Carat Creations: 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.
Carat Creations
Largest movements
- Tangible fixed assets -€10,296
down €10,296 (-4.0%), from €255,350 to €245,055
of which Land and buildings: -€9,545
- Other debts -€9,769
down €9,769 (-41.0%), from €23,812 to €14,043
- Tax, wage and social debts +€9,387
up €9,387 (+41.9%), from €22,400 to €31,786
of which Taxes: +€9,868
- Reserves -€8,907
down €8,907 (-6.0%), from €149,020 to €140,114
- Debts after one year -€8,021
down €8,021 (-6.0%), from €134,796 to €126,775
- Trade debts +€6,989
up €6,989 (+363%), from €1,927 to €8,916
- Gross operating margin -€57,409
down €57,409 (-45.1%), from €127,310 to €69,901
- Taxes +€16,123
up €16,123 (+198%), from €8,136 to €24,259
- Financial charges +€12,355
up €12,355 (+172%), from €7,203 to €19,557
- Depreciation +€3,400
up €3,400 (+11.8%), from €28,907 to €32,307
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 | €345,374 | €329,814 | -€15,560 | -4.5% |
| Fixed assets | 21/28 | €255,350 | €245,055 | -€10,296 | -4.0% |
| Tangible fixed assets | 22/27 | €255,350 | €245,055 | -€10,296 | -4.0% |
| Land and buildings | 22 | €240,647 | €231,102 | -€9,545 | -4.0% |
| Plant, machinery and equipment | 23 | €6,140 | €11,811 | +€5,670 | +92.3% |
| Furniture and vehicles | 24 | €8,563 | €2,142 | -€6,421 | -75.0% |
| Current assets | 29/58 | €90,023 | €84,759 | -€5,264 | -5.8% |
| Amounts receivable within one year | 40/41 | €69,599 | €67,173 | -€2,426 | -3.5% |
| Trade receivables | 40 | €68,074 | €63,173 | -€4,901 | -7.2% |
| Other amounts receivable | 41 | €1,525 | €4,000 | +€2,475 | +162% |
| Cash at bank and in hand | 54/58 | €20,424 | €17,586 | -€2,837 | -13.9% |
| Total equity and liabilities | 10/49 | €345,374 | €329,814 | -€15,560 | -4.5% |
| Equity | 10/15 | €149,020 | €140,114 | -€8,907 | -6.0% |
| Reserves | 13 | €149,020 | €140,114 | -€8,907 | -6.0% |
| Distributable reserves | 133 | €149,020 | €140,114 | -€8,907 | -6.0% |
| Amounts payable | 17/49 | €196,353 | €189,700 | -€6,653 | -3.4% |
| Amounts payable after more than one year | 17 | €134,796 | €126,775 | -€8,021 | -6.0% |
| Financial debts | 170/4 | €134,796 | €126,775 | -€8,021 | -6.0% |
| Amounts payable within one year | 42/48 | €61,558 | €62,766 | +€1,209 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €13,419 | €8,021 | -€5,398 | -40.2% |
| Trade debts | 44 | €1,927 | €8,916 | +€6,989 | +363% |
| Suppliers | 440/4 | €1,927 | €8,916 | +€6,989 | +363% |
| Taxes, remuneration and social security | 45 | €22,400 | €31,786 | +€9,387 | +41.9% |
| Taxes | 450/3 | €20,280 | €30,148 | +€9,868 | +48.7% |
| Remuneration and social security | 454/9 | €2,120 | €1,638 | -€482 | -22.7% |
| Other amounts payable | 47/48 | €23,812 | €14,043 | -€9,769 | -41.0% |
| Accrued charges and deferred income | 492/3 | - | €159 | +€159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,907 | €32,307 | +€3,400 | +11.8% |
| Other operating charges | 640/8 | €2,538 | €1,285 | -€1,253 | -49.4% |
| Non-recurring operating charges | 66A | - | €1,400 | +€1,400 | |
| Gross operating margin | 9900 | €127,310 | €69,901 | -€57,409 | -45.1% |
| Operating profit (loss) | 9901 | €95,865 | €34,910 | -€60,955 | -63.6% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €7,203 | €19,557 | +€12,355 | +172% |
| Recurring financial charges | 65 | €7,203 | €19,557 | +€12,355 | +172% |
| Profit (loss) for the period before taxes | 9903 | €88,677 | €15,352 | -€73,325 | -82.7% |
| Income taxes | 67/77 | €8,136 | €24,259 | +€16,123 | +198% |
| Profit (loss) for the period | 9904 | €80,541 | -€8,907 | -€89,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,541 | -€8,907 | -€89,448 |
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.