CHARBELL: 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.
CHARBELL
Largest movements
- Cash -€6,150
down €6,150 (-41.2%), from €14,920 to €8,769
mainly Tax, wage and social debts (-€5,976) and Trade debts (-€4,806)
- Tangible fixed assets -€2,832
down €2,832 (-22.7%), from €12,457 to €9,625
of which Plant, machinery and equipment: -€1,606
- Receivables within one year -€1,262
down €1,262 (-35.9%), from €3,510 to €2,248
of which Trade receivables: -€2,376
- Tax, wage and social debts -€5,976
down €5,976 (-66.4%), from €9,001 to €3,025
of which Taxes: -€8,823
- Trade debts -€4,806
down €4,806 (-62.4%), from €7,700 to €2,895
- Financial charges +€7,397
up €7,397 (+1,001%), from €739 to €8,136
of which Non-recurring financial charges: +€7,369
- Gross operating margin +€5,822
up €5,822 (+26.5%), from €21,967 to €27,789
- Staff costs +€706
up €706 (+4.7%), from €14,864 to €15,569
- Taxes -€582
down €582 (-85.8%), from €678 to €96
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 | €33,721 | €22,950 | -€10,770 | -31.9% |
| Fixed assets | 21/28 | €12,577 | €9,745 | -€2,832 | -22.5% |
| Tangible fixed assets | 22/27 | €12,457 | €9,625 | -€2,832 | -22.7% |
| Plant, machinery and equipment | 23 | €4,468 | €2,862 | -€1,606 | -36.0% |
| Furniture and vehicles | 24 | €7,989 | €6,763 | -€1,226 | -15.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €21,143 | €13,205 | -€7,938 | -37.5% |
| Stocks and contracts in progress | 3 | €2,412 | €2,188 | -€224 | -9.3% |
| Stocks | 30/36 | €2,412 | €2,188 | -€224 | -9.3% |
| Amounts receivable within one year | 40/41 | €3,510 | €2,248 | -€1,262 | -35.9% |
| Trade receivables | 40 | €3,124 | €748 | -€2,376 | -76.0% |
| Other amounts receivable | 41 | €386 | €1,500 | +€1,114 | +289% |
| Cash at bank and in hand | 54/58 | €14,920 | €8,769 | -€6,150 | -41.2% |
| Deferred charges and accrued income | 490/1 | €302 | - | -€302 | |
| Total equity and liabilities | 10/49 | €33,721 | €22,950 | -€10,770 | -31.9% |
| Equity | 10/15 | €12,561 | €12,698 | +€137 | +1.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,061 | €5,198 | +€137 | +2.7% |
| Amounts payable | 17/49 | €21,160 | €10,253 | -€10,907 | -51.5% |
| Amounts payable within one year | 42/48 | €21,160 | €10,253 | -€10,907 | -51.5% |
| Trade debts | 44 | €7,700 | €2,895 | -€4,806 | -62.4% |
| Suppliers | 440/4 | €7,700 | €2,895 | -€4,806 | -62.4% |
| Taxes, remuneration and social security | 45 | €9,001 | €3,025 | -€5,976 | -66.4% |
| Taxes | 450/3 | €9,001 | €178 | -€8,823 | -98.0% |
| Remuneration and social security | 454/9 | - | €2,846 | +€2,846 | |
| Other amounts payable | 47/48 | €4,458 | €4,333 | -€125 | -2.8% |
| Remuneration, social security and pensions | 62 | €14,864 | €15,569 | +€706 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,568 | €3,343 | -€224 | -6.3% |
| Other operating charges | 640/8 | €521 | €646 | +€126 | +24.1% |
| Gross operating margin | 9900 | €21,967 | €27,789 | +€5,822 | +26.5% |
| Operating profit (loss) | 9901 | €3,015 | €8,230 | +€5,215 | +173% |
| Financial income | 75/76B | €215 | €138 | -€77 | -35.6% |
| Recurring financial income | 75 | €215 | €138 | -€77 | -35.6% |
| Financial charges | 65/66B | €739 | €8,136 | +€7,397 | +1,001% |
| Recurring financial charges | 65 | €739 | €767 | +€28 | +3.7% |
| Non-recurring financial charges | 66B | - | €7,369 | +€7,369 | |
| Profit (loss) for the period before taxes | 9903 | €2,491 | €233 | -€2,258 | -90.6% |
| Income taxes | 67/77 | €678 | €96 | -€582 | -85.8% |
| Profit (loss) for the period | 9904 | €1,813 | €137 | -€1,676 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,813 | €137 | -€1,676 | -92.5% |
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 25 October 2026 via checked.be.