CHARLIE: 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.
CHARLIE
Largest movements
- Receivables within one year +€7,434
up €7,434 (+723%), from €1,028 to €8,462
of which Trade receivables: +€7,434
- Cash -€1,786
down €1,786 (-1.8%), from €99,094 to €97,307
mainly Contributions, distributions and other (-€55,000) and Receivables within one year (-€7,434)
- Other debts +€19,243
up €19,243 (+486%), from €3,958 to €23,202
- Reserves -€11,807
down €11,807 (-16.2%), from €72,845 to €61,037
- Tax, wage and social debts -€4,436
down €4,436 (-46.5%), from €9,545 to €5,108
of which Taxes: -€6,286
- Accrued charges and deferred income +€2,408
up €2,408 (+10,423%), from €23 to €2,431
- Gross operating margin +€24,569
up €24,569 (+75.3%), from €32,629 to €57,197
- Taxes +€5,177
up €5,177 (+73.7%), from €7,028 to €12,205
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 | €101,250 | €106,397 | +€5,147 | +5.1% |
| Fixed assets | 21/28 | €273 | €0 | -€273 | -100% |
| Tangible fixed assets | 22/27 | €273 | €0 | -€273 | -100% |
| Plant, machinery and equipment | 23 | €273 | €0 | -€273 | -100% |
| Current assets | 29/58 | €100,977 | €106,397 | +€5,420 | +5.4% |
| Amounts receivable within one year | 40/41 | €1,028 | €8,462 | +€7,434 | +723% |
| Trade receivables | 40 | €1,028 | €8,462 | +€7,434 | +723% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €99,094 | €97,307 | -€1,786 | -1.8% |
| Deferred charges and accrued income | 490/1 | €855 | €628 | -€227 | -26.6% |
| Total equity and liabilities | 10/49 | €101,250 | €106,397 | +€5,147 | +5.1% |
| Equity | 10/15 | €87,012 | €75,204 | -€11,807 | -13.6% |
| Contributions | 10/11 | €14,167 | €14,167 | = | 0.0% |
| Reserves | 13 | €72,845 | €61,037 | -€11,807 | -16.2% |
| Distributable reserves | 133 | €72,845 | €61,037 | -€11,807 | -16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,238 | €31,193 | +€16,954 | +119% |
| Amounts payable within one year | 42/48 | €14,215 | €28,762 | +€14,547 | +102% |
| Trade debts | 44 | €712 | €452 | -€261 | -36.6% |
| Suppliers | 440/4 | €712 | €452 | -€261 | -36.6% |
| Taxes, remuneration and social security | 45 | €9,545 | €5,108 | -€4,436 | -46.5% |
| Taxes | 450/3 | €9,545 | €3,258 | -€6,286 | -65.9% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €3,958 | €23,202 | +€19,243 | +486% |
| Accrued charges and deferred income | 492/3 | €23 | €2,431 | +€2,408 | +10,423% |
| Remuneration, social security and pensions | 62 | €115 | €0 | -€115 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €273 | -€289 | -51.4% |
| Other operating charges | 640/8 | €942 | €1,442 | +€501 | +53.2% |
| Gross operating margin | 9900 | €32,629 | €57,197 | +€24,569 | +75.3% |
| Operating profit (loss) | 9901 | €31,010 | €55,481 | +€24,471 | +78.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €84 | €84 | +€0 | 0.0% |
| Recurring financial charges | 65 | €84 | €84 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €30,926 | €55,397 | +€24,471 | +79.1% |
| Income taxes | 67/77 | €7,028 | €12,205 | +€5,177 | +73.7% |
| Profit (loss) for the period | 9904 | €23,898 | €43,193 | +€19,294 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,898 | €43,193 | +€19,294 | +80.7% |
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 26 October 2026 via checked.be.