CARBONE 14: 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.
CARBONE 14
Largest movements
- Tangible fixed assets +€570,180
up €570,180 (+137%), from €416,211 to €986,392
of which Land and buildings: +€443,499
- Receivables within one year +€168,165
up €168,165 (+239%), from €70,469 to €238,634
of which Trade receivables: +€87,437
- Other debts +€460,391
up €460,391 (+575%), from €80,000 to €540,391
- Debts after one year +€199,453
up €199,453 (+65.7%), from €303,455 to €502,909
- Trade debts +€55,452
up €55,452 (+88.5%), from €62,624 to €118,076
- Tax, wage and social debts +€29,454
up €29,454 (+141%), from €20,822 to €50,275
of which Remuneration and social security: +€34,171
- Gross operating margin +€272,436
up €272,436 (+165%), from €165,196 to €437,632
- Staff costs +€227,984
up €227,984 (+188%), from €121,394 to €349,378
- Depreciation +€43,977
up €43,977 (+142%), from €31,070 to €75,047
- Financial charges +€13,839
up €13,839 (+1,415%), from €978 to €14,817
- Financial income +€7,500
new in 2026: €7,500
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,722 | €1,241,490 | +€746,768 | +151% |
| Fixed assets | 21/28 | €416,211 | €986,392 | +€570,180 | +137% |
| Tangible fixed assets | 22/27 | €416,211 | €986,392 | +€570,180 | +137% |
| Land and buildings | 22 | €410,418 | €853,917 | +€443,499 | +108% |
| Plant, machinery and equipment | 23 | - | €55,698 | +€55,698 | |
| Furniture and vehicles | 24 | €5,794 | €76,777 | +€70,983 | +1,225% |
| Current assets | 29/58 | €78,511 | €255,098 | +€176,588 | +225% |
| Amounts receivable within one year | 40/41 | €70,469 | €238,634 | +€168,165 | +239% |
| Trade receivables | 40 | €27,347 | €114,784 | +€87,437 | +320% |
| Other amounts receivable | 41 | €43,122 | €123,850 | +€80,728 | +187% |
| Cash at bank and in hand | 54/58 | €8,042 | €16,464 | +€8,423 | +105% |
| Total equity and liabilities | 10/49 | €494,722 | €1,241,490 | +€746,768 | +151% |
| Equity | 10/15 | €8,776 | €12,800 | +€4,024 | +45.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €716 | €4,740 | +€4,024 | +562% |
| Amounts payable | 17/49 | €485,946 | €1,228,690 | +€742,744 | +153% |
| Amounts payable after more than one year | 17 | €303,455 | €502,909 | +€199,453 | +65.7% |
| Financial debts | 170/4 | €303,455 | €502,909 | +€199,453 | +65.7% |
| Amounts payable within one year | 42/48 | €182,490 | €725,781 | +€543,291 | +298% |
| Current portion of amounts payable after more than one year | 42 | €19,045 | €17,039 | -€2,006 | -10.5% |
| Trade debts | 44 | €62,624 | €118,076 | +€55,452 | +88.5% |
| Suppliers | 440/4 | €62,624 | €118,076 | +€55,452 | +88.5% |
| Taxes, remuneration and social security | 45 | €20,822 | €50,275 | +€29,454 | +141% |
| Taxes | 450/3 | €5,318 | €601 | -€4,717 | -88.7% |
| Remuneration and social security | 454/9 | €15,504 | €49,675 | +€34,171 | +220% |
| Other amounts payable | 47/48 | €80,000 | €540,391 | +€460,391 | +575% |
| Remuneration, social security and pensions | 62 | €121,394 | €349,378 | +€227,984 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,070 | €75,047 | +€43,977 | +142% |
| Other operating charges | 640/8 | €5,178 | €1,723 | -€3,455 | -66.7% |
| Gross operating margin | 9900 | €165,196 | €437,632 | +€272,436 | +165% |
| Operating profit (loss) | 9901 | €7,553 | €11,483 | +€3,930 | +52.0% |
| Financial income | 75/76B | - | €7,500 | +€7,500 | |
| Recurring financial income | 75 | - | €7,500 | +€7,500 | |
| Financial charges | 65/66B | €978 | €14,817 | +€13,839 | +1,415% |
| Recurring financial charges | 65 | €978 | €14,817 | +€13,839 | +1,415% |
| Profit (loss) for the period before taxes | 9903 | €6,576 | €4,167 | -€2,409 | -36.6% |
| Income taxes | 67/77 | €1,910 | €143 | -€1,767 | -92.5% |
| Profit (loss) for the period | 9904 | €4,665 | €4,024 | -€641 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,665 | €4,024 | -€641 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.