ETS CHAPELLE: 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.
ETS CHAPELLE
Largest movements
- Cash +€120,831
up €120,831 (+85.1%), from €141,962 to €262,793
mainly Other debts (+€44,380) and Debts after one year (+€36,949)
- Tangible fixed assets +€29,615
up €29,615 (+40.6%), from €72,978 to €102,592
of which Furniture and vehicles: +€29,834
- Receivables within one year -€20,837
down €20,837 (-30.8%), from €67,716 to €46,878
of which Trade receivables: -€11,477
- Stocks and contracts -€6,722
down €6,722 (-8.6%), from €78,517 to €71,794
- Other debts +€44,380
new in 2025: €44,380
- Debts after one year +€36,949
up €36,949 (+103.8%), from €35,609 to €72,558
- Trade debts +€29,149
up €29,149 (+288.4%), from €10,106 to €39,255
- Current portion of long-term debt +€13,335
up €13,335 (+85.0%), from €15,684 to €29,019
- Reserves -€10,064
down €10,064 (-3.5%), from €287,439 to €277,375
- Gross operating margin +€47,860
up €47,860 (+40.6%), from €117,819 to €165,678
- Purchases and services +€28,489
up €28,489 (+9.9%), from €287,132 to €315,622
- Staff costs +€21,007
up €21,007 (+38.4%), from €54,733 to €75,741
- Other operating charges +€12,743
up €12,743 (+671.2%), from €1,899 to €14,642
- Depreciation +€3,430
up €3,430 (+19.2%), from €17,850 to €21,280
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 | €365,731 | €488,649 | +€122,918 | +33.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €73,093 | €102,707 | +€29,615 | +40.5% |
| Tangible fixed assets | 22/27 | €72,978 | €102,592 | +€29,615 | +40.6% |
| Land and buildings | 22 | €4,805 | €3,306 | -€1,499 | -31.2% |
| Plant, machinery and equipment | 23 | €5,991 | €7,271 | +€1,279 | +21.4% |
| Furniture and vehicles | 24 | €62,181 | €92,016 | +€29,834 | +48.0% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €292,639 | €385,941 | +€93,303 | +31.9% |
| Stocks and contracts in progress | 3 | €78,517 | €71,794 | -€6,722 | -8.6% |
| Stocks | 30/36 | €78,517 | €71,794 | -€6,722 | -8.6% |
| Amounts receivable within one year | 40/41 | €67,716 | €46,878 | -€20,837 | -30.8% |
| Trade receivables | 40 | €50,142 | €38,665 | -€11,477 | -22.9% |
| Other amounts receivable | 41 | €17,574 | €8,213 | -€9,361 | -53.3% |
| Cash at bank and in hand | 54/58 | €141,962 | €262,793 | +€120,831 | +85.1% |
| Deferred charges and accrued income | 490/1 | €4,444 | €4,476 | +€32 | +0.7% |
| Total equity and liabilities | 10/49 | €365,731 | €488,649 | +€122,918 | +33.6% |
| Equity | 10/15 | €293,639 | €283,575 | -€10,064 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €287,439 | €277,375 | -€10,064 | -3.5% |
| Distributable reserves | 133 | €287,439 | €277,375 | -€10,064 | -3.5% |
| Amounts payable | 17/49 | €72,092 | €205,074 | +€132,981 | +184.5% |
| Amounts payable after more than one year | 17 | €35,609 | €72,558 | +€36,949 | +103.8% |
| Financial debts | 170/4 | €35,609 | €72,558 | +€36,949 | +103.8% |
| Amounts payable within one year | 42/48 | €36,483 | €132,516 | +€96,032 | +263.2% |
| Current portion of amounts payable after more than one year | 42 | €15,684 | €29,019 | +€13,335 | +85.0% |
| Financial debts | 43 | €5,000 | €4,757 | -€243 | -4.9% |
| Credit institutions | 430/8 | €5,000 | €4,757 | -€243 | -4.9% |
| Trade debts | 44 | €10,106 | €39,255 | +€29,149 | +288.4% |
| Suppliers | 440/4 | €10,106 | €39,255 | +€29,149 | +288.4% |
| Taxes, remuneration and social security | 45 | €5,693 | €15,104 | +€9,410 | +165.3% |
| Taxes | 450/3 | €3,044 | €6,703 | +€3,659 | +120.2% |
| Remuneration and social security | 454/9 | €2,649 | €8,400 | +€5,751 | +217.1% |
| Other amounts payable | 47/48 | - | €44,380 | +€44,380 | |
| Goods, raw materials, services and sundry goods | 60/61 | €287,132 | €315,622 | +€28,489 | +9.9% |
| Remuneration, social security and pensions | 62 | €54,733 | €75,741 | +€21,007 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,850 | €21,280 | +€3,430 | +19.2% |
| Other operating charges | 640/8 | €1,899 | €14,642 | +€12,743 | +671.2% |
| Gross operating margin | 9900 | €117,819 | €165,678 | +€47,860 | +40.6% |
| Operating profit (loss) | 9901 | €43,337 | €54,016 | +€10,679 | +24.6% |
| Financial income | 75/76B | €5,220 | €5,153 | -€68 | -1.3% |
| Recurring financial income | 75 | €5,220 | €5,153 | -€68 | -1.3% |
| Financial charges | 65/66B | €1,819 | €3,134 | +€1,314 | +72.2% |
| Recurring financial charges | 65 | €1,819 | €3,134 | +€1,314 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | €46,737 | €56,035 | +€9,297 | +19.9% |
| Income taxes | 67/77 | €16,296 | €19,442 | +€3,146 | +19.3% |
| Profit (loss) for the period | 9904 | €30,441 | €36,593 | +€6,152 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,441 | €36,593 | +€6,152 | +20.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.