +4.8% |
| Financial debts | 43 | €16,472 | €10,101 | -€6,371 | -38.7% |
| Credit institutions | 430/8 | €16,472 | €10,101 | -€6,371 | -38.7% |
| Trade debts | 44 | €1,750 | €5,243 | +€3,493 | +200% |
| Suppliers | 440/4 | €1,750 | €5,243 | +€3,493 | +200% |
| Taxes, remuneration and social security | 45 | €25,200 | €30,162 | +€4,962 | +19.7% |
| Taxes | 450/3 | €25,200 | €30,162 | +€4,962 | +19.7% |
| Accrued charges and deferred income | 492/3 | €2,454 | €2,480 | +€26 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €1,630 | +€1,120 | +220% |
| Other operating charges | 640/8 | €500 | €498 | -€2 | -0.4% |
| Gross operating margin | 9900 | €40,385 | €29,006 | -€11,379 | -28.2% |
| Operating profit (loss) | 9901 | €39,375 | €26,878 | -€12,497 | -31.7% |
| Financial charges | 65/66B | €2,219 | €7,082 | +€4,863 | +219% |
| Recurring financial charges | 65 | €2,145 | €7,082 | +€4,937 | +230% |
| Non-recurring financial charges | 66B | €74 | - | -€74 | |
| Profit (loss) for the period before taxes | 9903 | €37,156 | €19,796 | -€17,360 | -46.7% |
| Income taxes | 67/77 | €9,435 | €6,710 | -€2,725 | -28.9% |
| Profit (loss) for the period | 9904 | €27,721 | €13,086 | -€14,635 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,721 | €13,086 | -€14,635 | -52.8% |
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 14 October 2026 via checked.be.