CHAR 229: 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.
CHAR 229
Largest movements
- Cash +€33,296
up €33,296 (+547.7%), from €6,079 to €39,375
mainly Net result for the year (+€36,315) and Depreciation (+€32,774)
- Tangible fixed assets -€32,774
down €32,774 (-4.5%), from €728,365 to €695,591
of which Plant, machinery and equipment: -€17,474
- Debts after one year -€43,093
down €43,093 (-7.3%), from €590,459 to €547,366
of which Financial debts: -€29,953
- Profit (loss) carried forward +€36,315
up €36,315 (+59.2%), from -€61,328 to -€25,013
- Gross operating margin +€62,375
up €62,375 (+180.8%), from €34,501 to €96,876
- Financial charges +€2,686
up €2,686 (+18.1%), from €14,821 to €17,507
- Other operating charges +€2,063
up €2,063 (+25.1%), from €8,217 to €10,280
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.
Cash bridge derived
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 | €734,882 | €735,936 | +€1,054 | +0.1% |
| Fixed assets | 21/28 | €728,365 | €695,591 | -€32,774 | -4.5% |
| Tangible fixed assets | 22/27 | €728,365 | €695,591 | -€32,774 | -4.5% |
| Land and buildings | 22 | €618,645 | €603,345 | -€15,300 | -2.5% |
| Plant, machinery and equipment | 23 | €109,720 | €92,246 | -€17,474 | -15.9% |
| Current assets | 29/58 | €6,517 | €40,345 | +€33,829 | +519.1% |
| Amounts receivable within one year | 40/41 | - | €183 | +€183 | |
| Trade receivables | 40 | - | €183 | +€183 | |
| Cash at bank and in hand | 54/58 | €6,079 | €39,375 | +€33,296 | +547.7% |
| Deferred charges and accrued income | 490/1 | €438 | €787 | +€350 | +79.9% |
| Total equity and liabilities | 10/49 | €734,882 | €735,936 | +€1,054 | +0.1% |
| Equity | 10/15 | €113,672 | €149,987 | +€36,315 | +31.9% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,328 | -€25,013 | +€36,315 | +59.2% |
| Amounts payable | 17/49 | €621,211 | €585,950 | -€35,261 | -5.7% |
| Amounts payable after more than one year | 17 | €590,459 | €547,366 | -€43,093 | -7.3% |
| Financial debts | 170/4 | €577,319 | €547,366 | -€29,953 | -5.2% |
| Other amounts payable | 178/9 | €13,140 | €0 | -€13,140 | -100.0% |
| Amounts payable within one year | 42/48 | €30,752 | €38,583 | +€7,831 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €29,124 | €29,953 | +€829 | +2.8% |
| Trade debts | 44 | €1,001 | €7,308 | +€6,307 | +630.0% |
| Suppliers | 440/4 | €1,001 | €7,308 | +€6,307 | +630.0% |
| Other amounts payable | 47/48 | €627 | €1,323 | +€696 | +110.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,774 | €32,774 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,217 | €10,280 | +€2,063 | +25.1% |
| Gross operating margin | 9900 | €34,501 | €96,876 | +€62,375 | +180.8% |
| Operating profit (loss) | 9901 | -€6,490 | €53,822 | +€60,312 | |
| Financial charges | 65/66B | €14,821 | €17,507 | +€2,686 | +18.1% |
| Recurring financial charges | 65 | €14,821 | €17,507 | +€2,686 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,311 | €36,315 | +€57,626 | |
| Profit (loss) for the period | 9904 | -€21,311 | €36,315 | +€57,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,311 | €36,315 | +€57,626 |
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 10 October 2026 via checked.be.