CHARSER IMMO: 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.
CHARSER IMMO
Largest movements
- Cash +€129,914
up €129,914 (+50.2%), from €258,880 to €388,794
mainly Stocks and contracts (+€111,698) and Other debts (+€51,467)
- Stocks and contracts -€111,698
no longer reported in 2025 (was €111,698)
- Tangible fixed assets -€24,626
down €24,626 (-13.3%), from €185,366 to €160,740
- Other debts +€51,467
up €51,467 (+192.2%), from €26,780 to €78,247
- Reserves -€37,862
down €37,862 (-8.9%), from €423,277 to €385,414
of which Distributable reserves: -€37,862
- Debts after one year -€11,503
down €11,503 (-38.8%), from €29,662 to €18,159
- Gross operating margin -€59,533
down €59,533 (-41.3%), from €144,228 to €84,695
- Taxes -€11,646
down €11,646 (-37.1%), from €31,360 to €19,714
- Depreciation -€2,339
down €2,339 (-10.0%), from €23,282 to €20,942
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 | €572,405 | €566,609 | -€5,795 | -1.0% |
| Fixed assets | 21/28 | €185,366 | €160,740 | -€24,626 | -13.3% |
| Tangible fixed assets | 22/27 | €185,366 | €160,740 | -€24,626 | -13.3% |
| Land and buildings | 22 | €166,816 | €154,946 | -€11,871 | -7.1% |
| Plant, machinery and equipment | 23 | €16,724 | €4,776 | -€11,948 | -71.4% |
| Furniture and vehicles | 24 | €1,825 | €1,018 | -€807 | -44.2% |
| Current assets | 29/58 | €387,039 | €405,869 | +€18,830 | +4.9% |
| Stocks and contracts in progress | 3 | €111,698 | - | -€111,698 | |
| Stocks | 30/36 | €111,698 | - | -€111,698 | |
| Amounts receivable within one year | 40/41 | €16,461 | €17,076 | +€614 | +3.7% |
| Trade receivables | 40 | €11,845 | €10,589 | -€1,256 | -10.6% |
| Other amounts receivable | 41 | €4,616 | €6,487 | +€1,871 | +40.5% |
| Cash at bank and in hand | 54/58 | €258,880 | €388,794 | +€129,914 | +50.2% |
| Total equity and liabilities | 10/49 | €572,405 | €566,609 | -€5,795 | -1.0% |
| Equity | 10/15 | €485,277 | €447,414 | -€37,862 | -7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €423,277 | €385,414 | -€37,862 | -8.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,877 | €6,877 | = | 0.0% |
| Distributable reserves | 133 | €410,200 | €372,338 | -€37,862 | -9.2% |
| Amounts payable | 17/49 | €87,128 | €119,195 | +€32,067 | +36.8% |
| Amounts payable after more than one year | 17 | €29,662 | €18,159 | -€11,503 | -38.8% |
| Financial debts | 170/4 | €29,662 | €18,159 | -€11,503 | -38.8% |
| Amounts payable within one year | 42/48 | €55,052 | €101,036 | +€45,984 | +83.5% |
| Current portion of amounts payable after more than one year | 42 | €11,043 | €11,503 | +€460 | +4.2% |
| Trade debts | 44 | €3,730 | €3,237 | -€494 | -13.2% |
| Suppliers | 440/4 | €3,730 | €3,237 | -€494 | -13.2% |
| Taxes, remuneration and social security | 45 | €13,499 | €8,049 | -€5,450 | -40.4% |
| Taxes | 450/3 | €13,499 | €8,049 | -€5,450 | -40.4% |
| Other amounts payable | 47/48 | €26,780 | €78,247 | +€51,467 | +192.2% |
| Accrued charges and deferred income | 492/3 | €2,414 | - | -€2,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,282 | €20,942 | -€2,339 | -10.0% |
| Other operating charges | 640/8 | €2,216 | €2,573 | +€357 | +16.1% |
| Gross operating margin | 9900 | €144,228 | €84,695 | -€59,533 | -41.3% |
| Operating profit (loss) | 9901 | €118,731 | €61,180 | -€57,551 | -48.5% |
| Financial income | 75/76B | €866 | €696 | -€170 | -19.6% |
| Recurring financial income | 75 | €866 | €696 | -€170 | -19.6% |
| Financial charges | 65/66B | €2,509 | €1,846 | -€664 | -26.4% |
| Recurring financial charges | 65 | €2,509 | €1,846 | -€664 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €117,087 | €60,030 | -€57,058 | -48.7% |
| Income taxes | 67/77 | €31,360 | €19,714 | -€11,646 | -37.1% |
| Profit (loss) for the period | 9904 | €85,728 | €40,316 | -€45,412 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,728 | €40,316 | -€45,412 | -53.0% |
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 30 September 2026 via checked.be.