CHARON: 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.
CHARON
Largest movements
- Cash +€107,538
up €107,538 (+296.6%), from €36,253 to €143,790
mainly Other debts (+€78,556) and Net result for the year (+€33,308)
- Tangible fixed assets +€4,800
up €4,800 (+18.4%), from €26,101 to €30,901
of which Other tangible fixed assets: +€5,342
- Receivables within one year -€3,813
down €3,813 (-7.1%), from €53,824 to €50,011
- Other debts +€78,556
up €78,556 (+375.1%), from €20,944 to €99,500
- Reserves +€32,500
up €32,500 (+77.0%), from €42,195 to €74,695
of which Distributable reserves: +€32,500
- Tax, wage and social debts +€13,231
new in 2025: €13,231
of which Taxes: +€12,581
- Short-term financial debts -€10,523
no longer reported in 2025 (was €10,523)
- Trade debts -€5,500
down €5,500 (-55.5%), from €9,909 to €4,409
- Staff costs -€80,151
no longer reported in 2025 (was €80,151)
- Gross operating margin -€43,371
down €43,371 (-40.6%), from €106,696 to €63,325
- Taxes +€13,154
up €13,154 (+297.1%), from €4,427 to €17,581
- Other operating charges +€1,140
up €1,140 (+74.2%), from €1,536 to €2,676
- Depreciation -€1,083
down €1,083 (-10.9%), from €9,892 to €8,809
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 | €166,465 | €275,538 | +€109,073 | +65.5% |
| Fixed assets | 21/28 | €26,101 | €30,901 | +€4,800 | +18.4% |
| Tangible fixed assets | 22/27 | €26,101 | €30,901 | +€4,800 | +18.4% |
| Land and buildings | 22 | €3,995 | €3,467 | -€529 | -13.2% |
| Plant, machinery and equipment | 23 | €8,094 | €8,080 | -€14 | -0.2% |
| Other tangible fixed assets | 26 | €14,011 | €19,354 | +€5,342 | +38.1% |
| Current assets | 29/58 | €140,364 | €244,637 | +€104,273 | +74.3% |
| Amounts receivable within one year | 40/41 | €53,824 | €50,011 | -€3,813 | -7.1% |
| Other amounts receivable | 41 | €53,824 | €50,011 | -€3,813 | -7.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,253 | €143,790 | +€107,538 | +296.6% |
| Deferred charges and accrued income | 490/1 | €287 | €836 | +€548 | +190.9% |
| Total equity and liabilities | 10/49 | €166,465 | €275,538 | +€109,073 | +65.5% |
| Equity | 10/15 | €125,090 | €158,397 | +€33,308 | +26.6% |
| Contributions | 10/11 | €14,383 | €14,383 | = | 0.0% |
| Capital | 10 | €14,383 | €14,383 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €4,209 | €4,209 | = | 0.0% |
| Reserves | 13 | €42,195 | €74,695 | +€32,500 | +77.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,335 | €72,835 | +€32,500 | +80.6% |
| Profit (loss) carried forward | 14 | €68,511 | €69,319 | +€808 | +1.2% |
| Amounts payable | 17/49 | €41,376 | €117,140 | +€75,765 | +183.1% |
| Amounts payable within one year | 42/48 | €41,376 | €117,140 | +€75,765 | +183.1% |
| Financial debts | 43 | €10,523 | - | -€10,523 | |
| Credit institutions | 430/8 | €10,523 | - | -€10,523 | |
| Trade debts | 44 | €9,909 | €4,409 | -€5,500 | -55.5% |
| Suppliers | 440/4 | €9,909 | €4,409 | -€5,500 | -55.5% |
| Taxes, remuneration and social security | 45 | - | €13,231 | +€13,231 | |
| Taxes | 450/3 | - | €12,581 | +€12,581 | |
| Remuneration and social security | 454/9 | - | €650 | +€650 | |
| Other amounts payable | 47/48 | €20,944 | €99,500 | +€78,556 | +375.1% |
| Remuneration, social security and pensions | 62 | €80,151 | - | -€80,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,892 | €8,809 | -€1,083 | -10.9% |
| Other operating charges | 640/8 | €1,536 | €2,676 | +€1,140 | +74.2% |
| Gross operating margin | 9900 | €106,696 | €63,325 | -€43,371 | -40.6% |
| Operating profit (loss) | 9901 | €15,117 | €51,840 | +€36,723 | +242.9% |
| Financial charges | 65/66B | €1,471 | €951 | -€520 | -35.4% |
| Recurring financial charges | 65 | €1,471 | €951 | -€520 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €13,646 | €50,889 | +€37,243 | +272.9% |
| Income taxes | 67/77 | €4,427 | €17,581 | +€13,154 | +297.1% |
| Profit (loss) for the period | 9904 | €9,219 | €33,308 | +€24,089 | +261.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,219 | €33,308 | +€24,089 | +261.3% |
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 2 October 2026 via checked.be.