CHATELAIN 44: what changed
Two fiscal 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
CHATELAIN 44
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€45,480
2024 · €12,310+€33,170
Equity
€129,834
2024 · €114,354+€15,480
Cash
€2,957
2024 · €11,181-€8,224
Balance sheet total
€2.1m
2024 · €2.2m-€61,187
Largest movements
Assets
- Tangible fixed assets -€42,517
down €42,517 (-2.0%), from €2.2m to €2.1m
Equity and liabilities
- Debts after one year -€65,038
down €65,038 (-4.0%), from €1.6m to €1.6m
Income statement
- Gross operating margin +€18,873
up €18,873 (+19.2%), from €98,073 to €116,946
- Other operating charges -€14,861
down €14,861 (-69.5%), from €21,384 to €6,523
- Depreciation +€1,307
up €1,307 (+3.1%), from €41,560 to €42,867
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.
Result 2024
€12,310
Gross operating margin
+€18,873
Depreciation
-€1,307
Other operating charges
+€14,861
Financial income
-€72
Financial charges
+€654
Taxes
+€160
Result 2025
€45,480
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.
From operations
+€86,135
Investment
€0
Financing
-€94,359
Cash 2024
€11,181
From operations (derived)
+€86,135
Net result for the year
+€45,480
Depreciation
+€42,867
Receivables within one year
+€11,500
Deferred charges and accrued income
-€1,403
Trade debts
+€3,902
Tax, wage and social debts
-€878
Accrued charges and deferred income
-€15,332
Financing
-€94,359
Debts after one year
-€65,038
Current portion of long-term debt
+€679
Contributions, distributions and other
-€30,000
Cash 2025
€2,957
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,199,060 | €2,137,872 | -€61,187 | -2.8% |
| Formation expenses | 20 | €660 | €310 | -€350 | -53.0% |
| Fixed assets | 21/28 | €2,175,718 | €2,133,201 | -€42,517 | -2.0% |
| Tangible fixed assets | 22/27 | €2,175,718 | €2,133,201 | -€42,517 | -2.0% |
| Land and buildings | 22 | €2,175,718 | €2,133,201 | -€42,517 | -2.0% |
| Current assets | 29/58 | €22,681 | €4,360 | -€18,320 | -80.8% |
| Amounts receivable within one year | 40/41 | €11,500 | - | -€11,500 | |
| Other amounts receivable | 41 | €11,500 | - | -€11,500 | |
| Cash at bank and in hand | 54/58 | €11,181 | €2,957 | -€8,224 | -73.6% |
| Deferred charges and accrued income | 490/1 | - | €1,403 | +€1,403 | |
| Total equity and liabilities | 10/49 | €2,199,060 | €2,137,872 | -€61,187 | -2.8% |
| Equity | 10/15 | €114,354 | €129,834 | +€15,480 | +13.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,354 | €29,834 | +€15,480 | +107.8% |
| Amounts payable | 17/49 | €2,084,705 | €2,008,038 | -€76,667 | -3.7% |
| Amounts payable after more than one year | 17 | €1,635,111 | €1,570,073 | -€65,038 | -4.0% |
| Financial debts | 170/4 | €1,635,111 | €1,570,073 | -€65,038 | -4.0% |
| Amounts payable within one year | 42/48 | €86,357 | €90,059 | +€3,703 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €64,359 | €65,038 | +€679 | +1.1% |
| Trade debts | 44 | €15,322 | €19,223 | +€3,902 | +25.5% |
| Suppliers | 440/4 | €15,322 | €19,223 | +€3,902 | +25.5% |
| Taxes, remuneration and social security | 45 | €6,676 | €5,798 | -€878 | -13.1% |
| Taxes | 450/3 | €6,676 | €5,798 | -€878 | -13.1% |
| Accrued charges and deferred income | 492/3 | €363,238 | €347,906 | -€15,332 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,560 | €42,867 | +€1,307 | +3.1% |
| Other operating charges | 640/8 | €21,384 | €6,523 | -€14,861 | -69.5% |
| Gross operating margin | 9900 | €98,073 | €116,946 | +€18,873 | +19.2% |
| Operating profit (loss) | 9901 | €35,129 | €67,556 | +€32,427 | +92.3% |
| Financial income | 75/76B | €72 | - | -€72 | |
| Recurring financial income | 75 | €72 | - | -€72 | |
| Financial charges | 65/66B | €18,295 | €17,641 | -€654 | -3.6% |
| Recurring financial charges | 65 | €18,295 | €17,641 | -€654 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €16,906 | €49,916 | +€33,010 | +195.3% |
| Income taxes | 67/77 | €4,596 | €4,436 | -€160 | -3.5% |
| Profit (loss) for the period | 9904 | €12,310 | €45,480 | +€33,170 | +269.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,310 | €45,480 | +€33,170 | +269.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.