Chelona: 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.
Chelona
Largest movements
- Tangible fixed assets -€295,180
down €295,180 (-98.3%), from €300,148 to €4,968
of which Land and buildings: -€292,719
- Receivables within one year +€105,776
up €105,776 (+212%), from €49,961 to €155,737
of which Trade receivables: +€93,001
- Cash +€49,859
up €49,859 (+200%), from €24,991 to €74,851
mainly Investment in fixed assets (net) (+€292,719) and Other debts (+€147,685)
- Deferred charges and accrued income -€25,203
down €25,203 (-74.2%), from €33,950 to €8,748
- Other debts +€147,685
up €147,685 (+1,151%), from €12,826 to €160,511
- Reserves -€102,980
down €102,980 (-100%), from €102,980 to €0
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Debts after one year -€70,242
down €70,242 (-100%), from €70,242 to €0
- Current portion of long-term debt -€34,496
down €34,496 (-100%), from €34,496 to €0
- Gross operating margin -€44,296
down €44,296 (-29.0%), from €152,605 to €108,309
- Taxes -€14,781
down €14,781 (-42.2%), from €35,005 to €20,224
- Depreciation -€8,842
down €8,842 (-78.2%), from €11,303 to €2,461
- Financial charges +€6,085
up €6,085 (+136%), from €4,465 to €10,550
- Financial income -€1,693
down €1,693 (-99.9%), from €1,695 to €2
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 | €409,050 | €244,303 | -€164,747 | -40.3% |
| Fixed assets | 21/28 | €300,148 | €4,968 | -€295,180 | -98.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €300,148 | €4,968 | -€295,180 | -98.3% |
| Land and buildings | 22 | €292,719 | €0 | -€292,719 | -100% |
| Furniture and vehicles | 24 | €7,429 | €4,968 | -€2,461 | -33.1% |
| Current assets | 29/58 | €108,903 | €239,336 | +€130,433 | +120% |
| Amounts receivable within one year | 40/41 | €49,961 | €155,737 | +€105,776 | +212% |
| Trade receivables | 40 | €49,961 | €142,962 | +€93,001 | +186% |
| Other amounts receivable | 41 | - | €12,776 | +€12,776 | |
| Cash at bank and in hand | 54/58 | €24,991 | €74,851 | +€49,859 | +200% |
| Deferred charges and accrued income | 490/1 | €33,950 | €8,748 | -€25,203 | -74.2% |
| Total equity and liabilities | 10/49 | €409,050 | €244,303 | -€164,747 | -40.3% |
| Equity | 10/15 | €121,580 | €18,600 | -€102,980 | -84.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,980 | €0 | -€102,980 | -100% |
| Distributable reserves | 133 | €102,980 | €0 | -€102,980 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €287,470 | €225,703 | -€61,767 | -21.5% |
| Amounts payable after more than one year | 17 | €70,242 | €0 | -€70,242 | -100% |
| Financial debts | 170/4 | €70,242 | €0 | -€70,242 | -100% |
| Amounts payable within one year | 42/48 | €217,228 | €225,703 | +€8,475 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €34,496 | €0 | -€34,496 | -100% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €29,273 | €9,092 | -€20,181 | -68.9% |
| Suppliers | 440/4 | €29,273 | €9,092 | -€20,181 | -68.9% |
| Advances received on contracts in progress | 46 | €1,600 | €0 | -€1,600 | -100% |
| Taxes, remuneration and social security | 45 | €39,033 | €56,101 | +€17,068 | +43.7% |
| Taxes | 450/3 | €39,033 | €56,101 | +€17,068 | +43.7% |
| Other amounts payable | 47/48 | €12,826 | €160,511 | +€147,685 | +1,151% |
| Non-recurring operating income | 76A | - | €144,419 | +€144,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,303 | €2,461 | -€8,842 | -78.2% |
| Other operating charges | 640/8 | €2,407 | €1,841 | -€566 | -23.5% |
| Gross operating margin | 9900 | €152,605 | €108,309 | -€44,296 | -29.0% |
| Operating profit (loss) | 9901 | €138,895 | €104,006 | -€34,888 | -25.1% |
| Financial income | 75/76B | €1,695 | €2 | -€1,693 | -99.9% |
| Recurring financial income | 75 | €1,695 | €2 | -€1,693 | -99.9% |
| Financial charges | 65/66B | €4,465 | €10,550 | +€6,085 | +136% |
| Recurring financial charges | 65 | €4,465 | €10,550 | +€6,085 | +136% |
| Profit (loss) for the period before taxes | 9903 | €136,125 | €93,459 | -€42,666 | -31.3% |
| Income taxes | 67/77 | €35,005 | €20,224 | -€14,781 | -42.2% |
| Profit (loss) for the period | 9904 | €101,120 | €73,235 | -€27,885 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €101,120 | €73,235 | -€27,885 | -27.6% |
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 30 October 2026 via checked.be.