CARBON GROUP: 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 GROUP
Largest movements
- Deferred charges and accrued income +€15,344
up €15,344 (+3,199%), from €480 to €15,824
- Cash -€12,525
down €12,525 (-11.1%), from €113,330 to €100,805
mainly Contributions, distributions and other (-€160,000) and Investment in fixed assets (net) (-€17,116)
- Receivables within one year -€11,240
down €11,240 (-38.2%), from €29,404 to €18,164
of which Trade receivables: -€11,851
- Tangible fixed assets +€6,529
up €6,529 (+28.0%), from €23,305 to €29,834
of which Furniture and vehicles: +€9,424
- Stocks and contracts +€2,385
up €2,385 (+69.3%), from €3,440 to €5,825
- Profit (loss) carried forward -€77,640
down €77,640 (-60.9%), from €127,534 to €49,894
- Other debts +€67,440
up €67,440 (+12,043%), from €560 to €68,000
- Tax, wage and social debts +€9,943
up €9,943 (+50.3%), from €19,758 to €29,701
of which Taxes: +€7,770
- Trade debts +€5,578
up €5,578 (+75.2%), from €7,420 to €12,998
- Debts after one year -€5,263
down €5,263 (-92.1%), from €5,715 to €452
- Gross operating margin +€55,681
up €55,681 (+54.6%), from €101,944 to €157,625
- Staff costs +€19,845
new in 2025: €19,845
- Taxes +€12,121
up €12,121 (+65.8%), from €18,407 to €30,528
- Depreciation +€3,788
up €3,788 (+55.7%), from €6,799 to €10,587
- Other operating charges +€3,181
up €3,181 (+71.7%), from €4,438 to €7,619
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 | €172,958 | €173,452 | +€494 | +0.3% |
| Fixed assets | 21/28 | €26,305 | €32,834 | +€6,529 | +24.8% |
| Tangible fixed assets | 22/27 | €23,305 | €29,834 | +€6,529 | +28.0% |
| Plant, machinery and equipment | 23 | €11,579 | €8,684 | -€2,895 | -25.0% |
| Furniture and vehicles | 24 | €11,725 | €21,149 | +€9,424 | +80.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €146,653 | €140,618 | -€6,035 | -4.1% |
| Stocks and contracts in progress | 3 | €3,440 | €5,825 | +€2,385 | +69.3% |
| Stocks | 30/36 | €3,440 | €5,825 | +€2,385 | +69.3% |
| Amounts receivable within one year | 40/41 | €29,404 | €18,164 | -€11,240 | -38.2% |
| Trade receivables | 40 | €16,873 | €5,023 | -€11,851 | -70.2% |
| Other amounts receivable | 41 | €12,531 | €13,141 | +€611 | +4.9% |
| Cash at bank and in hand | 54/58 | €113,330 | €100,805 | -€12,525 | -11.1% |
| Deferred charges and accrued income | 490/1 | €480 | €15,824 | +€15,344 | +3,199% |
| Total equity and liabilities | 10/49 | €172,958 | €173,452 | +€494 | +0.3% |
| Equity | 10/15 | €134,534 | €56,894 | -€77,640 | -57.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,534 | €49,894 | -€77,640 | -60.9% |
| Amounts payable | 17/49 | €38,424 | €116,558 | +€78,134 | +203% |
| Amounts payable after more than one year | 17 | €5,715 | €452 | -€5,263 | -92.1% |
| Financial debts | 170/4 | €5,715 | €452 | -€5,263 | -92.1% |
| Amounts payable within one year | 42/48 | €32,709 | €116,106 | +€83,397 | +255% |
| Financial debts | 43 | €4,971 | €5,407 | +€436 | +8.8% |
| Credit institutions | 430/8 | €4,971 | €5,407 | +€436 | +8.8% |
| Trade debts | 44 | €7,420 | €12,998 | +€5,578 | +75.2% |
| Suppliers | 440/4 | €7,420 | €12,998 | +€5,578 | +75.2% |
| Taxes, remuneration and social security | 45 | €19,758 | €29,701 | +€9,943 | +50.3% |
| Taxes | 450/3 | €19,758 | €27,528 | +€7,770 | +39.3% |
| Remuneration and social security | 454/9 | €0 | €2,172 | +€2,172 | |
| Other amounts payable | 47/48 | €560 | €68,000 | +€67,440 | +12,043% |
| Remuneration, social security and pensions | 62 | - | €19,845 | +€19,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,799 | €10,587 | +€3,788 | +55.7% |
| Other operating charges | 640/8 | €4,438 | €7,619 | +€3,181 | +71.7% |
| Non-recurring operating charges | 66A | - | €5,090 | +€5,090 | |
| Gross operating margin | 9900 | €101,944 | €157,625 | +€55,681 | +54.6% |
| Operating profit (loss) | 9901 | €90,708 | €114,484 | +€23,776 | +26.2% |
| Financial income | 75/76B | €424 | €669 | +€245 | +57.9% |
| Recurring financial income | 75 | €424 | €669 | +€245 | +57.9% |
| Financial charges | 65/66B | €1,659 | €2,265 | +€605 | +36.5% |
| Recurring financial charges | 65 | €1,659 | €2,265 | +€605 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €89,472 | €112,888 | +€23,416 | +26.2% |
| Income taxes | 67/77 | €18,407 | €30,528 | +€12,121 | +65.8% |
| Profit (loss) for the period | 9904 | €71,065 | €82,360 | +€11,295 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,065 | €82,360 | +€11,295 | +15.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.