LA CHEMINEE: 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.
LA CHEMINEE
Largest movements
- Cash -€478,931
down €478,931 (-49.3%), from €970,519 to €491,588
mainly Current investments (-€300,000) and Tax, wage and social debts (-€193,997)
- Current investments +€300,000
up €300,000 (+85.7%), from €350,000 to €650,000
- Receivables within one year +€173,167
up €173,167 (+26.9%), from €644,756 to €817,923
of which Other amounts receivable: +€154,943
- Tangible fixed assets -€38,657
down €38,657 (-24.7%), from €156,358 to €117,701
of which Furniture and vehicles: -€24,617
- Tax, wage and social debts -€193,997
down €193,997 (-56.4%), from €343,975 to €149,978
of which Taxes: -€209,170
- Reserves +€100,000
up €100,000 (+19.8%), from €506,200 to €606,200
of which Distributable reserves: +€100,000
- Profit (loss) carried forward +€27,257
up €27,257 (+2.8%), from €981,614 to €1.0m
- Gross operating margin -€204,816
down €204,816 (-23.7%), from €862,903 to €658,087
- Taxes -€71,093
down €71,093 (-41.5%), from €171,249 to €100,156
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 | €2,488,866 | €2,435,957 | -€52,909 | -2.1% |
| Fixed assets | 21/28 | €166,543 | €127,886 | -€38,657 | -23.2% |
| Tangible fixed assets | 22/27 | €156,358 | €117,701 | -€38,657 | -24.7% |
| Plant, machinery and equipment | 23 | €51,511 | €37,471 | -€14,041 | -27.3% |
| Furniture and vehicles | 24 | €104,847 | €80,230 | -€24,617 | -23.5% |
| Financial fixed assets | 28 | €10,185 | €10,185 | = | 0.0% |
| Current assets | 29/58 | €2,322,323 | €2,308,071 | -€14,252 | -0.6% |
| Stocks and contracts in progress | 3 | €350,892 | €337,116 | -€13,776 | -3.9% |
| Stocks | 30/36 | €350,892 | €337,116 | -€13,776 | -3.9% |
| Amounts receivable within one year | 40/41 | €644,756 | €817,923 | +€173,167 | +26.9% |
| Trade receivables | 40 | €182,559 | €200,782 | +€18,224 | +10.0% |
| Other amounts receivable | 41 | €462,197 | €617,141 | +€154,943 | +33.5% |
| Current investments | 50/53 | €350,000 | €650,000 | +€300,000 | +85.7% |
| Cash at bank and in hand | 54/58 | €970,519 | €491,588 | -€478,931 | -49.3% |
| Deferred charges and accrued income | 490/1 | €6,157 | €11,444 | +€5,288 | +85.9% |
| Total equity and liabilities | 10/49 | €2,488,866 | €2,435,957 | -€52,909 | -2.1% |
| Equity | 10/15 | €1,549,814 | €1,677,071 | +€127,257 | +8.2% |
| 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 | €506,200 | €606,200 | +€100,000 | +19.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €600,000 | +€100,000 | +20.0% |
| Profit (loss) carried forward | 14 | €981,614 | €1,008,871 | +€27,257 | +2.8% |
| Amounts payable | 17/49 | €939,052 | €758,886 | -€180,166 | -19.2% |
| Amounts payable after more than one year | 17 | €31,632 | €20,538 | -€11,094 | -35.1% |
| Financial debts | 170/4 | €31,632 | €20,538 | -€11,094 | -35.1% |
| Amounts payable within one year | 42/48 | €907,420 | €738,348 | -€169,072 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €53,515 | €44,428 | -€9,087 | -17.0% |
| Trade debts | 44 | €368,785 | €385,797 | +€17,012 | +4.6% |
| Suppliers | 440/4 | €368,785 | €385,797 | +€17,012 | +4.6% |
| Taxes, remuneration and social security | 45 | €343,975 | €149,978 | -€193,997 | -56.4% |
| Taxes | 450/3 | €323,975 | €114,805 | -€209,170 | -64.6% |
| Remuneration and social security | 454/9 | €20,000 | €35,173 | +€15,173 | +75.9% |
| Other amounts payable | 47/48 | €141,145 | €158,145 | +€17,000 | +12.0% |
| Non-recurring operating income | 76A | €1,021 | €803 | -€218 | -21.3% |
| Remuneration, social security and pensions | 62 | €240,827 | €249,408 | +€8,581 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,491 | €51,150 | +€3,658 | +7.7% |
| Other operating charges | 640/8 | €17,133 | €12,330 | -€4,803 | -28.0% |
| Gross operating margin | 9900 | €862,903 | €658,087 | -€204,816 | -23.7% |
| Operating profit (loss) | 9901 | €557,452 | €345,200 | -€212,252 | -38.1% |
| Financial income | 75/76B | €20,095 | €28,577 | +€8,482 | +42.2% |
| Recurring financial income | 75 | €20,095 | €28,577 | +€8,482 | +42.2% |
| Financial charges | 65/66B | €6,954 | €6,364 | -€590 | -8.5% |
| Recurring financial charges | 65 | €6,954 | €6,364 | -€590 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €570,594 | €367,413 | -€203,181 | -35.6% |
| Income taxes | 67/77 | €171,249 | €100,156 | -€71,093 | -41.5% |
| Profit (loss) for the period | 9904 | €399,344 | €267,257 | -€132,088 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €399,344 | €267,257 | -€132,088 | -33.1% |
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 11 October 2026 via checked.be.