CHARM: 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.
CHARM
Largest movements
- Receivables within one year +€51,426
up €51,426 (+60.8%), from €84,619 to €136,045
of which Other amounts receivable: +€76,815
- Cash -€12,823
down €12,823 (-47.1%), from €27,225 to €14,402
mainly Receivables within one year (-€51,426) and Trade debts (-€7,703)
- Reserves +€39,091
up €39,091 (+58.7%), from €66,556 to €105,647
of which Distributable reserves: +€39,091
- Trade debts -€7,703
down €7,703 (-65.5%), from €11,751 to €4,049
- Tax, wage and social debts +€7,158
up €7,158 (+42.5%), from €16,849 to €24,007
- Gross operating margin -€29,821
down €29,821 (-35.7%), from €83,485 to €53,663
- Taxes -€4,279
down €4,279 (-22.9%), from €18,697 to €14,418
- Financial income +€1,798
up €1,798 (+96.9%), from €1,856 to €3,654
- Other operating charges +€964
up €964 (+49.7%), from €1,940 to €2,904
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 | €113,757 | €152,303 | +€38,546 | +33.9% |
| Fixed assets | 21/28 | €1,912 | €1,855 | -€57 | -3.0% |
| Tangible fixed assets | 22/27 | €1,816 | €1,759 | -€57 | -3.1% |
| Furniture and vehicles | 24 | €1,816 | €1,759 | -€57 | -3.1% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €111,844 | €150,448 | +€38,603 | +34.5% |
| Amounts receivable within one year | 40/41 | €84,619 | €136,045 | +€51,426 | +60.8% |
| Trade receivables | 40 | €52,066 | €26,677 | -€25,389 | -48.8% |
| Other amounts receivable | 41 | €32,553 | €109,368 | +€76,815 | +236.0% |
| Cash at bank and in hand | 54/58 | €27,225 | €14,402 | -€12,823 | -47.1% |
| Total equity and liabilities | 10/49 | €113,757 | €152,303 | +€38,546 | +33.9% |
| Equity | 10/15 | €85,156 | €124,247 | +€39,091 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,556 | €105,647 | +€39,091 | +58.7% |
| 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 | €64,696 | €103,787 | +€39,091 | +60.4% |
| Amounts payable | 17/49 | €28,600 | €28,056 | -€545 | -1.9% |
| Amounts payable within one year | 42/48 | €28,600 | €28,056 | -€545 | -1.9% |
| Trade debts | 44 | €11,751 | €4,049 | -€7,703 | -65.5% |
| Suppliers | 440/4 | €11,751 | €4,049 | -€7,703 | -65.5% |
| Taxes, remuneration and social security | 45 | €16,849 | €24,007 | +€7,158 | +42.5% |
| Taxes | 450/3 | €16,849 | €24,007 | +€7,158 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498 | €523 | +€25 | +5.0% |
| Other operating charges | 640/8 | €1,940 | €2,904 | +€964 | +49.7% |
| Gross operating margin | 9900 | €83,485 | €53,663 | -€29,821 | -35.7% |
| Operating profit (loss) | 9901 | €81,047 | €50,236 | -€30,810 | -38.0% |
| Financial income | 75/76B | €1,856 | €3,654 | +€1,798 | +96.9% |
| Recurring financial income | 75 | €1,856 | €3,654 | +€1,798 | +96.9% |
| Financial charges | 65/66B | €896 | €381 | -€515 | -57.5% |
| Recurring financial charges | 65 | €896 | €381 | -€515 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €82,007 | €53,509 | -€28,498 | -34.8% |
| Income taxes | 67/77 | €18,697 | €14,418 | -€4,279 | -22.9% |
| Profit (loss) for the period | 9904 | €63,309 | €39,091 | -€24,219 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,309 | €39,091 | -€24,219 | -38.3% |
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 2 October 2026 via checked.be.