CHARL'S: 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.
CHARL'S
Largest movements
- Cash -€141,239
down €141,239 (-59.0%), from €239,537 to €98,298
mainly Net result for the year (-€177,517) and Investment in fixed assets (net) (-€96,505)
- Receivables within one year +€45,230
up €45,230 (+394%), from €11,484 to €56,714
of which Trade receivables: +€45,235
- Tangible fixed assets +€44,813
up €44,813 (+33.9%), from €132,012 to €176,825
of which Land and buildings: +€69,577
- Stocks and contracts +€7,091
up €7,091 (+21.8%), from €32,500 to €39,591
- Deferred charges and accrued income +€6,245
up €6,245 (+199%), from €3,142 to €9,387
- Profit (loss) carried forward -€177,517
down €177,517, from €104,225 to -€73,292
- Other debts +€100,000
new in 2025: €100,000
- Trade debts +€27,676
up €27,676 (+20.5%), from €134,917 to €162,593
- Tax, wage and social debts +€12,462
up €12,462 (+18.2%), from €68,513 to €80,975
of which Remuneration and social security: +€9,274
- Staff costs +€174,369
up €174,369 (+23.9%), from €730,406 to €904,776
- Gross operating margin +€92,983
up €92,983 (+13.6%), from €681,921 to €774,904
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 | €523,736 | €485,876 | -€37,860 | -7.2% |
| Fixed assets | 21/28 | €132,074 | €176,886 | +€44,813 | +33.9% |
| Tangible fixed assets | 22/27 | €132,012 | €176,825 | +€44,813 | +33.9% |
| Land and buildings | 22 | €53,024 | €122,602 | +€69,577 | +131% |
| Plant, machinery and equipment | 23 | €51,343 | €38,273 | -€13,070 | -25.5% |
| Furniture and vehicles | 24 | €27,645 | €15,950 | -€11,695 | -42.3% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €391,663 | €308,990 | -€82,673 | -21.1% |
| Amounts receivable after more than one year | 29 | €105,000 | €105,000 | = | 0.0% |
| Other amounts receivable | 291 | €105,000 | €105,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €32,500 | €39,591 | +€7,091 | +21.8% |
| Stocks | 30/36 | €32,500 | €39,591 | +€7,091 | +21.8% |
| Amounts receivable within one year | 40/41 | €11,484 | €56,714 | +€45,230 | +394% |
| Trade receivables | 40 | €10,502 | €55,736 | +€45,235 | +431% |
| Other amounts receivable | 41 | €983 | €978 | -€5 | -0.5% |
| Cash at bank and in hand | 54/58 | €239,537 | €98,298 | -€141,239 | -59.0% |
| Deferred charges and accrued income | 490/1 | €3,142 | €9,387 | +€6,245 | +199% |
| Total equity and liabilities | 10/49 | €523,736 | €485,876 | -€37,860 | -7.2% |
| Equity | 10/15 | €319,825 | €142,308 | -€177,517 | -55.5% |
| Contributions | 10/11 | €196,000 | €196,000 | = | 0.0% |
| Capital | 10 | €196,000 | €196,000 | = | 0.0% |
| Issued capital | 100 | €196,000 | €196,000 | = | 0.0% |
| Reserves | 13 | €19,600 | €19,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,600 | €19,600 | = | 0.0% |
| Legal reserve | 130 | €19,600 | €19,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,225 | -€73,292 | -€177,517 | |
| Amounts payable | 17/49 | €203,911 | €343,568 | +€139,657 | +68.5% |
| Amounts payable within one year | 42/48 | €203,430 | €343,568 | +€140,138 | +68.9% |
| Trade debts | 44 | €134,917 | €162,593 | +€27,676 | +20.5% |
| Suppliers | 440/4 | €134,917 | €162,593 | +€27,676 | +20.5% |
| Taxes, remuneration and social security | 45 | €68,513 | €80,975 | +€12,462 | +18.2% |
| Taxes | 450/3 | €642 | €3,830 | +€3,188 | +496% |
| Remuneration and social security | 454/9 | €67,871 | €77,144 | +€9,274 | +13.7% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €481 | €0 | -€481 | -100% |
| Remuneration, social security and pensions | 62 | €730,406 | €904,776 | +€174,369 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,739 | €51,692 | +€953 | +1.9% |
| Other operating charges | 640/8 | €2,121 | €1,755 | -€366 | -17.3% |
| Gross operating margin | 9900 | €681,921 | €774,904 | +€92,983 | +13.6% |
| Operating profit (loss) | 9901 | -€101,346 | -€183,319 | -€81,973 | -80.9% |
| Financial income | 75/76B | €9,025 | €7,593 | -€1,431 | -15.9% |
| Recurring financial income | 75 | €9,025 | €7,593 | -€1,431 | -15.9% |
| Financial charges | 65/66B | €1,851 | €1,791 | -€60 | -3.2% |
| Recurring financial charges | 65 | €1,851 | €1,791 | -€60 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,172 | -€177,517 | -€83,344 | -88.5% |
| Profit (loss) for the period | 9904 | -€94,172 | -€177,517 | -€83,344 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,172 | -€177,517 | -€83,344 | -88.5% |
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 29 October 2026 via checked.be.