CHARLES PRICE: what changed
CHARLES PRICE
Largest movements
- Receivables within one year -€90,353
down €90,353 (-47.7%), from €189,593 to €99,240
of which Trade receivables: -€71,210
- Cash +€30,122
up €30,122 (+52.1%), from €57,801 to €87,923
mainly Receivables within one year (+€90,353) and Net result for the year (+€37,363)
- Current investments +€12,071
up €12,071 (+151%), from €8,000 to €20,071
- Reserves -€28,010
down €28,010 (-20.8%), from €134,440 to €106,430
of which Distributable reserves: -€28,010
- Tax, wage and social debts -€26,616
down €26,616 (-87.0%), from €30,608 to €3,992
- Trade debts +€15,034
up €15,034 (+331%), from €4,540 to €19,574
- Other debts -€9,637
down €9,637 (-12.8%), from €75,010 to €65,373
- Gross operating margin -€49,060
down €49,060 (-46.8%), from €104,870 to €55,810
- Other operating charges -€20,507
down €20,507 (-98.1%), from €20,907 to €400
- Taxes -€17,167
down €17,167 (-49.1%), from €34,957 to €17,790
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,573 | €208,357 | -€49,216 | -19.1% |
| Fixed assets | 21/28 | €2,108 | €1,122 | -€986 | -46.8% |
| Tangible fixed assets | 22/27 | €2,108 | €1,122 | -€986 | -46.8% |
| Furniture and vehicles | 24 | €2,108 | €1,122 | -€986 | -46.8% |
| Current assets | 29/58 | €255,465 | €207,235 | -€48,230 | -18.9% |
| Amounts receivable within one year | 40/41 | €189,593 | €99,240 | -€90,353 | -47.7% |
| Trade receivables | 40 | €89,485 | €18,275 | -€71,210 | -79.6% |
| Other amounts receivable | 41 | €100,108 | €80,965 | -€19,143 | -19.1% |
| Current investments | 50/53 | €8,000 | €20,071 | +€12,071 | +151% |
| Cash at bank and in hand | 54/58 | €57,801 | €87,923 | +€30,122 | +52.1% |
| Deferred charges and accrued income | 490/1 | €71 | - | -€71 | |
| Total equity and liabilities | 10/49 | €257,573 | €208,357 | -€49,216 | -19.1% |
| Equity | 10/15 | €146,840 | €118,830 | -€28,010 | -19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,440 | €106,430 | -€28,010 | -20.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €211 | €211 | -€0 | 0.0% |
| Distributable reserves | 133 | €132,369 | €104,359 | -€28,010 | -21.2% |
| Amounts payable | 17/49 | €110,733 | €89,527 | -€21,206 | -19.2% |
| Amounts payable within one year | 42/48 | €110,158 | €88,940 | -€21,218 | -19.3% |
| Trade debts | 44 | €4,540 | €19,574 | +€15,034 | +331% |
| Suppliers | 440/4 | €4,540 | €19,574 | +€15,034 | +331% |
| Taxes, remuneration and social security | 45 | €30,608 | €3,992 | -€26,616 | -87.0% |
| Taxes | 450/3 | €30,608 | €3,992 | -€26,616 | -87.0% |
| Other amounts payable | 47/48 | €75,010 | €65,373 | -€9,637 | -12.8% |
| Accrued charges and deferred income | 492/3 | €575 | €587 | +€12 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,830 | €986 | -€844 | -46.1% |
| Other operating charges | 640/8 | €20,907 | €400 | -€20,507 | -98.1% |
| Non-recurring operating charges | 66A | €550 | - | -€550 | |
| Gross operating margin | 9900 | €104,870 | €55,810 | -€49,060 | -46.8% |
| Operating profit (loss) | 9901 | €81,583 | €54,424 | -€27,159 | -33.3% |
| Financial income | 75/76B | €2,466 | €2,286 | -€180 | -7.3% |
| Recurring financial income | 75 | €2,466 | €2,286 | -€180 | -7.3% |
| Financial charges | 65/66B | €1,398 | €1,557 | +€159 | +11.4% |
| Recurring financial charges | 65 | €1,398 | €1,557 | +€159 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €82,651 | €55,153 | -€27,498 | -33.3% |
| Income taxes | 67/77 | €34,957 | €17,790 | -€17,167 | -49.1% |
| Profit (loss) for the period | 9904 | €47,694 | €37,363 | -€10,331 | -21.7% |
| Transfer from tax-exempt reserves | 789 | €707 | - | -€707 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,401 | €37,363 | -€11,038 | -22.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.