Charlies Project: 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.
Charlies Project
Largest movements
- Tangible fixed assets -€168,240
down €168,240 (-74.4%), from €226,248 to €58,008
of which Land and buildings: -€149,600
- Cash +€149,690
up €149,690 (+1,722%), from €8,695 to €158,385
mainly Investment in fixed assets (net) (+€161,647) and Net result for the year (+€97,391)
- Receivables within one year +€21,939
up €21,939 (+580%), from €3,784 to €25,723
of which Trade receivables: +€21,939
- Debts after one year -€96,006
down €96,006 (-77.4%), from €124,006 to €28,000
of which Financial debts: -€96,006
- Reserves +€93,960
up €93,960 (+1,341%), from €7,007 to €100,967
- Current portion of long-term debt -€17,189
down €17,189 (-100%), from €17,189 to €0
- Other debts +€11,797
up €11,797 (+16.3%), from €72,458 to €84,255
- Tax, wage and social debts +€6,424
up €6,424 (+527%), from €1,219 to €7,643
- Gross operating margin +€131,285
up €131,285 (+476%), from €27,583 to €158,868
- Taxes +€44,885
up €44,885 (+4,405%), from €1,019 to €45,904
- Depreciation -€9,008
down €9,008 (-57.7%), from €15,601 to €6,593
- Financial charges +€2,280
up €2,280 (+85.1%), from €2,681 to €4,962
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 | €238,727 | €242,116 | +€3,390 | +1.4% |
| Fixed assets | 21/28 | €226,248 | €58,008 | -€168,240 | -74.4% |
| Tangible fixed assets | 22/27 | €226,248 | €58,008 | -€168,240 | -74.4% |
| Land and buildings | 22 | €149,600 | €0 | -€149,600 | -100% |
| Other tangible fixed assets | 26 | €76,648 | €58,008 | -€18,640 | -24.3% |
| Current assets | 29/58 | €12,479 | €184,108 | +€171,629 | +1,375% |
| Amounts receivable within one year | 40/41 | €3,784 | €25,723 | +€21,939 | +580% |
| Trade receivables | 40 | - | €21,939 | +€21,939 | |
| Other amounts receivable | 41 | €3,784 | €3,784 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,695 | €158,385 | +€149,690 | +1,722% |
| Total equity and liabilities | 10/49 | €238,727 | €242,116 | +€3,390 | +1.4% |
| Equity | 10/15 | €22,176 | €119,567 | +€97,391 | +439% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,007 | €100,967 | +€93,960 | +1,341% |
| Distributable reserves | 133 | €7,007 | €100,967 | +€93,960 | +1,341% |
| Profit (loss) carried forward | 14 | -€3,431 | €0 | +€3,431 | |
| Amounts payable | 17/49 | €216,551 | €122,550 | -€94,001 | -43.4% |
| Amounts payable after more than one year | 17 | €124,006 | €28,000 | -€96,006 | -77.4% |
| Financial debts | 170/4 | €96,006 | €0 | -€96,006 | -100% |
| Other amounts payable | 178/9 | €28,000 | €28,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,545 | €94,550 | +€2,005 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €17,189 | €0 | -€17,189 | -100% |
| Financial debts | 43 | €1,220 | €1,519 | +€299 | +24.5% |
| Credit institutions | 430/8 | €1,220 | €1,519 | +€299 | +24.5% |
| Trade debts | 44 | €460 | €1,133 | +€673 | +146% |
| Suppliers | 440/4 | €460 | €1,133 | +€673 | +146% |
| Taxes, remuneration and social security | 45 | €1,219 | €7,643 | +€6,424 | +527% |
| Taxes | 450/3 | €1,219 | €7,643 | +€6,424 | +527% |
| Other amounts payable | 47/48 | €72,458 | €84,255 | +€11,797 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,601 | €6,593 | -€9,008 | -57.7% |
| Other operating charges | 640/8 | €2,898 | €4,018 | +€1,120 | +38.6% |
| Gross operating margin | 9900 | €27,583 | €158,868 | +€131,285 | +476% |
| Operating profit (loss) | 9901 | €9,084 | €148,257 | +€139,173 | +1,532% |
| Financial charges | 65/66B | €2,681 | €4,962 | +€2,280 | +85.1% |
| Recurring financial charges | 65 | €2,681 | €4,962 | +€2,280 | +85.1% |
| Profit (loss) for the period before taxes | 9903 | €6,403 | €143,295 | +€136,892 | +2,138% |
| Income taxes | 67/77 | €1,019 | €45,904 | +€44,885 | +4,405% |
| Profit (loss) for the period | 9904 | €5,384 | €97,391 | +€92,007 | +1,709% |
| Profit (loss) for the period to be appropriated | 9905 | €5,384 | €97,391 | +€92,007 | +1,709% |
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 28 October 2026 via checked.be.