CHLEOR: 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.
CHLEOR
Largest movements
- Current investments -€32,866
down €32,866 (-91.1%), from €36,077 to €3,212
- Cash -€18,593
down €18,593 (-55.0%), from €33,816 to €15,223
mainly Net result for the year (-€32,430) and Current portion of long-term debt (-€26,959)
- Tangible fixed assets -€13,067
down €13,067 (-27.0%), from €48,450 to €35,383
of which Plant, machinery and equipment: -€8,101
- Receivables within one year -€4,790
down €4,790 (-19.5%), from €24,536 to €19,745
of which Other amounts receivable: -€4,000
- Profit (loss) carried forward -€32,430
down €32,430 (-51.1%), from -€63,422 to -€95,853
- Current portion of long-term debt -€26,959
down €26,959 (-91.6%), from €29,425 to €2,466
- Trade debts -€13,785
down €13,785 (-8.6%), from €160,317 to €146,532
- Other debts +€4,867
up €4,867 (+298.5%), from €1,630 to €6,497
- Tax, wage and social debts +€4,077
up €4,077 (+15.8%), from €25,852 to €29,929
of which Remuneration and social security: +€3,034
- Staff costs -€28,016
down €28,016 (-8.6%), from €324,632 to €296,616
- Financial charges -€5,090
down €5,090 (-37.2%), from €13,679 to €8,589
- Gross operating margin +€4,352
up €4,352 (+1.5%), from €285,430 to €289,782
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 | €222,268 | €155,572 | -€66,696 | -30.0% |
| Fixed assets | 21/28 | €48,450 | €35,383 | -€13,067 | -27.0% |
| Tangible fixed assets | 22/27 | €48,450 | €35,383 | -€13,067 | -27.0% |
| Plant, machinery and equipment | 23 | €30,939 | €22,838 | -€8,101 | -26.2% |
| Other tangible fixed assets | 26 | €17,511 | €12,545 | -€4,966 | -28.4% |
| Current assets | 29/58 | €173,818 | €120,189 | -€53,629 | -30.9% |
| Stocks and contracts in progress | 3 | €79,389 | €81,292 | +€1,903 | +2.4% |
| Stocks | 30/36 | €79,389 | €81,292 | +€1,903 | +2.4% |
| Amounts receivable within one year | 40/41 | €24,536 | €19,745 | -€4,790 | -19.5% |
| Trade receivables | 40 | €1,791 | €1,000 | -€791 | -44.1% |
| Other amounts receivable | 41 | €22,745 | €18,745 | -€4,000 | -17.6% |
| Current investments | 50/53 | €36,077 | €3,212 | -€32,866 | -91.1% |
| Cash at bank and in hand | 54/58 | €33,816 | €15,223 | -€18,593 | -55.0% |
| Deferred charges and accrued income | 490/1 | - | €717 | +€717 | |
| Total equity and liabilities | 10/49 | €222,268 | €155,572 | -€66,696 | -30.0% |
| Equity | 10/15 | €2,578 | -€29,853 | -€32,430 | |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,422 | -€95,853 | -€32,430 | -51.1% |
| Amounts payable | 17/49 | €219,691 | €185,424 | -€34,266 | -15.6% |
| Amounts payable after more than one year | 17 | €2,466 | - | -€2,466 | |
| Financial debts | 170/4 | €2,466 | - | -€2,466 | |
| Amounts payable within one year | 42/48 | €217,225 | €185,424 | -€31,801 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €29,425 | €2,466 | -€26,959 | -91.6% |
| Trade debts | 44 | €160,317 | €146,532 | -€13,785 | -8.6% |
| Suppliers | 440/4 | €160,317 | €146,532 | -€13,785 | -8.6% |
| Taxes, remuneration and social security | 45 | €25,852 | €29,929 | +€4,077 | +15.8% |
| Taxes | 450/3 | €182 | €1,225 | +€1,043 | +571.6% |
| Remuneration and social security | 454/9 | €25,670 | €28,704 | +€3,034 | +11.8% |
| Other amounts payable | 47/48 | €1,630 | €6,497 | +€4,867 | +298.5% |
| Non-recurring operating income | 76A | €8,508 | - | -€8,508 | |
| Remuneration, social security and pensions | 62 | €324,632 | €296,616 | -€28,016 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,715 | €14,780 | +€1,065 | +7.8% |
| Other operating charges | 640/8 | €3,701 | €2,366 | -€1,335 | -36.1% |
| Gross operating margin | 9900 | €285,430 | €289,782 | +€4,352 | +1.5% |
| Operating profit (loss) | 9901 | -€56,618 | -€23,980 | +€32,637 | +57.6% |
| Financial income | 75/76B | €1,463 | €196 | -€1,266 | -86.6% |
| Recurring financial income | 75 | €1,463 | €196 | -€1,266 | -86.6% |
| Financial charges | 65/66B | €13,679 | €8,589 | -€5,090 | -37.2% |
| Recurring financial charges | 65 | €13,679 | €8,589 | -€5,090 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,834 | -€32,373 | +€36,461 | +53.0% |
| Income taxes | 67/77 | €203 | €58 | -€145 | -71.6% |
| Profit (loss) for the period | 9904 | -€69,036 | -€32,430 | +€36,606 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,036 | -€32,430 | +€36,606 | +53.0% |
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 11 October 2026 via checked.be.