Fabrice 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.
Fabrice CHARLES
Largest movements
- Tangible fixed assets -€16,276
down €16,276 (-7.4%), from €219,022 to €202,746
of which Land and buildings: -€16,248
- Cash -€3,065
down €3,065 (-6.4%), from €48,238 to €45,173
mainly Net result for the year (-€22,433) and Deferred charges and accrued income (-€296)
- Profit (loss) carried forward -€22,433
down €22,433 (-12.9%), from €173,753 to €151,320
- Gross operating margin -€16,410
down €16,410 (-58.8%), from €27,914 to €11,504
- Financial charges -€5,836
down €5,836 (-97.0%), from €6,014 to €178
- Depreciation -€2,771
down €2,771 (-14.5%), from €19,047 to €16,276
- Other operating charges -€312
down €312 (-11.2%), from €2,795 to €2,483
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 | €272,341 | €251,990 | -€20,350 | -7.5% |
| Fixed assets | 21/28 | €219,022 | €202,746 | -€16,276 | -7.4% |
| Tangible fixed assets | 22/27 | €219,022 | €202,746 | -€16,276 | -7.4% |
| Land and buildings | 22 | €218,994 | €202,746 | -€16,248 | -7.4% |
| Furniture and vehicles | 24 | €28 | - | -€28 | |
| Current assets | 29/58 | €53,319 | €49,244 | -€4,074 | -7.6% |
| Amounts receivable within one year | 40/41 | €1,305 | - | -€1,305 | |
| Trade receivables | 40 | €1,305 | - | -€1,305 | |
| Cash at bank and in hand | 54/58 | €48,238 | €45,173 | -€3,065 | -6.4% |
| Deferred charges and accrued income | 490/1 | €3,775 | €4,071 | +€296 | +7.8% |
| Total equity and liabilities | 10/49 | €272,341 | €251,990 | -€20,350 | -7.5% |
| Equity | 10/15 | €194,213 | €171,780 | -€22,433 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,753 | €151,320 | -€22,433 | -12.9% |
| Amounts payable | 17/49 | €78,128 | €80,211 | +€2,083 | +2.7% |
| Amounts payable within one year | 42/48 | €78,128 | €80,211 | +€2,083 | +2.7% |
| Trade debts | 44 | €207 | €55 | -€153 | -73.7% |
| Suppliers | 440/4 | €207 | €55 | -€153 | -73.7% |
| Taxes, remuneration and social security | 45 | €367 | €2,572 | +€2,205 | +601% |
| Taxes | 450/3 | - | €2,125 | +€2,125 | |
| Remuneration and social security | 454/9 | €367 | €447 | +€80 | +21.7% |
| Other amounts payable | 47/48 | €77,554 | €77,584 | +€31 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,047 | €16,276 | -€2,771 | -14.5% |
| Other operating charges | 640/8 | €2,795 | €2,483 | -€312 | -11.2% |
| Non-recurring operating charges | 66A | €1,400 | €15,000 | +€13,600 | +971% |
| Gross operating margin | 9900 | €27,914 | €11,504 | -€16,410 | -58.8% |
| Operating profit (loss) | 9901 | €4,672 | -€22,255 | -€26,927 | |
| Financial charges | 65/66B | €6,014 | €178 | -€5,836 | -97.0% |
| Recurring financial charges | 65 | €6,014 | €178 | -€5,836 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,342 | -€22,433 | -€21,091 | -1,572% |
| Profit (loss) for the period | 9904 | -€1,342 | -€22,433 | -€21,091 | -1,572% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,342 | -€22,433 | -€21,091 | -1,572% |
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 20 October 2026 via checked.be.