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
- Tangible fixed assets -€75,000
down €75,000 (-5.2%), from €1.4m to €1.4m
of which Furniture and vehicles: -€75,000
- Profit (loss) carried forward -€191,426
down €191,426 (-31.5%), from -€607,908 to -€799,334
- Debts after one year +€150,000
up €150,000 (+157.9%), from €95,000 to €245,000
- Depreciation -€122,985
down €122,985 (-62.1%), from €197,986 to €75,000
- Gross operating margin -€66,348
down €66,348 (-135.2%), from -€49,075 to -€115,422
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 | €1,506,253 | €1,456,082 | -€50,170 | -3.3% |
| Fixed assets | 21/28 | €1,492,371 | €1,417,370 | -€75,000 | -5.0% |
| Tangible fixed assets | 22/27 | €1,441,356 | €1,366,356 | -€75,000 | -5.2% |
| Furniture and vehicles | 24 | €598,931 | €523,931 | -€75,000 | -12.5% |
| Assets under construction and advance payments | 27 | €842,425 | €842,425 | = | 0.0% |
| Financial fixed assets | 28 | €51,015 | €51,015 | = | 0.0% |
| Current assets | 29/58 | €13,882 | €38,712 | +€24,830 | +178.9% |
| Amounts receivable within one year | 40/41 | €2,004 | €13,451 | +€11,447 | +571.2% |
| Trade receivables | 40 | €658 | €11,587 | +€10,930 | +1662.2% |
| Other amounts receivable | 41 | €1,346 | €1,864 | +€518 | +38.4% |
| Cash at bank and in hand | 54/58 | €11,878 | €25,261 | +€13,383 | +112.7% |
| Total equity and liabilities | 10/49 | €1,506,253 | €1,456,082 | -€50,170 | -3.3% |
| Equity | 10/15 | €492,092 | €300,666 | -€191,426 | -38.9% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€607,908 | -€799,334 | -€191,426 | -31.5% |
| Amounts payable | 17/49 | €1,014,161 | €1,155,416 | +€141,255 | +13.9% |
| Amounts payable after more than one year | 17 | €95,000 | €245,000 | +€150,000 | +157.9% |
| Financial debts | 170/4 | €95,000 | €245,000 | +€150,000 | +157.9% |
| Amounts payable within one year | 42/48 | €919,161 | €910,416 | -€8,745 | -1.0% |
| Financial debts | 43 | €4,819 | €1,572 | -€3,247 | -67.4% |
| Credit institutions | 430/8 | €4,819 | €1,572 | -€3,247 | -67.4% |
| Trade debts | 44 | €29,767 | €18,346 | -€11,421 | -38.4% |
| Suppliers | 440/4 | €29,767 | €18,346 | -€11,421 | -38.4% |
| Taxes, remuneration and social security | 45 | - | €10 | +€10 | |
| Taxes | 450/3 | - | €10 | +€10 | |
| Other amounts payable | 47/48 | €884,575 | €890,488 | +€5,914 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,986 | €75,000 | -€122,985 | -62.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€49,075 | -€115,422 | -€66,348 | -135.2% |
| Operating profit (loss) | 9901 | -€248,028 | -€191,421 | +€56,607 | +22.8% |
| Financial charges | 65/66B | €151 | €5 | -€147 | -97.0% |
| Recurring financial charges | 65 | €151 | €5 | -€147 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€248,179 | -€191,426 | +€56,753 | +22.9% |
| Profit (loss) for the period | 9904 | -€248,179 | -€191,426 | +€56,753 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€248,179 | -€191,426 | +€56,753 | +22.9% |
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 1 October 2026 via checked.be.