Chassis Pieret Stephane: 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.
Chassis Pieret Stephane
Largest movements
- Cash +€80,698
up €80,698 (+116%), from €69,706 to €150,404
mainly Depreciation (+€73,224) and Receivables within one year (+€43,853)
- Tangible fixed assets -€73,224
down €73,224 (-14.8%), from €495,195 to €421,971
- Receivables within one year -€43,853
down €43,853 (-63.4%), from €69,209 to €25,356
of which Trade receivables: -€45,431
- Stocks and contracts -€13,109
down €13,109 (-36.9%), from €35,534 to €22,425
- Reserves -€50,000
down €50,000 (-13.7%), from €364,685 to €314,685
- Other debts +€42,964
up €42,964 (+269%), from €15,950 to €58,913
- Profit (loss) carried forward +€38,437
up €38,437 (+121%), from €31,843 to €70,280
- Debts after one year -€33,816
down €33,816 (-29.9%), from €112,995 to €79,180
of which Financial debts: -€33,816
- Trade debts -€32,400
down €32,400 (-72.1%), from €44,961 to €12,562
- Gross operating margin +€35,388
up €35,388 (+16.4%), from €215,638 to €251,026
- Staff costs -€25,065
down €25,065 (-18.4%), from €135,968 to €110,903
- Taxes +€9,411
up €9,411, from €0 to €9,411
- Depreciation +€5,976
up €5,976 (+8.9%), from €67,248 to €73,224
- Financial income +€3,615
up €3,615 (+350%), from €1,032 to €4,647
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 | €685,039 | €633,229 | -€51,810 | -7.6% |
| Fixed assets | 21/28 | €499,600 | €426,376 | -€73,224 | -14.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €495,195 | €421,971 | -€73,224 | -14.8% |
| Land and buildings | 22 | €323,591 | €288,269 | -€35,321 | -10.9% |
| Plant, machinery and equipment | 23 | €95,764 | €81,227 | -€14,537 | -15.2% |
| Furniture and vehicles | 24 | €75,840 | €52,475 | -€23,365 | -30.8% |
| Financial fixed assets | 28 | €4,405 | €4,405 | = | 0.0% |
| Current assets | 29/58 | €185,439 | €206,853 | +€21,414 | +11.5% |
| Stocks and contracts in progress | 3 | €35,534 | €22,425 | -€13,109 | -36.9% |
| Stocks | 30/36 | €35,534 | €22,425 | -€13,109 | -36.9% |
| Amounts receivable within one year | 40/41 | €69,209 | €25,356 | -€43,853 | -63.4% |
| Trade receivables | 40 | €55,776 | €10,345 | -€45,431 | -81.5% |
| Other amounts receivable | 41 | €13,433 | €15,011 | +€1,578 | +11.7% |
| Cash at bank and in hand | 54/58 | €69,706 | €150,404 | +€80,698 | +116% |
| Deferred charges and accrued income | 490/1 | €10,990 | €8,668 | -€2,321 | -21.1% |
| Total equity and liabilities | 10/49 | €685,039 | €633,229 | -€51,810 | -7.6% |
| Equity | 10/15 | €423,271 | €410,676 | -€12,595 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €364,685 | €314,685 | -€50,000 | -13.7% |
| Distributable reserves | 133 | €364,685 | €314,685 | -€50,000 | -13.7% |
| Profit (loss) carried forward | 14 | €31,843 | €70,280 | +€38,437 | +121% |
| Investment grants | 15 | €8,151 | €7,119 | -€1,032 | -12.7% |
| Amounts payable | 17/49 | €261,769 | €222,554 | -€39,215 | -15.0% |
| Amounts payable after more than one year | 17 | €112,995 | €79,180 | -€33,816 | -29.9% |
| Financial debts | 170/4 | €111,645 | €77,830 | -€33,816 | -30.3% |
| Other amounts payable | 178/9 | €1,350 | €1,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148,773 | €143,374 | -€5,399 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €40,427 | €33,816 | -€6,612 | -16.4% |
| Trade debts | 44 | €44,961 | €12,562 | -€32,400 | -72.1% |
| Suppliers | 440/4 | €44,961 | €12,562 | -€32,400 | -72.1% |
| Advances received on contracts in progress | 46 | €31,921 | €24,102 | -€7,819 | -24.5% |
| Taxes, remuneration and social security | 45 | €15,514 | €13,981 | -€1,533 | -9.9% |
| Taxes | 450/3 | €3,432 | €13,849 | +€10,418 | +304% |
| Remuneration and social security | 454/9 | €12,082 | €132 | -€11,950 | -98.9% |
| Other amounts payable | 47/48 | €15,950 | €58,913 | +€42,964 | +269% |
| Non-recurring operating income | 76A | €2,464 | €12,000 | +€9,536 | +387% |
| Remuneration, social security and pensions | 62 | €135,968 | €110,903 | -€25,065 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,248 | €73,224 | +€5,976 | +8.9% |
| Other operating charges | 640/8 | €18,726 | €19,757 | +€1,031 | +5.5% |
| Gross operating margin | 9900 | €215,638 | €251,026 | +€35,388 | +16.4% |
| Operating profit (loss) | 9901 | -€6,304 | €47,142 | +€53,446 | |
| Financial income | 75/76B | €1,032 | €4,647 | +€3,615 | +350% |
| Recurring financial income | 75 | €1,032 | €4,647 | +€3,615 | +350% |
| Financial charges | 65/66B | €4,021 | €3,940 | -€81 | -2.0% |
| Recurring financial charges | 65 | €4,021 | €3,940 | -€81 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,293 | €47,848 | +€57,141 | |
| Income taxes | 67/77 | €0 | €9,411 | +€9,411 | |
| Profit (loss) for the period | 9904 | -€9,293 | €38,437 | +€47,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,293 | €38,437 | +€47,730 |
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.