CHAZAL HOLD: 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
CHAZAL HOLD
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€153,327+€1.8m
Equity
€2.0m
2024 · €346,673+€1.6m
Cash
€5.1m
2024 · €3.0m+€2.1m
Balance sheet total
€14.0m
2024 · €12.1m+€1.9m
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+71.3%), from €3.0m to €5.1m
mainly Net result for the year (+€1.6m) and Depreciation (+€1.0m)
- Intangible fixed assets -€996,476
down €996,476 (-12.0%), from €8.3m to €7.3m
- Stocks and contracts +€416,832
up €416,832 (+62.8%), from €664,090 to €1.1m
- Tangible fixed assets +€264,178
new in 2025: €264,178
Equity and liabilities
- Profit (loss) carried forward +€1.6m
up €1.6m, from -€153,327 to €1.4m
- Debts after one year -€866,713
down €866,713 (-10.9%), from €7.9m to €7.1m
- Trade debts +€562,444
up €562,444 (+22.8%), from €2.5m to €3.0m
- Current portion of long-term debt +€307,482
up €307,482 (+55.0%), from €559,231 to €866,713
- Accrued charges and deferred income +€144,062
up €144,062 (+54.5%), from €264,375 to €408,437
Income statement
- Turnover +€14.1m
up €14.1m (+53.9%), from €26.2m to €40.3m
- Goods and materials +€9.0m
up €9.0m (+41.9%), from €21.5m to €30.6m
of which Purchases: +€8.8m
- Services and other goods +€1.5m
up €1.5m (+102%), from €1.5m to €3.0m
- Taxes +€541,293
up €541,293 (+937,304%), from €58 to €541,351
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
-€153,327
Turnover
+€14.1m
Other operating income
-€235,259
Goods and materials
-€9.0m
Services and other goods
-€1.5m
Staff costs
-€254,120
Depreciation
-€329,051
Other operating charges
-€215,739
Other operating items
-€12,600
Financial income
-€4,895
Financial charges
-€208,168
Taxes
-€541,293
Result 2025
€1.6m
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
+€3.0m
Investment
-€280,833
Financing
-€559,231
Cash 2024
€3.0m
From operations (derived)
+€3.0m
Net result for the year
+€1.6m
Depreciation
+€1.0m
Stocks and contracts
-€416,832
Receivables within one year
-€82,453
Deferred charges and accrued income
+€9,145
Trade debts
+€562,444
Tax, wage and social debts
+€87,283
Accrued charges and deferred income
+€144,062
Investment (derived)
-€280,833
Investment in fixed assets (net)
-€280,833
Financing
-€559,231
Debts after one year
-€866,713
Current portion of long-term debt
+€307,482
Cash 2025
€5.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,112,155 | €13,990,291 | +€1.9m | +15.5% |
| Fixed assets | 21/28 | €8,316,105 | €7,583,808 | -€732,298 | -8.8% |
| Intangible fixed assets | 21 | €8,315,920 | €7,319,444 | -€996,476 | -12.0% |
| Tangible fixed assets | 22/27 | - | €264,178 | +€264,178 | |
| Plant, machinery and equipment | 23 | - | €120,768 | +€120,768 | |
| Furniture and vehicles | 24 | - | €3,074 | +€3,074 | |
| Other tangible fixed assets | 26 | - | €21,266 | +€21,266 | |
| Assets under construction and advance payments | 27 | - | €119,070 | +€119,070 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Other financial fixed assets | 284/8 | €185 | €185 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €3,796,050 | €6,406,483 | +€2.6m | +68.8% |
| Stocks and contracts in progress | 3 | €664,090 | €1,080,923 | +€416,832 | +62.8% |
| Stocks | 30/36 | €664,090 | €1,080,923 | +€416,832 | +62.8% |
| Goods purchased for resale | 34 | €664,090 | €1,080,923 | +€416,832 | +62.8% |
| Amounts receivable within one year | 40/41 | €145,867 | €228,320 | +€82,453 | +56.5% |
| Trade receivables | 40 | €60,826 | €225,329 | +€164,503 | +270% |
| Other amounts receivable | 41 | €85,042 | €2,992 | -€82,050 | -96.5% |
