CHESMA: 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.
CHESMA
Largest movements
- Receivables within one year -€310,293
down €310,293 (-43.7%), from €709,943 to €399,650
of which Trade receivables: -€338,021
- Cash -€50,249
down €50,249 (-100.0%), from €50,255 to €6
mainly Net result for the year (-€284,951) and Other debts (-€103,699)
- Profit (loss) carried forward -€284,951
down €284,951 (-9804.9%), from -€2,906 to -€287,858
- Other debts -€103,699
down €103,699 (-33.4%), from €310,609 to €206,910
- Tax, wage and social debts +€26,977
up €26,977 (+117.0%), from €23,060 to €50,037
of which Remuneration and social security: +€29,376
- Gross operating margin -€288,395
down €288,395, from €41,063 to -€247,332
- Staff costs +€25,889
up €25,889 (+96.5%), from €26,837 to €52,726
- Financial charges -€10,070
down €10,070 (-83.4%), from €12,070 to €2,000
- Financial income +€7,993
up €7,993 (+65.5%), from €12,202 to €20,196
- Taxes -€5,048
down €5,048 (-100.0%), from €5,048 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,753 | €401,693 | -€362,060 | -47.4% |
| Fixed assets | 21/28 | €3,554 | €2,037 | -€1,518 | -42.7% |
| Tangible fixed assets | 22/27 | €3,407 | €1,890 | -€1,518 | -44.5% |
| Plant, machinery and equipment | 23 | €1,683 | €1,147 | -€536 | -31.9% |
| Furniture and vehicles | 24 | €1,724 | €743 | -€982 | -56.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €147 | €147 | = | 0.0% |
| Current assets | 29/58 | €760,198 | €399,656 | -€360,542 | -47.4% |
| Amounts receivable within one year | 40/41 | €709,943 | €399,650 | -€310,293 | -43.7% |
| Trade receivables | 40 | €412,192 | €74,172 | -€338,021 | -82.0% |
| Other amounts receivable | 41 | €297,751 | €325,478 | +€27,728 | +9.3% |
| Cash at bank and in hand | 54/58 | €50,255 | €6 | -€50,249 | -100.0% |
| Total equity and liabilities | 10/49 | €763,753 | €401,693 | -€362,060 | -47.4% |
| Equity | 10/15 | €152,186 | -€132,766 | -€284,951 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,492 | €136,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,860 | €51,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €84,632 | €84,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,906 | -€287,858 | -€284,951 | -9804.9% |
| Amounts payable | 17/49 | €611,567 | €534,459 | -€77,109 | -12.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €431,567 | €354,459 | -€77,109 | -17.9% |
| Financial debts | 43 | €44,400 | €39,400 | -€5,000 | -11.3% |
| Credit institutions | 430/8 | €44,400 | €39,400 | -€5,000 | -11.3% |
| Trade debts | 44 | €53,498 | €58,111 | +€4,613 | +8.6% |
| Suppliers | 440/4 | €53,498 | €58,111 | +€4,613 | +8.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,060 | €50,037 | +€26,977 | +117.0% |
| Taxes | 450/3 | €14,791 | €12,392 | -€2,399 | -16.2% |
| Remuneration and social security | 454/9 | €8,269 | €37,645 | +€29,376 | +355.2% |
| Other amounts payable | 47/48 | €310,609 | €206,910 | -€103,699 | -33.4% |
| Accrued charges and deferred income | 492/3 | €180,000 | €180,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €26,837 | €52,726 | +€25,889 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,652 | €1,518 | -€135 | -8.1% |
| Other operating charges | 640/8 | €4,958 | €1,572 | -€3,387 | -68.3% |
| Non-recurring operating charges | 66A | €2,735 | €0 | -€2,735 | -100.0% |
| Gross operating margin | 9900 | €41,063 | -€247,332 | -€288,395 | |
| Operating profit (loss) | 9901 | €4,881 | -€303,147 | -€308,028 | |
| Financial income | 75/76B | €12,202 | €20,196 | +€7,993 | +65.5% |
| Recurring financial income | 75 | €12,202 | €20,196 | +€7,993 | +65.5% |
| Financial charges | 65/66B | €12,070 | €2,000 | -€10,070 | -83.4% |
| Recurring financial charges | 65 | €12,070 | €2,000 | -€10,070 | -83.4% |
| Profit (loss) for the period before taxes | 9903 | €5,013 | -€284,951 | -€289,965 | |
| Income taxes | 67/77 | €5,048 | €0 | -€5,048 | -100.0% |
| Profit (loss) for the period | 9904 | -€34 | -€284,951 | -€284,917 | -832847.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34 | -€284,951 | -€284,917 | -832847.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.