CHARPOL: 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.
CHARPOL
Largest movements
- Tangible fixed assets +€94,779
up €94,779 (+815.8%), from €11,618 to €106,397
of which Leasing and similar rights: +€94,350
- Receivables within one year -€29,118
down €29,118 (-25.6%), from €113,823 to €84,704
of which Other amounts receivable: -€28,084
- Cash -€26,986
down €26,986 (-78.3%), from €34,472 to €7,486
mainly Investment in fixed assets (net) (-€103,488) and Other debts (-€35,006)
- Stocks and contracts -€7,500
down €7,500 (-83.3%), from €9,000 to €1,500
- Debts after one year +€68,993
new in 2025: €68,993
- Other debts -€35,006
no longer reported in 2025 (was €35,006)
- Profit (loss) carried forward -€16,287
down €16,287, from €13,173 to -€3,114
- Current portion of long-term debt +€15,805
new in 2025: €15,805
- Trade debts -€5,415
down €5,415 (-55.9%), from €9,681 to €4,266
- Gross operating margin -€21,125
down €21,125 (-36.2%), from €58,290 to €37,166
- Financial income +€7,205
up €7,205 (+324.3%), from €2,221 to €9,426
of which Non-recurring financial income: +€8,307
- Depreciation +€4,838
up €4,838 (+125.0%), from €3,871 to €8,709
- Staff costs +€4,374
up €4,374 (+9.6%), from €45,452 to €49,826
- Taxes -€2,424
no longer reported in 2025 (was €2,424)
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 | €173,491 | €206,283 | +€32,792 | +18.9% |
| Fixed assets | 21/28 | €11,618 | €106,397 | +€94,779 | +815.8% |
| Tangible fixed assets | 22/27 | €11,618 | €106,397 | +€94,779 | +815.8% |
| Plant, machinery and equipment | 23 | €9,571 | €8,528 | -€1,044 | -10.9% |
| Furniture and vehicles | 24 | €1,811 | €3,519 | +€1,708 | +94.4% |
| Leasing and similar rights | 25 | - | €94,350 | +€94,350 | |
| Other tangible fixed assets | 26 | €236 | - | -€236 | |
| Current assets | 29/58 | €161,873 | €99,886 | -€61,987 | -38.3% |
| Stocks and contracts in progress | 3 | €9,000 | €1,500 | -€7,500 | -83.3% |
| Stocks | 30/36 | €9,000 | €1,500 | -€7,500 | -83.3% |
| Amounts receivable within one year | 40/41 | €113,823 | €84,704 | -€29,118 | -25.6% |
| Trade receivables | 40 | €64,740 | €63,706 | -€1,034 | -1.6% |
| Other amounts receivable | 41 | €49,082 | €20,999 | -€28,084 | -57.2% |
| Cash at bank and in hand | 54/58 | €34,472 | €7,486 | -€26,986 | -78.3% |
| Deferred charges and accrued income | 490/1 | €4,578 | €6,196 | +€1,617 | +35.3% |
| Total equity and liabilities | 10/49 | €173,491 | €206,283 | +€32,792 | +18.9% |
| Equity | 10/15 | €122,719 | €106,432 | -€16,287 | -13.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €34,546 | €34,546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €27,046 | €27,046 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,173 | -€3,114 | -€16,287 | |
| Amounts payable | 17/49 | €50,772 | €99,850 | +€49,079 | +96.7% |
| Amounts payable after more than one year | 17 | - | €68,993 | +€68,993 | |
| Financial debts | 170/4 | - | €68,993 | +€68,993 | |
| Amounts payable within one year | 42/48 | €50,762 | €30,858 | -€19,904 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,805 | +€15,805 | |
| Trade debts | 44 | €9,681 | €4,266 | -€5,415 | -55.9% |
| Suppliers | 440/4 | €9,681 | €4,266 | -€5,415 | -55.9% |
| Taxes, remuneration and social security | 45 | €6,075 | €10,786 | +€4,711 | +77.5% |
| Taxes | 450/3 | €161 | €1,376 | +€1,215 | +753.0% |
| Remuneration and social security | 454/9 | €5,914 | €9,410 | +€3,496 | +59.1% |
| Other amounts payable | 47/48 | €35,006 | - | -€35,006 | |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €45,452 | €49,826 | +€4,374 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,871 | €8,709 | +€4,838 | +125.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €552 | +€552 | |
| Other operating charges | 640/8 | €503 | €400 | -€104 | -20.6% |
| Non-recurring operating charges | 66A | €549 | - | -€549 | |
| Gross operating margin | 9900 | €58,290 | €37,166 | -€21,125 | -36.2% |
| Operating profit (loss) | 9901 | €7,914 | -€22,322 | -€30,236 | |
| Financial income | 75/76B | €2,221 | €9,426 | +€7,205 | +324.3% |
| Recurring financial income | 75 | €2,221 | €1,119 | -€1,102 | -49.6% |
| Non-recurring financial income | 76B | - | €8,307 | +€8,307 | |
| Financial charges | 65/66B | €3,281 | €3,390 | +€109 | +3.3% |
| Recurring financial charges | 65 | €3,281 | €3,390 | +€109 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €6,854 | -€16,287 | -€23,140 | |
| Income taxes | 67/77 | €2,424 | - | -€2,424 | |
| Profit (loss) for the period | 9904 | €4,430 | -€16,287 | -€20,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,430 | -€16,287 | -€20,716 |
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.