CHJED: 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.
CHJED
Largest movements
- Cash +€98,418
up €98,418 (+247.9%), from €39,696 to €138,113
mainly Net result for the year (+€314,175) and Other debts (+€75,516)
- Receivables within one year +€68,441
up €68,441 (+27.9%), from €245,668 to €314,109
of which Other amounts receivable: +€85,407
- Reserves +€184,808
up €184,808 (+28.0%), from €661,016 to €845,824
of which Distributable reserves: +€214,278
- Debts after one year -€119,828
down €119,828 (-31.2%), from €384,070 to €264,241
- Other debts +€75,516
new in 2025: €75,516
- Tax, wage and social debts +€26,333
up €26,333 (+92.6%), from €28,423 to €54,756
- Gross operating margin +€37,105
up €37,105 (+99.2%), from €37,405 to €74,511
- Taxes +€22,466
up €22,466 (+72.2%), from €31,119 to €53,586
- Other operating charges -€11,720
down €11,720 (-83.5%), from €14,034 to €2,314
- Financial income +€8,580
up €8,580 (+2.8%), from €307,141 to €315,721
- Financial charges -€5,711
down €5,711 (-23.8%), from €24,012 to €18,301
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 | €1,218,233 | €1,387,157 | +€168,925 | +13.9% |
| Fixed assets | 21/28 | €929,892 | €930,280 | +€388 | 0.0% |
| Tangible fixed assets | 22/27 | €33,142 | €33,530 | +€388 | +1.2% |
| Land and buildings | 22 | €30,116 | €29,141 | -€974 | -3.2% |
| Plant, machinery and equipment | 23 | €792 | €621 | -€171 | -21.6% |
| Furniture and vehicles | 24 | €734 | €2,268 | +€1,533 | +208.8% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €896,750 | €896,750 | = | 0.0% |
| Current assets | 29/58 | €288,341 | €456,877 | +€168,536 | +58.5% |
| Amounts receivable within one year | 40/41 | €245,668 | €314,109 | +€68,441 | +27.9% |
| Trade receivables | 40 | €20,354 | €3,388 | -€16,966 | -83.4% |
| Other amounts receivable | 41 | €225,314 | €310,721 | +€85,407 | +37.9% |
| Cash at bank and in hand | 54/58 | €39,696 | €138,113 | +€98,418 | +247.9% |
| Deferred charges and accrued income | 490/1 | €2,977 | €4,655 | +€1,678 | +56.4% |
| Total equity and liabilities | 10/49 | €1,218,233 | €1,387,157 | +€168,925 | +13.9% |
| Equity | 10/15 | €679,566 | €864,374 | +€184,808 | +27.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €661,016 | €845,824 | +€184,808 | +28.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,570 | €42,100 | -€29,470 | -41.2% |
| Distributable reserves | 133 | €587,591 | €801,869 | +€214,278 | +36.5% |
| Amounts payable | 17/49 | €538,667 | €522,784 | -€15,883 | -2.9% |
| Amounts payable after more than one year | 17 | €384,070 | €264,241 | -€119,828 | -31.2% |
| Financial debts | 170/4 | €384,070 | €264,241 | -€119,828 | -31.2% |
| Amounts payable within one year | 42/48 | €152,721 | €256,664 | +€103,944 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €115,955 | €119,828 | +€3,873 | +3.3% |
| Trade debts | 44 | €8,342 | €6,563 | -€1,779 | -21.3% |
| Suppliers | 440/4 | €8,342 | €6,563 | -€1,779 | -21.3% |
| Taxes, remuneration and social security | 45 | €28,423 | €54,756 | +€26,333 | +92.6% |
| Taxes | 450/3 | €28,423 | €54,756 | +€26,333 | +92.6% |
| Other amounts payable | 47/48 | - | €75,516 | +€75,516 | |
| Accrued charges and deferred income | 492/3 | €1,877 | €1,878 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,714 | €1,856 | -€859 | -31.6% |
| Other operating charges | 640/8 | €14,034 | €2,314 | -€11,720 | -83.5% |
| Gross operating margin | 9900 | €37,405 | €74,511 | +€37,105 | +99.2% |
| Operating profit (loss) | 9901 | €20,657 | €70,341 | +€49,684 | +240.5% |
| Financial income | 75/76B | €307,141 | €315,721 | +€8,580 | +2.8% |
| Recurring financial income | 75 | €307,141 | €315,721 | +€8,580 | +2.8% |
| Financial charges | 65/66B | €24,012 | €18,301 | -€5,711 | -23.8% |
| Recurring financial charges | 65 | €24,012 | €18,301 | -€5,711 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €303,786 | €367,760 | +€63,974 | +21.1% |
| Income taxes | 67/77 | €31,119 | €53,586 | +€22,466 | +72.2% |
| Profit (loss) for the period | 9904 | €272,666 | €314,175 | +€41,508 | +15.2% |
| Transfer from tax-exempt reserves | 789 | - | €29,470 | +€29,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €272,666 | €343,645 | +€70,978 | +26.0% |
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 4 October 2026 via checked.be.