CARBON: what changed
Two fiscal 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.
CARBON
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-85.2%), from €2.3m to €340,103
of which Other amounts receivable: -€1.3m
- Stocks and contracts -€527,372
down €527,372 (-34.9%), from €1.5m to €985,620
- Cash +€234,189
up €234,189 (+378.8%), from €61,830 to €296,020
mainly Receivables within one year (+€2.0m) and Stocks and contracts (+€527,372)
- Tax, wage and social debts -€1.4m
down €1.4m (-96.5%), from €1.4m to €49,329
of which Taxes: -€1.4m
- Trade debts -€402,427
down €402,427 (-53.5%), from €752,878 to €350,451
- Advances received -€300,157
no longer reported in 2024 (was €300,157)
- Other debts -€221,513
down €221,513 (-26.3%), from €841,650 to €620,138
- Profit (loss) carried forward +€85,965
up €85,965 (+56.2%), from €153,053 to €239,019
- Gross operating margin +€79,283
up €79,283 (+93.3%), from €84,937 to €164,220
- Taxes +€20,467
up €20,467 (+273.2%), from €7,491 to €27,958
- Staff costs -€14,719
down €14,719 (-94.9%), from €15,517 to €797
- Depreciation -€4,575
down €4,575 (-32.2%), from €14,195 to €9,619
- Other operating charges +€3,137
up €3,137 (+20.0%), from €15,713 to €18,849
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,003,902 | €1,763,246 | -€2.2m | -56.0% |
| Formation expenses | 20 | €2,787 | €986 | -€1,800 | -64.6% |
| Fixed assets | 21/28 | €126,305 | €137,486 | +€11,181 | +8.9% |
| Tangible fixed assets | 22/27 | €126,305 | €137,486 | +€11,181 | +8.9% |
| Land and buildings | 22 | €102,977 | €115,987 | +€13,010 | +12.6% |
| Plant, machinery and equipment | 23 | €22,164 | €18,938 | -€3,227 | -14.6% |
| Furniture and vehicles | 24 | €1,164 | €2,561 | +€1,398 | +120.1% |
| Current assets | 29/58 | €3,874,810 | €1,624,774 | -€2.3m | -58.1% |
| Stocks and contracts in progress | 3 | €1,512,992 | €985,620 | -€527,372 | -34.9% |
| Stocks | 30/36 | €1,512,992 | €985,620 | -€527,372 | -34.9% |
| Amounts receivable within one year | 40/41 | €2,296,957 | €340,103 | -€2.0m | -85.2% |
| Trade receivables | 40 | €940,253 | €294,532 | -€645,722 | -68.7% |
| Other amounts receivable | 41 | €1,356,704 | €45,571 | -€1.3m | -96.6% |
| Cash at bank and in hand | 54/58 | €61,830 | €296,020 | +€234,189 | +378.8% |
| Deferred charges and accrued income | 490/1 | €3,031 | €3,031 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,003,902 | €1,763,246 | -€2.2m | -56.0% |
| Equity | 10/15 | €491,362 | €577,327 | +€85,965 | +17.5% |
| Contributions | 10/11 | €267,000 | €267,000 | = | 0.0% |
| Capital | 10 | €267,000 | €267,000 | = | 0.0% |
| Issued capital | 100 | €267,000 | €267,000 | = | 0.0% |
| Reserves | 13 | €71,308 | €71,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,380 | €31,380 | = | 0.0% |
| Legal reserve | 130 | €26,700 | €26,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,680 | €4,680 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,369 | €17,369 | = | 0.0% |
| Distributable reserves | 133 | €22,559 | €22,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,053 | €239,019 | +€85,965 | +56.2% |
| Amounts payable | 17/49 | €3,512,540 | €1,185,919 | -€2.3m | -66.2% |
| Amounts payable after more than one year | 17 | €166,001 | €115,583 | -€50,419 | -30.4% |
| Financial debts | 170/4 | €166,001 | €115,583 | -€50,419 | -30.4% |
| Amounts payable within one year | 42/48 | €3,346,539 | €1,070,336 | -€2.3m | -68.0% |
| Current portion of amounts payable after more than one year | 42 | €49,840 | €50,419 | +€578 | +1.2% |
| Trade debts | 44 | €752,878 | €350,451 | -€402,427 | -53.5% |
| Suppliers | 440/4 | €752,878 | €350,451 | -€402,427 | -53.5% |
| Advances received on contracts in progress | 46 | €300,157 | - | -€300,157 | |
| Taxes, remuneration and social security | 45 | €1,402,013 | €49,329 | -€1.4m | -96.5% |
| Taxes | 450/3 | €1,399,713 | €49,329 | -€1.4m | -96.5% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €841,650 | €620,138 | -€221,513 | -26.3% |
| Remuneration, social security and pensions | 62 | €15,517 | €797 | -€14,719 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,195 | €9,619 | -€4,575 | -32.2% |
| Other operating charges | 640/8 | €15,713 | €18,849 | +€3,137 | +20.0% |
| Non-recurring operating charges | 66A | €2,000 | €20,000 | +€18,000 | +900.0% |
| Gross operating margin | 9900 | €84,937 | €164,220 | +€79,283 | +93.3% |
| Operating profit (loss) | 9901 | €37,513 | €114,954 | +€77,440 | +206.4% |
| Financial income | 75/76B | - | €1,271 | +€1,271 | |
| Recurring financial income | 75 | - | €1,271 | +€1,271 | |
| Financial charges | 65/66B | €3,062 | €2,301 | -€761 | -24.9% |
| Recurring financial charges | 65 | €3,062 | €2,301 | -€761 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €34,451 | €113,923 | +€79,472 | +230.7% |
| Income taxes | 67/77 | €7,491 | €27,958 | +€20,467 | +273.2% |
| Profit (loss) for the period | 9904 | €26,960 | €85,965 | +€59,005 | +218.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,960 | €85,965 | +€59,005 | +218.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.