Charcam: 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
Charcam
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,809
2024 · €34,013+€36,796
Equity
€794,050
2024 · -€16,759+€810,809
Cash
€961
2024 · €10,631-€9,670
Balance sheet total
€1.6m
2024 · €1.4m+€211,200
Largest movements
Assets
- Tangible fixed assets +€258,402
up €258,402 (+20.0%), from €1.3m to €1.6m
of which Land and buildings: +€312,681
- Receivables within one year -€37,969
down €37,969 (-63.7%), from €59,592 to €21,623
of which Other amounts receivable: -€31,528
Equity and liabilities
- Revaluation surpluses +€740,000
new in 2025: €740,000
- Short-term financial debts -€680,000
no longer reported in 2025 (was €680,000)
- Reserves +€107,591
new in 2025: €107,591
- Current portion of long-term debt +€47,851
up €47,851 (+81.3%), from €58,885 to €106,737
- Profit (loss) carried forward -€36,782
down €36,782 (-119.3%), from -€30,819 to -€67,602
Income statement
- Gross operating margin +€87,294
up €87,294 (+63.1%), from €138,404 to €225,698
- Financial charges +€32,066
up €32,066 (+77.7%), from €41,286 to €73,352
- Depreciation -€16,047
down €16,047 (-28.7%), from €55,989 to €39,942
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
€34,013
Gross operating margin
+€87,294
Depreciation
+€16,047
Provisions
+€54
Other operating charges
+€1,242
Financial income
-€1,357
Financial charges
-€32,066
Taxes
+€1,447
Deferred taxes and other
-€35,864
Result 2025
€70,809
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
+€179,185
Investment
-€298,344
Financing
+€109,490
Cash 2024
€10,631
From operations (derived)
+€179,185
Net result for the year
+€70,809
Depreciation
+€39,942
Receivables within one year
+€37,969
Smaller working-capital items
-€962
Provisions
+€32,966
Trade debts
-€18,997
Tax, wage and social debts
-€5,198
Other debts
+€22,655
Investment (derived)
-€298,344
Investment in fixed assets (net)
-€298,344
Financing
+€109,490
Debts after one year
+€1,638
Current portion of long-term debt
+€47,851
Short-term financial debts
-€680,000
Contributions, distributions and other
+€740,000
Cash 2025
€961
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,363,202 | €1,574,402 | +€211,200 | +15.5% |
| Fixed assets | 21/28 | €1,292,433 | €1,550,835 | +€258,402 | +20.0% |
| Tangible fixed assets | 22/27 | €1,292,433 | €1,550,835 | +€258,402 | +20.0% |
| Land and buildings | 22 | €892,937 | €1,205,618 | +€312,681 | +35.0% |
| Plant, machinery and equipment | 23 | €398,989 | €345,173 | -€53,817 | -13.5% |
| Furniture and vehicles | 24 | €506 | €44 | -€462 | -91.3% |
| Current assets | 29/58 | €70,769 | €23,567 | -€47,202 | -66.7% |
| Amounts receivable within one year | 40/41 | €59,592 | €21,623 | -€37,969 | -63.7% |
| Trade receivables | 40 | €28,063 | €21,623 | -€6,441 | -23.0% |
| Other amounts receivable | 41 | €31,528 | - | -€31,528 | |
| Cash at bank and in hand | 54/58 | €10,631 | €961 | -€9,670 | -91.0% |
| Deferred charges and accrued income | 490/1 | €547 | €984 | +€437 | +79.9% |
| Total equity and liabilities | 10/49 | €1,363,202 | €1,574,402 | +€211,200 | +15.5% |
| Equity | 10/15 | -€16,759 | €794,050 | +€810,809 | |
| Contributions | 10/11 | €14,060 | €14,060 | = | 0.0% |
| Revaluation surpluses | 12 | - | €740,000 | +€740,000 | |
| Reserves | 13 | - | €107,591 | +€107,591 | |
| Tax-exempt reserves | 132 | - | €107,591 | +€107,591 | |
| Profit (loss) carried forward | 14 | -€30,819 | -€67,602 | -€36,782 | -119.3% |
| Provisions and deferred taxes | 16 | €342,176 | €375,141 | +€32,966 | +9.6% |
| Provisions for liabilities and charges | 160/5 | €342,176 | €339,278 | -€2,898 | -0.8% |
| Other liabilities and charges | 164/5 | €342,176 | €339,278 | -€2,898 | -0.8% |
| Deferred taxes | 168 | - | €35,864 | +€35,864 | |
| Amounts payable | 17/49 | €1,037,786 | €405,211 | -€632,575 | -61.0% |
| Amounts payable after more than one year | 17 | €225,049 | €226,687 | +€1,638 | +0.7% |
| Financial debts | 170/4 | €222,799 | €224,437 | +€1,638 | +0.7% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €812,212 | €178,524 | -€633,688 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €58,885 | €106,737 | +€47,851 | +81.3% |
| Financial debts | 43 | €680,000 | - | -€680,000 | |
| Credit institutions | 430/8 | €680,000 | - | -€680,000 | |
| Trade debts | 44 | €25,947 | €6,950 | -€18,997 | -73.2% |
| Suppliers | 440/4 | €25,947 | €6,950 | -€18,997 | -73.2% |
| Taxes, remuneration and social security | 45 | €7,010 | €1,812 | -€5,198 | -74.1% |
| Taxes | 450/3 | €7,010 | €1,812 | -€5,198 | -74.1% |
| Other amounts payable | 47/48 | €40,370 | €63,025 | +€22,655 | +56.1% |
| Accrued charges and deferred income | 492/3 | €525 | - | -€525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,989 | €39,942 | -€16,047 | -28.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,844 | -€2,898 | -€54 | -1.9% |
| Other operating charges | 640/8 | €9,873 | €8,632 | -€1,242 | -12.6% |
| Gross operating margin | 9900 | €138,404 | €225,698 | +€87,294 | +63.1% |
| Operating profit (loss) | 9901 | €75,386 | €180,022 | +€104,636 | +138.8% |
| Financial income | 75/76B | €1,358 | €1 | -€1,357 | -99.9% |
| Recurring financial income | 75 | €1,358 | €1 | -€1,357 | -99.9% |
| Financial charges | 65/66B | €41,286 | €73,352 | +€32,066 | +77.7% |
| Recurring financial charges | 65 | €41,286 | €73,352 | +€32,066 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €35,458 | €106,671 | +€71,213 | +200.8% |
| Transfer to deferred taxes | 680 | - | €35,864 | +€35,864 | |
| Income taxes | 67/77 | €1,445 | -€2 | -€1,447 | |
| Profit (loss) for the period | 9904 | €34,013 | €70,809 | +€36,796 | +108.2% |
| Transfer to tax-exempt reserves | 689 | - | €107,591 | +€107,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,013 | -€36,782 | -€70,795 |
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 1 October 2026 via checked.be.