CHARLES PRODUCTION: what changed
Two fiscal 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 PRODUCTION
Largest movements
- Cash -€1.2m
down €1.2m (-97.9%), from €1.3m to €26,807
mainly Contributions, distributions and other (-€809,904) and Receivables within one year (-€742,813)
- Receivables within one year +€742,813
up €742,813 (+1157.6%), from €64,170 to €806,983
of which Other amounts receivable: +€588,913
- Tangible fixed assets +€353,144
up €353,144 (+93.0%), from €379,699 to €732,842
of which Land and buildings: +€404,960
- Profit (loss) carried forward -€1.1m
down €1.1m (-96.4%), from €1.1m to €40,123
- Revaluation surpluses +€374,569
new in 2022: €374,569
- Short-term financial debts +€250,000
new in 2022: €250,000
- Debts after one year +€229,862
new in 2022: €229,862
- Reserves -€139,353
down €139,353 (-52.8%), from €263,820 to €124,467
of which Distributable reserves: -€89,753
- Staff costs +€299,944
up €299,944 (+74.8%), from €401,156 to €701,100
- Financial charges +€73,848
up €73,848 (+446.0%), from €16,558 to €90,407
- Gross operating margin +€46,768
up €46,768 (+5.7%), from €818,375 to €865,144
- Financial income +€42,342
up €42,342 (+381.0%), from €11,113 to €53,455
- Taxes -€40,279
down €40,279 (-62.7%), from €64,204 to €23,925
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,740,695 | €1,601,762 | -€138,933 | -8.0% |
| Fixed assets | 21/28 | €396,264 | €749,371 | +€353,108 | +89.1% |
| Intangible fixed assets | 21 | €948 | €912 | -€36 | -3.8% |
| Tangible fixed assets | 22/27 | €379,699 | €732,842 | +€353,144 | +93.0% |
| Land and buildings | 22 | €199,584 | €604,544 | +€404,960 | +202.9% |
| Plant, machinery and equipment | 23 | €149,879 | €107,245 | -€42,634 | -28.4% |
| Furniture and vehicles | 24 | €21,056 | €15,105 | -€5,951 | -28.3% |
| Other tangible fixed assets | 26 | €9,180 | €5,948 | -€3,232 | -35.2% |
| Financial fixed assets | 28 | €15,617 | €15,617 | = | 0.0% |
| Current assets | 29/58 | €1,344,431 | €852,390 | -€492,041 | -36.6% |
| Stocks and contracts in progress | 3 | €19,694 | €18,600 | -€1,094 | -5.6% |
| Stocks | 30/36 | €19,694 | €18,600 | -€1,094 | -5.6% |
| Amounts receivable within one year | 40/41 | €64,170 | €806,983 | +€742,813 | +1157.6% |
| Trade receivables | 40 | €5,916 | €159,815 | +€153,900 | +2601.6% |
| Other amounts receivable | 41 | €58,255 | €647,168 | +€588,913 | +1010.9% |
| Cash at bank and in hand | 54/58 | €1,260,309 | €26,807 | -€1.2m | -97.9% |
| Deferred charges and accrued income | 490/1 | €258 | €0 | -€258 | -100.0% |
| Total equity and liabilities | 10/49 | €1,740,695 | €1,601,762 | -€138,933 | -8.0% |
| Equity | 10/15 | €1,567,993 | €746,597 | -€821,396 | -52.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €374,569 | +€374,569 | |
| Reserves | 13 | €263,820 | €124,467 | -€139,353 | -52.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €142,220 | €92,620 | -€49,600 | -34.9% |
| Distributable reserves | 133 | €111,600 | €21,847 | -€89,753 | -80.4% |
| Profit (loss) carried forward | 14 | €1,119,916 | €40,123 | -€1.1m | -96.4% |
| Investment grants | 15 | €84,257 | €107,438 | +€23,180 | +27.5% |
| Provisions and deferred taxes | 16 | €29,677 | €0 | -€29,677 | -100.0% |
| Deferred taxes | 168 | €29,677 | €0 | -€29,677 | -100.0% |
| Amounts payable | 17/49 | €143,024 | €855,165 | +€712,140 | +497.9% |
| Amounts payable after more than one year | 17 | - | €229,862 | +€229,862 | |
| Financial debts | 170/4 | - | €229,862 | +€229,862 | |
| Amounts payable within one year | 42/48 | €143,024 | €623,795 | +€480,771 | +336.1% |
| Current portion of amounts payable after more than one year | 42 | - | €25,986 | +€25,986 | |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €38,968 | €160,677 | +€121,709 | +312.3% |
| Suppliers | 440/4 | €38,968 | €160,677 | +€121,709 | +312.3% |
| Taxes, remuneration and social security | 45 | €75,722 | €179,343 | +€103,621 | +136.8% |
| Taxes | 450/3 | €31,096 | €60,674 | +€29,578 | +95.1% |
| Remuneration and social security | 454/9 | €44,626 | €118,669 | +€74,042 | +165.9% |
| Other amounts payable | 47/48 | €28,334 | €7,790 | -€20,544 | -72.5% |
| Accrued charges and deferred income | 492/3 | - | €1,507 | +€1,507 | |
| Remuneration, social security and pensions | 62 | €401,156 | €701,100 | +€299,944 | +74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,940 | €104,183 | +€25,242 | +32.0% |
| Other operating charges | 640/8 | €48,822 | €10,477 | -€38,345 | -78.5% |
| Gross operating margin | 9900 | €818,375 | €865,144 | +€46,768 | +5.7% |
| Operating profit (loss) | 9901 | €289,457 | €49,384 | -€240,073 | -82.9% |
| Financial income | 75/76B | €11,113 | €53,455 | +€42,342 | +381.0% |
| Recurring financial income | 75 | €11,113 | €53,455 | +€42,342 | +381.0% |
| Financial charges | 65/66B | €16,558 | €90,407 | +€73,848 | +446.0% |
| Recurring financial charges | 65 | €16,558 | €90,407 | +€73,848 | +446.0% |
| Profit (loss) for the period before taxes | 9903 | €284,012 | €12,433 | -€271,579 | -95.6% |
| Income taxes | 67/77 | €64,204 | €23,925 | -€40,279 | -62.7% |
| Profit (loss) for the period | 9904 | €219,808 | -€11,492 | -€231,300 | |
| Transfer from tax-exempt reserves | 789 | €34,100 | €49,600 | +€15,500 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €253,908 | €38,108 | -€215,800 | -85.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.