CHENU: 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.
CHENU
Largest movements
- Stocks and contracts +€9,260
up €9,260 (+147%), from €6,284 to €15,544
- Cash +€5,633
up €5,633 (+10.6%), from €53,061 to €58,694
mainly Net result for the year (+€11,560) and Trade debts (+€2,445)
- Reserves +€11,560
up €11,560 (+21.8%), from €53,089 to €64,649
- Trade debts +€2,445
up €2,445 (+2,163%), from €113 to €2,558
- Gross operating margin +€7,299
up €7,299 (+86.5%), from €8,441 to €15,740
- Taxes +€1,774
up €1,774 (+78.8%), from €2,250 to €4,024
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 | €61,657 | €75,936 | +€14,279 | +23.2% |
| Current assets | 29/58 | €61,657 | €75,936 | +€14,279 | +23.2% |
| Stocks and contracts in progress | 3 | €6,284 | €15,544 | +€9,260 | +147% |
| Stocks | 30/36 | €6,284 | €15,544 | +€9,260 | +147% |
| Amounts receivable within one year | 40/41 | €2,013 | €1,379 | -€634 | -31.5% |
| Trade receivables | 40 | €1,252 | €737 | -€515 | -41.2% |
| Other amounts receivable | 41 | €761 | €642 | -€118 | -15.5% |
| Cash at bank and in hand | 54/58 | €53,061 | €58,694 | +€5,633 | +10.6% |
| Deferred charges and accrued income | 490/1 | €299 | €319 | +€20 | +6.6% |
| Total equity and liabilities | 10/49 | €61,657 | €75,936 | +€14,279 | +23.2% |
| Equity | 10/15 | €59,294 | €70,854 | +€11,560 | +19.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €53,089 | €64,649 | +€11,560 | +21.8% |
| Distributable reserves | 133 | €53,089 | €64,649 | +€11,560 | +21.8% |
| Amounts payable | 17/49 | €2,363 | €5,082 | +€2,719 | +115% |
| Amounts payable within one year | 42/48 | €2,363 | €5,082 | +€2,719 | +115% |
| Trade debts | 44 | €113 | €2,558 | +€2,445 | +2,163% |
| Suppliers | 440/4 | €113 | €2,558 | +€2,445 | +2,163% |
| Taxes, remuneration and social security | 45 | €2,250 | €2,524 | +€274 | +12.2% |
| Taxes | 450/3 | €2,250 | €2,524 | +€274 | +12.2% |
| Other operating charges | 640/8 | €89 | - | -€89 | |
| Gross operating margin | 9900 | €8,441 | €15,740 | +€7,299 | +86.5% |
| Operating profit (loss) | 9901 | €8,353 | €15,740 | +€7,387 | +88.4% |
| Financial income | 75/76B | €6 | €26 | +€21 | +352% |
| Recurring financial income | 75 | €6 | €26 | +€21 | +352% |
| Financial charges | 65/66B | €164 | €182 | +€18 | +11.1% |
| Recurring financial charges | 65 | €164 | €182 | +€18 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €8,195 | €15,584 | +€7,390 | +90.2% |
| Income taxes | 67/77 | €2,250 | €4,024 | +€1,774 | +78.8% |
| Profit (loss) for the period | 9904 | €5,944 | €11,560 | +€5,616 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,944 | €11,560 | +€5,616 | +94.5% |
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 14 October 2026 via checked.be.