CHANTRY FRERES: 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
CHANTRY FRERES
NACE 01.500, Mixed farming
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€197,097
2025 · €492,459-€295,362
Equity
€1.3m
2025 · €1.2m+€45,198
Cash
€194,776
2025 · €212,350-€17,574
Balance sheet total
€2.5m
2025 · €2.7m-€184,758
Largest movements
Assets
- Tangible fixed assets -€135,325
down €135,325 (-7.9%), from €1.7m to €1.6m
of which Plant, machinery and equipment: -€83,830
- Receivables within one year -€62,670
down €62,670 (-67.1%), from €93,386 to €30,716
of which Other amounts receivable: -€44,003
- Stocks and contracts +€39,397
up €39,397 (+8.1%), from €485,819 to €525,217
Equity and liabilities
- Trade debts -€239,667
down €239,667 (-74.5%), from €321,563 to €81,896
- Reserves +€144,186
up €144,186 (+14.4%), from €1.0m to €1.1m
of which Distributable reserves: +€142,213
- Debts after one year -€103,333
down €103,333 (-44.9%), from €230,004 to €126,671
- Profit (loss) carried forward -€97,089
down €97,089 (-68.3%), from €142,213 to €45,125
- Other debts +€65,168
up €65,168 (+8.9%), from €732,718 to €797,886
Income statement
- Gross operating margin -€329,268
down €329,268 (-39.4%), from €835,202 to €505,934
- Taxes -€91,721
down €91,721 (-56.4%), from €162,501 to €70,780
- Depreciation +€46,671
up €46,671 (+45.5%), from €102,670 to €149,341
- Financial charges +€17,749
up €17,749 (+107%), from €16,529 to €34,278
From the 2025 result to the 2026 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 2025
€492,459
Gross operating margin
-€329,268
Staff costs
-€800
Depreciation
-€46,671
Other operating charges
-€7,900
Financial income
-€787
Financial charges
-€17,749
Taxes
+€91,721
Deferred taxes and other
+€16,091
Result 2026
€197,097
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€255,088
Investment
-€5,429
Financing
-€267,232
Cash 2025
€212,350
From operations (derived)
+€255,088
Net result for the year
+€197,097
Depreciation
+€149,341
Stocks and contracts
-€39,397
Receivables within one year
+€62,670
Provisions
+€658
Trade debts
-€239,667
Tax, wage and social debts
+€61,684
Other debts
+€65,168
Accrued charges and deferred income
-€2,466
Investment (derived)
-€5,429
Investment in fixed assets (net)
-€5,429
Financing
-€267,232
Debts after one year
-€103,333
Current portion of long-term debt
-€12,000
Contributions, distributions and other
-€151,899
Cash 2026
€194,776
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,667,826 | €2,483,067 | -€184,758 | -6.9% |
| Fixed assets | 21/28 | €1,876,271 | €1,732,359 | -€143,912 | -7.7% |
| Intangible fixed assets | 21 | €32,226 | €32,226 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,723,557 | €1,588,232 | -€135,325 | -7.9% |
| Land and buildings | 22 | €1,210,605 | €1,195,966 | -€14,638 | -1.2% |
| Plant, machinery and equipment | 23 | €371,433 | €287,603 | -€83,830 | -22.6% |
| Furniture and vehicles | 24 | €141,520 | €104,663 | -€36,856 | -26.0% |
| Financial fixed assets | 28 | €120,487 | €111,901 | -€8,587 | -7.1% |
| Current assets | 29/58 | €791,555 | €750,708 | -€40,847 | -5.2% |
| Stocks and contracts in progress | 3 | €485,819 | €525,217 | +€39,397 | +8.1% |
| Stocks | 30/36 | €485,819 | €525,217 | +€39,397 | +8.1% |
| Amounts receivable within one year | 40/41 | €93,386 | €30,716 | -€62,670 | -67.1% |
| Trade receivables | 40 | €44,823 | €26,156 | -€18,668 | -41.6% |
