CHESKO: 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.
CHESKO
Largest movements
- Tangible fixed assets -€30,178
down €30,178 (-9.4%), from €320,904 to €290,725
of which Land and buildings: -€29,198
- Cash +€20,784
up €20,784 (+508%), from €4,090 to €24,874
mainly Net result for the year (+€50,881) and Depreciation (+€30,178)
- Receivables within one year -€3,754
down €3,754 (-25.8%), from €14,566 to €10,812
of which Trade receivables: -€3,087
- Debts after one year -€61,149
down €61,149 (-85.4%), from €71,577 to €10,429
- Reserves +€49,322
up €49,322 (+226%), from €21,785 to €71,107
- Tax, wage and social debts +€21,005
new in 2025: €21,005
- Current portion of long-term debt -€20,025
down €20,025 (-76.3%), from €26,244 to €6,219
- Gross operating margin +€76,693
up €76,693 (+243%), from €31,530 to €108,223
- Taxes +€21,005
new in 2025: €21,005
- Financial charges -€1,923
down €1,923 (-42.9%), from €4,479 to €2,555
- Depreciation -€1,606
down €1,606 (-5.1%), from €31,785 to €30,178
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 | €339,560 | €328,431 | -€11,129 | -3.3% |
| Fixed assets | 21/28 | €320,904 | €290,725 | -€30,178 | -9.4% |
| Tangible fixed assets | 22/27 | €320,904 | €290,725 | -€30,178 | -9.4% |
| Land and buildings | 22 | €319,743 | €290,545 | -€29,198 | -9.1% |
| Plant, machinery and equipment | 23 | €1,161 | €180 | -€981 | -84.5% |
| Current assets | 29/58 | €18,656 | €37,706 | +€19,050 | +102% |
| Amounts receivable within one year | 40/41 | €14,566 | €10,812 | -€3,754 | -25.8% |
| Trade receivables | 40 | €8,587 | €5,500 | -€3,087 | -36.0% |
| Other amounts receivable | 41 | €5,979 | €5,312 | -€667 | -11.2% |
| Cash at bank and in hand | 54/58 | €4,090 | €24,874 | +€20,784 | +508% |
| Deferred charges and accrued income | 490/1 | - | €2,019 | +€2,019 | |
| Total equity and liabilities | 10/49 | €339,560 | €328,431 | -€11,129 | -3.3% |
| Equity | 10/15 | €238,076 | €288,957 | +€50,881 | +21.4% |
| Contributions | 10/11 | €217,850 | €217,850 | = | 0.0% |
| Reserves | 13 | €21,785 | €71,107 | +€49,322 | +226% |
| Distributable reserves | 133 | €21,785 | €71,107 | +€49,322 | +226% |
| Profit (loss) carried forward | 14 | -€1,559 | - | +€1,559 | |
| Amounts payable | 17/49 | €101,483 | €39,473 | -€62,010 | -61.1% |
| Amounts payable after more than one year | 17 | €71,577 | €10,429 | -€61,149 | -85.4% |
| Financial debts | 170/4 | €71,577 | €10,429 | -€61,149 | -85.4% |
| Amounts payable within one year | 42/48 | €27,966 | €29,045 | +€1,079 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €26,244 | €6,219 | -€20,025 | -76.3% |
| Trade debts | 44 | €1,101 | - | -€1,101 | |
| Suppliers | 440/4 | €1,101 | - | -€1,101 | |
| Taxes, remuneration and social security | 45 | - | €21,005 | +€21,005 | |
| Taxes | 450/3 | - | €21,005 | +€21,005 | |
| Other amounts payable | 47/48 | €621 | €1,821 | +€1,200 | +193% |
| Accrued charges and deferred income | 492/3 | €1,940 | - | -€1,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,785 | €30,178 | -€1,606 | -5.1% |
| Other operating charges | 640/8 | €3,494 | €3,603 | +€109 | +3.1% |
| Gross operating margin | 9900 | €31,530 | €108,223 | +€76,693 | +243% |
| Operating profit (loss) | 9901 | -€3,749 | €74,441 | +€78,190 | |
| Financial charges | 65/66B | €4,479 | €2,555 | -€1,923 | -42.9% |
| Recurring financial charges | 65 | €4,479 | €2,555 | -€1,923 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,227 | €71,886 | +€80,113 | |
| Income taxes | 67/77 | - | €21,005 | +€21,005 | |
| Profit (loss) for the period | 9904 | -€8,227 | €50,881 | +€59,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,227 | €50,881 | +€59,109 |
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 19 October 2026 via checked.be.