CHEPA: 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.
CHEPA
Largest movements
- Receivables within one year +€192,793
up €192,793 (+23898.1%), from €807 to €193,600
of which Trade receivables: +€193,600
- Tangible fixed assets +€45,491
up €45,491 (+272.7%), from €16,683 to €62,173
of which Furniture and vehicles: +€44,927
- Stocks and contracts +€35,577
new in 2025: €35,577
- Cash +€26,060
new in 2025: €26,060
mainly Net result for the year (+€226,618) and Tax, wage and social debts (+€59,448)
- Reserves +€226,600
up €226,600 (+455.4%), from €49,760 to €276,360
- Tax, wage and social debts +€59,448
up €59,448 (+447.0%), from €13,300 to €72,749
of which Taxes: +€59,448
- Other debts +€15,540
up €15,540 (+27.2%), from €57,031 to €72,571
- Gross operating margin +€252,723
up €252,723 (+327.3%), from €77,219 to €329,942
- Taxes +€78,702
up €78,702 (+346.7%), from €22,700 to €101,402
- Financial income +€25,000
up €25,000 (+250000000.0%), from €0 to €25,000
- Depreciation +€18,816
up €18,816 (+526.5%), from €3,574 to €22,390
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 | €348,328 | €648,713 | +€300,385 | +86.2% |
| Fixed assets | 21/28 | €347,046 | €392,536 | +€45,491 | +13.1% |
| Tangible fixed assets | 22/27 | €16,683 | €62,173 | +€45,491 | +272.7% |
| Plant, machinery and equipment | 23 | €642 | €1,206 | +€563 | +87.7% |
| Furniture and vehicles | 24 | €16,040 | €60,968 | +€44,927 | +280.1% |
| Financial fixed assets | 28 | €330,363 | €330,363 | = | 0.0% |
| Current assets | 29/58 | €1,282 | €256,176 | +€254,894 | +19875.7% |
| Stocks and contracts in progress | 3 | - | €35,577 | +€35,577 | |
| Stocks | 30/36 | - | €35,577 | +€35,577 | |
| Amounts receivable within one year | 40/41 | €807 | €193,600 | +€192,793 | +23898.1% |
| Trade receivables | 40 | - | €193,600 | +€193,600 | |
| Other amounts receivable | 41 | €807 | - | -€807 | |
| Cash at bank and in hand | 54/58 | - | €26,060 | +€26,060 | |
| Deferred charges and accrued income | 490/1 | €476 | €940 | +€464 | +97.5% |
| Total equity and liabilities | 10/49 | €348,328 | €648,713 | +€300,385 | +86.2% |
| Equity | 10/15 | €271,618 | €498,236 | +€226,618 | +83.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,760 | €276,360 | +€226,600 | +455.4% |
| Distributable reserves | 133 | €49,760 | €276,360 | +€226,600 | +455.4% |
| Profit (loss) carried forward | 14 | €215,658 | €215,676 | +€18 | 0.0% |
| Amounts payable | 17/49 | €76,711 | €150,477 | +€73,766 | +96.2% |
| Amounts payable within one year | 42/48 | €76,711 | €150,477 | +€73,766 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €5,089 | €5,057 | -€32 | -0.6% |
| Financial debts | 43 | €1,290 | - | -€1,290 | |
| Credit institutions | 430/8 | €1,290 | - | -€1,290 | |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €13,300 | €72,749 | +€59,448 | +447.0% |
| Taxes | 450/3 | €12,522 | €71,971 | +€59,448 | +474.7% |
| Remuneration and social security | 454/9 | €778 | €778 | = | 0.0% |
| Other amounts payable | 47/48 | €57,031 | €72,571 | +€15,540 | +27.2% |
| Non-recurring operating income | 76A | €18,375 | - | -€18,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €22,390 | +€18,816 | +526.5% |
| Other operating charges | 640/8 | €387 | €1,877 | +€1,490 | +384.6% |
| Gross operating margin | 9900 | €77,219 | €329,942 | +€252,723 | +327.3% |
| Operating profit (loss) | 9901 | €73,258 | €305,675 | +€232,418 | +317.3% |
| Financial income | 75/76B | €0 | €25,000 | +€25,000 | +250000000.0% |
| Recurring financial income | 75 | €0 | €25,000 | +€25,000 | +250000000.0% |
| Financial charges | 65/66B | €2,573 | €2,654 | +€81 | +3.1% |
| Recurring financial charges | 65 | €2,573 | €2,654 | +€81 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €70,684 | €328,021 | +€257,337 | +364.1% |
| Income taxes | 67/77 | €22,700 | €101,402 | +€78,702 | +346.7% |
| Profit (loss) for the period | 9904 | €47,984 | €226,618 | +€178,634 | +372.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,984 | €226,618 | +€178,634 | +372.3% |
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.