CHELU RENOV: 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.
CHELU RENOV
Largest movements
- Receivables within one year -€7,471
down €7,471 (-32.9%), from €22,686 to €15,215
of which Trade receivables: -€7,543
- Tangible fixed assets -€3,214
down €3,214 (-61.8%), from €5,203 to €1,990
of which Furniture and vehicles: -€2,984
- Cash +€1,941
up €1,941 (+18.4%), from €10,526 to €12,467
mainly Receivables within one year (+€7,471) and Depreciation (+€3,214)
- Trade debts -€5,496
down €5,496 (-58.3%), from €9,434 to €3,938
of which Bills of exchange payable: -€7,087
- Other debts -€2,006
no longer reported in 2025 (was €2,006)
- Tax, wage and social debts -€1,401
no longer reported in 2025 (was €1,401)
of which Remuneration and social security: -€1,050
- Turnover +€21,772
up €21,772 (+51.9%), from €41,950 to €63,722
- Purchases and services +€19,931
up €19,931 (+51.9%), from €38,365 to €58,296
- Depreciation +€1,990
up €1,990 (+162.5%), from €1,224 to €3,214
- Gross operating margin +€1,841
up €1,841 (+51.4%), from €3,585 to €5,426
- Other operating charges +€1,668
up €1,668 (+530.1%), from €315 to €1,982
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 | €38,415 | €29,671 | -€8,744 | -22.8% |
| Fixed assets | 21/28 | €5,203 | €1,990 | -€3,214 | -61.8% |
| Tangible fixed assets | 22/27 | €5,203 | €1,990 | -€3,214 | -61.8% |
| Plant, machinery and equipment | 23 | €229 | - | -€229 | |
| Furniture and vehicles | 24 | €4,974 | €1,990 | -€2,984 | -60.0% |
| Current assets | 29/58 | €33,212 | €27,682 | -€5,530 | -16.7% |
| Amounts receivable within one year | 40/41 | €22,686 | €15,215 | -€7,471 | -32.9% |
| Trade receivables | 40 | €22,588 | €15,045 | -€7,543 | -33.4% |
| Other amounts receivable | 41 | €98 | €170 | +€72 | +73.3% |
| Cash at bank and in hand | 54/58 | €10,526 | €12,467 | +€1,941 | +18.4% |
| Total equity and liabilities | 10/49 | €38,415 | €29,671 | -€8,744 | -22.8% |
| Equity | 10/15 | €25,575 | €25,733 | +€158 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,375 | €19,533 | +€158 | +0.8% |
| Amounts payable | 17/49 | €12,840 | €3,938 | -€8,902 | -69.3% |
| Amounts payable within one year | 42/48 | €12,840 | €3,938 | -€8,902 | -69.3% |
| Trade debts | 44 | €9,434 | €3,938 | -€5,496 | -58.3% |
| Suppliers | 440/4 | €109 | €1,700 | +€1,591 | +1457.3% |
| Bills of exchange payable | 441 | €9,325 | €2,238 | -€7,087 | -76.0% |
| Taxes, remuneration and social security | 45 | €1,401 | - | -€1,401 | |
| Taxes | 450/3 | €351 | - | -€351 | |
| Remuneration and social security | 454/9 | €1,050 | - | -€1,050 | |
| Other amounts payable | 47/48 | €2,006 | - | -€2,006 | |
| Turnover | 70 | €41,950 | €63,722 | +€21,772 | +51.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,365 | €58,296 | +€19,931 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,224 | €3,214 | +€1,990 | +162.5% |
| Other operating charges | 640/8 | €315 | €1,982 | +€1,668 | +530.1% |
| Gross operating margin | 9900 | €3,585 | €5,426 | +€1,841 | +51.4% |
| Operating profit (loss) | 9901 | €2,046 | €230 | -€1,816 | -88.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €467 | €72 | -€395 | -84.6% |
| Recurring financial charges | 65 | €467 | €72 | -€395 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €1,578 | €158 | -€1,421 | -90.0% |
| Income taxes | 67/77 | €351 | -€0 | -€351 | |
| Profit (loss) for the period | 9904 | €1,228 | €158 | -€1,070 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,228 | €158 | -€1,070 | -87.1% |
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 10 October 2026 via checked.be.