CHARTRONS: 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.
CHARTRONS
Largest movements
- Tangible fixed assets -€91,709
down €91,709 (-26.6%), from €344,958 to €253,249
of which Other tangible fixed assets: -€82,178
- Cash +€83,377
up €83,377 (+64.6%), from €129,103 to €212,480
mainly Depreciation (+€104,206) and Tax, wage and social debts (+€54,986)
- Receivables within one year -€19,631
down €19,631 (-7.7%), from €254,367 to €234,736
of which Other amounts receivable: -€30,886
- Stocks and contracts +€13,113
up €13,113 (+29.3%), from €44,698 to €57,811
- Tax, wage and social debts +€54,986
up €54,986 (+62.7%), from €87,644 to €142,630
of which Taxes: +€28,668
- Current portion of long-term debt -€32,372
down €32,372 (-58.5%), from €55,316 to €22,944
- Trade debts -€25,895
down €25,895 (-11.3%), from €228,843 to €202,948
- Debts after one year -€10,303
down €10,303 (-39.7%), from €25,923 to €15,620
- Short-term financial debts -€8,867
down €8,867 (-99.7%), from €8,891 to €24
- Staff costs +€110,674
up €110,674 (+18.2%), from €607,818 to €718,492
- Gross operating margin +€83,901
up €83,901 (+10.9%), from €769,368 to €853,268
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 | €786,392 | €768,973 | -€17,419 | -2.2% |
| Fixed assets | 21/28 | €345,930 | €254,221 | -€91,709 | -26.5% |
| Tangible fixed assets | 22/27 | €344,958 | €253,249 | -€91,709 | -26.6% |
| Plant, machinery and equipment | 23 | €19,237 | €16,156 | -€3,080 | -16.0% |
| Furniture and vehicles | 24 | €23,021 | €16,570 | -€6,451 | -28.0% |
| Other tangible fixed assets | 26 | €302,701 | €220,523 | -€82,178 | -27.1% |
| Financial fixed assets | 28 | €972 | €972 | = | 0.0% |
| Current assets | 29/58 | €440,462 | €514,752 | +€74,290 | +16.9% |
| Stocks and contracts in progress | 3 | €44,698 | €57,811 | +€13,113 | +29.3% |
| Stocks | 30/36 | €44,698 | €57,811 | +€13,113 | +29.3% |
| Amounts receivable within one year | 40/41 | €254,367 | €234,736 | -€19,631 | -7.7% |
| Trade receivables | 40 | €20,233 | €31,487 | +€11,255 | +55.6% |
| Other amounts receivable | 41 | €234,134 | €203,248 | -€30,886 | -13.2% |
| Cash at bank and in hand | 54/58 | €129,103 | €212,480 | +€83,377 | +64.6% |
| Deferred charges and accrued income | 490/1 | €12,294 | €9,725 | -€2,569 | -20.9% |
| Total equity and liabilities | 10/49 | €786,392 | €768,973 | -€17,419 | -2.2% |
| Equity | 10/15 | €377,352 | €382,310 | +€4,959 | +1.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €77,401 | €82,310 | +€4,909 | +6.3% |
| Distributable reserves | 133 | €77,401 | €82,310 | +€4,909 | +6.3% |
| Profit (loss) carried forward | 14 | -€50 | €0 | +€50 | |
| Amounts payable | 17/49 | €409,040 | €386,663 | -€22,377 | -5.5% |
| Amounts payable after more than one year | 17 | €25,923 | €15,620 | -€10,303 | -39.7% |
| Financial debts | 170/4 | €25,923 | €15,620 | -€10,303 | -39.7% |
| Amounts payable within one year | 42/48 | €383,117 | €371,043 | -€12,074 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €55,316 | €22,944 | -€32,372 | -58.5% |
| Financial debts | 43 | €8,891 | €24 | -€8,867 | -99.7% |
| Credit institutions | 430/8 | €8,891 | €24 | -€8,867 | -99.7% |
| Trade debts | 44 | €228,843 | €202,948 | -€25,895 | -11.3% |
| Suppliers | 440/4 | €228,843 | €202,948 | -€25,895 | -11.3% |
| Taxes, remuneration and social security | 45 | €87,644 | €142,630 | +€54,986 | +62.7% |
| Taxes | 450/3 | €3,856 | €32,525 | +€28,668 | +743.4% |
| Remuneration and social security | 454/9 | €83,787 | €110,105 | +€26,318 | +31.4% |
| Other amounts payable | 47/48 | €2,424 | €2,497 | +€73 | +3.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €607,818 | €718,492 | +€110,674 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,109 | €104,206 | +€2,097 | +2.1% |
| Other operating charges | 640/8 | €1,279 | €5,368 | +€4,090 | +319.8% |
| Non-recurring operating charges | 66A | €33,489 | €0 | -€33,489 | -100.0% |
| Gross operating margin | 9900 | €769,368 | €853,268 | +€83,901 | +10.9% |
| Operating profit (loss) | 9901 | €24,673 | €25,202 | +€529 | +2.1% |
| Financial income | 75/76B | €5,616 | €7,795 | +€2,179 | +38.8% |
| Recurring financial income | 75 | €5,616 | €7,795 | +€2,179 | +38.8% |
| Financial charges | 65/66B | €29,950 | €25,815 | -€4,135 | -13.8% |
| Recurring financial charges | 65 | €29,950 | €25,815 | -€4,135 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €340 | €7,182 | +€6,843 | +2015.3% |
| Income taxes | 67/77 | €116 | €2,224 | +€2,107 | +1813.8% |
| Profit (loss) for the period | 9904 | €223 | €4,959 | +€4,735 | +2120.1% |
| Profit (loss) for the period to be appropriated | 9905 | €223 | €4,959 | +€4,735 | +2120.1% |
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.