CHEN GARDEN: 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 GARDEN
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-13.5%), from €73,945 to €63,945
- Cash -€7,888
down €7,888 (-43.9%), from €17,974 to €10,086
mainly Other debts (-€51,587) and Investment in fixed assets (net) (-€5,000)
- Receivables within one year -€4,975
down €4,975 (-50.6%), from €9,826 to €4,851
of which Trade receivables: -€4,147
- Other debts -€51,587
down €51,587 (-48.5%), from €106,270 to €54,683
- Profit (loss) carried forward +€32,153
up €32,153, from -€13,738 to €18,415
- Tax, wage and social debts -€2,139
down €2,139 (-15.6%), from €13,720 to €11,580
of which Remuneration and social security: -€6,950
- Gross operating margin +€38,963
up €38,963 (+89.9%), from €43,364 to €82,327
- Staff costs +€12,210
up €12,210 (+72.8%), from €16,769 to €28,980
- Taxes +€4,031
new in 2025: €4,031
- Other operating charges -€855
down €855 (-30.5%), from €2,802 to €1,947
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 | €140,471 | €118,598 | -€21,873 | -15.6% |
| Fixed assets | 21/28 | €110,936 | €100,883 | -€10,053 | -9.1% |
| Intangible fixed assets | 21 | €73,945 | €63,945 | -€10,000 | -13.5% |
| Tangible fixed assets | 22/27 | €17,190 | €17,138 | -€53 | -0.3% |
| Plant, machinery and equipment | 23 | €3,835 | €2,721 | -€1,114 | -29.1% |
| Furniture and vehicles | 24 | €796 | €5,028 | +€4,232 | +531.6% |
| Other tangible fixed assets | 26 | €12,559 | €9,389 | -€3,170 | -25.2% |
| Financial fixed assets | 28 | €19,800 | €19,800 | = | 0.0% |
| Current assets | 29/58 | €29,536 | €17,715 | -€11,821 | -40.0% |
| Stocks and contracts in progress | 3 | €1,147 | €2,073 | +€926 | +80.7% |
| Stocks | 30/36 | €1,147 | €2,073 | +€926 | +80.7% |
| Amounts receivable within one year | 40/41 | €9,826 | €4,851 | -€4,975 | -50.6% |
| Trade receivables | 40 | €8,759 | €4,612 | -€4,147 | -47.3% |
| Other amounts receivable | 41 | €1,067 | €239 | -€828 | -77.6% |
| Cash at bank and in hand | 54/58 | €17,974 | €10,086 | -€7,888 | -43.9% |
| Deferred charges and accrued income | 490/1 | €589 | €705 | +€116 | +19.7% |
| Total equity and liabilities | 10/49 | €140,471 | €118,598 | -€21,873 | -15.6% |
| Equity | 10/15 | -€8,738 | €23,415 | +€32,153 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,738 | €18,415 | +€32,153 | |
| Amounts payable | 17/49 | €149,209 | €95,183 | -€54,027 | -36.2% |
| Amounts payable within one year | 42/48 | €145,769 | €91,743 | -€54,027 | -37.1% |
| Trade debts | 44 | €25,780 | €25,480 | -€300 | -1.2% |
| Suppliers | 440/4 | €25,780 | €25,480 | -€300 | -1.2% |
| Taxes, remuneration and social security | 45 | €13,720 | €11,580 | -€2,139 | -15.6% |
| Taxes | 450/3 | €1,873 | €6,683 | +€4,810 | +256.8% |
| Remuneration and social security | 454/9 | €11,847 | €4,897 | -€6,950 | -58.7% |
| Other amounts payable | 47/48 | €106,270 | €54,683 | -€51,587 | -48.5% |
| Accrued charges and deferred income | 492/3 | €3,440 | €3,440 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,769 | €28,980 | +€12,210 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,535 | €15,053 | +€518 | +3.6% |
| Other operating charges | 640/8 | €2,802 | €1,947 | -€855 | -30.5% |
| Gross operating margin | 9900 | €43,364 | €82,327 | +€38,963 | +89.9% |
| Operating profit (loss) | 9901 | €9,258 | €36,348 | +€27,090 | +292.6% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €592 | €164 | -€428 | -72.3% |
| Recurring financial charges | 65 | €592 | €164 | -€428 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €8,676 | €36,184 | +€27,508 | +317.1% |
| Income taxes | 67/77 | - | €4,031 | +€4,031 | |
| Profit (loss) for the period | 9904 | €8,676 | €32,153 | +€23,477 | +270.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,676 | €32,153 | +€23,477 | +270.6% |
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 8 October 2026 via checked.be.