CHETTOUANE: 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.
CHETTOUANE
Largest movements
- Cash +€132,442
up €132,442 (+53.8%), from €246,358 to €378,799
mainly Net result for the year (+€196,124) and Depreciation (+€28,204)
- Tangible fixed assets -€23,406
down €23,406 (-8.9%), from €263,916 to €240,510
- Reserves +€138,981
up €138,981 (+58.3%), from €238,579 to €377,560
of which Distributable reserves: +€138,981
- Tax, wage and social debts -€32,808
down €32,808 (-38.0%), from €86,225 to €53,417
of which Taxes: -€31,419
- Other debts +€28,143
up €28,143 (+97.0%), from €29,000 to €57,143
- Debts after one year -€15,089
down €15,089 (-11.3%), from €133,877 to €118,788
- Gross operating margin +€101,985
up €101,985 (+27.0%), from €378,071 to €480,056
- Staff costs +€28,295
up €28,295 (+22.6%), from €124,943 to €153,238
- Taxes +€25,112
up €25,112 (+36.7%), from €68,517 to €93,629
- Other operating charges -€6,523
down €6,523 (-62.0%), from €10,518 to €3,995
- Depreciation +€6,462
up €6,462 (+29.7%), from €21,742 to €28,204
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,099 | €646,235 | +€115,136 | +21.7% |
| Fixed assets | 21/28 | €263,916 | €240,510 | -€23,406 | -8.9% |
| Tangible fixed assets | 22/27 | €263,916 | €240,510 | -€23,406 | -8.9% |
| Land and buildings | 22 | €179,638 | €172,942 | -€6,696 | -3.7% |
| Plant, machinery and equipment | 23 | €61,246 | €50,815 | -€10,431 | -17.0% |
| Furniture and vehicles | 24 | €23,032 | €16,753 | -€6,279 | -27.3% |
| Current assets | 29/58 | €267,183 | €405,725 | +€138,542 | +51.9% |
| Amounts receivable within one year | 40/41 | €15,643 | €18,930 | +€3,287 | +21.0% |
| Trade receivables | 40 | €1,085 | €2,428 | +€1,343 | +123.9% |
| Other amounts receivable | 41 | €14,559 | €16,502 | +€1,944 | +13.4% |
| Cash at bank and in hand | 54/58 | €246,358 | €378,799 | +€132,442 | +53.8% |
| Deferred charges and accrued income | 490/1 | €5,182 | €7,995 | +€2,813 | +54.3% |
| Total equity and liabilities | 10/49 | €531,099 | €646,235 | +€115,136 | +21.7% |
| Equity | 10/15 | €253,359 | €392,340 | +€138,981 | +54.9% |
| Contributions | 10/11 | €14,780 | €14,780 | = | 0.0% |
| Reserves | 13 | €238,579 | €377,560 | +€138,981 | +58.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €236,724 | €375,705 | +€138,981 | +58.7% |
| Amounts payable | 17/49 | €277,740 | €253,895 | -€23,845 | -8.6% |
| Amounts payable after more than one year | 17 | €133,877 | €118,788 | -€15,089 | -11.3% |
| Financial debts | 170/4 | €133,877 | €118,788 | -€15,089 | -11.3% |
| Amounts payable within one year | 42/48 | €136,833 | €128,662 | -€8,171 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €17,212 | €16,436 | -€775 | -4.5% |
| Financial debts | 43 | €1,000 | €1,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000 | €1,000 | = | 0.0% |
| Trade debts | 44 | €3,397 | €666 | -€2,731 | -80.4% |
| Suppliers | 440/4 | €3,397 | €666 | -€2,731 | -80.4% |
| Taxes, remuneration and social security | 45 | €86,225 | €53,417 | -€32,808 | -38.0% |
| Taxes | 450/3 | €65,803 | €34,384 | -€31,419 | -47.7% |
| Remuneration and social security | 454/9 | €20,422 | €19,033 | -€1,389 | -6.8% |
| Other amounts payable | 47/48 | €29,000 | €57,143 | +€28,143 | +97.0% |
| Accrued charges and deferred income | 492/3 | €7,030 | €6,445 | -€585 | -8.3% |
| Remuneration, social security and pensions | 62 | €124,943 | €153,238 | +€28,295 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,742 | €28,204 | +€6,462 | +29.7% |
| Other operating charges | 640/8 | €10,518 | €3,995 | -€6,523 | -62.0% |
| Gross operating margin | 9900 | €378,071 | €480,056 | +€101,985 | +27.0% |
| Operating profit (loss) | 9901 | €220,868 | €294,619 | +€73,752 | +33.4% |
| Financial income | 75/76B | - | €707 | +€707 | |
| Recurring financial income | 75 | - | €707 | +€707 | |
| Financial charges | 65/66B | €6,029 | €5,574 | -€456 | -7.6% |
| Recurring financial charges | 65 | €6,029 | €5,574 | -€456 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €214,838 | €289,753 | +€74,914 | +34.9% |
| Income taxes | 67/77 | €68,517 | €93,629 | +€25,112 | +36.7% |
| Profit (loss) for the period | 9904 | €146,321 | €196,124 | +€49,803 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,321 | €196,124 | +€49,803 | +34.0% |
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 2 October 2026 via checked.be.