CARBO METALS: 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 METALS
Largest movements
- Stocks and contracts -€759,529
down €759,529 (-49.6%), from €1.5m to €771,427
- Tangible fixed assets +€725,252
up €725,252 (+129%), from €562,349 to €1.3m
of which Land and buildings: +€735,954
- Cash -€191,416
down €191,416 (-50.7%), from €377,240 to €185,824
mainly Investment in fixed assets (net) (-€808,425) and Trade debts (-€545,183)
- Receivables within one year -€182,977
down €182,977 (-8.0%), from €2.3m to €2.1m
of which Trade receivables: -€199,912
- Trade debts -€545,183
down €545,183 (-52.7%), from €1.0m to €488,854
- Short-term financial debts +€197,989
up €197,989 (+25.6%), from €773,134 to €971,123
- Tax, wage and social debts -€173,436
down €173,436 (-52.0%), from €333,457 to €160,021
of which Taxes: -€171,498
- Profit (loss) carried forward +€168,340
up €168,340 (+13.5%), from €1.3m to €1.4m
- Accrued charges and deferred income -€146,890
down €146,890 (-88.5%), from €166,019 to €19,130
- Gross operating margin +€131,123
up €131,123 (+28.1%), from €466,346 to €597,469
- Staff costs +€50,467
up €50,467 (+1,993%), from €2,532 to €53,000
- Depreciation +€36,085
up €36,085 (+76.6%), from €47,088 to €83,173
- Financial charges -€33,987
down €33,987 (-15.8%), from €215,574 to €181,587
of which Non-recurring financial charges: -€47,348
- Financial income -€23,441
down €23,441 (-80.5%), from €29,109 to €5,669
of which Non-recurring financial income: -€12,000
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 | €4,756,323 | €4,355,412 | -€400,911 | -8.4% |
| Fixed assets | 21/28 | €562,349 | €1,287,601 | +€725,252 | +129% |
| Tangible fixed assets | 22/27 | €562,349 | €1,287,601 | +€725,252 | +129% |
| Land and buildings | 22 | €534,787 | €1,270,741 | +€735,954 | +138% |
| Plant, machinery and equipment | 23 | €6,111 | €3,608 | -€2,503 | -41.0% |
| Furniture and vehicles | 24 | €21,450 | €13,252 | -€8,198 | -38.2% |
| Current assets | 29/58 | €4,193,975 | €3,067,811 | -€1.1m | -26.9% |
| Stocks and contracts in progress | 3 | €1,530,957 | €771,427 | -€759,529 | -49.6% |
| Stocks | 30/36 | €1,530,957 | €771,427 | -€759,529 | -49.6% |
| Amounts receivable within one year | 40/41 | €2,282,333 | €2,099,357 | -€182,977 | -8.0% |
| Trade receivables | 40 | €2,084,595 | €1,884,683 | -€199,912 | -9.6% |
| Other amounts receivable | 41 | €197,739 | €214,674 | +€16,935 | +8.6% |
| Cash at bank and in hand | 54/58 | €377,240 | €185,824 | -€191,416 | -50.7% |
| Deferred charges and accrued income | 490/1 | €3,444 | €11,203 | +€7,759 | +225% |
| Total equity and liabilities | 10/49 | €4,756,323 | €4,355,412 | -€400,911 | -8.4% |
| Equity | 10/15 | €1,405,305 | €1,575,865 | +€170,560 | +12.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,080 | €3,300 | +€2,220 | +206% |
| Reserves | 13 | €139,000 | €139,000 | = | 0.0% |
| Distributable reserves | 133 | €139,000 | €139,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,250,225 | €1,418,565 | +€168,340 | +13.5% |
| Amounts payable | 17/49 | €3,351,018 | €2,779,547 | -€571,471 | -17.1% |
| Amounts payable after more than one year | 17 | €810,617 | €951,622 | +€141,005 | +17.4% |
| Financial debts | 170/4 | €810,617 | €951,622 | +€141,005 | +17.4% |
| Amounts payable within one year | 42/48 | €2,374,382 | €1,808,795 | -€565,587 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €222,511 | €182,796 | -€39,715 | -17.8% |
| Financial debts | 43 | €773,134 | €971,123 | +€197,989 | +25.6% |
| Credit institutions | 430/8 | €773,134 | €971,123 | +€197,989 | +25.6% |
| Trade debts | 44 | €1,034,037 | €488,854 | -€545,183 | -52.7% |
| Suppliers | 440/4 | €1,034,037 | €488,854 | -€545,183 | -52.7% |
| Advances received on contracts in progress | 46 | €11,242 | €6,000 | -€5,242 | -46.6% |
| Taxes, remuneration and social security | 45 | €333,457 | €160,021 | -€173,436 | -52.0% |
| Taxes | 450/3 | €328,081 | €156,583 | -€171,498 | -52.3% |
| Remuneration and social security | 454/9 | €5,376 | €3,438 | -€1,938 | -36.0% |
| Accrued charges and deferred income | 492/3 | €166,019 | €19,130 | -€146,890 | -88.5% |
| Remuneration, social security and pensions | 62 | €2,532 | €53,000 | +€50,467 | +1,993% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,088 | €83,173 | +€36,085 | +76.6% |
| Other operating charges | 640/8 | €24,180 | €35,889 | +€11,709 | +48.4% |
| Non-recurring operating charges | 66A | €20,800 | €6,296 | -€14,504 | -69.7% |
| Gross operating margin | 9900 | €466,346 | €597,469 | +€131,123 | +28.1% |
| Operating profit (loss) | 9901 | €371,746 | €419,111 | +€47,365 | +12.7% |
| Financial income | 75/76B | €29,109 | €5,669 | -€23,441 | -80.5% |
| Recurring financial income | 75 | €17,109 | €5,669 | -€11,441 | -66.9% |
| Non-recurring financial income | 76B | €12,000 | - | -€12,000 | |
| Financial charges | 65/66B | €215,574 | €181,587 | -€33,987 | -15.8% |
| Recurring financial charges | 65 | €168,226 | €181,587 | +€13,361 | +7.9% |
| Non-recurring financial charges | 66B | €47,348 | - | -€47,348 | |
| Profit (loss) for the period before taxes | 9903 | €185,281 | €243,192 | +€57,911 | +31.3% |
| Income taxes | 67/77 | €55,609 | €74,852 | +€19,243 | +34.6% |
| Profit (loss) for the period | 9904 | €129,672 | €168,340 | +€38,668 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €129,672 | €168,340 | +€38,668 | +29.8% |
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 25 October 2026 via checked.be.