CHARLOTTE DE RAEF: what changed
CHARLOTTE DE RAEF
Largest movements
- Receivables within one year +€40,523
up €40,523 (+92.7%), from €43,694 to €84,217
of which Trade receivables: +€24,872
- Cash -€36,730
down €36,730 (-99.9%), from €36,784 to €54
mainly Contributions, distributions and other (-€42,000) and Receivables within one year (-€40,523)
- Other debts +€15,494
up €15,494 (+58.5%), from €26,506 to €42,000
- Tax, wage and social debts -€12,020
down €12,020 (-37.4%), from €32,102 to €20,082
of which Taxes: -€12,020
- Trade debts +€4,958
up €4,958 (+18.6%), from €26,665 to €31,623
- Current portion of long-term debt -€2,732
down €2,732 (-66.3%), from €4,123 to €1,391
- Debts after one year -€1,391
down €1,391 (-100%), from €1,391 to €0
- Gross operating margin +€33,322
up €33,322 (+114%), from €29,147 to €62,469
- Taxes +€7,680
up €7,680 (+141%), from €5,455 to €13,135
- Financial income -€731
down €731 (-40.0%), from €1,828 to €1,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,836 | €98,526 | +€4,690 | +5.0% |
| Fixed assets | 21/28 | €12,627 | €12,552 | -€75 | -0.6% |
| Tangible fixed assets | 22/27 | €12,627 | €12,552 | -€75 | -0.6% |
| Furniture and vehicles | 24 | €3,550 | €2,571 | -€979 | -27.6% |
| Other tangible fixed assets | 26 | €9,077 | €9,981 | +€904 | +10.0% |
| Current assets | 29/58 | €81,209 | €85,975 | +€4,765 | +5.9% |
| Amounts receivable within one year | 40/41 | €43,694 | €84,217 | +€40,523 | +92.7% |
| Trade receivables | 40 | €36,669 | €61,541 | +€24,872 | +67.8% |
| Other amounts receivable | 41 | €7,025 | €22,676 | +€15,651 | +223% |
| Cash at bank and in hand | 54/58 | €36,784 | €54 | -€36,730 | -99.9% |
| Deferred charges and accrued income | 490/1 | €731 | €1,704 | +€972 | +133% |
| Total equity and liabilities | 10/49 | €93,836 | €98,526 | +€4,690 | +5.0% |
| Equity | 10/15 | €2,500 | €3,430 | +€930 | +37.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €930 | +€930 | |
| Amounts payable | 17/49 | €91,336 | €95,096 | +€3,760 | +4.1% |
| Amounts payable after more than one year | 17 | €1,391 | €0 | -€1,391 | -100% |
| Financial debts | 170/4 | €1,391 | €0 | -€1,391 | -100% |
| Amounts payable within one year | 42/48 | €89,396 | €95,096 | +€5,700 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €4,123 | €1,391 | -€2,732 | -66.3% |
| Trade debts | 44 | €26,665 | €31,623 | +€4,958 | +18.6% |
| Suppliers | 440/4 | €26,665 | €31,623 | +€4,958 | +18.6% |
| Taxes, remuneration and social security | 45 | €32,102 | €20,082 | -€12,020 | -37.4% |
| Taxes | 450/3 | €29,102 | €17,082 | -€12,020 | -41.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €26,506 | €42,000 | +€15,494 | +58.5% |
| Accrued charges and deferred income | 492/3 | €549 | €0 | -€549 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,084 | €2,075 | -€9 | -0.4% |
| Other operating charges | 640/8 | €1,174 | €981 | -€192 | -16.4% |
| Gross operating margin | 9900 | €29,147 | €62,469 | +€33,322 | +114% |
| Operating profit (loss) | 9901 | €25,889 | €59,412 | +€33,523 | +129% |
| Financial income | 75/76B | €1,828 | €1,097 | -€731 | -40.0% |
| Recurring financial income | 75 | €1,828 | €1,097 | -€731 | -40.0% |
| Financial charges | 65/66B | €4,417 | €4,444 | +€27 | +0.6% |
| Recurring financial charges | 65 | €4,417 | €4,444 | +€27 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €23,300 | €56,065 | +€32,765 | +141% |
| Income taxes | 67/77 | €5,455 | €13,135 | +€7,680 | +141% |
| Profit (loss) for the period | 9904 | €17,845 | €42,930 | +€25,085 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €17,845 | €42,930 | +€25,085 | +141% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.