CHARVALCO: 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.
CHARVALCO
Largest movements
- Tangible fixed assets +€533,412
up €533,412 (+18,578%), from €2,871 to €536,283
of which Land and buildings: +€534,134
- Current investments -€330,000
down €330,000 (-100%), from €330,000 to €0
- Cash +€66,329
up €66,329 (+154%), from €43,091 to €109,420
mainly Current investments (+€330,000) and Other debts (+€261,988)
- Other debts +€261,988
up €261,988 (+2,265%), from €11,568 to €273,556
- Reserves +€15,271
up €15,271 (+4.5%), from €337,316 to €352,587
- Depreciation +€70,666
up €70,666 (+9,789%), from €722 to €71,388
- Taxes -€17,933
down €17,933 (-79.7%), from €22,493 to €4,559
- Financial charges +€9,753
up €9,753 (+606%), from €1,609 to €11,362
- Financial income -€6,193
down €6,193 (-67.4%), from €9,187 to €2,994
- Other operating charges +€1,361
up €1,361 (+265%), from €513 to €1,875
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.
Derived cash bridge
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 | €378,552 | €650,603 | +€272,052 | +71.9% |
| Fixed assets | 21/28 | €2,871 | €536,283 | +€533,412 | +18,578% |
| Tangible fixed assets | 22/27 | €2,871 | €536,283 | +€533,412 | +18,578% |
| Land and buildings | 22 | - | €534,134 | +€534,134 | |
| Furniture and vehicles | 24 | €2,871 | €2,149 | -€722 | -25.1% |
| Current assets | 29/58 | €375,680 | €114,320 | -€261,361 | -69.6% |
| Amounts receivable within one year | 40/41 | €2,100 | €4,900 | +€2,800 | +133% |
| Trade receivables | 40 | €2,100 | €0 | -€2,100 | -100% |
| Other amounts receivable | 41 | - | €4,900 | +€4,900 | |
| Current investments | 50/53 | €330,000 | €0 | -€330,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,091 | €109,420 | +€66,329 | +154% |
| Deferred charges and accrued income | 490/1 | €489 | €0 | -€489 | -100% |
| Total equity and liabilities | 10/49 | €378,552 | €650,603 | +€272,052 | +71.9% |
| Equity | 10/15 | €342,316 | €357,587 | +€15,271 | +4.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €337,316 | €352,587 | +€15,271 | +4.5% |
| Distributable reserves | 133 | €337,316 | €352,587 | +€15,271 | +4.5% |
| Amounts payable | 17/49 | €36,236 | €293,016 | +€256,780 | +709% |
| Amounts payable within one year | 42/48 | €36,089 | €293,016 | +€256,927 | +712% |
| Trade debts | 44 | €6,288 | €2,900 | -€3,388 | -53.9% |
| Suppliers | 440/4 | €6,288 | €2,900 | -€3,388 | -53.9% |
| Taxes, remuneration and social security | 45 | €18,233 | €16,561 | -€1,672 | -9.2% |
| Taxes | 450/3 | €18,233 | €16,561 | -€1,672 | -9.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,568 | €273,556 | +€261,988 | +2,265% |
| Accrued charges and deferred income | 492/3 | €147 | €0 | -€147 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €71,388 | +€70,666 | +9,789% |
| Other operating charges | 640/8 | €513 | €1,875 | +€1,361 | +265% |
| Gross operating margin | 9900 | €101,881 | €101,461 | -€420 | -0.4% |
| Operating profit (loss) | 9901 | €100,645 | €28,198 | -€72,447 | -72.0% |
| Financial income | 75/76B | €9,187 | €2,994 | -€6,193 | -67.4% |
| Recurring financial income | 75 | €9,187 | €2,994 | -€6,193 | -67.4% |
| Financial charges | 65/66B | €1,609 | €11,362 | +€9,753 | +606% |
| Recurring financial charges | 65 | €1,609 | €11,362 | +€9,753 | +606% |
| Profit (loss) for the period before taxes | 9903 | €108,224 | €19,831 | -€88,393 | -81.7% |
| Income taxes | 67/77 | €22,493 | €4,559 | -€17,933 | -79.7% |
| Profit (loss) for the period | 9904 | €85,731 | €15,271 | -€70,460 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,731 | €15,271 | -€70,460 | -82.2% |
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 26 October 2026 via checked.be.