| Other amounts receivable | 41 | €48,562 | €4,560 | -€44,003 | -90.6% |
| Cash at bank and in hand | 54/58 | €212,350 | €194,776 | -€17,574 | -8.3% |
| Total equity and liabilities | 10/49 | €2,667,826 | €2,483,067 | -€184,758 | -6.9% |
| Equity | 10/15 | €1,208,643 | €1,253,840 | +€45,198 | +3.7% |
| Contributions | 10/11 | €46,108 | €46,108 | = | 0.0% |
| Revaluation surpluses | 12 | €3,575 | €3,575 | = | 0.0% |
| Reserves | 13 | €1,000,023 | €1,144,209 | +€144,186 | +14.4% |
| Non-distributable reserves | 130/1 | €4,611 | €4,611 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,611 | €4,611 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,154 | €167,127 | +€1,973 | +1.2% |
| Distributable reserves | 133 | €830,258 | €972,472 | +€142,213 | +17.1% |
| Profit (loss) carried forward | 14 | €142,213 | €45,125 | -€97,089 | -68.3% |
| Investment grants | 15 | €16,723 | €14,823 | -€1,899 | -11.4% |
| Provisions and deferred taxes | 16 | €35,190 | €35,848 | +€658 | +1.9% |
| Deferred taxes | 168 | €35,190 | €35,848 | +€658 | +1.9% |
| Amounts payable | 17/49 | €1,423,993 | €1,193,379 | -€230,614 | -16.2% |
| Amounts payable after more than one year | 17 | €230,004 | €126,671 | -€103,333 | -44.9% |
| Financial debts | 170/4 | €230,004 | €126,671 | -€103,333 | -44.9% |
| Amounts payable within one year | 42/48 | €1,191,498 | €1,066,683 | -€124,815 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €115,333 | €103,333 | -€12,000 | -10.4% |
| Trade debts | 44 | €321,563 | €81,896 | -€239,667 | -74.5% |
| Suppliers | 440/4 | €321,563 | €81,896 | -€239,667 | -74.5% |
| Taxes, remuneration and social security | 45 | €21,884 | €83,568 | +€61,684 | +282% |
| Taxes | 450/3 | €15,000 | €76,599 | +€61,599 | +411% |
| Remuneration and social security | 454/9 | €6,884 | €6,969 | +€85 | +1.2% |
| Other amounts payable | 47/48 | €732,718 | €797,886 | +€65,168 | +8.9% |
| Accrued charges and deferred income | 492/3 | €2,491 | €25 | -€2,466 | -99.0% |
| Non-recurring operating income | 76A | €85,000 | €22,500 | -€62,500 | -73.5% |
| Remuneration, social security and pensions | 62 | €36,963 | €37,763 | +€800 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,670 | €149,341 | +€46,671 | +45.5% |
| Other operating charges | 640/8 | €11,396 | €19,297 | +€7,900 | +69.3% |
| Gross operating margin | 9900 | €835,202 | €505,934 | -€329,268 | -39.4% |
| Operating profit (loss) | 9901 | €684,172 | €299,534 | -€384,639 | -56.2% |
| Financial income | 75/76B | €4,067 | €3,279 | -€787 | -19.4% |
| Recurring financial income | 75 | €4,067 | €3,279 | -€787 | -19.4% |
| Financial charges | 65/66B | €16,529 | €34,278 | +€17,749 | +107% |
| Recurring financial charges | 65 | €16,529 | €34,278 | +€17,749 | +107% |
| Profit (loss) for the period before taxes | 9903 | €671,709 | €268,535 | -€403,174 | -60.0% |
| Transfer from deferred taxes | 780 | €4,501 | €4,967 | +€466 | +10.4% |
| Transfer to deferred taxes | 680 | €21,250 | €5,625 | -€15,625 | -73.5% |
| Income taxes | 67/77 | €162,501 | €70,780 | -€91,721 | -56.4% |
| Profit (loss) for the period | 9904 | €492,459 | €197,097 | -€295,362 | -60.0% |
| Transfer from tax-exempt reserves | 789 | €13,504 | €14,902 | +€1,398 | +10.4% |
| Transfer to tax-exempt reserves | 689 | €63,750 | €16,875 | -€46,875 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €442,213 | €195,125 | -€247,089 | -55.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.