Claude CHEVALIER: 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.
Claude CHEVALIER
Largest movements
- Cash -€1,504
down €1,504 (-94.7%), from €1,587 to €84
mainly Net result for the year (-€1,533)
- Profit (loss) carried forward -€1,533
down €1,533 (-40.3%), from €3,802 to €2,269
- Gross operating margin +€1,599
up €1,599 (+56.5%), from -€2,829 to -€1,230
- Depreciation -€251
down €251 (-89.6%), from €280 to €29
- Taxes +€50
new in 2025: €50
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 | €28,708 | €27,175 | -€1,533 | -5.3% |
| Fixed assets | 21/28 | €4,279 | €4,250 | -€29 | -0.7% |
| Tangible fixed assets | 22/27 | €4,279 | €4,250 | -€29 | -0.7% |
| Furniture and vehicles | 24 | €4,279 | €4,250 | -€29 | -0.7% |
| Current assets | 29/58 | €24,429 | €22,925 | -€1,504 | -6.2% |
| Stocks and contracts in progress | 3 | €15,141 | €15,141 | = | 0.0% |
| Stocks | 30/36 | €15,141 | €15,141 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,700 | €2,700 | = | 0.0% |
| Other amounts receivable | 41 | €2,700 | €2,700 | = | 0.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,587 | €84 | -€1,504 | -94.7% |
| Total equity and liabilities | 10/49 | €28,708 | €27,175 | -€1,533 | -5.3% |
| Equity | 10/15 | €27,913 | €26,381 | -€1,533 | -5.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €17,914 | €17,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,054 | €16,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,802 | €2,269 | -€1,533 | -40.3% |
| Amounts payable | 17/49 | €795 | €795 | = | 0.0% |
| Amounts payable within one year | 42/48 | €795 | €795 | = | 0.0% |
| Other amounts payable | 47/48 | €795 | €795 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €29 | -€251 | -89.6% |
| Other operating charges | 640/8 | €191 | €194 | +€3 | +1.6% |
| Gross operating margin | 9900 | -€2,829 | -€1,230 | +€1,599 | +56.5% |
| Operating profit (loss) | 9901 | -€3,300 | -€1,453 | +€1,848 | +56.0% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,330 | -€1,483 | +€1,848 | +55.5% |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | -€3,330 | -€1,533 | +€1,798 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,330 | -€1,533 | +€1,798 | +54.0% |
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.