Bertrande Chaidron: 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.
Bertrande Chaidron
Largest movements
- Receivables after one year -€53,350
down €53,350 (-97.6%), from €54,653 to €1,303
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€32,984
up €32,984 (+86.7%), from €38,027 to €71,012
of which Trade receivables: +€27,557
- Cash -€6,555
down €6,555 (-23.4%), from €28,068 to €21,514
mainly Contributions, distributions and other (-€126,000) and Receivables within one year (-€32,984)
- Reserves -€54,156
down €54,156 (-43.0%), from €126,041 to €71,885
- Tax, wage and social debts -€23,682
down €23,682 (-53.0%), from €44,711 to €21,030
- Gross operating margin +€23,665
up €23,665 (+30.5%), from €77,622 to €101,287
- Taxes +€5,787
up €5,787 (+27.7%), from €20,902 to €26,689
- Other operating charges -€2,163
down €2,163 (-55.2%), from €3,922 to €1,759
- Financial charges +€1,169
up €1,169 (+68.3%), from €1,713 to €2,882
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 | €173,922 | €95,819 | -€78,103 | -44.9% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €173,722 | €95,619 | -€78,103 | -45.0% |
| Amounts receivable after more than one year | 29 | €54,653 | €1,303 | -€53,350 | -97.6% |
| Other amounts receivable | 291 | €54,653 | €1,303 | -€53,350 | -97.6% |
| Amounts receivable within one year | 40/41 | €38,027 | €71,012 | +€32,984 | +86.7% |
| Trade receivables | 40 | €37,988 | €65,546 | +€27,557 | +72.5% |
| Other amounts receivable | 41 | €39 | €5,466 | +€5,427 | +14,016% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €28,068 | €21,514 | -€6,555 | -23.4% |
| Deferred charges and accrued income | 490/1 | €2,974 | €1,791 | -€1,183 | -39.8% |
| Total equity and liabilities | 10/49 | €173,922 | €95,819 | -€78,103 | -44.9% |
| Equity | 10/15 | €127,541 | €73,385 | -€54,156 | -42.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €126,041 | €71,885 | -€54,156 | -43.0% |
| Distributable reserves | 133 | €126,041 | €71,885 | -€54,156 | -43.0% |
| Amounts payable | 17/49 | €46,381 | €22,434 | -€23,947 | -51.6% |
| Amounts payable within one year | 42/48 | €46,299 | €22,434 | -€23,865 | -51.5% |
| Trade debts | 44 | €1,588 | €1,405 | -€183 | -11.5% |
| Suppliers | 440/4 | €1,588 | €1,405 | -€183 | -11.5% |
| Taxes, remuneration and social security | 45 | €44,711 | €21,030 | -€23,682 | -53.0% |
| Taxes | 450/3 | €44,711 | €21,030 | -€23,682 | -53.0% |
| Accrued charges and deferred income | 492/3 | €82 | - | -€82 | |
| Other operating charges | 640/8 | €3,922 | €1,759 | -€2,163 | -55.2% |
| Gross operating margin | 9900 | €77,622 | €101,287 | +€23,665 | +30.5% |
| Operating profit (loss) | 9901 | €73,700 | €99,528 | +€25,828 | +35.0% |
| Financial income | 75/76B | €2,658 | €1,887 | -€771 | -29.0% |
| Recurring financial income | 75 | €2,658 | €1,887 | -€771 | -29.0% |
| Financial charges | 65/66B | €1,713 | €2,882 | +€1,169 | +68.3% |
| Recurring financial charges | 65 | €1,713 | €2,882 | +€1,169 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €74,645 | €98,533 | +€23,888 | +32.0% |
| Income taxes | 67/77 | €20,902 | €26,689 | +€5,787 | +27.7% |
| Profit (loss) for the period | 9904 | €53,744 | €71,844 | +€18,100 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,744 | €71,844 | +€18,100 | +33.7% |
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 19 October 2026 via checked.be.