CARBONBASE: 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.
CARBONBASE
Largest movements
- Tangible fixed assets +€77,007
up €77,007 (+23.4%), from €328,619 to €405,626
of which Land and buildings: +€75,972
- Cash +€4,608
up €4,608 (+36.4%), from €12,672 to €17,279
mainly Debts after one year (+€48,452) and Other debts (+€16,883)
- Debts after one year +€48,452
up €48,452 (+17.8%), from €271,737 to €320,188
- Other debts +€16,883
up €16,883 (+101.4%), from €16,644 to €33,527
- Reserves +€10,594
up €10,594 (+55.5%), from €19,078 to €29,672
- Gross operating margin +€9,483
up €9,483 (+28.3%), from €33,496 to €42,979
- Financial charges +€3,688
up €3,688 (+44.7%), from €8,243 to €11,931
- Depreciation +€2,614
up €2,614 (+23.7%), from €11,014 to €13,628
- Taxes +€1,049
up €1,049 (+42.0%), from €2,495 to €3,544
- Financial income +€459
up €459 (+1634.0%), from €28 to €487
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.
Cash bridge derived
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 | €346,359 | €429,462 | +€83,104 | +24.0% |
| Fixed assets | 21/28 | €328,619 | €405,626 | +€77,007 | +23.4% |
| Tangible fixed assets | 22/27 | €328,619 | €405,626 | +€77,007 | +23.4% |
| Land and buildings | 22 | €324,548 | €400,519 | +€75,972 | +23.4% |
| Plant, machinery and equipment | 23 | €1,969 | €3,547 | +€1,578 | +80.1% |
| Furniture and vehicles | 24 | €65 | €0 | -€65 | -100.0% |
| Other tangible fixed assets | 26 | €2,037 | €1,560 | -€477 | -23.4% |
| Current assets | 29/58 | €17,740 | €23,837 | +€6,097 | +34.4% |
| Stocks and contracts in progress | 3 | €3,506 | €3,701 | +€195 | +5.6% |
| Stocks | 30/36 | €3,506 | €3,701 | +€195 | +5.6% |
| Amounts receivable within one year | 40/41 | €157 | €0 | -€157 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €157 | €0 | -€157 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,672 | €17,279 | +€4,608 | +36.4% |
| Deferred charges and accrued income | 490/1 | €1,406 | €2,856 | +€1,450 | +103.2% |
| Total equity and liabilities | 10/49 | €346,359 | €429,462 | +€83,104 | +24.0% |
| Equity | 10/15 | €31,478 | €42,072 | +€10,594 | +33.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €19,078 | €29,672 | +€10,594 | +55.5% |
| Distributable reserves | 133 | €19,078 | €29,672 | +€10,594 | +55.5% |
| Amounts payable | 17/49 | €314,881 | €387,391 | +€72,510 | +23.0% |
| Amounts payable after more than one year | 17 | €271,737 | €320,188 | +€48,452 | +17.8% |
| Financial debts | 170/4 | €271,737 | €320,188 | +€48,452 | +17.8% |
| Amounts payable within one year | 42/48 | €41,410 | €62,799 | +€21,390 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €15,770 | €16,048 | +€278 | +1.8% |
| Trade debts | 44 | €1,980 | €2,161 | +€181 | +9.1% |
| Suppliers | 440/4 | €1,980 | €2,161 | +€181 | +9.1% |
| Taxes, remuneration and social security | 45 | €7,016 | €11,064 | +€4,047 | +57.7% |
| Taxes | 450/3 | €7,016 | €11,064 | +€4,047 | +57.7% |
| Other amounts payable | 47/48 | €16,644 | €33,527 | +€16,883 | +101.4% |
| Accrued charges and deferred income | 492/3 | €1,735 | €4,403 | +€2,668 | +153.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,014 | €13,628 | +€2,614 | +23.7% |
| Other operating charges | 640/8 | €3,560 | €3,770 | +€210 | +5.9% |
| Gross operating margin | 9900 | €33,496 | €42,979 | +€9,483 | +28.3% |
| Operating profit (loss) | 9901 | €18,922 | €25,581 | +€6,659 | +35.2% |
| Financial income | 75/76B | €28 | €487 | +€459 | +1634.0% |
| Recurring financial income | 75 | €28 | €487 | +€459 | +1634.0% |
| Financial charges | 65/66B | €8,243 | €11,931 | +€3,688 | +44.7% |
| Recurring financial charges | 65 | €8,243 | €11,931 | +€3,688 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €10,707 | €14,138 | +€3,431 | +32.0% |
| Income taxes | 67/77 | €2,495 | €3,544 | +€1,049 | +42.0% |
| Profit (loss) for the period | 9904 | €8,212 | €10,594 | +€2,382 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,212 | €10,594 | +€2,382 | +29.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.