Car-ré Architecture: 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-ré Architecture
Largest movements
- Tangible fixed assets +€106,775
up €106,775 (+30.3%), from €351,845 to €458,620
of which Land and buildings: +€121,440
- Cash +€60,902
up €60,902 (+74.6%), from €81,603 to €142,505
mainly Debts after one year (+€86,850) and Net result for the year (+€50,747)
- Receivables within one year +€23,643
up €23,643 (+337%), from €7,010 to €30,653
of which Trade receivables: +€23,399
- Financial fixed assets +€13,768
up €13,768 (+183%), from €7,544 to €21,312
- Debts after one year +€86,850
up €86,850 (+34.9%), from €248,872 to €335,722
- Profit (loss) carried forward +€50,747
up €50,747 (+144%), from €35,222 to €85,969
- Current portion of long-term debt +€28,336
up €28,336 (+229%), from €12,374 to €40,709
- Trade debts +€25,516
up €25,516 (+311%), from €8,215 to €33,732
- Tax, wage and social debts +€14,270
up €14,270 (+186%), from €7,666 to €21,935
of which Taxes: +€8,555
- Financial charges +€25,460
up €25,460 (+292%), from €8,712 to €34,172
- Taxes -€12,086
down €12,086 (-42.3%), from €28,558 to €16,472
- Depreciation +€5,385
up €5,385 (+17.3%), from €31,126 to €36,511
- Gross operating margin -€5,252
down €5,252 (-3.6%), from €145,787 to €140,535
- Other operating charges +€2,051
up €2,051 (+100%), from €2,043 to €4,094
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 | €452,587 | €654,610 | +€202,022 | +44.6% |
| Fixed assets | 21/28 | €359,389 | €479,932 | +€120,543 | +33.5% |
| Tangible fixed assets | 22/27 | €351,845 | €458,620 | +€106,775 | +30.3% |
| Land and buildings | 22 | €311,375 | €432,814 | +€121,440 | +39.0% |
| Plant, machinery and equipment | 23 | - | €462 | +€462 | |
| Furniture and vehicles | 24 | €40,470 | €25,344 | -€15,126 | -37.4% |
| Financial fixed assets | 28 | €7,544 | €21,312 | +€13,768 | +183% |
| Current assets | 29/58 | €93,198 | €174,677 | +€81,479 | +87.4% |
| Amounts receivable within one year | 40/41 | €7,010 | €30,653 | +€23,643 | +337% |
| Trade receivables | 40 | €1,597 | €24,996 | +€23,399 | +1,465% |
| Other amounts receivable | 41 | €5,414 | €5,657 | +€243 | +4.5% |
| Cash at bank and in hand | 54/58 | €81,603 | €142,505 | +€60,902 | +74.6% |
| Deferred charges and accrued income | 490/1 | €4,585 | €1,519 | -€3,066 | -66.9% |
| Total equity and liabilities | 10/49 | €452,587 | €654,610 | +€202,022 | +44.6% |
| Equity | 10/15 | €170,343 | €221,090 | +€50,747 | +29.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €128,121 | €128,121 | = | 0.0% |
| Distributable reserves | 133 | €128,121 | €128,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,222 | €85,969 | +€50,747 | +144% |
| Amounts payable | 17/49 | €282,244 | €433,519 | +€151,275 | +53.6% |
| Amounts payable after more than one year | 17 | €248,872 | €335,722 | +€86,850 | +34.9% |
| Financial debts | 170/4 | €248,872 | €335,722 | +€86,850 | +34.9% |
| Amounts payable within one year | 42/48 | €33,372 | €97,797 | +€64,425 | +193% |
| Current portion of amounts payable after more than one year | 42 | €12,374 | €40,709 | +€28,336 | +229% |
| Trade debts | 44 | €8,215 | €33,732 | +€25,516 | +311% |
| Suppliers | 440/4 | €8,215 | €33,732 | +€25,516 | +311% |
| Taxes, remuneration and social security | 45 | €7,666 | €21,935 | +€14,270 | +186% |
| Taxes | 450/3 | €7,510 | €16,065 | +€8,555 | +114% |
| Remuneration and social security | 454/9 | €155 | €5,870 | +€5,715 | +3,681% |
| Other amounts payable | 47/48 | €5,117 | €1,421 | -€3,697 | -72.2% |
| Remuneration, social security and pensions | 62 | €134 | - | -€134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,126 | €36,511 | +€5,385 | +17.3% |
| Other operating charges | 640/8 | €2,043 | €4,094 | +€2,051 | +100% |
| Gross operating margin | 9900 | €145,787 | €140,535 | -€5,252 | -3.6% |
| Operating profit (loss) | 9901 | €112,484 | €99,931 | -€12,554 | -11.2% |
| Financial income | 75/76B | €8 | €1,460 | +€1,452 | +17,616% |
| Recurring financial income | 75 | €8 | €757 | +€748 | +9,083% |
| Non-recurring financial income | 76B | - | €703 | +€703 | |
| Financial charges | 65/66B | €8,712 | €34,172 | +€25,460 | +292% |
| Recurring financial charges | 65 | €8,712 | €34,172 | +€25,460 | +292% |
| Profit (loss) for the period before taxes | 9903 | €103,780 | €67,219 | -€36,562 | -35.2% |
| Income taxes | 67/77 | €28,558 | €16,472 | -€12,086 | -42.3% |
| Profit (loss) for the period | 9904 | €75,222 | €50,747 | -€24,475 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,222 | €50,747 | -€24,475 | -32.5% |
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 29 October 2026 via checked.be.