ALEXANDRE CHAPELIER: 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.
ALEXANDRE CHAPELIER
Largest movements
- Cash +€12,894
up €12,894 (+132%), from €9,775 to €22,669
mainly Net result for the year (+€74,620) and Other debts (+€38,542)
- Current investments +€10,043
up €10,043 (+35.9%), from €28,004 to €38,047
- Receivables within one year +€9,531
up €9,531 (+56.4%), from €16,884 to €26,414
- Intangible fixed assets -€1,685
down €1,685 (-40.3%), from €4,181 to €2,497
- Tangible fixed assets -€1,193
down €1,193 (-71.7%), from €1,664 to €471
- Other debts +€38,542
up €38,542 (+692%), from €5,567 to €44,109
- Tax, wage and social debts -€16,453
down €16,453 (-40.7%), from €40,381 to €23,927
- Profit (loss) carried forward +€4,620
up €4,620 (+86.9%), from €5,314 to €9,933
- Trade debts +€3,243
up €3,243 (+38.5%), from €8,413 to €11,655
- Gross operating margin +€21,640
up €21,640 (+28.2%), from €76,771 to €98,411
- Taxes +€5,304
up €5,304 (+36.5%), from €14,514 to €19,817
- Other operating charges -€3,854
down €3,854 (-83.0%), from €4,643 to €789
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 | €61,174 | €91,125 | +€29,951 | +49.0% |
| Formation expenses | 20 | €365 | €156 | -€208 | -57.1% |
| Fixed assets | 21/28 | €5,845 | €2,967 | -€2,878 | -49.2% |
| Intangible fixed assets | 21 | €4,181 | €2,497 | -€1,685 | -40.3% |
| Tangible fixed assets | 22/27 | €1,664 | €471 | -€1,193 | -71.7% |
| Furniture and vehicles | 24 | €1,664 | €471 | -€1,193 | -71.7% |
| Current assets | 29/58 | €54,964 | €88,001 | +€33,037 | +60.1% |
| Amounts receivable within one year | 40/41 | €16,884 | €26,414 | +€9,531 | +56.4% |
| Trade receivables | 40 | €16,884 | €26,414 | +€9,531 | +56.4% |
| Current investments | 50/53 | €28,004 | €38,047 | +€10,043 | +35.9% |
| Cash at bank and in hand | 54/58 | €9,775 | €22,669 | +€12,894 | +132% |
| Deferred charges and accrued income | 490/1 | €301 | €871 | +€570 | +189% |
| Total equity and liabilities | 10/49 | €61,174 | €91,125 | +€29,951 | +49.0% |
| Equity | 10/15 | €6,814 | €11,433 | +€4,620 | +67.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,314 | €9,933 | +€4,620 | +86.9% |
| Amounts payable | 17/49 | €54,360 | €79,692 | +€25,332 | +46.6% |
| Amounts payable within one year | 42/48 | €54,360 | €79,692 | +€25,332 | +46.6% |
| Trade debts | 44 | €8,413 | €11,655 | +€3,243 | +38.5% |
| Suppliers | 440/4 | €8,413 | €11,655 | +€3,243 | +38.5% |
| Taxes, remuneration and social security | 45 | €40,381 | €23,927 | -€16,453 | -40.7% |
| Taxes | 450/3 | €40,381 | €23,927 | -€16,453 | -40.7% |
| Other amounts payable | 47/48 | €5,567 | €44,109 | +€38,542 | +692% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,086 | €3,086 | = | 0.0% |
| Other operating charges | 640/8 | €4,643 | €789 | -€3,854 | -83.0% |
| Gross operating margin | 9900 | €76,771 | €98,411 | +€21,640 | +28.2% |
| Operating profit (loss) | 9901 | €69,042 | €94,536 | +€25,494 | +36.9% |
| Financial income | 75/76B | €129 | €998 | +€869 | +676% |
| Recurring financial income | 75 | €129 | €998 | +€869 | +676% |
| Financial charges | 65/66B | €1,156 | €1,097 | -€59 | -5.1% |
| Recurring financial charges | 65 | €1,156 | €1,097 | -€59 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €68,015 | €94,437 | +€26,423 | +38.8% |
| Income taxes | 67/77 | €14,514 | €19,817 | +€5,304 | +36.5% |
| Profit (loss) for the period | 9904 | €53,501 | €74,620 | +€21,119 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,501 | €74,620 | +€21,119 | +39.5% |
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 15 October 2026 via checked.be.