C-CHARGE: what changed
C-CHARGE
Largest movements
- Tangible fixed assets +€32,088
up €32,088 (+5.9%), from €542,999 to €575,086
of which Plant, machinery and equipment: +€46,361
- Cash -€20,253
down €20,253 (-17.9%), from €113,257 to €93,004
mainly Contributions, distributions and other (-€170,000) and Investment in fixed assets (net) (-€62,957)
- Receivables within one year +€7,872
up €7,872 (+36.4%), from €21,650 to €29,521
of which Other amounts receivable: +€9,140
- Other debts +€160,902
up €160,902 (+1,314%), from €12,248 to €173,150
- Reserves -€100,981
down €100,981 (-99.1%), from €101,926 to €945
- Debts after one year -€32,333
down €32,333 (-6.4%), from €508,805 to €476,472
of which Financial debts: -€32,333
- Depreciation -€55,624
down €55,624 (-64.3%), from €86,494 to €30,869
- Gross operating margin +€32,230
up €32,230 (+31.3%), from €102,827 to €135,057
- Taxes +€10,560
up €10,560 (+3,522%), from €300 to €10,860
- Financial charges +€2,760
up €2,760 (+14.3%), from €19,326 to €22,086
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 | €683,313 | €704,145 | +€20,832 | +3.0% |
| Fixed assets | 21/28 | €542,999 | €575,086 | +€32,088 | +5.9% |
| Tangible fixed assets | 22/27 | €542,999 | €575,086 | +€32,088 | +5.9% |
| Land and buildings | 22 | €518,554 | €501,594 | -€16,960 | -3.3% |
| Plant, machinery and equipment | 23 | €22,858 | €69,220 | +€46,361 | +203% |
| Furniture and vehicles | 24 | €1,586 | €4,272 | +€2,686 | +169% |
| Current assets | 29/58 | €140,314 | €129,059 | -€11,256 | -8.0% |
| Amounts receivable within one year | 40/41 | €21,650 | €29,521 | +€7,872 | +36.4% |
| Trade receivables | 40 | €21,650 | €20,381 | -€1,269 | -5.9% |
| Other amounts receivable | 41 | - | €9,140 | +€9,140 | |
| Cash at bank and in hand | 54/58 | €113,257 | €93,004 | -€20,253 | -17.9% |
| Deferred charges and accrued income | 490/1 | €5,407 | €6,533 | +€1,126 | +20.8% |
| Total equity and liabilities | 10/49 | €683,313 | €704,145 | +€20,832 | +3.0% |
| Equity | 10/15 | €116,926 | €15,945 | -€100,981 | -86.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €101,926 | €945 | -€100,981 | -99.1% |
| Distributable reserves | 133 | €101,926 | €945 | -€100,981 | -99.1% |
| Amounts payable | 17/49 | €566,387 | €688,200 | +€121,813 | +21.5% |
| Amounts payable after more than one year | 17 | €508,805 | €476,472 | -€32,333 | -6.4% |
| Financial debts | 170/4 | €433,805 | €401,472 | -€32,333 | -7.5% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,582 | €211,727 | +€154,146 | +268% |
| Current portion of amounts payable after more than one year | 42 | €32,333 | €32,333 | = | 0.0% |
| Trade debts | 44 | €6,206 | €1,115 | -€5,090 | -82.0% |
| Suppliers | 440/4 | €6,206 | €1,115 | -€5,090 | -82.0% |
| Taxes, remuneration and social security | 45 | €6,794 | €5,129 | -€1,666 | -24.5% |
| Taxes | 450/3 | €6,794 | €5,129 | -€1,666 | -24.5% |
| Other amounts payable | 47/48 | €12,248 | €173,150 | +€160,902 | +1,314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,494 | €30,869 | -€55,624 | -64.3% |
| Other operating charges | 640/8 | €2,397 | €2,222 | -€175 | -7.3% |
| Gross operating margin | 9900 | €102,827 | €135,057 | +€32,230 | +31.3% |
| Operating profit (loss) | 9901 | €13,936 | €101,966 | +€88,029 | +632% |
| Financial charges | 65/66B | €19,326 | €22,086 | +€2,760 | +14.3% |
| Recurring financial charges | 65 | €19,326 | €22,086 | +€2,760 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,390 | €79,879 | +€85,269 | |
| Income taxes | 67/77 | €300 | €10,860 | +€10,560 | +3,522% |
| Profit (loss) for the period | 9904 | -€5,690 | €69,019 | +€74,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,690 | €69,019 | +€74,709 |
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 2 November 2026 via checked.be.