CHING: 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.
CHING
Largest movements
- Cash +€57,493
up €57,493 (+19.0%), from €302,582 to €360,075
mainly Net result for the year (+€37,531) and Depreciation (+€20,943)
- Tangible fixed assets -€19,240
down €19,240 (-11.5%), from €167,961 to €148,721
of which Furniture and vehicles: -€10,028
- Stocks and contracts +€8,369
up €8,369 (+153.8%), from €5,440 to €13,809
- Reserves +€36,697
up €36,697 (+17.7%), from €207,879 to €244,576
- Other debts +€13,556
up €13,556 (+12.4%), from €109,032 to €122,588
- Turnover -€685,792
no longer reported in 2025 (was €685,792)
- Purchases and services -€402,525
no longer reported in 2025 (was €402,525)
- Staff costs +€21,652
up €21,652 (+12.7%), from €171,111 to €192,763
- Gross operating margin -€9,354
down €9,354 (-3.2%), from €293,804 to €284,450
- Taxes -€8,128
down €8,128 (-36.0%), from €22,597 to €14,469
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 | €483,040 | €532,549 | +€49,509 | +10.2% |
| Fixed assets | 21/28 | €168,705 | €149,465 | -€19,240 | -11.4% |
| Tangible fixed assets | 22/27 | €167,961 | €148,721 | -€19,240 | -11.5% |
| Land and buildings | 22 | €146,331 | €139,026 | -€7,305 | -5.0% |
| Plant, machinery and equipment | 23 | €7,136 | €5,229 | -€1,907 | -26.7% |
| Furniture and vehicles | 24 | €14,494 | €4,466 | -€10,028 | -69.2% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €314,335 | €383,084 | +€68,749 | +21.9% |
| Stocks and contracts in progress | 3 | €5,440 | €13,809 | +€8,369 | +153.8% |
| Stocks | 30/36 | €5,440 | €13,809 | +€8,369 | +153.8% |
| Amounts receivable within one year | 40/41 | €5,503 | €9,200 | +€3,697 | +67.2% |
| Trade receivables | 40 | €2,238 | - | -€2,238 | |
| Other amounts receivable | 41 | €3,265 | €9,200 | +€5,935 | +181.8% |
| Cash at bank and in hand | 54/58 | €302,582 | €360,075 | +€57,493 | +19.0% |
| Deferred charges and accrued income | 490/1 | €810 | - | -€810 | |
| Total equity and liabilities | 10/49 | €483,040 | €532,549 | +€49,509 | +10.2% |
| Equity | 10/15 | €251,847 | €288,544 | +€36,697 | +14.6% |
| Contributions | 10/11 | €6,198 | €6,197 | -€1 | 0.0% |
| Contributions outside capital | 11 | €6,198 | €6,197 | -€1 | 0.0% |
| Share premium | 1100/10 | €6,198 | €6,197 | -€1 | 0.0% |
| Reserves | 13 | €207,879 | €244,576 | +€36,697 | +17.7% |
| Distributable reserves | 133 | €207,879 | €244,576 | +€36,697 | +17.7% |
| Profit (loss) carried forward | 14 | €37,770 | €37,771 | +€1 | 0.0% |
| Amounts payable | 17/49 | €231,193 | €244,005 | +€12,812 | +5.5% |
| Amounts payable after more than one year | 17 | €63,000 | €63,000 | = | 0.0% |
| Financial debts | 170/4 | €63,000 | €63,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,070 | €178,882 | +€12,812 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,500 | = | 0.0% |
| Trade debts | 44 | €12,565 | €13,713 | +€1,148 | +9.1% |
| Suppliers | 440/4 | €12,565 | €13,713 | +€1,148 | +9.1% |
| Taxes, remuneration and social security | 45 | €42,973 | €41,081 | -€1,892 | -4.4% |
| Taxes | 450/3 | €20,404 | €16,533 | -€3,871 | -19.0% |
| Remuneration and social security | 454/9 | €22,569 | €24,548 | +€1,979 | +8.8% |
| Other amounts payable | 47/48 | €109,032 | €122,588 | +€13,556 | +12.4% |
| Accrued charges and deferred income | 492/3 | €2,123 | €2,123 | = | 0.0% |
| Turnover | 70 | €685,792 | - | -€685,792 | |
| Goods, raw materials, services and sundry goods | 60/61 | €402,525 | - | -€402,525 | |
| Remuneration, social security and pensions | 62 | €171,111 | €192,763 | +€21,652 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,123 | €20,943 | -€1,180 | -5.3% |
| Other operating charges | 640/8 | €3,765 | €4,681 | +€916 | +24.3% |
| Gross operating margin | 9900 | €293,804 | €284,450 | -€9,354 | -3.2% |
| Operating profit (loss) | 9901 | €96,805 | €66,063 | -€30,742 | -31.8% |
| Financial charges | 65/66B | €14,727 | €14,063 | -€664 | -4.5% |
| Recurring financial charges | 65 | €14,727 | €14,063 | -€664 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €82,078 | €52,000 | -€30,078 | -36.6% |
| Income taxes | 67/77 | €22,597 | €14,469 | -€8,128 | -36.0% |
| Profit (loss) for the period | 9904 | €59,481 | €37,531 | -€21,950 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,481 | €37,531 | -€21,950 | -36.9% |
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 10 October 2026 via checked.be.