CHARGAZ: 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
CHARGAZ
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€96,021
2024 · €192,441-€96,420
Equity
€5.9m
2024 · €5.8m+€96,021
Cash
€13,536
2024 · €30,428-€16,891
Balance sheet total
€6.1m
2024 · €6.0m+€74,637
Largest movements
Assets
- Financial fixed assets +€61,500
up €61,500 (+1.0%), from €6.0m to €6.0m
Equity and liabilities
- Profit (loss) carried forward +€96,021
up €96,021 (+1.7%), from €5.5m to €5.6m
Income statement
- Financial income -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
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
€192,441
Depreciation
-€1,992
Other operating items
+€5,603
Financial income
-€100,000
Financial charges
-€31
Result 2025
€96,021
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
+€71,825
Investment
-€88,716
Financing
€0
Cash 2024
€30,428
From operations (derived)
+€71,825
Net result for the year
+€96,021
Depreciation
+€3,877
Receivables within one year
-€6,690
Trade debts
+€841
Other debts
-€22,224
Investment (derived)
-€88,716
Investment in fixed assets (net)
-€88,716
Cash 2025
€13,536
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,017,683 | €6,092,320 | +€74,637 | +1.2% |
| Fixed assets | 21/28 | €5,976,943 | €6,061,782 | +€84,839 | +1.4% |
| Intangible fixed assets | 21 | €690 | €17,786 | +€17,096 | +2476.2% |
| Tangible fixed assets | 22/27 | - | €6,243 | +€6,243 | |
| Plant, machinery and equipment | 23 | - | €6,243 | +€6,243 | |
| Financial fixed assets | 28 | €5,976,252 | €6,037,752 | +€61,500 | +1.0% |
| Affiliated companies | 280/1 | €5,976,252 | €6,037,752 | +€61,500 | +1.0% |
| Participating interests | 280 | €5,085,252 | €5,085,252 | = | 0.0% |
| Amounts receivable | 281 | €891,000 | €952,500 | +€61,500 | +6.9% |
| Current assets | 29/58 | €40,740 | €30,538 | -€10,202 | -25.0% |
| Amounts receivable within one year | 40/41 | €8,923 | €15,612 | +€6,690 | +75.0% |
| Trade receivables | 40 | €8,392 | €6,970 | -€1,422 | -16.9% |
| Other amounts receivable | 41 | €531 | €8,642 | +€8,111 | +1528.4% |
| Cash at bank and in hand | 54/58 | €30,428 | €13,536 | -€16,891 | -55.5% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,390 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,017,683 | €6,092,320 | +€74,637 | +1.2% |
| Equity | 10/15 | €5,834,863 | €5,930,884 | +€96,021 | +1.6% |
| Contributions | 10/11 | €276,000 | €276,000 | = | 0.0% |
| Capital | 10 | €276,000 | €276,000 | = | 0.0% |
| Issued capital | 100 | €276,000 | €276,000 | = | 0.0% |
| Reserves | 13 | €27,600 | €27,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,600 | €27,600 | = | 0.0% |
| Legal reserve | 130 | €27,600 | €27,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,531,263 | €5,627,284 | +€96,021 | +1.7% |
| Amounts payable | 17/49 | €182,820 | €161,436 | -€21,383 | -11.7% |
| Amounts payable within one year | 42/48 | €182,820 | €161,436 | -€21,383 | -11.7% |
| Trade debts | 44 | - | €841 | +€841 | |
| Suppliers | 440/4 | - | €841 | +€841 | |
| Other amounts payable | 47/48 | €182,820 | €160,596 | -€22,224 | -12.2% |
| Operating income | 70/76A | €6,970 | €20,761 | +€13,791 | +197.9% |
| Other operating income | 74 | €6,970 | €20,761 | +€13,791 | +197.9% |
| Operating charges | 60/66A | €13,610 | €23,791 | +€10,180 | +74.8% |
| Services and other goods | 61 | €11,725 | €19,914 | +€8,188 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,885 | €3,877 | +€1,992 | +105.7% |
| Operating profit (loss) | 9901 | -€6,641 | -€3,030 | +€3,611 | +54.4% |
| Financial income | 75/76B | €200,000 | €100,000 | -€100,000 | -50.0% |
| Recurring financial income | 75 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Income from financial fixed assets | 750 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Financial charges | 65/66B | €918 | €949 | +€31 | +3.4% |
| Recurring financial charges | 65 | €918 | €949 | +€31 | +3.4% |
| Debt charges | 650 | - | €949 | +€949 | |
| Other financial charges | 652/9 | €918 | - | -€918 | |
| Profit (loss) for the period before taxes | 9903 | €192,441 | €96,021 | -€96,420 | -50.1% |
| Profit (loss) for the period | 9904 | €192,441 | €96,021 | -€96,420 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €192,441 | €96,021 | -€96,420 | -50.1% |
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 7 October 2026 via checked.be.