LE CHARLEMAGNE: 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.
LE CHARLEMAGNE
Largest movements
- Tangible fixed assets -€500,186
no longer reported in 2025 (was €500,186)
of which Land and buildings: -€500,000
- Profit (loss) carried forward -€1.2m
down €1.2m (-87.0%), from -€1.4m to -€2.6m
- Debts after one year +€850,144
up €850,144 (+55.5%), from €1.5m to €2.4m
of which Financial debts: +€808,504
- Reserves -€108,797
down €108,797 (-99.0%), from €109,923 to €1,126
of which Tax-exempt reserves: -€108,797
- Trade debts -€42,490
down €42,490 (-74.3%), from €57,196 to €14,706
- Advances received +€7,280
new in 2025: €7,280
- Financial charges +€2.5m
up €2.5m (+299,064%), from €850 to €2.5m
- Gross operating margin +€1.4m
up €1.4m, from -€33,946 to €1.3m
- Other operating charges -€270,012
no longer reported in 2025 (was €270,012)
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 | €582,775 | €86,877 | -€495,898 | -85.1% |
| Fixed assets | 21/28 | €500,186 | - | -€500,186 | |
| Tangible fixed assets | 22/27 | €500,186 | - | -€500,186 | |
| Land and buildings | 22 | €500,000 | - | -€500,000 | |
| Furniture and vehicles | 24 | €186 | - | -€186 | |
| Current assets | 29/58 | €82,589 | €86,877 | +€4,288 | +5.2% |
| Amounts receivable within one year | 40/41 | €82,479 | €86,773 | +€4,294 | +5.2% |
| Trade receivables | 40 | €49,829 | €69,257 | +€19,428 | +39.0% |
| Other amounts receivable | 41 | €32,649 | €17,515 | -€15,134 | -46.4% |
| Cash at bank and in hand | 54/58 | €110 | €104 | -€6 | -5.7% |
| Total equity and liabilities | 10/49 | €582,775 | €86,877 | -€495,898 | -85.1% |
| Equity | 10/15 | -€1,005,446 | -€2,316,385 | -€1.3m | -130% |
| Contributions | 10/11 | €266,589 | €266,589 | = | 0.0% |
| Reserves | 13 | €109,923 | €1,126 | -€108,797 | -99.0% |
| Non-distributable reserves | 130/1 | €1,126 | €1,126 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,126 | €1,126 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,797 | - | -€108,797 | |
| Profit (loss) carried forward | 14 | -€1,381,958 | -€2,584,100 | -€1.2m | -87.0% |
| Amounts payable | 17/49 | €1,588,221 | €2,403,262 | +€815,041 | +51.3% |
| Amounts payable after more than one year | 17 | €1,530,860 | €2,381,003 | +€850,144 | +55.5% |
| Financial debts | 170/4 | €1,530,860 | €2,339,364 | +€808,504 | +52.8% |
| Other amounts payable | 178/9 | - | €41,639 | +€41,639 | |
| Amounts payable within one year | 42/48 | €57,361 | €22,259 | -€35,102 | -61.2% |
| Trade debts | 44 | €57,196 | €14,706 | -€42,490 | -74.3% |
| Suppliers | 440/4 | €57,196 | €14,706 | -€42,490 | -74.3% |
| Advances received on contracts in progress | 46 | - | €7,280 | +€7,280 | |
| Taxes, remuneration and social security | 45 | €165 | €273 | +€108 | +65.2% |
| Taxes | 450/3 | €165 | €273 | +€108 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,816 | - | -€6,816 | |
| Other operating charges | 640/8 | €270,012 | - | -€270,012 | |
| Gross operating margin | 9900 | -€33,946 | €1,340,540 | +€1.4m | |
| Operating profit (loss) | 9901 | -€310,774 | €1,340,540 | +€1.7m | |
| Financial charges | 65/66B | €850 | €2,542,143 | +€2.5m | +299,064% |
| Recurring financial charges | 65 | €850 | €2,542,143 | +€2.5m | +299,064% |
| Profit (loss) for the period before taxes | 9903 | -€311,624 | -€1,201,603 | -€889,979 | -286% |
| Income taxes | 67/77 | €267 | €539 | +€273 | +102% |
| Profit (loss) for the period | 9904 | -€311,891 | -€1,202,142 | -€890,251 | -285% |
| Profit (loss) for the period to be appropriated | 9905 | -€311,891 | -€1,202,142 | -€890,251 | -285% |
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 17 October 2026 via checked.be.