CHARTA: what changed
Two financial 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.
CHARTA
Largest movements
- Deferred charges and accrued income +€20,667
new in 2025: €20,667
- Tangible fixed assets +€16,425
up €16,425 (+5.6%), from €294,331 to €310,756
- Cash -€6,986
down €6,986 (-10.9%), from €63,906 to €56,920
mainly Investment in fixed assets (net) (-€45,224) and Deferred charges and accrued income (-€20,667)
- Profit (loss) carried forward +€28,523
up €28,523 (+15.8%), from -€180,698 to -€152,174
- Gross operating margin -€41,372
down €41,372 (-26.7%), from €154,833 to €113,461
- Depreciation +€2,305
up €2,305 (+8.7%), from €26,494 to €28,798
- Staff costs +€1,689
up €1,689 (+4.3%), from €39,014 to €40,704
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 | €390,098 | €422,145 | +€32,047 | +8.2% |
| Fixed assets | 21/28 | €294,521 | €310,946 | +€16,425 | +5.6% |
| Tangible fixed assets | 22/27 | €294,331 | €310,756 | +€16,425 | +5.6% |
| Land and buildings | 22 | €294,331 | €310,756 | +€16,425 | +5.6% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €95,577 | €111,199 | +€15,622 | +16.3% |
| Stocks and contracts in progress | 3 | €7,194 | €5,393 | -€1,801 | -25.0% |
| Stocks | 30/36 | €7,194 | €5,393 | -€1,801 | -25.0% |
| Amounts receivable within one year | 40/41 | €24,477 | €28,218 | +€3,741 | +15.3% |
| Trade receivables | 40 | €24,477 | €28,218 | +€3,741 | +15.3% |
| Cash at bank and in hand | 54/58 | €63,906 | €56,920 | -€6,986 | -10.9% |
| Deferred charges and accrued income | 490/1 | - | €20,667 | +€20,667 | |
| Total equity and liabilities | 10/49 | €390,098 | €422,145 | +€32,047 | +8.2% |
| Equity | 10/15 | €47,645 | €74,612 | +€26,967 | +56.6% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,698 | -€152,174 | +€28,523 | +15.8% |
| Investment grants | 15 | €54,343 | €52,786 | -€1,557 | -2.9% |
| Amounts payable | 17/49 | €342,453 | €347,533 | +€5,080 | +1.5% |
| Amounts payable after more than one year | 17 | €294,820 | €294,820 | = | 0.0% |
| Other amounts payable | 178/9 | €294,820 | €294,820 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,632 | €52,713 | +€5,080 | +10.7% |
| Trade debts | 44 | €13,525 | €16,943 | +€3,418 | +25.3% |
| Suppliers | 440/4 | €13,525 | €16,943 | +€3,418 | +25.3% |
| Taxes, remuneration and social security | 45 | €5,323 | €5,078 | -€245 | -4.6% |
| Taxes | 450/3 | €5,323 | €5,078 | -€245 | -4.6% |
| Other amounts payable | 47/48 | €28,784 | €30,691 | +€1,907 | +6.6% |
| Remuneration, social security and pensions | 62 | €39,014 | €40,704 | +€1,689 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,494 | €28,798 | +€2,305 | +8.7% |
| Other operating charges | 640/8 | €16,313 | €16,759 | +€446 | +2.7% |
| Gross operating margin | 9900 | €154,833 | €113,461 | -€41,372 | -26.7% |
| Operating profit (loss) | 9901 | €73,012 | €27,200 | -€45,812 | -62.7% |
| Financial income | 75/76B | €1,557 | €1,557 | = | 0.0% |
| Recurring financial income | 75 | €1,557 | €1,557 | = | 0.0% |
| Financial charges | 65/66B | €375 | €233 | -€143 | -38.0% |
| Recurring financial charges | 65 | €375 | €233 | -€143 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €74,193 | €28,523 | -€45,669 | -61.6% |
| Profit (loss) for the period | 9904 | €74,193 | €28,523 | -€45,669 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,193 | €28,523 | -€45,669 | -61.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.