C.A.R.P.E: 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.
C.A.R.P.E
Largest movements
- Tangible fixed assets -€32,484
down €32,484 (-3.6%), from €895,117 to €862,633
- Debts after one year -€57,524
down €57,524 (-28.4%), from €202,689 to €145,165
- Profit (loss) carried forward +€29,730
up €29,730 (+133%), from €22,306 to €52,036
- Other debts -€28,553
down €28,553 (-3.5%), from €824,836 to €796,283
- Gross operating margin -€14,859
down €14,859 (-14.2%), from €104,685 to €89,826
- Taxes +€11,433
up €11,433 (+12,640%), from €90 to €11,523
- Financial charges -€6,409
down €6,409 (-36.7%), from €17,467 to €11,059
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 | €1,527,953 | €1,489,246 | -€38,707 | -2.5% |
| Fixed assets | 21/28 | €1,515,117 | €1,482,633 | -€32,484 | -2.1% |
| Tangible fixed assets | 22/27 | €895,117 | €862,633 | -€32,484 | -3.6% |
| Land and buildings | 22 | €895,117 | €862,633 | -€32,484 | -3.6% |
| Financial fixed assets | 28 | €620,000 | €620,000 | = | 0.0% |
| Current assets | 29/58 | €12,836 | €6,613 | -€6,223 | -48.5% |
| Amounts receivable within one year | 40/41 | €6,856 | €6,575 | -€281 | -4.1% |
| Trade receivables | 40 | €6,856 | €6,575 | -€281 | -4.1% |
| Cash at bank and in hand | 54/58 | €5,394 | €38 | -€5,356 | -99.3% |
| Deferred charges and accrued income | 490/1 | €586 | - | -€586 | |
| Total equity and liabilities | 10/49 | €1,527,953 | €1,489,246 | -€38,707 | -2.5% |
| Equity | 10/15 | €427,860 | €457,590 | +€29,730 | +6.9% |
| Contributions | 10/11 | €400,110 | €400,110 | = | 0.0% |
| Reserves | 13 | €5,444 | €5,444 | = | 0.0% |
| Distributable reserves | 133 | €5,444 | €5,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,306 | €52,036 | +€29,730 | +133% |
| Amounts payable | 17/49 | €1,100,093 | €1,031,656 | -€68,437 | -6.2% |
| Amounts payable after more than one year | 17 | €202,689 | €145,165 | -€57,524 | -28.4% |
| Financial debts | 170/4 | €202,689 | €145,165 | -€57,524 | -28.4% |
| Amounts payable within one year | 42/48 | €897,404 | €886,491 | -€10,913 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €60,412 | €62,197 | +€1,785 | +3.0% |
| Financial debts | 43 | - | €8,196 | +€8,196 | |
| Credit institutions | 430/8 | - | €8,196 | +€8,196 | |
| Trade debts | 44 | €4,212 | €1,930 | -€2,282 | -54.2% |
| Suppliers | 440/4 | €4,212 | €1,930 | -€2,282 | -54.2% |
| Taxes, remuneration and social security | 45 | €7,944 | €17,885 | +€9,941 | +125% |
| Taxes | 450/3 | €7,944 | €17,885 | +€9,941 | +125% |
| Other amounts payable | 47/48 | €824,836 | €796,283 | -€28,553 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,507 | €32,484 | -€23 | -0.1% |
| Other operating charges | 640/8 | €4,739 | €5,043 | +€303 | +6.4% |
| Gross operating margin | 9900 | €104,685 | €89,826 | -€14,859 | -14.2% |
| Operating profit (loss) | 9901 | €67,439 | €52,300 | -€15,140 | -22.4% |
| Financial income | 75/76B | €34 | €13 | -€21 | -62.9% |
| Recurring financial income | 75 | €34 | €13 | -€21 | -62.9% |
| Financial charges | 65/66B | €17,467 | €11,059 | -€6,409 | -36.7% |
| Recurring financial charges | 65 | €17,467 | €11,059 | -€6,409 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €50,006 | €41,253 | -€8,752 | -17.5% |
| Income taxes | 67/77 | €90 | €11,523 | +€11,433 | +12,640% |
| Profit (loss) for the period | 9904 | €49,915 | €29,730 | -€20,185 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,915 | €29,730 | -€20,185 | -40.4% |
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 15 October 2026 via checked.be.