CHARNOT: 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.
CHARNOT
Largest movements
- Cash +€28,157
up €28,157 (+132.1%), from €21,311 to €49,467
mainly Net result for the year (+€28,449) and Depreciation (+€4,389)
- Tangible fixed assets -€2,106
down €2,106 (-17.3%), from €12,158 to €10,052
- Reserves +€28,449
up €28,449 (+214.4%), from €13,268 to €41,718
- Tax, wage and social debts -€3,241
down €3,241 (-36.0%), from €9,009 to €5,767
of which Taxes: -€2,426
- Accrued charges and deferred income +€856
new in 2025: €856
- Gross operating margin +€24,281
up €24,281 (+131.3%), from €18,497 to €42,778
- Taxes +€4,717
up €4,717 (+127.5%), from €3,700 to €8,417
- Depreciation +€2,965
up €2,965 (+208.2%), from €1,424 to €4,389
- Financial charges +€889
up €889 (+11849.7%), from €8 to €896
- Other operating charges +€534
up €534 (+547.5%), from €97 to €631
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 | €34,897 | €61,506 | +€26,609 | +76.3% |
| Fixed assets | 21/28 | €12,158 | €10,052 | -€2,106 | -17.3% |
| Tangible fixed assets | 22/27 | €12,158 | €10,052 | -€2,106 | -17.3% |
| Furniture and vehicles | 24 | €12,158 | €10,052 | -€2,106 | -17.3% |
| Current assets | 29/58 | €22,739 | €51,454 | +€28,716 | +126.3% |
| Amounts receivable within one year | 40/41 | - | €610 | +€610 | |
| Other amounts receivable | 41 | - | €610 | +€610 | |
| Cash at bank and in hand | 54/58 | €21,311 | €49,467 | +€28,157 | +132.1% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,377 | -€51 | -3.6% |
| Total equity and liabilities | 10/49 | €34,897 | €61,506 | +€26,609 | +76.3% |
| Equity | 10/15 | €13,868 | €42,318 | +€28,449 | +205.1% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €13,268 | €41,718 | +€28,449 | +214.4% |
| Distributable reserves | 133 | €13,268 | €41,718 | +€28,449 | +214.4% |
| Amounts payable | 17/49 | €21,029 | €19,189 | -€1,840 | -8.7% |
| Amounts payable within one year | 42/48 | €21,029 | €18,333 | -€2,696 | -12.8% |
| Trade debts | 44 | - | €410 | +€410 | |
| Suppliers | 440/4 | - | €410 | +€410 | |
| Taxes, remuneration and social security | 45 | €9,009 | €5,767 | -€3,241 | -36.0% |
| Taxes | 450/3 | €8,177 | €5,751 | -€2,426 | -29.7% |
| Remuneration and social security | 454/9 | €831 | €16 | -€816 | -98.1% |
| Other amounts payable | 47/48 | €12,020 | €12,156 | +€136 | +1.1% |
| Accrued charges and deferred income | 492/3 | - | €856 | +€856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €4,389 | +€2,965 | +208.2% |
| Other operating charges | 640/8 | €97 | €631 | +€534 | +547.5% |
| Gross operating margin | 9900 | €18,497 | €42,778 | +€24,281 | +131.3% |
| Operating profit (loss) | 9901 | €16,976 | €37,758 | +€20,782 | +122.4% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €8 | €896 | +€889 | +11849.7% |
| Recurring financial charges | 65 | €8 | €896 | +€889 | +11849.7% |
| Profit (loss) for the period before taxes | 9903 | €16,968 | €36,867 | +€19,898 | +117.3% |
| Income taxes | 67/77 | €3,700 | €8,417 | +€4,717 | +127.5% |
| Profit (loss) for the period | 9904 | €13,268 | €28,449 | +€15,181 | +114.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,268 | €28,449 | +€15,181 | +114.4% |
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 6 October 2026 via checked.be.