CHEN Consulting: 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.
CHEN Consulting
Largest movements
- Current investments +€34,154
new in 2025: €34,154
- Cash -€30,933
down €30,933 (-27.4%), from €112,896 to €81,963
mainly Contributions, distributions and other (-€131,000) and Current investments (-€34,154)
- Receivables within one year +€27,330
up €27,330 (+48.9%), from €55,841 to €83,171
of which Other amounts receivable: +€16,159
- Deferred charges and accrued income -€4,139
down €4,139 (-21.8%), from €18,980 to €14,841
- Trade debts +€36,289
up €36,289 (+154.1%), from €23,544 to €59,832
- Profit (loss) carried forward -€32,581
down €32,581 (-97.4%), from €33,444 to €864
- Other debts +€24,269
up €24,269 (+27.7%), from €87,760 to €112,029
- Staff costs +€36,149
up €36,149 (+27.6%), from €130,912 to €167,061
- Gross operating margin +€23,794
up €23,794 (+8.3%), from €285,749 to €309,543
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 | €197,227 | €222,232 | +€25,006 | +12.7% |
| Fixed assets | 21/28 | €9,509 | €8,104 | -€1,405 | -14.8% |
| Intangible fixed assets | 21 | - | €239 | +€239 | |
| Tangible fixed assets | 22/27 | €9,509 | €7,865 | -€1,644 | -17.3% |
| Furniture and vehicles | 24 | €9,509 | €7,865 | -€1,644 | -17.3% |
| Current assets | 29/58 | €187,718 | €214,128 | +€26,411 | +14.1% |
| Amounts receivable within one year | 40/41 | €55,841 | €83,171 | +€27,330 | +48.9% |
| Trade receivables | 40 | €48,441 | €59,611 | +€11,171 | +23.1% |
| Other amounts receivable | 41 | €7,401 | €23,560 | +€16,159 | +218.3% |
| Current investments | 50/53 | - | €34,154 | +€34,154 | |
| Cash at bank and in hand | 54/58 | €112,896 | €81,963 | -€30,933 | -27.4% |
| Deferred charges and accrued income | 490/1 | €18,980 | €14,841 | -€4,139 | -21.8% |
| Total equity and liabilities | 10/49 | €197,227 | €222,232 | +€25,006 | +12.7% |
| Equity | 10/15 | €33,445 | €865 | -€32,581 | -97.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €33,444 | €864 | -€32,581 | -97.4% |
| Amounts payable | 17/49 | €163,781 | €221,368 | +€57,587 | +35.2% |
| Amounts payable within one year | 42/48 | €163,781 | €221,368 | +€57,587 | +35.2% |
| Financial debts | 43 | €860 | €0 | -€860 | -100.0% |
| Credit institutions | 430/8 | €860 | €0 | -€860 | -100.0% |
| Trade debts | 44 | €23,544 | €59,832 | +€36,289 | +154.1% |
| Suppliers | 440/4 | €23,544 | €59,832 | +€36,289 | +154.1% |
| Taxes, remuneration and social security | 45 | €51,617 | €49,507 | -€2,111 | -4.1% |
| Taxes | 450/3 | €17,351 | €23,158 | +€5,807 | +33.5% |
| Remuneration and social security | 454/9 | €34,266 | €26,349 | -€7,917 | -23.1% |
| Other amounts payable | 47/48 | €87,760 | €112,029 | +€24,269 | +27.7% |
| Remuneration, social security and pensions | 62 | €130,912 | €167,061 | +€36,149 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,929 | €5,063 | -€866 | -14.6% |
| Other operating charges | 640/8 | €502 | €813 | +€311 | +62.0% |
| Gross operating margin | 9900 | €285,749 | €309,543 | +€23,794 | +8.3% |
| Operating profit (loss) | 9901 | €148,407 | €136,607 | -€11,800 | -8.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +133.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +133.3% |
| Financial charges | 65/66B | €2,633 | €2,962 | +€329 | +12.5% |
| Recurring financial charges | 65 | €2,633 | €2,962 | +€329 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €145,774 | €133,644 | -€12,129 | -8.3% |
| Income taxes | 67/77 | €33,009 | €35,225 | +€2,216 | +6.7% |
| Profit (loss) for the period | 9904 | €112,764 | €98,419 | -€14,345 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,764 | €98,419 | -€14,345 | -12.7% |
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 7 October 2026 via checked.be.