CHETOX ONE: 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.
CHETOX ONE
Largest movements
- Cash +€64,701
up €64,701 (+184%), from €35,070 to €99,771
mainly Contributions, distributions and other (+€5.9m) and Smaller working-capital items (+€3,626)
- Contributions +€5.9m
up €5.9m (+394%), from €1.5m to €7.4m
- Debts after one year -€5.7m
no longer reported in 2025 (was €5.7m)
- Profit (loss) carried forward -€190,709
down €190,709 (-16.5%), from -€1.2m to -€1.3m
- Financial charges -€80,348
down €80,348 (-30.0%), from €267,920 to €187,572
- Gross operating margin -€4,997
down €4,997, from €3,668 to -€1,329
- Other operating charges +€482
up €482 (+74.8%), from €644 to €1,126
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 | €6,004,008 | €6,064,490 | +€60,482 | +1.0% |
| Formation expenses | 20 | €1,567 | €885 | -€682 | -43.5% |
| Fixed assets | 21/28 | €5,959,980 | €5,959,980 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,959,980 | €5,959,980 | = | 0.0% |
| Other tangible fixed assets | 26 | €5,959,980 | €5,959,980 | = | 0.0% |
| Current assets | 29/58 | €42,461 | €103,625 | +€61,164 | +144% |
| Amounts receivable within one year | 40/41 | €7,391 | €3,854 | -€3,537 | -47.9% |
| Trade receivables | 40 | €7,391 | €3,854 | -€3,537 | -47.9% |
| Cash at bank and in hand | 54/58 | €35,070 | €99,771 | +€64,701 | +184% |
| Total equity and liabilities | 10/49 | €6,004,008 | €6,064,490 | +€60,482 | +1.0% |
| Equity | 10/15 | €341,472 | €6,060,763 | +€5.7m | +1,675% |
| Contributions | 10/11 | €1,500,000 | €7,410,000 | +€5.9m | +394% |
| Capital | 10 | €1,500,000 | €7,410,000 | +€5.9m | +394% |
| Issued capital | 100 | €1,500,000 | €7,410,000 | +€5.9m | +394% |
| Profit (loss) carried forward | 14 | -€1,158,528 | -€1,349,237 | -€190,709 | -16.5% |
| Amounts payable | 17/49 | €5,662,536 | €3,727 | -€5.7m | -99.9% |
| Amounts payable after more than one year | 17 | €5,658,898 | - | -€5.7m | |
| Financial debts | 170/4 | €5,658,898 | - | -€5.7m | |
| Accrued charges and deferred income | 492/3 | €3,638 | €3,727 | +€89 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €682 | = | 0.0% |
| Other operating charges | 640/8 | €644 | €1,126 | +€482 | +74.8% |
| Gross operating margin | 9900 | €3,668 | -€1,329 | -€4,997 | |
| Operating profit (loss) | 9901 | €2,342 | -€3,137 | -€5,479 | |
| Financial charges | 65/66B | €267,920 | €187,572 | -€80,348 | -30.0% |
| Recurring financial charges | 65 | €267,920 | €187,572 | -€80,348 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€265,578 | -€190,709 | +€74,869 | +28.2% |
| Profit (loss) for the period | 9904 | -€265,578 | -€190,709 | +€74,869 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€265,578 | -€190,709 | +€74,869 | +28.2% |
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 1 November 2026 via checked.be.