CHEUNG PROPERTIES: 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.
CHEUNG PROPERTIES
Largest movements
- Tangible fixed assets -€48,252
down €48,252 (-4.0%), from €1.2m to €1.2m
of which Land and buildings: -€42,446
- Debts after one year -€51,368
down €51,368 (-8.8%), from €582,753 to €531,385
- Profit (loss) carried forward +€17,928
up €17,928 (+27.5%), from -€65,086 to -€47,158
- Gross operating margin +€51,049
up €51,049 (+111.8%), from €45,652 to €96,701
- Depreciation -€34,285
down €34,285 (-41.7%), from €82,185 to €47,900
- Financial charges +€5,074
up €5,074 (+32.4%), from €15,676 to €20,750
- Other operating charges +€3,692
up €3,692 (+38.3%), from €9,642 to €13,334
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 | €1,201,277 | €1,153,191 | -€48,087 | -4.0% |
| Fixed assets | 21/28 | €1,199,181 | €1,150,929 | -€48,252 | -4.0% |
| Tangible fixed assets | 22/27 | €1,198,588 | €1,150,336 | -€48,252 | -4.0% |
| Land and buildings | 22 | €1,150,841 | €1,108,395 | -€42,446 | -3.7% |
| Other tangible fixed assets | 26 | €47,747 | €41,941 | -€5,806 | -12.2% |
| Financial fixed assets | 28 | €593 | €593 | = | 0.0% |
| Current assets | 29/58 | €2,096 | €2,261 | +€165 | +7.9% |
| Cash at bank and in hand | 54/58 | €747 | €781 | +€34 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,349 | €1,480 | +€131 | +9.7% |
| Total equity and liabilities | 10/49 | €1,201,277 | €1,153,191 | -€48,087 | -4.0% |
| Equity | 10/15 | €74,791 | €90,600 | +€15,808 | +21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €121,285 | €119,166 | -€2,119 | -1.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,524 | €22,404 | -€2,119 | -8.6% |
| Distributable reserves | 133 | €94,902 | €94,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,086 | -€47,158 | +€17,928 | +27.5% |
| Provisions and deferred taxes | 16 | €12,628 | €11,536 | -€1,091 | -8.6% |
| Deferred taxes | 168 | €12,628 | €11,536 | -€1,091 | -8.6% |
| Amounts payable | 17/49 | €1,113,858 | €1,051,055 | -€62,804 | -5.6% |
| Amounts payable after more than one year | 17 | €582,753 | €531,385 | -€51,368 | -8.8% |
| Financial debts | 170/4 | €582,753 | €531,385 | -€51,368 | -8.8% |
| Amounts payable within one year | 42/48 | €528,406 | €519,670 | -€8,736 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €49,551 | €51,368 | +€1,816 | +3.7% |
| Trade debts | 44 | €2,783 | - | -€2,783 | |
| Suppliers | 440/4 | €2,783 | - | -€2,783 | |
| Other amounts payable | 47/48 | €476,072 | €468,302 | -€7,770 | -1.6% |
| Accrued charges and deferred income | 492/3 | €2,700 | - | -€2,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,185 | €47,900 | -€34,285 | -41.7% |
| Other operating charges | 640/8 | €9,642 | €13,334 | +€3,692 | +38.3% |
| Gross operating margin | 9900 | €45,652 | €96,701 | +€51,049 | +111.8% |
| Operating profit (loss) | 9901 | -€46,175 | €35,467 | +€81,642 | |
| Financial charges | 65/66B | €15,676 | €20,750 | +€5,074 | +32.4% |
| Recurring financial charges | 65 | €15,676 | €20,750 | +€5,074 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | -€61,851 | €14,717 | +€76,568 | |
| Transfer from deferred taxes | 780 | €1,091 | €1,091 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€60,759 | €15,808 | +€76,568 | |
| Transfer from tax-exempt reserves | 789 | €2,119 | €2,119 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,640 | €17,928 | +€76,568 |
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 10 October 2026 via checked.be.