CARANTMAX: 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.
CARANTMAX
Largest movements
- Current investments +€152,584
up €152,584 (+23.4%), from €651,872 to €804,456
- Cash +€110,560
up €110,560 (+118.1%), from €93,598 to €204,158
mainly Net result for the year (+€182,248) and Other debts (+€47,421)
- Tangible fixed assets -€37,134
down €37,134 (-34.7%), from €107,116 to €69,982
of which Furniture and vehicles: -€36,432
- Reserves +€182,248
up €182,248 (+61.6%), from €295,955 to €478,202
- Other debts +€47,421
up €47,421 (+13.9%), from €340,874 to €388,294
- Debts after one year -€24,042
down €24,042 (-47.5%), from €50,651 to €26,609
- Provisions +€21,878
up €21,878 (+20.3%), from €107,763 to €129,640
- Current portion of long-term debt -€17,483
down €17,483 (-42.1%), from €41,525 to €24,042
- Gross operating margin +€79,757
up €79,757 (+21.8%), from €365,489 to €445,245
- Taxes +€27,688
up €27,688 (+45.3%), from €61,099 to €88,787
- Provisions +€27,579
up €27,579, from -€5,701 to €21,878
- Financial charges -€12,764
down €12,764 (-10.0%), from €128,094 to €115,330
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.
Cash bridge derived
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 | €858,328 | €1,080,015 | +€221,687 | +25.8% |
| Fixed assets | 21/28 | €107,116 | €69,982 | -€37,134 | -34.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €107,116 | €69,982 | -€37,134 | -34.7% |
| Plant, machinery and equipment | 23 | €1,830 | €2,229 | +€399 | +21.8% |
| Furniture and vehicles | 24 | €101,653 | €65,221 | -€36,432 | -35.8% |
| Other tangible fixed assets | 26 | €3,634 | €2,532 | -€1,102 | -30.3% |
| Current assets | 29/58 | €751,212 | €1,010,033 | +€258,822 | +34.5% |
| Amounts receivable within one year | 40/41 | €4,156 | €56 | -€4,100 | -98.7% |
| Other amounts receivable | 41 | €4,156 | €56 | -€4,100 | -98.7% |
| Current investments | 50/53 | €651,872 | €804,456 | +€152,584 | +23.4% |
| Cash at bank and in hand | 54/58 | €93,598 | €204,158 | +€110,560 | +118.1% |
| Deferred charges and accrued income | 490/1 | €1,586 | €1,364 | -€222 | -14.0% |
| Total equity and liabilities | 10/49 | €858,328 | €1,080,015 | +€221,687 | +25.8% |
| Equity | 10/15 | €295,955 | €478,202 | +€182,248 | +61.6% |
| Reserves | 13 | €295,955 | €478,202 | +€182,248 | +61.6% |
| Distributable reserves | 133 | €295,955 | €478,202 | +€182,248 | +61.6% |
| Provisions and deferred taxes | 16 | €107,763 | €129,640 | +€21,878 | +20.3% |
| Provisions for liabilities and charges | 160/5 | €107,763 | €129,640 | +€21,878 | +20.3% |
| Environmental obligations | 163 | €107,763 | €129,640 | +€21,878 | +20.3% |
| Amounts payable | 17/49 | €454,611 | €472,173 | +€17,562 | +3.9% |
| Amounts payable after more than one year | 17 | €50,651 | €26,609 | -€24,042 | -47.5% |
| Financial debts | 170/4 | €50,651 | €26,609 | -€24,042 | -47.5% |
| Amounts payable within one year | 42/48 | €401,944 | €444,178 | +€42,234 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €41,525 | €24,042 | -€17,483 | -42.1% |
| Trade debts | 44 | €149 | €62 | -€87 | -58.4% |
| Suppliers | 440/4 | €149 | €62 | -€87 | -58.4% |
| Taxes, remuneration and social security | 45 | €19,397 | €31,779 | +€12,383 | +63.8% |
| Taxes | 450/3 | €19,397 | €31,779 | +€12,383 | +63.8% |
| Other amounts payable | 47/48 | €340,874 | €388,294 | +€47,421 | +13.9% |
| Accrued charges and deferred income | 492/3 | €2,016 | €1,386 | -€629 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,337 | €39,877 | +€540 | +1.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,701 | €21,878 | +€27,579 | |
| Other operating charges | 640/8 | €1,670 | €817 | -€853 | -51.1% |
| Gross operating margin | 9900 | €365,489 | €445,245 | +€79,757 | +21.8% |
| Operating profit (loss) | 9901 | €330,183 | €382,674 | +€52,491 | +15.9% |
| Financial income | 75/76B | €2,674 | €3,691 | +€1,017 | +38.0% |
| Recurring financial income | 75 | €2,674 | €3,691 | +€1,017 | +38.0% |
| Financial charges | 65/66B | €128,094 | €115,330 | -€12,764 | -10.0% |
| Recurring financial charges | 65 | €128,094 | €115,330 | -€12,764 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €204,763 | €271,034 | +€66,271 | +32.4% |
| Income taxes | 67/77 | €61,099 | €88,787 | +€27,688 | +45.3% |
| Profit (loss) for the period | 9904 | €143,664 | €182,248 | +€38,583 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €143,664 | €182,248 | +€38,583 | +26.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.