CHARLOU PROJECTS: what changed
Two fiscal 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.
CHARLOU PROJECTS
Largest movements
- Stocks and contracts -€89,769
down €89,769 (-4.7%), from €1.9m to €1.8m
- Cash -€57,792
down €57,792 (-91.2%), from €63,400 to €5,608
mainly Short-term financial debts (-€260,861) and Net result for the year (-€69,541)
- Short-term financial debts -€260,861
down €260,861 (-25.0%), from €1.0m to €783,299
- Other debts +€141,104
up €141,104 (+14.9%), from €949,636 to €1.1m
- Profit (loss) carried forward -€69,541
down €69,541 (-445.3%), from -€15,617 to -€85,158
- Trade debts +€31,801
up €31,801 (+525.9%), from €6,046 to €37,847
- Gross operating margin -€63,798
down €63,798 (-1615.4%), from -€3,949 to -€67,747
- Depreciation -€1,439
down €1,439 (-100.0%), from €1,439 to €0
- Financial charges +€1,307
up €1,307 (+1506.7%), from €87 to €1,394
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 | €1,990,972 | €1,843,411 | -€147,561 | -7.4% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €1,990,972 | €1,843,411 | -€147,561 | -7.4% |
| Stocks and contracts in progress | 3 | €1,927,571 | €1,837,803 | -€89,769 | -4.7% |
| Stocks | 30/36 | €1,927,571 | €1,837,803 | -€89,769 | -4.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €63,400 | €5,608 | -€57,792 | -91.2% |
| Total equity and liabilities | 10/49 | €1,990,972 | €1,843,411 | -€147,561 | -7.4% |
| Equity | 10/15 | -€13,117 | -€82,658 | -€69,541 | -530.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,617 | -€85,158 | -€69,541 | -445.3% |
| Amounts payable | 17/49 | €2,004,089 | €1,926,068 | -€78,020 | -3.9% |
| Amounts payable within one year | 42/48 | €2,004,089 | €1,926,068 | -€78,020 | -3.9% |
| Financial debts | 43 | €1,044,160 | €783,299 | -€260,861 | -25.0% |
| Credit institutions | 430/8 | €1,044,160 | €783,299 | -€260,861 | -25.0% |
| Trade debts | 44 | €6,046 | €37,847 | +€31,801 | +525.9% |
| Suppliers | 440/4 | €6,046 | €37,847 | +€31,801 | +525.9% |
| Taxes, remuneration and social security | 45 | €4,246 | €14,182 | +€9,936 | +234.0% |
| Taxes | 450/3 | €4,246 | €14,182 | +€9,936 | +234.0% |
| Other amounts payable | 47/48 | €949,636 | €1,090,740 | +€141,104 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,439 | €0 | -€1,439 | -100.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,949 | -€67,747 | -€63,798 | -1615.4% |
| Operating profit (loss) | 9901 | -€5,776 | -€68,147 | -€62,371 | -1079.9% |
| Financial charges | 65/66B | €87 | €1,394 | +€1,307 | +1506.7% |
| Recurring financial charges | 65 | €87 | €1,394 | +€1,307 | +1506.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,863 | -€69,541 | -€63,678 | -1086.2% |
| Profit (loss) for the period | 9904 | -€5,863 | -€69,541 | -€63,678 | -1086.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,863 | -€69,541 | -€63,678 | -1086.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.