CHARLEMAGNE: 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.
CHARLEMAGNE
Largest movements
- Receivables within one year -€37,763
down €37,763 (-27.6%), from €137,002 to €99,238
of which Other amounts receivable: -€34,045
- Tangible fixed assets -€12,567
down €12,567 (-21.2%), from €59,142 to €46,575
of which Furniture and vehicles: -€6,814
- Cash +€4,477
up €4,477 (+25.0%), from €17,941 to €22,418
mainly Receivables within one year (+€37,763) and Depreciation (+€16,742)
- Stocks and contracts +€2,836
up €2,836 (+42.3%), from €6,700 to €9,537
- Provisions -€20,000
down €20,000 (-18.5%), from €107,993 to €87,993
- Tax, wage and social debts -€18,614
down €18,614 (-17.5%), from €106,634 to €88,020
of which Remuneration and social security: -€17,748
- Debts after one year -€4,503
down €4,503 (-5.2%), from €86,703 to €82,200
- Investment grants -€4,258
down €4,258 (-20.0%), from €21,308 to €17,050
- Profit (loss) carried forward +€3,599
up €3,599 (+3.3%), from -€107,675 to -€104,076
- Staff costs +€25,104
up €25,104 (+4.5%), from €562,919 to €588,023
- Gross operating margin +€18,223
up €18,223 (+3.1%), from €593,439 to €611,661
- Purchases and services -€8,715
down €8,715 (-5.3%), from €163,464 to €154,749
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 | €221,837 | €178,820 | -€43,017 | -19.4% |
| Fixed assets | 21/28 | €60,193 | €47,626 | -€12,567 | -20.9% |
| Tangible fixed assets | 22/27 | €59,142 | €46,575 | -€12,567 | -21.2% |
| Plant, machinery and equipment | 23 | €26,655 | €20,903 | -€5,753 | -21.6% |
| Furniture and vehicles | 24 | €32,486 | €25,672 | -€6,814 | -21.0% |
| Financial fixed assets | 28 | €1,051 | €1,051 | = | 0.0% |
| Current assets | 29/58 | €161,644 | €131,193 | -€30,450 | -18.8% |
| Stocks and contracts in progress | 3 | €6,700 | €9,537 | +€2,836 | +42.3% |
| Stocks | 30/36 | €6,700 | €9,537 | +€2,836 | +42.3% |
| Amounts receivable within one year | 40/41 | €137,002 | €99,238 | -€37,763 | -27.6% |
| Trade receivables | 40 | €13,029 | €9,310 | -€3,718 | -28.5% |
| Other amounts receivable | 41 | €123,973 | €89,928 | -€34,045 | -27.5% |
| Cash at bank and in hand | 54/58 | €17,941 | €22,418 | +€4,477 | +25.0% |
| Total equity and liabilities | 10/49 | €221,837 | €178,820 | -€43,017 | -19.4% |
| Equity | 10/15 | -€86,367 | -€87,026 | -€659 | -0.8% |
| Profit (loss) carried forward | 14 | -€107,675 | -€104,076 | +€3,599 | +3.3% |
| Investment grants | 15 | €21,308 | €17,050 | -€4,258 | -20.0% |
| Provisions and deferred taxes | 16 | €107,993 | €87,993 | -€20,000 | -18.5% |
| Provisions for liabilities and charges | 160/5 | €107,993 | €87,993 | -€20,000 | -18.5% |
| Environmental obligations | 163 | €107,993 | €87,993 | -€20,000 | -18.5% |
| Amounts payable | 17/49 | €200,211 | €177,853 | -€22,358 | -11.2% |
| Amounts payable after more than one year | 17 | €86,703 | €82,200 | -€4,503 | -5.2% |
| Financial debts | 170/4 | €86,703 | €82,200 | -€4,503 | -5.2% |
| Amounts payable within one year | 42/48 | €113,509 | €95,653 | -€17,855 | -15.7% |
| Trade debts | 44 | €6,875 | €7,633 | +€759 | +11.0% |
| Suppliers | 440/4 | €6,875 | €7,633 | +€759 | +11.0% |
| Taxes, remuneration and social security | 45 | €106,634 | €88,020 | -€18,614 | -17.5% |
| Taxes | 450/3 | €11,790 | €10,924 | -€866 | -7.3% |
| Remuneration and social security | 454/9 | €94,844 | €77,096 | -€17,748 | -18.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €163,464 | €154,749 | -€8,715 | -5.3% |
| Remuneration, social security and pensions | 62 | €562,919 | €588,023 | +€25,104 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,467 | €16,742 | -€2,725 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,381 | - | -€2,381 | |
| Other operating charges | 640/8 | - | €1,954 | +€1,954 | |
| Gross operating margin | 9900 | €593,439 | €611,661 | +€18,223 | +3.1% |
| Operating profit (loss) | 9901 | €8,672 | €4,942 | -€3,729 | -43.0% |
| Financial income | 75/76B | €324 | €270 | -€54 | -16.6% |
| Recurring financial income | 75 | €324 | €270 | -€54 | -16.6% |
| Financial charges | 65/66B | €401 | €1,614 | +€1,213 | +302.2% |
| Recurring financial charges | 65 | €401 | €1,614 | +€1,213 | +302.2% |
| Profit (loss) for the period before taxes | 9903 | €8,594 | €3,599 | -€4,996 | -58.1% |
| Profit (loss) for the period | 9904 | €8,594 | €3,599 | -€4,996 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,594 | €3,599 | -€4,996 | -58.1% |
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 4 October 2026 via checked.be.