CHENOY: what changed
Two financial 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.
CHENOY
Largest movements
- Receivables within one year +€4.8m
up €4.8m (+71771.8%), from €6,728 to €4.8m
of which Other amounts receivable: +€4.8m
- Cash -€209,034
down €209,034 (-31.6%), from €661,887 to €452,854
mainly Receivables within one year (-€4.8m) and Investment in fixed assets (net) (-€272,483)
- Other debts +€4.7m
up €4.7m (+13025.0%), from €35,809 to €4.7m
- Financial income +€164,249
up €164,249 (+547497566.7%), from €0 to €164,249
- Depreciation +€42,441
up €42,441 (+20.6%), from €206,259 to €248,700
- Gross operating margin +€27,881
up €27,881 (+79.9%), from -€34,907 to -€7,026
- Financial charges +€3,383
up €3,383 (+12.2%), from €27,822 to €31,205
- Other operating charges -€1,004
down €1,004 (-20.7%), from €4,858 to €3,854
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 | €9,413,741 | €14,057,586 | +€4.6m | +49.3% |
| Fixed assets | 21/28 | €8,745,125 | €8,768,908 | +€23,783 | +0.3% |
| Tangible fixed assets | 22/27 | €8,745,125 | €8,768,908 | +€23,783 | +0.3% |
| Land and buildings | 22 | €8,745,125 | €8,768,908 | +€23,783 | +0.3% |
| Current assets | 29/58 | €668,616 | €5,288,679 | +€4.6m | +691.0% |
| Amounts receivable within one year | 40/41 | €6,728 | €4,835,825 | +€4.8m | +71771.8% |
| Trade receivables | 40 | - | €7,385 | +€7,385 | |
| Other amounts receivable | 41 | €6,728 | €4,828,440 | +€4.8m | +71662.1% |
| Cash at bank and in hand | 54/58 | €661,887 | €452,854 | -€209,034 | -31.6% |
| Total equity and liabilities | 10/49 | €9,413,741 | €14,057,586 | +€4.6m | +49.3% |
| Equity | 10/15 | €9,332,590 | €9,206,054 | -€126,535 | -1.4% |
| Contributions | 10/11 | €10,500,000 | €10,500,000 | = | 0.0% |
| Capital | 10 | €10,500,000 | €10,500,000 | = | 0.0% |
| Issued capital | 100 | €11,000,000 | €11,000,000 | = | 0.0% |
| Uncalled capital | 101 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,167,410 | -€1,293,946 | -€126,535 | -10.8% |
| Amounts payable | 17/49 | €81,151 | €4,851,532 | +€4.8m | +5878.4% |
| Amounts payable within one year | 42/48 | €39,357 | €4,778,838 | +€4.7m | +12042.4% |
| Trade debts | 44 | €3,547 | €78,838 | +€75,291 | +2122.6% |
| Suppliers | 440/4 | €3,547 | €78,838 | +€75,291 | +2122.6% |
| Other amounts payable | 47/48 | €35,809 | €4,700,000 | +€4.7m | +13025.0% |
| Accrued charges and deferred income | 492/3 | €41,794 | €72,694 | +€30,900 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,259 | €248,700 | +€42,441 | +20.6% |
| Other operating charges | 640/8 | €4,858 | €3,854 | -€1,004 | -20.7% |
| Gross operating margin | 9900 | -€34,907 | -€7,026 | +€27,881 | +79.9% |
| Operating profit (loss) | 9901 | -€246,024 | -€259,580 | -€13,556 | -5.5% |
| Financial income | 75/76B | €0 | €164,249 | +€164,249 | +547497566.7% |
| Recurring financial income | 75 | €0 | €164,249 | +€164,249 | +547497566.7% |
| Financial charges | 65/66B | €27,822 | €31,205 | +€3,383 | +12.2% |
| Recurring financial charges | 65 | €27,822 | €31,205 | +€3,383 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€273,846 | -€126,535 | +€147,310 | +53.8% |
| Profit (loss) for the period | 9904 | -€273,846 | -€126,535 | +€147,310 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€273,846 | -€126,535 | +€147,310 | +53.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.