CHARLEMAGNE 2008: 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.
CHARLEMAGNE 2008
Largest movements
- Tangible fixed assets -€914,583
down €914,583 (-31.3%), from €2.9m to €2.0m
of which Land and buildings: -€914,295
- Receivables within one year +€890,945
up €890,945 (+658%), from €135,349 to €1.0m
of which Other amounts receivable: +€886,557
- Profit (loss) carried forward +€461,437
up €461,437 (+962%), from €47,956 to €509,393
- Reserves -€258,212
down €258,212 (-25.4%), from €1.0m to €756,677
of which Tax-exempt reserves: -€258,212
- Debts after one year -€115,189
down €115,189 (-8.7%), from €1.3m to €1.2m
of which Financial debts: -€120,459
- Provisions -€86,071
down €86,071 (-25.8%), from €333,763 to €247,693
- Trade debts -€45,009
down €45,009 (-73.2%), from €61,447 to €16,437
- Taxes +€156,996
up €156,996, from €0 to €156,996
of which Taxes: +€157,000
- Other operating charges +€34,184
up €34,184 (+117%), from €29,286 to €63,470
- Services and other goods +€27,465
up €27,465 (+30.6%), from €89,775 to €117,240
- Financial income +€17,384
up €17,384 (+290%), from €5,989 to €23,373
- Depreciation -€15,285
down €15,285 (-11.2%), from €135,923 to €120,637
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 | €3,062,369 | €3,048,754 | -€13,616 | -0.4% |
| Fixed assets | 21/28 | €2,918,211 | €2,003,628 | -€914,583 | -31.3% |
| Tangible fixed assets | 22/27 | €2,918,211 | €2,003,628 | -€914,583 | -31.3% |
| Land and buildings | 22 | €2,914,873 | €2,000,578 | -€914,295 | -31.4% |
| Furniture and vehicles | 24 | €3,338 | €3,050 | -€288 | -8.6% |
| Current assets | 29/58 | €144,158 | €1,045,125 | +€900,967 | +625% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €135,349 | €1,026,294 | +€890,945 | +658% |
| Trade receivables | 40 | €21,334 | €25,721 | +€4,388 | +20.6% |
| Other amounts receivable | 41 | €114,016 | €1,000,572 | +€886,557 | +778% |
| Cash at bank and in hand | 54/58 | €8,809 | €18,831 | +€10,022 | +114% |
| Total equity and liabilities | 10/49 | €3,062,369 | €3,048,754 | -€13,616 | -0.4% |
| Equity | 10/15 | €1,198,617 | €1,401,841 | +€203,225 | +17.0% |
| Contributions | 10/11 | €135,771 | €135,771 | = | 0.0% |
| Capital | 10 | €135,771 | €135,771 | = | 0.0% |
| Issued capital | 100 | €135,771 | €135,771 | = | 0.0% |
| Reserves | 13 | €1,014,889 | €756,677 | -€258,212 | -25.4% |
| Non-distributable reserves | 130/1 | €13,598 | €13,598 | = | 0.0% |
| Legal reserve | 130 | €13,577 | €13,577 | = | 0.0% |
| Other | 1319 | €21 | €21 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,001,290 | €743,078 | -€258,212 | -25.8% |
| Profit (loss) carried forward | 14 | €47,956 | €509,393 | +€461,437 | +962% |
| Provisions and deferred taxes | 16 | €333,763 | €247,693 | -€86,071 | -25.8% |
| Deferred taxes | 168 | €333,763 | €247,693 | -€86,071 | -25.8% |
| Amounts payable | 17/49 | €1,529,990 | €1,399,220 | -€130,770 | -8.5% |
| Amounts payable after more than one year | 17 | €1,322,637 | €1,207,448 | -€115,189 | -8.7% |
| Financial debts | 170/4 | €1,321,327 | €1,200,868 | -€120,459 | -9.1% |
| Credit institutions | 173 | €1,321,327 | €1,200,868 | -€120,459 | -9.1% |
| Other amounts payable | 178/9 | €1,310 | €6,580 | +€5,270 | +402% |
| Amounts payable within one year | 42/48 | €195,653 | €191,772 | -€3,881 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €119,365 | €120,459 | +€1,094 | +0.9% |
| Trade debts | 44 | €61,447 | €16,437 | -€45,009 | -73.2% |
| Suppliers | 440/4 | €61,447 | €16,437 | -€45,009 | -73.2% |
| Advances received on contracts in progress | 46 | €2,067 | €1,978 | -€89 | -4.3% |
| Taxes, remuneration and social security | 45 | €12,774 | €52,897 | +€40,123 | +314% |
| Taxes | 450/3 | €12,774 | €52,897 | +€40,123 | +314% |
| Accrued charges and deferred income | 492/3 | €11,700 | €0 | -€11,700 | -100% |
| Operating income | 70/76A | €181,394 | €565,860 | +€384,466 | +212% |
| Turnover | 70 | €181,394 | €194,254 | +€12,860 | +7.1% |
| Other operating income | 74 | €0 | €10,671 | +€10,671 | +53,356,900% |
| Non-recurring operating income | 76A | - | €360,935 | +€360,935 | |
| Operating charges | 60/66A | €254,984 | €301,348 | +€46,364 | +18.2% |
| Services and other goods | 61 | €89,775 | €117,240 | +€27,465 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,923 | €120,637 | -€15,285 | -11.2% |
| Other operating charges | 640/8 | €29,286 | €63,470 | +€34,184 | +117% |
| Operating profit (loss) | 9901 | -€73,589 | €264,512 | +€338,101 | |
| Financial income | 75/76B | €5,989 | €23,373 | +€17,384 | +290% |
| Recurring financial income | 75 | €5,989 | €23,373 | +€17,384 | +290% |
| Income from current assets | 751 | €5,989 | €23,373 | +€17,384 | +290% |
| Financial charges | 65/66B | €14,750 | €13,734 | -€1,015 | -6.9% |
| Recurring financial charges | 65 | €14,750 | €13,734 | -€1,015 | -6.9% |
| Debt charges | 650 | €14,750 | €13,734 | -€1,015 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€82,350 | €274,151 | +€356,501 | |
| Transfer from deferred taxes | 780 | €19,323 | €86,071 | +€66,747 | +345% |
| Income taxes | 67/77 | €0 | €156,996 | +€156,996 | |
| Taxes | 670/3 | €0 | €157,000 | +€157,000 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€63,027 | €203,225 | +€266,251 | |
| Transfer from tax-exempt reserves | 789 | €57,970 | €258,212 | +€200,242 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,056 | €461,437 | +€466,493 |
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 18 October 2026 via checked.be.