CHARTER BULK SERVICES: 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.
CHARTER BULK SERVICES
Largest movements
- Receivables within one year +€166,070
up €166,070 (+74.7%), from €222,235 to €388,305
of which Trade receivables: +€230,343
- Cash -€67,217
down €67,217 (-64.4%), from €104,415 to €37,197
mainly Receivables within one year (-€166,070) and Trade debts (-€37,733)
- Accrued charges and deferred income +€170,169
up €170,169 (+238.2%), from €71,445 to €241,614
- Trade debts -€37,733
down €37,733 (-80.5%), from €46,862 to €9,129
- Tax, wage and social debts -€25,712
down €25,712 (-99.3%), from €25,888 to €176
of which Remuneration and social security: -€16,000
- Profit (loss) carried forward -€8,512
down €8,512 (-22.8%), from €37,379 to €28,867
- Gross operating margin -€74,775
down €74,775 (-54.8%), from €136,379 to €61,603
- Staff costs -€52,044
down €52,044 (-42.3%), from €122,930 to €70,885
- Taxes -€4,801
down €4,801 (-94.4%), from €5,084 to €283
- Financial income -€1,814
down €1,814 (-30.6%), from €5,926 to €4,112
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 | €337,224 | €435,436 | +€98,212 | +29.1% |
| Fixed assets | 21/28 | €718 | €1,657 | +€939 | +130.7% |
| Tangible fixed assets | 22/27 | €718 | €1,657 | +€939 | +130.7% |
| Plant, machinery and equipment | 23 | €686 | €1,657 | +€971 | +141.5% |
| Furniture and vehicles | 24 | €32 | - | -€32 | |
| Current assets | 29/58 | €336,506 | €433,779 | +€97,274 | +28.9% |
| Amounts receivable within one year | 40/41 | €222,235 | €388,305 | +€166,070 | +74.7% |
| Trade receivables | 40 | €68,646 | €298,989 | +€230,343 | +335.6% |
| Other amounts receivable | 41 | €153,589 | €89,316 | -€64,274 | -41.8% |
| Cash at bank and in hand | 54/58 | €104,415 | €37,197 | -€67,217 | -64.4% |
| Deferred charges and accrued income | 490/1 | €9,856 | €8,277 | -€1,579 | -16.0% |
| Total equity and liabilities | 10/49 | €337,224 | €435,436 | +€98,212 | +29.1% |
| Equity | 10/15 | €193,029 | €184,517 | -€8,512 | -4.4% |
| Contributions | 10/11 | €141,500 | €141,500 | = | 0.0% |
| Capital | 10 | €141,500 | €141,500 | = | 0.0% |
| Issued capital | 100 | €141,500 | €141,500 | = | 0.0% |
| Reserves | 13 | €14,150 | €14,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,150 | €14,150 | = | 0.0% |
| Legal reserve | 130 | €14,150 | €14,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,379 | €28,867 | -€8,512 | -22.8% |
| Amounts payable | 17/49 | €144,195 | €250,919 | +€106,725 | +74.0% |
| Amounts payable within one year | 42/48 | €72,749 | €9,305 | -€63,444 | -87.2% |
| Trade debts | 44 | €46,862 | €9,129 | -€37,733 | -80.5% |
| Suppliers | 440/4 | €46,862 | €9,129 | -€37,733 | -80.5% |
| Taxes, remuneration and social security | 45 | €25,888 | €176 | -€25,712 | -99.3% |
| Taxes | 450/3 | €9,888 | €176 | -€9,712 | -98.2% |
| Remuneration and social security | 454/9 | €16,000 | - | -€16,000 | |
| Accrued charges and deferred income | 492/3 | €71,445 | €241,614 | +€170,169 | +238.2% |
| Remuneration, social security and pensions | 62 | €122,930 | €70,885 | -€52,044 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,665 | €859 | -€806 | -48.4% |
| Other operating charges | 640/8 | €1,063 | €1,100 | +€36 | +3.4% |
| Gross operating margin | 9900 | €136,379 | €61,603 | -€74,775 | -54.8% |
| Operating profit (loss) | 9901 | €10,721 | -€11,240 | -€21,961 | |
| Financial income | 75/76B | €5,926 | €4,112 | -€1,814 | -30.6% |
| Recurring financial income | 75 | €5,926 | €4,112 | -€1,814 | -30.6% |
| Financial charges | 65/66B | €1,654 | €1,100 | -€554 | -33.5% |
| Recurring financial charges | 65 | €1,654 | €1,100 | -€554 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €14,992 | -€8,229 | -€23,221 | |
| Income taxes | 67/77 | €5,084 | €283 | -€4,801 | -94.4% |
| Profit (loss) for the period | 9904 | €9,908 | -€8,512 | -€18,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,908 | -€8,512 | -€18,420 |
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 9 October 2026 via checked.be.