Châtelain Real Estate: 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.
Châtelain Real Estate
Largest movements
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Cash +€822,993
up €822,993 (+341%), from €241,067 to €1.1m
mainly Current investments (+€1.0m) and Net result for the year (+€471,571)
- Receivables within one year +€792,872
up €792,872 (+119%), from €668,238 to €1.5m
of which Trade receivables: +€421,489
- Tangible fixed assets -€52,858
down €52,858 (-10.6%), from €497,509 to €444,651
of which Other tangible fixed assets: -€62,278
- Other debts +€443,769
up €443,769 (+218%), from €203,240 to €647,009
- Trade debts +€151,420
up €151,420 (+45.9%), from €330,066 to €481,486
- Tax, wage and social debts +€112,977
up €112,977 (+83.1%), from €135,980 to €248,958
of which Taxes: +€123,616
- Reserves -€111,955
down €111,955 (-18.5%), from €604,137 to €492,181
of which Distributable reserves: -€111,955
- Debts after one year -€36,074
down €36,074 (-15.0%), from €240,791 to €204,718
- Gross operating margin +€211,754
up €211,754 (+15.2%), from €1.4m to €1.6m
- Taxes +€85,389
up €85,389 (+57.8%), from €147,645 to €233,034
- Staff costs +€35,254
up €35,254 (+5.3%), from €664,863 to €700,116
- Financial charges +€20,000
up €20,000 (+37.6%), from €53,138 to €73,137
- Financial income +€19,522
up €19,522 (+848,762%), from €2 to €19,524
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 | €2,553,420 | €3,075,475 | +€522,055 | +20.4% |
| Fixed assets | 21/28 | €614,533 | €541,149 | -€73,384 | -11.9% |
| Intangible fixed assets | 21 | €116,543 | €96,017 | -€20,526 | -17.6% |
| Tangible fixed assets | 22/27 | €497,509 | €444,651 | -€52,858 | -10.6% |
| Plant, machinery and equipment | 23 | €5,705 | €3,235 | -€2,470 | -43.3% |
| Furniture and vehicles | 24 | €64,142 | €76,032 | +€11,890 | +18.5% |
| Other tangible fixed assets | 26 | €427,661 | €365,383 | -€62,278 | -14.6% |
| Financial fixed assets | 28 | €481 | €481 | = | 0.0% |
| Current assets | 29/58 | €1,938,887 | €2,534,326 | +€595,439 | +30.7% |
| Amounts receivable within one year | 40/41 | €668,238 | €1,461,110 | +€792,872 | +119% |
| Trade receivables | 40 | €647,349 | €1,068,838 | +€421,489 | +65.1% |
| Other amounts receivable | 41 | €20,889 | €392,272 | +€371,383 | +1,778% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €241,067 | €1,064,060 | +€822,993 | +341% |
| Deferred charges and accrued income | 490/1 | €29,583 | €9,156 | -€20,427 | -69.0% |
| Total equity and liabilities | 10/49 | €2,553,420 | €3,075,475 | +€522,055 | +20.4% |
| Equity | 10/15 | €1,507,328 | €1,395,373 | -€111,955 | -7.4% |
| Reserves | 13 | €604,137 | €492,181 | -€111,955 | -18.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €583,527 | €471,571 | -€111,955 | -19.2% |
| Profit (loss) carried forward | 14 | €903,192 | €903,192 | = | 0.0% |
| Provisions and deferred taxes | 16 | €45,910 | €48,716 | +€2,806 | +6.1% |
| Provisions for liabilities and charges | 160/5 | €45,910 | €48,716 | +€2,806 | +6.1% |
| Other liabilities and charges | 164/5 | €45,910 | €48,716 | +€2,806 | +6.1% |
| Amounts payable | 17/49 | €1,000,182 | €1,631,386 | +€631,204 | +63.1% |
| Amounts payable after more than one year | 17 | €240,791 | €204,718 | -€36,074 | -15.0% |
| Financial debts | 170/4 | €240,791 | €204,718 | -€36,074 | -15.0% |
| Amounts payable within one year | 42/48 | €751,541 | €1,415,575 | +€664,034 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €61,193 | €38,122 | -€23,071 | -37.7% |
| Trade debts | 44 | €330,066 | €481,486 | +€151,420 | +45.9% |
| Suppliers | 440/4 | €330,066 | €481,486 | +€151,420 | +45.9% |
| Advances received on contracts in progress | 46 | €21,061 | €0 | -€21,061 | -100.0% |
| Taxes, remuneration and social security | 45 | €135,980 | €248,958 | +€112,977 | +83.1% |
| Taxes | 450/3 | €53,857 | €177,474 | +€123,616 | +230% |
| Remuneration and social security | 454/9 | €82,123 | €71,484 | -€10,639 | -13.0% |
| Other amounts payable | 47/48 | €203,240 | €647,009 | +€443,769 | +218% |
| Accrued charges and deferred income | 492/3 | €7,850 | €11,093 | +€3,243 | +41.3% |
| Remuneration, social security and pensions | 62 | €664,863 | €700,116 | +€35,254 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,423 | €115,768 | +€14,345 | +14.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,348 | €2,806 | +€1,458 | +108% |
| Other operating charges | 640/8 | €18,386 | €27,736 | +€9,350 | +50.9% |
| Gross operating margin | 9900 | €1,392,891 | €1,604,645 | +€211,754 | +15.2% |
| Operating profit (loss) | 9901 | €606,872 | €758,218 | +€151,346 | +24.9% |
| Financial income | 75/76B | €2 | €19,524 | +€19,522 | +848,762% |
| Recurring financial income | 75 | €2 | €19,524 | +€19,522 | +848,762% |
| Financial charges | 65/66B | €53,138 | €73,137 | +€20,000 | +37.6% |
| Recurring financial charges | 65 | €53,138 | €73,137 | +€20,000 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €553,737 | €704,605 | +€150,868 | +27.2% |
| Income taxes | 67/77 | €147,645 | €233,034 | +€85,389 | +57.8% |
| Profit (loss) for the period | 9904 | €406,092 | €471,571 | +€65,479 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €406,092 | €471,571 | +€65,479 | +16.1% |
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 31 October 2026 via checked.be.