CHR: 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.
What changed
CHR
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€95,363
2024 · -€30,858-€64,505
Equity
€1.3m
2024 · €1.4m-€95,363
Cash
€7,622
2024 · €30,898-€23,275
Balance sheet total
€4.0m
2024 · €3.8m+€199,467
Largest movements
Assets
- Receivables within one year +€195,648
up €195,648 (+183.4%), from €106,693 to €302,341
of which Trade receivables: +€170,101
Equity and liabilities
- Trade debts +€196,370
up €196,370 (+525.4%), from €37,376 to €233,746
- Other debts +€134,667
up €134,667 (+58.7%), from €229,365 to €364,032
- Profit (loss) carried forward -€58,358
new in 2025: -€58,358
- Debts after one year -€43,436
down €43,436 (-3.1%), from €1.4m to €1.4m
Income statement
- Gross operating margin -€71,525
down €71,525 (-21.5%), from €332,907 to €261,381
- Taxes -€21,086
down €21,086 (-100.0%), from €21,086 to €0
- Depreciation +€16,902
up €16,902 (+9.5%), from €178,093 to €194,994
- Financial charges +€10,682
up €10,682 (+26.1%), from €40,881 to €51,563
- Write-downs -€7,166
down €7,166 (-67.5%), from €10,613 to €3,448
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.
Result 2024
-€30,858
Gross operating margin
-€71,525
Staff costs
+€3,168
Depreciation
-€16,902
Write-downs
+€7,166
Other operating charges
+€2,240
Financial income
+€944
Financial charges
-€10,682
Taxes
+€21,086
Result 2025
-€95,363
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.
From operations
+€214,243
Investment
-€234,111
Financing
-€3,408
Cash 2024
€30,898
From operations (derived)
+€214,243
Net result for the year
-€95,363
Depreciation
+€194,994
Receivables within one year
-€195,648
Deferred charges and accrued income
+€12,022
Provisions
-€9,251
Trade debts
+€196,370
Tax, wage and social debts
-€22,245
Other debts
+€134,667
Accrued charges and deferred income
-€1,304
Investment (derived)
-€234,111
Investment in fixed assets (net)
-€234,111
Financing
-€3,408
Debts after one year
-€43,436
Current portion of long-term debt
+€40,028
Cash 2025
€7,622
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,823,385 | €4,022,851 | +€199,467 | +5.2% |
| Fixed assets | 21/28 | €3,633,140 | €3,672,256 | +€39,117 | +1.1% |
| Tangible fixed assets | 22/27 | €3,068,356 | €3,108,415 | +€40,059 | +1.3% |
| Land and buildings | 22 | €2,913,144 | €2,809,775 | -€103,369 | -3.5% |
| Plant, machinery and equipment | 23 | €120,276 | €90,158 | -€30,119 | -25.0% |
| Furniture and vehicles | 24 | €34,936 | €208,483 | +€173,547 | +496.8% |
| Financial fixed assets | 28 | €564,784 | €563,841 | -€942 | -0.2% |
| Current assets | 29/58 | €190,245 | €350,595 | +€160,350 | +84.3% |
| Amounts receivable after more than one year | 29 | €32,460 | €32,460 | = | 0.0% |
| Other amounts receivable | 291 | €32,460 | €32,460 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,693 | €302,341 | +€195,648 | +183.4% |
| Trade receivables | 40 | €77,650 | €247,751 | +€170,101 | +219.1% |
| Other amounts receivable | 41 | €29,043 | €54,590 | +€25,546 | +88.0% |
| Cash at bank and in hand | 54/58 | €30,898 | €7,622 | -€23,275 | -75.3% |
| Deferred charges and accrued income | 490/1 | €20,194 | €8,171 | -€12,022 | -59.5% |
| Total equity and liabilities | 10/49 | €3,823,385 | €4,022,851 | +€199,467 | +5.2% |
| Equity | 10/15 | €1,376,003 | €1,280,640 | -€95,363 | -6.9% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €826,003 | €788,999 | -€37,005 | -4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €635,896 | €598,892 | -€37,005 | -5.8% |
| Distributable reserves | 133 | €190,107 | €190,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€58,358 | -€58,358 | |
| Provisions and deferred taxes | 16 | €158,974 | €149,723 | -€9,251 | -5.8% |
| Deferred taxes | 168 | €158,974 | €149,723 | -€9,251 | -5.8% |
| Amounts payable | 17/49 | €2,288,408 | €2,592,488 | +€304,081 | +13.3% |
| Amounts payable after more than one year | 17 | €1,396,181 | €1,352,745 | -€43,436 | -3.1% |
| Financial debts | 170/4 | €1,396,181 | €1,352,745 | -€43,436 | -3.1% |
| Amounts payable within one year | 42/48 | €886,704 | €1,235,524 | +€348,820 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €137,802 | €177,831 | +€40,028 | +29.0% |
| Financial debts | 43 | €430,000 | €430,000 | = | 0.0% |
| Credit institutions | 430/8 | €430,000 | €430,000 | = | 0.0% |
| Trade debts | 44 | €37,376 | €233,746 | +€196,370 | +525.4% |
| Suppliers | 440/4 | €37,376 | €233,746 | +€196,370 | +525.4% |
| Taxes, remuneration and social security | 45 | €52,160 | €29,915 | -€22,245 | -42.6% |
| Taxes | 450/3 | €52,160 | €29,915 | -€22,245 | -42.6% |
| Other amounts payable | 47/48 | €229,365 | €364,032 | +€134,667 | +58.7% |
| Accrued charges and deferred income | 492/3 | €5,523 | €4,219 | -€1,304 | -23.6% |
| Non-recurring operating income | 76A | - | €11,983 | +€11,983 | |
| Remuneration, social security and pensions | 62 | €86,405 | €83,237 | -€3,168 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,093 | €194,994 | +€16,902 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,613 | €3,448 | -€7,166 | -67.5% |
| Other operating charges | 640/8 | €35,941 | €33,701 | -€2,240 | -6.2% |
| Gross operating margin | 9900 | €332,907 | €261,381 | -€71,525 | -21.5% |
| Operating profit (loss) | 9901 | €21,855 | -€53,998 | -€75,853 | |
| Financial income | 75/76B | €3 | €947 | +€944 | +33969.1% |
| Recurring financial income | 75 | €3 | €947 | +€944 | +33969.1% |
| Financial charges | 65/66B | €40,881 | €51,563 | +€10,682 | +26.1% |
| Recurring financial charges | 65 | €40,881 | €51,563 | +€10,682 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,024 | -€104,614 | -€85,590 | -449.9% |
| Transfer from deferred taxes | 780 | €9,251 | €9,251 | = | 0.0% |
| Income taxes | 67/77 | €21,086 | €0 | -€21,086 | -100.0% |
| Profit (loss) for the period | 9904 | -€30,858 | -€95,363 | -€64,505 | -209.0% |
| Transfer from tax-exempt reserves | 789 | €37,005 | €37,005 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,146 | -€58,358 | -€64,505 |
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.