Chefneux Frères: 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.
Chefneux Frères
Largest movements
- Receivables within one year -€62,950
down €62,950 (-94.6%), from €66,550 to €3,600
- Cash -€30,212
down €30,212 (-63.7%), from €47,407 to €17,195
mainly Trade debts (-€53,352) and Tax, wage and social debts (-€26,904)
- Stocks and contracts +€6,593
new in 2025: €6,593
- Tangible fixed assets -€4,226
down €4,226 (-98.4%), from €4,296 to €70
of which Leasing and similar rights: -€4,296
- Deferred charges and accrued income -€1,400
no longer reported in 2025 (was €1,400)
- Trade debts -€53,352
down €53,352 (-92.3%), from €57,804 to €4,452
- Tax, wage and social debts -€26,904
down €26,904 (-82.5%), from €32,607 to €5,703
of which Taxes: -€28,176
- Profit (loss) carried forward -€8,484
down €8,484 (-49.9%), from €17,008 to €8,524
- Current portion of long-term debt -€3,915
no longer reported in 2025 (was €3,915)
- Staff costs +€19,090
up €19,090 (+52.0%), from €36,702 to €55,792
- Depreciation -€6,374
down €6,374 (-58.5%), from €10,887 to €4,513
- Gross operating margin -€4,933
down €4,933 (-8.5%), from €57,717 to €52,784
- Taxes -€4,408
down €4,408, from €3,790 to -€618
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 | €119,913 | €27,718 | -€92,195 | -76.9% |
| Fixed assets | 21/28 | €4,556 | €330 | -€4,226 | -92.8% |
| Tangible fixed assets | 22/27 | €4,296 | €70 | -€4,226 | -98.4% |
| Furniture and vehicles | 24 | - | €70 | +€70 | |
| Leasing and similar rights | 25 | €4,296 | - | -€4,296 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €115,357 | €27,388 | -€87,969 | -76.3% |
| Stocks and contracts in progress | 3 | - | €6,593 | +€6,593 | |
| Stocks | 30/36 | - | €6,593 | +€6,593 | |
| Amounts receivable within one year | 40/41 | €66,550 | €3,600 | -€62,950 | -94.6% |
| Trade receivables | 40 | €66,550 | €3,600 | -€62,950 | -94.6% |
| Cash at bank and in hand | 54/58 | €47,407 | €17,195 | -€30,212 | -63.7% |
| Deferred charges and accrued income | 490/1 | €1,400 | - | -€1,400 | |
| Total equity and liabilities | 10/49 | €119,913 | €27,718 | -€92,195 | -76.9% |
| Equity | 10/15 | €23,861 | €15,377 | -€8,484 | -35.6% |
| Contributions | 10/11 | €6,150 | €6,150 | = | 0.0% |
| Reserves | 13 | €703 | €703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €703 | €703 | = | 0.0% |
| Reserves not available under the articles | 1311 | €703 | €703 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,008 | €8,524 | -€8,484 | -49.9% |
| Amounts payable | 17/49 | €96,052 | €12,341 | -€83,711 | -87.2% |
| Amounts payable within one year | 42/48 | €96,052 | €12,341 | -€83,711 | -87.2% |
| Current portion of amounts payable after more than one year | 42 | €3,915 | - | -€3,915 | |
| Trade debts | 44 | €57,804 | €4,452 | -€53,352 | -92.3% |
| Suppliers | 440/4 | €57,804 | €4,452 | -€53,352 | -92.3% |
| Taxes, remuneration and social security | 45 | €32,607 | €5,703 | -€26,904 | -82.5% |
| Taxes | 450/3 | €32,219 | €4,043 | -€28,176 | -87.5% |
| Remuneration and social security | 454/9 | €388 | €1,660 | +€1,272 | +328% |
| Other amounts payable | 47/48 | €1,726 | €2,186 | +€460 | +26.7% |
| Remuneration, social security and pensions | 62 | €36,702 | €55,792 | +€19,090 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,887 | €4,513 | -€6,374 | -58.5% |
| Other operating charges | 640/8 | €792 | €932 | +€140 | +17.7% |
| Gross operating margin | 9900 | €57,717 | €52,784 | -€4,933 | -8.5% |
| Operating profit (loss) | 9901 | €9,336 | -€8,453 | -€17,789 | |
| Financial charges | 65/66B | €212 | €649 | +€437 | +206% |
| Recurring financial charges | 65 | €212 | €649 | +€437 | +206% |
| Profit (loss) for the period before taxes | 9903 | €9,124 | -€9,102 | -€18,226 | |
| Income taxes | 67/77 | €3,790 | -€618 | -€4,408 | |
| Profit (loss) for the period | 9904 | €5,334 | -€8,484 | -€13,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,334 | -€8,484 | -€13,818 |
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 1 November 2026 via checked.be.