CHEYAN: 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.
CHEYAN
Largest movements
- Cash +€16,144
up €16,144 (+53.2%), from €30,362 to €46,506
mainly Net result for the year (+€27,900) and Depreciation (+€24,917)
- Intangible fixed assets -€12,000
down €12,000 (-33.3%), from €36,000 to €24,000
- Stocks and contracts -€6,343
down €6,343 (-59.7%), from €10,627 to €4,284
- Tangible fixed assets +€4,687
up €4,687 (+5.0%), from €93,961 to €98,649
of which Other tangible fixed assets: +€6,196
- Receivables within one year -€3,132
down €3,132 (-9.5%), from €32,905 to €29,773
of which Trade receivables: -€6,215
- Debts after one year -€11,631
down €11,631 (-17.2%), from €67,717 to €56,086
- Provisions +€11,383
new in 2025: €11,383
- Trade debts +€6,032
up €6,032 (+11.3%), from €53,286 to €59,318
- Tax, wage and social debts -€6,031
down €6,031 (-9.4%), from €64,246 to €58,215
of which Taxes: -€3,445
- Other debts +€3,777
up €3,777, from €0 to €3,777
- Gross operating margin +€38,928
up €38,928 (+23.5%), from €165,472 to €204,401
- Provisions +€11,383
new in 2025: €11,383
- Staff costs +€7,998
up €7,998 (+7.2%), from €110,783 to €118,781
- Taxes +€7,738
up €7,738 (+161.5%), from €4,792 to €12,529
- Depreciation +€2,987
up €2,987 (+13.6%), from €21,930 to €24,917
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 | €204,054 | €203,621 | -€433 | -0.2% |
| Fixed assets | 21/28 | €130,161 | €123,059 | -€7,103 | -5.5% |
| Intangible fixed assets | 21 | €36,000 | €24,000 | -€12,000 | -33.3% |
| Tangible fixed assets | 22/27 | €93,961 | €98,649 | +€4,687 | +5.0% |
| Furniture and vehicles | 24 | €5,127 | €3,619 | -€1,508 | -29.4% |
| Other tangible fixed assets | 26 | €88,834 | €95,030 | +€6,196 | +7.0% |
| Financial fixed assets | 28 | €200 | €410 | +€210 | +105.0% |
| Current assets | 29/58 | €73,893 | €80,563 | +€6,670 | +9.0% |
| Stocks and contracts in progress | 3 | €10,627 | €4,284 | -€6,343 | -59.7% |
| Stocks | 30/36 | €10,627 | €4,284 | -€6,343 | -59.7% |
| Amounts receivable within one year | 40/41 | €32,905 | €29,773 | -€3,132 | -9.5% |
| Trade receivables | 40 | €13,057 | €6,841 | -€6,215 | -47.6% |
| Other amounts receivable | 41 | €19,848 | €22,931 | +€3,083 | +15.5% |
| Cash at bank and in hand | 54/58 | €30,362 | €46,506 | +€16,144 | +53.2% |
| Total equity and liabilities | 10/49 | €204,054 | €203,621 | -€433 | -0.2% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €11,383 | +€11,383 | |
| Provisions for liabilities and charges | 160/5 | - | €11,383 | +€11,383 | |
| Other liabilities and charges | 164/5 | - | €11,383 | +€11,383 | |
| Amounts payable | 17/49 | €201,554 | €189,739 | -€11,816 | -5.9% |
| Amounts payable after more than one year | 17 | €67,717 | €56,086 | -€11,631 | -17.2% |
| Financial debts | 170/4 | €67,717 | €56,086 | -€11,631 | -17.2% |
| Amounts payable within one year | 42/48 | €133,838 | €133,653 | -€185 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €14,258 | €11,631 | -€2,627 | -18.4% |
| Trade debts | 44 | €53,286 | €59,318 | +€6,032 | +11.3% |
| Suppliers | 440/4 | €53,286 | €59,318 | +€6,032 | +11.3% |
| Advances received on contracts in progress | 46 | €2,047 | €712 | -€1,335 | -65.2% |
| Taxes, remuneration and social security | 45 | €64,246 | €58,215 | -€6,031 | -9.4% |
| Taxes | 450/3 | €37,621 | €34,176 | -€3,445 | -9.2% |
| Remuneration and social security | 454/9 | €26,626 | €24,039 | -€2,587 | -9.7% |
| Other amounts payable | 47/48 | €0 | €3,777 | +€3,777 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €110,783 | €118,781 | +€7,998 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,930 | €24,917 | +€2,987 | +13.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €11,383 | +€11,383 | |
| Other operating charges | 640/8 | €2,364 | €1,362 | -€1,002 | -42.4% |
| Gross operating margin | 9900 | €165,472 | €204,401 | +€38,928 | +23.5% |
| Operating profit (loss) | 9901 | €30,395 | €47,958 | +€17,563 | +57.8% |
| Financial income | 75/76B | €4,007 | €1,538 | -€2,469 | -61.6% |
| Recurring financial income | 75 | €4,007 | €1,538 | -€2,469 | -61.6% |
| Financial charges | 65/66B | €7,290 | €9,067 | +€1,777 | +24.4% |
| Recurring financial charges | 65 | €7,290 | €9,067 | +€1,777 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €27,112 | €40,429 | +€13,317 | +49.1% |
| Income taxes | 67/77 | €4,792 | €12,529 | +€7,738 | +161.5% |
| Profit (loss) for the period | 9904 | €22,320 | €27,900 | +€5,580 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,320 | €27,900 | +€5,580 | +25.0% |
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 28 September 2026 via checked.be.