CHP: 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.
CHP
Largest movements
- Receivables within one year -€510,168
down €510,168 (-24.1%), from €2.1m to €1.6m
of which Trade receivables: -€314,588
- Current investments +€297,872
new in 2025: €297,872
- Stocks and contracts -€171,775
down €171,775 (-16.3%), from €1.1m to €878,896
of which Stocks: -€155,820
- Cash -€76,631
down €76,631 (-2.7%), from €2.8m to €2.8m
mainly Contributions, distributions and other (-€3.6m) and Current investments (-€297,872)
- Other debts +€1.2m
up €1.2m (+50.2%), from €2.4m to €3.5m
- Reserves -€942,236
down €942,236 (-34.3%), from €2.7m to €1.8m
of which Distributable reserves: -€942,236
- Current portion of long-term debt -€200,395
down €200,395 (-100.0%), from €200,395 to €0
- Advances received -€193,716
down €193,716 (-66.3%), from €292,204 to €98,488
- Trade debts -€159,670
down €159,670 (-22.2%), from €720,293 to €560,623
- Gross operating margin +€424,012
up €424,012 (+9.2%), from €4.6m to €5.0m
- Taxes +€131,843
up €131,843 (+23.2%), from €567,349 to €699,191
- Financial charges -€115,053
down €115,053 (-63.6%), from €180,858 to €65,805
of which Non-recurring financial charges: -€107,399
- Write-downs -€112,624
down €112,624 (-64.4%), from €174,896 to €62,271
- Depreciation +€101,313
up €101,313 (+71.2%), from €142,393 to €243,705
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 | €6,837,399 | €6,359,951 | -€477,449 | -7.0% |
| Fixed assets | 21/28 | €785,791 | €726,621 | -€59,170 | -7.5% |
| Intangible fixed assets | 21 | €659,302 | €636,355 | -€22,947 | -3.5% |
| Tangible fixed assets | 22/27 | €109,890 | €73,677 | -€36,213 | -33.0% |
| Land and buildings | 22 | €46,069 | €33,231 | -€12,838 | -27.9% |
| Plant, machinery and equipment | 23 | €36,723 | €23,761 | -€12,962 | -35.3% |
| Furniture and vehicles | 24 | €23,038 | €9,881 | -€13,156 | -57.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €4,061 | €6,804 | +€2,743 | +67.6% |
| Financial fixed assets | 28 | €16,599 | €16,589 | -€10 | -0.1% |
| Current assets | 29/58 | €6,051,608 | €5,633,330 | -€418,279 | -6.9% |
| Stocks and contracts in progress | 3 | €1,050,671 | €878,896 | -€171,775 | -16.3% |
| Stocks | 30/36 | €1,032,263 | €876,443 | -€155,820 | -15.1% |
| Contracts in progress | 37 | €18,408 | €2,453 | -€15,955 | -86.7% |
| Amounts receivable within one year | 40/41 | €2,116,475 | €1,606,307 | -€510,168 | -24.1% |
| Trade receivables | 40 | €1,679,491 | €1,364,904 | -€314,588 | -18.7% |
| Other amounts receivable | 41 | €436,984 | €241,403 | -€195,580 | -44.8% |
| Current investments | 50/53 | - | €297,872 | +€297,872 | |
| Cash at bank and in hand | 54/58 | €2,838,810 | €2,762,179 | -€76,631 | -2.7% |
| Deferred charges and accrued income | 490/1 | €45,653 | €88,076 | +€42,423 | +92.9% |
| Total equity and liabilities | 10/49 | €6,837,399 | €6,359,951 | -€477,449 | -7.0% |
| Equity | 10/15 | €2,965,454 | €1,951,477 | -€1.0m | -34.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,746,460 | €1,804,223 | -€942,236 | -34.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,145 | €22,145 | = | 0.0% |
| Distributable reserves | 133 | €2,718,165 | €1,775,929 | -€942,236 | -34.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €157,494 | €85,754 | -€71,740 | -45.6% |
| Amounts payable | 17/49 | €3,871,946 | €4,408,473 | +€536,527 | +13.9% |
| Amounts payable after more than one year | 17 | €98,305 | €0 | -€98,305 | -100.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €98,305 | €0 | -€98,305 | -100.0% |
| Amounts payable within one year | 42/48 | €3,750,991 | €4,387,365 | +€636,374 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €200,395 | €0 | -€200,395 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €720,293 | €560,623 | -€159,670 | -22.2% |
| Suppliers | 440/4 | €720,293 | €560,623 | -€159,670 | -22.2% |
| Advances received on contracts in progress | 46 | €292,204 | €98,488 | -€193,716 | -66.3% |
| Taxes, remuneration and social security | 45 | €188,100 | €198,254 | +€10,154 | +5.4% |
| Taxes | 450/3 | €9,518 | €18,594 | +€9,076 | +95.4% |
| Remuneration and social security | 454/9 | €178,582 | €179,660 | +€1,078 | +0.6% |
| Other amounts payable | 47/48 | €2,350,000 | €3,530,000 | +€1.2m | +50.2% |
| Accrued charges and deferred income | 492/3 | €22,649 | €21,108 | -€1,541 | -6.8% |
| Non-recurring operating income | 76A | €27,072 | €12,397 | -€14,676 | -54.2% |
| Remuneration, social security and pensions | 62 | €1,496,188 | €1,501,670 | +€5,482 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,393 | €243,705 | +€101,313 | +71.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €174,896 | €62,271 | -€112,624 | -64.4% |
| Other operating charges | 640/8 | €23,189 | €10,549 | -€12,640 | -54.5% |
| Non-recurring operating charges | 66A | €1,780 | €0 | -€1,780 | -100.0% |
| Gross operating margin | 9900 | €4,593,733 | €5,017,745 | +€424,012 | +9.2% |
| Operating profit (loss) | 9901 | €2,755,288 | €3,199,550 | +€444,261 | +16.1% |
| Financial income | 75/76B | €107,262 | €123,210 | +€15,948 | +14.9% |
| Recurring financial income | 75 | €107,262 | €123,210 | +€15,948 | +14.9% |
| Financial charges | 65/66B | €180,858 | €65,805 | -€115,053 | -63.6% |
| Recurring financial charges | 65 | €73,458 | €65,805 | -€7,653 | -10.4% |
| Non-recurring financial charges | 66B | €107,399 | €0 | -€107,399 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,681,692 | €3,256,955 | +€575,263 | +21.5% |
| Income taxes | 67/77 | €567,349 | €699,191 | +€131,843 | +23.2% |
| Profit (loss) for the period | 9904 | €2,114,344 | €2,557,764 | +€443,420 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,114,344 | €2,557,764 | +€443,420 | +21.0% |
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 8 October 2026 via checked.be.