CAR.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.
CAR.E
Largest movements
- Receivables within one year +€8,421
up €8,421 (+251%), from €3,354 to €11,775
- Cash -€7,113
down €7,113 (-75.5%), from €9,419 to €2,306
mainly Tax, wage and social debts (-€100,709) and Receivables within one year (-€8,421)
- Tangible fixed assets -€2,016
down €2,016 (-28.8%), from €7,008 to €4,992
- Tax, wage and social debts -€100,709
down €100,709 (-95.5%), from €105,416 to €4,708
- Profit (loss) carried forward +€71,531
up €71,531 (+18.6%), from -€384,101 to -€312,570
- Debts after one year +€29,973
up €29,973 (+10.4%), from €289,404 to €319,377
- Trade debts -€1,649
down €1,649 (-52.9%), from €3,119 to €1,471
- Taxes -€104,803
down €104,803 (-100%), from €104,803 to €0
- Gross operating margin +€28,415
up €28,415 (+61.8%), from €45,947 to €74,362
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 | €20,038 | €19,185 | -€853 | -4.3% |
| Fixed assets | 21/28 | €7,008 | €4,992 | -€2,016 | -28.8% |
| Tangible fixed assets | 22/27 | €7,008 | €4,992 | -€2,016 | -28.8% |
| Furniture and vehicles | 24 | €7,008 | €4,992 | -€2,016 | -28.8% |
| Current assets | 29/58 | €13,030 | €14,193 | +€1,163 | +8.9% |
| Amounts receivable within one year | 40/41 | €3,354 | €11,775 | +€8,421 | +251% |
| Trade receivables | 40 | €3,354 | €11,775 | +€8,421 | +251% |
| Cash at bank and in hand | 54/58 | €9,419 | €2,306 | -€7,113 | -75.5% |
| Deferred charges and accrued income | 490/1 | €257 | €112 | -€146 | -56.6% |
| Total equity and liabilities | 10/49 | €20,038 | €19,185 | -€853 | -4.3% |
| Equity | 10/15 | -€377,901 | -€306,370 | +€71,531 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,101 | -€312,570 | +€71,531 | +18.6% |
| Amounts payable | 17/49 | €397,939 | €325,555 | -€72,384 | -18.2% |
| Amounts payable after more than one year | 17 | €289,404 | €319,377 | +€29,973 | +10.4% |
| Financial debts | 170/4 | €289,404 | €319,377 | +€29,973 | +10.4% |
| Amounts payable within one year | 42/48 | €108,536 | €6,179 | -€102,357 | -94.3% |
| Trade debts | 44 | €3,119 | €1,471 | -€1,649 | -52.9% |
| Suppliers | 440/4 | €3,119 | €1,471 | -€1,649 | -52.9% |
| Taxes, remuneration and social security | 45 | €105,416 | €4,708 | -€100,709 | -95.5% |
| Taxes | 450/3 | €105,416 | €4,708 | -€100,709 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,016 | €2,016 | = | 0.0% |
| Other operating charges | 640/8 | €739 | €602 | -€137 | -18.6% |
| Gross operating margin | 9900 | €45,947 | €74,362 | +€28,415 | +61.8% |
| Operating profit (loss) | 9901 | €43,192 | €71,744 | +€28,552 | +66.1% |
| Financial charges | 65/66B | €188 | €213 | +€25 | +13.3% |
| Recurring financial charges | 65 | €188 | €213 | +€25 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €43,004 | €71,531 | +€28,527 | +66.3% |
| Income taxes | 67/77 | €104,803 | €0 | -€104,803 | -100% |
| Profit (loss) for the period | 9904 | -€61,800 | €71,531 | +€133,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,800 | €71,531 | +€133,331 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.