CARANTOS: 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.
CARANTOS
Largest movements
- Stocks and contracts +€82,902
up €82,902 (+21.6%), from €384,031 to €466,933
- Cash +€51,445
up €51,445 (+41.4%), from €124,218 to €175,663
mainly Debts after one year (+€189,075) and Net result for the year (+€98,468)
- Receivables within one year -€30,965
down €30,965 (-9.3%), from €331,868 to €300,904
of which Other amounts receivable: -€17,839
- Other debts -€202,492
down €202,492 (-41.0%), from €494,311 to €291,818
- Debts after one year +€189,075
up €189,075 (+105%), from €180,751 to €369,826
of which Other amounts payable: +€200,680
- Reserves +€46,279
up €46,279 (+21.7%), from €213,102 to €259,381
- Trade debts +€38,020
up €38,020 (+30.8%), from €123,501 to €161,521
- Short-term financial debts +€37,876
up €37,876 (+591%), from €6,413 to €44,290
- Gross operating margin -€84,540
down €84,540 (-10.5%), from €803,801 to €719,262
- Staff costs -€32,904
down €32,904 (-6.2%), from €528,253 to €495,349
- Taxes -€8,642
down €8,642 (-18.8%), from €45,896 to €37,254
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 | €1,166,774 | €1,258,643 | +€91,869 | +7.9% |
| Fixed assets | 21/28 | €297,987 | €286,032 | -€11,956 | -4.0% |
| Intangible fixed assets | 21 | €1,214 | €521 | -€693 | -57.1% |
| Tangible fixed assets | 22/27 | €296,273 | €285,011 | -€11,263 | -3.8% |
| Plant, machinery and equipment | 23 | €34,000 | €33,537 | -€463 | -1.4% |
| Furniture and vehicles | 24 | €78,600 | €89,886 | +€11,285 | +14.4% |
| Other tangible fixed assets | 26 | €183,673 | €161,588 | -€22,085 | -12.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €868,786 | €972,611 | +€103,825 | +12.0% |
| Stocks and contracts in progress | 3 | €384,031 | €466,933 | +€82,902 | +21.6% |
| Stocks | 30/36 | €384,031 | €466,933 | +€82,902 | +21.6% |
| Amounts receivable within one year | 40/41 | €331,868 | €300,904 | -€30,965 | -9.3% |
| Trade receivables | 40 | €312,867 | €299,742 | -€13,125 | -4.2% |
| Other amounts receivable | 41 | €19,001 | €1,162 | -€17,839 | -93.9% |
| Current investments | 50/53 | €21,951 | €21,951 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,218 | €175,663 | +€51,445 | +41.4% |
| Deferred charges and accrued income | 490/1 | €6,718 | €7,161 | +€443 | +6.6% |
| Total equity and liabilities | 10/49 | €1,166,774 | €1,258,643 | +€91,869 | +7.9% |
| Equity | 10/15 | €231,652 | €277,931 | +€46,279 | +20.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €213,102 | €259,381 | +€46,279 | +21.7% |
| Distributable reserves | 133 | €213,102 | €259,381 | +€46,279 | +21.7% |
| Amounts payable | 17/49 | €935,122 | €980,712 | +€45,590 | +4.9% |
| Amounts payable after more than one year | 17 | €180,751 | €369,826 | +€189,075 | +105% |
| Financial debts | 170/4 | €180,751 | €169,146 | -€11,605 | -6.4% |
| Other amounts payable | 178/9 | - | €200,680 | +€200,680 | |
| Amounts payable within one year | 42/48 | €754,032 | €608,242 | -€145,790 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €40,241 | €44,079 | +€3,838 | +9.5% |
| Financial debts | 43 | €6,413 | €44,290 | +€37,876 | +591% |
| Credit institutions | 430/8 | €6,413 | €44,290 | +€37,876 | +591% |
| Trade debts | 44 | €123,501 | €161,521 | +€38,020 | +30.8% |
| Suppliers | 440/4 | €123,501 | €161,521 | +€38,020 | +30.8% |
| Taxes, remuneration and social security | 45 | €89,565 | €66,533 | -€23,032 | -25.7% |
| Taxes | 450/3 | €37,545 | €17,104 | -€20,440 | -54.4% |
| Remuneration and social security | 454/9 | €52,020 | €49,429 | -€2,591 | -5.0% |
| Other amounts payable | 47/48 | €494,311 | €291,818 | -€202,492 | -41.0% |
| Accrued charges and deferred income | 492/3 | €339 | €2,644 | +€2,305 | +680% |
| Remuneration, social security and pensions | 62 | €528,253 | €495,349 | -€32,904 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,315 | €57,887 | -€1,428 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €529 | -€3,241 | -€3,771 | |
| Other operating charges | 640/8 | €16,560 | €16,798 | +€238 | +1.4% |
| Non-recurring operating charges | 66A | €3,064 | €7,216 | +€4,151 | +135% |
| Gross operating margin | 9900 | €803,801 | €719,262 | -€84,540 | -10.5% |
| Operating profit (loss) | 9901 | €196,080 | €145,253 | -€50,826 | -25.9% |
| Financial income | 75/76B | €3,811 | €4,135 | +€324 | +8.5% |
| Recurring financial income | 75 | €3,811 | €4,135 | +€324 | +8.5% |
| Financial charges | 65/66B | €11,745 | €13,666 | +€1,921 | +16.4% |
| Recurring financial charges | 65 | €11,745 | €13,666 | +€1,921 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €188,145 | €135,722 | -€52,423 | -27.9% |
| Income taxes | 67/77 | €45,896 | €37,254 | -€8,642 | -18.8% |
| Profit (loss) for the period | 9904 | €142,249 | €98,468 | -€43,781 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €142,249 | €98,468 | -€43,781 | -30.8% |
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 14 October 2026 via checked.be.