CHEN INVEST: what changed
What changed
CHEN INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€191,526
2024 · €161,939+€29,588
Equity
€1.1m
2024 · €883,653+€191,526
Cash
€34,633
2024 · €39,765-€5,131
Balance sheet total
€2.2m
2024 · €2.1m+€129,051
Largest movements
Assets
- Receivables within one year +€167,612
up €167,612 (+122%), from €137,603 to €305,215
- Tangible fixed assets -€33,077
down €33,077 (-2.5%), from €1.3m to €1.3m
of which Land and buildings: -€32,337
Equity and liabilities
- Reserves +€191,526
up €191,526 (+28.0%), from €683,653 to €875,180
- Debts after one year -€82,339
down €82,339 (-8.8%), from €933,824 to €851,485
of which Financial debts: -€82,339
Income statement
- Gross operating margin +€35,823
up €35,823 (+20.9%), from €171,658 to €207,481
- Taxes +€8,411
up €8,411 (+32.3%), from €26,070 to €34,480
- Depreciation -€6,193
down €6,193 (-15.8%), from €39,270 to €33,077
- Financial charges +€3,607
up €3,607 (+13.8%), from €26,123 to €29,730
- Other operating charges +€2,426
up €2,426 (+29.4%), from €8,257 to €10,683
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€161,939
Gross operating margin
+€35,823
Depreciation
+€6,193
Other operating charges
-€2,426
Financial income
+€2,015
Financial charges
-€3,607
Taxes
-€8,411
Result 2025
€191,526
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,873
Investment
€0
Financing
-€79,005
Cash 2024
€39,765
From operations (derived)
+€73,873
Net result for the year
+€191,526
Depreciation
+€33,077
Receivables within one year
-€167,612
Deferred charges and accrued income
+€352
Trade debts
+€2,877
Tax, wage and social debts
+€7,768
Other debts
+€10,590
Accrued charges and deferred income
-€4,705
Financing
-€79,005
Debts after one year
-€82,339
Current portion of long-term debt
+€3,334
Cash 2025
€34,633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,105,526 | €2,234,577 | +€129,051 | +6.1% |
| Fixed assets | 21/28 | €1,924,983 | €1,891,906 | -€33,077 | -1.7% |
| Tangible fixed assets | 22/27 | €1,324,983 | €1,291,906 | -€33,077 | -2.5% |
| Land and buildings | 22 | €1,324,244 | €1,291,906 | -€32,337 | -2.4% |
| Furniture and vehicles | 24 | €740 | - | -€740 | |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €180,543 | €342,671 | +€162,128 | +89.8% |
| Amounts receivable within one year | 40/41 | €137,603 | €305,215 | +€167,612 | +122% |
| Other amounts receivable | 41 | €137,603 | €305,215 | +€167,612 | +122% |
| Cash at bank and in hand | 54/58 | €39,765 | €34,633 | -€5,131 | -12.9% |
| Deferred charges and accrued income | 490/1 | €3,175 | €2,823 | -€352 | -11.1% |
| Total equity and liabilities | 10/49 | €2,105,526 | €2,234,577 | +€129,051 | +6.1% |
| Equity | 10/15 | €883,653 | €1,075,180 | +€191,526 | +21.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €683,653 | €875,180 | +€191,526 | +28.0% |
| Distributable reserves | 133 | €683,653 | €875,180 | +€191,526 | +28.0% |
| Amounts payable | 17/49 | €1,221,873 | €1,159,398 | -€62,475 | -5.1% |
| Amounts payable after more than one year | 17 | €933,824 | €851,485 | -€82,339 | -8.8% |
| Financial debts | 170/4 | €926,434 | €844,095 | -€82,339 | -8.9% |
| Other amounts payable | 178/9 | €7,390 | €7,390 | = | 0.0% |
| Amounts payable within one year | 42/48 | €270,866 | €295,435 | +€24,569 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €100,921 | €104,255 | +€3,334 | +3.3% |
| Trade debts | 44 | €873 | €3,750 | +€2,877 | +330% |
| Suppliers | 440/4 | €873 | €3,750 | +€2,877 | +330% |
| Taxes, remuneration and social security | 45 | €70 | €7,838 | +€7,768 | +11,153% |
| Taxes | 450/3 | €70 | €4,429 | +€4,359 | +6,258% |
| Remuneration and social security | 454/9 | - | €3,409 | +€3,409 | |
| Other amounts payable | 47/48 | €169,003 | €179,593 | +€10,590 | +6.3% |
| Accrued charges and deferred income | 492/3 | €17,183 | €12,478 | -€4,705 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,270 | €33,077 | -€6,193 | -15.8% |
| Other operating charges | 640/8 | €8,257 | €10,683 | +€2,426 | +29.4% |
| Gross operating margin | 9900 | €171,658 | €207,481 | +€35,823 | +20.9% |
| Operating profit (loss) | 9901 | €124,131 | €163,721 | +€39,590 | +31.9% |
| Financial income | 75/76B | €90,000 | €92,015 | +€2,015 | +2.2% |
| Recurring financial income | 75 | €90,000 | €92,015 | +€2,015 | +2.2% |
| Financial charges | 65/66B | €26,123 | €29,730 | +€3,607 | +13.8% |
| Recurring financial charges | 65 | €26,123 | €29,730 | +€3,607 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €188,008 | €226,007 | +€37,999 | +20.2% |
| Income taxes | 67/77 | €26,070 | €34,480 | +€8,411 | +32.3% |
| Profit (loss) for the period | 9904 | €161,939 | €191,526 | +€29,588 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,939 | €191,526 | +€29,588 | +18.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.