CARABELI: what changed
Two fiscal 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.
CARABELI
Largest movements
- Cash +€19,422
up €19,422 (+44.7%), from €43,476 to €62,898
mainly Net result for the year (+€29,689) and Depreciation (+€15,474)
- Tangible fixed assets -€11,717
down €11,717 (-32.5%), from €36,027 to €24,311
of which Furniture and vehicles: -€10,317
- Receivables within one year +€3,659
up €3,659 (+20.3%), from €18,003 to €21,662
of which Trade receivables: +€16,806
- Profit (loss) carried forward +€9,689
up €9,689 (+313.8%), from €3,088 to €12,777
- Tax, wage and social debts +€9,321
up €9,321 (+71.3%), from €13,081 to €22,402
- Trade debts +€7,135
up €7,135 (+62.7%), from €11,374 to €18,508
- Other debts -€7,028
down €7,028 (-31.4%), from €22,400 to €15,372
- Debts after one year -€5,698
no longer reported in 2025 (was €5,698)
- Gross operating margin +€44,507
up €44,507 (+178.9%), from €24,877 to €69,384
- Staff costs +€9,600
new in 2025: €9,600
- Taxes +€9,078
up €9,078 (+236.2%), from €3,843 to €12,921
- Depreciation +€4,143
up €4,143 (+36.6%), from €11,331 to €15,474
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,501 | €110,617 | +€12,116 | +12.3% |
| Fixed assets | 21/28 | €36,027 | €24,311 | -€11,717 | -32.5% |
| Tangible fixed assets | 22/27 | €36,027 | €24,311 | -€11,717 | -32.5% |
| Plant, machinery and equipment | 23 | €9,981 | €8,581 | -€1,400 | -14.0% |
| Furniture and vehicles | 24 | €26,046 | €15,729 | -€10,317 | -39.6% |
| Current assets | 29/58 | €62,474 | €86,307 | +€23,833 | +38.1% |
| Amounts receivable within one year | 40/41 | €18,003 | €21,662 | +€3,659 | +20.3% |
| Trade receivables | 40 | €1,996 | €18,802 | +€16,806 | +842.0% |
| Other amounts receivable | 41 | €16,007 | €2,860 | -€13,147 | -82.1% |
| Cash at bank and in hand | 54/58 | €43,476 | €62,898 | +€19,422 | +44.7% |
| Deferred charges and accrued income | 490/1 | €995 | €1,747 | +€752 | +75.6% |
| Total equity and liabilities | 10/49 | €98,501 | €110,617 | +€12,116 | +12.3% |
| Equity | 10/15 | €38,148 | €47,837 | +€9,689 | +25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,860 | €28,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,088 | €12,777 | +€9,689 | +313.8% |
| Amounts payable | 17/49 | €60,353 | €62,780 | +€2,427 | +4.0% |
| Amounts payable after more than one year | 17 | €5,698 | - | -€5,698 | |
| Financial debts | 170/4 | €5,698 | - | -€5,698 | |
| Amounts payable within one year | 42/48 | €54,321 | €61,980 | +€7,660 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €7,466 | €5,698 | -€1,769 | -23.7% |
| Trade debts | 44 | €11,374 | €18,508 | +€7,135 | +62.7% |
| Suppliers | 440/4 | €11,374 | €18,508 | +€7,135 | +62.7% |
| Taxes, remuneration and social security | 45 | €13,081 | €22,402 | +€9,321 | +71.3% |
| Taxes | 450/3 | €13,081 | €22,402 | +€9,321 | +71.3% |
| Other amounts payable | 47/48 | €22,400 | €15,372 | -€7,028 | -31.4% |
| Accrued charges and deferred income | 492/3 | €334 | €800 | +€466 | +139.3% |
| Remuneration, social security and pensions | 62 | - | €9,600 | +€9,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,331 | €15,474 | +€4,143 | +36.6% |
| Other operating charges | 640/8 | €1,149 | €1,361 | +€213 | +18.5% |
| Gross operating margin | 9900 | €24,877 | €69,384 | +€44,507 | +178.9% |
| Operating profit (loss) | 9901 | €12,398 | €42,948 | +€30,551 | +246.4% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €333 | €338 | +€4 | +1.3% |
| Recurring financial charges | 65 | €333 | €338 | +€4 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €12,069 | €42,611 | +€30,541 | +253.0% |
| Income taxes | 67/77 | €3,843 | €12,921 | +€9,078 | +236.2% |
| Profit (loss) for the period | 9904 | €8,226 | €29,689 | +€21,463 | +260.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,226 | €29,689 | +€21,463 | +260.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.