Charlotte Dielman: 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.
Charlotte Dielman
Largest movements
- Cash -€66,926
down €66,926 (-50.3%), from €133,069 to €66,143
mainly Other debts (-€56,063) and Receivables within one year (-€36,826)
- Receivables within one year +€36,826
up €36,826 (+68.0%), from €54,187 to €91,012
of which Trade receivables: +€19,337
- Tangible fixed assets -€14,600
down €14,600 (-7.2%), from €201,409 to €186,809
of which Land and buildings: -€11,366
- Intangible fixed assets -€12,137
down €12,137 (-50.0%), from €24,274 to €12,137
- Deferred charges and accrued income +€11,593
up €11,593 (+671%), from €1,727 to €13,320
- Other debts -€56,063
down €56,063 (-73.7%), from €76,063 to €20,000
- Reserves +€10,036
up €10,036 (+7.7%), from €130,011 to €140,047
of which Distributable reserves: +€10,036
- Debts after one year -€9,414
down €9,414 (-5.9%), from €160,462 to €151,047
- Tax, wage and social debts +€6,910
up €6,910 (+45.0%), from €15,361 to €22,271
- Gross operating margin -€33,669
down €33,669 (-29.9%), from €112,757 to €79,088
- Taxes -€8,451
down €8,451 (-37.0%), from €22,861 to €14,410
- Depreciation -€5,590
down €5,590 (-17.3%), from €32,328 to €26,738
- Other operating charges +€3,302
up €3,302 (+157%), from €2,109 to €5,411
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 | €414,665 | €369,421 | -€45,245 | -10.9% |
| Fixed assets | 21/28 | €225,683 | €198,946 | -€26,738 | -11.8% |
| Intangible fixed assets | 21 | €24,274 | €12,137 | -€12,137 | -50.0% |
| Tangible fixed assets | 22/27 | €201,409 | €186,809 | -€14,600 | -7.2% |
| Land and buildings | 22 | €185,817 | €174,450 | -€11,366 | -6.1% |
| Plant, machinery and equipment | 23 | €1,589 | €965 | -€623 | -39.2% |
| Furniture and vehicles | 24 | €14,004 | €11,393 | -€2,611 | -18.6% |
| Current assets | 29/58 | €188,982 | €170,475 | -€18,507 | -9.8% |
| Amounts receivable within one year | 40/41 | €54,187 | €91,012 | +€36,826 | +68.0% |
| Trade receivables | 40 | €51,819 | €71,157 | +€19,337 | +37.3% |
| Other amounts receivable | 41 | €2,367 | €19,856 | +€17,488 | +739% |
| Cash at bank and in hand | 54/58 | €133,069 | €66,143 | -€66,926 | -50.3% |
| Deferred charges and accrued income | 490/1 | €1,727 | €13,320 | +€11,593 | +671% |
| Total equity and liabilities | 10/49 | €414,665 | €369,421 | -€45,245 | -10.9% |
| Equity | 10/15 | €142,411 | €152,447 | +€10,036 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €130,011 | €140,047 | +€10,036 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,151 | €138,187 | +€10,036 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,255 | €216,974 | -€55,281 | -20.3% |
| Amounts payable after more than one year | 17 | €160,462 | €151,047 | -€9,414 | -5.9% |
| Financial debts | 170/4 | €160,462 | €151,047 | -€9,414 | -5.9% |
| Amounts payable within one year | 42/48 | €111,793 | €65,927 | -€45,867 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €11,822 | €11,862 | +€40 | +0.3% |
| Trade debts | 44 | €8,548 | €11,794 | +€3,246 | +38.0% |
| Suppliers | 440/4 | €8,548 | €11,794 | +€3,246 | +38.0% |
| Taxes, remuneration and social security | 45 | €15,361 | €22,271 | +€6,910 | +45.0% |
| Taxes | 450/3 | €15,361 | €22,271 | +€6,910 | +45.0% |
| Other amounts payable | 47/48 | €76,063 | €20,000 | -€56,063 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,328 | €26,738 | -€5,590 | -17.3% |
| Other operating charges | 640/8 | €2,109 | €5,411 | +€3,302 | +157% |
| Gross operating margin | 9900 | €112,757 | €79,088 | -€33,669 | -29.9% |
| Operating profit (loss) | 9901 | €78,320 | €46,939 | -€31,381 | -40.1% |
| Financial income | 75/76B | €112 | €0 | -€112 | -100% |
| Recurring financial income | 75 | €112 | €0 | -€112 | -100% |
| Financial charges | 65/66B | €2,801 | €2,493 | -€308 | -11.0% |
| Recurring financial charges | 65 | €2,801 | €2,493 | -€308 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €75,631 | €44,446 | -€31,185 | -41.2% |
| Income taxes | 67/77 | €22,861 | €14,410 | -€8,451 | -37.0% |
| Profit (loss) for the period | 9904 | €52,770 | €30,036 | -€22,734 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,770 | €30,036 | -€22,734 | -43.1% |
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.