CHERBAI: 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.
CHERBAI
Largest movements
- Cash -€44,653
down €44,653 (-24.9%), from €179,355 to €134,702
mainly Net result for the year (-€39,765) and Tax, wage and social debts (-€9,178)
- Tangible fixed assets -€4,918
down €4,918 (-22.9%), from €21,439 to €16,521
of which Plant, machinery and equipment: -€3,163
- Deferred charges and accrued income -€4,813
down €4,813 (-54.3%), from €8,862 to €4,049
- Stocks and contracts -€3,004
down €3,004 (-8.7%), from €34,585 to €31,580
- Profit (loss) carried forward -€39,765
down €39,765 (-40.9%), from €97,249 to €57,483
- Tax, wage and social debts -€9,178
down €9,178 (-40.9%), from €22,467 to €13,289
of which Remuneration and social security: -€13,544
- Contributions -€7,364
down €7,364 (-12.1%), from €60,636 to €53,273
- Gross operating margin -€76,681
down €76,681 (-55.8%), from €137,303 to €60,623
- Staff costs -€35,466
down €35,466 (-28.0%), from €126,672 to €91,206
- Taxes -€1,651
down €1,651 (-93.9%), from €1,759 to €108
- Depreciation -€1,445
down €1,445 (-22.7%), from €6,363 to €4,918
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 | €269,203 | €212,587 | -€56,616 | -21.0% |
| Fixed assets | 21/28 | €21,514 | €16,596 | -€4,918 | -22.9% |
| Tangible fixed assets | 22/27 | €21,439 | €16,521 | -€4,918 | -22.9% |
| Land and buildings | 22 | €10,458 | €10,458 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,632 | €4,469 | -€3,163 | -41.4% |
| Furniture and vehicles | 24 | €3,350 | €1,595 | -€1,756 | -52.4% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €247,689 | €195,991 | -€51,697 | -20.9% |
| Stocks and contracts in progress | 3 | €34,585 | €31,580 | -€3,004 | -8.7% |
| Stocks | 30/36 | €34,585 | €31,580 | -€3,004 | -8.7% |
| Amounts receivable within one year | 40/41 | €24,887 | €25,659 | +€773 | +3.1% |
| Trade receivables | 40 | €13,709 | €15,128 | +€1,419 | +10.4% |
| Other amounts receivable | 41 | €11,178 | €10,531 | -€647 | -5.8% |
| Cash at bank and in hand | 54/58 | €179,355 | €134,702 | -€44,653 | -24.9% |
| Deferred charges and accrued income | 490/1 | €8,862 | €4,049 | -€4,813 | -54.3% |
| Total equity and liabilities | 10/49 | €269,203 | €212,587 | -€56,616 | -21.0% |
| Equity | 10/15 | €244,381 | €197,252 | -€47,129 | -19.3% |
| Contributions | 10/11 | €60,636 | €53,273 | -€7,364 | -12.1% |
| Reserves | 13 | €86,496 | €86,496 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,971 | €71,971 | = | 0.0% |
| Distributable reserves | 133 | €14,524 | €14,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,249 | €57,483 | -€39,765 | -40.9% |
| Amounts payable | 17/49 | €24,822 | €15,335 | -€9,487 | -38.2% |
| Amounts payable within one year | 42/48 | €24,822 | €15,335 | -€9,487 | -38.2% |
| Trade debts | 44 | €2,355 | €2,046 | -€309 | -13.1% |
| Suppliers | 440/4 | €2,355 | €2,046 | -€309 | -13.1% |
| Taxes, remuneration and social security | 45 | €22,467 | €13,289 | -€9,178 | -40.9% |
| Taxes | 450/3 | €8,923 | €13,289 | +€4,366 | +48.9% |
| Remuneration and social security | 454/9 | €13,544 | - | -€13,544 | |
| Remuneration, social security and pensions | 62 | €126,672 | €91,206 | -€35,466 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,363 | €4,918 | -€1,445 | -22.7% |
| Other operating charges | 640/8 | €5,463 | €5,561 | +€98 | +1.8% |
| Gross operating margin | 9900 | €137,303 | €60,623 | -€76,681 | -55.8% |
| Operating profit (loss) | 9901 | -€1,195 | -€41,063 | -€39,868 | -3335.2% |
| Financial income | 75/76B | €2,515 | €1,843 | -€672 | -26.7% |
| Recurring financial income | 75 | €2,515 | €1,843 | -€672 | -26.7% |
| Financial charges | 65/66B | €259 | €437 | +€178 | +68.7% |
| Recurring financial charges | 65 | €259 | €437 | +€178 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €1,061 | -€39,657 | -€40,718 | |
| Income taxes | 67/77 | €1,759 | €108 | -€1,651 | -93.9% |
| Profit (loss) for the period | 9904 | -€699 | -€39,765 | -€39,067 | -5592.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€699 | -€39,765 | -€39,067 | -5592.2% |
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 11 October 2026 via checked.be.