CARBACO: 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.
CARBACO
Largest movements
- Cash +€75,480
up €75,480 (+93.2%), from €80,964 to €156,444
mainly Net result for the year (+€157,445) and Depreciation (+€41,254)
- Receivables within one year +€47,455
up €47,455 (+593%), from €8,000 to €55,455
of which Trade receivables: +€51,113
- Tangible fixed assets +€20,103
up €20,103 (+9.3%), from €215,464 to €235,567
of which Leasing and similar rights: +€51,939
- Reserves +€157,000
up €157,000 (+141%), from €111,000 to €268,000
- Other debts -€43,190
down €43,190 (-82.3%), from €52,485 to €9,295
- Debts after one year +€17,340
up €17,340 (+26.6%), from €65,102 to €82,443
- Current portion of long-term debt +€11,184
up €11,184 (+59.0%), from €18,970 to €30,154
- Depreciation +€12,232
up €12,232 (+42.1%), from €29,023 to €41,254
- Taxes -€4,869
down €4,869 (-9.6%), from €50,527 to €45,658
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 | €305,556 | €449,623 | +€144,067 | +47.1% |
| Fixed assets | 21/28 | €215,464 | €235,567 | +€20,103 | +9.3% |
| Tangible fixed assets | 22/27 | €215,464 | €235,567 | +€20,103 | +9.3% |
| Land and buildings | 22 | €113,750 | €106,856 | -€6,894 | -6.1% |
| Plant, machinery and equipment | 23 | €3,194 | €364 | -€2,831 | -88.6% |
| Furniture and vehicles | 24 | €98,520 | €76,409 | -€22,111 | -22.4% |
| Leasing and similar rights | 25 | - | €51,939 | +€51,939 | |
| Current assets | 29/58 | €90,092 | €214,056 | +€123,964 | +138% |
| Amounts receivable within one year | 40/41 | €8,000 | €55,455 | +€47,455 | +593% |
| Trade receivables | 40 | €0 | €51,113 | +€51,113 | |
| Other amounts receivable | 41 | €8,000 | €4,342 | -€3,658 | -45.7% |
| Cash at bank and in hand | 54/58 | €80,964 | €156,444 | +€75,480 | +93.2% |
| Deferred charges and accrued income | 490/1 | €1,128 | €2,157 | +€1,029 | +91.2% |
| Total equity and liabilities | 10/49 | €305,556 | €449,623 | +€144,067 | +47.1% |
| Equity | 10/15 | €129,618 | €287,063 | +€157,445 | +121% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,000 | €268,000 | +€157,000 | +141% |
| Distributable reserves | 133 | €111,000 | €268,000 | +€157,000 | +141% |
| Profit (loss) carried forward | 14 | €18 | €463 | +€445 | +2,535% |
| Amounts payable | 17/49 | €175,938 | €162,560 | -€13,378 | -7.6% |
| Amounts payable after more than one year | 17 | €65,102 | €82,443 | +€17,340 | +26.6% |
| Financial debts | 170/4 | €65,102 | €82,443 | +€17,340 | +26.6% |
| Amounts payable within one year | 42/48 | €110,836 | €80,118 | -€30,718 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €18,970 | €30,154 | +€11,184 | +59.0% |
| Financial debts | 43 | €5,079 | €8,440 | +€3,361 | +66.2% |
| Credit institutions | 430/8 | €5,079 | €8,440 | +€3,361 | +66.2% |
| Trade debts | 44 | €6,871 | €6,851 | -€19 | -0.3% |
| Suppliers | 440/4 | €6,871 | €6,851 | -€19 | -0.3% |
| Taxes, remuneration and social security | 45 | €27,432 | €25,377 | -€2,055 | -7.5% |
| Taxes | 450/3 | €27,432 | €25,377 | -€2,055 | -7.5% |
| Other amounts payable | 47/48 | €52,485 | €9,295 | -€43,190 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,023 | €41,254 | +€12,232 | +42.1% |
| Other operating charges | 640/8 | €1,828 | €1,809 | -€20 | -1.1% |
| Gross operating margin | 9900 | €252,178 | €250,325 | -€1,853 | -0.7% |
| Operating profit (loss) | 9901 | €221,327 | €207,262 | -€14,065 | -6.4% |
| Financial income | 75/76B | €56 | €32 | -€24 | -42.0% |
| Recurring financial income | 75 | €56 | €32 | -€24 | -42.0% |
| Financial charges | 65/66B | €4,135 | €4,191 | +€56 | +1.4% |
| Recurring financial charges | 65 | €4,135 | €4,191 | +€56 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €217,248 | €203,104 | -€14,145 | -6.5% |
| Income taxes | 67/77 | €50,527 | €45,658 | -€4,869 | -9.6% |
| Profit (loss) for the period | 9904 | €166,721 | €157,445 | -€9,276 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €166,721 | €157,445 | -€9,276 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.