CHENICLEM: 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.
What changed
CHENICLEM
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · -€77,642+€1.1m
Equity
€59.2m
2024 · €51.9m+€7.3m
Cash
€68,426
2024 · €143,809-€75,383
Balance sheet total
€82.7m
2024 · €57.0m+€25.7m
Largest movements
Assets
- Financial fixed assets +€25.8m
up €25.8m (+53.1%), from €48.5m to €74.3m
- Receivables within one year -€830,750
down €830,750 (-17.8%), from €4.7m to €3.8m
of which Other amounts receivable: -€708,892
Equity and liabilities
- Other debts +€19.3m
up €19.3m (+1870.6%), from €1.0m to €20.3m
- Contributions +€6.2m
up €6.2m (+69.1%), from €9.0m to €15.2m
- Reserves +€1.1m
up €1.1m (+2.4%), from €42.9m to €44.0m
of which Distributable reserves: +€998,606
- Debts after one year -€906,581
down €906,581 (-29.4%), from €3.1m to €2.2m
Income statement
- Financial charges -€507,272
down €507,272 (-89.0%), from €569,908 to €62,636
- Financial income +€504,557
up €504,557 (+41.1%), from €1.2m to €1.7m
- Gross operating margin +€154,563
up €154,563 (+74.0%), from -€208,969 to -€54,406
- Staff costs +€42,841
up €42,841 (+11.3%), from €379,526 to €422,367
- Taxes -€3,502
down €3,502 (-7.5%), from €46,632 to €43,130
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.
Result 2024
-€77,642
Gross operating margin
+€154,563
Staff costs
-€42,841
Depreciation
+€1,241
Other operating charges
+€512
Financial income
+€504,557
Financial charges
+€507,272
Taxes
+€3,502
Result 2025
€1.1m
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.
From operations
+€20.4m
Investment
-€25.8m
Financing
+€5.3m
Cash 2024
€143,809
From operations (derived)
+€20.4m
Net result for the year
+€1.1m
Depreciation
+€96,179
Receivables after one year
-€729,563
Receivables within one year
+€830,750
Deferred charges and accrued income
-€188,936
Smaller working-capital items
+€58,200
Other debts
+€19.3m
Investment (derived)
-€25.8m
Investment in fixed assets (net)
-€25.8m
Current investments
+€27,349
Financing
+€5.3m
Debts after one year
-€906,581
Current portion of long-term debt
+€9,001
Contributions, distributions and other
+€6.2m
Cash 2025
€68,426
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,032,551 | €82,702,379 | +€25.7m | +45.0% |
| Fixed assets | 21/28 | €49,817,576 | €75,502,386 | +€25.7m | +51.6% |
| Intangible fixed assets | 21 | €20,534 | €13,335 | -€7,199 | -35.1% |
| Tangible fixed assets | 22/27 | €1,290,087 | €1,219,369 | -€70,718 | -5.5% |
| Land and buildings | 22 | €1,105,916 | €1,047,983 | -€57,933 | -5.2% |
| Furniture and vehicles | 24 | €184,171 | €171,386 | -€12,785 | -6.9% |
| Financial fixed assets | 28 | €48,506,955 | €74,269,683 | +€25.8m | +53.1% |
| Current assets | 29/58 | €7,214,976 | €7,199,992 | -€14,983 | -0.2% |
| Amounts receivable after more than one year | 29 | €1,863,235 | €2,592,798 | +€729,563 | +39.2% |
| Other amounts receivable | 291 | €1,863,235 | €2,592,798 | +€729,563 | +39.2% |
| Amounts receivable within one year | 40/41 | €4,655,277 | €3,824,528 | -€830,750 | -17.8% |
| Trade receivables | 40 | €263,932 | €142,073 | -€121,858 | -46.2% |
| Other amounts receivable | 41 | €4,391,346 | €3,682,454 | -€708,892 | -16.1% |
| Current investments | 50/53 | €173,209 | €145,860 | -€27,349 | -15.8% |
| Cash at bank and in hand | 54/58 | €143,809 | €68,426 | -€75,383 | -52.4% |
| Deferred charges and accrued income | 490/1 | €379,445 | €568,381 | +€188,936 | +49.8% |
| Total equity and liabilities | 10/49 | €57,032,551 | €82,702,379 | +€25.7m | +45.0% |
| Equity | 10/15 | €51,917,047 | €59,173,265 | +€7.3m | +14.0% |
| Contributions | 10/11 | €8,983,000 | €15,188,054 | +€6.2m | +69.1% |
| Capital | 10 | €8,983,000 | €15,188,054 | +€6.2m | +69.1% |
| Issued capital | 100 | €8,983,000 | €15,188,054 | +€6.2m | +69.1% |
| Reserves | 13 | €42,934,047 | €43,985,211 | +€1.1m | +2.4% |
| Non-distributable reserves | 130/1 | €720,299 | €772,857 | +€52,558 | +7.3% |
| Legal reserve | 130 | €720,299 | €772,857 | +€52,558 | +7.3% |
| Distributable reserves | 133 | €42,213,747 | €43,212,354 | +€998,606 | +2.4% |
| Amounts payable | 17/49 | €5,115,505 | €23,529,114 | +€18.4m | +360.0% |
| Amounts payable after more than one year | 17 | €3,079,670 | €2,173,090 | -€906,581 | -29.4% |
| Financial debts | 170/4 | €3,079,670 | €2,173,090 | -€906,581 | -29.4% |
| Amounts payable within one year | 42/48 | €2,029,428 | €21,349,702 | +€19.3m | +952.0% |
| Current portion of amounts payable after more than one year | 42 | €897,580 | €906,581 | +€9,001 | +1.0% |
| Trade debts | 44 | €28,758 | €59,221 | +€30,463 | +105.9% |
| Suppliers | 440/4 | €28,758 | €59,221 | +€30,463 | +105.9% |
| Taxes, remuneration and social security | 45 | €73,827 | €101,648 | +€27,820 | +37.7% |
| Taxes | 450/3 | €32,167 | €42,895 | +€10,728 | +33.3% |
| Remuneration and social security | 454/9 | €41,660 | €58,753 | +€17,093 | +41.0% |
| Other amounts payable | 47/48 | €1,029,264 | €20,282,253 | +€19.3m | +1870.6% |
| Accrued charges and deferred income | 492/3 | €6,406 | €6,322 | -€84 | -1.3% |
| Remuneration, social security and pensions | 62 | €379,526 | €422,367 | +€42,841 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,421 | €96,179 | -€1,241 | -1.3% |
| Other operating charges | 640/8 | €2,612 | €2,101 | -€512 | -19.6% |
| Gross operating margin | 9900 | -€208,969 | -€54,406 | +€154,563 | +74.0% |
| Operating profit (loss) | 9901 | -€688,528 | -€575,053 | +€113,475 | +16.5% |
| Financial income | 75/76B | €1,227,426 | €1,731,983 | +€504,557 | +41.1% |
| Recurring financial income | 75 | €1,227,426 | €1,731,983 | +€504,557 | +41.1% |
| Financial charges | 65/66B | €569,908 | €62,636 | -€507,272 | -89.0% |
| Recurring financial charges | 65 | €569,908 | €62,636 | -€507,272 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,010 | €1,094,294 | +€1.1m | |
| Income taxes | 67/77 | €46,632 | €43,130 | -€3,502 | -7.5% |
| Profit (loss) for the period | 9904 | -€77,642 | €1,051,164 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,642 | €1,051,164 | +€1.1m |
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.