Charell: 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.
Charell
Largest movements
- Receivables after one year -€51,750
down €51,750 (-57.3%), from €90,315 to €38,565
- Receivables within one year -€7,020
down €7,020 (-5.5%), from €127,516 to €120,496
of which Trade receivables: -€32,326
- Stocks and contracts +€6,717
up €6,717 (+51.1%), from €13,153 to €19,870
- Tangible fixed assets -€5,423
down €5,423 (-62.7%), from €8,650 to €3,227
of which Furniture and vehicles: -€5,263
- Tax, wage and social debts -€48,615
down €48,615 (-47.8%), from €101,719 to €53,104
of which Taxes: -€30,774
- Trade debts -€27,356
down €27,356 (-44.8%), from €61,096 to €33,741
- Profit (loss) carried forward +€17,770
up €17,770 (+28.9%), from €61,573 to €79,343
- Current portion of long-term debt -€2,631
down €2,631 (-24.7%), from €10,631 to €8,000
- Staff costs -€76,285
down €76,285 (-25.4%), from €300,532 to €224,248
- Other operating charges +€39,367
up €39,367 (+567.7%), from €6,934 to €46,302
- Gross operating margin -€24,736
down €24,736 (-7.6%), from €324,285 to €299,549
- Financial income -€4,878
down €4,878 (-63.9%), from €7,633 to €2,755
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 | €253,619 | €192,787 | -€60,832 | -24.0% |
| Fixed assets | 21/28 | €8,650 | €3,227 | -€5,423 | -62.7% |
| Tangible fixed assets | 22/27 | €8,650 | €3,227 | -€5,423 | -62.7% |
| Plant, machinery and equipment | 23 | €383 | €223 | -€160 | -41.8% |
| Furniture and vehicles | 24 | €8,266 | €3,004 | -€5,263 | -63.7% |
| Current assets | 29/58 | €244,970 | €189,561 | -€55,409 | -22.6% |
| Amounts receivable after more than one year | 29 | €90,315 | €38,565 | -€51,750 | -57.3% |
| Other amounts receivable | 291 | €90,315 | €38,565 | -€51,750 | -57.3% |
| Stocks and contracts in progress | 3 | €13,153 | €19,870 | +€6,717 | +51.1% |
| Stocks | 30/36 | €13,153 | €19,870 | +€6,717 | +51.1% |
| Amounts receivable within one year | 40/41 | €127,516 | €120,496 | -€7,020 | -5.5% |
| Trade receivables | 40 | €116,455 | €84,128 | -€32,326 | -27.8% |
| Other amounts receivable | 41 | €11,062 | €36,368 | +€25,306 | +228.8% |
| Cash at bank and in hand | 54/58 | €10,468 | €8,018 | -€2,450 | -23.4% |
| Deferred charges and accrued income | 490/1 | €3,518 | €2,612 | -€906 | -25.7% |
| Total equity and liabilities | 10/49 | €253,619 | €192,787 | -€60,832 | -24.0% |
| Equity | 10/15 | €80,173 | €97,943 | +€17,770 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,573 | €79,343 | +€17,770 | +28.9% |
| Amounts payable | 17/49 | €173,446 | €94,845 | -€78,602 | -45.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €173,446 | €94,845 | -€78,602 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €10,631 | €8,000 | -€2,631 | -24.7% |
| Trade debts | 44 | €61,096 | €33,741 | -€27,356 | -44.8% |
| Suppliers | 440/4 | €61,096 | €33,741 | -€27,356 | -44.8% |
| Taxes, remuneration and social security | 45 | €101,719 | €53,104 | -€48,615 | -47.8% |
| Taxes | 450/3 | €41,529 | €10,755 | -€30,774 | -74.1% |
| Remuneration and social security | 454/9 | €60,190 | €42,349 | -€17,841 | -29.6% |
| Non-recurring operating income | 76A | €3,725 | €0 | -€3,725 | -100.0% |
| Remuneration, social security and pensions | 62 | €300,532 | €224,248 | -€76,285 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,343 | €6,720 | +€377 | +5.9% |
| Other operating charges | 640/8 | €6,934 | €46,302 | +€39,367 | +567.7% |
| Non-recurring operating charges | 66A | €1,358 | €0 | -€1,358 | -100.0% |
| Gross operating margin | 9900 | €324,285 | €299,549 | -€24,736 | -7.6% |
| Operating profit (loss) | 9901 | €9,118 | €22,280 | +€13,162 | +144.4% |
| Financial income | 75/76B | €7,633 | €2,755 | -€4,878 | -63.9% |
| Recurring financial income | 75 | €7,633 | €2,755 | -€4,878 | -63.9% |
| Financial charges | 65/66B | €3,063 | €3,036 | -€28 | -0.9% |
| Recurring financial charges | 65 | €3,063 | €3,036 | -€28 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €13,688 | €21,999 | +€8,311 | +60.7% |
| Income taxes | 67/77 | €5,600 | €4,230 | -€1,371 | -24.5% |
| Profit (loss) for the period | 9904 | €8,088 | €17,770 | +€9,682 | +119.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,088 | €17,770 | +€9,682 | +119.7% |
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 10 October 2026 via checked.be.