CHELEF GROUPS: 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.
CHELEF GROUPS
Largest movements
- Cash -€38,709
down €38,709 (-73.4%), from €52,717 to €14,008
mainly Investment in fixed assets (net) (-€28,113) and Other debts (-€28,000)
- Receivables within one year -€20,061
down €20,061 (-37.4%), from €53,576 to €33,515
of which Trade receivables: -€32,267
- Tangible fixed assets +€10,660
up €10,660 (+42.7%), from €24,966 to €35,626
of which Plant, machinery and equipment: +€20,218
- Other debts -€28,000
no longer reported in 2025 (was €28,000)
- Tax, wage and social debts -€24,198
down €24,198 (-85.6%), from €28,254 to €4,056
of which Taxes: -€20,198
- Profit (loss) carried forward +€13,620
up €13,620 (+31.6%), from €43,076 to €56,696
- Trade debts -€5,258
down €5,258 (-35.0%), from €15,007 to €9,749
- Debts after one year -€4,118
down €4,118 (-57.6%), from €7,147 to €3,029
- Gross operating margin -€33,209
down €33,209 (-45.6%), from €72,854 to €39,645
- Taxes -€8,130
down €8,130 (-66.3%), from €12,254 to €4,124
- Other operating charges -€4,086
down €4,086 (-71.7%), from €5,695 to €1,609
- Depreciation +€1,269
up €1,269 (+7.8%), from €16,184 to €17,453
- Financial charges +€1,018
up €1,018 (+50.4%), from €2,021 to €3,039
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 | €131,259 | €83,149 | -€48,110 | -36.7% |
| Fixed assets | 21/28 | €24,966 | €35,626 | +€10,660 | +42.7% |
| Tangible fixed assets | 22/27 | €24,966 | €35,626 | +€10,660 | +42.7% |
| Plant, machinery and equipment | 23 | €526 | €20,744 | +€20,218 | +3,844% |
| Furniture and vehicles | 24 | €12,288 | €7,758 | -€4,530 | -36.9% |
| Leasing and similar rights | 25 | €12,152 | €7,124 | -€5,028 | -41.4% |
| Current assets | 29/58 | €106,293 | €47,523 | -€58,770 | -55.3% |
| Amounts receivable within one year | 40/41 | €53,576 | €33,515 | -€20,061 | -37.4% |
| Trade receivables | 40 | €48,346 | €16,079 | -€32,267 | -66.7% |
| Other amounts receivable | 41 | €5,230 | €17,436 | +€12,206 | +233% |
| Cash at bank and in hand | 54/58 | €52,717 | €14,008 | -€38,709 | -73.4% |
| Total equity and liabilities | 10/49 | €131,259 | €83,149 | -€48,110 | -36.7% |
| Equity | 10/15 | €48,576 | €62,196 | +€13,620 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,076 | €56,696 | +€13,620 | +31.6% |
| Amounts payable | 17/49 | €82,683 | €20,953 | -€61,730 | -74.7% |
| Amounts payable after more than one year | 17 | €7,147 | €3,029 | -€4,118 | -57.6% |
| Financial debts | 170/4 | €7,147 | €3,029 | -€4,118 | -57.6% |
| Amounts payable within one year | 42/48 | €75,536 | €17,924 | -€57,612 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €4,275 | €4,119 | -€156 | -3.6% |
| Trade debts | 44 | €15,007 | €9,749 | -€5,258 | -35.0% |
| Suppliers | 440/4 | €15,007 | €9,749 | -€5,258 | -35.0% |
| Taxes, remuneration and social security | 45 | €28,254 | €4,056 | -€24,198 | -85.6% |
| Taxes | 450/3 | €24,254 | €4,056 | -€20,198 | -83.3% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €28,000 | - | -€28,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,184 | €17,453 | +€1,269 | +7.8% |
| Other operating charges | 640/8 | €5,695 | €1,609 | -€4,086 | -71.7% |
| Gross operating margin | 9900 | €72,854 | €39,645 | -€33,209 | -45.6% |
| Operating profit (loss) | 9901 | €50,975 | €20,583 | -€30,392 | -59.6% |
| Financial income | 75/76B | - | €200 | +€200 | |
| Recurring financial income | 75 | - | €200 | +€200 | |
| Financial charges | 65/66B | €2,021 | €3,039 | +€1,018 | +50.4% |
| Recurring financial charges | 65 | €2,021 | €3,039 | +€1,018 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €48,954 | €17,744 | -€31,210 | -63.8% |
| Income taxes | 67/77 | €12,254 | €4,124 | -€8,130 | -66.3% |
| Profit (loss) for the period | 9904 | €36,700 | €13,620 | -€23,080 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,700 | €13,620 | -€23,080 | -62.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.