Charlier Construct: 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.
Charlier Construct
Largest movements
- Receivables within one year +€97,707
up €97,707 (+41.0%), from €238,470 to €336,177
of which Trade receivables: +€74,232
- Stocks and contracts -€63,564
down €63,564 (-68.9%), from €92,281 to €28,716
- Tangible fixed assets -€13,901
down €13,901 (-8.8%), from €157,717 to €143,816
of which Land and buildings: -€13,850
- Cash +€6,189
up €6,189 (+481.0%), from €1,287 to €7,476
mainly Stocks and contracts (+€63,564) and Trade debts (+€26,027)
- Trade debts +€26,027
up €26,027 (+21.0%), from €123,880 to €149,908
- Debts after one year -€20,372
down €20,372 (-20.4%), from €99,714 to €79,342
- Tax, wage and social debts +€13,837
up €13,837 (+84.8%), from €16,318 to €30,155
of which Taxes: +€13,837
- Reserves +€6,996
up €6,996 (+5.9%), from €119,534 to €126,530
of which Distributable reserves: +€6,996
- Depreciation -€13,644
down €13,644 (-39.9%), from €34,160 to €20,516
- Financial charges +€5,057
up €5,057 (+47.4%), from €10,680 to €15,737
- Taxes +€2,979
up €2,979 (+187.9%), from €1,585 to €4,564
- Gross operating margin +€2,147
up €2,147 (+4.7%), from €45,205 to €47,352
- Other operating charges +€2,031
up €2,031 (+135.7%), from €1,496 to €3,527
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.
Cash bridge derived
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 | €492,482 | €518,706 | +€26,224 | +5.3% |
| Fixed assets | 21/28 | €157,717 | €143,816 | -€13,901 | -8.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €157,717 | €143,816 | -€13,901 | -8.8% |
| Land and buildings | 22 | €144,650 | €130,800 | -€13,850 | -9.6% |
| Plant, machinery and equipment | 23 | €9,301 | €8,762 | -€539 | -5.8% |
| Furniture and vehicles | 24 | €3,766 | €4,254 | +€487 | +12.9% |
| Current assets | 29/58 | €334,765 | €374,890 | +€40,125 | +12.0% |
| Stocks and contracts in progress | 3 | €92,281 | €28,716 | -€63,564 | -68.9% |
| Stocks | 30/36 | €92,281 | €28,716 | -€63,564 | -68.9% |
| Amounts receivable within one year | 40/41 | €238,470 | €336,177 | +€97,707 | +41.0% |
| Trade receivables | 40 | €127,861 | €202,093 | +€74,232 | +58.1% |
| Other amounts receivable | 41 | €110,609 | €134,084 | +€23,475 | +21.2% |
| Cash at bank and in hand | 54/58 | €1,287 | €7,476 | +€6,189 | +481.0% |
| Deferred charges and accrued income | 490/1 | €2,727 | €2,520 | -€207 | -7.6% |
| Total equity and liabilities | 10/49 | €492,482 | €518,706 | +€26,224 | +5.3% |
| Equity | 10/15 | €131,934 | €138,930 | +€6,996 | +5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €119,534 | €126,530 | +€6,996 | +5.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €119,534 | €126,530 | +€6,996 | +5.9% |
| Amounts payable | 17/49 | €360,548 | €379,776 | +€19,228 | +5.3% |
| Amounts payable after more than one year | 17 | €99,714 | €79,342 | -€20,372 | -20.4% |
| Financial debts | 170/4 | €99,714 | €79,342 | -€20,372 | -20.4% |
| Amounts payable within one year | 42/48 | €260,834 | €300,435 | +€39,600 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €120,636 | €120,372 | -€264 | -0.2% |
| Trade debts | 44 | €123,880 | €149,908 | +€26,027 | +21.0% |
| Suppliers | 440/4 | €123,880 | €149,908 | +€26,027 | +21.0% |
| Taxes, remuneration and social security | 45 | €16,318 | €30,155 | +€13,837 | +84.8% |
| Taxes | 450/3 | €14,285 | €28,122 | +€13,837 | +96.9% |
| Remuneration and social security | 454/9 | €2,032 | €2,032 | +€0 | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,160 | €20,516 | -€13,644 | -39.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,620 | €3,620 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,496 | €3,527 | +€2,031 | +135.7% |
| Gross operating margin | 9900 | €45,205 | €47,352 | +€2,147 | +4.7% |
| Operating profit (loss) | 9901 | €5,929 | €19,689 | +€13,760 | +232.1% |
| Financial income | 75/76B | €7,169 | €7,608 | +€439 | +6.1% |
| Recurring financial income | 75 | €7,169 | €7,608 | +€439 | +6.1% |
| Financial charges | 65/66B | €10,680 | €15,737 | +€5,057 | +47.4% |
| Recurring financial charges | 65 | €10,680 | €15,737 | +€5,057 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €2,418 | €11,560 | +€9,142 | +378.1% |
| Income taxes | 67/77 | €1,585 | €4,564 | +€2,979 | +187.9% |
| Profit (loss) for the period | 9904 | €833 | €6,996 | +€6,163 | +740.3% |
| Profit (loss) for the period to be appropriated | 9905 | €833 | €6,996 | +€6,163 | +740.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.