ESSORINVEST: 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
ESSORINVEST
NACE 47.770, Retail sale of watches and jewellery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€391,632
2024 · -€13,462-€378,170
Equity
-€370,173
2024 · €39,459-€409,632
Cash
€11,581
2024 · €567+€11,014
Balance sheet total
€1.1m
2024 · €1.5m-€404,905
Largest movements
Assets
- Tangible fixed assets -€409,059
down €409,059 (-27.4%), from €1.5m to €1.1m
of which Land and buildings: -€401,413
Equity and liabilities
- Profit (loss) carried forward -€460,212
down €460,212 (-2,042%), from -€22,541 to -€482,753
- Reserves +€50,580
new in 2025: €50,580
- Trade debts -€21,838
down €21,838 (-26.3%), from €83,099 to €61,261
- Other debts +€18,000
new in 2025: €18,000
- Provisions +€16,860
new in 2025: €16,860
Income statement
- Taxes +€484,987
up €484,987 (+16,113%), from €3,010 to €487,997
- Gross operating margin +€114,755
up €114,755 (+248%), from €46,236 to €160,991
- Depreciation -€7,706
down €7,706 (-19.7%), from €39,205 to €31,499
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
-€13,462
Gross operating margin
+€114,755
Depreciation
+€7,706
Other operating charges
+€1,132
Financial income
-€93
Financial charges
+€177
Taxes
-€484,987
Deferred taxes and other
-€16,860
Result 2025
-€391,632
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
-€339,821
Investment
+€377,560
Financing
-€26,725
Cash 2024
€567
From operations (derived)
-€339,821
Net result for the year
-€391,632
Depreciation
+€31,499
Smaller working-capital items
-€102
Receivables within one year
+€7,392
Provisions
+€16,860
Trade debts
-€21,838
Other debts
+€18,000
Investment (derived)
+€377,560
Investment in fixed assets (net)
+€377,560
Financing
-€26,725
Debts after one year
-€10,430
Current portion of long-term debt
+€1,705
Contributions, distributions and other
-€18,000
Cash 2025
€11,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,545,601 | €1,140,696 | -€404,905 | -26.2% |
| Fixed assets | 21/28 | €1,496,542 | €1,087,483 | -€409,059 | -27.3% |
| Tangible fixed assets | 22/27 | €1,493,747 | €1,084,688 | -€409,059 | -27.4% |
| Land and buildings | 22 | €1,452,987 | €1,051,574 | -€401,413 | -27.6% |
| Plant, machinery and equipment | 23 | €9,267 | €8,175 | -€1,092 | -11.8% |
| Furniture and vehicles | 24 | €31,493 | €24,939 | -€6,554 | -20.8% |
| Financial fixed assets | 28 | €2,795 | €2,795 | = | 0.0% |
| Current assets | 29/58 | €49,059 | €53,213 | +€4,154 | +8.5% |
| Stocks and contracts in progress | 3 | €38,653 | €39,080 | +€427 | +1.1% |
| Stocks | 30/36 | €38,653 | €39,080 | +€427 | +1.1% |
| Amounts receivable within one year | 40/41 | €8,329 | €937 | -€7,392 | -88.8% |
| Other amounts receivable | 41 | €8,329 | €937 | -€7,392 | -88.8% |
| Cash at bank and in hand | 54/58 | €567 | €11,581 | +€11,014 | +1,943% |
| Deferred charges and accrued income | 490/1 | €1,510 | €1,615 | +€105 | +7.0% |
| Total equity and liabilities | 10/49 | €1,545,601 | €1,140,696 | -€404,905 | -26.2% |
| Equity | 10/15 | €39,459 | -€370,173 | -€409,632 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €50,580 | +€50,580 | |
| Tax-exempt reserves | 132 | - | €50,580 | +€50,580 | |
| Profit (loss) carried forward | 14 | -€22,541 | -€482,753 | -€460,212 | -2,042% |
| Provisions and deferred taxes | 16 | - | €16,860 | +€16,860 | |
| Deferred taxes | 168 | - | €16,860 | +€16,860 | |
| Amounts payable | 17/49 | €1,506,142 | €1,494,009 | -€12,133 | -0.8% |
| Amounts payable after more than one year | 17 | €1,402,436 | €1,392,006 | -€10,430 | -0.7% |
| Financial debts | 170/4 | €1,402,436 | €1,392,006 | -€10,430 | -0.7% |
| Amounts payable within one year | 42/48 | €103,706 | €102,003 | -€1,703 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €15,989 | €17,694 | +€1,705 | +10.7% |
| Trade debts | 44 | €83,099 | €61,261 | -€21,838 | -26.3% |
| Suppliers | 440/4 | €83,099 | €61,261 | -€21,838 | -26.3% |
| Taxes, remuneration and social security | 45 | €4,618 | €5,048 | +€430 | +9.3% |
| Taxes | 450/3 | €4,618 | €5,048 | +€430 | +9.3% |
| Other amounts payable | 47/48 | - | €18,000 | +€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,205 | €31,499 | -€7,706 | -19.7% |
| Other operating charges | 640/8 | €13,047 | €11,915 | -€1,132 | -8.7% |
| Gross operating margin | 9900 | €46,236 | €160,991 | +€114,755 | +248% |
| Operating profit (loss) | 9901 | -€6,016 | €117,577 | +€123,593 | |
| Financial income | 75/76B | €93 | - | -€93 | |
| Recurring financial income | 75 | €93 | - | -€93 | |
| Financial charges | 65/66B | €4,529 | €4,352 | -€177 | -3.9% |
| Recurring financial charges | 65 | €4,529 | €4,352 | -€177 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,452 | €113,225 | +€123,677 | |
| Transfer to deferred taxes | 680 | - | €16,860 | +€16,860 | |
| Income taxes | 67/77 | €3,010 | €487,997 | +€484,987 | +16,113% |
| Profit (loss) for the period | 9904 | -€13,462 | -€391,632 | -€378,170 | -2,809% |
| Transfer to tax-exempt reserves | 689 | - | €50,580 | +€50,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,462 | -€442,212 | -€428,750 | -3,185% |
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 23 October 2026 via checked.be.