ESPACE CHASSART: 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
ESPACE CHASSART
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€381,995
31-12-2024 · €419,066-€37,070
Equity
€3.2m
31-12-2024 · €3.1m+€108,699
Cash
€478,465
31-12-2024 · €814,554-€336,089
Balance sheet total
€6.0m
31-12-2024 · €6.1m-€96,006
Largest movements
Assets
- Tangible fixed assets +€345,761
up €345,761 (+26.4%), from €1.3m to €1.7m
of which Assets under construction and advance payments: +€544,017
- Cash -€336,089
down €336,089 (-41.3%), from €814,554 to €478,465
mainly Investment in fixed assets (net) (-€556,525) and Debts after one year (-€309,185)
Equity and liabilities
- Debts after one year -€309,185
down €309,185 (-15.9%), from €1.9m to €1.6m
- Profit (loss) carried forward +€242,505
up €242,505 (+10.9%), from €2.2m to €2.5m
- Reserves -€130,510
down €130,510 (-26.0%), from €501,290 to €370,780
of which Tax-exempt reserves: -€130,510
- Trade debts +€112,503
up €112,503 (+35.4%), from €317,424 to €429,927
Income statement
- Financial income -€202,252
down €202,252 (-57.6%), from €351,313 to €149,061
of which Financial income: -€152,252
- Gross operating margin +€185,890
up €185,890 (+10.8%), from €1.7m to €1.9m
- Financial charges -€121,490
down €121,490 (-63.9%), from €190,225 to €68,735
of which Non-recurring financial charges: -€124,160
- Staff costs +€63,702
up €63,702 (+5.9%), from €1.1m to €1.1m
- Taxes +€30,372
up €30,372 (+36.8%), from €82,599 to €112,971
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€419,066
Gross operating margin
+€185,890
Staff costs
-€63,702
Depreciation
+€6,601
Write-downs
-€24,896
Other operating charges
-€2,710
Other operating items
-€27,119
Financial income
-€202,252
Financial charges
+€121,490
Taxes
-€30,372
Result 31-12-2025
€381,995
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€822,269
Investment
-€556,525
Financing
-€601,833
Cash 31-12-2024
€814,554
From operations (derived)
+€822,269
Net result for the year
+€381,995
Depreciation
+€226,383
Stocks and contracts
+€24,858
Receivables within one year
+€49,147
Deferred charges and accrued income
+€16,054
Trade debts
+€112,503
Tax, wage and social debts
-€17,970
Advances received
-€8,828
Other debts
+€31,000
Accrued charges and deferred income
+€7,127
Investment (derived)
-€556,525
Investment in fixed assets (net)
-€556,525
Financing
-€601,833
Debts after one year
-€309,185
Current portion of long-term debt
-€19,352
Contributions, distributions and other
-€273,296
Cash 31-12-2025
€478,465
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,125,739 | €6,029,733 | -€96,006 | -1.6% |
| Fixed assets | 21/28 | €1,582,898 | €1,913,039 | +€330,142 | +20.9% |
| Intangible fixed assets | 21 | €54,666 | €39,047 | -€15,619 | -28.6% |
| Tangible fixed assets | 22/27 | €1,307,656 | €1,653,416 | +€345,761 | +26.4% |
| Land and buildings | 22 | €930,866 | €804,938 | -€125,928 | -13.5% |
| Plant, machinery and equipment | 23 | €353,477 | €282,637 | -€70,841 | -20.0% |
| Furniture and vehicles | 24 | €8,012 | €6,525 | -€1,487 | -18.6% |
| Assets under construction and advance payments | 27 | €15,300 | €559,317 | +€544,017 | +3,556% |
| Financial fixed assets | 28 | €220,576 | €220,576 | = | 0.0% |
| Current assets | 29/58 | €4,542,842 | €4,116,694 | -€426,148 | -9.4% |
| Stocks and contracts in progress | 3 | €1,768,722 | €1,743,864 | -€24,858 | -1.4% |
| Stocks | 30/36 | €1,768,722 | €1,743,864 | -€24,858 | -1.4% |
| Amounts receivable within one year | 40/41 | €344,289 | €295,142 | -€49,147 | -14.3% |
