G CHARNIAUX: 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.
G CHARNIAUX
Largest movements
- Tangible fixed assets -€17,189
down €17,189 (-14.7%), from €116,760 to €99,570
of which Furniture and vehicles: -€17,386
- Cash -€11,488
down €11,488 (-40.1%), from €28,642 to €17,154
mainly Debts after one year (-€14,777) and Investment in fixed assets (net) (-€5,563)
- Debts after one year -€14,777
down €14,777 (-18.4%), from €80,513 to €65,736
- Profit (loss) carried forward -€5,482
down €5,482 (-8.8%), from €61,970 to €56,487
- Tax, wage and social debts -€4,824
down €4,824 (-43.4%), from €11,115 to €6,291
- Advances received -€4,125
no longer reported in 2025 (was €4,125)
- Gross operating margin -€16,339
down €16,339 (-37.9%), from €43,166 to €26,828
- Taxes -€4,139
down €4,139 (-79.5%), from €5,205 to €1,066
- Financial charges -€1,172
down €1,172 (-15.1%), from €7,777 to €6,605
- Depreciation -€739
down €739 (-3.1%), from €23,492 to €22,753
- Other operating charges -€462
down €462 (-36.4%), from €1,269 to €808
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 | €185,099 | €154,547 | -€30,551 | -16.5% |
| Fixed assets | 21/28 | €116,760 | €99,570 | -€17,189 | -14.7% |
| Tangible fixed assets | 22/27 | €116,760 | €99,570 | -€17,189 | -14.7% |
| Plant, machinery and equipment | 23 | €411 | - | -€411 | |
| Furniture and vehicles | 24 | €34,803 | €17,417 | -€17,386 | -50.0% |
| Other tangible fixed assets | 26 | €81,546 | €82,154 | +€608 | +0.7% |
| Current assets | 29/58 | €68,339 | €54,977 | -€13,362 | -19.6% |
| Amounts receivable within one year | 40/41 | €37,096 | €36,330 | -€766 | -2.1% |
| Trade receivables | 40 | €5,282 | €3,964 | -€1,318 | -25.0% |
| Other amounts receivable | 41 | €31,813 | €32,366 | +€553 | +1.7% |
| Cash at bank and in hand | 54/58 | €28,642 | €17,154 | -€11,488 | -40.1% |
| Deferred charges and accrued income | 490/1 | €2,601 | €1,493 | -€1,108 | -42.6% |
| Total equity and liabilities | 10/49 | €185,099 | €154,547 | -€30,551 | -16.5% |
| Equity | 10/15 | €71,772 | €66,289 | -€5,482 | -7.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,802 | €6,802 | = | 0.0% |
| Distributable reserves | 133 | €6,802 | €6,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,970 | €56,487 | -€5,482 | -8.8% |
| Amounts payable | 17/49 | €113,327 | €88,258 | -€25,069 | -22.1% |
| Amounts payable after more than one year | 17 | €80,513 | €65,736 | -€14,777 | -18.4% |
| Financial debts | 170/4 | €80,513 | €65,736 | -€14,777 | -18.4% |
| Amounts payable within one year | 42/48 | €32,814 | €22,522 | -€10,293 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €14,313 | €14,777 | +€464 | +3.2% |
| Trade debts | 44 | €3,261 | €1,454 | -€1,807 | -55.4% |
| Suppliers | 440/4 | €3,261 | €1,454 | -€1,807 | -55.4% |
| Advances received on contracts in progress | 46 | €4,125 | - | -€4,125 | |
| Taxes, remuneration and social security | 45 | €11,115 | €6,291 | -€4,824 | -43.4% |
| Taxes | 450/3 | €11,115 | €6,291 | -€4,824 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,492 | €22,753 | -€739 | -3.1% |
| Other operating charges | 640/8 | €1,269 | €808 | -€462 | -36.4% |
| Non-recurring operating charges | 66A | - | €2,717 | +€2,717 | |
| Gross operating margin | 9900 | €43,166 | €26,828 | -€16,339 | -37.9% |
| Operating profit (loss) | 9901 | €18,405 | €551 | -€17,855 | -97.0% |
| Financial income | 75/76B | €1,379 | €1,638 | +€259 | +18.8% |
| Recurring financial income | 75 | €1,379 | €1,638 | +€259 | +18.8% |
| Financial charges | 65/66B | €7,777 | €6,605 | -€1,172 | -15.1% |
| Recurring financial charges | 65 | €7,777 | €6,605 | -€1,172 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €12,007 | -€4,416 | -€16,423 | |
| Income taxes | 67/77 | €5,205 | €1,066 | -€4,139 | -79.5% |
| Profit (loss) for the period | 9904 | €6,802 | -€5,482 | -€12,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,802 | -€5,482 | -€12,284 |
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 21 October 2026 via checked.be.