BJORN CHARPENTIER: what changed
BJORN CHARPENTIER
Largest movements
- Tangible fixed assets -€66,022
down €66,022 (-30.0%), from €220,164 to €154,142
of which Plant, machinery and equipment: -€65,465
- Receivables within one year -€45,510
down €45,510 (-67.3%), from €67,620 to €22,110
of which Other amounts receivable: -€23,344
- Current investments +€45,408
up €45,408 (+89.2%), from €50,885 to €96,293
- Cash +€30,622
up €30,622 (+7.7%), from €399,460 to €430,082
mainly Depreciation (+€69,622) and Net result for the year (+€47,312)
- Reserves +€47,312
up €47,312 (+7.6%), from €622,494 to €669,806
- Advances received -€32,752
no longer reported in 2025 (was €32,752)
- Tax, wage and social debts -€23,123
down €23,123 (-81.4%), from €28,413 to €5,290
- Debts after one year -€7,624
no longer reported in 2025 (was €7,624)
- Gross operating margin -€48,702
down €48,702 (-28.7%), from €169,470 to €120,768
- Financial income +€20,143
up €20,143 (+1,086%), from €1,855 to €21,998
of which Non-recurring financial income: +€12,731
- Financial charges -€14,458
down €14,458 (-73.7%), from €19,615 to €5,158
of which Financial charges: -€17,372
- Depreciation +€13,493
up €13,493 (+24.0%), from €56,129 to €69,622
- Taxes -€7,298
down €7,298 (-27.1%), from €26,895 to €19,598
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €738,425 | €704,330 | -€34,095 | -4.6% |
| Fixed assets | 21/28 | €220,164 | €154,142 | -€66,022 | -30.0% |
| Tangible fixed assets | 22/27 | €220,164 | €154,142 | -€66,022 | -30.0% |
| Plant, machinery and equipment | 23 | €218,884 | €153,419 | -€65,465 | -29.9% |
| Furniture and vehicles | 24 | €1,280 | €723 | -€557 | -43.5% |
| Current assets | 29/58 | €518,261 | €550,187 | +€31,926 | +6.2% |
| Amounts receivable within one year | 40/41 | €67,620 | €22,110 | -€45,510 | -67.3% |
| Trade receivables | 40 | €43,445 | €21,279 | -€22,166 | -51.0% |
| Other amounts receivable | 41 | €24,175 | €832 | -€23,344 | -96.6% |
| Current investments | 50/53 | €50,885 | €96,293 | +€45,408 | +89.2% |
| Cash at bank and in hand | 54/58 | €399,460 | €430,082 | +€30,622 | +7.7% |
| Deferred charges and accrued income | 490/1 | €296 | €1,701 | +€1,406 | +475% |
| Total equity and liabilities | 10/49 | €738,425 | €704,330 | -€34,095 | -4.6% |
| Equity | 10/15 | €634,894 | €682,206 | +€47,312 | +7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €622,494 | €669,806 | +€47,312 | +7.6% |
| Distributable reserves | 133 | €622,494 | €669,806 | +€47,312 | +7.6% |
| Amounts payable | 17/49 | €103,531 | €22,124 | -€81,407 | -78.6% |
| Amounts payable after more than one year | 17 | €7,624 | - | -€7,624 | |
| Financial debts | 170/4 | €7,624 | - | -€7,624 | |
| Amounts payable within one year | 42/48 | €95,908 | €22,124 | -€73,784 | -76.9% |
| Current portion of amounts payable after more than one year | 42 | €12,800 | €7,624 | -€5,176 | -40.4% |
| Trade debts | 44 | €15,862 | €8,923 | -€6,938 | -43.7% |
| Suppliers | 440/4 | €15,862 | €8,923 | -€6,938 | -43.7% |
| Advances received on contracts in progress | 46 | €32,752 | - | -€32,752 | |
| Taxes, remuneration and social security | 45 | €28,413 | €5,290 | -€23,123 | -81.4% |
| Taxes | 450/3 | €28,413 | €5,290 | -€23,123 | -81.4% |
| Other amounts payable | 47/48 | €6,081 | €287 | -€5,794 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,129 | €69,622 | +€13,493 | +24.0% |
| Other operating charges | 640/8 | €1,695 | €1,077 | -€618 | -36.5% |
| Gross operating margin | 9900 | €169,470 | €120,768 | -€48,702 | -28.7% |
| Operating profit (loss) | 9901 | €111,646 | €50,069 | -€61,577 | -55.2% |
| Financial income | 75/76B | €1,855 | €21,998 | +€20,143 | +1,086% |
| Recurring financial income | 75 | €1,855 | €9,268 | +€7,412 | +400% |
| Non-recurring financial income | 76B | - | €12,731 | +€12,731 | |
| Financial charges | 65/66B | €19,615 | €5,158 | -€14,458 | -73.7% |
| Recurring financial charges | 65 | €18,651 | €1,279 | -€17,372 | -93.1% |
| Non-recurring financial charges | 66B | €964 | €3,879 | +€2,914 | +302% |
| Profit (loss) for the period before taxes | 9903 | €93,886 | €66,910 | -€26,976 | -28.7% |
| Income taxes | 67/77 | €26,895 | €19,598 | -€7,298 | -27.1% |
| Profit (loss) for the period | 9904 | €66,990 | €47,312 | -€19,678 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,990 | €47,312 | -€19,678 | -29.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.