Frères CHEN: 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.
Frères CHEN
Largest movements
- Tangible fixed assets -€11,704
down €11,704 (-24.0%), from €48,786 to €37,082
of which Furniture and vehicles: -€12,426
- Cash +€7,607
up €7,607 (+16.4%), from €46,375 to €53,981
mainly Depreciation (+€12,949) and Stocks and contracts (+€2,307)
- Stocks and contracts -€2,307
down €2,307 (-65.4%), from €3,528 to €1,221
- Receivables within one year +€1,229
up €1,229 (+75.4%), from €1,629 to €2,858
- Debts after one year -€8,217
down €8,217 (-25.5%), from €32,261 to €24,044
- Profit (loss) carried forward +€1,963
up €1,963 (+4.5%), from €43,878 to €45,841
- Tax, wage and social debts -€1,605
down €1,605 (-14.4%), from €11,178 to €9,573
of which Taxes: -€1,299
- Trade debts +€1,276
up €1,276 (+123.8%), from €1,030 to €2,306
- Gross operating margin -€25,627
down €25,627 (-46.3%), from €55,311 to €29,684
- Depreciation +€7,981
up €7,981 (+160.7%), from €4,967 to €12,949
- Other operating charges -€5,149
down €5,149 (-83.6%), from €6,160 to €1,011
- Taxes -€3,877
down €3,877 (-58.3%), from €6,648 to €2,771
- Staff costs -€1,651
down €1,651 (-17.9%), from €9,210 to €7,559
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.
Cash bridge derived
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 | €103,201 | €97,095 | -€6,106 | -5.9% |
| Fixed assets | 21/28 | €48,786 | €37,082 | -€11,704 | -24.0% |
| Tangible fixed assets | 22/27 | €48,786 | €37,082 | -€11,704 | -24.0% |
| Plant, machinery and equipment | 23 | €789 | €1,511 | +€722 | +91.5% |
| Furniture and vehicles | 24 | €47,997 | €35,571 | -€12,426 | -25.9% |
| Current assets | 29/58 | €54,415 | €60,013 | +€5,598 | +10.3% |
| Stocks and contracts in progress | 3 | €3,528 | €1,221 | -€2,307 | -65.4% |
| Stocks | 30/36 | €3,528 | €1,221 | -€2,307 | -65.4% |
| Amounts receivable within one year | 40/41 | €1,629 | €2,858 | +€1,229 | +75.4% |
| Other amounts receivable | 41 | €1,629 | €2,858 | +€1,229 | +75.4% |
| Cash at bank and in hand | 54/58 | €46,375 | €53,981 | +€7,607 | +16.4% |
| Deferred charges and accrued income | 490/1 | €2,884 | €1,953 | -€931 | -32.3% |
| Total equity and liabilities | 10/49 | €103,201 | €97,095 | -€6,106 | -5.9% |
| Equity | 10/15 | €50,078 | €52,041 | +€1,963 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,878 | €45,841 | +€1,963 | +4.5% |
| Amounts payable | 17/49 | €53,123 | €45,054 | -€8,069 | -15.2% |
| Amounts payable after more than one year | 17 | €32,261 | €24,044 | -€8,217 | -25.5% |
| Financial debts | 170/4 | €32,261 | €24,044 | -€8,217 | -25.5% |
| Amounts payable within one year | 42/48 | €20,862 | €21,011 | +€148 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €7,814 | €8,217 | +€403 | +5.2% |
| Trade debts | 44 | €1,030 | €2,306 | +€1,276 | +123.8% |
| Suppliers | 440/4 | €1,030 | €2,306 | +€1,276 | +123.8% |
| Taxes, remuneration and social security | 45 | €11,178 | €9,573 | -€1,605 | -14.4% |
| Taxes | 450/3 | €5,128 | €3,829 | -€1,299 | -25.3% |
| Remuneration and social security | 454/9 | €6,050 | €5,744 | -€306 | -5.1% |
| Other amounts payable | 47/48 | €840 | €915 | +€75 | +8.9% |
| Remuneration, social security and pensions | 62 | €9,210 | €7,559 | -€1,651 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,967 | €12,949 | +€7,981 | +160.7% |
| Other operating charges | 640/8 | €6,160 | €1,011 | -€5,149 | -83.6% |
| Gross operating margin | 9900 | €55,311 | €29,684 | -€25,627 | -46.3% |
| Operating profit (loss) | 9901 | €34,974 | €8,165 | -€26,809 | -76.7% |
| Financial charges | 65/66B | €3,059 | €3,431 | +€372 | +12.2% |
| Recurring financial charges | 65 | €3,059 | €3,431 | +€372 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €31,915 | €4,734 | -€27,181 | -85.2% |
| Income taxes | 67/77 | €6,648 | €2,771 | -€3,877 | -58.3% |
| Profit (loss) for the period | 9904 | €25,267 | €1,963 | -€23,304 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,267 | €1,963 | -€23,304 | -92.2% |
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 10 October 2026 via checked.be.