CHANEL: 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.
What changed
CHANEL
NACE 46.450, Wholesale of perfume and cosmetics
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €2.8m-€76,911
Equity
€1.4m
2024 · €1.3m+€46,813
Cash
€6.5m
2024 · €11.2m-€4.6m
Balance sheet total
€38.8m
2024 · €33.0m+€5.8m
Largest movements
Assets
- Receivables within one year +€5.6m
up €5.6m (+35.6%), from €15.6m to €21.2m
of which Trade receivables: +€5.6m
- Cash -€4.6m
down €4.6m (-41.4%), from €11.2m to €6.5m
mainly Investment in fixed assets (net) (-€6.6m) and Receivables within one year (-€5.6m)
- Tangible fixed assets +€4.2m
up €4.2m (+127%), from €3.3m to €7.5m
of which Other tangible fixed assets: +€4.6m
- Stocks and contracts +€674,953
up €674,953 (+24.5%), from €2.8m to €3.4m
Equity and liabilities
- Trade debts +€5.9m
up €5.9m (+31.2%), from €18.8m to €24.6m
- Other debts -€541,231
down €541,231 (-9.1%), from €5.9m to €5.4m
Income statement
- Turnover +€1.0m
up €1.0m (+1.9%), from €51.8m to €52.8m
- Staff costs -€681,181
down €681,181 (-7.2%), from €9.5m to €8.8m
- Provisions +€569,745
up €569,745, from -€402,438 to €167,307
- Goods and materials +€569,127
up €569,127 (+2.5%), from €23.1m to €23.7m
of which Change in stocks: decrease (increase): +€837,282
- Write-downs -€565,529
down €565,529, from €522,758 to -€42,771
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.
Result 2024
€2.8m
Turnover
+€1.0m
Other operating income
-€214,556
Goods and materials
-€569,127
Services and other goods
-€299,499
Staff costs
+€681,181
Depreciation
-€539,867
Write-downs
+€565,529
Provisions
-€569,745
Other operating charges
-€305,782
Other operating items
+€98,855
Financial income
-€161,910
Financial charges
+€20,207
Taxes
+€216,569
Result 2025
€2.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.6m
Investment
-€6.6m
Financing
-€2.6m
Cash 2024
€11.2m
From operations (derived)
+€4.6m
Net result for the year
+€2.7m
Depreciation
+€2.4m
Stocks and contracts
-€674,953
Receivables within one year
-€5.6m
Deferred charges and accrued income
-€1,150
Provisions
+€167,307
Trade debts
+€5.9m
Tax, wage and social debts
+€81,976
Other debts
-€541,231
Accrued charges and deferred income
+€85,460
Investment (derived)
-€6.6m
Investment in fixed assets (net)
-€6.6m
Financing
-€2.6m
Debts after one year
+€79,441
Contributions, distributions and other
-€2.7m
Cash 2025
€6.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,981,676 | €38,752,512 | +€5.8m | +17.5% |
| Fixed assets | 21/28 | €3,428,865 | €7,575,377 | +€4.1m | +121% |
| Intangible fixed assets | 21 | €99,355 | €33,118 | -€66,236 | -66.7% |
| Tangible fixed assets | 22/27 | €3,322,934 | €7,535,683 | +€4.2m | +127% |
| Plant, machinery and equipment | 23 | €90,130 | €81,110 | -€9,020 | -10.0% |
| Furniture and vehicles | 24 | €734,891 | €430,216 | -€304,675 | -41.5% |
| Other tangible fixed assets | 26 | €2,408,012 | €7,024,357 | +€4.6m | +192% |
| Assets under construction and advance payments | 27 | €89,902 | - | -€89,902 | |
| Financial fixed assets | 28 | €6,576 | €6,576 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,576 | €6,576 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,576 | €6,576 | = | 0.0% |
| Current assets | 29/58 | €29,552,811 | €31,177,135 | +€1.6m | +5.5% |
| Stocks and contracts in progress | 3 | €2,759,061 | €3,434,014 | +€674,953 | +24.5% |
| Stocks | 30/36 | €2,759,061 | €3,434,014 | +€674,953 | +24.5% |
| Goods purchased for resale | 34 | €2,759,061 | €3,434,014 | +€674,953 | +24.5% |
| Amounts receivable within one year | 40/41 | €15,614,626 | €21,180,736 | +€5.6m | +35.6% |
| Trade receivables | 40 | €15,581,705 | €21,145,000 | +€5.6m | +35.7% |
| Other amounts receivable | 41 | €32,920 | €35,736 | +€2,815 | +8.6% |
| Cash at bank and in hand | 54/58 | €11,152,706 | €6,534,816 | -€4.6m | -41.4% |
| Deferred charges and accrued income | 490/1 | €26,419 | €27,570 | +€1,150 | +4.4% |
