DR CHARLIER Laurence: 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.
DR CHARLIER Laurence
Largest movements
- Receivables within one year -€326,588
down €326,588 (-75.0%), from €435,731 to €109,143
of which Other amounts receivable: -€337,413
- Current investments +€271,089
up €271,089 (+181%), from €150,000 to €421,089
- Receivables after one year -€39,000
no longer reported in 2025 (was €39,000)
- Deferred charges and accrued income -€32,428
down €32,428 (-33.0%), from €98,134 to €65,706
- Reserves -€172,986
down €172,986 (-18.5%), from €933,693 to €760,707
- Other debts +€61,840
new in 2025: €61,840
- Tax, wage and social debts -€17,409
no longer reported in 2025 (was €17,409)
- Gross operating margin -€56,338
down €56,338 (-17.6%), from €320,354 to €264,016
- Taxes -€16,848
down €16,848 (-17.1%), from €98,460 to €81,612
- Staff costs -€6,570
down €6,570 (-94.1%), from €6,981 to €411
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 | €977,522 | €848,820 | -€128,702 | -13.2% |
| Fixed assets | 21/28 | €1,080 | €651 | -€429 | -39.7% |
| Tangible fixed assets | 22/27 | €1,080 | €651 | -€429 | -39.7% |
| Furniture and vehicles | 24 | €1,080 | €651 | -€429 | -39.7% |
| Current assets | 29/58 | €976,443 | €848,170 | -€128,273 | -13.1% |
| Amounts receivable after more than one year | 29 | €39,000 | - | -€39,000 | |
| Other amounts receivable | 291 | €39,000 | - | -€39,000 | |
| Amounts receivable within one year | 40/41 | €435,731 | €109,143 | -€326,588 | -75.0% |
| Trade receivables | 40 | - | €10,825 | +€10,825 | |
| Other amounts receivable | 41 | €435,731 | €98,318 | -€337,413 | -77.4% |
| Current investments | 50/53 | €150,000 | €421,089 | +€271,089 | +181% |
| Cash at bank and in hand | 54/58 | €253,577 | €252,232 | -€1,346 | -0.5% |
| Deferred charges and accrued income | 490/1 | €98,134 | €65,706 | -€32,428 | -33.0% |
| Total equity and liabilities | 10/49 | €977,522 | €848,820 | -€128,702 | -13.2% |
| Equity | 10/15 | €952,293 | €779,307 | -€172,986 | -18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €933,693 | €760,707 | -€172,986 | -18.5% |
| Distributable reserves | 133 | €933,693 | €760,707 | -€172,986 | -18.5% |
| Amounts payable | 17/49 | €25,229 | €69,513 | +€44,284 | +176% |
| Amounts payable within one year | 42/48 | €20,677 | €65,200 | +€44,523 | +215% |
| Trade debts | 44 | €3,268 | €3,359 | +€91 | +2.8% |
| Suppliers | 440/4 | €3,268 | €3,359 | +€91 | +2.8% |
| Taxes, remuneration and social security | 45 | €17,409 | - | -€17,409 | |
| Taxes | 450/3 | €17,409 | - | -€17,409 | |
| Other amounts payable | 47/48 | - | €61,840 | +€61,840 | |
| Accrued charges and deferred income | 492/3 | €4,552 | €4,314 | -€238 | -5.2% |
| Remuneration, social security and pensions | 62 | €6,981 | €411 | -€6,570 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €429 | +€222 | +107% |
| Other operating charges | 640/8 | €98 | €101 | +€3 | +3.4% |
| Gross operating margin | 9900 | €320,354 | €264,016 | -€56,338 | -17.6% |
| Operating profit (loss) | 9901 | €313,067 | €263,075 | -€49,992 | -16.0% |
| Financial income | 75/76B | €7,382 | €5,760 | -€1,622 | -22.0% |
| Recurring financial income | 75 | €7,382 | €5,760 | -€1,622 | -22.0% |
| Financial charges | 65/66B | €197 | €399 | +€203 | +103% |
| Recurring financial charges | 65 | €197 | €399 | +€203 | +103% |
| Profit (loss) for the period before taxes | 9903 | €320,253 | €268,436 | -€51,816 | -16.2% |
| Income taxes | 67/77 | €98,460 | €81,612 | -€16,848 | -17.1% |
| Profit (loss) for the period | 9904 | €221,792 | €186,824 | -€34,968 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €221,792 | €186,824 | -€34,968 | -15.8% |
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 30 October 2026 via checked.be.