CHARITY TWO: 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.
CHARITY TWO
Largest movements
- Tangible fixed assets -€602,611
down €602,611 (-4.9%), from €12.3m to €11.7m
- Debts after one year -€409,360
down €409,360 (-5.8%), from €7.1m to €6.7m
of which Financial debts: -€409,320
- Profit (loss) carried forward -€235,033
down €235,033 (-37.6%), from -€625,533 to -€860,567
- Trade debts +€144,381
up €144,381 (+266%), from €54,261 to €198,642
- Depreciation +€163,330
up €163,330 (+31.1%), from €524,998 to €688,328
- Gross operating margin -€84,853
down €84,853 (-11.4%), from €745,797 to €660,945
- Financial charges -€10,672
down €10,672 (-9.2%), from €116,283 to €105,611
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 | €12,605,655 | €12,124,141 | -€481,515 | -3.8% |
| Fixed assets | 21/28 | €12,333,776 | €11,731,165 | -€602,611 | -4.9% |
| Tangible fixed assets | 22/27 | €12,333,776 | €11,731,165 | -€602,611 | -4.9% |
| Land and buildings | 22 | €12,333,776 | €11,731,165 | -€602,611 | -4.9% |
| Current assets | 29/58 | €271,879 | €392,976 | +€121,097 | +44.5% |
| Amounts receivable within one year | 40/41 | €254,088 | €373,607 | +€119,519 | +47.0% |
| Trade receivables | 40 | €41,858 | €159,846 | +€117,988 | +282% |
| Other amounts receivable | 41 | €212,230 | €213,761 | +€1,531 | +0.7% |
| Cash at bank and in hand | 54/58 | €12,033 | €13,323 | +€1,290 | +10.7% |
| Deferred charges and accrued income | 490/1 | €5,758 | €6,046 | +€288 | +5.0% |
| Total equity and liabilities | 10/49 | €12,605,655 | €12,124,141 | -€481,515 | -3.8% |
| Equity | 10/15 | €4,937,467 | €4,702,433 | -€235,033 | -4.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,500,000 | €5,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€625,533 | -€860,567 | -€235,033 | -37.6% |
| Amounts payable | 17/49 | €7,668,189 | €7,421,707 | -€246,481 | -3.2% |
| Amounts payable after more than one year | 17 | €7,106,412 | €6,697,052 | -€409,360 | -5.8% |
| Financial debts | 170/4 | €7,103,752 | €6,694,432 | -€409,320 | -5.8% |
| Other amounts payable | 178/9 | €2,660 | €2,620 | -€40 | -1.5% |
| Amounts payable within one year | 42/48 | €536,723 | €700,660 | +€163,936 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €409,099 | €425,748 | +€16,649 | +4.1% |
| Financial debts | 43 | €73,363 | €75,602 | +€2,238 | +3.1% |
| Credit institutions | 430/8 | €73,363 | - | -€73,363 | |
| Other loans | 439 | - | €75,602 | +€75,602 | |
| Trade debts | 44 | €54,261 | €198,642 | +€144,381 | +266% |
| Suppliers | 440/4 | €54,261 | €198,642 | +€144,381 | +266% |
| Taxes, remuneration and social security | 45 | - | €668 | +€668 | |
| Taxes | 450/3 | - | €668 | +€668 | |
| Accrued charges and deferred income | 492/3 | €25,054 | €23,996 | -€1,058 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524,998 | €688,328 | +€163,330 | +31.1% |
| Other operating charges | 640/8 | €98,584 | €102,441 | +€3,857 | +3.9% |
| Gross operating margin | 9900 | €745,797 | €660,945 | -€84,853 | -11.4% |
| Operating profit (loss) | 9901 | €122,215 | -€129,824 | -€252,039 | |
| Financial income | 75/76B | €72 | €402 | +€330 | +461% |
| Recurring financial income | 75 | €72 | €402 | +€330 | +461% |
| Financial charges | 65/66B | €116,283 | €105,611 | -€10,672 | -9.2% |
| Recurring financial charges | 65 | €116,283 | €105,611 | -€10,672 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €6,004 | -€235,033 | -€241,037 | |
| Profit (loss) for the period | 9904 | €6,004 | -€235,033 | -€241,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,004 | -€235,033 | -€241,037 |
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.