CHAREX: 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.
CHAREX
Largest movements
- Tangible fixed assets +€374,521
up €374,521 (+32.6%), from €1.1m to €1.5m
of which Land and buildings: +€381,113
- Receivables within one year -€349,264
down €349,264 (-61.0%), from €572,716 to €223,452
of which Trade receivables: -€342,393
- Cash -€211,556
down €211,556 (-85.3%), from €247,975 to €36,419
mainly Investment in fixed assets (net) (-€458,724) and Tax, wage and social debts (-€124,707)
- Tax, wage and social debts -€124,707
no longer reported in 2025 (was €124,707)
- Profit (loss) carried forward -€50,018
down €50,018 (-18.9%), from €264,425 to €214,406
- Financial income -€294,109
down €294,109 (-99.5%), from €295,662 to €1,553
- Taxes -€69,760
down €69,760, from €65,416 to -€4,344
- Gross operating margin +€68,038
up €68,038, from -€55,630 to €12,407
- Depreciation +€36,737
up €36,737 (+77.4%), from €47,466 to €84,203
- Financial charges -€11,065
down €11,065 (-75.2%), from €14,711 to €3,646
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 | €1,985,117 | €1,793,696 | -€191,421 | -9.6% |
| Fixed assets | 21/28 | €1,156,312 | €1,530,832 | +€374,521 | +32.4% |
| Tangible fixed assets | 22/27 | €1,149,416 | €1,523,937 | +€374,521 | +32.6% |
| Land and buildings | 22 | €1,125,120 | €1,506,233 | +€381,113 | +33.9% |
| Plant, machinery and equipment | 23 | €3,254 | €5,708 | +€2,454 | +75.4% |
| Furniture and vehicles | 24 | €21,043 | €11,996 | -€9,047 | -43.0% |
| Financial fixed assets | 28 | €6,895 | €6,895 | = | 0.0% |
| Current assets | 29/58 | €828,805 | €262,864 | -€565,942 | -68.3% |
| Amounts receivable within one year | 40/41 | €572,716 | €223,452 | -€349,264 | -61.0% |
| Trade receivables | 40 | €532,659 | €190,266 | -€342,393 | -64.3% |
| Other amounts receivable | 41 | €40,058 | €33,186 | -€6,871 | -17.2% |
| Cash at bank and in hand | 54/58 | €247,975 | €36,419 | -€211,556 | -85.3% |
| Deferred charges and accrued income | 490/1 | €8,115 | €2,993 | -€5,122 | -63.1% |
| Total equity and liabilities | 10/49 | €1,985,117 | €1,793,696 | -€191,421 | -9.6% |
| Equity | 10/15 | €1,755,987 | €1,687,605 | -€68,381 | -3.9% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,091,562 | €1,073,199 | -€18,363 | -1.7% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Tax-exempt reserves | 132 | €310,641 | €292,278 | -€18,363 | -5.9% |
| Distributable reserves | 133 | €706,553 | €706,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,425 | €214,406 | -€50,018 | -18.9% |
| Provisions and deferred taxes | 16 | €103,543 | €97,422 | -€6,121 | -5.9% |
| Deferred taxes | 168 | €103,543 | €97,422 | -€6,121 | -5.9% |
| Amounts payable | 17/49 | €125,587 | €8,669 | -€116,919 | -93.1% |
| Amounts payable within one year | 42/48 | €125,587 | €8,669 | -€116,919 | -93.1% |
| Trade debts | 44 | €854 | €8,643 | +€7,789 | +912.1% |
| Suppliers | 440/4 | €854 | €8,643 | +€7,789 | +912.1% |
| Taxes, remuneration and social security | 45 | €124,707 | - | -€124,707 | |
| Taxes | 450/3 | €124,707 | - | -€124,707 | |
| Other amounts payable | 47/48 | €26 | €26 | = | 0.0% |
| Non-recurring operating income | 76A | €428 | €12,310 | +€11,883 | +2779.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,466 | €84,203 | +€36,737 | +77.4% |
| Other operating charges | 640/8 | €4,575 | €4,958 | +€383 | +8.4% |
| Gross operating margin | 9900 | -€55,630 | €12,407 | +€68,038 | |
| Operating profit (loss) | 9901 | -€107,671 | -€76,753 | +€30,918 | +28.7% |
| Financial income | 75/76B | €295,662 | €1,553 | -€294,109 | -99.5% |
| Recurring financial income | 75 | €295,662 | €1,553 | -€294,109 | -99.5% |
| Financial charges | 65/66B | €14,711 | €3,646 | -€11,065 | -75.2% |
| Recurring financial charges | 65 | €14,711 | €3,646 | -€11,065 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €173,280 | -€78,846 | -€252,127 | |
| Transfer from deferred taxes | 780 | €72,693 | €6,121 | -€66,572 | -91.6% |
| Income taxes | 67/77 | €65,416 | -€4,344 | -€69,760 | |
| Profit (loss) for the period | 9904 | €180,557 | -€68,381 | -€248,938 | |
| Transfer from tax-exempt reserves | 789 | €218,078 | €18,363 | -€199,715 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €398,635 | -€50,018 | -€448,653 |
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 11 October 2026 via checked.be.