Pierre CHAPELIER: 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.
Pierre CHAPELIER
Largest movements
- Current investments +€100,000
up €100,000 (+38.6%), from €259,335 to €359,335
- Cash -€31,547
down €31,547 (-49.7%), from €63,459 to €31,912
mainly Contributions, distributions and other (-€171,000) and Current investments (-€100,000)
- Tangible fixed assets -€11,068
down €11,068 (-67.3%), from €16,446 to €5,378
of which Furniture and vehicles: -€12,225
- Other debts +€117,006
up €117,006 (+201%), from €58,128 to €175,134
- Reserves -€53,000
down €53,000 (-16.0%), from €330,855 to €277,855
of which Distributable reserves: -€53,000
- Trade debts -€14,545
down €14,545 (-37.5%), from €38,815 to €24,270
- Tax, wage and social debts +€8,735
up €8,735 (+44.5%), from €19,626 to €28,361
of which Taxes: +€6,069
- Depreciation -€9,174
down €9,174 (-82.6%), from €11,113 to €1,939
- Taxes +€5,297
up €5,297 (+11.5%), from €46,009 to €51,307
- Financial income +€2,106
up €2,106 (+48.7%), from €4,327 to €6,432
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 | €460,426 | €518,911 | +€58,485 | +12.7% |
| Fixed assets | 21/28 | €84,376 | €73,308 | -€11,068 | -13.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,446 | €5,378 | -€11,068 | -67.3% |
| Furniture and vehicles | 24 | €16,209 | €3,983 | -€12,225 | -75.4% |
| Other tangible fixed assets | 26 | €238 | €1,395 | +€1,157 | +487% |
| Financial fixed assets | 28 | €67,930 | €67,930 | = | 0.0% |
| Current assets | 29/58 | €376,050 | €445,603 | +€69,553 | +18.5% |
| Amounts receivable within one year | 40/41 | €53,256 | €54,357 | +€1,100 | +2.1% |
| Trade receivables | 40 | €51,696 | €54,357 | +€2,661 | +5.1% |
| Other amounts receivable | 41 | €1,561 | - | -€1,561 | |
| Current investments | 50/53 | €259,335 | €359,335 | +€100,000 | +38.6% |
| Cash at bank and in hand | 54/58 | €63,459 | €31,912 | -€31,547 | -49.7% |
| Total equity and liabilities | 10/49 | €460,426 | €518,911 | +€58,485 | +12.7% |
| Equity | 10/15 | €343,637 | €291,146 | -€52,491 | -15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €330,855 | €277,855 | -€53,000 | -16.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €329,000 | €276,000 | -€53,000 | -16.1% |
| Profit (loss) carried forward | 14 | €382 | €891 | +€509 | +133% |
| Amounts payable | 17/49 | €116,789 | €227,765 | +€110,976 | +95.0% |
| Amounts payable within one year | 42/48 | €116,569 | €227,765 | +€111,196 | +95.4% |
| Trade debts | 44 | €38,815 | €24,270 | -€14,545 | -37.5% |
| Suppliers | 440/4 | €38,815 | €24,270 | -€14,545 | -37.5% |
| Taxes, remuneration and social security | 45 | €19,626 | €28,361 | +€8,735 | +44.5% |
| Taxes | 450/3 | €19,626 | €25,694 | +€6,069 | +30.9% |
| Remuneration and social security | 454/9 | €0 | €2,666 | +€2,666 | |
| Other amounts payable | 47/48 | €58,128 | €175,134 | +€117,006 | +201% |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,113 | €1,939 | -€9,174 | -82.6% |
| Other operating charges | 640/8 | €967 | €630 | -€336 | -34.8% |
| Gross operating margin | 9900 | €164,597 | €166,077 | +€1,480 | +0.9% |
| Operating profit (loss) | 9901 | €152,517 | €163,507 | +€10,990 | +7.2% |
| Financial income | 75/76B | €4,327 | €6,432 | +€2,106 | +48.7% |
| Recurring financial income | 75 | €4,327 | €6,432 | +€2,106 | +48.7% |
| Financial charges | 65/66B | €191 | €124 | -€68 | -35.3% |
| Recurring financial charges | 65 | €191 | €124 | -€68 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €156,653 | €169,816 | +€13,163 | +8.4% |
| Income taxes | 67/77 | €46,009 | €51,307 | +€5,297 | +11.5% |
| Profit (loss) for the period | 9904 | €110,644 | €118,509 | +€7,866 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,644 | €118,509 | +€7,866 | +7.1% |
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 18 October 2026 via checked.be.