CHARBON: 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.
CHARBON
Largest movements
- Deferred charges and accrued income -€20,635
down €20,635 (-96.2%), from €21,439 to €804
- Receivables within one year -€11,751
down €11,751 (-52.1%), from €22,574 to €10,823
of which Trade receivables: -€17,761
- Tangible fixed assets -€10,810
down €10,810 (-29.5%), from €36,626 to €25,817
of which Plant, machinery and equipment: -€6,794
- Profit (loss) carried forward -€44,499
down €44,499 (-149%), from -€29,769 to -€74,268
- Trade debts +€21,009
up €21,009 (+120%), from €17,520 to €38,529
- Tax, wage and social debts -€10,571
down €10,571 (-87.8%), from €12,034 to €1,464
- Accrued charges and deferred income -€4,070
no longer reported in 2025 (was €4,070)
- Short-term financial debts -€2,780
down €2,780 (-55.9%), from €4,969 to €2,190
- Gross operating margin -€34,345
down €34,345, from €23,047 to -€11,298
- Other operating charges +€13,483
up €13,483 (+1,592%), from €847 to €14,330
- Taxes -€3,283
down €3,283 (-56.2%), from €5,842 to €2,559
- Financial charges +€3,072
up €3,072 (+231%), from €1,329 to €4,402
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 | €89,609 | €46,860 | -€42,749 | -47.7% |
| Fixed assets | 21/28 | €36,626 | €25,817 | -€10,810 | -29.5% |
| Tangible fixed assets | 22/27 | €36,626 | €25,817 | -€10,810 | -29.5% |
| Plant, machinery and equipment | 23 | €19,740 | €12,946 | -€6,794 | -34.4% |
| Furniture and vehicles | 24 | €16,886 | €12,870 | -€4,016 | -23.8% |
| Current assets | 29/58 | €52,983 | €21,044 | -€31,940 | -60.3% |
| Stocks and contracts in progress | 3 | €8,858 | €8,858 | = | 0.0% |
| Stocks | 30/36 | €8,858 | €8,858 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,574 | €10,823 | -€11,751 | -52.1% |
| Trade receivables | 40 | €22,574 | €4,813 | -€17,761 | -78.7% |
| Other amounts receivable | 41 | - | €6,010 | +€6,010 | |
| Cash at bank and in hand | 54/58 | €112 | €558 | +€446 | +398% |
| Deferred charges and accrued income | 490/1 | €21,439 | €804 | -€20,635 | -96.2% |
| Total equity and liabilities | 10/49 | €89,609 | €46,860 | -€42,749 | -47.7% |
| Equity | 10/15 | €44,599 | €100 | -€44,499 | -99.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,769 | -€74,268 | -€44,499 | -149% |
| Amounts payable | 17/49 | €45,011 | €46,760 | +€1,749 | +3.9% |
| Amounts payable after more than one year | 17 | €4,578 | €2,873 | -€1,706 | -37.3% |
| Financial debts | 170/4 | €4,578 | €2,873 | -€1,706 | -37.3% |
| Amounts payable within one year | 42/48 | €36,362 | €43,888 | +€7,525 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €1,626 | €1,706 | +€79 | +4.9% |
| Financial debts | 43 | €4,969 | €2,190 | -€2,780 | -55.9% |
| Credit institutions | 430/8 | €4,969 | €2,190 | -€2,780 | -55.9% |
| Trade debts | 44 | €17,520 | €38,529 | +€21,009 | +120% |
| Suppliers | 440/4 | €17,520 | €38,529 | +€21,009 | +120% |
| Taxes, remuneration and social security | 45 | €12,034 | €1,464 | -€10,571 | -87.8% |
| Taxes | 450/3 | €12,034 | €1,464 | -€10,571 | -87.8% |
| Other amounts payable | 47/48 | €213 | - | -€213 | |
| Accrued charges and deferred income | 492/3 | €4,070 | - | -€4,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,707 | €11,910 | +€203 | +1.7% |
| Other operating charges | 640/8 | €847 | €14,330 | +€13,483 | +1,592% |
| Gross operating margin | 9900 | €23,047 | -€11,298 | -€34,345 | |
| Operating profit (loss) | 9901 | €10,493 | -€37,538 | -€48,031 | |
| Financial income | 75/76B | €74 | €0 | -€74 | -99.8% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -99.8% |
| Financial charges | 65/66B | €1,329 | €4,402 | +€3,072 | +231% |
| Recurring financial charges | 65 | €1,329 | €4,402 | +€3,072 | +231% |
| Profit (loss) for the period before taxes | 9903 | €9,238 | -€41,939 | -€51,178 | |
| Income taxes | 67/77 | €5,842 | €2,559 | -€3,283 | -56.2% |
| Profit (loss) for the period | 9904 | €3,396 | -€44,499 | -€47,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,396 | -€44,499 | -€47,895 |
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 24 October 2026 via checked.be.