CHESTNUT VENTURES: 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.
CHESTNUT VENTURES
Largest movements
- Cash -€69,194
down €69,194 (-91.2%), from €75,909 to €6,715
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€26,609)
- Receivables after one year -€32,426
down €32,426 (-29.0%), from €111,690 to €79,264
- Receivables within one year +€26,609
up €26,609 (+106.0%), from €25,103 to €51,712
of which Trade receivables: +€24,515
- Tangible fixed assets -€2,428
down €2,428 (-53.1%), from €4,574 to €2,146
of which Plant, machinery and equipment: -€1,991
- Reserves -€74,672
down €74,672 (-41.6%), from €179,632 to €104,961
of which Distributable reserves: -€74,672
- Tax, wage and social debts -€2,864
down €2,864 (-16.1%), from €17,823 to €14,958
- Gross operating margin +€14,319
up €14,319 (+15.7%), from €90,952 to €105,271
- Taxes +€4,624
up €4,624 (+20.7%), from €22,335 to €26,958
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 | €217,277 | €139,837 | -€77,440 | -35.6% |
| Fixed assets | 21/28 | €4,574 | €2,146 | -€2,428 | -53.1% |
| Tangible fixed assets | 22/27 | €4,574 | €2,146 | -€2,428 | -53.1% |
| Land and buildings | 22 | €12 | €0 | -€12 | -100.0% |
| Plant, machinery and equipment | 23 | €4,080 | €2,089 | -€1,991 | -48.8% |
| Furniture and vehicles | 24 | €483 | €57 | -€426 | -88.2% |
| Current assets | 29/58 | €212,702 | €137,691 | -€75,012 | -35.3% |
| Amounts receivable after more than one year | 29 | €111,690 | €79,264 | -€32,426 | -29.0% |
| Other amounts receivable | 291 | €111,690 | €79,264 | -€32,426 | -29.0% |
| Amounts receivable within one year | 40/41 | €25,103 | €51,712 | +€26,609 | +106.0% |
| Trade receivables | 40 | €19,360 | €43,875 | +€24,515 | +126.6% |
| Other amounts receivable | 41 | €5,743 | €7,836 | +€2,093 | +36.5% |
| Cash at bank and in hand | 54/58 | €75,909 | €6,715 | -€69,194 | -91.2% |
| Total equity and liabilities | 10/49 | €217,277 | €139,837 | -€77,440 | -35.6% |
| Equity | 10/15 | €198,232 | €123,561 | -€74,672 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,632 | €104,961 | -€74,672 | -41.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,772 | €103,101 | -€74,672 | -42.0% |
| Amounts payable | 17/49 | €19,045 | €16,276 | -€2,768 | -14.5% |
| Amounts payable within one year | 42/48 | €19,045 | €16,276 | -€2,768 | -14.5% |
| Trade debts | 44 | €1,222 | €1,318 | +€96 | +7.9% |
| Suppliers | 440/4 | €1,222 | €1,318 | +€96 | +7.9% |
| Taxes, remuneration and social security | 45 | €17,823 | €14,958 | -€2,864 | -16.1% |
| Taxes | 450/3 | €17,823 | €14,958 | -€2,864 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,312 | €2,428 | +€116 | +5.0% |
| Other operating charges | 640/8 | €546 | €544 | -€2 | -0.4% |
| Gross operating margin | 9900 | €90,952 | €105,271 | +€14,319 | +15.7% |
| Operating profit (loss) | 9901 | €88,094 | €102,299 | +€14,205 | +16.1% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €457 | €44 | -€412 | -90.3% |
| Recurring financial charges | 65 | €457 | €44 | -€412 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | €87,637 | €102,287 | +€14,650 | +16.7% |
| Income taxes | 67/77 | €22,335 | €26,958 | +€4,624 | +20.7% |
| Profit (loss) for the period | 9904 | €65,303 | €75,329 | +€10,026 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,303 | €75,329 | +€10,026 | +15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.