CHOB MANAGEMENT: 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.
CHOB MANAGEMENT
Largest movements
- Receivables within one year +€39,480
up €39,480 (+70.7%), from €55,817 to €95,298
of which Trade receivables: +€26,918
- Cash -€25,739
down €25,739 (-66.9%), from €38,454 to €12,715
mainly Receivables within one year (-€39,480) and Trade debts (-€15,005)
- Tangible fixed assets -€10,537
down €10,537 (-23.7%), from €44,476 to €33,939
- Profit (loss) carried forward +€20,123
up €20,123 (+2.8%), from -€707,258 to -€687,135
- Trade debts -€15,005
down €15,005 (-78.1%), from €19,207 to €4,203
- Tax, wage and social debts -€1,637
no longer reported in 2025 (was €1,637)
of which Remuneration and social security: -€1,250
- Financial charges -€21,285
down €21,285 (-99.0%), from €21,505 to €220
- Write-downs +€10,662
no longer reported in 2025 (was -€10,662)
- Gross operating margin -€8,899
down €8,899 (-22.0%), from €40,415 to €31,516
- Depreciation +€2,328
up €2,328 (+28.4%), from €8,209 to €10,537
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 | €152,739 | €155,976 | +€3,237 | +2.1% |
| Fixed assets | 21/28 | €57,944 | €47,407 | -€10,537 | -18.2% |
| Tangible fixed assets | 22/27 | €44,476 | €33,939 | -€10,537 | -23.7% |
| Furniture and vehicles | 24 | €44,476 | €33,939 | -€10,537 | -23.7% |
| Financial fixed assets | 28 | €13,468 | €13,468 | = | 0.0% |
| Current assets | 29/58 | €94,795 | €108,570 | +€13,774 | +14.5% |
| Amounts receivable within one year | 40/41 | €55,817 | €95,298 | +€39,480 | +70.7% |
| Trade receivables | 40 | €55,817 | €82,736 | +€26,918 | +48.2% |
| Other amounts receivable | 41 | - | €12,562 | +€12,562 | |
| Cash at bank and in hand | 54/58 | €38,454 | €12,715 | -€25,739 | -66.9% |
| Deferred charges and accrued income | 490/1 | €523 | €557 | +€33 | +6.4% |
| Total equity and liabilities | 10/49 | €152,739 | €155,976 | +€3,237 | +2.1% |
| Equity | 10/15 | -€294,758 | -€274,635 | +€20,123 | +6.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€707,258 | -€687,135 | +€20,123 | +2.8% |
| Amounts payable | 17/49 | €447,497 | €430,611 | -€16,885 | -3.8% |
| Amounts payable within one year | 42/48 | €447,497 | €430,611 | -€16,885 | -3.8% |
| Trade debts | 44 | €19,207 | €4,203 | -€15,005 | -78.1% |
| Suppliers | 440/4 | €19,207 | €4,203 | -€15,005 | -78.1% |
| Taxes, remuneration and social security | 45 | €1,637 | - | -€1,637 | |
| Taxes | 450/3 | €387 | - | -€387 | |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €426,653 | €426,409 | -€244 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,209 | €10,537 | +€2,328 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,662 | - | +€10,662 | |
| Other operating charges | 640/8 | €759 | €636 | -€123 | -16.2% |
| Gross operating margin | 9900 | €40,415 | €31,516 | -€8,899 | -22.0% |
| Operating profit (loss) | 9901 | €42,108 | €20,343 | -€21,766 | -51.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.7% |
| Financial charges | 65/66B | €21,505 | €220 | -€21,285 | -99.0% |
| Recurring financial charges | 65 | €21,505 | €220 | -€21,285 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €20,605 | €20,123 | -€483 | -2.3% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -97.8% |
| Profit (loss) for the period | 9904 | €20,605 | €20,123 | -€482 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,605 | €20,123 | -€482 | -2.3% |
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 24 October 2026 via checked.be.