| Total equity and liabilities | 10/49 | €32,981,676 | €38,752,512 | +€5.8m | +17.5% |
| Equity | 10/15 | €1,346,022 | €1,392,835 | +€46,813 | +3.5% |
| Contributions | 10/11 | €335,250 | €335,250 | = | 0.0% |
| Reserves | 13 | €57,928 | €57,928 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,403 | €24,403 | = | 0.0% |
| Distributable reserves | 133 | €33,525 | €33,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | €952,844 | €999,657 | +€46,813 | +4.9% |
| Provisions and deferred taxes | 16 | €1,588,900 | €1,756,206 | +€167,307 | +10.5% |
| Provisions for liabilities and charges | 160/5 | €1,588,900 | €1,756,206 | +€167,307 | +10.5% |
| Pensions and similar obligations | 160 | €480,552 | €529,665 | +€49,113 | +10.2% |
| Other liabilities and charges | 164/5 | €1,108,348 | €1,226,541 | +€118,194 | +10.7% |
| Amounts payable | 17/49 | €30,046,754 | €35,603,470 | +€5.6m | +18.5% |
| Amounts payable after more than one year | 17 | €507,421 | €586,862 | +€79,441 | +15.7% |
| Other amounts payable | 178/9 | €507,421 | €586,862 | +€79,441 | +15.7% |
| Amounts payable within one year | 42/48 | €29,290,167 | €34,681,982 | +€5.4m | +18.4% |
| Trade debts | 44 | €18,757,200 | €24,608,270 | +€5.9m | +31.2% |
| Suppliers | 440/4 | €18,757,200 | €24,608,270 | +€5.9m | +31.2% |
| Taxes, remuneration and social security | 45 | €4,599,629 | €4,681,605 | +€81,976 | +1.8% |
| Taxes | 450/3 | €2,017,434 | €2,688,479 | +€671,045 | +33.3% |
| Remuneration and social security | 454/9 | €2,582,195 | €1,993,126 | -€589,069 | -22.8% |
| Other amounts payable | 47/48 | €5,933,339 | €5,392,108 | -€541,231 | -9.1% |
| Accrued charges and deferred income | 492/3 | €249,166 | €334,625 | +€85,460 | +34.3% |
| Operating income | 70/76A | €59,824,632 | €60,611,310 | +€786,678 | +1.3% |
| Turnover | 70 | €51,763,615 | €52,764,848 | +€1.0m | +1.9% |
| Other operating income | 74 | €8,061,017 | €7,846,461 | -€214,556 | -2.7% |
| Operating charges | 60/66A | €55,273,053 | €56,211,508 | +€938,455 | +1.7% |
| Goods for resale, raw materials and consumables | 60 | €23,102,523 | €23,671,650 | +€569,127 | +2.5% |
| Purchases | 600/8 | €23,118,113 | €22,849,958 | -€268,155 | -1.2% |
| Change in stocks: decrease (increase) | 609 | -€15,590 | €821,692 | +€837,282 | |
| Services and other goods | 61 | €20,030,275 | €20,329,774 | +€299,499 | +1.5% |
| Remuneration, social security and pensions | 62 | €9,479,762 | €8,798,581 | -€681,181 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891,923 | €2,431,791 | +€539,867 | +28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €522,758 | -€42,771 | -€565,529 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€402,438 | €167,307 | +€569,745 | |
| Other operating charges | 640/8 | €318,434 | €624,216 | +€305,782 | +96.0% |
| Non-recurring operating charges | 66A | €329,815 | €230,961 | -€98,855 | -30.0% |
| Operating profit (loss) | 9901 | €4,551,579 | €4,399,802 | -€151,777 | -3.3% |
| Financial income | 75/76B | €383,381 | €221,471 | -€161,910 | -42.2% |
| Recurring financial income | 75 | €383,381 | €221,471 | -€161,910 | -42.2% |
| Income from current assets | 751 | €382,015 | €218,595 | -€163,420 | -42.8% |
| Other financial income | 752/9 | €1,366 | €2,876 | +€1,510 | +111% |
| Financial charges | 65/66B | €883,747 | €863,540 | -€20,207 | -2.3% |
| Recurring financial charges | 65 | €883,747 | €863,540 | -€20,207 | -2.3% |
| Other financial charges | 652/9 | €883,747 | €863,540 | -€20,207 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €4,051,213 | €3,757,733 | -€293,480 | -7.2% |
| Income taxes | 67/77 | €1,227,489 | €1,010,920 | -€216,569 | -17.6% |
| Taxes | 670/3 | €1,227,489 | €1,010,920 | -€216,569 | -17.6% |
| Profit (loss) for the period | 9904 | €2,823,725 | €2,746,813 | -€76,911 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,823,725 | €2,746,813 | -€76,911 | -2.7% |
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 14 October 2026 via checked.be.