CHAUFFAGE MICHEL: what changed
CHAUFFAGE MICHEL
Largest movements
- Cash +€25,508
up €25,508 (+327%), from €7,806 to €33,314
mainly Net result for the year (+€16,473) and Receivables within one year (+€13,656)
- Receivables within one year -€13,656
down €13,656 (-12.7%), from €107,311 to €93,655
of which Trade receivables: -€13,981
- Tangible fixed assets +€3,881
up €3,881 (+106%), from €3,661 to €7,543
of which Furniture and vehicles: +€4,026
- Stocks and contracts +€3,200
up €3,200 (+36.0%), from €8,900 to €12,100
- Reserves +€16,473
up €16,473 (+59.3%), from €27,799 to €44,272
of which Distributable reserves: +€18,333
- Tax, wage and social debts +€9,847
up €9,847 (+60.4%), from €16,289 to €26,136
of which Taxes: +€9,153
- Trade debts -€7,685
down €7,685 (-20.7%), from €37,118 to €29,433
- Gross operating margin +€11,340
up €11,340 (+7.2%), from €157,172 to €168,512
- Taxes +€6,258
up €6,258 (+161%), from €3,886 to €10,144
- Staff costs +€4,600
up €4,600 (+3.5%), from €132,454 to €137,054
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,635 | €149,317 | +€18,681 | +14.3% |
| Fixed assets | 21/28 | €5,661 | €9,543 | +€3,881 | +68.6% |
| Tangible fixed assets | 22/27 | €3,661 | €7,543 | +€3,881 | +106% |
| Plant, machinery and equipment | 23 | €945 | €801 | -€145 | -15.3% |
| Furniture and vehicles | 24 | €2,716 | €6,742 | +€4,026 | +148% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €124,974 | €139,774 | +€14,800 | +11.8% |
| Stocks and contracts in progress | 3 | €8,900 | €12,100 | +€3,200 | +36.0% |
| Stocks | 30/36 | €8,900 | €12,100 | +€3,200 | +36.0% |
| Amounts receivable within one year | 40/41 | €107,311 | €93,655 | -€13,656 | -12.7% |
| Trade receivables | 40 | €64,852 | €50,871 | -€13,981 | -21.6% |
| Other amounts receivable | 41 | €42,459 | €42,784 | +€325 | +0.8% |
| Cash at bank and in hand | 54/58 | €7,806 | €33,314 | +€25,508 | +327% |
| Deferred charges and accrued income | 490/1 | €957 | €705 | -€252 | -26.3% |
| Total equity and liabilities | 10/49 | €130,635 | €149,317 | +€18,681 | +14.3% |
| Equity | 10/15 | €77,228 | €93,700 | +€16,473 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,799 | €44,272 | +€16,473 | +59.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €25,939 | €44,272 | +€18,333 | +70.7% |
| Profit (loss) carried forward | 14 | €30,829 | €30,829 | = | 0.0% |
| Amounts payable | 17/49 | €53,408 | €55,616 | +€2,208 | +4.1% |
| Amounts payable within one year | 42/48 | €53,408 | €55,569 | +€2,162 | +4.0% |
| Trade debts | 44 | €37,118 | €29,433 | -€7,685 | -20.7% |
| Suppliers | 440/4 | €37,118 | €29,433 | -€7,685 | -20.7% |
| Taxes, remuneration and social security | 45 | €16,289 | €26,136 | +€9,847 | +60.4% |
| Taxes | 450/3 | €4,877 | €14,030 | +€9,153 | +188% |
| Remuneration and social security | 454/9 | €11,413 | €12,106 | +€694 | +6.1% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Remuneration, social security and pensions | 62 | €132,454 | €137,054 | +€4,600 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | €2,720 | +€1,268 | +87.3% |
| Other operating charges | 640/8 | €1,262 | €1,157 | -€104 | -8.3% |
| Gross operating margin | 9900 | €157,172 | €168,512 | +€11,340 | +7.2% |
| Operating profit (loss) | 9901 | €22,004 | €27,581 | +€5,576 | +25.3% |
| Financial income | 75/76B | €3 | €83 | +€79 | +2,420% |
| Recurring financial income | 75 | €3 | €83 | +€79 | +2,420% |
| Financial charges | 65/66B | €2,092 | €1,046 | -€1,046 | -50.0% |
| Recurring financial charges | 65 | €2,092 | €1,046 | -€1,046 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €19,915 | €26,617 | +€6,701 | +33.6% |
| Income taxes | 67/77 | €3,886 | €10,144 | +€6,258 | +161% |
| Profit (loss) for the period | 9904 | €16,030 | €16,473 | +€443 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,030 | €16,473 | +€443 | +2.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.