CHARLIER CONSULT: 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.
CHARLIER CONSULT
Largest movements
- Receivables within one year -€177,158
down €177,158 (-46.7%), from €379,331 to €202,173
of which Trade receivables: -€166,358
- Cash +€110,464
up €110,464 (+14.6%), from €758,701 to €869,165
mainly Receivables within one year (+€177,158) and Depreciation (+€30,790)
- Tangible fixed assets -€18,723
down €18,723 (-4.9%), from €379,123 to €360,400
of which Land and buildings: -€25,445
- Debts after one year -€43,958
down €43,958 (-13.8%), from €318,168 to €274,210
- Other debts -€20,543
down €20,543 (-90.1%), from €22,800 to €2,258
- Trade debts -€18,318
down €18,318 (-64.1%), from €28,577 to €10,260
- Gross operating margin +€60,192
up €60,192, from -€17,438 to €42,754
- Depreciation -€33,241
down €33,241 (-51.9%), from €64,031 to €30,790
- Provisions +€24,400
up €24,400, from -€24,400 to €0
- Other operating charges -€4,555
down €4,555 (-50.9%), from €8,942 to €4,387
- Write-downs -€1,476
down €1,476 (-100%), from €1,476 to €0
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 | €1,583,391 | €1,493,450 | -€89,941 | -5.7% |
| Fixed assets | 21/28 | €381,075 | €360,660 | -€20,415 | -5.4% |
| Intangible fixed assets | 21 | €1,952 | €260 | -€1,692 | -86.7% |
| Tangible fixed assets | 22/27 | €379,123 | €360,400 | -€18,723 | -4.9% |
| Land and buildings | 22 | €372,908 | €347,464 | -€25,445 | -6.8% |
| Plant, machinery and equipment | 23 | €1,515 | €8,227 | +€6,712 | +443% |
| Furniture and vehicles | 24 | €4,700 | €4,709 | +€9 | +0.2% |
| Current assets | 29/58 | €1,202,316 | €1,132,790 | -€69,525 | -5.8% |
| Amounts receivable after more than one year | 29 | €49,464 | €49,464 | = | 0.0% |
| Other amounts receivable | 291 | €49,464 | €49,464 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €379,331 | €202,173 | -€177,158 | -46.7% |
| Trade receivables | 40 | €338,606 | €172,248 | -€166,358 | -49.1% |
| Other amounts receivable | 41 | €40,725 | €29,925 | -€10,800 | -26.5% |
| Cash at bank and in hand | 54/58 | €758,701 | €869,165 | +€110,464 | +14.6% |
| Deferred charges and accrued income | 490/1 | €14,820 | €11,988 | -€2,832 | -19.1% |
| Total equity and liabilities | 10/49 | €1,583,391 | €1,493,450 | -€89,941 | -5.7% |
| Equity | 10/15 | €1,148,376 | €1,149,036 | +€661 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,129,776 | €1,130,436 | +€661 | +0.1% |
| Tax-exempt reserves | 132 | €67,980 | €67,980 | = | 0.0% |
| Distributable reserves | 133 | €1,061,796 | €1,062,456 | +€661 | +0.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €435,015 | €344,414 | -€90,601 | -20.8% |
| Amounts payable after more than one year | 17 | €318,168 | €274,210 | -€43,958 | -13.8% |
| Financial debts | 170/4 | €318,168 | €274,210 | -€43,958 | -13.8% |
| Amounts payable within one year | 42/48 | €116,847 | €70,204 | -€46,644 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €43,295 | €43,958 | +€663 | +1.5% |
| Trade debts | 44 | €28,577 | €10,260 | -€18,318 | -64.1% |
| Suppliers | 440/4 | €28,577 | €10,260 | -€18,318 | -64.1% |
| Taxes, remuneration and social security | 45 | €22,175 | €13,729 | -€8,446 | -38.1% |
| Taxes | 450/3 | €22,175 | €13,729 | -€8,446 | -38.1% |
| Other amounts payable | 47/48 | €22,800 | €2,258 | -€20,543 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,031 | €30,790 | -€33,241 | -51.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,476 | €0 | -€1,476 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,400 | €0 | +€24,400 | |
| Other operating charges | 640/8 | €8,942 | €4,387 | -€4,555 | -50.9% |
| Gross operating margin | 9900 | -€17,438 | €42,754 | +€60,192 | |
| Operating profit (loss) | 9901 | -€67,487 | €7,577 | +€75,064 | |
| Financial income | 75/76B | €1,242 | €1,817 | +€575 | +46.3% |
| Recurring financial income | 75 | €1,242 | €1,817 | +€575 | +46.3% |
| Financial charges | 65/66B | €8,008 | €8,349 | +€341 | +4.3% |
| Recurring financial charges | 65 | €8,008 | €8,349 | +€341 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€74,252 | €1,046 | +€75,298 | |
| Income taxes | 67/77 | €298 | €385 | +€87 | +29.2% |
| Profit (loss) for the period | 9904 | -€74,550 | €661 | +€75,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,550 | €661 | +€75,211 |
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 18 October 2026 via checked.be.