CHTech: 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.
CHTech
Largest movements
- Receivables within one year -€86,628
down €86,628 (-38.2%), from €226,712 to €140,084
of which Trade receivables: -€79,468
- Tangible fixed assets -€22,692
down €22,692 (-33.7%), from €67,384 to €44,693
of which Furniture and vehicles: -€21,877
- Cash +€16,482
up €16,482 (+110%), from €15,043 to €31,525
mainly Receivables within one year (+€86,628) and Depreciation (+€31,752)
- Profit (loss) carried forward -€61,204
down €61,204 (-59.6%), from €102,699 to €41,496
- Debts after one year -€18,958
down €18,958 (-72.6%), from €26,112 to €7,154
- Tax, wage and social debts -€9,808
down €9,808 (-21.9%), from €44,863 to €35,055
of which Taxes: -€10,987
- Trade debts -€3,450
down €3,450 (-7.5%), from €46,060 to €42,609
- Gross operating margin -€136,186
down €136,186 (-25.7%), from €529,616 to €393,430
- Staff costs -€54,937
down €54,937 (-14.0%), from €393,582 to €338,644
- Financial charges +€36,373
up €36,373 (+79.0%), from €46,032 to €82,405
- Taxes -€11,688
down €11,688 (-96.2%), from €12,147 to €459
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 | €318,890 | €228,052 | -€90,838 | -28.5% |
| Fixed assets | 21/28 | €67,506 | €44,814 | -€22,692 | -33.6% |
| Tangible fixed assets | 22/27 | €67,384 | €44,693 | -€22,692 | -33.7% |
| Plant, machinery and equipment | 23 | €8,135 | €7,320 | -€814 | -10.0% |
| Furniture and vehicles | 24 | €59,250 | €37,373 | -€21,877 | -36.9% |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €251,384 | €183,238 | -€68,147 | -27.1% |
| Stocks and contracts in progress | 3 | €1,800 | €1,800 | = | 0.0% |
| Stocks | 30/36 | €1,800 | €1,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €226,712 | €140,084 | -€86,628 | -38.2% |
| Trade receivables | 40 | €198,357 | €118,889 | -€79,468 | -40.1% |
| Other amounts receivable | 41 | €28,356 | €21,195 | -€7,160 | -25.3% |
| Cash at bank and in hand | 54/58 | €15,043 | €31,525 | +€16,482 | +110% |
| Deferred charges and accrued income | 490/1 | €7,829 | €9,829 | +€2,000 | +25.5% |
| Total equity and liabilities | 10/49 | €318,890 | €228,052 | -€90,838 | -28.5% |
| Equity | 10/15 | €123,159 | €61,956 | -€61,204 | -49.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,699 | €41,496 | -€61,204 | -59.6% |
| Amounts payable | 17/49 | €195,731 | €166,096 | -€29,635 | -15.1% |
| Amounts payable after more than one year | 17 | €26,112 | €7,154 | -€18,958 | -72.6% |
| Financial debts | 170/4 | €26,112 | €7,154 | -€18,958 | -72.6% |
| Amounts payable within one year | 42/48 | €169,619 | €158,942 | -€10,677 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €19,423 | €18,958 | -€465 | -2.4% |
| Trade debts | 44 | €46,060 | €42,609 | -€3,450 | -7.5% |
| Suppliers | 440/4 | €46,060 | €42,609 | -€3,450 | -7.5% |
| Taxes, remuneration and social security | 45 | €44,863 | €35,055 | -€9,808 | -21.9% |
| Taxes | 450/3 | €21,126 | €10,138 | -€10,987 | -52.0% |
| Remuneration and social security | 454/9 | €23,737 | €24,916 | +€1,180 | +5.0% |
| Other amounts payable | 47/48 | €59,274 | €62,320 | +€3,047 | +5.1% |
| Remuneration, social security and pensions | 62 | €393,582 | €338,644 | -€54,937 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,707 | €31,752 | -€955 | -2.9% |
| Other operating charges | 640/8 | €3,161 | €3,436 | +€275 | +8.7% |
| Gross operating margin | 9900 | €529,616 | €393,430 | -€136,186 | -25.7% |
| Operating profit (loss) | 9901 | €100,166 | €19,598 | -€80,568 | -80.4% |
| Financial income | 75/76B | €440 | €2,062 | +€1,622 | +369% |
| Recurring financial income | 75 | €440 | €2,062 | +€1,622 | +369% |
| Financial charges | 65/66B | €46,032 | €82,405 | +€36,373 | +79.0% |
| Recurring financial charges | 65 | €46,032 | €82,405 | +€36,373 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €54,574 | -€60,745 | -€115,319 | |
| Income taxes | 67/77 | €12,147 | €459 | -€11,688 | -96.2% |
| Profit (loss) for the period | 9904 | €42,427 | -€61,204 | -€103,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,427 | -€61,204 | -€103,631 |
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 15 October 2026 via checked.be.