CHANDELLES: 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.
CHANDELLES
Largest movements
- Cash -€19,417
down €19,417 (-39.1%), from €49,658 to €30,241
mainly Debts after one year (-€29,691) and Contributions, distributions and other (-€24,756)
- Tangible fixed assets -€8,171
down €8,171 (-4.0%), from €202,793 to €194,622
of which Land and buildings: -€12,825
- Profit (loss) carried forward +€33,893
up €33,893 (+88.5%), from €38,296 to €72,188
- Debts after one year -€29,691
down €29,691 (-28.5%), from €104,006 to €74,315
- Tax, wage and social debts -€20,273
down €20,273 (-58.4%), from €34,684 to €14,411
of which Taxes: -€10,343
- Other debts -€13,894
down €13,894 (-67.0%), from €20,735 to €6,841
- Trade debts +€7,444
up €7,444 (+37.6%), from €19,795 to €27,240
- Gross operating margin +€26,344
up €26,344 (+17.0%), from €154,897 to €181,241
- Taxes +€5,211
up €5,211 (+47.9%), from €10,890 to €16,101
- Other operating charges +€2,482
up €2,482 (+84.4%), from €2,940 to €5,422
- Depreciation -€1,983
down €1,983 (-8.9%), from €22,399 to €20,416
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 | €271,274 | €245,297 | -€25,976 | -9.6% |
| Fixed assets | 21/28 | €202,793 | €194,622 | -€8,171 | -4.0% |
| Tangible fixed assets | 22/27 | €202,793 | €194,622 | -€8,171 | -4.0% |
| Land and buildings | 22 | €186,675 | €173,850 | -€12,825 | -6.9% |
| Plant, machinery and equipment | 23 | €8,630 | €11,288 | +€2,658 | +30.8% |
| Furniture and vehicles | 24 | €5,892 | €8,367 | +€2,475 | +42.0% |
| Other tangible fixed assets | 26 | €1,596 | €1,117 | -€479 | -30.0% |
| Current assets | 29/58 | €68,481 | €50,675 | -€17,805 | -26.0% |
| Stocks and contracts in progress | 3 | €14,002 | €14,239 | +€237 | +1.7% |
| Stocks | 30/36 | €14,002 | €14,239 | +€237 | +1.7% |
| Amounts receivable within one year | 40/41 | €652 | €774 | +€122 | +18.8% |
| Trade receivables | 40 | €652 | €774 | +€122 | +18.8% |
| Cash at bank and in hand | 54/58 | €49,658 | €30,241 | -€19,417 | -39.1% |
| Deferred charges and accrued income | 490/1 | €4,168 | €5,421 | +€1,252 | +30.0% |
| Total equity and liabilities | 10/49 | €271,274 | €245,297 | -€25,976 | -9.6% |
| Equity | 10/15 | €58,756 | €92,648 | +€33,893 | +57.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,296 | €72,188 | +€33,893 | +88.5% |
| Amounts payable | 17/49 | €212,518 | €152,649 | -€59,869 | -28.2% |
| Amounts payable after more than one year | 17 | €104,006 | €74,315 | -€29,691 | -28.5% |
| Financial debts | 170/4 | €104,006 | €74,315 | -€29,691 | -28.5% |
| Amounts payable within one year | 42/48 | €108,281 | €78,152 | -€30,129 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €33,066 | €29,660 | -€3,406 | -10.3% |
| Trade debts | 44 | €19,795 | €27,240 | +€7,444 | +37.6% |
| Suppliers | 440/4 | €19,795 | €27,240 | +€7,444 | +37.6% |
| Taxes, remuneration and social security | 45 | €34,684 | €14,411 | -€20,273 | -58.4% |
| Taxes | 450/3 | €20,874 | €10,531 | -€10,343 | -49.5% |
| Remuneration and social security | 454/9 | €13,810 | €3,880 | -€9,930 | -71.9% |
| Other amounts payable | 47/48 | €20,735 | €6,841 | -€13,894 | -67.0% |
| Accrued charges and deferred income | 492/3 | €231 | €182 | -€50 | -21.4% |
| Remuneration, social security and pensions | 62 | €74,998 | €76,754 | +€1,756 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,399 | €20,416 | -€1,983 | -8.9% |
| Other operating charges | 640/8 | €2,940 | €5,422 | +€2,482 | +84.4% |
| Gross operating margin | 9900 | €154,897 | €181,241 | +€26,344 | +17.0% |
| Operating profit (loss) | 9901 | €54,559 | €78,649 | +€24,090 | +44.2% |
| Financial income | 75/76B | €0 | €4 | +€4 | +41,700% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +41,700% |
| Financial charges | 65/66B | €4,599 | €3,903 | -€696 | -15.1% |
| Recurring financial charges | 65 | €4,599 | €3,903 | -€696 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €49,960 | €74,750 | +€24,790 | +49.6% |
| Income taxes | 67/77 | €10,890 | €16,101 | +€5,211 | +47.9% |
| Profit (loss) for the period | 9904 | €39,071 | €58,649 | +€19,578 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,071 | €58,649 | +€19,578 | +50.1% |
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.