CHATEAU D'OR: 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.
CHATEAU D'OR
Largest movements
- Tangible fixed assets +€301,335
up €301,335 (+131%), from €230,195 to €531,530
of which Land and buildings: +€292,097
- Deferred charges and accrued income +€160,222
new in 2025: €160,222
- Cash -€110,486
down €110,486 (-92.1%), from €119,927 to €9,441
mainly Investment in fixed assets (net) (-€301,525) and Deferred charges and accrued income (-€160,222)
- Debts after one year +€266,354
up €266,354 (+325%), from €81,969 to €348,323
- Profit (loss) carried forward +€58,799
up €58,799 (+40.4%), from -€145,401 to -€86,602
- Current portion of long-term debt +€16,140
up €16,140 (+216%), from €7,470 to €23,610
- Tax, wage and social debts +€15,854
up €15,854 (+11,731%), from €135 to €15,989
- Taxes +€15,719
up €15,719 (+11,632%), from €135 to €15,854
- Gross operating margin -€13,432
down €13,432 (-13.0%), from €103,155 to €89,723
- Financial charges -€8,487
down €8,487 (-41.3%), from €20,573 to €12,086
- Other operating charges -€3,024
down €3,024 (-52.0%), from €5,821 to €2,797
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 | €390,121 | €747,300 | +€357,179 | +91.6% |
| Fixed assets | 21/28 | €230,195 | €531,530 | +€301,335 | +131% |
| Tangible fixed assets | 22/27 | €230,195 | €531,530 | +€301,335 | +131% |
| Land and buildings | 22 | €100,674 | €392,771 | +€292,097 | +290% |
| Furniture and vehicles | 24 | - | €3,408 | +€3,408 | |
| Assets under construction and advance payments | 27 | €129,521 | €135,351 | +€5,830 | +4.5% |
| Current assets | 29/58 | €159,927 | €215,770 | +€55,844 | +34.9% |
| Amounts receivable within one year | 40/41 | €40,000 | €46,107 | +€6,107 | +15.3% |
| Other amounts receivable | 41 | €40,000 | €46,107 | +€6,107 | +15.3% |
| Cash at bank and in hand | 54/58 | €119,927 | €9,441 | -€110,486 | -92.1% |
| Deferred charges and accrued income | 490/1 | - | €160,222 | +€160,222 | |
| Total equity and liabilities | 10/49 | €390,121 | €747,300 | +€357,179 | +91.6% |
| Equity | 10/15 | €212,612 | €271,410 | +€58,799 | +27.7% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €258,812 | €258,812 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €248,896 | €248,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,401 | -€86,602 | +€58,799 | +40.4% |
| Provisions and deferred taxes | 16 | €82,965 | €82,965 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,965 | €82,965 | = | 0.0% |
| Taxes | 161 | €82,965 | €82,965 | = | 0.0% |
| Amounts payable | 17/49 | €94,544 | €392,925 | +€298,380 | +316% |
| Amounts payable after more than one year | 17 | €81,969 | €348,323 | +€266,354 | +325% |
| Financial debts | 170/4 | €81,969 | €348,323 | +€266,354 | +325% |
| Amounts payable within one year | 42/48 | €12,575 | €44,602 | +€32,027 | +255% |
| Current portion of amounts payable after more than one year | 42 | €7,470 | €23,610 | +€16,140 | +216% |
| Financial debts | 43 | €932 | €1,932 | +€999 | +107% |
| Credit institutions | 430/8 | €932 | €1,932 | +€999 | +107% |
| Trade debts | 44 | €145 | €3,071 | +€2,927 | +2,025% |
| Suppliers | 440/4 | €145 | €3,071 | +€2,927 | +2,025% |
| Taxes, remuneration and social security | 45 | €135 | €15,989 | +€15,854 | +11,731% |
| Taxes | 450/3 | €135 | €15,989 | +€15,854 | +11,731% |
| Other amounts payable | 47/48 | €3,893 | - | -€3,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €190 | +€190 | |
| Other operating charges | 640/8 | €5,821 | €2,797 | -€3,024 | -52.0% |
| Gross operating margin | 9900 | €103,155 | €89,723 | -€13,432 | -13.0% |
| Operating profit (loss) | 9901 | €97,334 | €86,737 | -€10,597 | -10.9% |
| Financial income | 75/76B | €5 | €1 | -€4 | -80.4% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -80.4% |
| Financial charges | 65/66B | €20,573 | €12,086 | -€8,487 | -41.3% |
| Recurring financial charges | 65 | €20,573 | €12,086 | -€8,487 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €76,766 | €74,652 | -€2,114 | -2.8% |
| Transfer from deferred taxes | 780 | €15,417 | - | -€15,417 | |
| Income taxes | 67/77 | €135 | €15,854 | +€15,719 | +11,632% |
| Profit (loss) for the period | 9904 | €92,048 | €58,799 | -€33,250 | -36.1% |
| Transfer from tax-exempt reserves | 789 | €46,251 | - | -€46,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,300 | €58,799 | -€79,501 | -57.5% |
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 22 October 2026 via checked.be.