CHANELLE: 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.
CHANELLE
Largest movements
- Deferred charges and accrued income +€16,629
up €16,629 (+206.0%), from €8,072 to €24,701
- Cash +€7,746
up €7,746 (+47.9%), from €16,169 to €23,916
mainly Trade debts (+€15,339) and Other debts (+€9,915)
- Receivables within one year +€3,521
up €3,521 (+130.9%), from €2,690 to €6,211
of which Trade receivables: +€2,820
- Tangible fixed assets -€3,310
down €3,310 (-30.9%), from €10,714 to €7,404
of which Furniture and vehicles: -€2,124
- Stocks and contracts +€1,106
up €1,106 (+5.0%), from €22,237 to €23,343
- Trade debts +€15,339
up €15,339 (+81.3%), from €18,863 to €34,202
- Other debts +€9,915
up €9,915 (+23.9%), from €41,425 to €51,340
- Debts after one year -€2,871
down €2,871 (-10.4%), from €27,660 to €24,789
- Profit (loss) carried forward +€2,513
up €2,513 (+3.9%), from -€64,016 to -€61,503
- Tax, wage and social debts +€994
up €994 (+7.0%), from €14,291 to €15,285
of which Remuneration and social security: +€4,588
- Gross operating margin +€13,294
up €13,294 (+23.4%), from €56,804 to €70,099
- Staff costs +€9,498
up €9,498 (+18.2%), from €52,323 to €61,821
- Other operating charges +€2,205
up €2,205 (+1488.0%), from €148 to €2,353
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.
Cash bridge derived
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 | €59,883 | €85,575 | +€25,692 | +42.9% |
| Fixed assets | 21/28 | €10,714 | €7,404 | -€3,310 | -30.9% |
| Tangible fixed assets | 22/27 | €10,714 | €7,404 | -€3,310 | -30.9% |
| Furniture and vehicles | 24 | €2,596 | €472 | -€2,124 | -81.8% |
| Other tangible fixed assets | 26 | €8,118 | €6,932 | -€1,186 | -14.6% |
| Current assets | 29/58 | €49,169 | €78,172 | +€29,002 | +59.0% |
| Stocks and contracts in progress | 3 | €22,237 | €23,343 | +€1,106 | +5.0% |
| Stocks | 30/36 | €22,237 | €23,343 | +€1,106 | +5.0% |
| Amounts receivable within one year | 40/41 | €2,690 | €6,211 | +€3,521 | +130.9% |
| Trade receivables | 40 | €2,690 | €5,510 | +€2,820 | +104.8% |
| Other amounts receivable | 41 | - | €701 | +€701 | |
| Cash at bank and in hand | 54/58 | €16,169 | €23,916 | +€7,746 | +47.9% |
| Deferred charges and accrued income | 490/1 | €8,072 | €24,701 | +€16,629 | +206.0% |
| Total equity and liabilities | 10/49 | €59,883 | €85,575 | +€25,692 | +42.9% |
| Equity | 10/15 | -€45,424 | -€42,911 | +€2,513 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,016 | -€61,503 | +€2,513 | +3.9% |
| Amounts payable | 17/49 | €105,307 | €128,487 | +€23,179 | +22.0% |
| Amounts payable after more than one year | 17 | €27,660 | €24,789 | -€2,871 | -10.4% |
| Financial debts | 170/4 | €27,660 | €24,789 | -€2,871 | -10.4% |
| Amounts payable within one year | 42/48 | €77,647 | €103,697 | +€26,050 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €3,069 | €2,871 | -€198 | -6.4% |
| Trade debts | 44 | €18,863 | €34,202 | +€15,339 | +81.3% |
| Suppliers | 440/4 | €18,863 | €34,202 | +€15,339 | +81.3% |
| Taxes, remuneration and social security | 45 | €14,291 | €15,285 | +€994 | +7.0% |
| Taxes | 450/3 | €3,822 | €228 | -€3,594 | -94.0% |
| Remuneration and social security | 454/9 | €10,468 | €15,057 | +€4,588 | +43.8% |
| Other amounts payable | 47/48 | €41,425 | €51,340 | +€9,915 | +23.9% |
| Remuneration, social security and pensions | 62 | €52,323 | €61,821 | +€9,498 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €1,758 | -€620 | -26.1% |
| Other operating charges | 640/8 | €148 | €2,353 | +€2,205 | +1488.0% |
| Gross operating margin | 9900 | €56,804 | €70,099 | +€13,294 | +23.4% |
| Operating profit (loss) | 9901 | €1,955 | €4,166 | +€2,211 | +113.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,031 | €1,655 | +€623 | +60.4% |
| Recurring financial charges | 65 | €1,031 | €1,655 | +€623 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €924 | €2,513 | +€1,589 | +172.0% |
| Profit (loss) for the period | 9904 | €924 | €2,513 | +€1,589 | +172.0% |
| Profit (loss) for the period to be appropriated | 9905 | €924 | €2,513 | +€1,589 | +172.0% |
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 9 October 2026 via checked.be.