CHENG: 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.
CHENG
Largest movements
- Tangible fixed assets -€9,596
down €9,596 (-34.9%), from €27,516 to €17,920
of which Furniture and vehicles: -€10,001
- Intangible fixed assets -€2,300
down €2,300 (-43.4%), from €5,299 to €2,999
- Receivables within one year +€1,970
up €1,970 (+67.6%), from €2,916 to €4,887
- Cash +€675
up €675 (+62.4%), from €1,083 to €1,758
mainly Depreciation (+€12,896) and Trade debts (+€4,269)
- Stocks and contracts +€538
up €538 (+29.6%), from €1,817 to €2,356
- Profit (loss) carried forward -€7,730
down €7,730 (-5.3%), from -€145,687 to -€153,417
- Other debts -€4,668
down €4,668 (-4.1%), from €112,686 to €108,018
- Trade debts +€4,269
up €4,269 (+21.7%), from €19,641 to €23,910
- Advances received -€408
no longer reported in 2023 (was €408)
- Gross operating margin -€9,452
down €9,452 (-46.0%), from €20,559 to €11,106
- Other operating charges -€8,149
down €8,149 (-61.4%), from €13,271 to €5,122
- Staff costs +€272
up €272 (+47.9%), from -€568 to -€296
- Financial charges +€219
up €219 (+20.2%), from €1,085 to €1,304
of which Non-recurring financial charges: +€215
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,111 | €30,279 | -€8,832 | -22.6% |
| Fixed assets | 21/28 | €32,815 | €21,280 | -€11,536 | -35.2% |
| Intangible fixed assets | 21 | €5,299 | €2,999 | -€2,300 | -43.4% |
| Tangible fixed assets | 22/27 | €27,516 | €17,920 | -€9,596 | -34.9% |
| Plant, machinery and equipment | 23 | €1,650 | €2,055 | +€405 | +24.6% |
| Furniture and vehicles | 24 | €25,866 | €15,865 | -€10,001 | -38.7% |
| Financial fixed assets | 28 | - | €361 | +€361 | |
| Current assets | 29/58 | €6,296 | €9,000 | +€2,704 | +42.9% |
| Stocks and contracts in progress | 3 | €1,817 | €2,356 | +€538 | +29.6% |
| Stocks | 30/36 | €1,817 | €2,356 | +€538 | +29.6% |
| Amounts receivable within one year | 40/41 | €2,916 | €4,887 | +€1,970 | +67.6% |
| Trade receivables | 40 | €2,916 | €4,887 | +€1,970 | +67.6% |
| Cash at bank and in hand | 54/58 | €1,083 | €1,758 | +€675 | +62.4% |
| Deferred charges and accrued income | 490/1 | €480 | - | -€480 | |
| Total equity and liabilities | 10/49 | €39,111 | €30,279 | -€8,832 | -22.6% |
| Equity | 10/15 | -€94,660 | -€102,389 | -€7,730 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,428 | €32,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,568 | €30,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,687 | -€153,417 | -€7,730 | -5.3% |
| Amounts payable | 17/49 | €133,771 | €132,669 | -€1,102 | -0.8% |
| Amounts payable within one year | 42/48 | €133,771 | €132,669 | -€1,102 | -0.8% |
| Trade debts | 44 | €19,641 | €23,910 | +€4,269 | +21.7% |
| Suppliers | 440/4 | €19,641 | €23,910 | +€4,269 | +21.7% |
| Advances received on contracts in progress | 46 | €408 | - | -€408 | |
| Taxes, remuneration and social security | 45 | €1,036 | €741 | -€295 | -28.5% |
| Taxes | 450/3 | €1,036 | €741 | -€295 | -28.5% |
| Other amounts payable | 47/48 | €112,686 | €108,018 | -€4,668 | -4.1% |
| Remuneration, social security and pensions | 62 | -€568 | -€296 | +€272 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,039 | €12,896 | -€143 | -1.1% |
| Other operating charges | 640/8 | €13,271 | €5,122 | -€8,149 | -61.4% |
| Gross operating margin | 9900 | €20,559 | €11,106 | -€9,452 | -46.0% |
| Operating profit (loss) | 9901 | -€5,183 | -€6,616 | -€1,433 | -27.6% |
| Financial income | 75/76B | €31 | €191 | +€160 | +524.0% |
| Recurring financial income | 75 | €31 | €191 | +€160 | +524.0% |
| Financial charges | 65/66B | €1,085 | €1,304 | +€219 | +20.2% |
| Recurring financial charges | 65 | €1,085 | €1,089 | +€5 | +0.4% |
| Non-recurring financial charges | 66B | - | €215 | +€215 | |
| Profit (loss) for the period before taxes | 9903 | -€6,238 | -€7,730 | -€1,492 | -23.9% |
| Profit (loss) for the period | 9904 | -€6,238 | -€7,730 | -€1,492 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,238 | -€7,730 | -€1,492 | -23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.