Cherito: 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.
What changed
Cherito
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €403,908+€1.3m
Equity
€5.3m
2024 · €3.6m+€1.7m
Cash
€367,328
2024 · €373,435-€6,108
Balance sheet total
€13.8m
2024 · €10.2m+€3.6m
Largest movements
Assets
- Financial fixed assets +€2.8m
up €2.8m (+44.1%), from €6.3m to €9.1m
- Current investments +€850,000
new in 2025: €850,000
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+47.0%), from €3.6m to €5.3m
- Debts after one year +€1.6m
up €1.6m (+25.7%), from €6.2m to €7.8m
- Current portion of long-term debt +€269,941
up €269,941 (+78.8%), from €342,757 to €612,698
Income statement
- Financial income +€1.3m
up €1.3m (+445.4%), from €300,000 to €1.6m
- Gross operating margin -€38,927
down €38,927 (-8.2%), from €475,427 to €436,500
- Taxes +€5,231
up €5,231 (+33.5%), from €15,634 to €20,865
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.
Result 2024
€403,908
Gross operating margin
-€38,927
Depreciation
-€1,156
Other operating charges
-€623
Other operating items
-€986
Financial income
+€1.3m
Financial charges
-€1,926
Taxes
-€5,231
Result 2025
€1.7m
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.
From operations
+€1.8m
Investment
-€3.7m
Financing
+€1.9m
Cash 2024
€373,435
From operations (derived)
+€1.8m
Net result for the year
+€1.7m
Depreciation
+€162,718
Receivables within one year
-€74,852
Smaller working-capital items
+€3,390
Trade debts
+€21,372
Tax, wage and social debts
+€19,461
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€2.8m
Current investments
-€850,000
Financing
+€1.9m
Debts after one year
+€1.6m
Current portion of long-term debt
+€269,941
Cash 2025
€367,328
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,192,746 | €13,783,578 | +€3.6m | +35.2% |
| Formation expenses | 20 | €36,986 | €24,636 | -€12,350 | -33.4% |
| Fixed assets | 21/28 | €9,782,325 | €12,466,701 | +€2.7m | +27.4% |
| Tangible fixed assets | 22/27 | €3,458,529 | €3,352,262 | -€106,268 | -3.1% |
| Land and buildings | 22 | €3,453,694 | €3,305,742 | -€147,952 | -4.3% |
| Plant, machinery and equipment | 23 | - | €6,053 | +€6,053 | |
| Furniture and vehicles | 24 | €4,835 | €2,804 | -€2,032 | -42.0% |
| Assets under construction and advance payments | 27 | - | €37,664 | +€37,664 | |
| Financial fixed assets | 28 | €6,323,796 | €9,114,439 | +€2.8m | +44.1% |
| Current assets | 29/58 | €373,435 | €1,292,242 | +€918,806 | +246.0% |
| Amounts receivable within one year | 40/41 | €0 | €74,852 | +€74,852 | |
| Trade receivables | 40 | €0 | €28,217 | +€28,217 | |
| Other amounts receivable | 41 | €0 | €46,635 | +€46,635 | |
| Current investments | 50/53 | - | €850,000 | +€850,000 | |
| Cash at bank and in hand | 54/58 | €373,435 | €367,328 | -€6,108 | -1.6% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €10,192,746 | €13,783,578 | +€3.6m | +35.2% |
| Equity | 10/15 | €3,600,149 | €5,291,507 | +€1.7m | +47.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,595,149 | €5,286,507 | +€1.7m | +47.0% |
| Distributable reserves | 133 | €3,595,149 | €5,286,507 | +€1.7m | +47.0% |
| Amounts payable | 17/49 | €6,592,597 | €8,492,071 | +€1.9m | +28.8% |
| Amounts payable after more than one year | 17 | €6,168,053 | €7,753,300 | +€1.6m | +25.7% |
| Financial debts | 170/4 | €6,168,053 | €7,753,300 | +€1.6m | +25.7% |
| Amounts payable within one year | 42/48 | €424,544 | €735,959 | +€311,414 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €342,757 | €612,698 | +€269,941 | +78.8% |
| Trade debts | 44 | €50,371 | €71,743 | +€21,372 | +42.4% |
| Suppliers | 440/4 | €50,371 | €71,743 | +€21,372 | +42.4% |
| Taxes, remuneration and social security | 45 | €30,668 | €50,129 | +€19,461 | +63.5% |
| Taxes | 450/3 | €30,668 | €50,129 | +€19,461 | +63.5% |
| Other amounts payable | 47/48 | €749 | €1,389 | +€640 | +85.5% |
| Accrued charges and deferred income | 492/3 | - | €2,813 | +€2,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,562 | €162,718 | +€1,156 | +0.7% |
| Other operating charges | 640/8 | €832 | €1,455 | +€623 | +74.9% |
| Non-recurring operating charges | 66A | €0 | €986 | +€986 | |
| Gross operating margin | 9900 | €475,427 | €436,500 | -€38,927 | -8.2% |
| Operating profit (loss) | 9901 | €313,033 | €271,340 | -€41,692 | -13.3% |
| Financial income | 75/76B | €300,000 | €1,636,299 | +€1.3m | +445.4% |
| Recurring financial income | 75 | €300,000 | €1,636,299 | +€1.3m | +445.4% |
| Financial charges | 65/66B | €193,490 | €195,416 | +€1,926 | +1.0% |
| Recurring financial charges | 65 | €193,490 | €195,416 | +€1,926 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €419,542 | €1,712,223 | +€1.3m | +308.1% |
| Income taxes | 67/77 | €15,634 | €20,865 | +€5,231 | +33.5% |
| Profit (loss) for the period | 9904 | €403,908 | €1,691,358 | +€1.3m | +318.7% |
| Profit (loss) for the period to be appropriated | 9905 | €403,908 | €1,691,358 | +€1.3m | +318.7% |
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 29 September 2026 via checked.be.