CHARMATI: 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.
CHARMATI
Largest movements
- Tangible fixed assets -€398,348
down €398,348 (-37.3%), from €1.1m to €670,613
of which Land and buildings: -€403,768
- Financial fixed assets +€130,000
new in 2025: €130,000
- Cash +€51,310
up €51,310 (+68.4%), from €75,039 to €126,349
mainly Investment in fixed assets (net) (+€225,451) and Net result for the year (+€78,366)
- Receivables within one year +€16,971
up €16,971 (+26.3%), from €64,594 to €81,566
of which Other amounts receivable: +€15,789
- Debts after one year -€150,500
no longer reported in 2025 (was €150,500)
- Other debts -€126,574
no longer reported in 2025 (was €126,574)
- Profit (loss) carried forward +€94,807
up €94,807 (+23.5%), from €404,000 to €498,806
- Reserves -€16,441
down €16,441 (-5.2%), from €318,299 to €301,858
of which Tax-exempt reserves: -€16,441
- Gross operating margin +€96,981
up €96,981 (+166.7%), from €58,170 to €155,151
- Taxes +€31,161
new in 2025: €31,161
- Financial charges -€14,185
down €14,185 (-93.6%), from €15,151 to €966
- Depreciation -€13,247
down €13,247 (-23.6%), from €56,143 to €42,897
- Other operating charges -€1,697
down €1,697 (-13.5%), from €12,533 to €10,836
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 | €1,226,750 | €1,020,246 | -€206,504 | -16.8% |
| Fixed assets | 21/28 | €1,068,961 | €800,613 | -€268,348 | -25.1% |
| Tangible fixed assets | 22/27 | €1,068,961 | €670,613 | -€398,348 | -37.3% |
| Land and buildings | 22 | €1,053,593 | €649,825 | -€403,768 | -38.3% |
| Furniture and vehicles | 24 | €3,209 | €728 | -€2,481 | -77.3% |
| Other tangible fixed assets | 26 | €12,158 | €20,059 | +€7,901 | +65.0% |
| Financial fixed assets | 28 | - | €130,000 | +€130,000 | |
| Current assets | 29/58 | €157,789 | €219,634 | +€61,844 | +39.2% |
| Amounts receivable after more than one year | 29 | €18,156 | €11,719 | -€6,437 | -35.5% |
| Other amounts receivable | 291 | €18,156 | €11,719 | -€6,437 | -35.5% |
| Amounts receivable within one year | 40/41 | €64,594 | €81,566 | +€16,971 | +26.3% |
| Trade receivables | 40 | - | €1,182 | +€1,182 | |
| Other amounts receivable | 41 | €64,594 | €80,383 | +€15,789 | +24.4% |
| Cash at bank and in hand | 54/58 | €75,039 | €126,349 | +€51,310 | +68.4% |
| Total equity and liabilities | 10/49 | €1,226,750 | €1,020,246 | -€206,504 | -16.8% |
| Equity | 10/15 | €784,299 | €862,665 | +€78,366 | +10.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €318,299 | €301,858 | -€16,441 | -5.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €312,099 | €295,658 | -€16,441 | -5.3% |
| Profit (loss) carried forward | 14 | €404,000 | €498,806 | +€94,807 | +23.5% |
| Provisions and deferred taxes | 16 | €160,707 | €152,241 | -€8,466 | -5.3% |
| Deferred taxes | 168 | €160,707 | €152,241 | -€8,466 | -5.3% |
| Amounts payable | 17/49 | €281,744 | €5,341 | -€276,403 | -98.1% |
| Amounts payable after more than one year | 17 | €150,500 | - | -€150,500 | |
| Financial debts | 170/4 | €150,500 | - | -€150,500 | |
| Amounts payable within one year | 42/48 | €131,206 | €5,298 | -€125,908 | -96.0% |
| Trade debts | 44 | €420 | €1,087 | +€667 | +158.8% |
| Suppliers | 440/4 | €420 | €1,087 | +€667 | +158.8% |
| Taxes, remuneration and social security | 45 | €4,212 | €4,212 | = | 0.0% |
| Taxes | 450/3 | €4,212 | €4,212 | = | 0.0% |
| Other amounts payable | 47/48 | €126,574 | - | -€126,574 | |
| Accrued charges and deferred income | 492/3 | €38 | €42 | +€4 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,143 | €42,897 | -€13,247 | -23.6% |
| Other operating charges | 640/8 | €12,533 | €10,836 | -€1,697 | -13.5% |
| Gross operating margin | 9900 | €58,170 | €155,151 | +€96,981 | +166.7% |
| Operating profit (loss) | 9901 | -€10,506 | €101,419 | +€111,924 | |
| Financial income | 75/76B | €782 | €608 | -€174 | -22.2% |
| Recurring financial income | 75 | €782 | €608 | -€174 | -22.2% |
| Financial charges | 65/66B | €15,151 | €966 | -€14,185 | -93.6% |
| Recurring financial charges | 65 | €15,151 | €966 | -€14,185 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,875 | €101,061 | +€125,935 | |
| Transfer from deferred taxes | 780 | €8,466 | €8,466 | = | 0.0% |
| Income taxes | 67/77 | - | €31,161 | +€31,161 | |
| Profit (loss) for the period | 9904 | -€16,409 | €78,366 | +€94,774 | |
| Transfer from tax-exempt reserves | 789 | €16,441 | €16,441 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32 | €94,807 | +€94,774 | +293146.5% |
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 28 September 2026 via checked.be.