CHARMANS: 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.
CHARMANS
Largest movements
- Receivables within one year +€23,785
up €23,785 (+33.2%), from €71,652 to €95,436
- Cash -€8,105
down €8,105 (-18.6%), from €43,520 to €35,416
mainly Debts after one year (-€28,353) and Receivables within one year (-€23,785)
- Tangible fixed assets +€4,447
up €4,447 (+5.6%), from €80,045 to €84,492
of which Furniture and vehicles: +€3,928
- Debts after one year -€28,353
down €28,353 (-29.9%), from €94,812 to €66,460
- Other debts +€26,620
up €26,620 (+30.7%), from €86,779 to €113,399
- Profit (loss) carried forward +€22,099
up €22,099 (+44.3%), from €49,835 to €71,934
- Tax, wage and social debts +€5,033
up €5,033 (+30.8%), from €16,340 to €21,374
of which Remuneration and social security: +€7,458
- Advances received -€4,616
no longer reported in 2025 (was €4,616)
- Staff costs +€15,783
up €15,783 (+11.3%), from €139,581 to €155,364
- Gross operating margin +€8,757
up €8,757 (+4.3%), from €204,991 to €213,748
- Depreciation +€8,566
up €8,566 (+96.5%), from €8,875 to €17,441
- Other operating charges -€5,244
down €5,244 (-87.0%), from €6,028 to €784
- Taxes -€3,759
down €3,759 (-30.7%), from €12,227 to €8,468
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 | €313,927 | €332,599 | +€18,672 | +5.9% |
| Fixed assets | 21/28 | €180,045 | €184,492 | +€4,447 | +2.5% |
| Tangible fixed assets | 22/27 | €80,045 | €84,492 | +€4,447 | +5.6% |
| Plant, machinery and equipment | 23 | €62,247 | €65,204 | +€2,957 | +4.8% |
| Furniture and vehicles | 24 | €483 | €4,410 | +€3,928 | +813.9% |
| Other tangible fixed assets | 26 | €17,316 | €14,877 | -€2,438 | -14.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €133,882 | €148,107 | +€14,225 | +10.6% |
| Stocks and contracts in progress | 3 | €18,710 | €17,255 | -€1,455 | -7.8% |
| Stocks | 30/36 | €18,710 | €17,255 | -€1,455 | -7.8% |
| Amounts receivable within one year | 40/41 | €71,652 | €95,436 | +€23,785 | +33.2% |
| Other amounts receivable | 41 | €71,652 | €95,436 | +€23,785 | +33.2% |
| Cash at bank and in hand | 54/58 | €43,520 | €35,416 | -€8,105 | -18.6% |
| Total equity and liabilities | 10/49 | €313,927 | €332,599 | +€18,672 | +5.9% |
| Equity | 10/15 | €71,835 | €93,934 | +€22,099 | +30.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,835 | €71,934 | +€22,099 | +44.3% |
| Amounts payable | 17/49 | €242,092 | €238,665 | -€3,428 | -1.4% |
| Amounts payable after more than one year | 17 | €94,812 | €66,460 | -€28,353 | -29.9% |
| Financial debts | 170/4 | €94,812 | €66,460 | -€28,353 | -29.9% |
| Amounts payable within one year | 42/48 | €147,280 | €172,205 | +€24,925 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €19,459 | €20,454 | +€996 | +5.1% |
| Financial debts | 43 | €8,344 | €8,353 | +€9 | +0.1% |
| Credit institutions | 430/8 | €8,344 | €8,353 | +€9 | +0.1% |
| Trade debts | 44 | €11,741 | €8,624 | -€3,117 | -26.5% |
| Suppliers | 440/4 | €11,741 | €8,624 | -€3,117 | -26.5% |
| Advances received on contracts in progress | 46 | €4,616 | - | -€4,616 | |
| Taxes, remuneration and social security | 45 | €16,340 | €21,374 | +€5,033 | +30.8% |
| Taxes | 450/3 | €12,214 | €9,790 | -€2,424 | -19.8% |
| Remuneration and social security | 454/9 | €4,126 | €11,583 | +€7,458 | +180.8% |
| Other amounts payable | 47/48 | €86,779 | €113,399 | +€26,620 | +30.7% |
| Remuneration, social security and pensions | 62 | €139,581 | €155,364 | +€15,783 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,875 | €17,441 | +€8,566 | +96.5% |
| Other operating charges | 640/8 | €6,028 | €784 | -€5,244 | -87.0% |
| Gross operating margin | 9900 | €204,991 | €213,748 | +€8,757 | +4.3% |
| Operating profit (loss) | 9901 | €50,507 | €40,158 | -€10,348 | -20.5% |
| Financial income | 75/76B | €2 | €657 | +€655 | +43697.3% |
| Recurring financial income | 75 | €2 | €657 | +€655 | +43697.3% |
| Financial charges | 65/66B | €9,936 | €10,248 | +€312 | +3.1% |
| Recurring financial charges | 65 | €9,936 | €10,248 | +€312 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €40,572 | €30,567 | -€10,005 | -24.7% |
| Income taxes | 67/77 | €12,227 | €8,468 | -€3,759 | -30.7% |
| Profit (loss) for the period | 9904 | €28,345 | €22,099 | -€6,246 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,345 | €22,099 | -€6,246 | -22.0% |
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 7 October 2026 via checked.be.