CHEVRARDENNES: 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.
CHEVRARDENNES
Largest movements
- Stocks and contracts +€65,100
up €65,100 (+25.8%), from €251,991 to €317,091
- Receivables within one year +€45,416
up €45,416 (+7.1%), from €636,743 to €682,159
of which Trade receivables: +€79,786
- Cash +€35,054
up €35,054 (+44.1%), from €79,527 to €114,581
mainly Debts after one year (+€135,000) and Tax, wage and social debts (+€41,963)
- Debts after one year +€135,000
up €135,000 (+2.1%), from €6.3m to €6.5m
- Trade debts -€63,549
down €63,549 (-10.2%), from €622,647 to €559,098
- Tax, wage and social debts +€41,963
up €41,963 (+73.5%), from €57,098 to €99,062
of which Remuneration and social security: +€33,734
- Profit (loss) carried forward +€21,430
up €21,430 (+0.4%), from -€6.1m to -€6.0m
- Gross operating margin +€216,576
up €216,576 (+64.5%), from €335,934 to €552,510
- Staff costs +€146,858
up €146,858 (+40.2%), from €365,522 to €512,380
- Depreciation -€16,490
down €16,490 (-60.7%), from €27,172 to €10,683
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 | €998,100 | €1,132,807 | +€134,706 | +13.5% |
| Fixed assets | 21/28 | €23,131 | €12,448 | -€10,683 | -46.2% |
| Tangible fixed assets | 22/27 | €23,131 | €12,448 | -€10,683 | -46.2% |
| Plant, machinery and equipment | 23 | €23,131 | €12,448 | -€10,683 | -46.2% |
| Current assets | 29/58 | €974,969 | €1,120,358 | +€145,389 | +14.9% |
| Stocks and contracts in progress | 3 | €251,991 | €317,091 | +€65,100 | +25.8% |
| Stocks | 30/36 | €251,991 | €317,091 | +€65,100 | +25.8% |
| Amounts receivable within one year | 40/41 | €636,743 | €682,159 | +€45,416 | +7.1% |
| Trade receivables | 40 | €586,925 | €666,711 | +€79,786 | +13.6% |
| Other amounts receivable | 41 | €49,818 | €15,448 | -€34,370 | -69.0% |
| Cash at bank and in hand | 54/58 | €79,527 | €114,581 | +€35,054 | +44.1% |
| Deferred charges and accrued income | 490/1 | €6,708 | €6,527 | -€181 | -2.7% |
| Total equity and liabilities | 10/49 | €998,100 | €1,132,807 | +€134,706 | +13.5% |
| Equity | 10/15 | -€6,001,541 | -€5,980,111 | +€21,430 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,069,741 | -€6,048,311 | +€21,430 | +0.4% |
| Amounts payable | 17/49 | €6,999,641 | €7,112,917 | +€113,277 | +1.6% |
| Amounts payable after more than one year | 17 | €6,319,545 | €6,454,545 | +€135,000 | +2.1% |
| Other amounts payable | 178/9 | €6,319,545 | €6,454,545 | +€135,000 | +2.1% |
| Amounts payable within one year | 42/48 | €680,096 | €658,372 | -€21,723 | -3.2% |
| Trade debts | 44 | €622,647 | €559,098 | -€63,549 | -10.2% |
| Suppliers | 440/4 | €622,647 | €559,098 | -€63,549 | -10.2% |
| Taxes, remuneration and social security | 45 | €57,098 | €99,062 | +€41,963 | +73.5% |
| Taxes | 450/3 | €8,967 | €17,196 | +€8,229 | +91.8% |
| Remuneration and social security | 454/9 | €48,131 | €81,865 | +€33,734 | +70.1% |
| Other amounts payable | 47/48 | €351 | €213 | -€138 | -39.3% |
| Non-recurring operating income | 76A | €6,837 | €6,065 | -€772 | -11.3% |
| Remuneration, social security and pensions | 62 | €365,522 | €512,380 | +€146,858 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,172 | €10,683 | -€16,490 | -60.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€785 | -€17 | +€769 | +97.9% |
| Other operating charges | 640/8 | €3,978 | €5,988 | +€2,009 | +50.5% |
| Non-recurring operating charges | 66A | €1,086 | €1,191 | +€105 | +9.7% |
| Gross operating margin | 9900 | €335,934 | €552,510 | +€216,576 | +64.5% |
| Operating profit (loss) | 9901 | -€61,040 | €22,285 | +€83,325 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €43 | €856 | +€812 | +1,874% |
| Recurring financial charges | 65 | €43 | €856 | +€812 | +1,874% |
| Profit (loss) for the period before taxes | 9903 | -€61,077 | €21,430 | +€82,507 | |
| Profit (loss) for the period | 9904 | -€61,077 | €21,430 | +€82,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,077 | €21,430 | +€82,507 |
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 17 October 2026 via checked.be.