BRUNO CHARLIER: 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.
BRUNO CHARLIER
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash +€29,486
up €29,486 (+10.1%), from €293,200 to €322,686
mainly Net result for the year (+€128,189) and Other debts (+€118,017)
- Tangible fixed assets -€10,740
down €10,740 (-37.6%), from €28,532 to €17,792
of which Furniture and vehicles: -€10,956
- Other debts +€118,017
up €118,017 (+94.0%), from €125,543 to €243,560
- Gross operating margin +€123,576
up €123,576 (+198%), from €62,558 to €186,134
- Taxes +€18,048
up €18,048 (+122%), from €14,800 to €32,848
- Staff costs +€11,166
up €11,166 (+269%), from €4,155 to €15,321
- Financial income +€5,067
new in 2025: €5,067
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 | €323,883 | €441,350 | +€117,467 | +36.3% |
| Fixed assets | 21/28 | €28,532 | €17,792 | -€10,740 | -37.6% |
| Tangible fixed assets | 22/27 | €28,532 | €17,792 | -€10,740 | -37.6% |
| Plant, machinery and equipment | 23 | €4,894 | €5,110 | +€216 | +4.4% |
| Furniture and vehicles | 24 | €23,638 | €12,682 | -€10,956 | -46.3% |
| Current assets | 29/58 | €295,351 | €423,558 | +€128,207 | +43.4% |
| Amounts receivable within one year | 40/41 | €2,151 | €872 | -€1,279 | -59.5% |
| Trade receivables | 40 | €1,336 | €872 | -€464 | -34.7% |
| Other amounts receivable | 41 | €815 | - | -€815 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €293,200 | €322,686 | +€29,486 | +10.1% |
| Total equity and liabilities | 10/49 | €323,883 | €441,350 | +€117,467 | +36.3% |
| Equity | 10/15 | €194,112 | €194,301 | +€189 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,112 | €146,301 | +€189 | +0.1% |
| Amounts payable | 17/49 | €129,771 | €247,049 | +€117,278 | +90.4% |
| Amounts payable within one year | 42/48 | €129,771 | €247,049 | +€117,278 | +90.4% |
| Trade debts | 44 | €1,428 | €1,828 | +€400 | +28.0% |
| Suppliers | 440/4 | €1,428 | €1,828 | +€400 | +28.0% |
| Taxes, remuneration and social security | 45 | €2,800 | €1,661 | -€1,139 | -40.7% |
| Taxes | 450/3 | €2,800 | €1,661 | -€1,139 | -40.7% |
| Other amounts payable | 47/48 | €125,543 | €243,560 | +€118,017 | +94.0% |
| Remuneration, social security and pensions | 62 | €4,155 | €15,321 | +€11,166 | +269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,276 | €13,343 | +€67 | +0.5% |
| Other operating charges | 640/8 | €526 | €1,426 | +€900 | +171% |
| Gross operating margin | 9900 | €62,558 | €186,134 | +€123,576 | +198% |
| Operating profit (loss) | 9901 | €44,601 | €156,044 | +€111,443 | +250% |
| Financial income | 75/76B | - | €5,067 | +€5,067 | |
| Recurring financial income | 75 | - | €5,067 | +€5,067 | |
| Financial charges | 65/66B | €78 | €74 | -€4 | -5.1% |
| Recurring financial charges | 65 | €78 | €74 | -€4 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €44,523 | €161,037 | +€116,514 | +262% |
| Income taxes | 67/77 | €14,800 | €32,848 | +€18,048 | +122% |
| Profit (loss) for the period | 9904 | €29,723 | €128,189 | +€98,466 | +331% |
| Profit (loss) for the period to be appropriated | 9905 | €29,723 | €128,189 | +€98,466 | +331% |
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 26 October 2026 via checked.be.