chantier 17: 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 17
Largest movements
- Receivables within one year +€28,868
up €28,868 (+279.8%), from €10,316 to €39,184
of which Trade receivables: +€29,376
- Cash -€28,085
down €28,085 (-7.4%), from €379,952 to €351,866
mainly Receivables within one year (-€28,868) and Trade debts (-€16,181)
- Trade debts -€16,181
down €16,181 (-94.9%), from €17,054 to €873
- Reserves +€15,603
up €15,603 (+10.7%), from €146,274 to €161,877
of which Distributable reserves: +€15,603
- Gross operating margin -€1,291
down €1,291 (-5.6%), from €23,080 to €21,790
- Financial income +€1,136
up €1,136 (+54.6%), from €2,081 to €3,217
- Depreciation +€931
up €931 (+77.6%), from €1,200 to €2,130
- Taxes -€706
down €706 (-10.2%), from €6,924 to €6,217
- Other operating charges -€279
down €279 (-41.1%), from €678 to €400
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 | €399,441 | €398,412 | -€1,028 | -0.3% |
| Fixed assets | 21/28 | €7,529 | €6,827 | -€702 | -9.3% |
| Tangible fixed assets | 22/27 | €7,529 | €6,827 | -€702 | -9.3% |
| Plant, machinery and equipment | 23 | €6,310 | €4,800 | -€1,510 | -23.9% |
| Furniture and vehicles | 24 | €1,219 | €2,027 | +€808 | +66.3% |
| Current assets | 29/58 | €391,912 | €391,586 | -€326 | -0.1% |
| Amounts receivable within one year | 40/41 | €10,316 | €39,184 | +€28,868 | +279.8% |
| Trade receivables | 40 | €8,589 | €37,965 | +€29,376 | +342.0% |
| Other amounts receivable | 41 | €1,727 | €1,219 | -€508 | -29.4% |
| Cash at bank and in hand | 54/58 | €379,952 | €351,866 | -€28,085 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,644 | €536 | -€1,109 | -67.4% |
| Total equity and liabilities | 10/49 | €399,441 | €398,412 | -€1,028 | -0.3% |
| Equity | 10/15 | €281,510 | €297,113 | +€15,603 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,274 | €161,877 | +€15,603 | +10.7% |
| 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 | €144,414 | €160,017 | +€15,603 | +10.8% |
| Profit (loss) carried forward | 14 | €116,636 | €116,636 | = | 0.0% |
| Provisions and deferred taxes | 16 | €70,000 | €70,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €70,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable | 17/49 | €47,931 | €31,300 | -€16,631 | -34.7% |
| Amounts payable within one year | 42/48 | €23,703 | €6,621 | -€17,082 | -72.1% |
| Trade debts | 44 | €17,054 | €873 | -€16,181 | -94.9% |
| Suppliers | 440/4 | €17,054 | €873 | -€16,181 | -94.9% |
| Taxes, remuneration and social security | 45 | €6,649 | €3,321 | -€3,328 | -50.1% |
| Taxes | 450/3 | €6,649 | €3,321 | -€3,328 | -50.1% |
| Other amounts payable | 47/48 | - | €2,427 | +€2,427 | |
| Accrued charges and deferred income | 492/3 | €24,228 | €24,678 | +€450 | +1.9% |
| Non-recurring operating income | 76A | €679 | - | -€679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €2,130 | +€931 | +77.6% |
| Other operating charges | 640/8 | €678 | €400 | -€279 | -41.1% |
| Gross operating margin | 9900 | €23,080 | €21,790 | -€1,291 | -5.6% |
| Operating profit (loss) | 9901 | €21,202 | €19,260 | -€1,942 | -9.2% |
| Financial income | 75/76B | €2,081 | €3,217 | +€1,136 | +54.6% |
| Recurring financial income | 75 | €2,081 | €3,217 | +€1,136 | +54.6% |
| Financial charges | 65/66B | €447 | €656 | +€209 | +46.7% |
| Recurring financial charges | 65 | €447 | €656 | +€209 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €22,836 | €21,820 | -€1,016 | -4.4% |
| Income taxes | 67/77 | €6,924 | €6,217 | -€706 | -10.2% |
| Profit (loss) for the period | 9904 | €15,912 | €15,603 | -€309 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,912 | €15,603 | -€309 | -1.9% |
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 10 October 2026 via checked.be.