| Trade receivables | 40 | €318,476 | €292,608 | -€25,868 | -8.1% |
| Other amounts receivable | 41 | €25,813 | €2,534 | -€23,279 | -90.2% |
| Current investments | 50/53 | €1,500,000 | €1,500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €814,554 | €478,465 | -€336,089 | -41.3% |
| Deferred charges and accrued income | 490/1 | €115,277 | €99,223 | -€16,054 | -13.9% |
| Total equity and liabilities | 10/49 | €6,125,739 | €6,029,733 | -€96,006 | -1.6% |
| Equity | 10/15 | €3,101,946 | €3,210,645 | +€108,699 | +3.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €501,290 | €370,780 | -€130,510 | -26.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €416,790 | €286,280 | -€130,510 | -31.3% |
| Distributable reserves | 133 | €49,500 | €49,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,231,537 | €2,474,042 | +€242,505 | +10.9% |
| Investment grants | 15 | €19,119 | €15,823 | -€3,296 | -17.2% |
| Amounts payable | 17/49 | €3,023,793 | €2,819,088 | -€204,705 | -6.8% |
| Amounts payable after more than one year | 17 | €1,941,672 | €1,632,486 | -€309,185 | -15.9% |
| Financial debts | 170/4 | €1,941,672 | €1,632,486 | -€309,185 | -15.9% |
| Amounts payable within one year | 42/48 | €1,081,363 | €1,178,717 | +€97,354 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €330,294 | €310,942 | -€19,352 | -5.9% |
| Trade debts | 44 | €317,424 | €429,927 | +€112,503 | +35.4% |
| Suppliers | 440/4 | €317,424 | €429,927 | +€112,503 | +35.4% |
| Advances received on contracts in progress | 46 | €14,091 | €5,264 | -€8,828 | -62.6% |
| Taxes, remuneration and social security | 45 | €180,554 | €162,584 | -€17,970 | -10.0% |
| Taxes | 450/3 | €35,393 | €34,467 | -€925 | -2.6% |
| Remuneration and social security | 454/9 | €145,162 | €128,117 | -€17,045 | -11.7% |
| Other amounts payable | 47/48 | €239,000 | €270,000 | +€31,000 | +13.0% |
| Accrued charges and deferred income | 492/3 | €758 | €7,885 | +€7,127 | +940% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €1,074,733 | €1,138,435 | +€63,702 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,984 | €226,383 | -€6,601 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,329 | €46,225 | +€24,896 | +117% |
| Other operating charges | 640/8 | €52,908 | €55,618 | +€2,710 | +5.1% |
| Non-recurring operating charges | 66A | - | €27,119 | +€27,119 | |
| Gross operating margin | 9900 | €1,722,530 | €1,908,420 | +€185,890 | +10.8% |
| Operating profit (loss) | 9901 | €340,576 | €414,640 | +€74,064 | +21.7% |
| Financial income | 75/76B | €351,313 | €149,061 | -€202,252 | -57.6% |
| Recurring financial income | 75 | €301,313 | €149,061 | -€152,252 | -50.5% |
| Non-recurring financial income | 76B | €50,000 | - | -€50,000 | |
| Financial charges | 65/66B | €190,225 | €68,735 | -€121,490 | -63.9% |
| Recurring financial charges | 65 | €65,255 | €67,925 | +€2,670 | +4.1% |
| Non-recurring financial charges | 66B | €124,970 | €810 | -€124,160 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €501,665 | €494,966 | -€6,698 | -1.3% |
| Income taxes | 67/77 | €82,599 | €112,971 | +€30,372 | +36.8% |
| Profit (loss) for the period | 9904 | €419,066 | €381,995 | -€37,070 | -8.8% |
| Transfer from tax-exempt reserves | 789 | €88,410 | €164,190 | +€75,780 | +85.7% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €33,680 | -€71,570 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €402,226 | €512,505 | +€110,280 | +27.4% |
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 27 October 2026 via checked.be.