CHARLUC: 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.
CHARLUC
Largest movements
- Current investments +€819,123
up €819,123 (+183%), from €447,352 to €1.3m
- Cash +€404,835
up €404,835 (+86.3%), from €469,357 to €874,191
mainly Net result for the year (+€1.1m) and Tax, wage and social debts (+€172,407)
- Receivables within one year -€90,917
down €90,917 (-12.1%), from €750,251 to €659,334
of which Other amounts receivable: -€274,078
- Tangible fixed assets +€32,457
up €32,457 (+17.0%), from €190,717 to €223,174
of which Furniture and vehicles: +€39,633
- Reserves +€964,650
up €964,650 (+54.9%), from €1.8m to €2.7m
- Tax, wage and social debts +€172,407
up €172,407 (+350%), from €49,201 to €221,608
of which Taxes: +€166,693
- Gross operating margin +€1.2m
up €1.2m (+253%), from €466,086 to €1.6m
- Taxes +€390,021
up €390,021 (+360%), from €108,334 to €498,355
- Financial income +€73,925
up €73,925 (+902%), from €8,194 to €82,118
- Staff costs +€17,630
up €17,630 (+15.0%), from €117,342 to €134,972
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 | €1,859,084 | €3,038,555 | +€1.2m | +63.4% |
| Fixed assets | 21/28 | €190,717 | €236,474 | +€45,757 | +24.0% |
| Tangible fixed assets | 22/27 | €190,717 | €223,174 | +€32,457 | +17.0% |
| Land and buildings | 22 | €190,194 | €183,017 | -€7,177 | -3.8% |
| Furniture and vehicles | 24 | €523 | €40,157 | +€39,633 | +7,572% |
| Financial fixed assets | 28 | - | €13,300 | +€13,300 | |
| Current assets | 29/58 | €1,668,366 | €2,802,081 | +€1.1m | +68.0% |
| Amounts receivable within one year | 40/41 | €750,251 | €659,334 | -€90,917 | -12.1% |
| Trade receivables | 40 | €326,241 | €509,401 | +€183,161 | +56.1% |
| Other amounts receivable | 41 | €424,010 | €149,932 | -€274,078 | -64.6% |
| Current investments | 50/53 | €447,352 | €1,266,475 | +€819,123 | +183% |
| Cash at bank and in hand | 54/58 | €469,357 | €874,191 | +€404,835 | +86.3% |
| Deferred charges and accrued income | 490/1 | €1,407 | €2,080 | +€673 | +47.9% |
| Total equity and liabilities | 10/49 | €1,859,084 | €3,038,555 | +€1.2m | +63.4% |
| Equity | 10/15 | €1,774,279 | €2,738,928 | +€964,650 | +54.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,755,679 | €2,720,328 | +€964,650 | +54.9% |
| Distributable reserves | 133 | €1,755,679 | €2,720,328 | +€964,650 | +54.9% |
| Amounts payable | 17/49 | €84,805 | €299,626 | +€214,821 | +253% |
| Amounts payable within one year | 42/48 | €84,361 | €299,002 | +€214,641 | +254% |
| Trade debts | 44 | €34,813 | €54,204 | +€19,392 | +55.7% |
| Suppliers | 440/4 | €34,813 | €54,204 | +€19,392 | +55.7% |
| Taxes, remuneration and social security | 45 | €49,201 | €221,608 | +€172,407 | +350% |
| Taxes | 450/3 | €26,860 | €193,553 | +€166,693 | +621% |
| Remuneration and social security | 454/9 | €22,340 | €28,055 | +€5,715 | +25.6% |
| Other amounts payable | 47/48 | €348 | €23,189 | +€22,842 | +6,571% |
| Accrued charges and deferred income | 492/3 | €444 | €624 | +€181 | +40.7% |
| Remuneration, social security and pensions | 62 | €117,342 | €134,972 | +€17,630 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,637 | €12,956 | +€5,319 | +69.6% |
| Other operating charges | 640/8 | €1,255 | €1,285 | +€31 | +2.5% |
| Gross operating margin | 9900 | €466,086 | €1,644,052 | +€1.2m | +253% |
| Operating profit (loss) | 9901 | €339,853 | €1,494,839 | +€1.2m | +340% |
| Financial income | 75/76B | €8,194 | €82,118 | +€73,925 | +902% |
| Recurring financial income | 75 | €8,194 | €82,118 | +€73,925 | +902% |
| Financial charges | 65/66B | €291 | €376 | +€85 | +29.2% |
| Recurring financial charges | 65 | €291 | €376 | +€85 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €347,755 | €1,576,581 | +€1.2m | +353% |
| Income taxes | 67/77 | €108,334 | €498,355 | +€390,021 | +360% |
| Profit (loss) for the period | 9904 | €239,421 | €1,078,226 | +€838,804 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €239,421 | €1,078,226 | +€838,804 | +350% |
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 15 October 2026 via checked.be.