Le Chemin Vert: 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 Chemin Vert
Largest movements
- Cash +€74,537
up €74,537 (+14.7%), from €508,143 to €582,680
mainly Depreciation (+€156,651) and Accrued charges and deferred income (+€148,802)
- Tangible fixed assets +€65,320
up €65,320 (+4.7%), from €1.4m to €1.5m
of which Furniture and vehicles: +€56,461
- Current investments +€45,290
up €45,290 (+14.2%), from €319,096 to €364,386
- Accrued charges and deferred income +€148,802
up €148,802 (+644%), from €23,105 to €171,907
- Debts within one year -€126,063
down €126,063 (-9.7%), from €1.3m to €1.2m
of which Trade debts: -€151,729
- Debts after one year +€105,280
up €105,280 (+22.6%), from €466,360 to €571,640
of which Financial debts: +€100,480
- Contributions +€82,500
up €82,500 (+21.5%), from €383,945 to €466,445
- Gross operating margin +€372,061
up €372,061 (+6.0%), from €6.2m to €6.6m
- Staff costs +€306,638
up €306,638 (+5.0%), from €6.1m to €6.4m
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 | €2,372,026 | €2,568,385 | +€196,359 | +8.3% |
| Fixed assets | 21/28 | €1,399,010 | €1,464,330 | +€65,320 | +4.7% |
| Tangible fixed assets | 22/27 | €1,397,431 | €1,462,751 | +€65,320 | +4.7% |
| Land and buildings | 22 | €1,067,998 | €1,031,170 | -€36,828 | -3.4% |
| Plant, machinery and equipment | 23 | €38,423 | €33,484 | -€4,939 | -12.9% |
| Furniture and vehicles | 24 | €105,871 | €162,332 | +€56,461 | +53.3% |
| Other tangible fixed assets | 26 | €185,139 | €235,764 | +€50,625 | +27.3% |
| Financial fixed assets | 28 | €1,579 | €1,579 | = | 0.0% |
| Current assets | 29/58 | €973,016 | €1,104,055 | +€131,039 | +13.5% |
| Amounts receivable within one year | 40/41 | €140,302 | €144,381 | +€4,078 | +2.9% |
| Trade receivables | 40 | €2,872 | €6,617 | +€3,745 | +130% |
| Other amounts receivable | 41 | €137,430 | €137,764 | +€333 | +0.2% |
| Current investments | 50/53 | €319,096 | €364,386 | +€45,290 | +14.2% |
| Cash at bank and in hand | 54/58 | €508,143 | €582,680 | +€74,537 | +14.7% |
| Deferred charges and accrued income | 490/1 | €5,475 | €12,609 | +€7,134 | +130% |
| Total equity and liabilities | 10/49 | €2,372,026 | €2,568,385 | +€196,359 | +8.3% |
| Equity | 10/15 | €586,854 | €655,194 | +€68,340 | +11.6% |
| Contributions | 10/11 | €383,945 | €466,445 | +€82,500 | +21.5% |
| Capital | 10 | €383,945 | €466,445 | +€82,500 | +21.5% |
| Profit (loss) carried forward | 14 | -€223,782 | -€224,339 | -€557 | -0.2% |
| Investment grants | 15 | €426,692 | €413,089 | -€13,603 | -3.2% |
| Amounts payable | 17/49 | €1,785,172 | €1,913,190 | +€128,019 | +7.2% |
| Amounts payable after more than one year | 17 | €466,360 | €571,640 | +€105,280 | +22.6% |
| Financial debts | 170/4 | €465,060 | €565,540 | +€100,480 | +21.6% |
| Other amounts payable | 178/9 | €1,300 | €6,100 | +€4,800 | +369% |
| Amounts payable within one year | 42/48 | €1,295,706 | €1,169,643 | -€126,063 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €26,872 | €27,743 | +€872 | +3.2% |
| Financial debts | 43 | €926 | €926 | = | 0.0% |
| Credit institutions | 430/8 | €926 | €926 | = | 0.0% |
| Trade debts | 44 | €198,731 | €47,002 | -€151,729 | -76.3% |
| Suppliers | 440/4 | €198,731 | €47,002 | -€151,729 | -76.3% |
| Taxes, remuneration and social security | 45 | €916,778 | €938,865 | +€22,087 | +2.4% |
| Taxes | 450/3 | €108,781 | €104,507 | -€4,275 | -3.9% |
| Remuneration and social security | 454/9 | €807,997 | €834,358 | +€26,362 | +3.3% |
| Accrued charges and deferred income | 492/3 | €23,105 | €171,907 | +€148,802 | +644% |
| Non-recurring operating income | 76A | €4,590 | €3,949 | -€642 | -14.0% |
| Remuneration, social security and pensions | 62 | €6,082,594 | €6,389,232 | +€306,638 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,744 | €156,651 | +€36,907 | +30.8% |
| Other operating charges | 640/8 | €9,730 | €10,375 | +€645 | +6.6% |
| Non-recurring operating charges | 66A | €141 | - | -€141 | |
| Gross operating margin | 9900 | €6,199,444 | €6,571,505 | +€372,061 | +6.0% |
| Operating profit (loss) | 9901 | -€12,765 | €15,247 | +€28,012 | |
| Financial income | 75/76B | €5,266 | €3,893 | -€1,374 | -26.1% |
| Recurring financial income | 75 | €5,266 | €3,893 | -€1,374 | -26.1% |
| Financial charges | 65/66B | €8,623 | €18,116 | +€9,494 | +110% |
| Recurring financial charges | 65 | €8,623 | €18,116 | +€9,494 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€16,122 | €1,023 | +€17,145 | |
| Income taxes | 67/77 | - | €1,580 | +€1,580 | |
| Profit (loss) for the period | 9904 | -€16,122 | -€557 | +€15,565 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,122 | -€557 | +€15,565 | +96.5% |
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 14 October 2026 via checked.be.