CHARAYGE: what changed
Two fiscal 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.
What changed
CHARAYGE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€266,907
2024 · -€274,382+€7,476
Equity
€632,708
2024 · €899,615-€266,907
Cash
€605
2024 · €9+€596
Balance sheet total
€1.4m
2024 · €1.7m-€294,926
Largest movements
Assets
- Intangible fixed assets -€286,687
down €286,687 (-20.0%), from €1.4m to €1.1m
Equity and liabilities
- Profit (loss) carried forward -€264,103
down €264,103 (-20.7%), from -€1.3m to -€1.5m
- Trade debts -€24,560
down €24,560 (-30.3%), from €81,104 to €56,544
- Debts after one year -€19,702
down €19,702 (-7.3%), from €268,400 to €248,698
Income statement
- Depreciation -€5,350
down €5,350 (-1.6%), from €330,049 to €324,700
- Other operating charges -€3,215
down €3,215 (-14.3%), from €22,416 to €19,200
- Taxes +€1,927
up €1,927 (+26.4%), from €7,299 to €9,227
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.
Result 2024
-€274,382
Gross operating margin
+€493
Depreciation
+€5,350
Other operating charges
+€3,215
Financial income
-€1
Financial charges
+€448
Taxes
-€1,927
Deferred taxes and other
-€102
Result 2025
-€266,907
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.
From operations
+€43,355
Investment
-€29,157
Financing
-€13,602
Cash 2024
€9
From operations (derived)
+€43,355
Net result for the year
-€266,907
Depreciation
+€324,700
Smaller working-capital items
+€125
Provisions
-€1,444
Trade debts
-€24,560
Tax, wage and social debts
+€4,974
Other debts
+€6,467
Investment (derived)
-€29,157
Investment in fixed assets (net)
-€29,157
Current investments
-€0
Financing
-€13,602
Debts after one year
-€19,702
Current portion of long-term debt
+€6,478
Short-term financial debts
-€378
Cash 2025
€605
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,684,108 | €1,389,182 | -€294,926 | -17.5% |
| Fixed assets | 21/28 | €1,683,193 | €1,387,651 | -€295,543 | -17.6% |
| Intangible fixed assets | 21 | €1,433,436 | €1,146,749 | -€286,687 | -20.0% |
| Tangible fixed assets | 22/27 | €249,705 | €240,850 | -€8,856 | -3.5% |
| Land and buildings | 22 | €71,269 | €71,269 | = | 0.0% |
| Plant, machinery and equipment | 23 | €164,582 | €159,958 | -€4,623 | -2.8% |
| Furniture and vehicles | 24 | €13,854 | €9,622 | -€4,232 | -30.5% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €914 | €1,531 | +€617 | +67.4% |
| Current investments | 50/53 | €55 | €56 | +€0 | +0.5% |
| Cash at bank and in hand | 54/58 | €9 | €605 | +€596 | +6654.1% |
| Deferred charges and accrued income | 490/1 | €850 | €870 | +€20 | +2.4% |
| Total equity and liabilities | 10/49 | €1,684,108 | €1,389,182 | -€294,926 | -17.5% |
| Equity | 10/15 | €899,615 | €632,708 | -€266,907 | -29.7% |
| Contributions | 10/11 | €2,171,573 | €2,171,573 | = | 0.0% |
| Reserves | 13 | €4,001 | €1,197 | -€2,804 | -70.1% |
| Tax-exempt reserves | 132 | €4,001 | €1,197 | -€2,804 | -70.1% |
| Profit (loss) carried forward | 14 | -€1,275,959 | -€1,540,062 | -€264,103 | -20.7% |
| Provisions and deferred taxes | 16 | €2,060 | €616 | -€1,444 | -70.1% |
| Deferred taxes | 168 | €2,060 | €616 | -€1,444 | -70.1% |
| Amounts payable | 17/49 | €782,432 | €755,857 | -€26,576 | -3.4% |
| Amounts payable after more than one year | 17 | €268,400 | €248,698 | -€19,702 | -7.3% |
| Financial debts | 170/4 | €268,400 | €248,698 | -€19,702 | -7.3% |
| Amounts payable within one year | 42/48 | €511,604 | €504,585 | -€7,019 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €35,657 | €42,136 | +€6,478 | +18.2% |
| Financial debts | 43 | €15,447 | €15,069 | -€378 | -2.4% |
| Credit institutions | 430/8 | €15,447 | €15,069 | -€378 | -2.4% |
| Trade debts | 44 | €81,104 | €56,544 | -€24,560 | -30.3% |
| Suppliers | 440/4 | €81,104 | €56,544 | -€24,560 | -30.3% |
| Taxes, remuneration and social security | 45 | €11,666 | €16,640 | +€4,974 | +42.6% |
| Taxes | 450/3 | €11,666 | €16,640 | +€4,974 | +42.6% |
| Other amounts payable | 47/48 | €367,730 | €374,197 | +€6,467 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,428 | €2,574 | +€146 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330,049 | €324,700 | -€5,350 | -1.6% |
| Other operating charges | 640/8 | €22,416 | €19,200 | -€3,215 | -14.3% |
| Gross operating margin | 9900 | €104,095 | €104,587 | +€493 | +0.5% |
| Operating profit (loss) | 9901 | -€248,370 | -€239,312 | +€9,058 | +3.6% |
| Financial income | 75/76B | €1 | €1 | -€1 | -55.5% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -55.5% |
| Financial charges | 65/66B | €20,260 | €19,812 | -€448 | -2.2% |
| Recurring financial charges | 65 | €20,260 | €19,812 | -€448 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€268,629 | -€259,124 | +€9,505 | +3.5% |
| Transfer from deferred taxes | 780 | €1,546 | €1,444 | -€102 | -6.6% |
| Income taxes | 67/77 | €7,299 | €9,227 | +€1,927 | +26.4% |
| Profit (loss) for the period | 9904 | -€274,382 | -€266,907 | +€7,476 | +2.7% |
| Transfer from tax-exempt reserves | 789 | €3,002 | €2,804 | -€198 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€271,380 | -€264,103 | +€7,278 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.