CHARLEMAGNE: 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.
What changed
CHARLEMAGNE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,673
2024 · -€8,155+€483
Equity
€163,310
2024 · €170,983-€7,673
Cash
€131
2024 · €676-€545
Balance sheet total
€221,541
2024 · €250,701-€29,160
Largest movements
Assets
- Tangible fixed assets -€28,065
down €28,065 (-12.2%), from €230,297 to €202,232
Equity and liabilities
- Debts after one year -€18,321
down €18,321 (-92.4%), from €19,821 to €1,500
- Profit (loss) carried forward -€7,673
down €7,673 (-10.1%), from €76,109 to €68,436
- Other debts -€4,593
down €4,593 (-23.6%), from €19,466 to €14,874
- Trade debts +€4,568
up €4,568 (+751%), from €608 to €5,176
- Current portion of long-term debt -€3,835
down €3,835 (-17.3%), from €22,156 to €18,321
Income statement
- Gross operating margin -€1,025
down €1,025 (-3.5%), from €29,104 to €28,079
- Staff costs -€624
down €624 (-100%), from €624 to €0
- Depreciation -€343
down €343 (-1.2%), from €28,408 to €28,065
- Financial charges -€310
down €310 (-11.8%), from €2,638 to €2,327
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
-€8,155
Gross operating margin
-€1,025
Staff costs
+€624
Depreciation
+€343
Other operating charges
+€210
Financial income
+€10
Financial charges
+€310
Taxes
+€10
Result 2025
-€7,673
raises the resultlowers the result
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.
From operations
+€21,139
Investment
-€42
Financing
-€21,642
Cash 2024
€676
From operations (derived)
+€21,139
Net result for the year
-€7,673
Depreciation
+€28,065
Receivables within one year
+€862
Deferred charges and accrued income
-€269
Trade debts
+€4,568
Tax, wage and social debts
+€179
Other debts
-€4,593
Investment (derived)
-€42
Current investments
-€42
Financing
-€21,642
Debts after one year
-€18,321
Current portion of long-term debt
-€3,835
Short-term financial debts
+€514
Cash 2025
€131
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €250,701 | €221,541 | -€29,160 | -11.6% |
| Fixed assets | 21/28 | €230,299 | €202,234 | -€28,065 | -12.2% |
| Tangible fixed assets | 22/27 | €230,297 | €202,232 | -€28,065 | -12.2% |
| Land and buildings | 22 | €207,618 | €196,355 | -€11,263 | -5.4% |
| Plant, machinery and equipment | 23 | €10,322 | €0 | -€10,322 | -100% |
| Furniture and vehicles | 24 | €12,357 | €5,877 | -€6,480 | -52.4% |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €20,402 | €19,307 | -€1,095 | -5.4% |
| Amounts receivable within one year | 40/41 | €12,574 | €11,712 | -€862 | -6.9% |
| Trade receivables | 40 | €12,403 | €11,712 | -€692 | -5.6% |
| Other amounts receivable | 41 | €170 | €0 | -€170 | -100% |
| Current investments | 50/53 | €4,960 | €5,002 | +€42 | +0.9% |
| Cash at bank and in hand | 54/58 | €676 | €131 | -€545 | -80.7% |
| Deferred charges and accrued income | 490/1 | €2,193 | €2,462 | +€269 | +12.3% |
| Total equity and liabilities | 10/49 | €250,701 | €221,541 | -€29,160 | -11.6% |
| Equity | 10/15 | €170,983 | €163,310 | -€7,673 | -4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €32,900 | €32,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €26,703 | €26,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,109 | €68,436 | -€7,673 | -10.1% |
| Amounts payable | 17/49 | €79,718 | €58,231 | -€21,487 | -27.0% |
| Amounts payable after more than one year | 17 | €19,821 | €1,500 | -€18,321 | -92.4% |
| Financial debts | 170/4 | €19,821 | €1,500 | -€18,321 | -92.4% |
| Amounts payable within one year | 42/48 | €59,897 | €56,731 | -€3,166 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €22,156 | €18,321 | -€3,835 | -17.3% |
| Financial debts | 43 | €16,941 | €17,455 | +€514 | +3.0% |
| Credit institutions | 430/8 | €16,941 | €17,455 | +€514 | +3.0% |
| Trade debts | 44 | €608 | €5,176 | +€4,568 | +751% |
| Suppliers | 440/4 | €608 | €5,176 | +€4,568 | +751% |
| Taxes, remuneration and social security | 45 | €726 | €905 | +€179 | +24.7% |
| Taxes | 450/3 | €497 | €676 | +€179 | +36.0% |
| Remuneration and social security | 454/9 | €229 | €229 | = | 0.0% |
| Other amounts payable | 47/48 | €19,466 | €14,874 | -€4,593 | -23.6% |
| Remuneration, social security and pensions | 62 | €624 | €0 | -€624 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,408 | €28,065 | -€343 | -1.2% |
| Other operating charges | 640/8 | €5,354 | €5,144 | -€210 | -3.9% |
| Gross operating margin | 9900 | €29,104 | €28,079 | -€1,025 | -3.5% |
| Operating profit (loss) | 9901 | -€5,282 | -€5,130 | +€152 | +2.9% |
| Financial income | 75/76B | €40 | €50 | +€10 | +24.2% |
| Recurring financial income | 75 | €40 | €50 | +€10 | +24.2% |
| Financial charges | 65/66B | €2,638 | €2,327 | -€310 | -11.8% |
| Recurring financial charges | 65 | €2,638 | €2,327 | -€310 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,880 | -€7,408 | +€472 | +6.0% |
| Income taxes | 67/77 | €275 | €265 | -€10 | -3.7% |
| Profit (loss) for the period | 9904 | -€8,155 | -€7,673 | +€483 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,155 | -€7,673 | +€483 | +5.9% |
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 13 October 2026 via checked.be.