CHEVALIER INFI: what changed
CHEVALIER INFI
Largest movements
- Cash +€41,146
up €41,146 (+184%), from €22,384 to €63,530
mainly Net result for the year (+€44,470) and Tax, wage and social debts (+€11,867)
- Receivables within one year +€11,428
up €11,428 (+187%), from €6,116 to €17,544
of which Trade receivables: +€7,355
- Profit (loss) carried forward +€44,470
up €44,470 (+221%), from €20,135 to €64,606
- Tax, wage and social debts +€11,867
up €11,867 (+191%), from €6,227 to €18,094
of which Taxes: +€12,567
- Other debts -€4,971
no longer reported in 2025 (was €4,971)
- Gross operating margin +€29,068
up €29,068 (+96.8%), from €30,024 to €59,092
- Taxes +€7,039
up €7,039 (+127%), from €5,527 to €12,567
- Other operating charges -€2,687
down €2,687 (-76.2%), from €3,525 to €838
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,333 | €84,795 | +€51,462 | +154% |
| Formation expenses | 20 | €568 | - | -€568 | |
| Fixed assets | 21/28 | €4,246 | €3,702 | -€544 | -12.8% |
| Tangible fixed assets | 22/27 | €4,246 | €3,702 | -€544 | -12.8% |
| Plant, machinery and equipment | 23 | €3,176 | €2,852 | -€324 | -10.2% |
| Furniture and vehicles | 24 | €1,070 | €850 | -€220 | -20.6% |
| Current assets | 29/58 | €28,519 | €81,093 | +€52,574 | +184% |
| Amounts receivable within one year | 40/41 | €6,116 | €17,544 | +€11,428 | +187% |
| Trade receivables | 40 | €6,116 | €13,471 | +€7,355 | +120% |
| Other amounts receivable | 41 | - | €4,073 | +€4,073 | |
| Cash at bank and in hand | 54/58 | €22,384 | €63,530 | +€41,146 | +184% |
| Deferred charges and accrued income | 490/1 | €19 | €20 | +€1 | +3.3% |
| Total equity and liabilities | 10/49 | €33,333 | €84,795 | +€51,462 | +154% |
| Equity | 10/15 | €22,135 | €66,606 | +€44,470 | +201% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,135 | €64,606 | +€44,470 | +221% |
| Amounts payable | 17/49 | €11,198 | €18,189 | +€6,991 | +62.4% |
| Amounts payable within one year | 42/48 | €11,198 | €18,189 | +€6,991 | +62.4% |
| Trade debts | 44 | - | €95 | +€95 | |
| Suppliers | 440/4 | - | €95 | +€95 | |
| Taxes, remuneration and social security | 45 | €6,227 | €18,094 | +€11,867 | +191% |
| Taxes | 450/3 | €5,527 | €18,094 | +€12,567 | +227% |
| Remuneration and social security | 454/9 | €700 | - | -€700 | |
| Other amounts payable | 47/48 | €4,971 | - | -€4,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €828 | €1,113 | +€285 | +34.4% |
| Other operating charges | 640/8 | €3,525 | €838 | -€2,687 | -76.2% |
| Gross operating margin | 9900 | €30,024 | €59,092 | +€29,068 | +96.8% |
| Operating profit (loss) | 9901 | €25,671 | €57,142 | +€31,470 | +123% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9 | €104 | +€96 | +1,086% |
| Recurring financial charges | 65 | €9 | €104 | +€96 | +1,086% |
| Profit (loss) for the period before taxes | 9903 | €25,663 | €57,037 | +€31,375 | +122% |
| Income taxes | 67/77 | €5,527 | €12,567 | +€7,039 | +127% |
| Profit (loss) for the period | 9904 | €20,135 | €44,470 | +€24,335 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €20,135 | €44,470 | +€24,335 | +121% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.