CHARVAL: 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.
CHARVAL
Largest movements
- Tangible fixed assets -€2,929
no longer reported in 2025 (was €2,929)
- Receivables within one year +€958
up €958 (+18.3%), from €5,233 to €6,191
of which Other amounts receivable: +€783
- Short-term financial debts +€15,452
up €15,452 (+138.0%), from €11,198 to €26,650
- Trade debts -€13,257
down €13,257 (-71.8%), from €18,471 to €5,215
- Profit (loss) carried forward -€4,098
down €4,098 (-19.3%), from -€21,205 to -€25,303
- Depreciation -€2,092
down €2,092 (-41.7%), from €5,021 to €2,929
- Financial charges +€1,032
up €1,032 (+81.4%), from €1,268 to €2,300
- Gross operating margin +€791
up €791 (+108.4%), from €730 to €1,521
- Financial income +€159
new in 2025: €159
- Other operating charges -€126
down €126 (-25.4%), from €497 to €370
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,964 | €7,061 | -€1,902 | -21.2% |
| Fixed assets | 21/28 | €3,604 | €675 | -€2,929 | -81.3% |
| Tangible fixed assets | 22/27 | €2,929 | - | -€2,929 | |
| Furniture and vehicles | 24 | €2,929 | - | -€2,929 | |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €5,360 | €6,386 | +€1,026 | +19.1% |
| Amounts receivable within one year | 40/41 | €5,233 | €6,191 | +€958 | +18.3% |
| Trade receivables | 40 | - | €175 | +€175 | |
| Other amounts receivable | 41 | €5,233 | €6,016 | +€783 | +15.0% |
| Deferred charges and accrued income | 490/1 | €127 | €195 | +€68 | +53.6% |
| Total equity and liabilities | 10/49 | €8,964 | €7,061 | -€1,902 | -21.2% |
| Equity | 10/15 | -€20,705 | -€24,803 | -€4,098 | -19.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,205 | -€25,303 | -€4,098 | -19.3% |
| Amounts payable | 17/49 | €29,669 | €31,864 | +€2,195 | +7.4% |
| Amounts payable within one year | 42/48 | €29,669 | €31,864 | +€2,195 | +7.4% |
| Financial debts | 43 | €11,198 | €26,650 | +€15,452 | +138.0% |
| Credit institutions | 430/8 | €11,198 | €26,650 | +€15,452 | +138.0% |
| Trade debts | 44 | €18,471 | €5,215 | -€13,257 | -71.8% |
| Suppliers | 440/4 | €18,471 | €5,215 | -€13,257 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,021 | €2,929 | -€2,092 | -41.7% |
| Other operating charges | 640/8 | €497 | €370 | -€126 | -25.4% |
| Gross operating margin | 9900 | €730 | €1,521 | +€791 | +108.4% |
| Operating profit (loss) | 9901 | -€4,787 | -€1,778 | +€3,010 | +62.9% |
| Financial income | 75/76B | - | €159 | +€159 | |
| Recurring financial income | 75 | - | €159 | +€159 | |
| Financial charges | 65/66B | €1,268 | €2,300 | +€1,032 | +81.4% |
| Recurring financial charges | 65 | €1,268 | €2,300 | +€1,032 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,055 | -€3,919 | +€2,137 | +35.3% |
| Income taxes | 67/77 | €173 | €179 | +€7 | +4.0% |
| Profit (loss) for the period | 9904 | -€6,228 | -€4,098 | +€2,130 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,228 | -€4,098 | +€2,130 | +34.2% |
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.