Brigitte Chasseur: 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.
Brigitte Chasseur
Largest movements
- Receivables within one year +€20,440
up €20,440 (+422%), from €4,848 to €25,288
of which Trade receivables: +€15,935
- Cash +€18,382
up €18,382 (+4.9%), from €375,592 to €393,974
mainly Net result for the year (+€39,308) and Depreciation (+€12,709)
- Tangible fixed assets -€12,709
down €12,709 (-40.4%), from €31,469 to €18,760
of which Furniture and vehicles: -€11,955
- Reserves +€39,308
up €39,308 (+11.5%), from €341,478 to €380,786
of which Distributable reserves: +€39,308
- Other debts -€10,513
down €10,513 (-21.2%), from €49,639 to €39,127
- Gross operating margin -€15,134
down €15,134 (-17.1%), from €88,494 to €73,360
- Taxes -€8,260
down €8,260 (-28.7%), from €28,755 to €20,495
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 | €413,244 | €439,708 | +€26,465 | +6.4% |
| Fixed assets | 21/28 | €31,469 | €18,760 | -€12,709 | -40.4% |
| Tangible fixed assets | 22/27 | €31,469 | €18,760 | -€12,709 | -40.4% |
| Plant, machinery and equipment | 23 | €2,016 | €1,262 | -€754 | -37.4% |
| Furniture and vehicles | 24 | €29,454 | €17,498 | -€11,955 | -40.6% |
| Current assets | 29/58 | €381,774 | €420,948 | +€39,173 | +10.3% |
| Amounts receivable within one year | 40/41 | €4,848 | €25,288 | +€20,440 | +422% |
| Trade receivables | 40 | - | €15,935 | +€15,935 | |
| Other amounts receivable | 41 | €4,848 | €9,353 | +€4,505 | +92.9% |
| Cash at bank and in hand | 54/58 | €375,592 | €393,974 | +€18,382 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,334 | €1,686 | +€351 | +26.3% |
| Total equity and liabilities | 10/49 | €413,244 | €439,708 | +€26,465 | +6.4% |
| Equity | 10/15 | €360,078 | €399,386 | +€39,308 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €341,478 | €380,786 | +€39,308 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €339,618 | €378,926 | +€39,308 | +11.6% |
| Amounts payable | 17/49 | €53,166 | €40,322 | -€12,843 | -24.2% |
| Amounts payable within one year | 42/48 | €53,166 | €40,322 | -€12,843 | -24.2% |
| Financial debts | 43 | €881 | €0 | -€881 | -100% |
| Credit institutions | 430/8 | €881 | €0 | -€881 | -100% |
| Trade debts | 44 | €2,645 | €1,196 | -€1,449 | -54.8% |
| Suppliers | 440/4 | €2,645 | €1,196 | -€1,449 | -54.8% |
| Other amounts payable | 47/48 | €49,639 | €39,127 | -€10,513 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,941 | €12,709 | -€232 | -1.8% |
| Other operating charges | 640/8 | €745 | €698 | -€47 | -6.3% |
| Gross operating margin | 9900 | €88,494 | €73,360 | -€15,134 | -17.1% |
| Operating profit (loss) | 9901 | €74,808 | €59,953 | -€14,855 | -19.9% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €74,673 | €59,803 | -€14,870 | -19.9% |
| Income taxes | 67/77 | €28,755 | €20,495 | -€8,260 | -28.7% |
| Profit (loss) for the period | 9904 | €45,918 | €39,308 | -€6,610 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,918 | €39,308 | -€6,610 | -14.4% |
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 25 October 2026 via checked.be.