CHEZVAL: 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.
CHEZVAL
Largest movements
- Financial fixed assets +€529,723
up €529,723 (+3.8%), from €14.0m to €14.5m
- Cash +€304,803
up €304,803 (+429%), from €71,046 to €375,849
mainly Other debts (+€326,969) and Net result for the year (+€304,025)
- Other debts +€326,969
up €326,969 (+74.9%), from €436,788 to €763,756
- Reserves +€270,070
new in 2025: €270,070
- Debts after one year +€202,659
up €202,659, from €0 to €202,659
of which Financial debts: +€202,659
- Financial income +€273,156
new in 2025: €273,156
of which Non-recurring financial income: +€270,070
- Gross operating margin +€51,517
up €51,517 (+638%), from €8,071 to €59,587
- Financial charges +€1,191
up €1,191 (+5.3%), from €22,409 to €23,600
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 | €14,111,698 | €14,967,532 | +€855,834 | +6.1% |
| Fixed assets | 21/28 | €14,035,517 | €14,563,128 | +€527,611 | +3.8% |
| Tangible fixed assets | 22/27 | €16,529 | €14,417 | -€2,111 | -12.8% |
| Furniture and vehicles | 24 | €8,318 | €6,910 | -€1,408 | -16.9% |
| Other tangible fixed assets | 26 | €8,211 | €7,508 | -€703 | -8.6% |
| Financial fixed assets | 28 | €14,018,988 | €14,548,711 | +€529,723 | +3.8% |
| Current assets | 29/58 | €76,181 | €404,404 | +€328,222 | +431% |
| Amounts receivable within one year | 40/41 | €5,030 | €24,498 | +€19,468 | +387% |
| Trade receivables | 40 | €5,000 | €24,468 | +€19,468 | +389% |
| Other amounts receivable | 41 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,046 | €375,849 | +€304,803 | +429% |
| Deferred charges and accrued income | 490/1 | €105 | €4,056 | +€3,951 | +3,752% |
| Total equity and liabilities | 10/49 | €14,111,698 | €14,967,532 | +€855,834 | +6.1% |
| Equity | 10/15 | €13,663,158 | €13,967,183 | +€304,025 | +2.2% |
| Contributions | 10/11 | €13,910,000 | €13,910,000 | = | 0.0% |
| Reserves | 13 | - | €270,070 | +€270,070 | |
| Tax-exempt reserves | 132 | - | €270,070 | +€270,070 | |
| Profit (loss) carried forward | 14 | -€246,843 | -€212,887 | +€33,956 | +13.8% |
| Amounts payable | 17/49 | €448,541 | €1,000,349 | +€551,808 | +123% |
| Amounts payable after more than one year | 17 | €0 | €202,659 | +€202,659 | |
| Financial debts | 170/4 | - | €202,659 | +€202,659 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €445,194 | €774,230 | +€329,036 | +73.9% |
| Trade debts | 44 | €33 | €668 | +€635 | +1,936% |
| Suppliers | 440/4 | €33 | €668 | +€635 | +1,936% |
| Taxes, remuneration and social security | 45 | €8,374 | €9,806 | +€1,433 | +17.1% |
| Taxes | 450/3 | €6,563 | €7,995 | +€1,433 | +21.8% |
| Remuneration and social security | 454/9 | €1,811 | €1,811 | = | 0.0% |
| Other amounts payable | 47/48 | €436,788 | €763,756 | +€326,969 | +74.9% |
| Accrued charges and deferred income | 492/3 | €3,347 | €23,460 | +€20,113 | +601% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,848 | €3,875 | +€28 | +0.7% |
| Other operating charges | 640/8 | €1,108 | €1,243 | +€135 | +12.1% |
| Gross operating margin | 9900 | €8,071 | €59,587 | +€51,517 | +638% |
| Operating profit (loss) | 9901 | €3,115 | €54,469 | +€51,355 | +1,649% |
| Financial income | 75/76B | - | €273,156 | +€273,156 | |
| Recurring financial income | 75 | - | €3,087 | +€3,087 | |
| Non-recurring financial income | 76B | - | €270,070 | +€270,070 | |
| Financial charges | 65/66B | €22,409 | €23,600 | +€1,191 | +5.3% |
| Recurring financial charges | 65 | €22,409 | €23,600 | +€1,191 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,294 | €304,025 | +€323,320 | |
| Profit (loss) for the period | 9904 | -€19,294 | €304,025 | +€323,320 | |
| Transfer to tax-exempt reserves | 689 | - | €270,070 | +€270,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,294 | €33,956 | +€53,250 |
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 19 October 2026 via checked.be.