CHELLA: 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.
CHELLA
Largest movements
- Deferred charges and accrued income -€34,830
no longer reported in 2025 (was €34,830)
- Tangible fixed assets -€7,238
down €7,238 (-15.6%), from €46,491 to €39,253
of which Land and buildings: -€6,938
- Tax, wage and social debts -€33,851
no longer reported in 2025 (was €33,851)
- Trade debts -€13,260
down €13,260 (-67.0%), from €19,783 to €6,523
- Reserves +€3,863
up €3,863 (+1.5%), from €254,358 to €258,221
of which Distributable reserves: +€3,863
- Gross operating margin -€103,102
down €103,102 (-72.2%), from €142,879 to €39,777
- Taxes -€34,247
down €34,247 (-78.1%), from €43,851 to €9,605
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 | €326,592 | €283,344 | -€43,248 | -13.2% |
| Fixed assets | 21/28 | €46,491 | €39,253 | -€7,238 | -15.6% |
| Tangible fixed assets | 22/27 | €46,491 | €39,253 | -€7,238 | -15.6% |
| Land and buildings | 22 | €45,363 | €38,425 | -€6,938 | -15.3% |
| Plant, machinery and equipment | 23 | €1,129 | €829 | -€300 | -26.6% |
| Current assets | 29/58 | €280,101 | €244,091 | -€36,010 | -12.9% |
| Amounts receivable within one year | 40/41 | €12,423 | €14,435 | +€2,011 | +16.2% |
| Other amounts receivable | 41 | €12,423 | €14,435 | +€2,011 | +16.2% |
| Cash at bank and in hand | 54/58 | €232,848 | €229,656 | -€3,192 | -1.4% |
| Deferred charges and accrued income | 490/1 | €34,830 | - | -€34,830 | |
| Total equity and liabilities | 10/49 | €326,592 | €283,344 | -€43,248 | -13.2% |
| Equity | 10/15 | €272,958 | €276,821 | +€3,863 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €254,358 | €258,221 | +€3,863 | +1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €252,498 | €256,361 | +€3,863 | +1.5% |
| Amounts payable | 17/49 | €53,634 | €6,523 | -€47,111 | -87.8% |
| Amounts payable within one year | 42/48 | €53,634 | €6,523 | -€47,111 | -87.8% |
| Trade debts | 44 | €19,783 | €6,523 | -€13,260 | -67.0% |
| Suppliers | 440/4 | €19,783 | €6,523 | -€13,260 | -67.0% |
| Taxes, remuneration and social security | 45 | €33,851 | - | -€33,851 | |
| Taxes | 450/3 | €33,851 | - | -€33,851 | |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €8,228 | +€355 | +4.5% |
| Other operating charges | 640/8 | €1,363 | €865 | -€497 | -36.5% |
| Gross operating margin | 9900 | €142,879 | €39,777 | -€103,102 | -72.2% |
| Operating profit (loss) | 9901 | €133,644 | €30,684 | -€102,960 | -77.0% |
| Financial charges | 65/66B | €768 | €680 | -€89 | -11.5% |
| Recurring financial charges | 65 | €768 | €680 | -€89 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €132,876 | €30,004 | -€102,872 | -77.4% |
| Income taxes | 67/77 | €43,851 | €9,605 | -€34,247 | -78.1% |
| Profit (loss) for the period | 9904 | €89,024 | €20,399 | -€68,625 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,024 | €20,399 | -€68,625 | -77.1% |
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 30 September 2026 via checked.be.