CHESTERGARDEN: 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.
CHESTERGARDEN
Largest movements
- Stocks and contracts +€25,426
up €25,426 (+66.3%), from €38,333 to €63,758
- Cash -€16,485
down €16,485 (-57.1%), from €28,882 to €12,397
mainly Short-term financial debts (-€50,000) and Stocks and contracts (-€25,426)
- Receivables within one year -€10,402
down €10,402 (-20.7%), from €50,166 to €39,764
of which Trade receivables: -€20,798
- Tangible fixed assets -€8,380
down €8,380 (-5.8%), from €143,787 to €135,407
of which Land and buildings: -€8,193
- Short-term financial debts -€50,000
down €50,000 (-22.2%), from €225,000 to €175,000
- Current portion of long-term debt +€17,994
up €17,994 (+303%), from €5,940 to €23,933
- Debts after one year +€15,930
up €15,930 (+19.4%), from €82,109 to €98,040
- Profit (loss) carried forward +€5,615
up €5,615 (+4.4%), from -€127,102 to -€121,486
- Tax, wage and social debts -€3,041
down €3,041 (-15.4%), from €19,787 to €16,746
- Gross operating margin -€18,133
down €18,133 (-36.4%), from €49,762 to €31,629
- Financial charges -€3,615
down €3,615 (-20.2%), from €17,859 to €14,244
- Depreciation -€1,614
down €1,614 (-13.9%), from €11,621 to €10,006
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 | €268,791 | €257,177 | -€11,613 | -4.3% |
| Fixed assets | 21/28 | €149,665 | €140,155 | -€9,510 | -6.4% |
| Intangible fixed assets | 21 | €4,435 | €3,305 | -€1,130 | -25.5% |
| Tangible fixed assets | 22/27 | €143,787 | €135,407 | -€8,380 | -5.8% |
| Land and buildings | 22 | €141,464 | €133,271 | -€8,193 | -5.8% |
| Furniture and vehicles | 24 | €2,323 | €2,136 | -€187 | -8.1% |
| Financial fixed assets | 28 | €1,443 | €1,443 | = | 0.0% |
| Current assets | 29/58 | €119,126 | €117,022 | -€2,103 | -1.8% |
| Stocks and contracts in progress | 3 | €38,333 | €63,758 | +€25,426 | +66.3% |
| Stocks | 30/36 | €38,333 | €63,758 | +€25,426 | +66.3% |
| Amounts receivable within one year | 40/41 | €50,166 | €39,764 | -€10,402 | -20.7% |
| Trade receivables | 40 | €39,503 | €18,704 | -€20,798 | -52.7% |
| Other amounts receivable | 41 | €10,663 | €21,060 | +€10,396 | +97.5% |
| Cash at bank and in hand | 54/58 | €28,882 | €12,397 | -€16,485 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,746 | €1,104 | -€642 | -36.8% |
| Total equity and liabilities | 10/49 | €268,791 | €257,177 | -€11,613 | -4.3% |
| Equity | 10/15 | -€96,363 | -€90,748 | +€5,615 | +5.8% |
| Contributions | 10/11 | €8,040 | €8,040 | = | 0.0% |
| Revaluation surpluses | 12 | €20,312 | €18,750 | -€1,563 | -7.7% |
| Reserves | 13 | €2,386 | €3,948 | +€1,563 | +65.5% |
| Non-distributable reserves | 130/1 | €823 | €823 | = | 0.0% |
| Other | 1319 | €823 | €823 | = | 0.0% |
| Distributable reserves | 133 | €1,563 | €3,125 | +€1,563 | +100% |
| Profit (loss) carried forward | 14 | -€127,102 | -€121,486 | +€5,615 | +4.4% |
| Amounts payable | 17/49 | €365,154 | €347,925 | -€17,229 | -4.7% |
| Amounts payable after more than one year | 17 | €82,109 | €98,040 | +€15,930 | +19.4% |
| Financial debts | 170/4 | €82,109 | €98,040 | +€15,930 | +19.4% |
| Amounts payable within one year | 42/48 | €283,045 | €248,672 | -€34,373 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €5,940 | €23,933 | +€17,994 | +303% |
| Financial debts | 43 | €225,000 | €175,000 | -€50,000 | -22.2% |
| Credit institutions | 430/8 | €225,000 | €175,000 | -€50,000 | -22.2% |
| Trade debts | 44 | €32,319 | €32,993 | +€674 | +2.1% |
| Suppliers | 440/4 | €32,319 | €32,993 | +€674 | +2.1% |
| Taxes, remuneration and social security | 45 | €19,787 | €16,746 | -€3,041 | -15.4% |
| Taxes | 450/3 | €19,787 | €16,746 | -€3,041 | -15.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €1,214 | +€1,214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,621 | €10,006 | -€1,614 | -13.9% |
| Other operating charges | 640/8 | €1,499 | €1,779 | +€280 | +18.7% |
| Gross operating margin | 9900 | €49,762 | €31,629 | -€18,133 | -36.4% |
| Operating profit (loss) | 9901 | €36,642 | €19,844 | -€16,798 | -45.8% |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €17,859 | €14,244 | -€3,615 | -20.2% |
| Recurring financial charges | 65 | €17,859 | €14,244 | -€3,615 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €18,783 | €5,615 | -€13,167 | -70.1% |
| Income taxes | 67/77 | -€6 | - | +€6 | |
| Profit (loss) for the period | 9904 | €18,789 | €5,615 | -€13,173 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,789 | €5,615 | -€13,173 | -70.1% |
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 20 October 2026 via checked.be.