MD CHEVREMONT: 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.
MD CHEVREMONT
Largest movements
- Receivables within one year -€107,350
down €107,350 (-36.3%), from €295,341 to €187,991
of which Trade receivables: -€124,778
- Stocks and contracts +€29,259
up €29,259 (+56.0%), from €52,246 to €81,505
- Intangible fixed assets -€26,500
down €26,500 (-12.7%), from €209,253 to €182,753
- Tangible fixed assets +€9,043
up €9,043 (+48.7%), from €18,552 to €27,594
of which Plant, machinery and equipment: +€7,459
- Advances received -€107,644
no longer reported in 2025 (was €107,644)
- Trade debts -€69,026
down €69,026 (-24.9%), from €277,136 to €208,110
- Tax, wage and social debts +€45,815
up €45,815 (+53.4%), from €85,748 to €131,563
of which Remuneration and social security: +€28,904
- Profit (loss) carried forward +€33,251
up €33,251 (+23.9%), from €139,050 to €172,302
- Gross operating margin -€98,187
down €98,187 (-18.2%), from €540,243 to €442,056
- Taxes -€24,747
down €24,747 (-52.4%), from €47,250 to €22,503
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 | €612,579 | €516,023 | -€96,556 | -15.8% |
| Fixed assets | 21/28 | €238,304 | €220,847 | -€17,457 | -7.3% |
| Intangible fixed assets | 21 | €209,253 | €182,753 | -€26,500 | -12.7% |
| Tangible fixed assets | 22/27 | €18,552 | €27,594 | +€9,043 | +48.7% |
| Plant, machinery and equipment | 23 | €15,014 | €22,473 | +€7,459 | +49.7% |
| Furniture and vehicles | 24 | €3,538 | €5,121 | +€1,583 | +44.8% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €374,274 | €295,176 | -€79,098 | -21.1% |
| Stocks and contracts in progress | 3 | €52,246 | €81,505 | +€29,259 | +56.0% |
| Stocks | 30/36 | €52,246 | €81,505 | +€29,259 | +56.0% |
| Amounts receivable within one year | 40/41 | €295,341 | €187,991 | -€107,350 | -36.3% |
| Trade receivables | 40 | €125,162 | €384 | -€124,778 | -99.7% |
| Other amounts receivable | 41 | €170,179 | €187,607 | +€17,427 | +10.2% |
| Cash at bank and in hand | 54/58 | €23,834 | €25,680 | +€1,846 | +7.7% |
| Deferred charges and accrued income | 490/1 | €2,853 | - | -€2,853 | |
| Total equity and liabilities | 10/49 | €612,579 | €516,023 | -€96,556 | -15.8% |
| Equity | 10/15 | €142,050 | €175,302 | +€33,251 | +23.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,050 | €172,302 | +€33,251 | +23.9% |
| Amounts payable | 17/49 | €470,528 | €340,721 | -€129,807 | -27.6% |
| Amounts payable within one year | 42/48 | €470,528 | €340,721 | -€129,807 | -27.6% |
| Financial debts | 43 | - | €737 | +€737 | |
| Other loans | 439 | - | €737 | +€737 | |
| Trade debts | 44 | €277,136 | €208,110 | -€69,026 | -24.9% |
| Suppliers | 440/4 | €277,136 | €208,110 | -€69,026 | -24.9% |
| Advances received on contracts in progress | 46 | €107,644 | - | -€107,644 | |
| Taxes, remuneration and social security | 45 | €85,748 | €131,563 | +€45,815 | +53.4% |
| Taxes | 450/3 | €70,702 | €87,613 | +€16,911 | +23.9% |
| Remuneration and social security | 454/9 | €15,046 | €43,950 | +€28,904 | +192% |
| Other amounts payable | 47/48 | - | €311 | +€311 | |
| Non-recurring operating income | 76A | - | €8,145 | +€8,145 | |
| Remuneration, social security and pensions | 62 | €315,215 | €317,609 | +€2,394 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,941 | €31,392 | +€1,451 | +4.8% |
| Other operating charges | 640/8 | €4,630 | €4,238 | -€391 | -8.5% |
| Non-recurring operating charges | 66A | €3,944 | €21,561 | +€17,617 | +447% |
| Gross operating margin | 9900 | €540,243 | €442,056 | -€98,187 | -18.2% |
| Operating profit (loss) | 9901 | €186,514 | €67,256 | -€119,257 | -63.9% |
| Financial income | 75/76B | €123 | €363 | +€241 | +196% |
| Recurring financial income | 75 | €123 | €363 | +€241 | +196% |
| Financial charges | 65/66B | €7,110 | €11,866 | +€4,756 | +66.9% |
| Recurring financial charges | 65 | €7,110 | €11,866 | +€4,756 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €179,527 | €55,754 | -€123,773 | -68.9% |
| Income taxes | 67/77 | €47,250 | €22,503 | -€24,747 | -52.4% |
| Profit (loss) for the period | 9904 | €132,277 | €33,251 | -€99,025 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €132,277 | €33,251 | -€99,025 | -74.9% |
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 16 October 2026 via checked.be.