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
- Current investments -€268,659
down €268,659 (-49.3%), from €544,841 to €276,182
- Cash +€144,682
up €144,682 (+216.1%), from €66,967 to €211,648
mainly Current investments (+€268,659) and Net result for the year (+€43,469)
- Receivables within one year +€60,191
up €60,191 (+19507.8%), from €309 to €60,500
- Tangible fixed assets -€21,694
down €21,694 (-21.9%), from €99,076 to €77,382
of which Furniture and vehicles: -€26,514
- Reserves -€87,332
down €87,332 (-15.1%), from €578,035 to €490,704
of which Distributable reserves: -€87,332
- Tax, wage and social debts +€28,770
up €28,770 (+321.2%), from €8,958 to €37,728
- Other debts -€20,009
down €20,009 (-68.9%), from €29,041 to €9,032
- Debts after one year -€10,865
down €10,865 (-47.0%), from €23,093 to €12,228
- Gross operating margin -€11,265
down €11,265 (-10.2%), from €110,394 to €99,129
- Taxes -€5,513
down €5,513 (-19.6%), from €28,116 to €22,603
- Depreciation +€5,000
up €5,000 (+22.4%), from €22,280 to €27,280
- Financial charges +€4,830
up €4,830 (+255.0%), from €1,894 to €6,724
- Staff costs -€2,990
no longer reported in 2025 (was €2,990)
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 | €716,965 | €626,390 | -€90,576 | -12.6% |
| Fixed assets | 21/28 | €104,850 | €77,382 | -€27,468 | -26.2% |
| Tangible fixed assets | 22/27 | €99,076 | €77,382 | -€21,694 | -21.9% |
| Plant, machinery and equipment | 23 | €1,101 | €5,920 | +€4,820 | +437.9% |
| Furniture and vehicles | 24 | €97,975 | €71,461 | -€26,514 | -27.1% |
| Financial fixed assets | 28 | €5,774 | - | -€5,774 | |
| Current assets | 29/58 | €612,116 | €549,008 | -€63,108 | -10.3% |
| Amounts receivable within one year | 40/41 | €309 | €60,500 | +€60,191 | +19507.8% |
| Trade receivables | 40 | €309 | €60,500 | +€60,191 | +19507.8% |
| Current investments | 50/53 | €544,841 | €276,182 | -€268,659 | -49.3% |
| Cash at bank and in hand | 54/58 | €66,967 | €211,648 | +€144,682 | +216.1% |
| Deferred charges and accrued income | 490/1 | - | €678 | +€678 | |
| Total equity and liabilities | 10/49 | €716,965 | €626,390 | -€90,576 | -12.6% |
| Equity | 10/15 | €639,535 | €552,204 | -€87,332 | -13.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €578,035 | €490,704 | -€87,332 | -15.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €571,885 | €484,554 | -€87,332 | -15.3% |
| Amounts payable | 17/49 | €77,430 | €74,186 | -€3,244 | -4.2% |
| Amounts payable after more than one year | 17 | €23,093 | €12,228 | -€10,865 | -47.0% |
| Financial debts | 170/4 | €23,093 | €12,228 | -€10,865 | -47.0% |
| Amounts payable within one year | 42/48 | €54,338 | €61,958 | +€7,621 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €15,526 | €10,865 | -€4,661 | -30.0% |
| Trade debts | 44 | €812 | €4,333 | +€3,521 | +433.6% |
| Suppliers | 440/4 | €812 | €4,333 | +€3,521 | +433.6% |
| Taxes, remuneration and social security | 45 | €8,958 | €37,728 | +€28,770 | +321.2% |
| Taxes | 450/3 | €8,958 | €37,728 | +€28,770 | +321.2% |
| Other amounts payable | 47/48 | €29,041 | €9,032 | -€20,009 | -68.9% |
| Remuneration, social security and pensions | 62 | €2,990 | - | -€2,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,280 | €27,280 | +€5,000 | +22.4% |
| Other operating charges | 640/8 | €2,015 | €2,086 | +€71 | +3.5% |
| Gross operating margin | 9900 | €110,394 | €99,129 | -€11,265 | -10.2% |
| Operating profit (loss) | 9901 | €83,109 | €69,763 | -€13,346 | -16.1% |
| Financial income | 75/76B | €6,003 | €3,033 | -€2,970 | -49.5% |
| Recurring financial income | 75 | €6,003 | €3,033 | -€2,970 | -49.5% |
| Financial charges | 65/66B | €1,894 | €6,724 | +€4,830 | +255.0% |
| Recurring financial charges | 65 | €1,894 | €6,724 | +€4,830 | +255.0% |
| Profit (loss) for the period before taxes | 9903 | €87,218 | €66,072 | -€21,146 | -24.2% |
| Income taxes | 67/77 | €28,116 | €22,603 | -€5,513 | -19.6% |
| Profit (loss) for the period | 9904 | €59,102 | €43,469 | -€15,633 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,102 | €43,469 | -€15,633 | -26.5% |
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.