CHARLOVIC: 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.
CHARLOVIC
Largest movements
- Tangible fixed assets -€25,089
down €25,089 (-6.8%), from €371,583 to €346,494
- Receivables within one year -€23,805
down €23,805 (-49.9%), from €47,728 to €23,923
of which Trade receivables: -€29,519
- Current investments +€22,367
up €22,367 (+46.6%), from €47,962 to €70,328
- Cash +€17,707
up €17,707 (+51.0%), from €34,690 to €52,396
mainly Other debts (+€75,941) and Net result for the year (+€56,190)
- Stocks and contracts +€7,891
up €7,891 (+26.3%), from €30,000 to €37,891
- Other debts +€75,941
up €75,941 (+153%), from €49,601 to €125,543
- Reserves -€43,810
down €43,810 (-9.6%), from €455,149 to €411,340
- Debts after one year -€26,291
down €26,291 (-15.6%), from €168,731 to €142,439
- Trade debts -€10,280
down €10,280 (-82.4%), from €12,480 to €2,200
- Gross operating margin -€17,181
down €17,181 (-15.9%), from €108,118 to €90,937
- Taxes -€5,108
down €5,108 (-27.3%), from €18,720 to €13,612
- Financial charges +€4,645
up €4,645 (+64.3%), from €7,226 to €11,871
- Financial income +€2,896
up €2,896 (+16.9%), from €17,161 to €20,056
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 | €740,838 | €742,445 | +€1,607 | +0.2% |
| Fixed assets | 21/28 | €371,583 | €346,494 | -€25,089 | -6.8% |
| Tangible fixed assets | 22/27 | €371,583 | €346,494 | -€25,089 | -6.8% |
| Land and buildings | 22 | €311,625 | €304,392 | -€7,233 | -2.3% |
| Plant, machinery and equipment | 23 | €17,802 | €17,335 | -€467 | -2.6% |
| Furniture and vehicles | 24 | €27,889 | €15,577 | -€12,312 | -44.1% |
| Other tangible fixed assets | 26 | €14,267 | €9,191 | -€5,076 | -35.6% |
| Current assets | 29/58 | €369,255 | €395,952 | +€26,696 | +7.2% |
| Amounts receivable after more than one year | 29 | €207,220 | €208,922 | +€1,702 | +0.8% |
| Trade receivables | 290 | €207,220 | €208,922 | +€1,702 | +0.8% |
| Stocks and contracts in progress | 3 | €30,000 | €37,891 | +€7,891 | +26.3% |
| Stocks | 30/36 | €30,000 | €37,891 | +€7,891 | +26.3% |
| Amounts receivable within one year | 40/41 | €47,728 | €23,923 | -€23,805 | -49.9% |
| Trade receivables | 40 | €29,519 | €0 | -€29,519 | -100% |
| Other amounts receivable | 41 | €18,208 | €23,923 | +€5,714 | +31.4% |
| Current investments | 50/53 | €47,962 | €70,328 | +€22,367 | +46.6% |
| Cash at bank and in hand | 54/58 | €34,690 | €52,396 | +€17,707 | +51.0% |
| Deferred charges and accrued income | 490/1 | €1,656 | €2,492 | +€835 | +50.4% |
| Total equity and liabilities | 10/49 | €740,838 | €742,445 | +€1,607 | +0.2% |
| Equity | 10/15 | €473,749 | €429,940 | -€43,810 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €455,149 | €411,340 | -€43,810 | -9.6% |
| Distributable reserves | 133 | €455,149 | €411,340 | -€43,810 | -9.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €267,089 | €312,506 | +€45,417 | +17.0% |
| Amounts payable after more than one year | 17 | €168,731 | €142,439 | -€26,291 | -15.6% |
| Financial debts | 170/4 | €168,731 | €142,439 | -€26,291 | -15.6% |
| Amounts payable within one year | 42/48 | €95,215 | €162,219 | +€67,004 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | €26,029 | €26,291 | +€262 | +1.0% |
| Trade debts | 44 | €12,480 | €2,200 | -€10,280 | -82.4% |
| Suppliers | 440/4 | €12,480 | €2,200 | -€10,280 | -82.4% |
| Taxes, remuneration and social security | 45 | €7,105 | €8,185 | +€1,080 | +15.2% |
| Taxes | 450/3 | €7,105 | €8,185 | +€1,080 | +15.2% |
| Other amounts payable | 47/48 | €49,601 | €125,543 | +€75,941 | +153% |
| Accrued charges and deferred income | 492/3 | €3,143 | €7,848 | +€4,705 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,810 | €27,643 | +€834 | +3.1% |
| Other operating charges | 640/8 | €1,633 | €1,677 | +€44 | +2.7% |
| Gross operating margin | 9900 | €108,118 | €90,937 | -€17,181 | -15.9% |
| Operating profit (loss) | 9901 | €79,675 | €61,616 | -€18,059 | -22.7% |
| Financial income | 75/76B | €17,161 | €20,056 | +€2,896 | +16.9% |
| Recurring financial income | 75 | €17,161 | €20,056 | +€2,896 | +16.9% |
| Financial charges | 65/66B | €7,226 | €11,871 | +€4,645 | +64.3% |
| Recurring financial charges | 65 | €7,226 | €11,871 | +€4,645 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €89,609 | €69,802 | -€19,808 | -22.1% |
| Income taxes | 67/77 | €18,720 | €13,612 | -€5,108 | -27.3% |
| Profit (loss) for the period | 9904 | €70,890 | €56,190 | -€14,699 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,890 | €56,190 | -€14,699 | -20.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.