CHARBEL: 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.
CHARBEL
Largest movements
- Tangible fixed assets -€9,514
down €9,514 (-11.4%), from €83,372 to €73,858
- Cash -€6,368
down €6,368 (-43.7%), from €14,568 to €8,200
mainly Tax, wage and social debts (-€27,688) and Contributions, distributions and other (-€10,000)
- Tax, wage and social debts -€27,688
no longer reported in 2025 (was €27,688)
of which Remuneration and social security: -€25,000
- Other debts +€14,697
up €14,697 (+7.0%), from €209,439 to €224,137
- Reserves -€10,000
down €10,000 (-84.3%), from €11,859 to €1,859
of which Distributable reserves: -€10,000
- Profit (loss) carried forward +€7,978
up €7,978 (+4.7%), from -€168,798 to -€160,819
- Gross operating margin -€10,317
down €10,317 (-31.4%), from €32,824 to €22,507
- Depreciation -€3,044
down €3,044 (-24.2%), from €12,558 to €9,514
- Staff costs -€1,030
no longer reported in 2025 (was €1,030)
- Other operating charges -€610
down €610 (-11.0%), from €5,553 to €4,943
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 | €98,781 | €83,768 | -€15,013 | -15.2% |
| Fixed assets | 21/28 | €83,372 | €73,858 | -€9,514 | -11.4% |
| Tangible fixed assets | 22/27 | €83,372 | €73,858 | -€9,514 | -11.4% |
| Land and buildings | 22 | €83,372 | €73,858 | -€9,514 | -11.4% |
| Current assets | 29/58 | €15,409 | €9,910 | -€5,499 | -35.7% |
| Cash at bank and in hand | 54/58 | €14,568 | €8,200 | -€6,368 | -43.7% |
| Deferred charges and accrued income | 490/1 | €841 | €1,711 | +€869 | +103.3% |
| Total equity and liabilities | 10/49 | €98,781 | €83,768 | -€15,013 | -15.2% |
| Equity | 10/15 | -€138,346 | -€140,368 | -€2,022 | -1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €1,859 | -€10,000 | -84.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | -€168,798 | -€160,819 | +€7,978 | +4.7% |
| Amounts payable | 17/49 | €237,127 | €224,137 | -€12,991 | -5.5% |
| Amounts payable within one year | 42/48 | €237,127 | €224,137 | -€12,991 | -5.5% |
| Taxes, remuneration and social security | 45 | €27,688 | - | -€27,688 | |
| Taxes | 450/3 | €2,688 | - | -€2,688 | |
| Remuneration and social security | 454/9 | €25,000 | - | -€25,000 | |
| Other amounts payable | 47/48 | €209,439 | €224,137 | +€14,697 | +7.0% |
| Remuneration, social security and pensions | 62 | €1,030 | - | -€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,558 | €9,514 | -€3,044 | -24.2% |
| Other operating charges | 640/8 | €5,553 | €4,943 | -€610 | -11.0% |
| Gross operating margin | 9900 | €32,824 | €22,507 | -€10,317 | -31.4% |
| Operating profit (loss) | 9901 | €13,683 | €8,051 | -€5,632 | -41.2% |
| Financial charges | 65/66B | €56 | €73 | +€17 | +30.6% |
| Recurring financial charges | 65 | €56 | €73 | +€17 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €13,628 | €7,978 | -€5,649 | -41.5% |
| Profit (loss) for the period | 9904 | €13,628 | €7,978 | -€5,649 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,628 | €7,978 | -€5,649 | -41.5% |
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 6 October 2026 via checked.be.