CHARLYS: 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.
CHARLYS
Largest movements
- Cash -€55,431
down €55,431 (-74.3%), from €74,562 to €19,131
mainly Short-term financial debts (-€77,899) and Net result for the year (-€56,277)
- Tangible fixed assets -€35,025
down €35,025 (-10.8%), from €324,485 to €289,460
of which Other tangible fixed assets: -€19,074
- Receivables within one year -€14,948
down €14,948 (-77.9%), from €19,182 to €4,234
of which Trade receivables: -€16,556
- Stocks and contracts +€11,629
up €11,629 (+19.8%), from €58,624 to €70,253
- Short-term financial debts -€77,899
down €77,899 (-100.0%), from €77,899 to €0
- Current portion of long-term debt +€49,473
up €49,473 (+101.7%), from €48,629 to €98,102
- Reserves -€40,318
down €40,318 (-38.3%), from €105,178 to €64,860
of which Distributable reserves: -€40,318
- Debts after one year -€23,635
down €23,635 (-18.4%), from €128,405 to €104,770
- Profit (loss) carried forward -€15,959
new in 2025: -€15,959
- Gross operating margin -€146,660
down €146,660 (-58.0%), from €252,666 to €106,006
- Staff costs -€78,580
down €78,580 (-44.7%), from €175,921 to €97,341
- Financial charges +€9,887
up €9,887 (+102.2%), from €9,679 to €19,566
- Taxes -€7,671
down €7,671 (-98.1%), from €7,818 to €147
- Other operating charges +€2,701
up €2,701 (+240.0%), from €1,125 to €3,826
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 | €481,141 | €384,714 | -€96,427 | -20.0% |
| Fixed assets | 21/28 | €325,263 | €290,238 | -€35,025 | -10.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €324,485 | €289,460 | -€35,025 | -10.8% |
| Plant, machinery and equipment | 23 | €88,456 | €74,648 | -€13,808 | -15.6% |
| Furniture and vehicles | 24 | €14,636 | €12,492 | -€2,143 | -14.6% |
| Other tangible fixed assets | 26 | €221,394 | €202,320 | -€19,074 | -8.6% |
| Financial fixed assets | 28 | €778 | €778 | = | 0.0% |
| Current assets | 29/58 | €155,878 | €94,476 | -€61,401 | -39.4% |
| Stocks and contracts in progress | 3 | €58,624 | €70,253 | +€11,629 | +19.8% |
| Stocks | 30/36 | €58,624 | €70,253 | +€11,629 | +19.8% |
| Amounts receivable within one year | 40/41 | €19,182 | €4,234 | -€14,948 | -77.9% |
| Trade receivables | 40 | €19,182 | €2,625 | -€16,556 | -86.3% |
| Other amounts receivable | 41 | - | €1,609 | +€1,609 | |
| Cash at bank and in hand | 54/58 | €74,562 | €19,131 | -€55,431 | -74.3% |
| Deferred charges and accrued income | 490/1 | €3,510 | €858 | -€2,652 | -75.6% |
| Total equity and liabilities | 10/49 | €481,141 | €384,714 | -€96,427 | -20.0% |
| Equity | 10/15 | €123,778 | €67,501 | -€56,277 | -45.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,178 | €64,860 | -€40,318 | -38.3% |
| Non-distributable reserves | 130/1 | €64,860 | €64,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €64,860 | €64,860 | = | 0.0% |
| Distributable reserves | 133 | €40,318 | €0 | -€40,318 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€15,959 | -€15,959 | |
| Amounts payable | 17/49 | €357,363 | €317,213 | -€40,149 | -11.2% |
| Amounts payable after more than one year | 17 | €128,405 | €104,770 | -€23,635 | -18.4% |
| Financial debts | 170/4 | €128,405 | €104,770 | -€23,635 | -18.4% |
| Amounts payable within one year | 42/48 | €228,958 | €212,443 | -€16,515 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €48,629 | €98,102 | +€49,473 | +101.7% |
| Financial debts | 43 | €77,899 | €0 | -€77,899 | -100.0% |
| Credit institutions | 430/8 | €77,899 | €0 | -€77,899 | -100.0% |
| Trade debts | 44 | €49,983 | €45,251 | -€4,732 | -9.5% |
| Suppliers | 440/4 | €49,983 | €45,251 | -€4,732 | -9.5% |
| Taxes, remuneration and social security | 45 | €32,402 | €36,705 | +€4,303 | +13.3% |
| Taxes | 450/3 | €14,992 | €15,369 | +€377 | +2.5% |
| Remuneration and social security | 454/9 | €17,410 | €21,336 | +€3,926 | +22.5% |
| Other amounts payable | 47/48 | €20,044 | €32,385 | +€12,341 | +61.6% |
| Remuneration, social security and pensions | 62 | €175,921 | €97,341 | -€78,580 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,861 | €41,428 | -€1,433 | -3.3% |
| Other operating charges | 640/8 | €1,125 | €3,826 | +€2,701 | +240.0% |
| Gross operating margin | 9900 | €252,666 | €106,006 | -€146,660 | -58.0% |
| Operating profit (loss) | 9901 | €32,758 | -€36,590 | -€69,348 | |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €9,679 | €19,566 | +€9,887 | +102.2% |
| Recurring financial charges | 65 | €9,679 | €19,566 | +€9,887 | +102.2% |
| Profit (loss) for the period before taxes | 9903 | €23,080 | -€56,130 | -€79,210 | |
| Income taxes | 67/77 | €7,818 | €147 | -€7,671 | -98.1% |
| Profit (loss) for the period | 9904 | €15,262 | -€56,277 | -€71,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,262 | -€56,277 | -€71,539 |
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 3 October 2026 via checked.be.