Ass. Carbonara: 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.
Ass. Carbonara
Largest movements
- Cash -€53,629
down €53,629 (-63.4%), from €84,527 to €30,898
mainly Contributions, distributions and other (-€148,456) and Investment in fixed assets (net) (-€16,056)
- Receivables within one year -€12,466
down €12,466 (-75.3%), from €16,551 to €4,086
of which Trade receivables: -€12,182
- Tangible fixed assets +€5,357
up €5,357 (+13.1%), from €40,822 to €46,179
of which Furniture and vehicles: +€5,559
- Intangible fixed assets -€3,564
down €3,564 (-20.0%), from €17,820 to €14,256
- Stocks and contracts +€2,254
up €2,254 (+45.1%), from €5,000 to €7,254
- Profit (loss) carried forward -€15,133
down €15,133 (-18.3%), from €82,687 to €67,554
- Tax, wage and social debts -€11,434
down €11,434 (-30.8%), from €37,108 to €25,674
of which Remuneration and social security: -€6,103
- Contributions -€11,000
down €11,000 (-68.8%), from €16,000 to €5,000
- Other debts -€7,648
down €7,648 (-93.1%), from €8,212 to €564
- Advances received -€7,408
no longer reported in 2025 (was €7,408)
- Gross operating margin +€44,493
up €44,493 (+12.2%), from €365,072 to €409,564
- Staff costs +€18,612
up €18,612 (+8.3%), from €225,175 to €243,787
- Financial charges -€9,117
down €9,117 (-89.3%), from €10,204 to €1,087
- Taxes +€7,891
up €7,891 (+30.4%), from €25,917 to €33,807
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 | €172,040 | €111,938 | -€60,102 | -34.9% |
| Fixed assets | 21/28 | €65,962 | €67,755 | +€1,793 | +2.7% |
| Intangible fixed assets | 21 | €17,820 | €14,256 | -€3,564 | -20.0% |
| Tangible fixed assets | 22/27 | €40,822 | €46,179 | +€5,357 | +13.1% |
| Plant, machinery and equipment | 23 | €788 | €587 | -€201 | -25.6% |
| Furniture and vehicles | 24 | €40,033 | €45,592 | +€5,559 | +13.9% |
| Financial fixed assets | 28 | €7,320 | €7,320 | = | 0.0% |
| Current assets | 29/58 | €106,078 | €44,184 | -€61,895 | -58.3% |
| Stocks and contracts in progress | 3 | €5,000 | €7,254 | +€2,254 | +45.1% |
| Stocks | 30/36 | €5,000 | €7,254 | +€2,254 | +45.1% |
| Amounts receivable within one year | 40/41 | €16,551 | €4,086 | -€12,466 | -75.3% |
| Trade receivables | 40 | €16,268 | €4,086 | -€12,182 | -74.9% |
| Other amounts receivable | 41 | €284 | - | -€284 | |
| Cash at bank and in hand | 54/58 | €84,527 | €30,898 | -€53,629 | -63.4% |
| Deferred charges and accrued income | 490/1 | - | €1,945 | +€1,945 | |
| Total equity and liabilities | 10/49 | €172,040 | €111,938 | -€60,102 | -34.9% |
| Equity | 10/15 | €106,744 | €78,155 | -€28,588 | -26.8% |
| Contributions | 10/11 | €16,000 | €5,000 | -€11,000 | -68.8% |
| Profit (loss) carried forward | 14 | €82,687 | €67,554 | -€15,133 | -18.3% |
| Investment grants | 15 | €8,057 | €5,601 | -€2,456 | -30.5% |
| Amounts payable | 17/49 | €65,296 | €33,783 | -€31,513 | -48.3% |
| Amounts payable within one year | 42/48 | €65,296 | €33,783 | -€31,513 | -48.3% |
| Trade debts | 44 | €12,568 | €7,545 | -€5,023 | -40.0% |
| Suppliers | 440/4 | €12,568 | €7,545 | -€5,023 | -40.0% |
| Advances received on contracts in progress | 46 | €7,408 | - | -€7,408 | |
| Taxes, remuneration and social security | 45 | €37,108 | €25,674 | -€11,434 | -30.8% |
| Taxes | 450/3 | €15,265 | €9,933 | -€5,332 | -34.9% |
| Remuneration and social security | 454/9 | €21,843 | €15,740 | -€6,103 | -27.9% |
| Other amounts payable | 47/48 | €8,212 | €564 | -€7,648 | -93.1% |
| Remuneration, social security and pensions | 62 | €225,175 | €243,787 | +€18,612 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,162 | €14,263 | -€900 | -5.9% |
| Other operating charges | 640/8 | €603 | €704 | +€101 | +16.8% |
| Gross operating margin | 9900 | €365,072 | €409,564 | +€44,493 | +12.2% |
| Operating profit (loss) | 9901 | €124,132 | €150,811 | +€26,679 | +21.5% |
| Financial income | 75/76B | €2,538 | €3,951 | +€1,413 | +55.7% |
| Recurring financial income | 75 | €2,538 | €2,665 | +€127 | +5.0% |
| Non-recurring financial income | 76B | - | €1,286 | +€1,286 | |
| Financial charges | 65/66B | €10,204 | €1,087 | -€9,117 | -89.3% |
| Recurring financial charges | 65 | €10,204 | €1,087 | -€9,117 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €116,466 | €153,675 | +€37,209 | +31.9% |
| Income taxes | 67/77 | €25,917 | €33,807 | +€7,891 | +30.4% |
| Profit (loss) for the period | 9904 | €90,549 | €119,867 | +€29,318 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,549 | €119,867 | +€29,318 | +32.4% |
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 1 November 2026 via checked.be.