CHARLOL: 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.
CHARLOL
Largest movements
- Receivables within one year +€14,826
up €14,826 (+94.6%), from €15,665 to €30,491
of which Other amounts receivable: +€14,234
- Cash +€14,258
up €14,258 (+89.0%), from €16,016 to €30,274
mainly Net result for the year (+€26,212) and Tax, wage and social debts (+€7,193)
- Tangible fixed assets -€4,914
down €4,914 (-8.9%), from €55,095 to €50,180
of which Other tangible fixed assets: -€5,741
- Deferred charges and accrued income -€1,772
no longer reported in 2025 (was €1,772)
- Reserves +€25,455
up €25,455 (+1368.5%), from €1,860 to €27,315
of which Distributable reserves: +€25,455
- Other debts -€11,102
down €11,102 (-98.9%), from €11,222 to €120
- Tax, wage and social debts +€7,193
up €7,193 (+158.2%), from €4,548 to €11,741
- Gross operating margin +€26,670
up €26,670 (+138.6%), from €19,249 to €45,919
- Taxes +€6,991
up €6,991 (+148.3%), from €4,714 to €11,704
- Depreciation +€2,539
up €2,539 (+69.0%), from €3,680 to €6,219
- Staff costs +€1,493
new in 2025: €1,493
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 | €88,547 | €110,945 | +€22,397 | +25.3% |
| Fixed assets | 21/28 | €55,095 | €50,180 | -€4,914 | -8.9% |
| Tangible fixed assets | 22/27 | €55,095 | €50,180 | -€4,914 | -8.9% |
| Furniture and vehicles | 24 | €961 | €1,788 | +€827 | +86.1% |
| Other tangible fixed assets | 26 | €54,134 | €48,393 | -€5,741 | -10.6% |
| Current assets | 29/58 | €33,453 | €60,764 | +€27,312 | +81.6% |
| Amounts receivable within one year | 40/41 | €15,665 | €30,491 | +€14,826 | +94.6% |
| Trade receivables | 40 | €12,717 | €13,309 | +€592 | +4.7% |
| Other amounts receivable | 41 | €2,948 | €17,182 | +€14,234 | +482.9% |
| Cash at bank and in hand | 54/58 | €16,016 | €30,274 | +€14,258 | +89.0% |
| Deferred charges and accrued income | 490/1 | €1,772 | - | -€1,772 | |
| Total equity and liabilities | 10/49 | €88,547 | €110,945 | +€22,397 | +25.3% |
| Equity | 10/15 | €71,937 | €98,149 | +€26,212 | +36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €27,315 | +€25,455 | +1368.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €25,455 | +€25,455 | |
| Profit (loss) carried forward | 14 | €51,477 | €52,234 | +€757 | +1.5% |
| Amounts payable | 17/49 | €16,610 | €12,796 | -€3,814 | -23.0% |
| Amounts payable within one year | 42/48 | €16,610 | €12,796 | -€3,814 | -23.0% |
| Trade debts | 44 | €841 | €935 | +€94 | +11.2% |
| Suppliers | 440/4 | €841 | €935 | +€94 | +11.2% |
| Taxes, remuneration and social security | 45 | €4,548 | €11,741 | +€7,193 | +158.2% |
| Taxes | 450/3 | €4,548 | €11,741 | +€7,193 | +158.2% |
| Other amounts payable | 47/48 | €11,222 | €120 | -€11,102 | -98.9% |
| Remuneration, social security and pensions | 62 | - | €1,493 | +€1,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,680 | €6,219 | +€2,539 | +69.0% |
| Other operating charges | 640/8 | €277 | €167 | -€111 | -39.9% |
| Gross operating margin | 9900 | €19,249 | €45,919 | +€26,670 | +138.6% |
| Operating profit (loss) | 9901 | €15,291 | €38,040 | +€22,749 | +148.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.4% |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €15,167 | €37,916 | +€22,749 | +150.0% |
| Income taxes | 67/77 | €4,714 | €11,704 | +€6,991 | +148.3% |
| Profit (loss) for the period | 9904 | €10,453 | €26,212 | +€15,758 | +150.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,453 | €26,212 | +€15,758 | +150.8% |
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 10 October 2026 via checked.be.