CHESLIN: 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.
CHESLIN
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€156,741
down €156,741 (-33.6%), from €466,208 to €309,467
mainly Current investments (-€200,000) and Current portion of long-term debt (-€35,634)
- Tangible fixed assets -€43,371
down €43,371 (-20.7%), from €209,580 to €166,209
of which Plant, machinery and equipment: -€31,433
- Stocks and contracts +€22,851
up €22,851 (+7.9%), from €288,754 to €311,605
- Deferred charges and accrued income +€16,890
up €16,890 (+236%), from €7,165 to €24,055
- Reserves +€128,800
up €128,800 (+14.2%), from €905,559 to €1.0m
- Current portion of long-term debt -€35,634
down €35,634 (-54.4%), from €65,548 to €29,914
- Trade debts -€33,731
down €33,731 (-15.1%), from €223,171 to €189,439
- Debts after one year -€29,914
down €29,914 (-42.5%), from €70,383 to €40,470
- Staff costs +€27,263
up €27,263 (+4.4%), from €619,280 to €646,543
- Depreciation -€11,042
down €11,042 (-14.1%), from €78,159 to €67,117
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 | €1,357,707 | €1,382,197 | +€24,490 | +1.8% |
| Fixed assets | 21/28 | €214,570 | €171,199 | -€43,371 | -20.2% |
| Tangible fixed assets | 22/27 | €209,580 | €166,209 | -€43,371 | -20.7% |
| Plant, machinery and equipment | 23 | €167,153 | €135,720 | -€31,433 | -18.8% |
| Furniture and vehicles | 24 | €13,412 | €8,662 | -€4,750 | -35.4% |
| Other tangible fixed assets | 26 | €29,016 | €21,827 | -€7,188 | -24.8% |
| Financial fixed assets | 28 | €4,990 | €4,990 | = | 0.0% |
| Current assets | 29/58 | €1,143,137 | €1,210,998 | +€67,861 | +5.9% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €288,754 | €311,605 | +€22,851 | +7.9% |
| Stocks | 30/36 | €288,754 | €311,605 | +€22,851 | +7.9% |
| Amounts receivable within one year | 40/41 | €131,010 | €115,871 | -€15,139 | -11.6% |
| Trade receivables | 40 | €97,340 | €63,077 | -€34,263 | -35.2% |
| Other amounts receivable | 41 | €33,670 | €52,794 | +€19,124 | +56.8% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €466,208 | €309,467 | -€156,741 | -33.6% |
| Deferred charges and accrued income | 490/1 | €7,165 | €24,055 | +€16,890 | +236% |
| Total equity and liabilities | 10/49 | €1,357,707 | €1,382,197 | +€24,490 | +1.8% |
| Equity | 10/15 | €915,559 | €1,044,359 | +€128,800 | +14.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €905,559 | €1,034,359 | +€128,800 | +14.2% |
| Distributable reserves | 133 | €905,559 | €1,034,359 | +€128,800 | +14.2% |
| Amounts payable | 17/49 | €442,148 | €337,838 | -€104,311 | -23.6% |
| Amounts payable after more than one year | 17 | €70,383 | €40,470 | -€29,914 | -42.5% |
| Financial debts | 170/4 | €70,383 | €40,470 | -€29,914 | -42.5% |
| Amounts payable within one year | 42/48 | €371,765 | €297,368 | -€74,397 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €65,548 | €29,914 | -€35,634 | -54.4% |
| Trade debts | 44 | €223,171 | €189,439 | -€33,731 | -15.1% |
| Suppliers | 440/4 | €223,171 | €189,439 | -€33,731 | -15.1% |
| Taxes, remuneration and social security | 45 | €83,047 | €78,015 | -€5,032 | -6.1% |
| Taxes | 450/3 | €21,335 | €23,874 | +€2,539 | +11.9% |
| Remuneration and social security | 454/9 | €61,712 | €54,142 | -€7,570 | -12.3% |
| Remuneration, social security and pensions | 62 | €619,280 | €646,543 | +€27,263 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,159 | €67,117 | -€11,042 | -14.1% |
| Other operating charges | 640/8 | €6,831 | €6,174 | -€657 | -9.6% |
| Gross operating margin | 9900 | €914,786 | €919,926 | +€5,140 | +0.6% |
| Operating profit (loss) | 9901 | €210,516 | €200,092 | -€10,424 | -5.0% |
| Financial income | 75/76B | €6,979 | €15,051 | +€8,073 | +116% |
| Recurring financial income | 75 | €6,979 | €15,051 | +€8,073 | +116% |
| Financial charges | 65/66B | €22,209 | €21,951 | -€258 | -1.2% |
| Recurring financial charges | 65 | €22,209 | €21,951 | -€258 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €195,286 | €193,193 | -€2,093 | -1.1% |
| Income taxes | 67/77 | €66,340 | €64,392 | -€1,947 | -2.9% |
| Profit (loss) for the period | 9904 | €128,946 | €128,800 | -€146 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,946 | €128,800 | -€146 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.