Chapeluur: 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.
Chapeluur
Largest movements
- Cash +€18,270
up €18,270 (+37.0%), from €49,383 to €67,653
mainly Trade debts (+€86,177) and Depreciation (+€55,859)
- Tangible fixed assets -€14,552
down €14,552 (-6.0%), from €243,774 to €229,222
of which Plant, machinery and equipment: -€14,616
- Receivables within one year +€12,817
up €12,817 (+57.7%), from €22,220 to €35,037
of which Other amounts receivable: +€15,000
- Deferred charges and accrued income +€11,597
up €11,597 (+69.9%), from €16,586 to €28,183
- Trade debts +€86,177
up €86,177 (+63.1%), from €136,673 to €222,850
- Profit (loss) carried forward -€59,499
down €59,499 (-257%), from -€23,169 to -€82,668
- Debts after one year -€27,128
down €27,128 (-19.5%), from €139,134 to €112,006
of which Financial debts: -€26,693
- Tax, wage and social debts +€13,938
up €13,938 (+24.2%), from €57,572 to €71,510
of which Remuneration and social security: +€12,256
- Short-term financial debts +€5,658
new in 2025: €5,658
- Staff costs +€75,743
up €75,743 (+18.9%), from €400,688 to €476,431
- Gross operating margin -€11,591
down €11,591 (-2.3%), from €504,515 to €492,924
- Depreciation +€7,117
up €7,117 (+14.6%), from €48,742 to €55,859
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,718 | €419,485 | +€30,767 | +7.9% |
| Fixed assets | 21/28 | €260,724 | €245,672 | -€15,052 | -5.8% |
| Tangible fixed assets | 22/27 | €243,774 | €229,222 | -€14,552 | -6.0% |
| Plant, machinery and equipment | 23 | €238,850 | €224,234 | -€14,616 | -6.1% |
| Furniture and vehicles | 24 | €4,924 | €4,988 | +€64 | +1.3% |
| Financial fixed assets | 28 | €16,950 | €16,450 | -€500 | -2.9% |
| Current assets | 29/58 | €127,994 | €173,813 | +€45,819 | +35.8% |
| Stocks and contracts in progress | 3 | €39,805 | €42,940 | +€3,135 | +7.9% |
| Stocks | 30/36 | €39,805 | €42,940 | +€3,135 | +7.9% |
| Amounts receivable within one year | 40/41 | €22,220 | €35,037 | +€12,817 | +57.7% |
| Trade receivables | 40 | €22,220 | €20,037 | -€2,183 | -9.8% |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €49,383 | €67,653 | +€18,270 | +37.0% |
| Deferred charges and accrued income | 490/1 | €16,586 | €28,183 | +€11,597 | +69.9% |
| Total equity and liabilities | 10/49 | €388,718 | €419,485 | +€30,767 | +7.9% |
| Equity | 10/15 | €17,805 | -€41,694 | -€59,499 | |
| Contributions | 10/11 | €40,974 | €40,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,169 | -€82,668 | -€59,499 | -257% |
| Amounts payable | 17/49 | €370,913 | €461,179 | +€90,266 | +24.3% |
| Amounts payable after more than one year | 17 | €139,134 | €112,006 | -€27,128 | -19.5% |
| Financial debts | 170/4 | €138,699 | €112,006 | -€26,693 | -19.2% |
| Other amounts payable | 178/9 | €435 | - | -€435 | |
| Amounts payable within one year | 42/48 | €231,779 | €345,920 | +€114,141 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €37,534 | €41,877 | +€4,343 | +11.6% |
| Financial debts | 43 | - | €5,658 | +€5,658 | |
| Credit institutions | 430/8 | - | €5,658 | +€5,658 | |
| Trade debts | 44 | €136,673 | €222,850 | +€86,177 | +63.1% |
| Suppliers | 440/4 | €136,673 | €222,850 | +€86,177 | +63.1% |
| Advances received on contracts in progress | 46 | - | €4,025 | +€4,025 | |
| Taxes, remuneration and social security | 45 | €57,572 | €71,510 | +€13,938 | +24.2% |
| Taxes | 450/3 | €21,453 | €23,135 | +€1,682 | +7.8% |
| Remuneration and social security | 454/9 | €36,119 | €48,375 | +€12,256 | +33.9% |
| Accrued charges and deferred income | 492/3 | - | €3,253 | +€3,253 | |
| Remuneration, social security and pensions | 62 | €400,688 | €476,431 | +€75,743 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,742 | €55,859 | +€7,117 | +14.6% |
| Other operating charges | 640/8 | €4,966 | €4,766 | -€200 | -4.0% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €504,515 | €492,924 | -€11,591 | -2.3% |
| Operating profit (loss) | 9901 | €49,869 | -€44,132 | -€94,001 | |
| Financial income | 75/76B | €66 | €57 | -€9 | -13.6% |
| Recurring financial income | 75 | €66 | €57 | -€9 | -13.6% |
| Financial charges | 65/66B | €15,267 | €15,122 | -€145 | -0.9% |
| Recurring financial charges | 65 | €15,267 | €15,122 | -€145 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €34,668 | -€59,197 | -€93,865 | |
| Income taxes | 67/77 | €232 | €302 | +€70 | +30.2% |
| Profit (loss) for the period | 9904 | €34,436 | -€59,499 | -€93,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,436 | -€59,499 | -€93,935 |
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 18 October 2026 via checked.be.