CHARVINS: 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.
CHARVINS
Largest movements
- Receivables within one year -€22,190
down €22,190 (-38.9%), from €57,045 to €34,856
of which Trade receivables: -€23,190
- Reserves -€16,545
down €16,545 (-66.7%), from €24,801 to €8,255
- Trade debts -€14,985
down €14,985 (-24.8%), from €60,394 to €45,409
- Short-term financial debts +€9,243
new in 2025: €9,243
- Other debts +€6,968
up €6,968 (+13.2%), from €52,856 to €59,824
- Debts after one year -€5,132
down €5,132 (-34.5%), from €14,854 to €9,723
- Gross operating margin -€13,930
down €13,930, from €6,420 to -€7,510
- Financial charges +€1,976
up €1,976 (+52.3%), from €3,778 to €5,754
- Other operating charges +€793
up €793 (+533.0%), from €149 to €942
- Taxes +€637
up €637, from -€452 to €184
- Financial income +€84
new in 2025: €84
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 | €225,690 | €200,297 | -€25,393 | -11.3% |
| Fixed assets | 21/28 | €14,853 | €12,614 | -€2,239 | -15.1% |
| Tangible fixed assets | 22/27 | €14,853 | €12,614 | -€2,239 | -15.1% |
| Plant, machinery and equipment | 23 | €11,474 | €9,774 | -€1,700 | -14.8% |
| Other tangible fixed assets | 26 | €3,380 | €2,840 | -€539 | -16.0% |
| Current assets | 29/58 | €210,837 | €187,682 | -€23,154 | -11.0% |
| Stocks and contracts in progress | 3 | €148,936 | €147,353 | -€1,583 | -1.1% |
| Stocks | 30/36 | €148,936 | €147,353 | -€1,583 | -1.1% |
| Amounts receivable within one year | 40/41 | €57,045 | €34,856 | -€22,190 | -38.9% |
| Trade receivables | 40 | €57,045 | €33,856 | -€23,190 | -40.7% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €4,855 | €4,835 | -€20 | -0.4% |
| Deferred charges and accrued income | 490/1 | - | €638 | +€638 | |
| Total equity and liabilities | 10/49 | €225,690 | €200,297 | -€25,393 | -11.3% |
| Equity | 10/15 | €63,224 | €46,679 | -€16,545 | -26.2% |
| Contributions | 10/11 | €38,424 | €38,424 | = | 0.0% |
| Reserves | 13 | €24,801 | €8,255 | -€16,545 | -66.7% |
| Distributable reserves | 133 | €24,801 | €8,255 | -€16,545 | -66.7% |
| Amounts payable | 17/49 | €162,466 | €153,618 | -€8,848 | -5.4% |
| Amounts payable after more than one year | 17 | €14,854 | €9,723 | -€5,132 | -34.5% |
| Financial debts | 170/4 | €14,854 | €9,723 | -€5,132 | -34.5% |
| Amounts payable within one year | 42/48 | €147,611 | €143,895 | -€3,716 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €5,014 | €5,132 | +€118 | +2.3% |
| Financial debts | 43 | - | €9,243 | +€9,243 | |
| Credit institutions | 430/8 | - | €9,243 | +€9,243 | |
| Trade debts | 44 | €60,394 | €45,409 | -€14,985 | -24.8% |
| Suppliers | 440/4 | €60,394 | €45,409 | -€14,985 | -24.8% |
| Taxes, remuneration and social security | 45 | €29,347 | €24,287 | -€5,059 | -17.2% |
| Taxes | 450/3 | €29,347 | €24,287 | -€5,059 | -17.2% |
| Other amounts payable | 47/48 | €52,856 | €59,824 | +€6,968 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,239 | €2,239 | = | 0.0% |
| Other operating charges | 640/8 | €149 | €942 | +€793 | +533.0% |
| Gross operating margin | 9900 | €6,420 | -€7,510 | -€13,930 | |
| Operating profit (loss) | 9901 | €4,032 | -€10,691 | -€14,723 | |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €3,778 | €5,754 | +€1,976 | +52.3% |
| Recurring financial charges | 65 | €3,778 | €5,754 | +€1,976 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €254 | -€16,361 | -€16,615 | |
| Income taxes | 67/77 | -€452 | €184 | +€637 | |
| Profit (loss) for the period | 9904 | €706 | -€16,545 | -€17,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €706 | -€16,545 | -€17,252 |
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.