H2 CHAUD: 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.
H2 CHAUD
Largest movements
- Receivables within one year +€15,894
up €15,894 (+315%), from €5,053 to €20,948
of which Trade receivables: +€18,070
- Cash +€2,554
up €2,554 (+3.9%), from €64,740 to €67,294
mainly Net result for the year (+€11,833) and Trade debts (+€3,729)
- Tangible fixed assets -€2,011
no longer reported in 2025 (was €2,011)
- Profit (loss) carried forward +€11,833
up €11,833 (+17.2%), from €68,785 to €80,619
- Trade debts +€3,729
up €3,729 (+2,198%), from €170 to €3,899
- Turnover +€178,018
new in 2025: €178,018
- Purchases and services +€155,975
new in 2025: €155,975
- Gross operating margin -€63,982
down €63,982 (-74.4%), from €86,025 to €22,043
- Other operating charges -€58,567
down €58,567 (-87.9%), from €66,615 to €8,048
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 | €79,004 | €95,442 | +€16,438 | +20.8% |
| Fixed assets | 21/28 | €2,011 | - | -€2,011 | |
| Tangible fixed assets | 22/27 | €2,011 | - | -€2,011 | |
| Furniture and vehicles | 24 | €2,011 | - | -€2,011 | |
| Current assets | 29/58 | €76,994 | €95,442 | +€18,448 | +24.0% |
| Amounts receivable within one year | 40/41 | €5,053 | €20,948 | +€15,894 | +315% |
| Trade receivables | 40 | €2,878 | €20,948 | +€18,070 | +628% |
| Other amounts receivable | 41 | €2,175 | - | -€2,175 | |
| Cash at bank and in hand | 54/58 | €64,740 | €67,294 | +€2,554 | +3.9% |
| Deferred charges and accrued income | 490/1 | €7,200 | €7,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €79,004 | €95,442 | +€16,438 | +20.8% |
| Equity | 10/15 | €78,785 | €90,619 | +€11,833 | +15.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,785 | €80,619 | +€11,833 | +17.2% |
| Amounts payable | 17/49 | €219 | €4,823 | +€4,604 | +2,103% |
| Amounts payable within one year | 42/48 | €219 | €4,823 | +€4,604 | +2,103% |
| Trade debts | 44 | €170 | €3,899 | +€3,729 | +2,198% |
| Suppliers | 440/4 | €170 | €3,899 | +€3,729 | +2,198% |
| Taxes, remuneration and social security | 45 | - | €875 | +€875 | |
| Taxes | 450/3 | - | €875 | +€875 | |
| Other amounts payable | 47/48 | €49 | €49 | = | 0.0% |
| Turnover | 70 | - | €178,018 | +€178,018 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €155,975 | +€155,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €2,011 | -€735 | -26.8% |
| Other operating charges | 640/8 | €66,615 | €8,048 | -€58,567 | -87.9% |
| Gross operating margin | 9900 | €86,025 | €22,043 | -€63,982 | -74.4% |
| Operating profit (loss) | 9901 | €16,663 | €11,984 | -€4,679 | -28.1% |
| Financial charges | 65/66B | - | €151 | +€151 | |
| Recurring financial charges | 65 | - | €151 | +€151 | |
| Profit (loss) for the period before taxes | 9903 | €16,663 | €11,833 | -€4,830 | -29.0% |
| Profit (loss) for the period | 9904 | €16,663 | €11,833 | -€4,830 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,663 | €11,833 | -€4,830 | -29.0% |
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 27 October 2026 via checked.be.