CHEZ FENG: 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.
CHEZ FENG
Largest movements
- Cash +€79,181
up €79,181 (+166%), from €47,573 to €126,754
mainly Net result for the year (+€38,706) and Tax, wage and social debts (+€27,672)
- Tangible fixed assets -€10,357
down €10,357 (-17.8%), from €58,238 to €47,881
of which Furniture and vehicles: -€7,951
- Reserves +€38,700
up €38,700 (+49.2%), from €78,602 to €117,302
- Tax, wage and social debts +€27,672
up €27,672 (+221%), from €12,525 to €40,197
of which Taxes: +€17,935
- Trade debts +€4,326
up €4,326 (+68.3%), from €6,330 to €10,657
- Gross operating margin +€56,881
up €56,881 (+161%), from €35,298 to €92,178
- Taxes +€15,364
up €15,364 (+312%), from €4,930 to €20,293
- Staff costs +€3,680
new in 2025: €3,680
- Financial charges -€3,622
down €3,622 (-50.2%), from €7,211 to €3,589
of which Non-recurring financial charges: -€4,000
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.
Derived cash bridge
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 | €118,135 | €188,880 | +€70,745 | +59.9% |
| Fixed assets | 21/28 | €64,317 | €53,960 | -€10,357 | -16.1% |
| Tangible fixed assets | 22/27 | €58,238 | €47,881 | -€10,357 | -17.8% |
| Land and buildings | 22 | €3,135 | €2,755 | -€380 | -12.1% |
| Plant, machinery and equipment | 23 | €18,423 | €16,590 | -€1,833 | -10.0% |
| Furniture and vehicles | 24 | €36,487 | €28,537 | -€7,951 | -21.8% |
| Other tangible fixed assets | 26 | €193 | - | -€193 | |
| Financial fixed assets | 28 | €6,079 | €6,079 | = | 0.0% |
| Current assets | 29/58 | €53,818 | €134,920 | +€81,102 | +151% |
| Stocks and contracts in progress | 3 | €3,334 | €5,207 | +€1,873 | +56.2% |
| Stocks | 30/36 | €3,334 | €5,207 | +€1,873 | +56.2% |
| Cash at bank and in hand | 54/58 | €47,573 | €126,754 | +€79,181 | +166% |
| Deferred charges and accrued income | 490/1 | €2,911 | €2,958 | +€48 | +1.6% |
| Total equity and liabilities | 10/49 | €118,135 | €188,880 | +€70,745 | +59.9% |
| Equity | 10/15 | €98,809 | €137,515 | +€38,706 | +39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,602 | €117,302 | +€38,700 | +49.2% |
| Distributable reserves | 133 | €78,602 | €117,302 | +€38,700 | +49.2% |
| Profit (loss) carried forward | 14 | €1,607 | €1,613 | +€6 | +0.4% |
| Amounts payable | 17/49 | €19,327 | €51,366 | +€32,039 | +166% |
| Amounts payable within one year | 42/48 | €19,327 | €51,366 | +€32,039 | +166% |
| Trade debts | 44 | €6,330 | €10,657 | +€4,326 | +68.3% |
| Suppliers | 440/4 | €6,330 | €10,657 | +€4,326 | +68.3% |
| Taxes, remuneration and social security | 45 | €12,525 | €40,197 | +€27,672 | +221% |
| Taxes | 450/3 | €12,525 | €30,460 | +€17,935 | +143% |
| Remuneration and social security | 454/9 | - | €9,736 | +€9,736 | |
| Other amounts payable | 47/48 | €471 | €512 | +€41 | +8.7% |
| Remuneration, social security and pensions | 62 | - | €3,680 | +€3,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,563 | €18,358 | +€794 | +4.5% |
| Other operating charges | 640/8 | €6,963 | €7,552 | +€590 | +8.5% |
| Gross operating margin | 9900 | €35,298 | €92,178 | +€56,881 | +161% |
| Operating profit (loss) | 9901 | €10,772 | €62,588 | +€51,816 | +481% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,211 | €3,589 | -€3,622 | -50.2% |
| Recurring financial charges | 65 | €3,211 | €3,589 | +€378 | +11.8% |
| Non-recurring financial charges | 66B | €4,000 | - | -€4,000 | |
| Profit (loss) for the period before taxes | 9903 | €3,561 | €58,999 | +€55,438 | +1,557% |
| Income taxes | 67/77 | €4,930 | €20,293 | +€15,364 | +312% |
| Profit (loss) for the period | 9904 | -€1,368 | €38,706 | +€40,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,368 | €38,706 | +€40,074 |
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 21 October 2026 via checked.be.