CHECKPOINT CHARLES: 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.
CHECKPOINT CHARLES
Largest movements
- Receivables within one year -€177,061
down €177,061 (-99.9%), from €177,296 to €235
of which Other amounts receivable: -€176,204
- Current investments -€125,596
down €125,596 (-10.8%), from €1.2m to €1.0m
- Tangible fixed assets +€110,884
up €110,884 (+4.3%), from €2.6m to €2.7m
of which Land and buildings: +€1.1m
- Deferred charges and accrued income -€73,912
down €73,912 (-96.2%), from €76,845 to €2,933
- Accrued charges and deferred income -€172,497
down €172,497 (-77.8%), from €221,856 to €49,359
- Debts after one year -€97,828
down €97,828 (-4.3%), from €2.3m to €2.2m
of which Financial debts: -€97,828
- Trade debts -€88,078
down €88,078 (-97.1%), from €90,670 to €2,592
- Other debts +€42,883
up €42,883 (+522.8%), from €8,203 to €51,086
- Financial income -€84,970
down €84,970 (-89.2%), from €95,235 to €10,265
- Gross operating margin +€36,461
up €36,461 (+21.6%), from €168,683 to €205,145
- Taxes -€21,516
down €21,516 (-44.7%), from €48,092 to €26,576
- Financial charges +€14,843
up €14,843 (+24.2%), from €61,236 to €76,079
- Other operating charges +€7,757
up €7,757 (+118.0%), from €6,572 to €14,328
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 | €4,264,338 | €3,995,816 | -€268,522 | -6.3% |
| Fixed assets | 21/28 | €2,602,878 | €2,713,762 | +€110,884 | +4.3% |
| Tangible fixed assets | 22/27 | €2,600,400 | €2,711,283 | +€110,884 | +4.3% |
| Land and buildings | 22 | €1,595,538 | €2,711,224 | +€1.1m | +69.9% |
| Plant, machinery and equipment | 23 | €503 | €60 | -€443 | -88.1% |
| Furniture and vehicles | 24 | €1,658 | €0 | -€1,658 | -100.0% |
| Assets under construction and advance payments | 27 | €1,002,701 | €0 | -€1.0m | -100.0% |
| Financial fixed assets | 28 | €2,478 | €2,478 | = | 0.0% |
| Current assets | 29/58 | €1,661,460 | €1,282,054 | -€379,406 | -22.8% |
| Amounts receivable within one year | 40/41 | €177,296 | €235 | -€177,061 | -99.9% |
| Trade receivables | 40 | €857 | €0 | -€857 | -100.0% |
| Other amounts receivable | 41 | €176,439 | €235 | -€176,204 | -99.9% |
| Current investments | 50/53 | €1,166,831 | €1,041,235 | -€125,596 | -10.8% |
| Cash at bank and in hand | 54/58 | €240,488 | €237,652 | -€2,836 | -1.2% |
| Deferred charges and accrued income | 490/1 | €76,845 | €2,933 | -€73,912 | -96.2% |
| Total equity and liabilities | 10/49 | €4,264,338 | €3,995,816 | -€268,522 | -6.3% |
| Equity | 10/15 | €1,505,512 | €1,538,029 | +€32,518 | +2.2% |
| Contributions | 10/11 | €658,579 | €658,579 | = | 0.0% |
| Capital | 10 | €658,579 | €658,579 | = | 0.0% |
| Issued capital | 100 | €658,579 | €658,579 | = | 0.0% |
| Reserves | 13 | €846,933 | €879,451 | +€32,518 | +3.8% |
| Non-distributable reserves | 130/1 | €43,240 | €45,888 | +€2,648 | +6.1% |
| Legal reserve | 130 | €41,937 | €44,585 | +€2,648 | +6.3% |
| Other | 1319 | €1,303 | €1,303 | = | 0.0% |
| Tax-exempt reserves | 132 | €270,239 | €249,796 | -€20,443 | -7.6% |
| Distributable reserves | 133 | €533,454 | €583,767 | +€50,313 | +9.4% |
| Provisions and deferred taxes | 16 | €88,567 | €81,753 | -€6,814 | -7.7% |
| Deferred taxes | 168 | €88,567 | €81,753 | -€6,814 | -7.7% |
| Amounts payable | 17/49 | €2,670,260 | €2,376,034 | -€294,226 | -11.0% |
| Amounts payable after more than one year | 17 | €2,254,279 | €2,156,451 | -€97,828 | -4.3% |
| Financial debts | 170/4 | €852,815 | €754,987 | -€97,828 | -11.5% |
| Other amounts payable | 178/9 | €1,401,464 | €1,401,464 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,124 | €170,224 | -€23,900 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €92,410 | €97,828 | +€5,418 | +5.9% |
| Trade debts | 44 | €90,670 | €2,592 | -€88,078 | -97.1% |
| Suppliers | 440/4 | €90,670 | €2,592 | -€88,078 | -97.1% |
| Advances received on contracts in progress | 46 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €2,842 | €18,618 | +€15,777 | +555.2% |
| Taxes | 450/3 | €2,842 | €18,618 | +€15,777 | +555.2% |
| Other amounts payable | 47/48 | €8,203 | €51,086 | +€42,883 | +522.8% |
| Accrued charges and deferred income | 492/3 | €221,856 | €49,359 | -€172,497 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,743 | €72,723 | -€4,021 | -5.2% |
| Other operating charges | 640/8 | €6,572 | €14,328 | +€7,757 | +118.0% |
| Gross operating margin | 9900 | €168,683 | €205,145 | +€36,461 | +21.6% |
| Operating profit (loss) | 9901 | €85,369 | €118,094 | +€32,725 | +38.3% |
| Financial income | 75/76B | €95,235 | €10,265 | -€84,970 | -89.2% |
| Recurring financial income | 75 | €95,235 | €10,265 | -€84,970 | -89.2% |
| Financial charges | 65/66B | €61,236 | €76,079 | +€14,843 | +24.2% |
| Recurring financial charges | 65 | €61,236 | €76,079 | +€14,843 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €119,368 | €52,280 | -€67,088 | -56.2% |
| Transfer from deferred taxes | 780 | €6,815 | €6,814 | -€0 | 0.0% |
| Income taxes | 67/77 | €48,092 | €26,576 | -€21,516 | -44.7% |
| Profit (loss) for the period | 9904 | €78,090 | €32,518 | -€45,572 | -58.4% |
| Transfer from tax-exempt reserves | 789 | €20,443 | €20,443 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,533 | €52,961 | -€45,572 | -46.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.