CARBOMIN: 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.
CARBOMIN
Largest movements
- Stocks and contracts -€170,875
down €170,875 (-43.9%), from €389,548 to €218,673
- Receivables within one year +€102,146
up €102,146 (+97.5%), from €104,760 to €206,906
of which Trade receivables: +€118,914
- Tangible fixed assets +€93,775
up €93,775 (+10.3%), from €909,878 to €1.0m
of which Plant, machinery and equipment: +€111,569
- Cash -€14,617
down €14,617 (-55.8%), from €26,191 to €11,574
mainly Investment in fixed assets (net) (-€159,166) and Current portion of long-term debt (-€141,424)
- Current portion of long-term debt -€141,424
down €141,424 (-60.7%), from €232,845 to €91,421
- Debts after one year +€115,159
up €115,159 (+13.6%), from €848,584 to €963,743
- Trade debts +€82,106
up €82,106 (+239%), from €34,393 to €116,499
- Short-term financial debts -€52,000
no longer reported in 2025 (was €52,000)
- Gross operating margin +€188,362
up €188,362 (+172%), from €109,449 to €297,811
- Staff costs +€43,965
up €43,965 (+53.3%), from €82,556 to €126,521
- Other operating charges +€33,019
up €33,019 (+826%), from €3,997 to €37,016
- Financial charges +€21,993
up €21,993 (+66.7%), from €32,978 to €54,971
of which Financial charges: +€22,146
- Depreciation +€12,972
up €12,972 (+24.7%), from €52,419 to €65,391
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 | €1,430,489 | €1,443,868 | +€13,379 | +0.9% |
| Fixed assets | 21/28 | €909,990 | €1,003,765 | +€93,775 | +10.3% |
| Tangible fixed assets | 22/27 | €909,878 | €1,003,653 | +€93,775 | +10.3% |
| Land and buildings | 22 | €642,194 | €626,137 | -€16,057 | -2.5% |
| Plant, machinery and equipment | 23 | €248,379 | €359,948 | +€111,569 | +44.9% |
| Furniture and vehicles | 24 | €19,305 | €17,568 | -€1,737 | -9.0% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €520,499 | €440,103 | -€80,396 | -15.4% |
| Stocks and contracts in progress | 3 | €389,548 | €218,673 | -€170,875 | -43.9% |
| Stocks | 30/36 | €389,548 | €218,673 | -€170,875 | -43.9% |
| Amounts receivable within one year | 40/41 | €104,760 | €206,906 | +€102,146 | +97.5% |
| Trade receivables | 40 | €84,260 | €203,174 | +€118,914 | +141% |
| Other amounts receivable | 41 | €20,500 | €3,732 | -€16,768 | -81.8% |
| Cash at bank and in hand | 54/58 | €26,191 | €11,574 | -€14,617 | -55.8% |
| Deferred charges and accrued income | 490/1 | - | €2,950 | +€2,950 | |
| Total equity and liabilities | 10/49 | €1,430,489 | €1,443,868 | +€13,379 | +0.9% |
| Equity | 10/15 | €213,544 | €227,588 | +€14,044 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,085 | €207,129 | +€14,044 | +7.3% |
| Amounts payable | 17/49 | €1,216,945 | €1,216,280 | -€665 | -0.1% |
| Amounts payable after more than one year | 17 | €848,584 | €963,743 | +€115,159 | +13.6% |
| Financial debts | 170/4 | €848,584 | €963,743 | +€115,159 | +13.6% |
| Amounts payable within one year | 42/48 | €368,361 | €252,537 | -€115,824 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €232,845 | €91,421 | -€141,424 | -60.7% |
| Financial debts | 43 | €52,000 | - | -€52,000 | |
| Other loans | 439 | €52,000 | - | -€52,000 | |
| Trade debts | 44 | €34,393 | €116,499 | +€82,106 | +239% |
| Suppliers | 440/4 | €34,393 | €116,499 | +€82,106 | +239% |
| Taxes, remuneration and social security | 45 | €4,319 | €6,567 | +€2,248 | +52.0% |
| Taxes | 450/3 | €151 | €284 | +€133 | +88.1% |
| Remuneration and social security | 454/9 | €4,168 | €6,283 | +€2,115 | +50.7% |
| Other amounts payable | 47/48 | €44,804 | €38,050 | -€6,754 | -15.1% |
| Remuneration, social security and pensions | 62 | €82,556 | €126,521 | +€43,965 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,419 | €65,391 | +€12,972 | +24.7% |
| Other operating charges | 640/8 | €3,997 | €37,016 | +€33,019 | +826% |
| Non-recurring operating charges | 66A | - | €177 | +€177 | |
| Gross operating margin | 9900 | €109,449 | €297,811 | +€188,362 | +172% |
| Operating profit (loss) | 9901 | -€29,523 | €68,706 | +€98,229 | |
| Financial income | 75/76B | €273 | €528 | +€255 | +93.4% |
| Recurring financial income | 75 | €273 | €528 | +€255 | +93.4% |
| Financial charges | 65/66B | €32,978 | €54,971 | +€21,993 | +66.7% |
| Recurring financial charges | 65 | €32,825 | €54,971 | +€22,146 | +67.5% |
| Non-recurring financial charges | 66B | €153 | - | -€153 | |
| Profit (loss) for the period before taxes | 9903 | -€62,228 | €14,263 | +€76,491 | |
| Income taxes | 67/77 | €8,234 | €219 | -€8,015 | -97.3% |
| Profit (loss) for the period | 9904 | -€70,462 | €14,044 | +€84,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,462 | €14,044 | +€84,506 |
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 15 October 2026 via checked.be.