CHEYENNE: 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.
CHEYENNE
Largest movements
- Cash +€34,794
up €34,794 (+459.8%), from €7,568 to €42,362
mainly Net result for the year (+€15,251) and Depreciation (+€13,663)
- Tangible fixed assets -€12,671
down €12,671 (-28.1%), from €45,158 to €32,487
of which Furniture and vehicles: -€8,262
- Receivables within one year -€10,735
down €10,735 (-80.6%), from €13,312 to €2,578
of which Trade receivables: -€8,357
- Receivables after one year -€2,481
no longer reported in 2025 (was €2,481)
- Profit (loss) carried forward +€8,851
up €8,851, from -€8,787 to €64
- Other debts +€8,608
new in 2025: €8,608
- Debts after one year -€6,084
down €6,084 (-56.8%), from €10,717 to €4,633
- Tax, wage and social debts -€3,633
down €3,633 (-46.6%), from €7,794 to €4,161
of which Remuneration and social security: -€5,615
- Reserves +€2,400
up €2,400 (+7.8%), from €30,749 to €33,149
of which Distributable reserves: +€2,400
- Gross operating margin +€35,974
up €35,974, from -€3,070 to €32,904
- Depreciation -€1,105
down €1,105 (-7.5%), from €14,768 to €13,663
- Taxes +€651
up €651 (+508.8%), from €128 to €779
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 | €70,888 | €79,677 | +€8,789 | +12.4% |
| Fixed assets | 21/28 | €45,282 | €32,610 | -€12,671 | -28.0% |
| Tangible fixed assets | 22/27 | €45,158 | €32,487 | -€12,671 | -28.1% |
| Land and buildings | 22 | €16,183 | €11,476 | -€4,708 | -29.1% |
| Furniture and vehicles | 24 | €27,928 | €19,666 | -€8,262 | -29.6% |
| Other tangible fixed assets | 26 | €1,046 | €1,345 | +€299 | +28.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €25,607 | €47,067 | +€21,460 | +83.8% |
| Amounts receivable after more than one year | 29 | €2,481 | - | -€2,481 | |
| Trade receivables | 290 | €2,481 | - | -€2,481 | |
| Amounts receivable within one year | 40/41 | €13,312 | €2,578 | -€10,735 | -80.6% |
| Trade receivables | 40 | €10,935 | €2,578 | -€8,357 | -76.4% |
| Other amounts receivable | 41 | €2,377 | - | -€2,377 | |
| Cash at bank and in hand | 54/58 | €7,568 | €42,362 | +€34,794 | +459.8% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,127 | -€119 | -5.3% |
| Total equity and liabilities | 10/49 | €70,888 | €79,677 | +€8,789 | +12.4% |
| Equity | 10/15 | €43,776 | €55,027 | +€11,251 | +25.7% |
| Contributions | 10/11 | €21,815 | €21,815 | = | 0.0% |
| Reserves | 13 | €30,749 | €33,149 | +€2,400 | +7.8% |
| Tax-exempt reserves | 132 | €1,749 | €1,749 | = | 0.0% |
| Distributable reserves | 133 | €29,000 | €31,400 | +€2,400 | +8.3% |
| Profit (loss) carried forward | 14 | -€8,787 | €64 | +€8,851 | |
| Amounts payable | 17/49 | €27,112 | €24,650 | -€2,462 | -9.1% |
| Amounts payable after more than one year | 17 | €10,717 | €4,633 | -€6,084 | -56.8% |
| Financial debts | 170/4 | €10,717 | €4,633 | -€6,084 | -56.8% |
| Amounts payable within one year | 42/48 | €16,007 | €19,997 | +€3,989 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €7,403 | €6,084 | -€1,319 | -17.8% |
| Trade debts | 44 | €811 | €1,143 | +€333 | +41.0% |
| Suppliers | 440/4 | €811 | €1,143 | +€333 | +41.0% |
| Taxes, remuneration and social security | 45 | €7,794 | €4,161 | -€3,633 | -46.6% |
| Taxes | 450/3 | €2,179 | €4,161 | +€1,982 | +91.0% |
| Remuneration and social security | 454/9 | €5,615 | - | -€5,615 | |
| Other amounts payable | 47/48 | - | €8,608 | +€8,608 | |
| Accrued charges and deferred income | 492/3 | €387 | €20 | -€368 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,768 | €13,663 | -€1,105 | -7.5% |
| Other operating charges | 640/8 | €1,969 | €2,235 | +€266 | +13.5% |
| Non-recurring operating charges | 66A | €1,072 | - | -€1,072 | |
| Gross operating margin | 9900 | -€3,070 | €32,904 | +€35,974 | |
| Operating profit (loss) | 9901 | -€20,879 | €17,006 | +€37,885 | |
| Financial income | 75/76B | €127 | €82 | -€45 | -35.2% |
| Recurring financial income | 75 | €127 | €82 | -€45 | -35.2% |
| Financial charges | 65/66B | €1,339 | €1,058 | -€281 | -21.0% |
| Recurring financial charges | 65 | €1,339 | €1,058 | -€281 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,091 | €16,030 | +€38,121 | |
| Income taxes | 67/77 | €128 | €779 | +€651 | +508.8% |
| Profit (loss) for the period | 9904 | -€22,219 | €15,251 | +€37,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,219 | €15,251 | +€37,470 |
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 6 October 2026 via checked.be.