CHGD Concept: 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.
CHGD Concept
Largest movements
- Receivables within one year +€31,982
up €31,982 (+65.6%), from €48,761 to €80,744
of which Trade receivables: +€22,759
- Tangible fixed assets -€10,163
down €10,163 (-28.4%), from €35,797 to €25,634
- Cash -€5,629
down €5,629 (-55.2%), from €10,199 to €4,570
mainly Tax, wage and social debts (-€83,012) and Net result for the year (-€51,754)
- Deferred charges and accrued income -€2,888
down €2,888 (-36.1%), from €8,004 to €5,116
- Other debts +€151,109
new in 2024: €151,109
- Tax, wage and social debts -€83,012
down €83,012 (-93.0%), from €89,258 to €6,246
of which Remuneration and social security: -€80,955
- Profit (loss) carried forward -€51,754
down €51,754 (-134.1%), from -€38,591 to -€90,345
- Trade debts -€3,016
down €3,016 (-9.5%), from €31,859 to €28,843
- Gross operating margin -€185,696
down €185,696 (-70.5%), from €263,492 to €77,797
- Staff costs -€143,064
down €143,064 (-55.7%), from €257,059 to €113,995
- Other operating charges -€14,259
down €14,259 (-77.2%), from €18,466 to €4,207
- Taxes -€4,842
down €4,842 (-96.3%), from €5,030 to €187
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,011 | €116,313 | +€13,302 | +12.9% |
| Fixed assets | 21/28 | €36,047 | €25,884 | -€10,163 | -28.2% |
| Tangible fixed assets | 22/27 | €35,797 | €25,634 | -€10,163 | -28.4% |
| Land and buildings | 22 | €25,596 | €21,330 | -€4,266 | -16.7% |
| Plant, machinery and equipment | 23 | €1,627 | - | -€1,627 | |
| Furniture and vehicles | 24 | €8,574 | €4,304 | -€4,270 | -49.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €66,964 | €90,429 | +€23,465 | +35.0% |
| Amounts receivable within one year | 40/41 | €48,761 | €80,744 | +€31,982 | +65.6% |
| Trade receivables | 40 | €18,722 | €41,481 | +€22,759 | +121.6% |
| Other amounts receivable | 41 | €30,039 | €39,262 | +€9,223 | +30.7% |
| Cash at bank and in hand | 54/58 | €10,199 | €4,570 | -€5,629 | -55.2% |
| Deferred charges and accrued income | 490/1 | €8,004 | €5,116 | -€2,888 | -36.1% |
| Total equity and liabilities | 10/49 | €103,011 | €116,313 | +€13,302 | +12.9% |
| Equity | 10/15 | -€18,131 | -€69,885 | -€51,754 | -285.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,591 | -€90,345 | -€51,754 | -134.1% |
| Amounts payable | 17/49 | €121,142 | €186,198 | +€65,056 | +53.7% |
| Amounts payable within one year | 42/48 | €121,117 | €186,198 | +€65,081 | +53.7% |
| Trade debts | 44 | €31,859 | €28,843 | -€3,016 | -9.5% |
| Suppliers | 440/4 | €31,859 | €28,843 | -€3,016 | -9.5% |
| Taxes, remuneration and social security | 45 | €89,258 | €6,246 | -€83,012 | -93.0% |
| Taxes | 450/3 | €4,892 | €2,835 | -€2,057 | -42.1% |
| Remuneration and social security | 454/9 | €84,366 | €3,411 | -€80,955 | -96.0% |
| Other amounts payable | 47/48 | - | €151,109 | +€151,109 | |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Non-recurring operating income | 76A | €70 | - | -€70 | |
| Remuneration, social security and pensions | 62 | €257,059 | €113,995 | -€143,064 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,845 | €9,915 | -€930 | -8.6% |
| Other operating charges | 640/8 | €18,466 | €4,207 | -€14,259 | -77.2% |
| Gross operating margin | 9900 | €263,492 | €77,797 | -€185,696 | -70.5% |
| Operating profit (loss) | 9901 | -€22,878 | -€50,320 | -€27,442 | -120.0% |
| Financial income | 75/76B | €32 | €3 | -€29 | -90.0% |
| Recurring financial income | 75 | €32 | €3 | -€29 | -90.0% |
| Financial charges | 65/66B | €996 | €1,250 | +€254 | +25.5% |
| Recurring financial charges | 65 | €996 | €1,250 | +€254 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,842 | -€51,567 | -€27,725 | -116.3% |
| Income taxes | 67/77 | €5,030 | €187 | -€4,842 | -96.3% |
| Profit (loss) for the period | 9904 | -€28,871 | -€51,754 | -€22,883 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,871 | -€51,754 | -€22,883 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.