CHEVALIER: 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.
CHEVALIER
Largest movements
- Stocks and contracts +€9,538
up €9,538 (+2.0%), from €484,956 to €494,494
- Cash -€5,140
down €5,140 (-100.0%), from €5,140 to €0
mainly Net result for the year (-€9,586) and Stocks and contracts (-€9,538)
- Other debts +€14,383
up €14,383 (+6.6%), from €218,258 to €232,640
- Profit (loss) carried forward -€9,586
down €9,586 (-3.6%), from -€262,652 to -€272,238
- Other operating charges -€1,194
down €1,194 (-40.9%), from €2,921 to €1,727
- Financial charges -€594
down €594 (-8.7%), from €6,833 to €6,239
- Gross operating margin -€179
down €179 (-12.4%), from -€1,441 to -€1,619
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 | €491,400 | €494,668 | +€3,268 | +0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €491,400 | €494,668 | +€3,268 | +0.7% |
| Stocks and contracts in progress | 3 | €484,956 | €494,494 | +€9,538 | +2.0% |
| Stocks | 30/36 | €484,956 | €494,494 | +€9,538 | +2.0% |
| Amounts receivable within one year | 40/41 | €1,196 | €63 | -€1,133 | -94.7% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,196 | €63 | -€1,133 | -94.7% |
| Cash at bank and in hand | 54/58 | €5,140 | €0 | -€5,140 | -100.0% |
| Deferred charges and accrued income | 490/1 | €108 | €111 | +€3 | +3.0% |
| Total equity and liabilities | 10/49 | €491,400 | €494,668 | +€3,268 | +0.7% |
| Equity | 10/15 | €37,348 | €27,762 | -€9,586 | -25.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,652 | -€272,238 | -€9,586 | -3.6% |
| Amounts payable | 17/49 | €454,052 | €466,906 | +€12,853 | +2.8% |
| Amounts payable within one year | 42/48 | €452,785 | €466,589 | +€13,804 | +3.0% |
| Financial debts | 43 | €230,000 | €230,531 | +€531 | +0.2% |
| Credit institutions | 430/8 | €230,000 | €230,531 | +€531 | +0.2% |
| Trade debts | 44 | €4,527 | €3,417 | -€1,110 | -24.5% |
| Suppliers | 440/4 | €4,527 | €3,417 | -€1,110 | -24.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €218,258 | €232,640 | +€14,383 | +6.6% |
| Accrued charges and deferred income | 492/3 | €1,267 | €317 | -€950 | -75.0% |
| Other operating charges | 640/8 | €2,921 | €1,727 | -€1,194 | -40.9% |
| Gross operating margin | 9900 | -€1,441 | -€1,619 | -€179 | -12.4% |
| Operating profit (loss) | 9901 | -€4,362 | -€3,347 | +€1,015 | +23.3% |
| Financial charges | 65/66B | €6,833 | €6,239 | -€594 | -8.7% |
| Recurring financial charges | 65 | €6,833 | €6,239 | -€594 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,195 | -€9,586 | +€1,609 | +14.4% |
| Profit (loss) for the period | 9904 | -€11,195 | -€9,586 | +€1,609 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,195 | -€9,586 | +€1,609 | +14.4% |
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 8 October 2026 via checked.be.