CHARMALOT: 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.
CHARMALOT
Largest movements
- Tangible fixed assets -€429,982
down €429,982 (-42.1%), from €1.0m to €591,529
of which Land and buildings: -€378,674
- Receivables within one year -€96,532
down €96,532 (-100.0%), from €96,532 to €0
of which Trade receivables: -€58,699
- Cash -€95,826
down €95,826 (-66.8%), from €143,474 to €47,647
mainly Contributions, distributions and other (-€425,940) and Net result for the year (-€64,608)
- Reserves -€481,067
down €481,067 (-55.6%), from €864,889 to €383,822
of which Distributable reserves: -€382,026
- Debts after one year -€48,189
down €48,189 (-22.9%), from €210,591 to €162,401
- Provisions -€30,151
down €30,151 (-100.0%), from €30,151 to €0
- Trade debts -€27,169
down €27,169 (-99.2%), from €27,389 to €220
- Current portion of long-term debt -€23,080
down €23,080 (-42.0%), from €54,901 to €31,821
- Gross operating margin -€365,788
down €365,788 (-96.4%), from €379,518 to €13,730
- Taxes -€35,425
down €35,425 (-98.6%), from €35,938 to €512
- Depreciation -€19,365
down €19,365 (-29.9%), from €64,716 to €45,350
- Staff costs -€13,084
down €13,084 (-46.0%), from €28,449 to €15,364
- Financial charges -€11,491
down €11,491 (-52.5%), from €21,879 to €10,388
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 | €1,268,898 | €642,700 | -€626,197 | -49.3% |
| Fixed assets | 21/28 | €1,021,511 | €591,529 | -€429,982 | -42.1% |
| Tangible fixed assets | 22/27 | €1,021,511 | €591,529 | -€429,982 | -42.1% |
| Land and buildings | 22 | €920,625 | €541,951 | -€378,674 | -41.1% |
| Plant, machinery and equipment | 23 | €33,553 | €1,337 | -€32,217 | -96.0% |
| Furniture and vehicles | 24 | €67,333 | €48,241 | -€19,092 | -28.4% |
| Current assets | 29/58 | €247,386 | €51,171 | -€196,215 | -79.3% |
| Stocks and contracts in progress | 3 | €4,926 | €2,984 | -€1,942 | -39.4% |
| Stocks | 30/36 | €4,926 | €2,984 | -€1,942 | -39.4% |
| Amounts receivable within one year | 40/41 | €96,532 | €0 | -€96,532 | -100.0% |
| Trade receivables | 40 | €58,699 | €0 | -€58,699 | -100.0% |
| Other amounts receivable | 41 | €37,833 | €0 | -€37,833 | -100.0% |
| Cash at bank and in hand | 54/58 | €143,474 | €47,647 | -€95,826 | -66.8% |
| Deferred charges and accrued income | 490/1 | €2,455 | €541 | -€1,914 | -78.0% |
| Total equity and liabilities | 10/49 | €1,268,898 | €642,700 | -€626,197 | -49.3% |
| Equity | 10/15 | €883,889 | €393,341 | -€490,548 | -55.5% |
| Contributions | 10/11 | €19,000 | €9,519 | -€9,481 | -49.9% |
| Reserves | 13 | €864,889 | €383,822 | -€481,067 | -55.6% |
| Tax-exempt reserves | 132 | €99,041 | €0 | -€99,041 | -100.0% |
| Distributable reserves | 133 | €765,848 | €383,822 | -€382,026 | -49.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €30,151 | €0 | -€30,151 | -100.0% |
| Deferred taxes | 168 | €30,151 | €0 | -€30,151 | -100.0% |
| Amounts payable | 17/49 | €354,858 | €249,359 | -€105,499 | -29.7% |
| Amounts payable after more than one year | 17 | €210,591 | €162,401 | -€48,189 | -22.9% |
| Financial debts | 170/4 | €210,591 | €162,401 | -€48,189 | -22.9% |
| Amounts payable within one year | 42/48 | €137,715 | €86,958 | -€50,757 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €54,901 | €31,821 | -€23,080 | -42.0% |
| Financial debts | 43 | €10,000 | €0 | -€10,000 | -100.0% |
| Credit institutions | 430/8 | €10,000 | €0 | -€10,000 | -100.0% |
| Trade debts | 44 | €27,389 | €220 | -€27,169 | -99.2% |
| Suppliers | 440/4 | €27,389 | €220 | -€27,169 | -99.2% |
| Taxes, remuneration and social security | 45 | €8,450 | €4,526 | -€3,924 | -46.4% |
| Taxes | 450/3 | €7,938 | €3,398 | -€4,540 | -57.2% |
| Remuneration and social security | 454/9 | €512 | €1,128 | +€615 | +120.1% |
| Other amounts payable | 47/48 | €36,975 | €50,391 | +€13,416 | +36.3% |
| Accrued charges and deferred income | 492/3 | €6,552 | €0 | -€6,552 | -100.0% |
| Non-recurring operating income | 76A | €8,500 | €0 | -€8,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €28,449 | €15,364 | -€13,084 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,716 | €45,350 | -€19,365 | -29.9% |
| Other operating charges | 640/8 | €16,752 | €6,722 | -€10,030 | -59.9% |
| Non-recurring operating charges | 66A | €146,357 | €0 | -€146,357 | -100.0% |
| Gross operating margin | 9900 | €379,518 | €13,730 | -€365,788 | -96.4% |
| Operating profit (loss) | 9901 | €123,244 | -€53,707 | -€176,951 | |
| Financial income | 75/76B | €8,460 | €0 | -€8,460 | -100.0% |
| Recurring financial income | 75 | €8,460 | €0 | -€8,460 | -100.0% |
| Financial charges | 65/66B | €21,879 | €10,388 | -€11,491 | -52.5% |
| Recurring financial charges | 65 | €21,879 | €10,388 | -€11,491 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €109,825 | -€64,095 | -€173,920 | |
| Transfer from deferred taxes | 780 | €1,867 | €0 | -€1,867 | -100.0% |
| Income taxes | 67/77 | €35,938 | €512 | -€35,425 | -98.6% |
| Profit (loss) for the period | 9904 | €75,754 | -€64,608 | -€140,362 | |
| Transfer from tax-exempt reserves | 789 | €3,623 | €64,727 | +€61,104 | +1686.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,377 | €120 | -€79,257 | -99.8% |
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 9 October 2026 via checked.be.