Poor Charlie: 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.
Poor Charlie
Largest movements
- Current investments +€160,981
new in 2025: €160,981
- Cash -€23,801
down €23,801 (-28.5%), from €83,610 to €59,809
mainly Current investments (-€160,981) and Receivables within one year (-€1,646)
- Tangible fixed assets -€12,809
down €12,809 (-23.8%), from €53,888 to €41,079
- Reserves +€123,709
up €123,709 (+105%), from €117,736 to €241,445
- Gross operating margin +€11,884
up €11,884 (+7.4%), from €161,161 to €173,045
- Depreciation +€2,653
up €2,653 (+26.1%), from €10,156 to €12,809
- Financial charges +€2,375
up €2,375 (+4,081%), from €58 to €2,434
- Taxes +€2,214
up €2,214 (+6.7%), from €33,055 to €35,269
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 | €154,692 | €280,598 | +€125,905 | +81.4% |
| Fixed assets | 21/28 | €53,888 | €41,079 | -€12,809 | -23.8% |
| Tangible fixed assets | 22/27 | €53,888 | €41,079 | -€12,809 | -23.8% |
| Furniture and vehicles | 24 | €53,888 | €41,079 | -€12,809 | -23.8% |
| Current assets | 29/58 | €100,804 | €239,519 | +€138,714 | +138% |
| Amounts receivable within one year | 40/41 | €16,960 | €18,606 | +€1,646 | +9.7% |
| Trade receivables | 40 | €15,021 | €17,913 | +€2,892 | +19.3% |
| Other amounts receivable | 41 | €1,939 | €693 | -€1,246 | -64.2% |
| Current investments | 50/53 | - | €160,981 | +€160,981 | |
| Cash at bank and in hand | 54/58 | €83,610 | €59,809 | -€23,801 | -28.5% |
| Deferred charges and accrued income | 490/1 | €234 | €122 | -€112 | -47.8% |
| Total equity and liabilities | 10/49 | €154,692 | €280,598 | +€125,905 | +81.4% |
| Equity | 10/15 | €119,736 | €243,445 | +€123,709 | +103% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €117,736 | €241,445 | +€123,709 | +105% |
| Distributable reserves | 133 | €117,736 | €241,445 | +€123,709 | +105% |
| Amounts payable | 17/49 | €34,956 | €37,153 | +€2,197 | +6.3% |
| Amounts payable within one year | 42/48 | €34,956 | €37,153 | +€2,197 | +6.3% |
| Trade debts | 44 | €1,901 | €2,121 | +€220 | +11.6% |
| Suppliers | 440/4 | €1,901 | €2,121 | +€220 | +11.6% |
| Taxes, remuneration and social security | 45 | €33,055 | €34,979 | +€1,924 | +5.8% |
| Taxes | 450/3 | €33,055 | €34,979 | +€1,924 | +5.8% |
| Other amounts payable | 47/48 | - | €52 | +€52 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,156 | €12,809 | +€2,653 | +26.1% |
| Other operating charges | 640/8 | €156 | - | -€156 | |
| Gross operating margin | 9900 | €161,161 | €173,045 | +€11,884 | +7.4% |
| Operating profit (loss) | 9901 | €150,849 | €160,237 | +€9,387 | +6.2% |
| Financial income | 75/76B | €0 | €1,174 | +€1,174 | +11,743,900% |
| Recurring financial income | 75 | €0 | €1,174 | +€1,174 | +11,743,900% |
| Financial charges | 65/66B | €58 | €2,434 | +€2,375 | +4,081% |
| Recurring financial charges | 65 | €58 | €2,434 | +€2,375 | +4,081% |
| Profit (loss) for the period before taxes | 9903 | €150,791 | €158,977 | +€8,186 | +5.4% |
| Income taxes | 67/77 | €33,055 | €35,269 | +€2,214 | +6.7% |
| Profit (loss) for the period | 9904 | €117,736 | €123,709 | +€5,973 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,736 | €123,709 | +€5,973 | +5.1% |
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 26 October 2026 via checked.be.