CHARLENE: 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.
CHARLENE
Largest movements
- Current investments -€185,000
down €185,000 (-100.0%), from €185,000 to €0
- Cash +€126,995
up €126,995 (+2006.2%), from €6,330 to €133,326
mainly Current investments (+€185,000) and Depreciation (+€34,222)
- Tangible fixed assets -€44,482
down €44,482 (-7.3%), from €608,699 to €564,217
- Debts after one year -€39,270
down €39,270 (-21.1%), from €186,188 to €146,917
- Profit (loss) carried forward -€27,179
down €27,179, from €0 to -€27,179
- Current portion of long-term debt -€19,663
down €19,663 (-33.4%), from €58,933 to €39,270
- Accrued charges and deferred income -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Gross operating margin -€91,310
down €91,310 (-89.6%), from €101,890 to €10,580
- Taxes -€17,886
down €17,886 (-100.0%), from €17,886 to €0
- Depreciation -€6,088
down €6,088 (-15.1%), from €40,310 to €34,222
- Financial income -€3,232
down €3,232 (-37.7%), from €8,566 to €5,333
- Staff costs +€3,062
up €3,062 (+153.2%), from €1,999 to €5,061
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 | €808,572 | €708,946 | -€99,626 | -12.3% |
| Fixed assets | 21/28 | €608,699 | €564,217 | -€44,482 | -7.3% |
| Tangible fixed assets | 22/27 | €608,699 | €564,217 | -€44,482 | -7.3% |
| Land and buildings | 22 | €539,647 | €525,653 | -€13,994 | -2.6% |
| Plant, machinery and equipment | 23 | €51,080 | €33,640 | -€17,440 | -34.1% |
| Furniture and vehicles | 24 | €17,972 | €4,924 | -€13,048 | -72.6% |
| Current assets | 29/58 | €199,874 | €144,729 | -€55,145 | -27.6% |
| Amounts receivable within one year | 40/41 | €7,247 | €10,322 | +€3,074 | +42.4% |
| Trade receivables | 40 | €909 | €3,104 | +€2,195 | +241.3% |
| Other amounts receivable | 41 | €6,338 | €7,218 | +€880 | +13.9% |
| Current investments | 50/53 | €185,000 | €0 | -€185,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,330 | €133,326 | +€126,995 | +2006.2% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,082 | -€214 | -16.5% |
| Total equity and liabilities | 10/49 | €808,572 | €708,946 | -€99,626 | -12.3% |
| Equity | 10/15 | €536,038 | €507,214 | -€28,824 | -5.4% |
| Reserves | 13 | €536,038 | €534,393 | -€1,645 | -0.3% |
| Tax-exempt reserves | 132 | €38,365 | €36,720 | -€1,645 | -4.3% |
| Distributable reserves | 133 | €497,673 | €497,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€27,179 | -€27,179 | |
| Provisions and deferred taxes | 16 | €11,898 | €11,486 | -€411 | -3.5% |
| Deferred taxes | 168 | €11,898 | €11,486 | -€411 | -3.5% |
| Amounts payable | 17/49 | €260,636 | €190,246 | -€70,391 | -27.0% |
| Amounts payable after more than one year | 17 | €186,188 | €146,917 | -€39,270 | -21.1% |
| Financial debts | 170/4 | €186,188 | €146,917 | -€39,270 | -21.1% |
| Amounts payable within one year | 42/48 | €64,449 | €43,328 | -€21,120 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €58,933 | €39,270 | -€19,663 | -33.4% |
| Trade debts | 44 | €2,322 | €2,369 | +€46 | +2.0% |
| Suppliers | 440/4 | €2,322 | €2,369 | +€46 | +2.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,689 | +€1,689 | |
| Taxes | 450/3 | €0 | €421 | +€421 | |
| Remuneration and social security | 454/9 | €0 | €1,269 | +€1,269 | |
| Other amounts payable | 47/48 | €3,193 | €0 | -€3,193 | -100.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €0 | -€10,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,999 | €5,061 | +€3,062 | +153.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,310 | €34,222 | -€6,088 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €223 | +€223 | |
| Other operating charges | 640/8 | €2,019 | €3,385 | +€1,366 | +67.7% |
| Gross operating margin | 9900 | €101,890 | €10,580 | -€91,310 | -89.6% |
| Operating profit (loss) | 9901 | €57,561 | -€32,312 | -€89,873 | |
| Financial income | 75/76B | €8,566 | €5,333 | -€3,232 | -37.7% |
| Recurring financial income | 75 | €8,566 | €5,333 | -€3,232 | -37.7% |
| Financial charges | 65/66B | €2,303 | €2,257 | -€46 | -2.0% |
| Recurring financial charges | 65 | €2,303 | €2,257 | -€46 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €63,824 | -€29,236 | -€93,060 | |
| Transfer from deferred taxes | 780 | €1,234 | €411 | -€823 | -66.7% |
| Income taxes | 67/77 | €17,886 | €0 | -€17,886 | -100.0% |
| Profit (loss) for the period | 9904 | €47,173 | -€28,824 | -€75,997 | |
| Transfer from tax-exempt reserves | 789 | €4,936 | €1,645 | -€3,291 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,109 | -€27,179 | -€79,288 |
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 12 October 2026 via checked.be.