CHERGAN: 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.
CHERGAN
Largest movements
- Receivables within one year +€6,678
up €6,678 (+155.2%), from €4,302 to €10,979
of which Trade receivables: +€4,000
- Cash +€568
up €568 (+350.3%), from €162 to €731
mainly Other debts (+€12,827)
- Other debts +€12,827
up €12,827 (+629.4%), from €2,038 to €14,865
- Profit (loss) carried forward -€3,506
down €3,506 (-118.3%), from -€2,963 to -€6,470
- Tax, wage and social debts -€1,300
no longer reported in 2025 (was €1,300)
- Trade debts -€753
down €753 (-50.6%), from €1,487 to €734
- Gross operating margin -€3,623
down €3,623, from €1,587 to -€2,036
- Financial charges +€207
up €207 (+75.8%), from €272 to €479
- Depreciation -€144
no longer reported in 2025 (was €144)
- Other operating charges +€25
up €25 (+3.2%), from €789 to €814
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 | €24,962 | €32,229 | +€7,267 | +29.1% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €4,962 | €12,229 | +€7,267 | +146.5% |
| Amounts receivable within one year | 40/41 | €4,302 | €10,979 | +€6,678 | +155.2% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €4,302 | €6,979 | +€2,678 | +62.2% |
| Cash at bank and in hand | 54/58 | €162 | €731 | +€568 | +350.3% |
| Deferred charges and accrued income | 490/1 | €498 | €519 | +€22 | +4.3% |
| Total equity and liabilities | 10/49 | €24,962 | €32,229 | +€7,267 | +29.1% |
| Equity | 10/15 | €20,137 | €16,630 | -€3,506 | -17.4% |
| Contributions | 10/11 | €23,100 | €23,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,963 | -€6,470 | -€3,506 | -118.3% |
| Amounts payable | 17/49 | €4,825 | €15,599 | +€10,774 | +223.3% |
| Amounts payable within one year | 42/48 | €4,825 | €15,599 | +€10,774 | +223.3% |
| Trade debts | 44 | €1,487 | €734 | -€753 | -50.6% |
| Suppliers | 440/4 | €1,487 | €734 | -€753 | -50.6% |
| Taxes, remuneration and social security | 45 | €1,300 | - | -€1,300 | |
| Taxes | 450/3 | €1,300 | - | -€1,300 | |
| Other amounts payable | 47/48 | €2,038 | €14,865 | +€12,827 | +629.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | - | -€144 | |
| Other operating charges | 640/8 | €789 | €814 | +€25 | +3.2% |
| Gross operating margin | 9900 | €1,587 | -€2,036 | -€3,623 | |
| Operating profit (loss) | 9901 | €653 | -€2,850 | -€3,504 | |
| Financial charges | 65/66B | €272 | €479 | +€207 | +75.8% |
| Recurring financial charges | 65 | €272 | €479 | +€207 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €381 | -€3,329 | -€3,710 | |
| Income taxes | 67/77 | €168 | €177 | +€10 | +5.7% |
| Profit (loss) for the period | 9904 | €213 | -€3,506 | -€3,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €213 | -€3,506 | -€3,720 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.