Chantier: 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.
Chantier
Largest movements
- Cash -€175,181
down €175,181 (-24.7%), from €708,075 to €532,894
mainly Debts after one year (-€161,009) and Investment in fixed assets (net) (-€146,576)
- Receivables within one year +€100,762
up €100,762 (+15.6%), from €646,758 to €747,520
of which Trade receivables: +€95,476
- Tangible fixed assets +€29,992
up €29,992 (+3.6%), from €824,402 to €854,394
of which Furniture and vehicles: +€70,779
- Reserves +€216,074
up €216,074 (+34.9%), from €619,794 to €835,868
- Debts after one year -€161,009
down €161,009 (-100.0%), from €161,009 to €0
- Accrued charges and deferred income -€76,154
down €76,154 (-39.5%), from €192,810 to €116,656
- Provisions -€32,460
down €32,460 (-9.3%), from €350,174 to €317,715
- Staff costs +€169,053
up €169,053 (+6.1%), from €2.8m to €2.9m
- Gross operating margin +€152,426
up €152,426 (+4.9%), from €3.1m to €3.3m
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 | €2,255,680 | €2,204,064 | -€51,616 | -2.3% |
| Fixed assets | 21/28 | €829,323 | €862,149 | +€32,826 | +4.0% |
| Intangible fixed assets | 21 | €3,667 | €5,501 | +€1,834 | +50.0% |
| Tangible fixed assets | 22/27 | €824,402 | €854,394 | +€29,992 | +3.6% |
| Land and buildings | 22 | €752,609 | €716,493 | -€36,116 | -4.8% |
| Plant, machinery and equipment | 23 | €63,564 | €58,893 | -€4,671 | -7.3% |
| Furniture and vehicles | 24 | €8,229 | €79,009 | +€70,779 | +860.1% |
| Financial fixed assets | 28 | €1,254 | €2,254 | +€1,000 | +79.7% |
| Current assets | 29/58 | €1,426,356 | €1,341,915 | -€84,441 | -5.9% |
| Stocks and contracts in progress | 3 | €420 | €2,453 | +€2,033 | +484.1% |
| Stocks | 30/36 | €420 | €2,453 | +€2,033 | +484.1% |
| Amounts receivable within one year | 40/41 | €646,758 | €747,520 | +€100,762 | +15.6% |
| Trade receivables | 40 | €27,278 | €122,755 | +€95,476 | +350.0% |
| Other amounts receivable | 41 | €619,480 | €624,765 | +€5,285 | +0.9% |
| Cash at bank and in hand | 54/58 | €708,075 | €532,894 | -€175,181 | -24.7% |
| Deferred charges and accrued income | 490/1 | €71,103 | €59,048 | -€12,055 | -17.0% |
| Total equity and liabilities | 10/49 | €2,255,680 | €2,204,064 | -€51,616 | -2.3% |
| Equity | 10/15 | €852,505 | €1,065,693 | +€213,188 | +25.0% |
| Contributions | 10/11 | €177,042 | €177,042 | = | 0.0% |
| Capital | 10 | €177,042 | €177,042 | = | 0.0% |
| Reserves | 13 | €619,794 | €835,868 | +€216,074 | +34.9% |
| Profit (loss) carried forward | 14 | €15,287 | €15,287 | = | 0.0% |
| Investment grants | 15 | €40,381 | €37,495 | -€2,886 | -7.1% |
| Provisions and deferred taxes | 16 | €350,174 | €317,715 | -€32,460 | -9.3% |
| Provisions for liabilities and charges | 160/5 | €131,000 | €105,000 | -€26,000 | -19.8% |
| Major repairs and maintenance | 162 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €111,000 | €85,000 | -€26,000 | -23.4% |
| Amounts payable | 17/49 | €1,053,000 | €820,656 | -€232,344 | -22.1% |
| Amounts payable after more than one year | 17 | €161,009 | €0 | -€161,009 | -100.0% |
| Financial debts | 170/4 | €161,009 | €0 | -€161,009 | -100.0% |
| Amounts payable within one year | 42/48 | €699,181 | €704,000 | +€4,819 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €24,186 | €0 | -€24,186 | -100.0% |
| Trade debts | 44 | €106,020 | €114,642 | +€8,621 | +8.1% |
| Suppliers | 440/4 | €106,020 | €114,642 | +€8,621 | +8.1% |
| Advances received on contracts in progress | 46 | €1,771 | €1,771 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €509,848 | €436,451 | -€73,397 | -14.4% |
| Remuneration and social security | 454/9 | €509,848 | €436,451 | -€73,397 | -14.4% |
| Accrued charges and deferred income | 492/3 | €192,810 | €116,656 | -€76,154 | -39.5% |
| Remuneration, social security and pensions | 62 | €2,780,533 | €2,949,586 | +€169,053 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,126 | €113,750 | -€6,376 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,698 | +€26,698 | |
| Other operating charges | 640/8 | €13,617 | €12,720 | -€897 | -6.6% |
| Non-recurring operating charges | 66A | - | €84 | +€84 | |
| Gross operating margin | 9900 | €3,122,030 | €3,274,456 | +€152,426 | +4.9% |
| Operating profit (loss) | 9901 | €171,535 | €204,077 | +€32,542 | +19.0% |
| Financial income | 75/76B | €12,728 | €13,068 | +€339 | +2.7% |
| Recurring financial income | 75 | €12,728 | €13,068 | +€339 | +2.7% |
| Financial charges | 65/66B | €24,493 | €1,070 | -€23,423 | -95.6% |
| Recurring financial charges | 65 | €24,493 | €1,070 | -€23,423 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €159,769 | €216,074 | +€56,305 | +35.2% |
| Profit (loss) for the period | 9904 | €159,769 | €216,074 | +€56,305 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,769 | €216,074 | +€56,305 | +35.2% |
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 11 October 2026 via checked.be.