Caractère: 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.
Caractère
Largest movements
- Tangible fixed assets -€13,467
down €13,467 (-6.3%), from €213,379 to €199,912
of which Land and buildings: -€9,257
- Cash +€8,594
up €8,594 (+92.4%), from €9,299 to €17,893
mainly Net result for the year (+€24,028) and Depreciation (+€18,236)
- Debts after one year -€16,191
down €16,191 (-24.8%), from €65,175 to €48,984
- Tax, wage and social debts +€10,959
up €10,959 (+365%), from €3,000 to €13,959
- Reserves +€4,028
up €4,028 (+2.8%), from €144,683 to €148,711
- Taxes +€4,916
up €4,916 (+104%), from €4,706 to €9,622
- Gross operating margin +€4,145
up €4,145 (+7.7%), from €53,855 to €57,999
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 | €253,908 | €250,317 | -€3,591 | -1.4% |
| Fixed assets | 21/28 | €213,379 | €199,912 | -€13,467 | -6.3% |
| Tangible fixed assets | 22/27 | €213,379 | €199,912 | -€13,467 | -6.3% |
| Land and buildings | 22 | €202,434 | €193,177 | -€9,257 | -4.6% |
| Plant, machinery and equipment | 23 | €47 | €1,080 | +€1,033 | +2,191% |
| Furniture and vehicles | 24 | €10,898 | €5,654 | -€5,244 | -48.1% |
| Current assets | 29/58 | €40,529 | €50,406 | +€9,877 | +24.4% |
| Stocks and contracts in progress | 3 | €3,500 | €4,444 | +€944 | +27.0% |
| Stocks | 30/36 | €3,500 | €4,444 | +€944 | +27.0% |
| Amounts receivable within one year | 40/41 | €27,730 | €26,310 | -€1,419 | -5.1% |
| Trade receivables | 40 | €4,484 | €860 | -€3,624 | -80.8% |
| Other amounts receivable | 41 | €23,246 | €25,450 | +€2,204 | +9.5% |
| Cash at bank and in hand | 54/58 | €9,299 | €17,893 | +€8,594 | +92.4% |
| Deferred charges and accrued income | 490/1 | - | €1,758 | +€1,758 | |
| Total equity and liabilities | 10/49 | €253,908 | €250,317 | -€3,591 | -1.4% |
| Equity | 10/15 | €163,283 | €167,311 | +€4,028 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,683 | €148,711 | +€4,028 | +2.8% |
| Distributable reserves | 133 | €144,683 | €148,711 | +€4,028 | +2.8% |
| Amounts payable | 17/49 | €90,625 | €83,006 | -€7,619 | -8.4% |
| Amounts payable after more than one year | 17 | €65,175 | €48,984 | -€16,191 | -24.8% |
| Financial debts | 170/4 | €65,175 | €48,984 | -€16,191 | -24.8% |
| Amounts payable within one year | 42/48 | €25,450 | €34,022 | +€8,572 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €18,393 | €16,191 | -€2,202 | -12.0% |
| Trade debts | 44 | €4,047 | €3,862 | -€185 | -4.6% |
| Suppliers | 440/4 | €4,047 | €3,862 | -€185 | -4.6% |
| Taxes, remuneration and social security | 45 | €3,000 | €13,959 | +€10,959 | +365% |
| Taxes | 450/3 | €3,000 | €13,959 | +€10,959 | +365% |
| Other amounts payable | 47/48 | €10 | €10 | = | 0.0% |
| Non-recurring operating income | 76A | €140 | - | -€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,710 | €18,236 | +€525 | +3.0% |
| Other operating charges | 640/8 | €1,411 | €1,384 | -€27 | -1.9% |
| Gross operating margin | 9900 | €53,855 | €57,999 | +€4,145 | +7.7% |
| Operating profit (loss) | 9901 | €34,733 | €38,380 | +€3,646 | +10.5% |
| Financial income | 75/76B | €18 | €21 | +€2 | +12.8% |
| Recurring financial income | 75 | €18 | €21 | +€2 | +12.8% |
| Financial charges | 65/66B | €5,136 | €4,750 | -€386 | -7.5% |
| Recurring financial charges | 65 | €5,136 | €4,750 | -€386 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €29,616 | €33,650 | +€4,034 | +13.6% |
| Income taxes | 67/77 | €4,706 | €9,622 | +€4,916 | +104% |
| Profit (loss) for the period | 9904 | €24,911 | €24,028 | -€882 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,911 | €24,028 | -€882 | -3.5% |
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 16 October 2026 via checked.be.