LE TCHESTRA: what changed
Two fiscal 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 TCHESTRA
Largest movements
- Tangible fixed assets +€47,611
up €47,611 (+17.2%), from €276,183 to €323,793
of which Furniture and vehicles: +€24,606
- Cash +€14,968
up €14,968 (+54.5%), from €27,468 to €42,436
mainly Net result for the year (+€59,069) and Depreciation (+€32,038)
- Stocks and contracts +€11,250
up €11,250 (+19.2%), from €58,650 to €69,900
- Reserves +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Profit (loss) carried forward +€29,069
up €29,069 (+28.6%), from €101,810 to €130,879
- Tax, wage and social debts +€6,603
up €6,603 (+20.5%), from €32,222 to €38,825
- Gross operating margin +€16,087
up €16,087 (+15.1%), from €106,670 to €122,757
- Taxes +€6,452
up €6,452 (+34.5%), from €18,686 to €25,138
- Other operating charges +€1,920
up €1,920 (+229.3%), from €837 to €2,757
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 | €405,366 | €471,927 | +€66,561 | +16.4% |
| Fixed assets | 21/28 | €276,183 | €323,793 | +€47,611 | +17.2% |
| Tangible fixed assets | 22/27 | €276,183 | €323,793 | +€47,611 | +17.2% |
| Land and buildings | 22 | €142,869 | €153,578 | +€10,709 | +7.5% |
| Plant, machinery and equipment | 23 | €33,964 | €46,259 | +€12,295 | +36.2% |
| Furniture and vehicles | 24 | €99,350 | €123,956 | +€24,606 | +24.8% |
| Current assets | 29/58 | €129,184 | €148,134 | +€18,950 | +14.7% |
| Stocks and contracts in progress | 3 | €58,650 | €69,900 | +€11,250 | +19.2% |
| Stocks | 30/36 | €58,650 | €69,900 | +€11,250 | +19.2% |
| Amounts receivable within one year | 40/41 | €36,698 | €32,029 | -€4,670 | -12.7% |
| Trade receivables | 40 | €36,594 | €25,510 | -€11,084 | -30.3% |
| Other amounts receivable | 41 | €105 | €6,519 | +€6,414 | +6132.0% |
| Cash at bank and in hand | 54/58 | €27,468 | €42,436 | +€14,968 | +54.5% |
| Deferred charges and accrued income | 490/1 | €6,367 | €3,769 | -€2,598 | -40.8% |
| Total equity and liabilities | 10/49 | €405,366 | €471,927 | +€66,561 | +16.4% |
| Equity | 10/15 | €167,344 | €226,412 | +€59,069 | +35.3% |
| Contributions | 10/11 | €15,533 | €15,533 | = | 0.0% |
| Capital | 10 | €15,533 | - | -€15,533 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €3,067 | - | -€3,067 | |
| Reserves | 13 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Distributable reserves | 133 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Profit (loss) carried forward | 14 | €101,810 | €130,879 | +€29,069 | +28.6% |
| Amounts payable | 17/49 | €238,023 | €245,515 | +€7,492 | +3.1% |
| Amounts payable after more than one year | 17 | €85,571 | €84,169 | -€1,402 | -1.6% |
| Financial debts | 170/4 | €85,571 | €84,169 | -€1,402 | -1.6% |
| Amounts payable within one year | 42/48 | €152,144 | €158,166 | +€6,022 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €115,039 | €113,545 | -€1,494 | -1.3% |
| Trade debts | 44 | €4,884 | €5,797 | +€913 | +18.7% |
| Suppliers | 440/4 | €4,884 | €5,797 | +€913 | +18.7% |
| Taxes, remuneration and social security | 45 | €32,222 | €38,825 | +€6,603 | +20.5% |
| Taxes | 450/3 | €32,222 | €38,825 | +€6,603 | +20.5% |
| Accrued charges and deferred income | 492/3 | €307 | €3,180 | +€2,873 | +935.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,813 | €32,038 | +€1,225 | +4.0% |
| Other operating charges | 640/8 | €837 | €2,757 | +€1,920 | +229.3% |
| Non-recurring operating charges | 66A | €274 | - | -€274 | |
| Gross operating margin | 9900 | €106,670 | €122,757 | +€16,087 | +15.1% |
| Operating profit (loss) | 9901 | €74,746 | €87,962 | +€13,216 | +17.7% |
| Financial income | 75/76B | €101 | €2 | -€99 | -98.0% |
| Recurring financial income | 75 | €101 | €2 | -€99 | -98.0% |
| Financial charges | 65/66B | €4,461 | €3,757 | -€705 | -15.8% |
| Recurring financial charges | 65 | €4,461 | €3,757 | -€705 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €70,385 | €84,207 | +€13,822 | +19.6% |
| Income taxes | 67/77 | €18,686 | €25,138 | +€6,452 | +34.5% |
| Profit (loss) for the period | 9904 | €51,699 | €59,069 | +€7,370 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,699 | €59,069 | +€7,370 | +14.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.