CHaRMeDD: 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.
CHaRMeDD
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-94.5%), from €1.8m to €97,216
- Receivables within one year +€278,862
up €278,862 (+493%), from €56,554 to €335,416
of which Trade receivables: +€294,298
- Cash +€76,343
up €76,343 (+22.5%), from €338,995 to €415,339
mainly Stocks and contracts (+€1.7m) and Advances received (+€316,150)
- Other debts -€1.5m
down €1.5m (-100.0%), from €1.5m to €240
- Advances received +€316,150
new in 2025: €316,150
- Trade debts -€160,110
down €160,110 (-91.3%), from €175,278 to €15,168
- Reserves +€92,255
up €92,255 (+36.8%), from €250,978 to €343,233
- Accrued charges and deferred income -€75,000
no longer reported in 2025 (was €75,000)
- Gross operating margin +€77,002
up €77,002 (+118%), from €65,279 to €142,281
- Taxes +€43,326
up €43,326 (+118,442%), from €37 to €43,363
- Financial charges -€7,485
down €7,485 (-68.0%), from €11,003 to €3,518
- Financial income -€5,221
no longer reported in 2025 (was €5,221)
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.
Derived cash bridge
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 | €2,157,021 | €847,971 | -€1.3m | -60.7% |
| Current assets | 29/58 | €2,157,021 | €847,971 | -€1.3m | -60.7% |
| Stocks and contracts in progress | 3 | €1,761,471 | €97,216 | -€1.7m | -94.5% |
| Stocks | 30/36 | €1,761,471 | €97,216 | -€1.7m | -94.5% |
| Amounts receivable within one year | 40/41 | €56,554 | €335,416 | +€278,862 | +493% |
| Trade receivables | 40 | €32,979 | €327,277 | +€294,298 | +892% |
| Other amounts receivable | 41 | €23,575 | €8,139 | -€15,436 | -65.5% |
| Cash at bank and in hand | 54/58 | €338,995 | €415,339 | +€76,343 | +22.5% |
| Total equity and liabilities | 10/49 | €2,157,021 | €847,971 | -€1.3m | -60.7% |
| Equity | 10/15 | €400,253 | €493,235 | +€92,982 | +23.2% |
| Contributions | 10/11 | €150,002 | €150,002 | = | 0.0% |
| Reserves | 13 | €250,978 | €343,233 | +€92,255 | +36.8% |
| Distributable reserves | 133 | €250,978 | €343,233 | +€92,255 | +36.8% |
| Profit (loss) carried forward | 14 | -€727 | - | +€727 | |
| Amounts payable | 17/49 | €1,756,768 | €354,736 | -€1.4m | -79.8% |
| Amounts payable within one year | 42/48 | €1,681,768 | €354,736 | -€1.3m | -78.9% |
| Trade debts | 44 | €175,278 | €15,168 | -€160,110 | -91.3% |
| Suppliers | 440/4 | €175,278 | €15,168 | -€160,110 | -91.3% |
| Advances received on contracts in progress | 46 | - | €316,150 | +€316,150 | |
| Taxes, remuneration and social security | 45 | - | €23,179 | +€23,179 | |
| Taxes | 450/3 | - | €23,179 | +€23,179 | |
| Other amounts payable | 47/48 | €1,506,490 | €240 | -€1.5m | -100.0% |
| Accrued charges and deferred income | 492/3 | €75,000 | - | -€75,000 | |
| Other operating charges | 640/8 | €2,881 | €2,418 | -€463 | -16.1% |
| Non-recurring operating charges | 66A | €57,307 | - | -€57,307 | |
| Gross operating margin | 9900 | €65,279 | €142,281 | +€77,002 | +118% |
| Operating profit (loss) | 9901 | €5,091 | €139,863 | +€134,772 | +2,647% |
| Financial income | 75/76B | €5,221 | - | -€5,221 | |
| Recurring financial income | 75 | €5,221 | - | -€5,221 | |
| Financial charges | 65/66B | €11,003 | €3,518 | -€7,485 | -68.0% |
| Recurring financial charges | 65 | €11,003 | €3,518 | -€7,485 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | -€691 | €136,345 | +€137,035 | |
| Income taxes | 67/77 | €37 | €43,363 | +€43,326 | +118,442% |
| Profit (loss) for the period | 9904 | -€727 | €92,982 | +€93,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€727 | €92,982 | +€93,709 |
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 15 October 2026 via checked.be.