Charmo: 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.
Charmo
Largest movements
- Receivables within one year +€22,258
up €22,258 (+73.1%), from €30,435 to €52,693
of which Other amounts receivable: +€34,587
- Tangible fixed assets -€7,474
down €7,474 (-13.7%), from €54,497 to €47,023
- Cash +€7,406
up €7,406 (+27.3%), from €27,175 to €34,581
mainly Net result for the year (+€55,312) and Tax, wage and social debts (+€17,523)
- Stocks and contracts +€5,143
up €5,143 (+20.0%), from €25,683 to €30,826
- Deferred charges and accrued income -€4,606
down €4,606 (-49.8%), from €9,255 to €4,648
- Profit (loss) carried forward +€31,220
no longer reported in 2024 (was -€31,220)
- Reserves +€24,092
new in 2024: €24,092
- Trade debts -€22,336
down €22,336 (-23.9%), from €93,448 to €71,113
- Current portion of long-term debt -€17,677
no longer reported in 2024 (was €17,677)
- Tax, wage and social debts +€17,523
up €17,523 (+39.7%), from €44,175 to €61,697
of which Taxes: +€21,417
- Gross operating margin +€28,796
up €28,796 (+14.4%), from €199,838 to €228,634
- Taxes +€13,919
new in 2024: €13,919
- Staff costs -€13,463
down €13,463 (-9.0%), from €149,045 to €135,582
- Depreciation +€3,167
up €3,167 (+22.7%), from €13,961 to €17,128
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,253 | €170,626 | +€22,373 | +15.1% |
| Formation expenses | 20 | €1,067 | €714 | -€353 | -33.1% |
| Fixed assets | 21/28 | €54,637 | €47,163 | -€7,474 | -13.7% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -33.3% |
| Tangible fixed assets | 22/27 | €54,497 | €47,023 | -€7,474 | -13.7% |
| Plant, machinery and equipment | 23 | €33,072 | €30,395 | -€2,677 | -8.1% |
| Furniture and vehicles | 24 | €10,050 | €7,554 | -€2,496 | -24.8% |
| Other tangible fixed assets | 26 | €11,374 | €9,074 | -€2,300 | -20.2% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €92,548 | €122,749 | +€30,201 | +32.6% |
| Stocks and contracts in progress | 3 | €25,683 | €30,826 | +€5,143 | +20.0% |
| Stocks | 30/36 | €25,683 | €30,826 | +€5,143 | +20.0% |
| Amounts receivable within one year | 40/41 | €30,435 | €52,693 | +€22,258 | +73.1% |
| Trade receivables | 40 | €14,287 | €1,959 | -€12,328 | -86.3% |
| Other amounts receivable | 41 | €16,148 | €50,735 | +€34,587 | +214.2% |
| Cash at bank and in hand | 54/58 | €27,175 | €34,581 | +€7,406 | +27.3% |
| Deferred charges and accrued income | 490/1 | €9,255 | €4,648 | -€4,606 | -49.8% |
| Total equity and liabilities | 10/49 | €148,253 | €170,626 | +€22,373 | +15.1% |
| Equity | 10/15 | -€26,220 | €29,092 | +€55,312 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €24,092 | +€24,092 | |
| Distributable reserves | 133 | - | €24,092 | +€24,092 | |
| Profit (loss) carried forward | 14 | -€31,220 | - | +€31,220 | |
| Amounts payable | 17/49 | €174,472 | €141,534 | -€32,939 | -18.9% |
| Amounts payable after more than one year | 17 | €2,705 | - | -€2,705 | |
| Financial debts | 170/4 | €2,705 | - | -€2,705 | |
| Amounts payable within one year | 42/48 | €157,633 | €133,559 | -€24,075 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €17,677 | - | -€17,677 | |
| Trade debts | 44 | €93,448 | €71,113 | -€22,336 | -23.9% |
| Suppliers | 440/4 | €93,448 | €71,113 | -€22,336 | -23.9% |
| Advances received on contracts in progress | 46 | €2,333 | - | -€2,333 | |
| Taxes, remuneration and social security | 45 | €44,175 | €61,697 | +€17,523 | +39.7% |
| Taxes | 450/3 | €25,871 | €47,288 | +€21,417 | +82.8% |
| Remuneration and social security | 454/9 | €18,304 | €14,409 | -€3,895 | -21.3% |
| Other amounts payable | 47/48 | - | €749 | +€749 | |
| Accrued charges and deferred income | 492/3 | €14,134 | €7,975 | -€6,159 | -43.6% |
| Remuneration, social security and pensions | 62 | €149,045 | €135,582 | -€13,463 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,961 | €17,128 | +€3,167 | +22.7% |
| Other operating charges | 640/8 | €4,422 | €4,036 | -€386 | -8.7% |
| Gross operating margin | 9900 | €199,838 | €228,634 | +€28,796 | +14.4% |
| Operating profit (loss) | 9901 | €32,410 | €71,887 | +€39,478 | +121.8% |
| Financial charges | 65/66B | €4,038 | €2,657 | -€1,382 | -34.2% |
| Recurring financial charges | 65 | €4,038 | €2,657 | -€1,382 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €28,371 | €69,231 | +€40,859 | +144.0% |
| Income taxes | 67/77 | - | €13,919 | +€13,919 | |
| Profit (loss) for the period | 9904 | €28,371 | €55,312 | +€26,940 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,371 | €55,312 | +€26,940 | +95.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.