CHARLES DESITTER: 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.
What changed
CHARLES DESITTER
NACE 47.770, Retail sale of watches and jewellery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€91,508
2024 · €1.4m-€1.5m
Equity
€10.0m
2024 · €10.6m-€583,322
Cash
€1.1m
2024 · €1.7m-€588,276
Balance sheet total
€12.8m
2024 · €14.1m-€1.4m
Largest movements
Assets
- Financial fixed assets -€1.0m
down €1.0m (-97.5%), from €1.0m to €25,675
- Cash -€588,276
down €588,276 (-34.3%), from €1.7m to €1.1m
mainly Contributions, distributions and other (-€491,813) and Trade debts (-€339,148)
- Stocks and contracts +€294,543
up €294,543 (+3.2%), from €9.1m to €9.4m
Equity and liabilities
- Profit (loss) carried forward -€583,322
down €583,322 (-40.5%), from €1.4m to €858,316
- Trade debts -€339,148
down €339,148 (-28.0%), from €1.2m to €869,963
- Other debts -€263,245
down €263,245 (-23.3%), from €1.1m to €864,893
- Debts after one year -€153,640
down €153,640 (-16.1%), from €955,642 to €802,002
Income statement
- Turnover -€10.4m
no longer reported in 2025 (was €10.4m)
- Goods and materials -€6.4m
no longer reported in 2025 (was €6.4m)
of which Purchases: -€7.6m
- Gross operating margin +€1.9m
new in 2025: €1.9m
- Services and other goods -€1.7m
no longer reported in 2025 (was €1.7m)
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.
Result 2024
€1.4m
Turnover
-€10.4m
Other operating income
-€69,949
Goods and materials
+€6.4m
Services and other goods
+€1.7m
Staff costs
-€6,503
Depreciation
+€51,925
Write-downs
+€1,363
Other operating charges
-€30
Other operating items
+€860,423
Financial income
-€12,758
Financial charges
-€6,478
Taxes
+€46,224
Result 2025
-€91,508
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€937,512
Investment
+€987,201
Financing
-€637,964
Cash 2024
€1.7m
From operations (derived)
-€937,512
Net result for the year
-€91,508
Depreciation
+€104,742
Receivables after one year
-€9,444
Stocks and contracts
-€294,543
Receivables within one year
-€4,758
Deferred charges and accrued income
-€2,189
Trade debts
-€339,148
Tax, wage and social debts
-€43,111
Other debts
-€263,245
Accrued charges and deferred income
+€5,692
Investment (derived)
+€987,201
Investment in fixed assets (net)
+€987,201
Financing
-€637,964
Debts after one year
-€153,640
Current portion of long-term debt
+€7,489
Contributions, distributions and other
-€491,813
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,125,157 | €12,755,872 | -€1.4m | -9.7% |
| Fixed assets | 21/28 | €2,790,223 | €1,698,280 | -€1.1m | -39.1% |
| Intangible fixed assets | 21 | €22,110 | €20,554 | -€1,556 | -7.0% |
| Tangible fixed assets | 22/27 | €1,720,286 | €1,652,051 | -€68,235 | -4.0% |
| Land and buildings | 22 | €1,671,405 | €1,612,691 | -€58,715 | -3.5% |
| Plant, machinery and equipment | 23 | €81 | €27 | -€53 | -66.2% |
| Furniture and vehicles | 24 | €48,800 | €39,333 | -€9,467 | -19.4% |
| Financial fixed assets | 28 | €1,047,827 | €25,675 | -€1.0m | -97.5% |
| Other financial fixed assets | 284/8 | €1,047,827 | - | -€1.0m | |
| Amounts receivable and cash guarantees | 285/8 | €1,047,827 | - | -€1.0m | |
| Current assets | 29/58 | €11,334,935 | €11,057,593 | -€277,342 | -2.4% |
| Amounts receivable after more than one year | 29 | €216,820 | €226,264 | +€9,444 | +4.4% |
| Other amounts receivable | 291 | €216,820 | €226,264 | +€9,444 | +4.4% |
| Stocks and contracts in progress | 3 | €9,126,673 | €9,421,216 | +€294,543 | +3.2% |
| Stocks | 30/36 | €9,126,673 | €9,421,216 | +€294,543 | +3.2% |
| Goods purchased for resale | 34 | €9,126,673 | - | -€9.1m | |
| Amounts receivable within one year | 40/41 | €264,077 | €268,835 | +€4,758 | +1.8% |
