CHRIVE - INVEST: 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.
What changed
CHRIVE - INVEST
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€202,951
2024 · €1.0m-€1.2m
Equity
€10.7m
2024 · €10.9m-€202,951
Cash
€71,913
2024 · €127,631-€55,718
Balance sheet total
€20.5m
2024 · €20.5m-€35,094
Largest movements
Assets
- Receivables within one year +€829,622
up €829,622 (+36.3%), from €2.3m to €3.1m
of which Other amounts receivable: +€797,669
- Tangible fixed assets -€379,873
down €379,873 (-4.1%), from €9.2m to €8.9m
of which Leasing and similar rights: -€266,800
- Deferred charges and accrued income -€266,125
down €266,125 (-59.3%), from €449,081 to €182,957
Equity and liabilities
- Short-term financial debts +€258,176
up €258,176 (+13,802%), from €1,871 to €260,047
- Tax, wage and social debts -€205,222
down €205,222 (-99.9%), from €205,473 to €251
Income statement
- Gross operating margin -€1.5m
down €1.5m (-72.4%), from €2.0m to €562,384
- Depreciation +€221,934
up €221,934 (+126%), from €175,929 to €397,863
- Financial charges -€29,201
down €29,201 (-8.6%), from €341,496 to €312,294
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
€1.0m
Gross operating margin
-€1.5m
Depreciation
-€221,934
Other operating charges
+€19,167
Financial income
-€5,505
Financial charges
+€29,201
Taxes
+€534
Deferred taxes and other
+€427,592
Result 2025
-€202,951
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€420,255
Investment
-€17,990
Financing
+€382,527
Cash 2024
€127,631
From operations (derived)
-€420,255
Net result for the year
-€202,951
Depreciation
+€397,863
Receivables after one year
+€163,000
Receivables within one year
-€829,622
Deferred charges and accrued income
+€266,125
Provisions
-€35,888
Trade debts
-€13,552
Tax, wage and social debts
-€205,222
Advances received
-€16,203
Other debts
+€140,163
Accrued charges and deferred income
-€83,968
Investment (derived)
-€17,990
Investment in fixed assets (net)
-€17,990
Financing
+€382,527
Debts after one year
+€158,300
Current portion of long-term debt
-€33,949
Short-term financial debts
+€258,176
Cash 2025
€71,913
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,515,517 | €20,480,423 | -€35,094 | -0.2% |
| Fixed assets | 21/28 | €10,488,991 | €10,109,119 | -€379,873 | -3.6% |
| Intangible fixed assets | 21 | €13,738 | €13,738 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,230,253 | €8,850,381 | -€379,873 | -4.1% |
| Land and buildings | 22 | €4,314,334 | €4,213,442 | -€100,892 | -2.3% |
| Plant, machinery and equipment | 23 | €1,909 | €980 | -€929 | -48.6% |
| Furniture and vehicles | 24 | €19,115 | €18,808 | -€307 | -1.6% |
| Leasing and similar rights | 25 | €3,969,384 | €3,702,584 | -€266,800 | -6.7% |
| Other tangible fixed assets | 26 | €925,512 | €914,567 | -€10,945 | -1.2% |
| Financial fixed assets | 28 | €1,245,000 | €1,245,000 | = | 0.0% |
| Current assets | 29/58 | €10,026,525 | €10,371,305 | +€344,779 | +3.4% |
| Amounts receivable after more than one year | 29 | €6,163,000 | €6,000,000 | -€163,000 | -2.6% |
| Other amounts receivable | 291 | €6,163,000 | €6,000,000 | -€163,000 | -2.6% |
| Amounts receivable within one year | 40/41 | €2,286,813 | €3,116,435 | +€829,622 | +36.3% |
| Trade receivables | 40 | €87,759 | €119,713 | +€31,953 | +36.4% |
| Other amounts receivable | 41 | €2,199,053 | €2,996,722 | +€797,669 | +36.3% |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,631 | €71,913 | -€55,718 | -43.7% |
| Deferred charges and accrued income | 490/1 | €449,081 | €182,957 | -€266,125 | -59.3% |
| Total equity and liabilities | 10/49 | €20,515,517 | €20,480,423 | -€35,094 | -0.2% |
| Equity | 10/15 | €10,897,915 | €10,694,964 | -€202,951 | -1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €480,000 | €480,000 | = | 0.0% |
| Reserves | 13 | €10,355,915 | €10,152,964 | -€202,951 | -2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,179,475 | €1,109,810 | -€69,665 | -5.9% |
| Distributable reserves | 133 | €9,170,240 | €9,036,955 | -€133,285 | -1.5% |
| Provisions and deferred taxes | 16 | €391,704 | €355,816 | -€35,888 | -9.2% |
| Deferred taxes | 168 | €391,704 | €355,816 | -€35,888 | -9.2% |
| Amounts payable | 17/49 | €9,225,898 | €9,429,643 | +€203,745 | +2.2% |
| Amounts payable after more than one year | 17 | €6,519,150 | €6,677,450 | +€158,300 | +2.4% |
| Financial debts | 170/4 | €6,519,150 | €6,677,450 | +€158,300 | +2.4% |
| Amounts payable within one year | 42/48 | €1,442,476 | €1,571,890 | +€129,413 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €655,590 | €621,641 | -€33,949 | -5.2% |
| Financial debts | 43 | €1,871 | €260,047 | +€258,176 | +13,802% |
| Credit institutions | 430/8 | €1,871 | €260,047 | +€258,176 | +13,802% |
| Trade debts | 44 | €84,670 | €71,118 | -€13,552 | -16.0% |
| Suppliers | 440/4 | €84,670 | €71,118 | -€13,552 | -16.0% |
| Advances received on contracts in progress | 46 | €16,203 | - | -€16,203 | |
| Taxes, remuneration and social security | 45 | €205,473 | €251 | -€205,222 | -99.9% |
| Taxes | 450/3 | €205,473 | €251 | -€205,222 | -99.9% |
| Other amounts payable | 47/48 | €478,670 | €618,833 | +€140,163 | +29.3% |
| Accrued charges and deferred income | 492/3 | €1,264,272 | €1,180,304 | -€83,968 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,929 | €397,863 | +€221,934 | +126% |
| Other operating charges | 640/8 | €292,758 | €273,590 | -€19,167 | -6.5% |
| Gross operating margin | 9900 | €2,034,713 | €562,384 | -€1.5m | -72.4% |
| Operating profit (loss) | 9901 | €1,566,027 | -€109,069 | -€1.7m | |
| Financial income | 75/76B | €187,997 | €182,492 | -€5,505 | -2.9% |
| Recurring financial income | 75 | €187,997 | €182,492 | -€5,505 | -2.9% |
| Financial charges | 65/66B | €341,496 | €312,294 | -€29,201 | -8.6% |
| Recurring financial charges | 65 | €341,496 | €312,294 | -€29,201 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €1,412,528 | -€238,871 | -€1.7m | |
| Transfer from deferred taxes | 780 | €4,120 | €35,888 | +€31,768 | +771% |
| Transfer to deferred taxes | 680 | €395,824 | - | -€395,824 | |
| Income taxes | 67/77 | €502 | -€32 | -€534 | |
| Profit (loss) for the period | 9904 | €1,020,322 | -€202,951 | -€1.2m | |
| Transfer from tax-exempt reserves | 789 | €7,998 | €69,665 | +€61,667 | +771% |
| Transfer to tax-exempt reserves | 689 | €1,187,473 | - | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€159,152 | -€133,285 | +€25,867 | +16.3% |
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 18 October 2026 via checked.be.