Chéoux Invest: what changed
What changed
Chéoux Invest
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€136,528
2024 · -€67,393+€203,921
Equity
€70,098
2024 · -€66,431+€136,528
Cash
€3,613
2024 · €2,921+€692
Balance sheet total
€474,438
2024 · €1.1m-€598,535
Largest movements
Assets
- Tangible fixed assets -€575,674
down €575,674 (-55.2%), from €1.0m to €467,306
of which Land and buildings: -€575,105
- Receivables within one year -€22,650
down €22,650 (-87.7%), from €25,829 to €3,180
of which Trade receivables: -€22,484
Equity and liabilities
- Debts after one year -€738,945
down €738,945 (-65.7%), from €1.1m to €386,111
of which Financial debts: -€498,945
- Profit (loss) carried forward +€136,528
up €136,528 (+82.0%), from -€166,431 to -€29,902
Income statement
- Gross operating margin +€169,972
up €169,972 (+581%), from €29,239 to €199,210
- Financial charges -€14,143
down €14,143 (-26.4%), from €53,520 to €39,377
- Depreciation -€11,368
down €11,368 (-55.9%), from €20,333 to €8,964
- Other operating charges -€8,303
down €8,303 (-36.5%), from €22,779 to €14,475
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
-€67,393
Gross operating margin
+€169,972
Depreciation
+€11,368
Other operating charges
+€8,303
Financial income
+€135
Financial charges
+€14,143
Result 2025
€136,528
raises 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
+€166,133
Investment
+€566,710
Financing
-€732,150
Cash 2024
€2,921
From operations (derived)
+€166,133
Net result for the year
+€136,528
Depreciation
+€8,964
Receivables within one year
+€22,650
Smaller working-capital items
+€163
Trade debts
-€3,361
Other debts
+€4,199
Accrued charges and deferred income
-€3,011
Investment (derived)
+€566,710
Investment in fixed assets (net)
+€566,710
Financing
-€732,150
Debts after one year
-€738,945
Current portion of long-term debt
+€6,795
Cash 2025
€3,613
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,072,973 | €474,438 | -€598,535 | -55.8% |
| Fixed assets | 21/28 | €1,042,980 | €467,306 | -€575,674 | -55.2% |
| Tangible fixed assets | 22/27 | €1,042,980 | €467,306 | -€575,674 | -55.2% |
| Land and buildings | 22 | €1,041,260 | €466,155 | -€575,105 | -55.2% |
| Plant, machinery and equipment | 23 | €1,720 | €1,151 | -€569 | -33.1% |
| Current assets | 29/58 | €29,993 | €7,132 | -€22,861 | -76.2% |
| Amounts receivable within one year | 40/41 | €25,829 | €3,180 | -€22,650 | -87.7% |
| Trade receivables | 40 | €25,663 | €3,179 | -€22,484 | -87.6% |
| Other amounts receivable | 41 | €166 | €1 | -€165 | -99.4% |
| Cash at bank and in hand | 54/58 | €2,921 | €3,613 | +€692 | +23.7% |
| Deferred charges and accrued income | 490/1 | €1,242 | €339 | -€903 | -72.7% |
| Total equity and liabilities | 10/49 | €1,072,973 | €474,438 | -€598,535 | -55.8% |
| Equity | 10/15 | -€66,431 | €70,098 | +€136,528 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,431 | -€29,902 | +€136,528 | +82.0% |
| Amounts payable | 17/49 | €1,139,403 | €404,340 | -€735,063 | -64.5% |
| Amounts payable after more than one year | 17 | €1,125,056 | €386,111 | -€738,945 | -65.7% |
| Financial debts | 170/4 | €760,000 | €261,055 | -€498,945 | -65.7% |
| Other amounts payable | 178/9 | €365,056 | €125,056 | -€240,000 | -65.7% |
| Amounts payable within one year | 42/48 | €11,336 | €18,229 | +€6,893 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,795 | +€6,795 | |
| Trade debts | 44 | €3,981 | €620 | -€3,361 | -84.4% |
| Suppliers | 440/4 | €3,981 | €620 | -€3,361 | -84.4% |
| Taxes, remuneration and social security | 45 | €1,477 | €737 | -€740 | -50.1% |
| Taxes | 450/3 | €1,477 | €737 | -€740 | -50.1% |
| Other amounts payable | 47/48 | €5,878 | €10,077 | +€4,199 | +71.4% |
| Accrued charges and deferred income | 492/3 | €3,011 | €0 | -€3,011 | -100% |
| Non-recurring operating income | 76A | - | €183,165 | +€183,165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,333 | €8,964 | -€11,368 | -55.9% |
| Other operating charges | 640/8 | €22,779 | €14,475 | -€8,303 | -36.5% |
| Gross operating margin | 9900 | €29,239 | €199,210 | +€169,972 | +581% |
| Operating profit (loss) | 9901 | -€13,872 | €175,771 | +€189,643 | |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €53,520 | €39,377 | -€14,143 | -26.4% |
| Recurring financial charges | 65 | €53,520 | €39,377 | -€14,143 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€67,393 | €136,528 | +€203,921 | |
| Profit (loss) for the period | 9904 | -€67,393 | €136,528 | +€203,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,393 | €136,528 | +€203,921 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.