CHS PAPER PACK: 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.
CHS PAPER PACK
Largest movements
- Tangible fixed assets +€628,032
up €628,032 (+67.8%), from €925,911 to €1.6m
of which Plant, machinery and equipment: +€625,949
- Receivables within one year +€257,639
up €257,639 (+62.0%), from €415,791 to €673,429
- Stocks and contracts +€118,302
up €118,302 (+10.5%), from €1.1m to €1.2m
- Other debts +€887,067
up €887,067 (+49.2%), from €1.8m to €2.7m
- Debts after one year +€50,000
new in 2025: €50,000
- Trade debts +€47,562
up €47,562 (+5.8%), from €823,560 to €871,122
- Gross operating margin +€537,332
up €537,332, from -€209,422 to €327,911
- Staff costs +€121,352
up €121,352 (+218%), from €55,729 to €177,082
- Depreciation +€43,339
up €43,339 (+48.2%), from €89,929 to €133,269
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 | €2,536,173 | €3,558,837 | +€1.0m | +40.3% |
| Fixed assets | 21/28 | €985,911 | €1,613,942 | +€628,032 | +63.7% |
| Tangible fixed assets | 22/27 | €925,911 | €1,553,942 | +€628,032 | +67.8% |
| Plant, machinery and equipment | 23 | €925,911 | €1,551,859 | +€625,949 | +67.6% |
| Furniture and vehicles | 24 | - | €2,083 | +€2,083 | |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €1,550,263 | €1,944,895 | +€394,632 | +25.5% |
| Stocks and contracts in progress | 3 | €1,130,719 | €1,249,021 | +€118,302 | +10.5% |
| Stocks | 30/36 | €1,130,719 | €1,249,021 | +€118,302 | +10.5% |
| Amounts receivable within one year | 40/41 | €415,791 | €673,429 | +€257,639 | +62.0% |
| Trade receivables | 40 | €415,791 | €673,429 | +€257,639 | +62.0% |
| Cash at bank and in hand | 54/58 | €3,753 | €22,445 | +€18,691 | +498% |
| Total equity and liabilities | 10/49 | €2,536,173 | €3,558,837 | +€1.0m | +40.3% |
| Equity | 10/15 | -€107,609 | -€94,921 | +€12,688 | +11.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,609 | -€344,921 | +€12,688 | +3.5% |
| Amounts payable | 17/49 | €2,643,783 | €3,653,758 | +€1.0m | +38.2% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €2,643,783 | €3,603,758 | +€959,975 | +36.3% |
| Trade debts | 44 | €823,560 | €871,122 | +€47,562 | +5.8% |
| Suppliers | 440/4 | €823,560 | €871,122 | +€47,562 | +5.8% |
| Taxes, remuneration and social security | 45 | €15,574 | €40,921 | +€25,347 | +163% |
| Taxes | 450/3 | €5,408 | €23,214 | +€17,806 | +329% |
| Remuneration and social security | 454/9 | €10,166 | €17,707 | +€7,541 | +74.2% |
| Other amounts payable | 47/48 | €1,804,649 | €2,691,715 | +€887,067 | +49.2% |
| Remuneration, social security and pensions | 62 | €55,729 | €177,082 | +€121,352 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,929 | €133,269 | +€43,339 | +48.2% |
| Other operating charges | 640/8 | €694 | €966 | +€272 | +39.2% |
| Gross operating margin | 9900 | -€209,422 | €327,911 | +€537,332 | |
| Operating profit (loss) | 9901 | -€355,774 | €16,595 | +€372,369 | |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €1,823 | €3,735 | +€1,912 | +105% |
| Recurring financial charges | 65 | €1,823 | €3,735 | +€1,912 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€357,540 | €12,860 | +€370,400 | |
| Income taxes | 67/77 | €69 | €172 | +€102 | +147% |
| Profit (loss) for the period | 9904 | -€357,609 | €12,688 | +€370,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€357,609 | €12,688 | +€370,297 |
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 16 October 2026 via checked.be.