CARBON CONCEPT: 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.
CARBON CONCEPT
Largest movements
- Cash -€32,766
down €32,766 (-55.8%), from €58,765 to €25,999
mainly Contributions, distributions and other (-€30,000) and Stocks and contracts (-€16,785)
- Stocks and contracts +€16,785
up €16,785 (+32.0%), from €52,401 to €69,186
- Tangible fixed assets -€15,953
down €15,953 (-24.4%), from €65,498 to €49,545
of which Furniture and vehicles: -€12,906
- Receivables within one year -€8,453
down €8,453 (-25.2%), from €33,609 to €25,155
of which Trade receivables: -€6,300
- Reserves -€14,060
down €14,060 (-14.1%), from €99,373 to €85,313
of which Distributable reserves: -€14,060
- Debts after one year -€8,856
down €8,856 (-28.5%), from €31,059 to €22,203
- Advances received -€8,244
down €8,244 (-78.2%), from €10,544 to €2,300
- Trade debts -€7,340
down €7,340 (-71.1%), from €10,324 to €2,984
- Tax, wage and social debts -€4,022
down €4,022 (-89.4%), from €4,500 to €478
- Gross operating margin -€44,621
down €44,621 (-52.4%), from €85,192 to €40,571
- Taxes -€8,770
down €8,770 (-58.1%), from €15,103 to €6,333
- Other operating charges -€4,741
down €4,741 (-67.5%), from €7,019 to €2,278
- Depreciation +€3,150
up €3,150 (+24.6%), from €12,803 to €15,953
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 | €212,865 | €171,650 | -€41,215 | -19.4% |
| Fixed assets | 21/28 | €65,498 | €49,545 | -€15,953 | -24.4% |
| Tangible fixed assets | 22/27 | €65,498 | €49,545 | -€15,953 | -24.4% |
| Plant, machinery and equipment | 23 | €2,474 | €1,801 | -€673 | -27.2% |
| Furniture and vehicles | 24 | €53,898 | €40,991 | -€12,906 | -23.9% |
| Leasing and similar rights | 25 | €5,030 | €3,820 | -€1,210 | -24.1% |
| Other tangible fixed assets | 26 | €4,097 | €2,933 | -€1,164 | -28.4% |
| Current assets | 29/58 | €147,367 | €122,105 | -€25,262 | -17.1% |
| Stocks and contracts in progress | 3 | €52,401 | €69,186 | +€16,785 | +32.0% |
| Stocks | 30/36 | €52,401 | €69,186 | +€16,785 | +32.0% |
| Amounts receivable within one year | 40/41 | €33,609 | €25,155 | -€8,453 | -25.2% |
| Trade receivables | 40 | €22,709 | €16,409 | -€6,300 | -27.7% |
| Other amounts receivable | 41 | €10,900 | €8,746 | -€2,153 | -19.8% |
| Cash at bank and in hand | 54/58 | €58,765 | €25,999 | -€32,766 | -55.8% |
| Deferred charges and accrued income | 490/1 | €2,592 | €1,765 | -€828 | -31.9% |
| Total equity and liabilities | 10/49 | €212,865 | €171,650 | -€41,215 | -19.4% |
| Equity | 10/15 | €117,973 | €103,913 | -€14,060 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,373 | €85,313 | -€14,060 | -14.1% |
| Non-distributable reserves | 130/1 | €60 | €60 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60 | €60 | = | 0.0% |
| Distributable reserves | 133 | €99,313 | €85,253 | -€14,060 | -14.2% |
| Amounts payable | 17/49 | €94,892 | €67,737 | -€27,155 | -28.6% |
| Amounts payable after more than one year | 17 | €31,059 | €22,203 | -€8,856 | -28.5% |
| Financial debts | 170/4 | €31,059 | €22,203 | -€8,856 | -28.5% |
| Amounts payable within one year | 42/48 | €63,833 | €45,534 | -€18,299 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €9,497 | €8,856 | -€641 | -6.7% |
| Trade debts | 44 | €10,324 | €2,984 | -€7,340 | -71.1% |
| Suppliers | 440/4 | €10,324 | €2,984 | -€7,340 | -71.1% |
| Advances received on contracts in progress | 46 | €10,544 | €2,300 | -€8,244 | -78.2% |
| Taxes, remuneration and social security | 45 | €4,500 | €478 | -€4,022 | -89.4% |
| Taxes | 450/3 | €4,500 | €478 | -€4,022 | -89.4% |
| Other amounts payable | 47/48 | €28,968 | €30,915 | +€1,948 | +6.7% |
| Remuneration, social security and pensions | 62 | €258 | €264 | +€5 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,803 | €15,953 | +€3,150 | +24.6% |
| Other operating charges | 640/8 | €7,019 | €2,278 | -€4,741 | -67.5% |
| Gross operating margin | 9900 | €85,192 | €40,571 | -€44,621 | -52.4% |
| Operating profit (loss) | 9901 | €65,111 | €22,076 | -€43,036 | -66.1% |
| Financial income | 75/76B | €2,110 | €1,938 | -€173 | -8.2% |
| Recurring financial income | 75 | €2,110 | €1,938 | -€173 | -8.2% |
| Financial charges | 65/66B | €1,526 | €1,741 | +€214 | +14.0% |
| Recurring financial charges | 65 | €1,526 | €1,741 | +€214 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €65,695 | €22,273 | -€43,423 | -66.1% |
| Income taxes | 67/77 | €15,103 | €6,333 | -€8,770 | -58.1% |
| Profit (loss) for the period | 9904 | €50,592 | €15,940 | -€34,653 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,592 | €15,940 | -€34,653 | -68.5% |
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 20 October 2026 via checked.be.