1 2 3 CARLENS: what changed
1 2 3 CARLENS
Largest movements
- Cash -€35,160
down €35,160 (-59.8%), from €58,750 to €23,589
mainly Stocks and contracts (-€29,408) and Tax, wage and social debts (-€25,922)
- Stocks and contracts +€29,408
up €29,408 (+191%), from €15,372 to €44,780
- Tangible fixed assets -€19,377
down €19,377 (-27.4%), from €70,745 to €51,369
of which Plant, machinery and equipment: -€11,661
- Deferred charges and accrued income -€2,863
down €2,863 (-30.9%), from €9,253 to €6,390
- Receivables within one year +€2,545
up €2,545 (+12.4%), from €20,570 to €23,116
of which Trade receivables: +€9,293
- Tax, wage and social debts -€25,922
down €25,922 (-70.2%), from €36,915 to €10,993
- Trade debts -€7,591
down €7,591 (-27.9%), from €27,194 to €19,603
- Reserves +€6,439
up €6,439 (+18.7%), from €34,401 to €40,840
- Other debts +€4,450
up €4,450 (+209%), from €2,133 to €6,583
- Advances received -€2,658
down €2,658 (-88.6%), from €3,000 to €342
- Gross operating margin -€9,899
down €9,899 (-24.0%), from €41,171 to €31,272
- Depreciation +€4,096
up €4,096 (+24.3%), from €16,870 to €20,966
- Taxes -€3,307
down €3,307 (-50.6%), from €6,530 to €3,223
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,690 | €149,244 | -€25,446 | -14.6% |
| Fixed assets | 21/28 | €70,745 | €51,369 | -€19,377 | -27.4% |
| Tangible fixed assets | 22/27 | €70,745 | €51,369 | -€19,377 | -27.4% |
| Plant, machinery and equipment | 23 | €32,600 | €20,938 | -€11,661 | -35.8% |
| Furniture and vehicles | 24 | €38,145 | €30,430 | -€7,715 | -20.2% |
| Current assets | 29/58 | €103,944 | €97,875 | -€6,070 | -5.8% |
| Stocks and contracts in progress | 3 | €15,372 | €44,780 | +€29,408 | +191% |
| Stocks | 30/36 | €15,372 | €44,780 | +€29,408 | +191% |
| Amounts receivable within one year | 40/41 | €20,570 | €23,116 | +€2,545 | +12.4% |
| Trade receivables | 40 | €12,044 | €21,338 | +€9,293 | +77.2% |
| Other amounts receivable | 41 | €8,526 | €1,778 | -€6,748 | -79.1% |
| Cash at bank and in hand | 54/58 | €58,750 | €23,589 | -€35,160 | -59.8% |
| Deferred charges and accrued income | 490/1 | €9,253 | €6,390 | -€2,863 | -30.9% |
| Total equity and liabilities | 10/49 | €174,690 | €149,244 | -€25,446 | -14.6% |
| Equity | 10/15 | €105,283 | €111,722 | +€6,439 | +6.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,401 | €40,840 | +€6,439 | +18.7% |
| Distributable reserves | 133 | €34,401 | €40,840 | +€6,439 | +18.7% |
| Profit (loss) carried forward | 14 | €65,882 | €65,882 | = | 0.0% |
| Amounts payable | 17/49 | €69,407 | €37,522 | -€31,885 | -45.9% |
| Amounts payable within one year | 42/48 | €69,242 | €37,522 | -€31,720 | -45.8% |
| Trade debts | 44 | €27,194 | €19,603 | -€7,591 | -27.9% |
| Suppliers | 440/4 | €27,194 | €19,603 | -€7,591 | -27.9% |
| Advances received on contracts in progress | 46 | €3,000 | €342 | -€2,658 | -88.6% |
| Taxes, remuneration and social security | 45 | €36,915 | €10,993 | -€25,922 | -70.2% |
| Taxes | 450/3 | €36,915 | €10,993 | -€25,922 | -70.2% |
| Other amounts payable | 47/48 | €2,133 | €6,583 | +€4,450 | +209% |
| Accrued charges and deferred income | 492/3 | €165 | - | -€165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,870 | €20,966 | +€4,096 | +24.3% |
| Other operating charges | 640/8 | €670 | €567 | -€103 | -15.4% |
| Gross operating margin | 9900 | €41,171 | €31,272 | -€9,899 | -24.0% |
| Operating profit (loss) | 9901 | €23,631 | €9,740 | -€13,891 | -58.8% |
| Financial income | 75/76B | €192 | €18 | -€175 | -90.8% |
| Recurring financial income | 75 | €192 | €18 | -€175 | -90.8% |
| Financial charges | 65/66B | €58 | €95 | +€37 | +64.1% |
| Recurring financial charges | 65 | €58 | €95 | +€37 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €23,765 | €9,662 | -€14,103 | -59.3% |
| Income taxes | 67/77 | €6,530 | €3,223 | -€3,307 | -50.6% |
| Profit (loss) for the period | 9904 | €17,236 | €6,439 | -€10,797 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,236 | €6,439 | -€10,797 | -62.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.