Chelsea: 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.
Chelsea
Largest movements
- Tangible fixed assets +€729,234
up €729,234 (+92.6%), from €787,849 to €1.5m
of which Land and buildings: +€744,930
- Receivables within one year +€16,986
up €16,986 (+16.3%), from €104,152 to €121,138
of which Other amounts receivable: +€32,853
- Other debts +€785,743
up €785,743 (+197%), from €398,215 to €1.2m
- Reserves -€34,186
down €34,186 (-42.1%), from €81,268 to €47,082
of which Distributable reserves: -€34,186
- Gross operating margin +€15,629
up €15,629 (+54.4%), from €28,753 to €44,382
- Depreciation +€2,515
up €2,515 (+3.4%), from €72,962 to €75,478
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 | €898,621 | €1,647,616 | +€748,995 | +83.3% |
| Fixed assets | 21/28 | €787,849 | €1,517,083 | +€729,234 | +92.6% |
| Tangible fixed assets | 22/27 | €787,849 | €1,517,083 | +€729,234 | +92.6% |
| Land and buildings | 22 | €763,184 | €1,508,114 | +€744,930 | +97.6% |
| Plant, machinery and equipment | 23 | €3,630 | €862 | -€2,768 | -76.3% |
| Furniture and vehicles | 24 | €21,035 | €8,108 | -€12,928 | -61.5% |
| Current assets | 29/58 | €110,772 | €130,533 | +€19,761 | +17.8% |
| Amounts receivable within one year | 40/41 | €104,152 | €121,138 | +€16,986 | +16.3% |
| Trade receivables | 40 | €15,867 | €0 | -€15,867 | -100% |
| Other amounts receivable | 41 | €88,285 | €121,138 | +€32,853 | +37.2% |
| Cash at bank and in hand | 54/58 | €3,601 | €7,876 | +€4,275 | +119% |
| Deferred charges and accrued income | 490/1 | €3,019 | €1,519 | -€1,500 | -49.7% |
| Total equity and liabilities | 10/49 | €898,621 | €1,647,616 | +€748,995 | +83.3% |
| Equity | 10/15 | €99,868 | €65,682 | -€34,186 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,268 | €47,082 | -€34,186 | -42.1% |
| Tax-exempt reserves | 132 | €686 | €686 | = | 0.0% |
| Distributable reserves | 133 | €80,582 | €46,395 | -€34,186 | -42.4% |
| Amounts payable | 17/49 | €798,753 | €1,581,934 | +€783,181 | +98.1% |
| Amounts payable after more than one year | 17 | €390,000 | €390,000 | = | 0.0% |
| Financial debts | 170/4 | €390,000 | €390,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €407,897 | €1,188,434 | +€780,538 | +191% |
| Trade debts | 44 | €7,524 | €3,801 | -€3,723 | -49.5% |
| Suppliers | 440/4 | €7,524 | €3,801 | -€3,723 | -49.5% |
| Taxes, remuneration and social security | 45 | €2,158 | €675 | -€1,483 | -68.7% |
| Taxes | 450/3 | €2,158 | €675 | -€1,483 | -68.7% |
| Other amounts payable | 47/48 | €398,215 | €1,183,958 | +€785,743 | +197% |
| Accrued charges and deferred income | 492/3 | €856 | €3,500 | +€2,644 | +309% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,962 | €75,478 | +€2,515 | +3.4% |
| Other operating charges | 640/8 | €2,586 | €2,474 | -€112 | -4.3% |
| Gross operating margin | 9900 | €28,753 | €44,382 | +€15,629 | +54.4% |
| Operating profit (loss) | 9901 | -€46,796 | -€33,570 | +€13,226 | +28.3% |
| Financial income | 75/76B | €826 | €577 | -€249 | -30.2% |
| Recurring financial income | 75 | €826 | €577 | -€249 | -30.2% |
| Financial charges | 65/66B | €460 | €518 | +€58 | +12.6% |
| Recurring financial charges | 65 | €460 | €518 | +€58 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,430 | -€33,511 | +€12,919 | +27.8% |
| Income taxes | 67/77 | €874 | €675 | -€199 | -22.8% |
| Profit (loss) for the period | 9904 | -€47,304 | -€34,186 | +€13,118 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,304 | -€34,186 | +€13,118 | +27.7% |
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.