| Cash at bank and in hand | 54/58 | €2,972,018 | €5,092,311 | +€2.1m | +71.3% |
| Deferred charges and accrued income | 490/1 | €14,074 | €4,929 | -€9,145 | -65.0% |
| Total equity and liabilities | 10/49 | €12,112,155 | €13,990,291 | +€1.9m | +15.5% |
| Equity | 10/15 | €346,673 | €1,990,250 | +€1.6m | +474% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Non-distributable reserves | 130/1 | - | €50,000 | +€50,000 | |
| Legal reserve | 130 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€153,327 | €1,440,250 | +€1.6m | |
| Amounts payable | 17/49 | €11,765,482 | €12,000,041 | +€234,558 | +2.0% |
| Amounts payable after more than one year | 17 | €7,940,769 | €7,074,057 | -€866,713 | -10.9% |
| Financial debts | 170/4 | €7,940,769 | €7,074,057 | -€866,713 | -10.9% |
| Subordinated loans | 170 | €900,000 | €900,000 | = | 0.0% |
| Credit institutions | 173 | €5,040,769 | €4,174,057 | -€866,713 | -17.2% |
| Other loans | 174 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,560,337 | €4,517,547 | +€957,209 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €559,231 | €866,713 | +€307,482 | +55.0% |
| Trade debts | 44 | €2,468,861 | €3,031,305 | +€562,444 | +22.8% |
| Suppliers | 440/4 | €2,468,861 | €3,031,305 | +€562,444 | +22.8% |
| Taxes, remuneration and social security | 45 | €525,121 | €612,404 | +€87,283 | +16.6% |
| Taxes | 450/3 | €95,111 | €214,955 | +€119,844 | +126% |
| Remuneration and social security | 454/9 | €430,010 | €397,450 | -€32,561 | -7.6% |
| Other amounts payable | 47/48 | €7,125 | €7,125 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €264,375 | €408,437 | +€144,062 | +54.5% |
| Operating income | 70/76A | €27,006,444 | €40,898,298 | +€13.9m | +51.4% |
| Turnover | 70 | €26,214,698 | €40,341,810 | +€14.1m | +53.9% |
| Other operating income | 74 | €791,747 | €556,488 | -€235,259 | -29.7% |
| Operating charges | 60/66A | €26,933,000 | €38,273,593 | +€11.3m | +42.1% |
| Goods for resale, raw materials and consumables | 60 | €21,528,191 | €30,557,310 | +€9.0m | +41.9% |
| Purchases | 600/8 | €22,192,281 | €30,981,265 | +€8.8m | +39.6% |
| Change in stocks: decrease (increase) | 609 | -€664,090 | -€423,955 | +€240,135 | +36.2% |
| Services and other goods | 61 | €1,474,480 | €2,974,446 | +€1.5m | +102% |
| Remuneration, social security and pensions | 62 | €3,240,374 | €3,494,493 | +€254,120 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684,080 | €1,013,131 | +€329,051 | +48.1% |
| Other operating charges | 640/8 | €5,875 | €221,614 | +€215,739 | +3,672% |
| Non-recurring operating charges | 66A | - | €12,600 | +€12,600 | |
| Operating profit (loss) | 9901 | €73,445 | €2,624,705 | +€2.6m | +3,474% |
| Financial income | 75/76B | €4,895 | - | -€4,895 | |
| Recurring financial income | 75 | €4,895 | - | -€4,895 | |
| Other financial income | 752/9 | €4,895 | - | -€4,895 | |
| Financial charges | 65/66B | €231,609 | €439,777 | +€208,168 | +89.9% |
| Recurring financial charges | 65 | €231,609 | €439,777 | +€208,168 | +89.9% |
| Debt charges | 650 | €228,705 | €329,828 | +€101,123 | +44.2% |
| Other financial charges | 652/9 | €2,904 | €109,949 | +€107,045 | +3,686% |
| Profit (loss) for the period before taxes | 9903 | -€153,269 | €2,184,928 | +€2.3m | |
| Income taxes | 67/77 | €58 | €541,351 | +€541,293 | +937,304% |
| Taxes | 670/3 | €58 | €541,351 | +€541,293 | +937,304% |
| Profit (loss) for the period | 9904 | -€153,327 | €1,643,577 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,327 | €1,643,577 | +€1.8m |
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 24 October 2026 via checked.be.