CARAT D'ELLES: 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 D'ELLES
Largest movements
- Stocks and contracts +€11,550
up €11,550 (+6.4%), from €179,762 to €191,312
- Tangible fixed assets -€8,786
down €8,786 (-41.3%), from €21,291 to €12,505
of which Plant, machinery and equipment: -€7,432
- Receivables within one year -€4,198
down €4,198 (-48.4%), from €8,680 to €4,482
of which Trade receivables: -€3,631
- Tax, wage and social debts -€6,603
down €6,603 (-65.3%), from €10,116 to €3,513
- Profit (loss) carried forward +€4,405
up €4,405 (+40.2%), from €10,952 to €15,357
- Debts after one year -€2,237
down €2,237 (-41.4%), from €5,407 to €3,169
- Gross operating margin -€12,853
down €12,853 (-44.1%), from €29,119 to €16,266
- Depreciation -€3,448
down €3,448 (-28.6%), from €12,046 to €8,598
- Taxes -€1,691
down €1,691 (-52.7%), from €3,209 to €1,518
- Financial charges -€932
down €932 (-48.8%), from €1,910 to €978
of which Financial charges: -€709
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 | €220,011 | €216,462 | -€3,549 | -1.6% |
| Fixed assets | 21/28 | €21,291 | €12,505 | -€8,786 | -41.3% |
| Tangible fixed assets | 22/27 | €21,291 | €12,505 | -€8,786 | -41.3% |
| Plant, machinery and equipment | 23 | €18,414 | €10,982 | -€7,432 | -40.4% |
| Furniture and vehicles | 24 | €1,365 | €432 | -€932 | -68.3% |
| Other tangible fixed assets | 26 | €1,513 | €1,091 | -€422 | -27.9% |
| Current assets | 29/58 | €198,719 | €203,957 | +€5,238 | +2.6% |
| Stocks and contracts in progress | 3 | €179,762 | €191,312 | +€11,550 | +6.4% |
| Stocks | 30/36 | €179,762 | €191,312 | +€11,550 | +6.4% |
| Amounts receivable within one year | 40/41 | €8,680 | €4,482 | -€4,198 | -48.4% |
| Trade receivables | 40 | €8,114 | €4,482 | -€3,631 | -44.8% |
| Other amounts receivable | 41 | €567 | - | -€567 | |
| Cash at bank and in hand | 54/58 | €5,101 | €3,303 | -€1,798 | -35.3% |
| Deferred charges and accrued income | 490/1 | €5,175 | €4,859 | -€316 | -6.1% |
| Total equity and liabilities | 10/49 | €220,011 | €216,462 | -€3,549 | -1.6% |
| Equity | 10/15 | €196,870 | €201,292 | +€4,421 | +2.2% |
| Contributions | 10/11 | €185,919 | €185,919 | = | 0.0% |
| Reserves | 13 | - | €16 | +€16 | |
| Tax-exempt reserves | 132 | - | €16 | +€16 | |
| Profit (loss) carried forward | 14 | €10,952 | €15,357 | +€4,405 | +40.2% |
| Amounts payable | 17/49 | €23,140 | €15,170 | -€7,970 | -34.4% |
| Amounts payable after more than one year | 17 | €5,407 | €3,169 | -€2,237 | -41.4% |
| Financial debts | 170/4 | €5,407 | €3,169 | -€2,237 | -41.4% |
| Amounts payable within one year | 42/48 | €17,730 | €11,963 | -€5,767 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €2,237 | €2,237 | = | 0.0% |
| Trade debts | 44 | €5,377 | €4,562 | -€815 | -15.2% |
| Suppliers | 440/4 | €5,377 | €4,562 | -€815 | -15.2% |
| Taxes, remuneration and social security | 45 | €10,116 | €3,513 | -€6,603 | -65.3% |
| Taxes | 450/3 | €10,116 | €3,513 | -€6,603 | -65.3% |
| Other amounts payable | 47/48 | - | €1,651 | +€1,651 | |
| Accrued charges and deferred income | 492/3 | €3 | €38 | +€35 | +1,100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,046 | €8,598 | -€3,448 | -28.6% |
| Other operating charges | 640/8 | €497 | €766 | +€269 | +54.1% |
| Non-recurring operating charges | 66A | €550 | - | -€550 | |
| Gross operating margin | 9900 | €29,119 | €16,266 | -€12,853 | -44.1% |
| Operating profit (loss) | 9901 | €16,026 | €6,902 | -€9,123 | -56.9% |
| Financial income | 75/76B | €45 | €15 | -€30 | -66.9% |
| Recurring financial income | 75 | €45 | €15 | -€30 | -66.9% |
| Financial charges | 65/66B | €1,910 | €978 | -€932 | -48.8% |
| Recurring financial charges | 65 | €1,688 | €978 | -€709 | -42.0% |
| Non-recurring financial charges | 66B | €223 | - | -€223 | |
| Profit (loss) for the period before taxes | 9903 | €14,161 | €5,939 | -€8,222 | -58.1% |
| Income taxes | 67/77 | €3,209 | €1,518 | -€1,691 | -52.7% |
| Profit (loss) for the period | 9904 | €10,952 | €4,421 | -€6,531 | -59.6% |
| Transfer to tax-exempt reserves | 689 | - | €16 | +€16 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,952 | €4,405 | -€6,547 | -59.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.