CHVentures: 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
CHVentures
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€142,761
2024 · €94,741+€48,020
Equity
€343,338
2024 · €200,577+€142,761
Cash
€165,950
2024 · €59,594+€106,356
Balance sheet total
€2.1m
2024 · €2.2m-€119,810
Largest movements
Assets
- Receivables within one year -€109,112
down €109,112 (-10.6%), from €1.0m to €924,329
of which Trade receivables: -€109,167
- Intangible fixed assets -€107,161
down €107,161 (-18.2%), from €590,118 to €482,957
- Cash +€106,356
up €106,356 (+178%), from €59,594 to €165,950
mainly Net result for the year (+€142,761) and Depreciation (+€124,642)
Equity and liabilities
- Current portion of long-term debt -€177,509
down €177,509 (-66.8%), from €265,912 to €88,403
- Profit (loss) carried forward +€142,761
new in 2025: €142,761
- Debts after one year -€79,818
down €79,818 (-6.8%), from €1.2m to €1.1m
- Other debts -€33,207
down €33,207 (-11.7%), from €284,758 to €251,551
- Tax, wage and social debts +€27,096
up €27,096 (+27.7%), from €97,944 to €125,040
Income statement
- Other operating income +€361,214
new in 2025: €361,214
- Gross operating margin -€324,718
no longer reported in 2025 (was €324,718)
- Turnover +€227,695
new in 2025: €227,695
- Services and other goods +€172,010
new in 2025: €172,010
- Taxes +€35,680
up €35,680 (+60.0%), from €59,492 to €95,172
of which Taxes: +€95,202
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
€94,741
Turnover
+€227,695
Other operating income
+€361,214
Services and other goods
-€172,010
Depreciation
+€141
Other operating charges
+€2,780
Other operating items
-€324,718
Financial charges
-€11,402
Taxes
-€35,680
Result 2025
€142,761
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
+€367,251
Investment
-€3,568
Financing
-€257,327
Cash 2024
€59,594
From operations (derived)
+€367,251
Net result for the year
+€142,761
Depreciation
+€124,642
Receivables within one year
+€109,112
Deferred charges and accrued income
-€4,020
Trade debts
-€3,722
Tax, wage and social debts
+€27,096
Other debts
-€33,207
Accrued charges and deferred income
+€4,589
Investment (derived)
-€3,568
Investment in fixed assets (net)
-€3,568
Financing
-€257,327
Debts after one year
-€79,818
Current portion of long-term debt
-€177,509
Cash 2025
€165,950
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,210,258 | €2,090,448 | -€119,810 | -5.4% |
| Fixed assets | 21/28 | €1,117,223 | €996,149 | -€121,074 | -10.8% |
| Intangible fixed assets | 21 | €590,118 | €482,957 | -€107,161 | -18.2% |
| Tangible fixed assets | 22/27 | €62,118 | €48,205 | -€13,913 | -22.4% |
| Land and buildings | 22 | €6,300 | - | -€6,300 | |
| Plant, machinery and equipment | 23 | €51,842 | €44,114 | -€7,728 | -14.9% |
| Furniture and vehicles | 24 | €3,976 | €4,091 | +€115 | +2.9% |
| Financial fixed assets | 28 | €464,987 | €464,987 | = | 0.0% |
| Affiliated companies | 280/1 | - | €462,797 | +€462,797 | |
| Participating interests | 280 | - | €462,797 | +€462,797 | |
| Other financial fixed assets | 284/8 | - | €2,190 | +€2,190 | |
| Amounts receivable and cash guarantees | 285/8 | - | €2,190 | +€2,190 | |
| Current assets | 29/58 | €1,093,035 | €1,094,299 | +€1,264 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,033,441 | €924,329 | -€109,112 | -10.6% |
| Trade receivables | 40 | €1,031,986 | €922,819 | -€109,167 | -10.6% |
| Other amounts receivable | 41 | €1,455 | €1,510 | +€55 | +3.8% |
| Cash at bank and in hand | 54/58 | €59,594 | €165,950 | +€106,356 | +178% |
| Deferred charges and accrued income | 490/1 | - | €4,020 | +€4,020 | |
| Total equity and liabilities | 10/49 | €2,210,258 | €2,090,448 | -€119,810 | -5.4% |
| Equity | 10/15 | €200,577 | €343,338 | +€142,761 | +71.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €150,577 | €150,577 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,940 | €58,940 | = | 0.0% |
| Distributable reserves | 133 | €91,637 | €91,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €142,761 | +€142,761 | |
| Amounts payable | 17/49 | €2,009,681 | €1,747,110 | -€262,571 | -13.1% |
| Amounts payable after more than one year | 17 | €1,181,408 | €1,101,590 | -€79,818 | -6.8% |
| Financial debts | 170/4 | €1,181,408 | €1,101,590 | -€79,818 | -6.8% |
| Credit institutions | 173 | - | €476,349 | +€476,349 | |
| Other loans | 174 | - | €625,241 | +€625,241 | |
| Amounts payable within one year | 42/48 | €804,354 | €617,012 | -€187,342 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €265,912 | €88,403 | -€177,509 | -66.8% |
| Trade debts | 44 | €155,740 | €152,018 | -€3,722 | -2.4% |
| Suppliers | 440/4 | €155,740 | €152,018 | -€3,722 | -2.4% |
| Taxes, remuneration and social security | 45 | €97,944 | €125,040 | +€27,096 | +27.7% |
| Taxes | 450/3 | €97,944 | €125,040 | +€27,096 | +27.7% |
| Other amounts payable | 47/48 | €284,758 | €251,551 | -€33,207 | -11.7% |
| Accrued charges and deferred income | 492/3 | €23,919 | €28,508 | +€4,589 | +19.2% |
| Operating income | 70/76A | - | €588,909 | +€588,909 | |
| Turnover | 70 | - | €227,695 | +€227,695 | |
| Other operating income | 74 | - | €361,214 | +€361,214 | |
| Operating charges | 60/66A | - | €316,126 | +€316,126 | |
| Services and other goods | 61 | - | €172,010 | +€172,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,783 | €124,642 | -€141 | -0.1% |
| Other operating charges | 640/8 | €22,254 | €19,474 | -€2,780 | -12.5% |
| Gross operating margin | 9900 | €324,718 | - | -€324,718 | |
| Operating profit (loss) | 9901 | €177,681 | €272,783 | +€95,102 | +53.5% |
| Financial charges | 65/66B | €23,448 | €34,850 | +€11,402 | +48.6% |
| Recurring financial charges | 65 | €23,448 | €34,850 | +€11,402 | +48.6% |
| Debt charges | 650 | - | €33,709 | +€33,709 | |
| Other financial charges | 652/9 | - | €1,141 | +€1,141 | |
| Profit (loss) for the period before taxes | 9903 | €154,233 | €237,933 | +€83,700 | +54.3% |
| Income taxes | 67/77 | €59,492 | €95,172 | +€35,680 | +60.0% |
| Taxes | 670/3 | - | €95,202 | +€95,202 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €30 | +€30 | |
| Profit (loss) for the period | 9904 | €94,741 | €142,761 | +€48,020 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,741 | €142,761 | +€48,020 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.