CHARCO: 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.
CHARCO
Largest movements
- Current investments +€33,792
up €33,792 (+422.4%), from €8,000 to €41,792
- Cash -€31,993
down €31,993 (-69.8%), from €45,862 to €13,868
mainly Current investments (-€33,792) and Investment in fixed assets (net) (-€27,079)
- Tangible fixed assets +€18,751
up €18,751 (+76.8%), from €24,426 to €43,177
- Receivables within one year -€11,348
down €11,348 (-25.5%), from €44,420 to €33,072
of which Other amounts receivable: -€9,985
- Other debts +€10,942
up €10,942 (+127.8%), from €8,564 to €19,506
- Tax, wage and social debts -€4,759
down €4,759 (-45.0%), from €10,574 to €5,815
- Accrued charges and deferred income +€3,569
new in 2025: €3,569
- Profit (loss) carried forward +€2,537
up €2,537 (+4.3%), from €58,994 to €61,531
- Gross operating margin -€23,415
down €23,415 (-62.0%), from €37,758 to €14,344
- Taxes -€8,386
down €8,386 (-77.5%), from €10,815 to €2,429
- Depreciation +€494
up €494 (+6.3%), from €7,833 to €8,328
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 | €123,714 | €135,043 | +€11,329 | +9.2% |
| Fixed assets | 21/28 | €24,576 | €43,327 | +€18,751 | +76.3% |
| Tangible fixed assets | 22/27 | €24,426 | €43,177 | +€18,751 | +76.8% |
| Plant, machinery and equipment | 23 | €24,426 | €43,177 | +€18,751 | +76.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €99,139 | €91,716 | -€7,422 | -7.5% |
| Stocks and contracts in progress | 3 | €857 | €2,163 | +€1,306 | +152.4% |
| Stocks | 30/36 | €857 | €2,163 | +€1,306 | +152.4% |
| Amounts receivable within one year | 40/41 | €44,420 | €33,072 | -€11,348 | -25.5% |
| Trade receivables | 40 | €22,012 | €20,650 | -€1,362 | -6.2% |
| Other amounts receivable | 41 | €22,407 | €12,422 | -€9,985 | -44.6% |
| Current investments | 50/53 | €8,000 | €41,792 | +€33,792 | +422.4% |
| Cash at bank and in hand | 54/58 | €45,862 | €13,868 | -€31,993 | -69.8% |
| Deferred charges and accrued income | 490/1 | - | €821 | +€821 | |
| Total equity and liabilities | 10/49 | €123,714 | €135,043 | +€11,329 | +9.2% |
| Equity | 10/15 | €90,590 | €93,127 | +€2,537 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,004 | €13,004 | = | 0.0% |
| 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 | €11,145 | €11,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,994 | €61,531 | +€2,537 | +4.3% |
| Amounts payable | 17/49 | €33,124 | €41,916 | +€8,792 | +26.5% |
| Amounts payable within one year | 42/48 | €33,124 | €38,346 | +€5,223 | +15.8% |
| Trade debts | 44 | €13,985 | €13,025 | -€960 | -6.9% |
| Suppliers | 440/4 | €13,985 | €13,025 | -€960 | -6.9% |
| Taxes, remuneration and social security | 45 | €10,574 | €5,815 | -€4,759 | -45.0% |
| Taxes | 450/3 | €10,574 | €5,815 | -€4,759 | -45.0% |
| Other amounts payable | 47/48 | €8,564 | €19,506 | +€10,942 | +127.8% |
| Accrued charges and deferred income | 492/3 | - | €3,569 | +€3,569 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,833 | €8,328 | +€494 | +6.3% |
| Other operating charges | 640/8 | €1,182 | €980 | -€201 | -17.0% |
| Gross operating margin | 9900 | €37,758 | €14,344 | -€23,415 | -62.0% |
| Operating profit (loss) | 9901 | €28,743 | €5,036 | -€23,707 | -82.5% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €108 | €70 | -€38 | -35.0% |
| Recurring financial charges | 65 | €108 | €70 | -€38 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €28,682 | €4,966 | -€23,716 | -82.7% |
| Income taxes | 67/77 | €10,815 | €2,429 | -€8,386 | -77.5% |
| Profit (loss) for the period | 9904 | €17,867 | €2,537 | -€15,330 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,867 | €2,537 | -€15,330 | -85.8% |
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 28 September 2026 via checked.be.