FRANCOIS CHARPENTE: 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.
FRANCOIS CHARPENTE
Largest movements
- Tangible fixed assets +€197,086
up €197,086 (+371%), from €53,112 to €250,199
of which Land and buildings: +€157,117
- Stocks and contracts -€41,967
down €41,967 (-84.8%), from €49,515 to €7,548
- Cash -€10,607
down €10,607 (-9.7%), from €109,119 to €98,512
mainly Investment in fixed assets (net) (-€216,390) and Other debts (-€60,474)
- Debts after one year +€133,052
up €133,052 (+686%), from €19,383 to €152,435
- Reserves +€75,612
up €75,612 (+100%), from €75,282 to €150,894
- Other debts -€60,474
down €60,474 (-96.5%), from €62,684 to €2,211
- Tax, wage and social debts -€28,963
down €28,963 (-56.6%), from €51,149 to €22,187
- Current portion of long-term debt +€22,382
up €22,382 (+246%), from €9,102 to €31,484
- Purchases and services +€88,104
up €88,104 (+33.7%), from €261,145 to €349,249
- Turnover +€86,807
up €86,807 (+22.6%), from €384,067 to €470,874
- Taxes -€7,664
down €7,664 (-21.9%), from €34,919 to €27,254
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 | €238,842 | €384,013 | +€145,171 | +60.8% |
| Fixed assets | 21/28 | €53,162 | €250,249 | +€197,086 | +371% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €53,112 | €250,199 | +€197,086 | +371% |
| Land and buildings | 22 | €31,330 | €188,447 | +€157,117 | +501% |
| Plant, machinery and equipment | 23 | €1,051 | €163 | -€889 | -84.5% |
| Furniture and vehicles | 24 | €20,731 | €61,589 | +€40,858 | +197% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €185,680 | €133,765 | -€51,915 | -28.0% |
| Stocks and contracts in progress | 3 | €49,515 | €7,548 | -€41,967 | -84.8% |
| Stocks | 30/36 | €49,515 | €7,548 | -€41,967 | -84.8% |
| Amounts receivable within one year | 40/41 | €19,656 | €20,393 | +€738 | +3.8% |
| Trade receivables | 40 | €10,357 | €753 | -€9,604 | -92.7% |
| Other amounts receivable | 41 | €9,299 | €19,640 | +€10,342 | +111% |
| Cash at bank and in hand | 54/58 | €109,119 | €98,512 | -€10,607 | -9.7% |
| Deferred charges and accrued income | 490/1 | €7,390 | €7,312 | -€79 | -1.1% |
| Total equity and liabilities | 10/49 | €238,842 | €384,013 | +€145,171 | +60.8% |
| Equity | 10/15 | €95,282 | €170,894 | +€75,612 | +79.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €75,282 | €150,894 | +€75,612 | +100% |
| Non-distributable reserves | 130/1 | €75,282 | €150,894 | +€75,612 | +100% |
| Reserves not available under the articles | 1311 | €75,282 | €150,894 | +€75,612 | +100% |
| Amounts payable | 17/49 | €143,560 | €213,120 | +€69,559 | +48.5% |
| Amounts payable after more than one year | 17 | €19,383 | €152,435 | +€133,052 | +686% |
| Financial debts | 170/4 | €19,383 | €152,435 | +€133,052 | +686% |
| Amounts payable within one year | 42/48 | €124,178 | €60,685 | -€63,493 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €9,102 | €31,484 | +€22,382 | +246% |
| Trade debts | 44 | €1,242 | €4,804 | +€3,562 | +287% |
| Suppliers | 440/4 | €1,242 | €4,804 | +€3,562 | +287% |
| Taxes, remuneration and social security | 45 | €51,149 | €22,187 | -€28,963 | -56.6% |
| Taxes | 450/3 | €51,149 | €22,187 | -€28,963 | -56.6% |
| Other amounts payable | 47/48 | €62,684 | €2,211 | -€60,474 | -96.5% |
| Turnover | 70 | €384,067 | €470,874 | +€86,807 | +22.6% |
| Non-recurring operating income | 76A | - | €3,493 | +€3,493 | |
| Goods, raw materials, services and sundry goods | 60/61 | €261,145 | €349,249 | +€88,104 | +33.7% |
| Remuneration, social security and pensions | 62 | €2,387 | €1,967 | -€420 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,830 | €19,304 | +€474 | +2.5% |
| Other operating charges | 640/8 | €2,273 | €1,504 | -€769 | -33.8% |
| Gross operating margin | 9900 | €128,751 | €125,118 | -€3,633 | -2.8% |
| Operating profit (loss) | 9901 | €105,260 | €102,342 | -€2,918 | -2.8% |
| Financial income | 75/76B | €3,190 | €3,040 | -€150 | -4.7% |
| Recurring financial income | 75 | €3,190 | €3,040 | -€150 | -4.7% |
| Financial charges | 65/66B | €1,443 | €2,516 | +€1,073 | +74.3% |
| Recurring financial charges | 65 | €1,443 | €2,516 | +€1,073 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €107,007 | €102,866 | -€4,141 | -3.9% |
| Income taxes | 67/77 | €34,919 | €27,254 | -€7,664 | -21.9% |
| Profit (loss) for the period | 9904 | €72,088 | €75,612 | +€3,524 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,088 | €75,612 | +€3,524 | +4.9% |
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 28 October 2026 via checked.be.