Chembo: 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.
Chembo
Largest movements
- Cash -€51,435
down €51,435 (-27.2%), from €189,329 to €137,894
mainly Current investments (-€24,603) and Contributions, distributions and other (-€20,454)
- Current investments +€24,603
new in 2025: €24,603
- Tangible fixed assets -€4,246
down €4,246 (-10.0%), from €42,557 to €38,311
- Receivables within one year -€3,120
down €3,120 (-39.9%), from €7,826 to €4,706
- Reserves -€45,691
down €45,691 (-25.4%), from €179,606 to €133,915
of which Tax-exempt reserves: -€32,696
- Profit (loss) carried forward +€23,862
up €23,862 (+86.9%), from €27,458 to €51,321
- Provisions -€14,014
down €14,014 (-100%), from €14,014 to €0
- Taxes +€11,420
up €11,420 (+827%), from €1,380 to €12,800
- Other operating charges -€2,744
down €2,744 (-74.9%), from €3,665 to €922
- Gross operating margin +€1,676
up €1,676 (+50.7%), from €3,303 to €4,979
- Financial income -€1,160
down €1,160 (-25.5%), from €4,556 to €3,396
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 | €240,727 | €205,513 | -€35,214 | -14.6% |
| Fixed assets | 21/28 | €42,557 | €38,311 | -€4,246 | -10.0% |
| Tangible fixed assets | 22/27 | €42,557 | €38,311 | -€4,246 | -10.0% |
| Land and buildings | 22 | €42,557 | €38,311 | -€4,246 | -10.0% |
| Current assets | 29/58 | €198,170 | €167,202 | -€30,968 | -15.6% |
| Amounts receivable after more than one year | 29 | €1,016 | €0 | -€1,016 | -100% |
| Other amounts receivable | 291 | €1,016 | €0 | -€1,016 | -100% |
| Amounts receivable within one year | 40/41 | €7,826 | €4,706 | -€3,120 | -39.9% |
| Other amounts receivable | 41 | €7,826 | €4,706 | -€3,120 | -39.9% |
| Current investments | 50/53 | - | €24,603 | +€24,603 | |
| Cash at bank and in hand | 54/58 | €189,329 | €137,894 | -€51,435 | -27.2% |
| Total equity and liabilities | 10/49 | €240,727 | €205,513 | -€35,214 | -14.6% |
| Equity | 10/15 | €225,657 | €203,828 | -€21,829 | -9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €179,606 | €133,915 | -€45,691 | -25.4% |
| Tax-exempt reserves | 132 | €32,696 | €0 | -€32,696 | -100% |
| Distributable reserves | 133 | €146,911 | €133,915 | -€12,996 | -8.8% |
| Profit (loss) carried forward | 14 | €27,458 | €51,321 | +€23,862 | +86.9% |
| Provisions and deferred taxes | 16 | €14,014 | €0 | -€14,014 | -100% |
| Deferred taxes | 168 | €14,014 | €0 | -€14,014 | -100% |
| Amounts payable | 17/49 | €1,057 | €1,685 | +€629 | +59.5% |
| Amounts payable within one year | 42/48 | €1,057 | €1,685 | +€629 | +59.5% |
| Trade debts | 44 | €1,057 | €1,466 | +€409 | +38.7% |
| Suppliers | 440/4 | €1,057 | €1,466 | +€409 | +38.7% |
| Other amounts payable | 47/48 | - | €220 | +€220 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,248 | €4,246 | -€2 | 0.0% |
| Other operating charges | 640/8 | €3,665 | €922 | -€2,744 | -74.9% |
| Non-recurring operating charges | 66A | - | €5,701 | +€5,701 | |
| Gross operating margin | 9900 | €3,303 | €4,979 | +€1,676 | +50.7% |
| Operating profit (loss) | 9901 | -€4,610 | -€5,889 | -€1,279 | -27.8% |
| Financial income | 75/76B | €4,556 | €3,396 | -€1,160 | -25.5% |
| Recurring financial income | 75 | €4,556 | €3,396 | -€1,160 | -25.5% |
| Financial charges | 65/66B | €96 | €96 | = | 0.0% |
| Recurring financial charges | 65 | €96 | €96 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€149 | -€2,589 | -€2,440 | -1,635% |
| Transfer from deferred taxes | 780 | €1,673 | €14,014 | +€12,340 | +737% |
| Income taxes | 67/77 | €1,380 | €12,800 | +€11,420 | +827% |
| Profit (loss) for the period | 9904 | €144 | -€1,375 | -€1,519 | |
| Transfer from tax-exempt reserves | 789 | €3,904 | €32,696 | +€28,791 | +737% |
| Profit (loss) for the period to be appropriated | 9905 | €4,048 | €31,321 | +€27,272 | +674% |
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 17 October 2026 via checked.be.