LE CHAPEAU: 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 CHAPEAU
Largest movements
- Cash -€37,234
down €37,234 (-54.1%), from €68,886 to €31,652
mainly Trade debts (-€82,944) and Debts after one year (-€36,918)
- Tangible fixed assets -€29,960
down €29,960 (-28.6%), from €104,912 to €74,952
of which Other tangible fixed assets: -€28,670
- Stocks and contracts +€29,466
up €29,466 (+10.9%), from €270,672 to €300,138
- Intangible fixed assets -€10,000
down €10,000 (-21.6%), from €46,202 to €36,202
- Trade debts -€82,944
down €82,944 (-59.9%), from €138,416 to €55,473
- Profit (loss) carried forward +€48,786
up €48,786 (+50.3%), from -€96,898 to -€48,112
- Debts after one year -€36,918
down €36,918 (-30.0%), from €123,064 to €86,146
- Current portion of long-term debt +€17,299
up €17,299 (+39.7%), from €43,619 to €60,918
- Tax, wage and social debts +€13,705
up €13,705 (+46.8%), from €29,291 to €42,996
of which Taxes: +€9,822
- Turnover -€1.0m
no longer reported in 2025 (was €1.0m)
- Purchases and services -€578,112
no longer reported in 2025 (was €578,112)
- Staff costs +€21,433
up €21,433 (+7.0%), from €307,877 to €329,310
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 | €518,900 | €472,659 | -€46,241 | -8.9% |
| Fixed assets | 21/28 | €151,285 | €111,325 | -€39,960 | -26.4% |
| Intangible fixed assets | 21 | €46,202 | €36,202 | -€10,000 | -21.6% |
| Tangible fixed assets | 22/27 | €104,912 | €74,952 | -€29,960 | -28.6% |
| Plant, machinery and equipment | 23 | €929 | €517 | -€411 | -44.3% |
| Furniture and vehicles | 24 | €1,937 | €1,059 | -€878 | -45.3% |
| Other tangible fixed assets | 26 | €102,047 | €73,376 | -€28,670 | -28.1% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €367,615 | €361,334 | -€6,281 | -1.7% |
| Stocks and contracts in progress | 3 | €270,672 | €300,138 | +€29,466 | +10.9% |
| Stocks | 30/36 | €270,672 | €300,138 | +€29,466 | +10.9% |
| Amounts receivable within one year | 40/41 | €14,886 | €14,030 | -€856 | -5.8% |
| Trade receivables | 40 | €14,886 | €14,030 | -€856 | -5.8% |
| Cash at bank and in hand | 54/58 | €68,886 | €31,652 | -€37,234 | -54.1% |
| Deferred charges and accrued income | 490/1 | €13,170 | €15,513 | +€2,343 | +17.8% |
| Total equity and liabilities | 10/49 | €518,900 | €472,659 | -€46,241 | -8.9% |
| Equity | 10/15 | €3,102 | €51,888 | +€48,786 | +1,573% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,898 | -€48,112 | +€48,786 | +50.3% |
| Amounts payable | 17/49 | €515,798 | €420,771 | -€95,027 | -18.4% |
| Amounts payable after more than one year | 17 | €123,064 | €86,146 | -€36,918 | -30.0% |
| Financial debts | 170/4 | €123,064 | €86,146 | -€36,918 | -30.0% |
| Amounts payable within one year | 42/48 | €387,131 | €324,827 | -€62,304 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €43,619 | €60,918 | +€17,299 | +39.7% |
| Trade debts | 44 | €138,416 | €55,473 | -€82,944 | -59.9% |
| Suppliers | 440/4 | €138,416 | €55,473 | -€82,944 | -59.9% |
| Taxes, remuneration and social security | 45 | €29,291 | €42,996 | +€13,705 | +46.8% |
| Taxes | 450/3 | €6,902 | €16,723 | +€9,822 | +142% |
| Remuneration and social security | 454/9 | €22,389 | €26,273 | +€3,884 | +17.3% |
| Other amounts payable | 47/48 | €175,806 | €165,440 | -€10,365 | -5.9% |
| Accrued charges and deferred income | 492/3 | €5,603 | €9,798 | +€4,195 | +74.9% |
| Turnover | 70 | €1,000,314 | - | -€1.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €578,112 | - | -€578,112 | |
| Remuneration, social security and pensions | 62 | €307,877 | €329,310 | +€21,433 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,036 | €39,960 | -€76 | -0.2% |
| Other operating charges | 640/8 | €930 | €520 | -€411 | -44.1% |
| Gross operating margin | 9900 | €422,202 | €430,956 | +€8,754 | +2.1% |
| Operating profit (loss) | 9901 | €73,359 | €61,166 | -€12,193 | -16.6% |
| Financial income | 75/76B | €50 | €131 | +€81 | +162% |
| Recurring financial income | 75 | €50 | €131 | +€81 | +162% |
| Financial charges | 65/66B | €12,506 | €12,511 | +€5 | 0.0% |
| Recurring financial charges | 65 | €12,506 | €12,511 | +€5 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €60,903 | €48,786 | -€12,117 | -19.9% |
| Profit (loss) for the period | 9904 | €60,903 | €48,786 | -€12,117 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,903 | €48,786 | -€12,117 | -19.9% |
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 24 October 2026 via checked.be.