CHEVRINVEST: 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.
CHEVRINVEST
Largest movements
- Financial fixed assets +€367,515
up €367,515 (+277.4%), from €132,485 to €500,000
- Tangible fixed assets +€312,941
up €312,941 (+28.2%), from €1.1m to €1.4m
of which Land and buildings: +€327,661
- Cash -€70,763
down €70,763 (-38.7%), from €182,890 to €112,127
mainly Investment in fixed assets (net) (-€796,531) and Receivables within one year (-€3,990)
- Intangible fixed assets +€37,085
new in 2025: €37,085
- Reserves +€349,698
up €349,698 (+77.2%), from €452,914 to €802,612
of which Distributable reserves: +€360,420
- Debts after one year +€241,901
up €241,901 (+34.8%), from €696,023 to €937,925
of which Financial debts: +€241,901
- Tax, wage and social debts +€28,305
up €28,305 (+143.1%), from €19,781 to €48,086
- Current portion of long-term debt +€24,420
up €24,420 (+41.6%), from €58,728 to €83,147
- Financial income +€314,467
up €314,467 (+441.2%), from €71,268 to €385,735
of which Non-recurring financial income: +€367,515
- Gross operating margin -€26,024
down €26,024 (-17.9%), from €145,196 to €119,172
- Depreciation +€19,025
up €19,025 (+31.7%), from €59,964 to €78,989
- Taxes +€17,615
up €17,615 (+67.3%), from €26,165 to €43,780
- Financial charges +€8,541
up €8,541 (+54.5%), from €15,664 to €24,205
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 | €1,504,321 | €2,148,700 | +€644,379 | +42.8% |
| Fixed assets | 21/28 | €1,243,303 | €1,960,845 | +€717,542 | +57.7% |
| Intangible fixed assets | 21 | - | €37,085 | +€37,085 | |
| Tangible fixed assets | 22/27 | €1,110,819 | €1,423,760 | +€312,941 | +28.2% |
| Land and buildings | 22 | €1,026,169 | €1,353,830 | +€327,661 | +31.9% |
| Plant, machinery and equipment | 23 | €49,155 | €38,629 | -€10,526 | -21.4% |
| Furniture and vehicles | 24 | €35,494 | €31,301 | -€4,193 | -11.8% |
| Financial fixed assets | 28 | €132,485 | €500,000 | +€367,515 | +277.4% |
| Current assets | 29/58 | €261,017 | €187,855 | -€73,162 | -28.0% |
| Amounts receivable after more than one year | 29 | €28,481 | €21,729 | -€6,751 | -23.7% |
| Trade receivables | 290 | €28,481 | €21,729 | -€6,751 | -23.7% |
| Amounts receivable within one year | 40/41 | €42,153 | €46,143 | +€3,990 | +9.5% |
| Trade receivables | 40 | €35,634 | €17,948 | -€17,686 | -49.6% |
| Other amounts receivable | 41 | €6,519 | €28,195 | +€21,676 | +332.5% |
| Cash at bank and in hand | 54/58 | €182,890 | €112,127 | -€70,763 | -38.7% |
| Deferred charges and accrued income | 490/1 | €7,494 | €7,856 | +€362 | +4.8% |
| Total equity and liabilities | 10/49 | €1,504,321 | €2,148,700 | +€644,379 | +42.8% |
| Equity | 10/15 | €656,840 | €1,006,538 | +€349,698 | +53.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €452,914 | €802,612 | +€349,698 | +77.2% |
| Tax-exempt reserves | 132 | €226,776 | €216,055 | -€10,721 | -4.7% |
| Distributable reserves | 133 | €226,137 | €586,557 | +€360,420 | +159.4% |
| Profit (loss) carried forward | 14 | €185,327 | €185,327 | = | 0.0% |
| Provisions and deferred taxes | 16 | €54,907 | €51,333 | -€3,574 | -6.5% |
| Deferred taxes | 168 | €54,907 | €51,333 | -€3,574 | -6.5% |
| Amounts payable | 17/49 | €792,573 | €1,090,828 | +€298,255 | +37.6% |
| Amounts payable after more than one year | 17 | €696,023 | €937,925 | +€241,901 | +34.8% |
| Financial debts | 170/4 | €685,517 | €927,418 | +€241,901 | +35.3% |
| Other amounts payable | 178/9 | €10,506 | €10,506 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,512 | €152,903 | +€56,392 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €58,728 | €83,147 | +€24,420 | +41.6% |
| Trade debts | 44 | €3,540 | €6,642 | +€3,101 | +87.6% |
| Suppliers | 440/4 | €3,540 | €6,642 | +€3,101 | +87.6% |
| Taxes, remuneration and social security | 45 | €19,781 | €48,086 | +€28,305 | +143.1% |
| Taxes | 450/3 | €19,781 | €48,086 | +€28,305 | +143.1% |
| Other amounts payable | 47/48 | €14,462 | €15,028 | +€566 | +3.9% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,964 | €78,989 | +€19,025 | +31.7% |
| Other operating charges | 640/8 | €9,689 | €11,808 | +€2,120 | +21.9% |
| Gross operating margin | 9900 | €145,196 | €119,172 | -€26,024 | -17.9% |
| Operating profit (loss) | 9901 | €75,543 | €28,374 | -€47,169 | -62.4% |
| Financial income | 75/76B | €71,268 | €385,735 | +€314,467 | +441.2% |
| Recurring financial income | 75 | €71,268 | €18,220 | -€53,048 | -74.4% |
| Non-recurring financial income | 76B | - | €367,515 | +€367,515 | |
| Financial charges | 65/66B | €15,664 | €24,205 | +€8,541 | +54.5% |
| Recurring financial charges | 65 | €15,664 | €24,205 | +€8,541 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €131,147 | €389,904 | +€258,757 | +197.3% |
| Transfer from deferred taxes | 780 | €3,574 | €3,574 | = | 0.0% |
| Income taxes | 67/77 | €26,165 | €43,780 | +€17,615 | +67.3% |
| Profit (loss) for the period | 9904 | €108,556 | €349,698 | +€241,142 | +222.1% |
| Transfer from tax-exempt reserves | 789 | €10,721 | €10,721 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,277 | €360,420 | +€241,142 | +202.2% |
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 11 October 2026 via checked.be.