CHARCO: 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.
CHARCO
Largest movements
- Tangible fixed assets -€33,979
down €33,979 (-1.6%), from €2.1m to €2.1m
of which Land and buildings: -€27,023
- Cash +€27,749
up €27,749 (+11.5%), from €240,328 to €268,077
mainly Other debts (+€475,554) and Net result for the year (+€295,114)
- Other debts +€475,554
up €475,554 (+207%), from €229,446 to €705,000
- Reserves -€409,886
down €409,886 (-37.7%), from €1.1m to €677,927
of which Distributable reserves: -€399,386
- Tax, wage and social debts -€48,261
down €48,261 (-83.9%), from €57,504 to €9,243
- Gross operating margin -€53,181
down €53,181 (-10.5%), from €506,488 to €453,307
- Taxes -€28,302
down €28,302 (-22.2%), from €127,755 to €99,453
- Purchases and services -€22,984
down €22,984 (-51.4%), from €44,751 to €21,767
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 | €2,385,754 | €2,390,985 | +€5,230 | +0.2% |
| Fixed assets | 21/28 | €2,135,515 | €2,101,536 | -€33,979 | -1.6% |
| Tangible fixed assets | 22/27 | €2,135,515 | €2,101,536 | -€33,979 | -1.6% |
| Land and buildings | 22 | €2,115,910 | €2,088,887 | -€27,023 | -1.3% |
| Plant, machinery and equipment | 23 | €1,196 | €797 | -€399 | -33.3% |
| Furniture and vehicles | 24 | €985 | €236 | -€749 | -76.0% |
| Other tangible fixed assets | 26 | €17,424 | €11,616 | -€5,808 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €250,240 | €289,449 | +€39,209 | +15.7% |
| Amounts receivable within one year | 40/41 | €9,717 | €21,117 | +€11,400 | +117% |
| Trade receivables | 40 | €9,717 | €20,917 | +€11,200 | +115% |
| Other amounts receivable | 41 | - | €200 | +€200 | |
| Cash at bank and in hand | 54/58 | €240,328 | €268,077 | +€27,749 | +11.5% |
| Deferred charges and accrued income | 490/1 | €195 | €255 | +€59 | +30.3% |
| Total equity and liabilities | 10/49 | €2,385,754 | €2,390,985 | +€5,230 | +0.2% |
| Equity | 10/15 | €2,060,440 | €1,650,554 | -€409,886 | -19.9% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Revaluation surpluses | 12 | €867,627 | €867,627 | = | 0.0% |
| Reserves | 13 | €1,087,813 | €677,927 | -€409,886 | -37.7% |
| Non-distributable reserves | 130/1 | €10,500 | €0 | -€10,500 | -100% |
| Reserves not available under the articles | 1311 | €10,500 | €0 | -€10,500 | -100% |
| Distributable reserves | 133 | €1,077,313 | €677,927 | -€399,386 | -37.1% |
| Amounts payable | 17/49 | €325,314 | €740,431 | +€415,116 | +128% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €293,329 | €714,427 | +€421,098 | +144% |
| Trade debts | 44 | €6,379 | €184 | -€6,195 | -97.1% |
| Suppliers | 440/4 | €6,379 | €184 | -€6,195 | -97.1% |
| Taxes, remuneration and social security | 45 | €57,504 | €9,243 | -€48,261 | -83.9% |
| Taxes | 450/3 | €57,504 | €9,243 | -€48,261 | -83.9% |
| Other amounts payable | 47/48 | €229,446 | €705,000 | +€475,554 | +207% |
| Accrued charges and deferred income | 492/3 | €31,985 | €26,003 | -€5,981 | -18.7% |
| Turnover | 70 | €472,265 | €471,862 | -€403 | -0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,751 | €21,767 | -€22,984 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,230 | €33,979 | -€3,252 | -8.7% |
| Other operating charges | 640/8 | €24,403 | €24,946 | +€543 | +2.2% |
| Non-recurring operating charges | 66A | €13,006 | - | -€13,006 | |
| Gross operating margin | 9900 | €506,488 | €453,307 | -€53,181 | -10.5% |
| Operating profit (loss) | 9901 | €431,849 | €394,382 | -€37,467 | -8.7% |
| Financial income | 75/76B | €837 | €700 | -€137 | -16.3% |
| Recurring financial income | 75 | €837 | €700 | -€137 | -16.3% |
| Financial charges | 65/66B | €518 | €515 | -€3 | -0.6% |
| Recurring financial charges | 65 | €518 | €515 | -€3 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €432,167 | €394,567 | -€37,600 | -8.7% |
| Income taxes | 67/77 | €127,755 | €99,453 | -€28,302 | -22.2% |
| Profit (loss) for the period | 9904 | €304,412 | €295,114 | -€9,298 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €304,412 | €295,114 | -€9,298 | -3.1% |
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 14 October 2026 via checked.be.