Charmax: 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.
Charmax
Largest movements
- Receivables within one year +€166,674
up €166,674 (+254.8%), from €65,406 to €232,081
of which Other amounts receivable: +€200,417
- Tangible fixed assets +€109,585
up €109,585 (+1135.2%), from €9,653 to €119,238
of which Furniture and vehicles: +€111,723
- Reserves +€141,281
up €141,281 (+712.0%), from €19,843 to €161,124
of which Tax-exempt reserves: +€141,281
- Debts after one year +€98,242
new in 2025: €98,242
- Other debts -€48,841
down €48,841 (-100.0%), from €48,841 to €0
- Provisions +€47,094
new in 2025: €47,094
- Contributions +€20,000
up €20,000 (+400.0%), from €5,000 to €25,000
- Gross operating margin +€18,073
up €18,073 (+144.3%), from €12,526 to €30,599
- Depreciation +€6,549
up €6,549 (+251.8%), from €2,601 to €9,150
- Taxes -€2,322
down €2,322, from €2,000 to -€322
- Financial charges +€547
up €547 (+56.5%), from €970 to €1,517
- Financial income +€457
up €457 (+246.3%), from €185 to €642
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 | €111,118 | €385,451 | +€274,332 | +246.9% |
| Fixed assets | 21/28 | €18,666 | €126,443 | +€107,777 | +577.4% |
| Intangible fixed assets | 21 | €9,013 | €7,206 | -€1,808 | -20.1% |
| Tangible fixed assets | 22/27 | €9,653 | €119,238 | +€109,585 | +1135.2% |
| Plant, machinery and equipment | 23 | €5,564 | €3,425 | -€2,139 | -38.4% |
| Furniture and vehicles | 24 | €4,089 | €115,813 | +€111,723 | +2732.2% |
| Current assets | 29/58 | €92,452 | €259,007 | +€166,555 | +180.2% |
| Amounts receivable within one year | 40/41 | €65,406 | €232,081 | +€166,674 | +254.8% |
| Trade receivables | 40 | €45,750 | €12,007 | -€33,743 | -73.8% |
| Other amounts receivable | 41 | €19,656 | €220,074 | +€200,417 | +1019.6% |
| Cash at bank and in hand | 54/58 | €25,823 | €25,670 | -€153 | -0.6% |
| Deferred charges and accrued income | 490/1 | €1,223 | €1,257 | +€34 | +2.8% |
| Total equity and liabilities | 10/49 | €111,118 | €385,451 | +€274,332 | +246.9% |
| Equity | 10/15 | €24,843 | €181,851 | +€157,008 | +632.0% |
| Contributions | 10/11 | €5,000 | €25,000 | +€20,000 | +400.0% |
| Reserves | 13 | €19,843 | €161,124 | +€141,281 | +712.0% |
| Tax-exempt reserves | 132 | - | €141,281 | +€141,281 | |
| Distributable reserves | 133 | €19,843 | €19,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,274 | -€4,274 | |
| Provisions and deferred taxes | 16 | - | €47,094 | +€47,094 | |
| Deferred taxes | 168 | - | €47,094 | +€47,094 | |
| Amounts payable | 17/49 | €86,275 | €156,506 | +€70,231 | +81.4% |
| Amounts payable after more than one year | 17 | - | €98,242 | +€98,242 | |
| Financial debts | 170/4 | - | €98,242 | +€98,242 | |
| Amounts payable within one year | 42/48 | €86,275 | €58,264 | -€28,011 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,007 | +€15,007 | |
| Trade debts | 44 | €35,434 | €30,146 | -€5,289 | -14.9% |
| Suppliers | 440/4 | €35,434 | €30,146 | -€5,289 | -14.9% |
| Advances received on contracts in progress | 46 | - | €11,500 | +€11,500 | |
| Taxes, remuneration and social security | 45 | €2,000 | €1,611 | -€389 | -19.5% |
| Taxes | 450/3 | €2,000 | €1,611 | -€389 | -19.5% |
| Other amounts payable | 47/48 | €48,841 | €0 | -€48,841 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,601 | €9,150 | +€6,549 | +251.8% |
| Other operating charges | 640/8 | €686 | €794 | +€109 | +15.9% |
| Gross operating margin | 9900 | €12,526 | €30,599 | +€18,073 | +144.3% |
| Operating profit (loss) | 9901 | €9,239 | €20,654 | +€11,414 | +123.5% |
| Financial income | 75/76B | €185 | €642 | +€457 | +246.3% |
| Recurring financial income | 75 | €185 | €642 | +€457 | +246.3% |
| Financial charges | 65/66B | €970 | €1,517 | +€547 | +56.5% |
| Recurring financial charges | 65 | €970 | €1,517 | +€547 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €8,455 | €19,779 | +€11,324 | +133.9% |
| Income taxes | 67/77 | €2,000 | -€322 | -€2,322 | |
| Profit (loss) for the period | 9904 | €6,455 | €20,101 | +€13,646 | +211.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,455 | €20,101 | +€13,646 | +211.4% |
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 4 October 2026 via checked.be.