CARBONE 8: 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 8
Largest movements
- Receivables within one year +€27,560
up €27,560 (+178.8%), from €15,414 to €42,974
of which Trade receivables: +€27,551
- Cash +€13,371
up €13,371 (+10.4%), from €128,747 to €142,118
mainly Net result for the year (+€86,341) and Deferred charges and accrued income (+€6,617)
- Tangible fixed assets +€7,321
up €7,321 (+385.4%), from €1,899 to €9,220
of which Furniture and vehicles: +€5,491
- Deferred charges and accrued income -€6,617
no longer reported in 2025 (was €6,617)
- Profit (loss) carried forward +€86,341
up €86,341 (+107.4%), from €80,405 to €166,746
- Other debts -€36,775
down €36,775 (-91.9%), from €40,001 to €3,226
- Tax, wage and social debts -€12,490
down €12,490 (-41.4%), from €30,174 to €17,684
- Trade debts +€4,559
up €4,559 (+285.4%), from €1,597 to €6,156
- Gross operating margin +€70,455
up €70,455 (+87.4%), from €80,649 to €151,104
- Financial charges +€37,873
up €37,873 (+9185.3%), from €412 to €38,285
- Taxes +€6,091
up €6,091 (+33.6%), from €18,147 to €24,238
- Depreciation +€1,680
up €1,680 (+337.7%), from €497 to €2,177
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 | €152,678 | €194,312 | +€41,634 | +27.3% |
| Fixed assets | 21/28 | €1,899 | €9,220 | +€7,321 | +385.4% |
| Tangible fixed assets | 22/27 | €1,899 | €9,220 | +€7,321 | +385.4% |
| Furniture and vehicles | 24 | €1,899 | €7,390 | +€5,491 | +289.1% |
| Other tangible fixed assets | 26 | - | €1,830 | +€1,830 | |
| Current assets | 29/58 | €150,778 | €185,092 | +€34,314 | +22.8% |
| Amounts receivable within one year | 40/41 | €15,414 | €42,974 | +€27,560 | +178.8% |
| Trade receivables | 40 | €15,414 | €42,965 | +€27,551 | +178.7% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €128,747 | €142,118 | +€13,371 | +10.4% |
| Deferred charges and accrued income | 490/1 | €6,617 | - | -€6,617 | |
| Total equity and liabilities | 10/49 | €152,678 | €194,312 | +€41,634 | +27.3% |
| Equity | 10/15 | €80,905 | €167,246 | +€86,341 | +106.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,405 | €166,746 | +€86,341 | +107.4% |
| Amounts payable | 17/49 | €71,772 | €27,066 | -€44,706 | -62.3% |
| Amounts payable within one year | 42/48 | €71,772 | €27,066 | -€44,706 | -62.3% |
| Trade debts | 44 | €1,597 | €6,156 | +€4,559 | +285.4% |
| Suppliers | 440/4 | €1,597 | €6,156 | +€4,559 | +285.4% |
| Taxes, remuneration and social security | 45 | €30,174 | €17,684 | -€12,490 | -41.4% |
| Taxes | 450/3 | €30,174 | €17,684 | -€12,490 | -41.4% |
| