CHERLET DIRK: 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.
CHERLET DIRK
Largest movements
- Receivables within one year -€18,249
down €18,249 (-39.7%), from €45,951 to €27,702
of which Trade receivables: -€16,146
- Tangible fixed assets -€10,917
down €10,917 (-40.0%), from €27,291 to €16,374
of which Furniture and vehicles: -€9,500
- Stocks and contracts +€6,067
up €6,067 (+23.3%), from €26,054 to €32,121
of which Contracts in progress: +€4,562
- Cash +€2,855
up €2,855 (+6.7%), from €42,785 to €45,640
mainly Receivables within one year (+€18,249) and Depreciation (+€10,917)
- Other debts -€16,501
down €16,501 (-31.5%), from €52,420 to €35,919
- Accrued charges and deferred income -€3,312
no longer reported in 2025 (was €3,312)
- Current portion of long-term debt -€2,346
no longer reported in 2025 (was €2,346)
- Trade debts +€1,785
up €1,785 (+11.9%), from €15,046 to €16,831
- Gross operating margin -€5,823
down €5,823 (-36.0%), from €16,164 to €10,341
- Taxes -€517
down €517 (-64.0%), from €808 to €291
- Depreciation -€397
down €397 (-3.5%), from €11,314 to €10,917
- Financial income +€368
up €368 (+17.9%), from €2,050 to €2,418
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.
Derived cash bridge
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 | €142,105 | €121,838 | -€20,268 | -14.3% |
| Fixed assets | 21/28 | €27,291 | €16,374 | -€10,917 | -40.0% |
| Tangible fixed assets | 22/27 | €27,291 | €16,374 | -€10,917 | -40.0% |
| Plant, machinery and equipment | 23 | €2,740 | €1,323 | -€1,417 | -51.7% |
| Furniture and vehicles | 24 | €23,872 | €14,372 | -€9,500 | -39.8% |
| Other tangible fixed assets | 26 | €679 | €679 | = | 0.0% |
| Current assets | 29/58 | €114,814 | €105,464 | -€9,351 | -8.1% |
| Stocks and contracts in progress | 3 | €26,054 | €32,121 | +€6,067 | +23.3% |
| Stocks | 30/36 | €22,757 | €24,262 | +€1,505 | +6.6% |
| Contracts in progress | 37 | €3,297 | €7,859 | +€4,562 | +138% |
| Amounts receivable within one year | 40/41 | €45,951 | €27,702 | -€18,249 | -39.7% |
| Trade receivables | 40 | €39,828 | €23,683 | -€16,146 | -40.5% |
| Other amounts receivable | 41 | €6,123 | €4,020 | -€2,103 | -34.3% |
| Cash at bank and in hand | 54/58 | €42,785 | €45,640 | +€2,855 | +6.7% |
| Deferred charges and accrued income | 490/1 | €24 | - | -€24 | |
| Total equity and liabilities | 10/49 | €142,105 | €121,838 | -€20,268 | -14.3% |
| Equity | 10/15 | €63,500 | €63,596 | +€96 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,575 | €54,671 | +€96 | +0.2% |
| Distributable reserves | 133 | €54,575 | €54,671 | +€96 | +0.2% |
| Profit (loss) carried forward | 14 | €2,725 | €2,725 | = | 0.0% |
| Amounts payable | 17/49 | €78,605 | €58,242 | -€20,364 | -25.9% |
| Amounts payable within one year | 42/48 | €75,293 | €58,242 | -€17,052 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €2,346 | - | -€2,346 | |
| Trade debts | 44 | €15,046 | €16,831 | +€1,785 | +11.9% |
| Suppliers | 440/4 | €15,046 | €16,831 | +€1,785 | +11.9% |
| Taxes, remuneration and social security | 45 | €5,482 | €5,492 | +€10 | +0.2% |
| Taxes | 450/3 | €2,425 | €2,434 | +€10 | +0.4% |
| Remuneration and social security | 454/9 | €3,057 | €3,057 | = | 0.0% |
| Other amounts payable | 47/48 | €52,420 | €35,919 | -€16,501 | -31.5% |
| Accrued charges and deferred income | 492/3 | €3,312 | - | -€3,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,314 | €10,917 | -€397 | -3.5% |
| Other operating charges | 640/8 | €1,308 | €1,398 | +€90 | +6.9% |
| Non-recurring operating charges | 66A | €3,166 | - | -€3,166 | |
| Gross operating margin | 9900 | €16,164 | €10,341 | -€5,823 | -36.0% |
| Operating profit (loss) | 9901 | €376 | -€1,974 | -€2,350 | |
| Financial income | 75/76B | €2,050 | €2,418 | +€368 | +17.9% |
| Recurring financial income | 75 | €2,050 | €2,418 | +€368 | +17.9% |
| Financial charges | 65/66B | €142 | €57 | -€85 | -59.9% |
| Recurring financial charges | 65 | €142 | €57 | -€85 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €2,284 | €387 | -€1,897 | -83.0% |
| Income taxes | 67/77 | €808 | €291 | -€517 | -64.0% |
| Profit (loss) for the period | 9904 | €1,476 | €96 | -€1,380 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,476 | €96 | -€1,380 | -93.5% |
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 17 October 2026 via checked.be.