| Trade receivables | 40 | €264,022 | €152,644 | -€111,377 | -42.2% |
| Other amounts receivable | 41 | €55 | €116,190 | +€116,135 | +211,194% |
| Cash at bank and in hand | 54/58 | €1,717,584 | €1,129,309 | -€588,276 | -34.3% |
| Deferred charges and accrued income | 490/1 | €9,780 | €11,969 | +€2,189 | +22.4% |
| Total equity and liabilities | 10/49 | €14,125,157 | €12,755,872 | -€1.4m | -9.7% |
| Equity | 10/15 | €10,569,447 | €9,986,126 | -€583,322 | -5.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €9,027,810 | €9,027,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €9,017,810 | €9,017,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,441,638 | €858,316 | -€583,322 | -40.5% |
| Amounts payable | 17/49 | €3,555,710 | €2,769,747 | -€785,963 | -22.1% |
| Amounts payable after more than one year | 17 | €955,642 | €802,002 | -€153,640 | -16.1% |
| Financial debts | 170/4 | €955,642 | €802,002 | -€153,640 | -16.1% |
| Credit institutions | 173 | €955,642 | - | -€955,642 | |
| Amounts payable within one year | 42/48 | €2,578,074 | €1,940,059 | -€638,015 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €146,151 | €153,640 | +€7,489 | +5.1% |
| Trade debts | 44 | €1,209,111 | €869,963 | -€339,148 | -28.0% |
| Suppliers | 440/4 | €1,209,111 | €869,963 | -€339,148 | -28.0% |
| Taxes, remuneration and social security | 45 | €94,674 | €51,562 | -€43,111 | -45.5% |
| Taxes | 450/3 | €43,468 | €5,660 | -€37,808 | -87.0% |
| Remuneration and social security | 454/9 | €51,206 | €45,902 | -€5,304 | -10.4% |
| Other amounts payable | 47/48 | €1,128,138 | €864,893 | -€263,245 | -23.3% |
| Accrued charges and deferred income | 492/3 | €21,994 | €27,686 | +€5,692 | +25.9% |
| Operating income | 70/76A | €10,495,675 | - | -€10.5m | |
| Turnover | 70 | €10,425,727 | - | -€10.4m | |
| Other operating income | 74 | €69,949 | - | -€69,949 | |
| Operating charges | 60/66A | €8,790,189 | - | -€8.8m | |
| Goods for resale, raw materials and consumables | 60 | €6,361,809 | - | -€6.4m | |
| Purchases | 600/8 | €7,621,972 | - | -€7.6m | |
| Change in stocks: decrease (increase) | 609 | -€1,260,163 | - | +€1.3m | |
| Services and other goods | 61 | €1,744,363 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €462,858 | €469,361 | +€6,503 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,667 | €104,742 | -€51,925 | -33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,163 | €60,800 | -€1,363 | -2.2% |
| Other operating charges | 640/8 | €2,330 | €2,360 | +€30 | +1.3% |
| Non-recurring operating charges | 66A | - | €998,224 | +€998,224 | |
| Gross operating margin | 9900 | - | €1,858,647 | +€1.9m | |
| Operating profit (loss) | 9901 | €1,705,486 | €223,160 | -€1.5m | -86.9% |
| Financial income | 75/76B | €29,274 | €16,515 | -€12,758 | -43.6% |
| Recurring financial income | 75 | €29,274 | €16,515 | -€12,758 | -43.6% |
| Income from current assets | 751 | €12,783 | - | -€12,783 | |
| Other financial income | 752/9 | €16,491 | - | -€16,491 | |
| Financial charges | 65/66B | €49,571 | €56,049 | +€6,478 | +13.1% |
| Recurring financial charges | 65 | €49,571 | €56,049 | +€6,478 | +13.1% |
| Debt charges | 650 | €28,563 | - | -€28,563 | |
| Other financial charges | 652/9 | €21,008 | - | -€21,008 | |
| Profit (loss) for the period before taxes | 9903 | €1,685,189 | €183,627 | -€1.5m | -89.1% |
| Income taxes | 67/77 | €321,359 | €275,135 | -€46,224 | -14.4% |
| Taxes | 670/3 | €321,359 | - | -€321,359 | |
| Profit (loss) for the period | 9904 | €1,363,830 | -€91,508 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,363,830 | -€91,508 | -€1.5m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.