CHARLES FINANCES: 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.
CHARLES FINANCES
Largest movements
- Receivables after one year +€281,566
up €281,566 (+19.4%), from €1.5m to €1.7m
- Debts after one year +€309,525
up €309,525 (+15.2%), from €2.0m to €2.3m
- Financial charges -€18,284
down €18,284 (-25.5%), from €71,707 to €53,423
- Financial income -€622
down €622 (-1.6%), from €38,890 to €38,268
- Other operating charges +€33
up €33 (+3.0%), from €1,086 to €1,118
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 | €1,887,003 | €2,177,363 | +€290,361 | +15.4% |
| Fixed assets | 21/28 | €436,518 | €436,518 | = | 0.0% |
| Financial fixed assets | 28 | €436,518 | €436,518 | = | 0.0% |
| Current assets | 29/58 | €1,450,485 | €1,740,845 | +€290,361 | +20.0% |
| Amounts receivable after more than one year | 29 | €1,450,343 | €1,731,909 | +€281,566 | +19.4% |
| Other amounts receivable | 291 | €1,450,343 | €1,731,909 | +€281,566 | +19.4% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €142 | €8,936 | +€8,795 | +6,207% |
| Total equity and liabilities | 10/49 | €1,887,003 | €2,177,363 | +€290,361 | +15.4% |
| Equity | 10/15 | -€149,135 | -€168,300 | -€19,165 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,735 | -€186,900 | -€19,165 | -11.4% |
| Amounts payable | 17/49 | €2,036,138 | €2,345,663 | +€309,525 | +15.2% |
| Amounts payable after more than one year | 17 | €2,036,101 | €2,345,627 | +€309,525 | +15.2% |
| Financial debts | 170/4 | €2,036,101 | €2,345,627 | +€309,525 | +15.2% |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €36 | €36 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€2,878 | -€2,891 | -€13 | -0.5% |
| Operating profit (loss) | 9901 | -€3,964 | -€4,010 | -€46 | -1.2% |
| Financial income | 75/76B | €38,890 | €38,268 | -€622 | -1.6% |
| Recurring financial income | 75 | €38,890 | €38,268 | -€622 | -1.6% |
| Financial charges | 65/66B | €71,707 | €53,423 | -€18,284 | -25.5% |
| Recurring financial charges | 65 | €71,707 | €53,423 | -€18,284 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,780 | -€19,165 | +€17,615 | +47.9% |
| Profit (loss) for the period | 9904 | -€36,780 | -€19,165 | +€17,615 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,780 | -€19,165 | +€17,615 | +47.9% |
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 25 October 2026 via checked.be.