Madame Chanel: 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.
Madame Chanel
Largest movements
- Tangible fixed assets -€31,679
down €31,679 (-14.3%), from €222,245 to €190,565
of which Other tangible fixed assets: -€16,331
- Receivables within one year +€27,566
up €27,566 (+540%), from €5,109 to €32,675
- Cash +€5,810
up €5,810 (+410%), from €1,418 to €7,228
mainly Depreciation (+€39,005) and Other debts (+€21,768)
- Debts after one year -€26,649
down €26,649 (-29.2%), from €91,122 to €64,473
- Other debts +€21,768
up €21,768 (+29.6%), from €73,573 to €95,341
- Profit (loss) carried forward -€11,406
down €11,406 (-27.0%), from -€42,280 to -€53,686
- Trade debts +€10,846
up €10,846 (+15.6%), from €69,500 to €80,347
- Current portion of long-term debt +€2,924
up €2,924 (+11.5%), from €25,490 to €28,415
- Gross operating margin +€28,762
up €28,762 (+32.7%), from €87,900 to €116,662
- Staff costs -€7,900
down €7,900 (-9.4%), from €84,406 to €76,506
- Depreciation +€7,772
up €7,772 (+24.9%), from €31,232 to €39,005
- Financial charges -€2,945
down €2,945 (-28.6%), from €10,307 to €7,362
- Financial income -€1,223
down €1,223 (-100.0%), from €1,224 to €0
of which Non-recurring financial income: -€1,200
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 | €244,583 | €242,417 | -€2,166 | -0.9% |
| Formation expenses | 20 | €800 | €605 | -€195 | -24.4% |
| Fixed assets | 21/28 | €226,636 | €193,886 | -€32,749 | -14.5% |
| Intangible fixed assets | 21 | €4,391 | €3,321 | -€1,070 | -24.4% |
| Tangible fixed assets | 22/27 | €222,245 | €190,565 | -€31,679 | -14.3% |
| Plant, machinery and equipment | 23 | €9,028 | €6,828 | -€2,200 | -24.4% |
| Furniture and vehicles | 24 | €108,370 | €95,222 | -€13,149 | -12.1% |
| Other tangible fixed assets | 26 | €104,846 | €88,516 | -€16,331 | -15.6% |
| Current assets | 29/58 | €17,148 | €47,925 | +€30,777 | +179% |
| Stocks and contracts in progress | 3 | €5,624 | €5,392 | -€232 | -4.1% |
| Stocks | 30/36 | €5,624 | €5,392 | -€232 | -4.1% |
| Amounts receivable within one year | 40/41 | €5,109 | €32,675 | +€27,566 | +540% |
| Trade receivables | 40 | €5,109 | €32,675 | +€27,566 | +540% |
| Cash at bank and in hand | 54/58 | €1,418 | €7,228 | +€5,810 | +410% |
| Deferred charges and accrued income | 490/1 | €4,997 | €2,630 | -€2,367 | -47.4% |
| Total equity and liabilities | 10/49 | €244,583 | €242,417 | -€2,166 | -0.9% |
| Equity | 10/15 | -€32,280 | -€43,686 | -€11,406 | -35.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,280 | -€53,686 | -€11,406 | -27.0% |
| Amounts payable | 17/49 | €276,863 | €286,103 | +€9,240 | +3.3% |
| Amounts payable after more than one year | 17 | €91,122 | €64,473 | -€26,649 | -29.2% |
| Financial debts | 170/4 | €91,122 | €64,473 | -€26,649 | -29.2% |
| Amounts payable within one year | 42/48 | €185,741 | €219,440 | +€33,699 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €25,490 | €28,415 | +€2,924 | +11.5% |
| Trade debts | 44 | €69,500 | €80,347 | +€10,846 | +15.6% |
| Suppliers | 440/4 | €69,500 | €80,347 | +€10,846 | +15.6% |
| Taxes, remuneration and social security | 45 | €17,177 | €15,338 | -€1,839 | -10.7% |
| Taxes | 450/3 | €9,337 | €5,776 | -€3,561 | -38.1% |
| Remuneration and social security | 454/9 | €7,840 | €9,562 | +€1,722 | +22.0% |
| Other amounts payable | 47/48 | €73,573 | €95,341 | +€21,768 | +29.6% |
| Accrued charges and deferred income | 492/3 | - | €2,190 | +€2,190 | |
| Non-recurring operating income | 76A | - | €79 | +€79 | |
| Remuneration, social security and pensions | 62 | €84,406 | €76,506 | -€7,900 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,232 | €39,005 | +€7,772 | +24.9% |
| Other operating charges | 640/8 | €5,458 | €5,196 | -€262 | -4.8% |
| Gross operating margin | 9900 | €87,900 | €116,662 | +€28,762 | +32.7% |
| Operating profit (loss) | 9901 | -€33,196 | -€4,045 | +€29,151 | +87.8% |
| Financial income | 75/76B | €1,224 | €0 | -€1,223 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€23 | -99.9% |
| Non-recurring financial income | 76B | €1,200 | - | -€1,200 | |
| Financial charges | 65/66B | €10,307 | €7,362 | -€2,945 | -28.6% |
| Recurring financial charges | 65 | €10,307 | €7,362 | -€2,945 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,280 | -€11,406 | +€30,873 | +73.0% |
| Profit (loss) for the period | 9904 | -€42,280 | -€11,406 | +€30,873 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,280 | -€11,406 | +€30,873 | +73.0% |
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 22 October 2026 via checked.be.