Cherub: 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.
Cherub
Largest movements
- Cash -€4,000
down €4,000 (-89.6%), from €4,467 to €466
mainly Investment in fixed assets (net) (-€4,042) and Net result for the year (-€3,480)
- Tangible fixed assets +€2,510
up €2,510 (+161.9%), from €1,550 to €4,060
- Receivables within one year +€1,498
up €1,498 (+25.6%), from €5,854 to €7,353
of which Other amounts receivable: +€772
- Deferred charges and accrued income +€340
new in 2025: €340
- Reserves -€5,724
no longer reported in 2025 (was €5,724)
- Other debts +€3,758
up €3,758 (+5.5%), from €67,856 to €71,614
- Profit (loss) carried forward +€2,244
up €2,244 (+1.1%), from -€208,394 to -€206,150
- Depreciation +€748
up €748 (+95.5%), from €784 to €1,532
- Gross operating margin +€519
up €519 (+34.7%), from -€1,494 to -€975
- Other operating charges +€312
up €312 (+54.8%), from €571 to €883
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 | €11,871 | €12,219 | +€348 | +2.9% |
| Fixed assets | 21/28 | €1,550 | €4,060 | +€2,510 | +161.9% |
| Tangible fixed assets | 22/27 | €1,550 | €4,060 | +€2,510 | +161.9% |
| Furniture and vehicles | 24 | €1,550 | €4,060 | +€2,510 | +161.9% |
| Current assets | 29/58 | €10,321 | €8,159 | -€2,162 | -20.9% |
| Amounts receivable within one year | 40/41 | €5,854 | €7,353 | +€1,498 | +25.6% |
| Trade receivables | 40 | - | €726 | +€726 | |
| Other amounts receivable | 41 | €5,854 | €6,627 | +€772 | +13.2% |
| Cash at bank and in hand | 54/58 | €4,467 | €466 | -€4,000 | -89.6% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €11,871 | €12,219 | +€348 | +2.9% |
| Equity | 10/15 | -€134,070 | -€137,550 | -€3,480 | -2.6% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €5,724 | - | -€5,724 | |
| Tax-exempt reserves | 132 | €5,724 | - | -€5,724 | |
| Profit (loss) carried forward | 14 | -€208,394 | -€206,150 | +€2,244 | +1.1% |
| Amounts payable | 17/49 | €145,941 | €149,769 | +€3,828 | +2.6% |
| Amounts payable after more than one year | 17 | €78,000 | €78,000 | = | 0.0% |
| Financial debts | 170/4 | €78,000 | €78,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,856 | €71,614 | +€3,758 | +5.5% |
| Other amounts payable | 47/48 | €67,856 | €71,614 | +€3,758 | +5.5% |
| Accrued charges and deferred income | 492/3 | €85 | €155 | +€70 | +81.8% |
| Non-recurring operating income | 76A | €538 | €103 | -€436 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784 | €1,532 | +€748 | +95.5% |
| Other operating charges | 640/8 | €571 | €883 | +€312 | +54.8% |
| Gross operating margin | 9900 | -€1,494 | -€975 | +€519 | +34.7% |
| Operating profit (loss) | 9901 | -€2,848 | -€3,390 | -€542 | -19.0% |
| Financial charges | 65/66B | €98 | €90 | -€8 | -8.6% |
| Recurring financial charges | 65 | €98 | €90 | -€8 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,946 | -€3,480 | -€534 | -18.1% |
| Profit (loss) for the period | 9904 | -€2,946 | -€3,480 | -€534 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,946 | -€3,480 | -€534 | -18.1% |
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 6 October 2026 via checked.be.