CHENZER: 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.
CHENZER
Largest movements
- Tangible fixed assets +€6,409
up €6,409 (+337.2%), from €1,901 to €8,310
- Other debts +€11,339
up €11,339 (+24.0%), from €47,226 to €58,565
- Trade debts -€2,396
down €2,396 (-32.4%), from €7,396 to €5,000
- Gross operating margin -€19,642
down €19,642 (-89.7%), from €21,893 to €2,252
- Taxes -€4,406
down €4,406 (-76.6%), from €5,755 to €1,349
- Depreciation +€1,157
up €1,157 (+3123.5%), from €37 to €1,194
- Financial income +€998
new in 2025: €998
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 | €107,781 | €115,797 | +€8,016 | +7.4% |
| Fixed assets | 21/28 | €1,901 | €8,310 | +€6,409 | +337.2% |
| Tangible fixed assets | 22/27 | €1,901 | €8,310 | +€6,409 | +337.2% |
| Furniture and vehicles | 24 | €1,901 | €8,310 | +€6,409 | +337.2% |
| Current assets | 29/58 | €105,880 | €107,487 | +€1,607 | +1.5% |
| Amounts receivable within one year | 40/41 | €104,456 | €105,289 | +€833 | +0.8% |
| Trade receivables | 40 | €9,756 | €2,727 | -€7,029 | -72.0% |
| Other amounts receivable | 41 | €94,700 | €102,562 | +€7,862 | +8.3% |
| Cash at bank and in hand | 54/58 | €1,424 | €1,968 | +€544 | +38.2% |
| Deferred charges and accrued income | 490/1 | - | €229 | +€229 | |
| Total equity and liabilities | 10/49 | €107,781 | €115,797 | +€8,016 | +7.4% |
| Equity | 10/15 | €45,453 | €45,120 | -€333 | -0.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,453 | €5,120 | -€333 | -6.1% |
| Amounts payable | 17/49 | €62,328 | €70,677 | +€8,349 | +13.4% |
| Amounts payable within one year | 42/48 | €62,328 | €70,677 | +€8,349 | +13.4% |
| Trade debts | 44 | €7,396 | €5,000 | -€2,396 | -32.4% |
| Suppliers | 440/4 | €7,396 | €5,000 | -€2,396 | -32.4% |
| Taxes, remuneration and social security | 45 | €7,706 | €7,112 | -€594 | -7.7% |
| Taxes | 450/3 | €7,706 | €7,112 | -€594 | -7.7% |
| Other amounts payable | 47/48 | €47,226 | €58,565 | +€11,339 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €1,194 | +€1,157 | +3123.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €21,893 | €2,252 | -€19,642 | -89.7% |
| Operating profit (loss) | 9901 | €21,469 | €658 | -€20,811 | -96.9% |
| Financial income | 75/76B | - | €998 | +€998 | |
| Recurring financial income | 75 | - | €998 | +€998 | |
| Financial charges | 65/66B | €500 | €640 | +€140 | +28.0% |
| Recurring financial charges | 65 | €500 | €640 | +€140 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €20,969 | €1,016 | -€19,953 | -95.2% |
| Income taxes | 67/77 | €5,755 | €1,349 | -€4,406 | -76.6% |
| Profit (loss) for the period | 9904 | €15,214 | -€333 | -€15,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,214 | -€333 | -€15,547 |
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.