CHAPITEAU PAUCOT: 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.
CHAPITEAU PAUCOT
Largest movements
- Tangible fixed assets -€93,567
down €93,567 (-32.6%), from €287,051 to €193,484
of which Plant, machinery and equipment: -€84,684
- Receivables within one year +€37,840
up €37,840 (+54.8%), from €69,078 to €106,919
of which Other amounts receivable: +€48,984
- Cash -€31,007
no longer reported in 2025 (was €31,007)
mainly Debts after one year (-€59,817) and Net result for the year (-€42,611)
- Debts after one year -€59,817
down €59,817 (-19.1%), from €312,394 to €252,577
- Profit (loss) carried forward -€42,611
down €42,611 (-328%), from -€13,003 to -€55,613
- Trade debts +€14,590
up €14,590 (+122%), from €11,980 to €26,571
- Short-term financial debts +€7,980
new in 2025: €7,980
- Current portion of long-term debt -€6,000
down €6,000 (-12.2%), from €49,317 to €43,317
- Gross operating margin -€66,340
down €66,340 (-24.1%), from €275,178 to €208,838
- Staff costs -€17,044
down €17,044 (-11.0%), from €155,294 to €138,249
- Taxes -€3,990
down €3,990 (-78.5%), from €5,083 to €1,092
- Other operating charges -€3,958
down €3,958 (-42.6%), from €9,285 to €5,327
- Financial charges +€3,017
up €3,017 (+23.9%), from €12,638 to €15,655
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 | €393,349 | €305,512 | -€87,836 | -22.3% |
| Fixed assets | 21/28 | €287,051 | €193,484 | -€93,567 | -32.6% |
| Tangible fixed assets | 22/27 | €287,051 | €193,484 | -€93,567 | -32.6% |
| Land and buildings | 22 | €14,434 | €12,951 | -€1,482 | -10.3% |
| Plant, machinery and equipment | 23 | €244,067 | €159,384 | -€84,684 | -34.7% |
| Furniture and vehicles | 24 | €28,550 | €21,149 | -€7,401 | -25.9% |
| Current assets | 29/58 | €106,298 | €112,028 | +€5,730 | +5.4% |
| Amounts receivable within one year | 40/41 | €69,078 | €106,919 | +€37,840 | +54.8% |
| Trade receivables | 40 | €38,011 | €26,868 | -€11,144 | -29.3% |
| Other amounts receivable | 41 | €31,067 | €80,051 | +€48,984 | +158% |
| Cash at bank and in hand | 54/58 | €31,007 | - | -€31,007 | |
| Deferred charges and accrued income | 490/1 | €6,213 | €5,109 | -€1,103 | -17.8% |
| Total equity and liabilities | 10/49 | €393,349 | €305,512 | -€87,836 | -22.3% |
| Equity | 10/15 | -€7,003 | -€49,613 | -€42,611 | -608% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,003 | -€55,613 | -€42,611 | -328% |
| Amounts payable | 17/49 | €400,351 | €355,126 | -€45,226 | -11.3% |
| Amounts payable after more than one year | 17 | €312,394 | €252,577 | -€59,817 | -19.1% |
| Financial debts | 170/4 | €312,394 | €252,577 | -€59,817 | -19.1% |
| Amounts payable within one year | 42/48 | €87,958 | €102,549 | +€14,591 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €49,317 | €43,317 | -€6,000 | -12.2% |
| Financial debts | 43 | - | €7,980 | +€7,980 | |
| Credit institutions | 430/8 | - | €7,980 | +€7,980 | |
| Trade debts | 44 | €11,980 | €26,571 | +€14,590 | +122% |
| Suppliers | 440/4 | €11,980 | €26,571 | +€14,590 | +122% |
| Advances received on contracts in progress | 46 | - | €523 | +€523 | |
| Taxes, remuneration and social security | 45 | €26,661 | €24,159 | -€2,502 | -9.4% |
| Taxes | 450/3 | €23,788 | €18,906 | -€4,882 | -20.5% |
| Remuneration and social security | 454/9 | €2,873 | €5,253 | +€2,380 | +82.9% |
| Remuneration, social security and pensions | 62 | €155,294 | €138,249 | -€17,044 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,474 | €93,567 | +€2,093 | +2.3% |
| Other operating charges | 640/8 | €9,285 | €5,327 | -€3,958 | -42.6% |
| Gross operating margin | 9900 | €275,178 | €208,838 | -€66,340 | -24.1% |
| Operating profit (loss) | 9901 | €19,125 | -€28,305 | -€47,430 | |
| Financial income | 75/76B | €28 | €2,441 | +€2,414 | +8,749% |
| Recurring financial income | 75 | €28 | €2,441 | +€2,414 | +8,749% |
| Financial charges | 65/66B | €12,638 | €15,655 | +€3,017 | +23.9% |
| Recurring financial charges | 65 | €12,638 | €15,655 | +€3,017 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €6,515 | -€41,518 | -€48,033 | |
| Income taxes | 67/77 | €5,083 | €1,092 | -€3,990 | -78.5% |
| Profit (loss) for the period | 9904 | €1,432 | -€42,611 | -€44,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,432 | -€42,611 | -€44,043 |
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 27 October 2026 via checked.be.