CHERUBIN: 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.
CHERUBIN
Largest movements
- Receivables within one year +€38,267
up €38,267 (+33.3%), from €114,820 to €153,087
of which Other amounts receivable: +€45,612
- Reserves +€56,561
up €56,561 (+91.2%), from €62,043 to €118,605
of which Distributable reserves: +€56,561
- Trade debts -€7,930
down €7,930 (-98.4%), from €8,058 to €128
- Other debts -€7,607
down €7,607 (-42.9%), from €17,727 to €10,119
- Tax, wage and social debts -€2,600
down €2,600 (-31.5%), from €8,257 to €5,656
- Gross operating margin +€70,056
up €70,056, from -€12,242 to €57,814
- Taxes +€5,656
new in 2025: €5,656
- Financial income +€1,736
up €1,736 (+47.9%), from €3,627 to €5,363
- Staff costs -€1,143
no longer reported in 2025 (was €1,143)
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 | €114,835 | €153,258 | +€38,424 | +33.5% |
| Current assets | 29/58 | €114,835 | €153,258 | +€38,424 | +33.5% |
| Amounts receivable within one year | 40/41 | €114,820 | €153,087 | +€38,267 | +33.3% |
| Trade receivables | 40 | €8,609 | €1,263 | -€7,345 | -85.3% |
| Other amounts receivable | 41 | €106,212 | €151,824 | +€45,612 | +42.9% |
| Cash at bank and in hand | 54/58 | €15 | €171 | +€157 | +1078.3% |
| Total equity and liabilities | 10/49 | €114,835 | €153,258 | +€38,424 | +33.5% |
| Equity | 10/15 | €80,793 | €137,355 | +€56,561 | +70.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €62,043 | €118,605 | +€56,561 | +91.2% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €60,168 | €116,730 | +€56,561 | +94.0% |
| Amounts payable | 17/49 | €34,041 | €15,904 | -€18,138 | -53.3% |
| Amounts payable within one year | 42/48 | €34,041 | €15,904 | -€18,138 | -53.3% |
| Trade debts | 44 | €8,058 | €128 | -€7,930 | -98.4% |
| Suppliers | 440/4 | €8,058 | €128 | -€7,930 | -98.4% |
| Taxes, remuneration and social security | 45 | €8,257 | €5,656 | -€2,600 | -31.5% |
| Taxes | 450/3 | €8,257 | €5,656 | -€2,600 | -31.5% |
| Other amounts payable | 47/48 | €17,727 | €10,119 | -€7,607 | -42.9% |
| Non-recurring operating income | 76A | €9,585 | - | -€9,585 | |
| Remuneration, social security and pensions | 62 | €1,143 | - | -€1,143 | |
| Other operating charges | 640/8 | €715 | €799 | +€85 | +11.8% |
| Gross operating margin | 9900 | -€12,242 | €57,814 | +€70,056 | |
| Operating profit (loss) | 9901 | -€14,101 | €57,015 | +€71,115 | |
| Financial income | 75/76B | €3,627 | €5,363 | +€1,736 | +47.9% |
| Recurring financial income | 75 | €3,627 | €5,363 | +€1,736 | +47.9% |
| Financial charges | 65/66B | €238 | €160 | -€78 | -32.7% |
| Recurring financial charges | 65 | €238 | €160 | -€78 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,711 | €62,218 | +€72,929 | |
| Income taxes | 67/77 | - | €5,656 | +€5,656 | |
| Profit (loss) for the period | 9904 | -€10,711 | €56,561 | +€67,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,711 | €56,561 | +€67,273 |
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.