CHARLEX: 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.
CHARLEX
Largest movements
- Cash +€32,250
up €32,250 (+50.4%), from €63,944 to €96,194
mainly Net result for the year (+€24,143) and Other debts (+€18,085)
- Tangible fixed assets -€10,301
down €10,301 (-25.0%), from €41,205 to €30,904
- Other debts +€18,085
new in 2025: €18,085
- Reserves +€6,143
up €6,143 (+7.8%), from €78,487 to €84,630
- Debts after one year -€5,990
down €5,990 (-32.0%), from €18,726 to €12,736
- Tax, wage and social debts +€3,523
up €3,523 (+70.5%), from €4,997 to €8,520
- Taxes -€3,389
down €3,389 (-36.1%), from €9,389 to €6,000
- Gross operating margin -€1,723
down €1,723 (-3.9%), from €44,517 to €42,794
- Other operating charges +€749
up €749 (+111%), from €675 to €1,424
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 | €126,641 | €148,561 | +€21,920 | +17.3% |
| Fixed assets | 21/28 | €41,205 | €30,904 | -€10,301 | -25.0% |
| Tangible fixed assets | 22/27 | €41,205 | €30,904 | -€10,301 | -25.0% |
| Furniture and vehicles | 24 | €41,205 | €30,904 | -€10,301 | -25.0% |
| Current assets | 29/58 | €85,436 | €117,657 | +€32,221 | +37.7% |
| Amounts receivable within one year | 40/41 | €21,492 | €21,463 | -€29 | -0.1% |
| Trade receivables | 40 | €20,570 | €14,245 | -€6,325 | -30.7% |
| Other amounts receivable | 41 | €922 | €7,218 | +€6,296 | +683% |
| Cash at bank and in hand | 54/58 | €63,944 | €96,194 | +€32,250 | +50.4% |
| Total equity and liabilities | 10/49 | €126,641 | €148,561 | +€21,920 | +17.3% |
| Equity | 10/15 | €97,087 | €103,230 | +€6,143 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,487 | €84,630 | +€6,143 | +7.8% |
| Distributable reserves | 133 | €78,487 | €84,630 | +€6,143 | +7.8% |
| Amounts payable | 17/49 | €29,554 | €45,331 | +€15,777 | +53.4% |
| Amounts payable after more than one year | 17 | €18,726 | €12,736 | -€5,990 | -32.0% |
| Financial debts | 170/4 | €18,726 | €12,736 | -€5,990 | -32.0% |
| Amounts payable within one year | 42/48 | €10,828 | €32,595 | +€21,767 | +201% |
| Current portion of amounts payable after more than one year | 42 | €5,752 | €5,990 | +€238 | +4.1% |
| Trade debts | 44 | €79 | - | -€79 | |
| Suppliers | 440/4 | €79 | - | -€79 | |
| Taxes, remuneration and social security | 45 | €4,997 | €8,520 | +€3,523 | +70.5% |
| Taxes | 450/3 | €4,997 | €8,520 | +€3,523 | +70.5% |
| Other amounts payable | 47/48 | - | €18,085 | +€18,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,301 | €10,301 | = | 0.0% |
| Other operating charges | 640/8 | €675 | €1,424 | +€749 | +111% |
| Gross operating margin | 9900 | €44,517 | €42,794 | -€1,723 | -3.9% |
| Operating profit (loss) | 9901 | €33,541 | €31,069 | -€2,472 | -7.4% |
| Financial charges | 65/66B | €1,213 | €926 | -€287 | -23.7% |
| Recurring financial charges | 65 | €1,213 | €926 | -€287 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €32,328 | €30,143 | -€2,185 | -6.8% |
| Income taxes | 67/77 | €9,389 | €6,000 | -€3,389 | -36.1% |
| Profit (loss) for the period | 9904 | €22,939 | €24,143 | +€1,204 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,939 | €24,143 | +€1,204 | +5.2% |
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 14 October 2026 via checked.be.