Charlotte THOMAS: 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 THOMAS
Largest movements
- Cash -€45,245
down €45,245 (-15.5%), from €292,715 to €247,470
mainly Tax, wage and social debts (-€22,301) and Debts after one year (-€21,000)
- Financial fixed assets +€18,119
up €18,119 (+3.8%), from €483,051 to €501,170
- Reserves +€23,416
up €23,416 (+3.9%), from €594,730 to €618,146
of which Distributable reserves: +€23,416
- Tax, wage and social debts -€22,301
down €22,301 (-85.1%), from €26,216 to €3,915
- Debts after one year -€21,000
down €21,000 (-25.5%), from €82,250 to €61,250
- Financial income -€244,543
down €244,543 (-98.8%), from €247,613 to €3,070
- Taxes -€22,061
down €22,061 (-71.5%), from €30,842 to €8,781
- Purchases and services +€1,601
up €1,601 (+2.1%), from €77,058 to €78,659
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 | €1,023,448 | €995,947 | -€27,501 | -2.7% |
| Fixed assets | 21/28 | €483,051 | €501,170 | +€18,119 | +3.8% |
| Financial fixed assets | 28 | €483,051 | €501,170 | +€18,119 | +3.8% |
| Current assets | 29/58 | €540,397 | €494,777 | -€45,620 | -8.4% |
| Amounts receivable within one year | 40/41 | €247,682 | €247,247 | -€435 | -0.2% |
| Trade receivables | 40 | €605 | - | -€605 | |
| Other amounts receivable | 41 | €247,077 | €247,247 | +€170 | +0.1% |
| Cash at bank and in hand | 54/58 | €292,715 | €247,470 | -€45,245 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €1,023,448 | €995,947 | -€27,501 | -2.7% |
| Equity | 10/15 | €880,438 | €903,854 | +€23,416 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €594,730 | €618,146 | +€23,416 | +3.9% |
| 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 | €592,870 | €616,286 | +€23,416 | +3.9% |
| Profit (loss) carried forward | 14 | €279,508 | €279,508 | = | 0.0% |
| Amounts payable | 17/49 | €143,010 | €92,093 | -€50,917 | -35.6% |
| Amounts payable after more than one year | 17 | €82,250 | €61,250 | -€21,000 | -25.5% |
| Other amounts payable | 178/9 | €82,250 | €61,250 | -€21,000 | -25.5% |
| Amounts payable within one year | 42/48 | €60,760 | €30,843 | -€29,917 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €3,500 | = | 0.0% |
| Trade debts | 44 | €674 | €1,803 | +€1,129 | +168% |
| Suppliers | 440/4 | €674 | €1,803 | +€1,129 | +168% |
| Taxes, remuneration and social security | 45 | €26,216 | €3,915 | -€22,301 | -85.1% |
| Taxes | 450/3 | €26,216 | €3,915 | -€22,301 | -85.1% |
| Other amounts payable | 47/48 | €30,370 | €21,625 | -€8,745 | -28.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €77,058 | €78,659 | +€1,601 | +2.1% |
| Gross operating margin | 9900 | €29,442 | €29,341 | -€101 | -0.3% |
| Operating profit (loss) | 9901 | €29,442 | €29,341 | -€101 | -0.3% |
| Financial income | 75/76B | €247,613 | €3,070 | -€244,543 | -98.8% |
| Recurring financial income | 75 | €247,613 | €3,070 | -€244,543 | -98.8% |
| Financial charges | 65/66B | €135 | €214 | +€79 | +58.5% |
| Recurring financial charges | 65 | €135 | €214 | +€79 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €276,920 | €32,197 | -€244,723 | -88.4% |
| Income taxes | 67/77 | €30,842 | €8,781 | -€22,061 | -71.5% |
| Profit (loss) for the period | 9904 | €246,078 | €23,416 | -€222,662 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €246,078 | €23,416 | -€222,662 | -90.5% |
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 26 October 2026 via checked.be.