Patrick CHARLES: what changed
Two fiscal 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.
Patrick CHARLES
Largest movements
- Cash +€6,969
up €6,969 (+117.3%), from €5,943 to €12,913
mainly Net result for the year (+€9,769) and Depreciation (+€8,856)
- Tangible fixed assets -€5,870
down €5,870 (-33.7%), from €17,423 to €11,553
of which Furniture and vehicles: -€3,373
- Receivables within one year +€5,396
up €5,396 (+16.6%), from €32,549 to €37,946
of which Other amounts receivable: +€7,306
- Reserves +€9,500
up €9,500 (+22.8%), from €41,620 to €51,120
of which Distributable reserves: +€9,500
- Trade debts -€6,429
down €6,429 (-83.7%), from €7,682 to €1,253
- Profit (loss) carried forward +€2,036
up €2,036 (+181.4%), from €1,122 to €3,158
- Tax, wage and social debts +€1,700
new in 2025: €1,700
- Gross operating margin +€14,412
up €14,412 (+110.5%), from €13,047 to €27,459
- Taxes +€5,345
up €5,345 (+2637.9%), from €203 to €5,547
- Other operating charges +€1,243
up €1,243 (+138.9%), from €895 to €2,137
- Financial income +€391
new in 2025: €391
- Depreciation +€316
up €316 (+3.7%), from €8,541 to €8,856
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.
Cash bridge derived
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 | €56,624 | €63,431 | +€6,807 | +12.0% |
| Fixed assets | 21/28 | €17,423 | €11,553 | -€5,870 | -33.7% |
| Tangible fixed assets | 22/27 | €17,423 | €11,553 | -€5,870 | -33.7% |
| Plant, machinery and equipment | 23 | €10,022 | €7,524 | -€2,497 | -24.9% |
| Furniture and vehicles | 24 | €7,401 | €4,029 | -€3,373 | -45.6% |
| Current assets | 29/58 | €39,201 | €51,878 | +€12,677 | +32.3% |
| Amounts receivable within one year | 40/41 | €32,549 | €37,946 | +€5,396 | +16.6% |
| Trade receivables | 40 | €4,160 | €2,251 | -€1,909 | -45.9% |
| Other amounts receivable | 41 | €28,389 | €35,695 | +€7,306 | +25.7% |
| Cash at bank and in hand | 54/58 | €5,943 | €12,913 | +€6,969 | +117.3% |
| Deferred charges and accrued income | 490/1 | €709 | €1,020 | +€311 | +43.9% |
| Total equity and liabilities | 10/49 | €56,624 | €63,431 | +€6,807 | +12.0% |
| Equity | 10/15 | €48,942 | €60,478 | +€11,536 | +23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,620 | €51,120 | +€9,500 | +22.8% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €41,000 | €50,500 | +€9,500 | +23.2% |
| Profit (loss) carried forward | 14 | €1,122 | €3,158 | +€2,036 | +181.4% |
| Amounts payable | 17/49 | €7,682 | €2,953 | -€4,729 | -61.6% |
| Amounts payable within one year | 42/48 | €7,682 | €2,953 | -€4,729 | -61.6% |
| Trade debts | 44 | €7,682 | €1,253 | -€6,429 | -83.7% |
| Suppliers | 440/4 | €7,682 | €1,253 | -€6,429 | -83.7% |
| Taxes, remuneration and social security | 45 | - | €1,700 | +€1,700 | |
| Taxes | 450/3 | - | €1,700 | +€1,700 | |
| Non-recurring operating income | 76A | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | - | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,541 | €8,856 | +€316 | +3.7% |
| Other operating charges | 640/8 | €895 | €2,137 | +€1,243 | +138.9% |
| Gross operating margin | 9900 | €13,047 | €27,459 | +€14,412 | +110.5% |
| Operating profit (loss) | 9901 | €3,612 | €16,438 | +€12,826 | +355.1% |
| Financial income | 75/76B | - | €391 | +€391 | |
| Recurring financial income | 75 | - | €391 | +€391 | |
| Financial charges | 65/66B | €1,657 | €1,513 | -€144 | -8.7% |
| Recurring financial charges | 65 | €1,657 | €1,513 | -€144 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €1,954 | €15,316 | +€13,362 | +683.7% |
| Income taxes | 67/77 | €203 | €5,547 | +€5,345 | +2637.9% |
| Profit (loss) for the period | 9904 | €1,752 | €9,769 | +€8,017 | +457.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,752 | €9,769 | +€8,017 | +457.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.