CHARLINE HENSEN: 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.
CHARLINE HENSEN
Largest movements
- Intangible fixed assets -€13,000
down €13,000 (-40.0%), from €32,500 to €19,500
- Tangible fixed assets -€10,034
down €10,034 (-38.4%), from €26,149 to €16,115
of which Furniture and vehicles: -€9,690
- Deferred charges and accrued income +€4,673
up €4,673 (+67.3%), from €6,946 to €11,618
- Receivables within one year -€3,310
down €3,310 (-65.7%), from €5,035 to €1,724
of which Other amounts receivable: -€3,002
- Cash +€2,408
up €2,408 (+14.7%), from €16,365 to €18,773
mainly Depreciation (+€23,034) and Receivables within one year (+€3,310)
- Profit (loss) carried forward -€9,917
down €9,917 (-846%), from -€1,173 to -€11,090
- Debts after one year -€7,394
down €7,394 (-62.8%), from €11,772 to €4,378
- Other debts -€1,495
down €1,495 (-29.6%), from €5,053 to €3,558
- Staff costs -€19,915
no longer reported in 2025 (was €19,915)
- Gross operating margin -€17,120
down €17,120 (-53.9%), from €31,749 to €14,630
- Financial charges -€587
down €587 (-53.2%), from €1,105 to €517
of which Non-recurring financial charges: -€412
- Other operating charges -€409
down €409 (-32.2%), from €1,272 to €863
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 | €86,994 | €67,730 | -€19,264 | -22.1% |
| Fixed assets | 21/28 | €58,649 | €35,615 | -€23,034 | -39.3% |
| Intangible fixed assets | 21 | €32,500 | €19,500 | -€13,000 | -40.0% |
| Tangible fixed assets | 22/27 | €26,149 | €16,115 | -€10,034 | -38.4% |
| Furniture and vehicles | 24 | €24,774 | €15,083 | -€9,690 | -39.1% |
| Other tangible fixed assets | 26 | €1,376 | €1,032 | -€344 | -25.0% |
| Current assets | 29/58 | €28,345 | €32,115 | +€3,770 | +13.3% |
| Amounts receivable within one year | 40/41 | €5,035 | €1,724 | -€3,310 | -65.7% |
| Trade receivables | 40 | €1,165 | €856 | -€308 | -26.5% |
| Other amounts receivable | 41 | €3,870 | €868 | -€3,002 | -77.6% |
| Cash at bank and in hand | 54/58 | €16,365 | €18,773 | +€2,408 | +14.7% |
| Deferred charges and accrued income | 490/1 | €6,946 | €11,618 | +€4,673 | +67.3% |
| Total equity and liabilities | 10/49 | €86,994 | €67,730 | -€19,264 | -22.1% |
| Equity | 10/15 | €59,227 | €49,310 | -€9,917 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,800 | €41,800 | = | 0.0% |
| Distributable reserves | 133 | €41,800 | €41,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,173 | -€11,090 | -€9,917 | -846% |
| Amounts payable | 17/49 | €27,767 | €18,420 | -€9,347 | -33.7% |
| Amounts payable after more than one year | 17 | €11,772 | €4,378 | -€7,394 | -62.8% |
| Financial debts | 170/4 | €11,772 | €4,378 | -€7,394 | -62.8% |
| Amounts payable within one year | 42/48 | €15,949 | €14,042 | -€1,907 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €8,251 | €7,394 | -€857 | -10.4% |
| Trade debts | 44 | €632 | €1,189 | +€557 | +88.1% |
| Suppliers | 440/4 | €632 | €1,189 | +€557 | +88.1% |
| Taxes, remuneration and social security | 45 | €2,013 | €1,902 | -€111 | -5.5% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €2,013 | €1,902 | -€111 | -5.5% |
| Other amounts payable | 47/48 | €5,053 | €3,558 | -€1,495 | -29.6% |
| Accrued charges and deferred income | 492/3 | €46 | €0 | -€46 | -100% |
| Non-recurring operating income | 76A | - | €111 | +€111 | |
| Remuneration, social security and pensions | 62 | €19,915 | - | -€19,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,034 | €23,034 | = | 0.0% |
| Other operating charges | 640/8 | €1,272 | €863 | -€409 | -32.2% |
| Gross operating margin | 9900 | €31,749 | €14,630 | -€17,120 | -53.9% |
| Operating profit (loss) | 9901 | -€12,472 | -€9,268 | +€3,204 | +25.7% |
| Financial charges | 65/66B | €1,105 | €517 | -€587 | -53.2% |
| Recurring financial charges | 65 | €693 | €517 | -€175 | -25.3% |
| Non-recurring financial charges | 66B | €412 | - | -€412 | |
| Profit (loss) for the period before taxes | 9903 | -€13,577 | -€9,785 | +€3,792 | +27.9% |
| Income taxes | 67/77 | €130 | €132 | +€2 | +1.4% |
| Profit (loss) for the period | 9904 | -€13,707 | -€9,917 | +€3,790 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,707 | -€9,917 | +€3,790 | +27.6% |
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 1 November 2026 via checked.be.