CHARLES IMMO: 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 IMMO
Largest movements
- Receivables within one year +€529,984
up €529,984 (+62.9%), from €841,980 to €1.4m
of which Trade receivables: +€496,594
- Tangible fixed assets -€180,387
down €180,387 (-4.1%), from €4.4m to €4.2m
of which Land and buildings: -€148,327
- Tax, wage and social debts +€177,921
up €177,921 (+256%), from €69,576 to €247,498
- Short-term financial debts +€150,553
up €150,553 (+151%), from €100,000 to €250,553
- Other debts -€105,237
down €105,237 (-9.0%), from €1.2m to €1.1m
- Trade debts +€99,280
up €99,280 (+15,348%), from €647 to €99,927
- Turnover -€2.2m
no longer reported in 2025 (was €2.2m)
- Gross operating margin +€1.9m
new in 2025: €1.9m
- Services and other goods -€395,844
no longer reported in 2025 (was €395,844)
- Taxes +€96,822
up €96,822 (+23.2%), from €417,908 to €514,730
- Other operating charges +€81,018
up €81,018 (+59.9%), from €135,208 to €216,226
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 | €5,256,433 | €5,575,343 | +€318,910 | +6.1% |
| Fixed assets | 21/28 | €4,382,717 | €4,202,330 | -€180,387 | -4.1% |
| Tangible fixed assets | 22/27 | €4,382,717 | €4,202,330 | -€180,387 | -4.1% |
| Land and buildings | 22 | €3,391,697 | €3,243,370 | -€148,327 | -4.4% |
| Other tangible fixed assets | 26 | €991,019 | €958,960 | -€32,059 | -3.2% |
| Current assets | 29/58 | €873,716 | €1,373,013 | +€499,297 | +57.1% |
| Amounts receivable within one year | 40/41 | €841,980 | €1,371,965 | +€529,984 | +62.9% |
| Trade receivables | 40 | €40,686 | €537,280 | +€496,594 | +1,221% |
| Other amounts receivable | 41 | €801,295 | €834,685 | +€33,390 | +4.2% |
| Cash at bank and in hand | 54/58 | €31,736 | €1,048 | -€30,688 | -96.7% |
| Total equity and liabilities | 10/49 | €5,256,433 | €5,575,343 | +€318,910 | +6.1% |
| Equity | 10/15 | €3,915,973 | €3,910,853 | -€5,120 | -0.1% |
| Contributions | 10/11 | €3,401,171 | €3,401,171 | = | 0.0% |
| Reserves | 13 | €505,170 | €505,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €486,558 | €486,558 | = | 0.0% |
| Financial assistance | 1313 | €486,558 | €486,558 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,613 | €18,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,632 | €4,512 | -€5,120 | -53.2% |
| Amounts payable | 17/49 | €1,340,460 | €1,664,490 | +€324,030 | +24.2% |
| Amounts payable within one year | 42/48 | €1,340,460 | €1,662,978 | +€322,517 | +24.1% |
| Financial debts | 43 | €100,000 | €250,553 | +€150,553 | +151% |
| Credit institutions | 430/8 | €100,000 | €250,553 | +€150,553 | +151% |
| Trade debts | 44 | €647 | €99,927 | +€99,280 | +15,348% |
| Suppliers | 440/4 | €647 | €99,927 | +€99,280 | +15,348% |
| Taxes, remuneration and social security | 45 | €69,576 | €247,498 | +€177,921 | +256% |
| Taxes | 450/3 | €69,576 | €247,498 | +€177,921 | +256% |
| Other amounts payable | 47/48 | €1,170,237 | €1,065,000 | -€105,237 | -9.0% |
| Accrued charges and deferred income | 492/3 | - | €1,513 | +€1,513 | |
| Operating income | 70/76A | €2,268,765 | - | -€2.3m | |
| Turnover | 70 | €2,220,971 | - | -€2.2m | |
| Other operating income | 74 | €47,794 | - | -€47,794 | |
| Operating charges | 60/66A | €703,970 | - | -€703,970 | |
| Services and other goods | 61 | €395,844 | - | -€395,844 | |
| Remuneration, social security and pensions | 62 | -€7,625 | - | +€7,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,543 | €180,387 | -€156 | -0.1% |
| Other operating charges | 640/8 | €135,208 | €216,226 | +€81,018 | +59.9% |
| Gross operating margin | 9900 | - | €1,934,092 | +€1.9m | |
| Operating profit (loss) | 9901 | €1,564,795 | €1,537,479 | -€27,316 | -1.7% |
| Financial income | 75/76B | €24,518 | €40,328 | +€15,810 | +64.5% |
| Recurring financial income | 75 | €24,518 | €40,328 | +€15,810 | +64.5% |
| Income from current assets | 751 | €24,518 | - | -€24,518 | |
| Financial charges | 65/66B | €266 | €3,198 | +€2,931 | +1,100% |
| Recurring financial charges | 65 | €266 | €3,198 | +€2,931 | +1,100% |
| Other financial charges | 652/9 | €266 | - | -€266 | |
| Profit (loss) for the period before taxes | 9903 | €1,589,047 | €1,574,610 | -€14,437 | -0.9% |
| Income taxes | 67/77 | €417,908 | €514,730 | +€96,822 | +23.2% |
| Taxes | 670/3 | €417,908 | - | -€417,908 | |
| Profit (loss) for the period | 9904 | €1,171,139 | €1,059,880 | -€111,259 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,171,139 | €1,059,880 | -€111,259 | -9.5% |
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 15 October 2026 via checked.be.