CHEVALIER Eric: 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 Eric
Largest movements
- Cash +€37,345
up €37,345 (+28.8%), from €129,756 to €167,101
mainly Net result for the year (+€147,661) and Depreciation (+€79,306)
- Receivables within one year +€26,092
up €26,092 (+49.1%), from €53,141 to €79,233
of which Trade receivables: +€25,582
- Stocks and contracts +€24,980
up €24,980 (+7.5%), from €332,330 to €357,310
- Profit (loss) carried forward +€147,661
up €147,661 (+88.0%), from €167,809 to €315,470
- Debts after one year -€36,146
down €36,146 (-6.2%), from €585,475 to €549,328
- Trade debts -€14,792
down €14,792 (-66.1%), from €22,361 to €7,569
- Other debts -€12,835
down €12,835 (-11.9%), from €108,221 to €95,386
- Gross operating margin +€73,706
up €73,706 (+33.0%), from €223,079 to €296,785
- Taxes +€13,400
up €13,400 (+49.5%), from €27,063 to €40,463
- Depreciation +€9,920
up €9,920 (+14.3%), from €69,386 to €79,306
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 | €1,063,725 | €1,146,243 | +€82,518 | +7.8% |
| Fixed assets | 21/28 | €540,729 | €542,600 | +€1,871 | +0.3% |
| Intangible fixed assets | 21 | €2,111 | €778 | -€1,333 | -63.2% |
| Tangible fixed assets | 22/27 | €538,617 | €539,822 | +€1,204 | +0.2% |
| Land and buildings | 22 | €240,745 | €230,227 | -€10,519 | -4.4% |
| Plant, machinery and equipment | 23 | €119,397 | €179,147 | +€59,750 | +50.0% |
| Furniture and vehicles | 24 | €178,475 | €130,448 | -€48,026 | -26.9% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €522,997 | €603,644 | +€80,647 | +15.4% |
| Stocks and contracts in progress | 3 | €332,330 | €357,310 | +€24,980 | +7.5% |
| Stocks | 30/36 | €332,330 | €357,310 | +€24,980 | +7.5% |
| Amounts receivable within one year | 40/41 | €53,141 | €79,233 | +€26,092 | +49.1% |
| Trade receivables | 40 | €53,141 | €78,722 | +€25,582 | +48.1% |
| Other amounts receivable | 41 | - | €510 | +€510 | |
| Cash at bank and in hand | 54/58 | €129,756 | €167,101 | +€37,345 | +28.8% |
| Deferred charges and accrued income | 490/1 | €7,770 | - | -€7,770 | |
| Total equity and liabilities | 10/49 | €1,063,725 | €1,146,243 | +€82,518 | +7.8% |
| Equity | 10/15 | €205,809 | €353,470 | +€147,661 | +71.7% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,809 | €315,470 | +€147,661 | +88.0% |
| Amounts payable | 17/49 | €857,916 | €792,773 | -€65,143 | -7.6% |
| Amounts payable after more than one year | 17 | €585,475 | €549,328 | -€36,146 | -6.2% |
| Financial debts | 170/4 | €585,475 | €549,328 | -€36,146 | -6.2% |
| Amounts payable within one year | 42/48 | €272,442 | €243,445 | -€28,997 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €107,767 | €112,964 | +€5,197 | +4.8% |
| Trade debts | 44 | €22,361 | €7,569 | -€14,792 | -66.1% |
| Suppliers | 440/4 | €22,361 | €7,569 | -€14,792 | -66.1% |
| Taxes, remuneration and social security | 45 | €34,093 | €27,526 | -€6,567 | -19.3% |
| Taxes | 450/3 | €34,093 | €27,526 | -€6,567 | -19.3% |
| Other amounts payable | 47/48 | €108,221 | €95,386 | -€12,835 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,386 | €79,306 | +€9,920 | +14.3% |
| Other operating charges | 640/8 | €6,405 | €8,358 | +€1,953 | +30.5% |
| Gross operating margin | 9900 | €223,079 | €296,785 | +€73,706 | +33.0% |
| Operating profit (loss) | 9901 | €147,289 | €209,121 | +€61,833 | +42.0% |
| Financial income | 75/76B | €143 | €332 | +€189 | +132.5% |
| Recurring financial income | 75 | €143 | €332 | +€189 | +132.5% |
| Financial charges | 65/66B | €18,838 | €21,329 | +€2,492 | +13.2% |
| Recurring financial charges | 65 | €18,838 | €21,329 | +€2,492 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €128,594 | €188,124 | +€59,530 | +46.3% |
| Income taxes | 67/77 | €27,063 | €40,463 | +€13,400 | +49.5% |
| Profit (loss) for the period | 9904 | €101,531 | €147,661 | +€46,130 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,531 | €147,661 | +€46,130 | +45.4% |
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 2 October 2026 via checked.be.