CHARIOT MANAGEMENT: 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.
CHARIOT MANAGEMENT
Largest movements
- Deferred charges and accrued income -€19,493
down €19,493 (-70.8%), from €27,537 to €8,044
- Receivables within one year -€15,516
down €15,516 (-78.3%), from €19,815 to €4,300
- Cash -€6,611
no longer reported in 2025 (was €6,611)
mainly Net result for the year (-€91,811) and Accrued charges and deferred income (-€13,640)
- Profit (loss) carried forward -€91,811
down €91,811 (-117%), from -€78,406 to -€170,217
- Other debts +€61,735
up €61,735 (+79.8%), from €77,358 to €139,093
- Accrued charges and deferred income -€13,640
no longer reported in 2025 (was €13,640)
- Gross operating margin +€20,935
up €20,935 (+25.5%), from -€82,199 to -€61,264
- Staff costs +€13,506
up €13,506 (+255%), from €5,302 to €18,808
- Depreciation +€5,249
up €5,249 (+808%), from €650 to €5,899
- Financial income -€4,508
no longer reported in 2025 (was €4,508)
- Other operating charges +€4,448
up €4,448 (+404%), from €1,100 to €5,548
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 | €349,223 | €307,584 | -€41,639 | -11.9% |
| Fixed assets | 21/28 | €295,259 | €295,240 | -€20 | 0.0% |
| Tangible fixed assets | 22/27 | €295,034 | €295,015 | -€20 | 0.0% |
| Plant, machinery and equipment | 23 | €53,114 | €51,717 | -€1,397 | -2.6% |
| Furniture and vehicles | 24 | €241,920 | €243,297 | +€1,377 | +0.6% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €53,964 | €12,344 | -€41,620 | -77.1% |
| Amounts receivable within one year | 40/41 | €19,815 | €4,300 | -€15,516 | -78.3% |
| Other amounts receivable | 41 | €19,815 | €4,300 | -€15,516 | -78.3% |
| Cash at bank and in hand | 54/58 | €6,611 | - | -€6,611 | |
| Deferred charges and accrued income | 490/1 | €27,537 | €8,044 | -€19,493 | -70.8% |
| Total equity and liabilities | 10/49 | €349,223 | €307,584 | -€41,639 | -11.9% |
| Equity | 10/15 | €162,131 | €70,320 | -€91,811 | -56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,937 | €221,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €220,077 | €220,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,406 | -€170,217 | -€91,811 | -117% |
| Provisions and deferred taxes | 16 | €73,359 | €73,359 | = | 0.0% |
| Deferred taxes | 168 | €73,359 | €73,359 | = | 0.0% |
| Amounts payable | 17/49 | €113,733 | €163,904 | +€50,172 | +44.1% |
| Amounts payable within one year | 42/48 | €100,092 | €163,904 | +€63,812 | +63.8% |
| Trade debts | 44 | €22,734 | €24,811 | +€2,077 | +9.1% |
| Suppliers | 440/4 | €22,734 | €24,811 | +€2,077 | +9.1% |
| Other amounts payable | 47/48 | €77,358 | €139,093 | +€61,735 | +79.8% |
| Accrued charges and deferred income | 492/3 | €13,640 | - | -€13,640 | |
| Remuneration, social security and pensions | 62 | €5,302 | €18,808 | +€13,506 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €5,899 | +€5,249 | +808% |
| Other operating charges | 640/8 | €1,100 | €5,548 | +€4,448 | +404% |
| Gross operating margin | 9900 | -€82,199 | -€61,264 | +€20,935 | +25.5% |
| Operating profit (loss) | 9901 | -€89,251 | -€91,519 | -€2,268 | -2.5% |
| Financial income | 75/76B | €4,508 | - | -€4,508 | |
| Recurring financial income | 75 | €4,508 | - | -€4,508 | |
| Financial charges | 65/66B | €142 | €192 | +€49 | +34.5% |
| Recurring financial charges | 65 | €142 | €192 | +€49 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | -€84,886 | -€91,711 | -€6,825 | -8.0% |
| Income taxes | 67/77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | -€84,886 | -€91,811 | -€6,925 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,886 | -€91,811 | -€6,925 | -8.2% |
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 21 October 2026 via checked.be.