Le Chant d'Oiseau: 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.
Le Chant d'Oiseau
Largest movements
- Current investments +€311,828
up €311,828 (+2,338%), from €13,339 to €325,167
- Tangible fixed assets -€211,868
down €211,868 (-18.1%), from €1.2m to €956,550
of which Land and buildings: -€208,545
- Cash +€52,778
up €52,778 (+256%), from €20,598 to €73,376
mainly Net result for the year (+€216,450) and Investment in fixed assets (net) (+€149,926)
- Receivables within one year +€51,938
up €51,938 (+35.9%), from €144,646 to €196,584
of which Other amounts receivable: +€134,605
- Profit (loss) carried forward +€216,450
up €216,450 (+70.0%), from -€309,061 to -€92,612
- Financial income +€229,277
up €229,277 (+37,665%), from €609 to €229,885
of which Non-recurring financial income: +€229,644
- Gross operating margin +€161,240
up €161,240 (+21.7%), from €741,974 to €903,214
- Write-downs +€47,166
new in 2025: €47,166
- Staff costs -€30,361
down €30,361 (-3.6%), from €837,346 to €806,985
- Turnover +€19,168
up €19,168 (+23.0%), from €83,445 to €102,613
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 | €1,355,220 | €1,561,721 | +€206,501 | +15.2% |
| Fixed assets | 21/28 | €1,168,468 | €956,600 | -€211,868 | -18.1% |
| Tangible fixed assets | 22/27 | €1,168,418 | €956,550 | -€211,868 | -18.1% |
| Land and buildings | 22 | €1,159,291 | €950,745 | -€208,545 | -18.0% |
| Furniture and vehicles | 24 | €9,128 | €5,805 | -€3,323 | -36.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €186,752 | €605,122 | +€418,369 | +224% |
| Amounts receivable within one year | 40/41 | €144,646 | €196,584 | +€51,938 | +35.9% |
| Trade receivables | 40 | €114,636 | €31,969 | -€82,667 | -72.1% |
| Other amounts receivable | 41 | €30,010 | €164,615 | +€134,605 | +449% |
| Current investments | 50/53 | €13,339 | €325,167 | +€311,828 | +2,338% |
| Cash at bank and in hand | 54/58 | €20,598 | €73,376 | +€52,778 | +256% |
| Deferred charges and accrued income | 490/1 | €8,169 | €9,995 | +€1,825 | +22.3% |
| Total equity and liabilities | 10/49 | €1,355,220 | €1,561,721 | +€206,501 | +15.2% |
| Equity | 10/15 | €233,824 | €437,029 | +€203,205 | +86.9% |
| Contributions | 10/11 | €193,009 | €193,009 | = | 0.0% |
| Capital | 10 | €193,009 | €193,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,061 | -€92,612 | +€216,450 | +70.0% |
| Investment grants | 15 | €349,876 | €336,631 | -€13,245 | -3.8% |
| Provisions and deferred taxes | 16 | €183,500 | €183,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €183,500 | €183,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €98,500 | €98,500 | = | 0.0% |
| Environmental obligations | 163 | €76,000 | €76,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable | 17/49 | €937,896 | €941,193 | +€3,297 | +0.4% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,896 | €141,193 | +€3,297 | +2.4% |
| Trade debts | 44 | €57,375 | €31,318 | -€26,057 | -45.4% |
| Suppliers | 440/4 | €57,375 | €31,318 | -€26,057 | -45.4% |
| Taxes, remuneration and social security | 45 | €68,245 | €96,935 | +€28,690 | +42.0% |
| Taxes | 450/3 | - | €184 | +€184 | |
| Remuneration and social security | 454/9 | €68,245 | €96,751 | +€28,506 | +41.8% |
| Turnover | 70 | €83,445 | €102,613 | +€19,168 | +23.0% |
| Membership fees, donations, legacies and grants | 73 | €733,305 | €898,705 | +€165,400 | +22.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €116,255 | €135,195 | +€18,940 | +16.3% |
| Remuneration, social security and pensions | 62 | €837,346 | €806,985 | -€30,361 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,158 | €61,942 | -€11,216 | -15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,166 | +€47,166 | |
| Other operating charges | 640/8 | €272 | €336 | +€65 | +23.9% |
| Gross operating margin | 9900 | €741,974 | €903,214 | +€161,240 | +21.7% |
| Operating profit (loss) | 9901 | -€168,802 | -€13,216 | +€155,586 | +92.2% |
| Financial income | 75/76B | €609 | €229,885 | +€229,277 | +37,665% |
| Recurring financial income | 75 | €609 | €241 | -€367 | -60.4% |
| Non-recurring financial income | 76B | - | €229,644 | +€229,644 | |
| Financial charges | 65/66B | €113 | €220 | +€107 | +94.8% |
| Recurring financial charges | 65 | €113 | €220 | +€107 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | -€168,306 | €216,450 | +€384,755 | |
| Profit (loss) for the period | 9904 | -€168,306 | €216,450 | +€384,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168,306 | €216,450 | +€384,755 |
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 29 October 2026 via checked.be.