LES ARTISANS COIFFEURS: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2024 and 2025
Largest movements
- Tangible fixed assets -€4,565
down €4,565 (-52.4%), from €8,705 to €4,140
of which Furniture and vehicles: -€4,439
- Receivables within one year +€1,865
up €1,865 (+54.8%), from €3,400 to €5,265
of which Trade receivables: +€2,343
- Deferred charges and accrued income +€1,216
up €1,216 (+103%), from €1,177 to €2,393
- Stocks and contracts -€981
down €981 (-11.3%), from €8,716 to €7,734
- Other debts -€5,742
down €5,742 (-73.7%), from €7,787 to €2,045
- Trade debts +€5,336
new in 2025: €5,336
- Tax, wage and social debts -€3,117
down €3,117 (-34.3%), from €9,100 to €5,982
of which Taxes: -€7,477
- Profit (loss) carried forward +€1,108
up €1,108 (+3.4%), from €32,435 to €33,543
- Staff costs -€6,194
down €6,194 (-8.0%), from €77,211 to €71,017
- Gross operating margin -€4,584
down €4,584 (-5.5%), from €83,409 to €78,826
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,822 | €69,406 | -€2,416 | -3.4% |
| Fixed assets | 21/28 | €8,705 | €4,140 | -€4,565 | -52.4% |
| Tangible fixed assets | 22/27 | €8,705 | €4,140 | -€4,565 | -52.4% |
| Plant, machinery and equipment | 23 | €2,592 | €1,849 | -€743 | -28.7% |
| Furniture and vehicles | 24 | €5,804 | €1,365 | -€4,439 | -76.5% |
| Leasing and similar rights | 25 | €309 | €926 | +€617 | +200% |
| Current assets | 29/58 | €63,117 | €65,266 | +€2,149 | +3.4% |
| Stocks and contracts in progress | 3 | €8,716 | €7,734 | -€981 | -11.3% |
| Stocks | 30/36 | €8,716 | €7,734 | -€981 | -11.3% |
| Amounts receivable within one year | 40/41 | €3,400 | €5,265 | +€1,865 | +54.8% |
| Trade receivables | 40 | €400 | €2,743 | +€2,343 | +586% |
| Other amounts receivable | 41 | €3,000 | €2,522 | -€478 | -15.9% |
| Cash at bank and in hand | 54/58 | €49,825 | €49,874 | +€49 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,177 | €2,393 | +€1,216 | +103% |
| Total equity and liabilities | 10/49 | €71,822 | €69,406 | -€2,416 | -3.4% |
| Equity | 10/15 | €54,935 | €56,043 | +€1,108 | +2.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | - | €12,000 | +€12,000 | |
| Issued capital | 100 | - | €22,000 | +€22,000 | |
| Uncalled capital | 101 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,435 | €33,543 | +€1,108 | +3.4% |
| Amounts payable | 17/49 | €16,887 | €13,363 | -€3,523 | -20.9% |
| Amounts payable within one year | 42/48 | €16,887 | €13,363 | -€3,523 | -20.9% |
| Trade debts | 44 | - | €5,336 | +€5,336 | |
| Suppliers | 440/4 | - | €5,336 | +€5,336 | |
| Taxes, remuneration and social security | 45 | €9,100 | €5,982 | -€3,117 | -34.3% |
| Taxes | 450/3 | €9,100 | €1,623 | -€7,477 | -82.2% |
| Remuneration and social security | 454/9 | - | €4,359 | +€4,359 | |
| Other amounts payable | 47/48 | €7,787 | €2,045 | -€5,742 | -73.7% |
| Remuneration, social security and pensions | 62 | €77,211 | €71,017 | -€6,194 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,497 | €5,473 | -€24 | -0.4% |
| Other operating charges | 640/8 | €348 | €749 | +€402 | +116% |
| Gross operating margin | 9900 | €83,409 | €78,826 | -€4,584 | -5.5% |
| Operating profit (loss) | 9901 | €354 | €1,587 | +€1,233 | +348% |
| Financial income | 75/76B | €79 | €199 | +€120 | +151% |
| Recurring financial income | 75 | €79 | €199 | +€120 | +151% |
| Financial charges | 65/66B | €123 | €210 | +€87 | +71.1% |
| Recurring financial charges | 65 | €123 | €210 | +€87 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €310 | €1,576 | +€1,265 | +408% |
| Income taxes | 67/77 | €164 | €468 | +€304 | +185% |
| Profit (loss) for the period | 9904 | €146 | €1,108 | +€961 | +658% |
| Profit (loss) for the period to be appropriated | 9905 | €146 | €1,108 | +€961 | +658% |
Value
latest balance sheet 31-12-2025 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €34,942 · 50% capitalised earnings, 50% adjusted equity
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
Worked out with Checked's starting values, not your estimate and not market data. Change the assumptions: the value follows.
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- €56,043
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- €56,043
Capitalised earnings
- 2025
- €1,108
- 2024
- €146
- 2023
- €3,729
- 2022
- €7,082
- 2021
- €9,888
- Average result, excluding non-recurring income and charges
- €1,661
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- €11,864 / €13,842 / €16,610
Your EBITDA multiple
- EBITDA 2025
- €7,059
- Net financial debt
- -€49,874
- Your multiple
- -
- Value with your multiple
- -
These accounts do not break down the debts after one year. They count in full as financial debt.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The result is not corrected for the manager's pay. If the company pays less or more than a market salary, the capitalised earnings are too high or too low.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 15 November 2026 via checked.be.