CHARLIER PATRICK: 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 PATRICK
Largest movements
- Receivables within one year +€61,264
up €61,264 (+154.7%), from €39,608 to €100,871
of which Trade receivables: +€56,620
- Tangible fixed assets +€47,912
up €47,912 (+170.3%), from €28,129 to €76,041
of which Plant, machinery and equipment: +€26,731
- Debts after one year +€26,604
up €26,604, from €0 to €26,604
- Accrued charges and deferred income +€26,113
up €26,113, from €0 to €26,113
- Reserves +€20,000
up €20,000 (+166.7%), from €12,000 to €32,000
- Other debts +€17,272
up €17,272 (+41.8%), from €41,305 to €58,577
- Current portion of long-term debt +€15,690
up €15,690 (+339.4%), from €4,623 to €20,313
- Gross operating margin +€75,481
up €75,481 (+717.4%), from €10,522 to €86,002
- Taxes +€13,188
new in 2025: €13,188
- Depreciation +€5,554
up €5,554 (+49.0%), from €11,334 to €16,888
- Staff costs -€5,421
down €5,421 (-63.1%), from €8,589 to €3,168
- Financial charges +€1,915
up €1,915 (+265.3%), from €722 to €2,637
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 | €100,731 | €210,041 | +€109,310 | +108.5% |
| Fixed assets | 21/28 | €28,679 | €77,325 | +€48,646 | +169.6% |
| Intangible fixed assets | 21 | €550 | €1,284 | +€734 | +133.4% |
| Tangible fixed assets | 22/27 | €28,129 | €76,041 | +€47,912 | +170.3% |
| Land and buildings | 22 | €865 | €371 | -€494 | -57.1% |
| Plant, machinery and equipment | 23 | €8,816 | €35,546 | +€26,731 | +303.2% |
| Furniture and vehicles | 24 | €18,448 | €40,124 | +€21,676 | +117.5% |
| Current assets | 29/58 | €72,052 | €132,717 | +€60,664 | +84.2% |
| Stocks and contracts in progress | 3 | €31,328 | €31,580 | +€251 | +0.8% |
| Stocks | 30/36 | €31,328 | €31,580 | +€251 | +0.8% |
| Amounts receivable within one year | 40/41 | €39,608 | €100,871 | +€61,264 | +154.7% |
| Trade receivables | 40 | €30,786 | €87,406 | +€56,620 | +183.9% |
| Other amounts receivable | 41 | €8,822 | €13,465 | +€4,643 | +52.6% |
| Cash at bank and in hand | 54/58 | €920 | €0 | -€920 | -100.0% |
| Deferred charges and accrued income | 490/1 | €196 | €266 | +€70 | +35.6% |
| Total equity and liabilities | 10/49 | €100,731 | €210,041 | +€109,310 | +108.5% |
| Equity | 10/15 | €14,217 | €38,761 | +€24,544 | +172.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €32,000 | +€20,000 | +166.7% |
| Distributable reserves | 133 | €12,000 | €32,000 | +€20,000 | +166.7% |
| Profit (loss) carried forward | 14 | -€2,783 | €1,761 | +€4,544 | |
| Amounts payable | 17/49 | €86,514 | €171,281 | +€84,766 | +98.0% |
| Amounts payable after more than one year | 17 | €0 | €26,604 | +€26,604 | |
| Financial debts | 170/4 | €0 | €26,604 | +€26,604 | |
| Amounts payable within one year | 42/48 | €86,514 | €118,564 | +€32,049 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €4,623 | €20,313 | +€15,690 | +339.4% |
| Financial debts | 43 | €0 | €6,112 | +€6,112 | |
| Credit institutions | 430/8 | €0 | €6,112 | +€6,112 | |
| Trade debts | 44 | €29,639 | €22,904 | -€6,734 | -22.7% |
| Suppliers | 440/4 | €29,639 | €22,904 | -€6,734 | -22.7% |
| Taxes, remuneration and social security | 45 | €10,948 | €10,657 | -€291 | -2.7% |
| Taxes | 450/3 | €8,397 | €10,657 | +€2,260 | +26.9% |
| Remuneration and social security | 454/9 | €2,551 | €0 | -€2,551 | -100.0% |
| Other amounts payable | 47/48 | €41,305 | €58,577 | +€17,272 | +41.8% |
| Accrued charges and deferred income | 492/3 | €0 | €26,113 | +€26,113 | |
| Remuneration, social security and pensions | 62 | €8,589 | €3,168 | -€5,421 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,334 | €16,888 | +€5,554 | +49.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €572 | - | -€572 | |
| Other operating charges | 640/8 | €926 | €869 | -€57 | -6.2% |
| Gross operating margin | 9900 | €10,522 | €86,002 | +€75,481 | +717.4% |
| Operating profit (loss) | 9901 | -€10,900 | €65,078 | +€75,978 | |
| Financial income | 75/76B | €923 | €292 | -€631 | -68.4% |
| Recurring financial income | 75 | €923 | €292 | -€631 | -68.4% |
| Financial charges | 65/66B | €722 | €2,637 | +€1,915 | +265.3% |
| Recurring financial charges | 65 | €722 | €2,637 | +€1,915 | +265.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,699 | €62,733 | +€73,431 | |
| Income taxes | 67/77 | - | €13,188 | +€13,188 | |
| Profit (loss) for the period | 9904 | -€10,699 | €49,544 | +€60,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,699 | €49,544 | +€60,243 |
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 9 October 2026 via checked.be.