CROIX CHATELAIN: 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.
What changed
CROIX CHATELAIN
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€232,414
2024 · -€350,664+€118,250
Equity
€3.5m
2024 · €3.7m-€234,414
Cash
€1.3m
2024 · €1.3m+€85,862
Balance sheet total
€3.9m
2024 · €4.4m-€429,304
Largest movements
Assets
- Receivables within one year -€446,364
down €446,364 (-57.0%), from €783,290 to €336,926
of which Trade receivables: -€354,188
- Cash +€85,862
up €85,862 (+6.8%), from €1.3m to €1.3m
mainly Receivables within one year (+€446,364) and Depreciation (+€110,404)
Equity and liabilities
- Profit (loss) carried forward -€232,414
down €232,414 (-37.7%), from €615,942 to €383,528
- Current portion of long-term debt -€70,836
no longer reported in 2025 (was €70,836)
- Other debts -€65,650
down €65,650 (-97.0%), from €67,688 to €2,038
- Tax, wage and social debts -€65,233
down €65,233 (-42.1%), from €154,793 to €89,560
of which Remuneration and social security: -€34,442
Income statement
- Write-downs -€59,740
down €59,740 (-207.6%), from -€28,772 to -€88,512
- Staff costs -€33,182
down €33,182 (-3.1%), from €1.1m to €1.0m
- Financial charges -€27,632
down €27,632 (-53.0%), from €52,120 to €24,488
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.
Result 2024
-€350,664
Gross operating margin
+€852
Staff costs
+€33,182
Depreciation
-€3,702
Write-downs
+€59,740
Provisions
-€4,478
Other operating charges
+€6,776
Financial income
-€2,430
Financial charges
+€27,632
Taxes
+€678
Result 2025
-€232,414
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.
From operations
+€211,598
Investment
-€52,900
Financing
-€72,836
Cash 2024
€1.3m
From operations (derived)
+€211,598
Net result for the year
-€232,414
Depreciation
+€110,404
Stocks and contracts
+€12,101
Receivables within one year
+€446,364
Smaller working-capital items
-€1,372
Provisions
+€4,478
Trade debts
+€2,920
Tax, wage and social debts
-€65,233
Other debts
-€65,650
Investment (derived)
-€52,900
Investment in fixed assets (net)
-€52,900
Financing
-€72,836
Current portion of long-term debt
-€70,836
Contributions, distributions and other
-€2,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,360,603 | €3,931,299 | -€429,304 | -9.8% |
| Fixed assets | 21/28 | €737,201 | €679,697 | -€57,504 | -7.8% |
| Intangible fixed assets | 21 | €123,883 | €103,823 | -€20,060 | -16.2% |
| Tangible fixed assets | 22/27 | €612,462 | €575,018 | -€37,444 | -6.1% |
| Land and buildings | 22 | €604,334 | €571,334 | -€33,000 | -5.5% |
| Plant, machinery and equipment | 23 | €5,993 | €2,561 | -€3,431 | -57.3% |
| Furniture and vehicles | 24 | €2,135 | €1,122 | -€1,013 | -47.4% |
| Financial fixed assets | 28 | €856 | €856 | = | 0.0% |
| Current assets | 29/58 | €3,623,403 | €3,251,602 | -€371,800 | -10.3% |
| Stocks and contracts in progress | 3 | €1,559,515 | €1,547,414 | -€12,101 | -0.8% |
| Stocks | 30/36 | €1,559,515 | €1,547,414 | -€12,101 | -0.8% |
| Amounts receivable within one year | 40/41 | €783,290 | €336,926 | -€446,364 | -57.0% |
| Trade receivables | 40 | €666,376 | €312,189 | -€354,188 | -53.2% |
| Other amounts receivable | 41 | €116,913 | €24,737 | -€92,176 | -78.8% |
| Cash at bank and in hand | 54/58 | €1,256,286 | €1,342,147 | +€85,862 | +6.8% |
| Deferred charges and accrued income | 490/1 | €24,312 | €25,114 | +€803 | +3.3% |
| Total equity and liabilities | 10/49 | €4,360,603 | €3,931,299 | -€429,304 | -9.8% |
| Equity | 10/15 | €3,702,437 | €3,468,023 | -€234,414 | -6.3% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €2,430,176 | €2,430,176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,176 | €41,176 | = | 0.0% |
| Distributable reserves | 133 | €2,304,000 | €2,304,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,942 | €383,528 | -€232,414 | -37.7% |
| Investment grants | 15 | €6,319 | €4,319 | -€2,000 | -31.7% |
| Provisions and deferred taxes | 16 | - | €4,478 | +€4,478 | |
| Provisions for liabilities and charges | 160/5 | - | €4,478 | +€4,478 | |
| Other liabilities and charges | 164/5 | - | €4,478 | +€4,478 | |
| Amounts payable | 17/49 | €658,166 | €458,798 | -€199,368 | -30.3% |
| Amounts payable within one year | 42/48 | €657,484 | €458,686 | -€198,799 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €70,836 | - | -€70,836 | |
| Trade debts | 44 | €364,167 | €367,087 | +€2,920 | +0.8% |
| Suppliers | 440/4 | €364,167 | €367,087 | +€2,920 | +0.8% |
| Taxes, remuneration and social security | 45 | €154,793 | €89,560 | -€65,233 | -42.1% |
| Taxes | 450/3 | €31,334 | €544 | -€30,791 | -98.3% |
| Remuneration and social security | 454/9 | €123,459 | €89,017 | -€34,442 | -27.9% |
| Other amounts payable | 47/48 | €67,688 | €2,038 | -€65,650 | -97.0% |
| Accrued charges and deferred income | 492/3 | €682 | €113 | -€569 | -83.5% |
| Remuneration, social security and pensions | 62 | €1,057,669 | €1,024,487 | -€33,182 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,702 | €110,404 | +€3,702 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,772 | -€88,512 | -€59,740 | -207.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,478 | +€4,478 | |
| Other operating charges | 640/8 | €76,534 | €69,758 | -€6,776 | -8.9% |
| Gross operating margin | 9900 | €885,916 | €886,768 | +€852 | +0.1% |
| Operating profit (loss) | 9901 | -€326,217 | -€233,847 | +€92,370 | +28.3% |
| Financial income | 75/76B | €28,851 | €26,421 | -€2,430 | -8.4% |
| Recurring financial income | 75 | €28,851 | €26,421 | -€2,430 | -8.4% |
| Financial charges | 65/66B | €52,120 | €24,488 | -€27,632 | -53.0% |
| Recurring financial charges | 65 | €52,120 | €24,488 | -€27,632 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€349,486 | -€231,914 | +€117,572 | +33.6% |
| Income taxes | 67/77 | €1,177 | €500 | -€678 | -57.6% |
| Profit (loss) for the period | 9904 | -€350,664 | -€232,414 | +€118,250 | +33.7% |
| Transfer from tax-exempt reserves | 789 | €55,346 | - | -€55,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€295,318 | -€232,414 | +€62,904 | +21.3% |
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 3 October 2026 via checked.be.