Le Tchession: 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 Tchession
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+222.2%), from €1.1m to €3.4m
of which Land and buildings: +€2.3m
- Intangible fixed assets +€310,356
new in 2025: €310,356
- Cash -€272,228
down €272,228 (-50.5%), from €539,420 to €267,192
mainly Investment in fixed assets (net) (-€2.8m) and Receivables within one year (-€45,376)
- Receivables within one year +€45,376
up €45,376 (+41.6%), from €109,089 to €154,465
of which Trade receivables: +€45,376
- Debts after one year +€2.3m
up €2.3m (+730.1%), from €310,826 to €2.6m
- Debts within one year +€86,449
up €86,449 (+12.8%), from €676,064 to €762,514
of which Tax, wage and social debts: +€52,753
- Profit (loss) carried forward +€64,509
up €64,509 (+8.8%), from €734,259 to €798,768
- Gross operating margin +€250,458
up €250,458 (+10.3%), from €2.4m to €2.7m
- Staff costs +€233,390
up €233,390 (+10.9%), from €2.1m to €2.4m
- Depreciation +€38,868
up €38,868 (+27.9%), from €139,318 to €178,187
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 | €1,721,149 | €4,144,792 | +€2.4m | +140.8% |
| Fixed assets | 21/28 | €1,050,931 | €3,696,538 | +€2.6m | +251.7% |
| Intangible fixed assets | 21 | - | €310,356 | +€310,356 | |
| Tangible fixed assets | 22/27 | €1,050,931 | €3,386,182 | +€2.3m | +222.2% |
| Land and buildings | 22 | €495,273 | €2,772,103 | +€2.3m | +459.7% |
| Plant, machinery and equipment | 23 | €47,874 | €65,777 | +€17,903 | +37.4% |
| Furniture and vehicles | 24 | €47,814 | €21,447 | -€26,367 | -55.1% |
| Leasing and similar rights | 25 | €27,814 | €20,112 | -€7,701 | -27.7% |
| Other tangible fixed assets | 26 | €432,157 | €506,742 | +€74,585 | +17.3% |
| Current assets | 29/58 | €670,218 | €448,254 | -€221,964 | -33.1% |
| Amounts receivable within one year | 40/41 | €109,089 | €154,465 | +€45,376 | +41.6% |
| Trade receivables | 40 | €108,884 | €154,260 | +€45,376 | +41.7% |
| Other amounts receivable | 41 | €205 | €205 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €539,420 | €267,192 | -€272,228 | -50.5% |
| Deferred charges and accrued income | 490/1 | €21,709 | €26,597 | +€4,888 | +22.5% |
| Total equity and liabilities | 10/49 | €1,721,149 | €4,144,792 | +€2.4m | +140.8% |
| Equity | 10/15 | €734,259 | €798,768 | +€64,509 | +8.8% |
| Profit (loss) carried forward | 14 | €734,259 | €798,768 | +€64,509 | +8.8% |
| Amounts payable | 17/49 | €986,890 | €3,346,024 | +€2.4m | +239.0% |
| Amounts payable after more than one year | 17 | €310,826 | €2,580,011 | +€2.3m | +730.1% |
| Financial debts | 170/4 | €310,826 | €2,580,011 | +€2.3m | +730.1% |
| Amounts payable within one year | 42/48 | €676,064 | €762,514 | +€86,449 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €204,704 | €251,562 | +€46,858 | +22.9% |
| Trade debts | 44 | €54,663 | €53,205 | -€1,458 | -2.7% |
| Suppliers | 440/4 | €54,663 | €53,205 | -€1,458 | -2.7% |
| Taxes, remuneration and social security | 45 | €369,845 | €422,598 | +€52,753 | +14.3% |
| Taxes | 450/3 | €18,949 | €20,981 | +€2,032 | +10.7% |
| Remuneration and social security | 454/9 | €350,896 | €401,617 | +€50,721 | +14.5% |
| Accrued charges and deferred income | 492/3 | - | €3,499 | +€3,499 | |
| Non-recurring operating income | 76A | €1,095 | €2,640 | +€1,545 | +141.1% |
| Remuneration, social security and pensions | 62 | €2,145,008 | €2,378,398 | +€233,390 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,318 | €178,187 | +€38,868 | +27.9% |
| Other operating charges | 640/8 | €12,449 | €11,849 | -€600 | -4.8% |
| Non-recurring operating charges | 66A | €54 | €103 | +€49 | +92.0% |
| Gross operating margin | 9900 | €2,433,573 | €2,684,031 | +€250,458 | +10.3% |
| Operating profit (loss) | 9901 | €136,744 | €115,494 | -€21,250 | -15.5% |
| Financial income | 75/76B | €185 | €68 | -€117 | -63.3% |
| Recurring financial income | 75 | €185 | €68 | -€117 | -63.3% |
| Financial charges | 65/66B | €24,034 | €49,802 | +€25,768 | +107.2% |
| Recurring financial charges | 65 | €24,034 | €49,802 | +€25,768 | +107.2% |
| Profit (loss) for the period before taxes | 9903 | €112,895 | €65,760 | -€47,135 | -41.8% |
| Income taxes | 67/77 | €10 | €1,251 | +€1,240 | +12053.3% |
| Profit (loss) for the period | 9904 | €112,885 | €64,509 | -€48,375 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,885 | €64,509 | -€48,375 | -42.9% |
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 10 October 2026 via checked.be.