CARBO MANAGEMENT: 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.
CARBO MANAGEMENT
Largest movements
- Receivables within one year +€68,245
up €68,245 (+208%), from €32,857 to €101,102
of which Trade receivables: +€78,000
- Tangible fixed assets -€13,267
down €13,267 (-12.6%), from €105,662 to €92,395
of which Other tangible fixed assets: -€12,050
- Cash +€7,518
up €7,518 (+12.3%), from €61,035 to €68,552
mainly Net result for the year (+€91,350) and Other debts (+€65,284)
- Other debts +€65,284
up €65,284 (+42.8%), from €152,674 to €217,958
- Financial income -€126,261
down €126,261 (-100%), from €126,261 to €0
- Gross operating margin +€60,633
up €60,633 (+59.0%), from €102,750 to €163,383
- Taxes +€15,891
up €15,891 (+88.6%), from €17,927 to €33,818
- Financial charges +€4,176
up €4,176 (+23.5%), from €17,778 to €21,954
- Depreciation +€2,196
up €2,196 (+19.8%), from €11,072 to €13,267
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 | €203,541 | €267,369 | +€63,828 | +31.4% |
| Fixed assets | 21/28 | €108,617 | €95,350 | -€13,267 | -12.2% |
| Tangible fixed assets | 22/27 | €105,662 | €92,395 | -€13,267 | -12.6% |
| Land and buildings | 22 | €8,830 | €8,605 | -€226 | -2.6% |
| Furniture and vehicles | 24 | €1,394 | €402 | -€992 | -71.2% |
| Other tangible fixed assets | 26 | €95,438 | €83,388 | -€12,050 | -12.6% |
| Financial fixed assets | 28 | €2,955 | €2,955 | = | 0.0% |
| Current assets | 29/58 | €94,924 | €172,020 | +€77,095 | +81.2% |
| Amounts receivable within one year | 40/41 | €32,857 | €101,102 | +€68,245 | +208% |
| Trade receivables | 40 | - | €78,000 | +€78,000 | |
| Other amounts receivable | 41 | €32,857 | €23,102 | -€9,755 | -29.7% |
| Cash at bank and in hand | 54/58 | €61,035 | €68,552 | +€7,518 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,033 | €2,365 | +€1,332 | +129% |
| Total equity and liabilities | 10/49 | €203,541 | €267,369 | +€63,828 | +31.4% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,081 | €248,769 | +€65,688 | +35.9% |
| Amounts payable within one year | 42/48 | €183,081 | €248,769 | +€65,688 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,507 | €1,701 | +€194 | +12.8% |
| Suppliers | 440/4 | €1,507 | €1,701 | +€194 | +12.8% |
| Taxes, remuneration and social security | 45 | €28,900 | €29,110 | +€210 | +0.7% |
| Taxes | 450/3 | €28,900 | €27,867 | -€1,033 | -3.6% |
| Remuneration and social security | 454/9 | - | €1,243 | +€1,243 | |
| Other amounts payable | 47/48 | €152,674 | €217,958 | +€65,284 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,072 | €13,267 | +€2,196 | +19.8% |
| Other operating charges | 640/8 | €4,289 | €2,994 | -€1,295 | -30.2% |
| Gross operating margin | 9900 | €102,750 | €163,383 | +€60,633 | +59.0% |
| Operating profit (loss) | 9901 | €87,390 | €147,122 | +€59,732 | +68.4% |
| Financial income | 75/76B | €126,261 | €0 | -€126,261 | -100% |
| Recurring financial income | 75 | €126,261 | €0 | -€126,261 | -100% |
| Financial charges | 65/66B | €17,778 | €21,954 | +€4,176 | +23.5% |
| Recurring financial charges | 65 | €17,778 | €21,954 | +€4,176 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €195,873 | €125,168 | -€70,705 | -36.1% |
| Income taxes | 67/77 | €17,927 | €33,818 | +€15,891 | +88.6% |
| Profit (loss) for the period | 9904 | €177,946 | €91,350 | -€86,596 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €177,946 | €91,350 | -€86,596 | -48.7% |
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 30 October 2026 via checked.be.