CHVOR: 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.
CHVOR
Largest movements
- Cash +€98,787
up €98,787 (+89.6%), from €110,193 to €208,980
mainly Net result for the year (+€150,973) and Other debts (+€58,024)
- Tangible fixed assets +€50,212
up €50,212 (+2,321%), from €2,163 to €52,375
of which Land and buildings: +€45,431
- Receivables within one year -€15,321
down €15,321 (-24.1%), from €63,581 to €48,260
of which Trade receivables: -€27,399
- Profit (loss) carried forward +€67,443
up €67,443 (+121%), from €55,531 to €122,974
- Other debts +€58,024
up €58,024 (+7,253%), from €800 to €58,824
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Trade debts +€4,792
up €4,792 (+190%), from €2,516 to €7,308
- Gross operating margin +€48,824
up €48,824 (+31.6%), from €154,639 to €203,464
- Depreciation +€3,645
up €3,645 (+334%), from €1,090 to €4,735
- Taxes +€2,568
up €2,568 (+5.8%), from €44,059 to €46,627
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 | €177,515 | €312,913 | +€135,397 | +76.3% |
| Fixed assets | 21/28 | €2,163 | €52,375 | +€50,212 | +2,321% |
| Tangible fixed assets | 22/27 | €2,163 | €52,375 | +€50,212 | +2,321% |
| Land and buildings | 22 | - | €45,431 | +€45,431 | |
| Furniture and vehicles | 24 | €2,163 | €6,944 | +€4,780 | +221% |
| Current assets | 29/58 | €175,352 | €260,538 | +€85,186 | +48.6% |
| Amounts receivable within one year | 40/41 | €63,581 | €48,260 | -€15,321 | -24.1% |
| Trade receivables | 40 | €51,085 | €23,686 | -€27,399 | -53.6% |
| Other amounts receivable | 41 | €12,495 | €24,574 | +€12,078 | +96.7% |
| Cash at bank and in hand | 54/58 | €110,193 | €208,980 | +€98,787 | +89.6% |
| Deferred charges and accrued income | 490/1 | €1,578 | €3,298 | +€1,720 | +109% |
| Total equity and liabilities | 10/49 | €177,515 | €312,913 | +€135,397 | +76.3% |
| Equity | 10/15 | €167,931 | €241,574 | +€73,643 | +43.9% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,531 | €122,974 | +€67,443 | +121% |
| Amounts payable | 17/49 | €9,585 | €71,339 | +€61,754 | +644% |
| Amounts payable within one year | 42/48 | €9,585 | €71,339 | +€61,754 | +644% |
| Trade debts | 44 | €2,516 | €7,308 | +€4,792 | +190% |
| Suppliers | 440/4 | €2,516 | €7,308 | +€4,792 | +190% |
| Taxes, remuneration and social security | 45 | €6,269 | €5,207 | -€1,062 | -16.9% |
| Taxes | 450/3 | €6,269 | €5,207 | -€1,062 | -16.9% |
| Other amounts payable | 47/48 | €800 | €58,824 | +€58,024 | +7,253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €4,735 | +€3,645 | +334% |
| Other operating charges | 640/8 | €1,013 | €985 | -€28 | -2.8% |
| Gross operating margin | 9900 | €154,639 | €203,464 | +€48,824 | +31.6% |
| Operating profit (loss) | 9901 | €152,536 | €197,744 | +€45,208 | +29.6% |
| Financial income | 75/76B | €146 | €869 | +€724 | +497% |
| Recurring financial income | 75 | €146 | €869 | +€724 | +497% |
| Financial charges | 65/66B | €670 | €1,013 | +€343 | +51.2% |
| Recurring financial charges | 65 | €670 | €1,013 | +€343 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €152,012 | €197,600 | +€45,588 | +30.0% |
| Income taxes | 67/77 | €44,059 | €46,627 | +€2,568 | +5.8% |
| Profit (loss) for the period | 9904 | €107,953 | €150,973 | +€43,020 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,953 | €150,973 | +€43,020 | +39.9% |
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 17 October 2026 via checked.be.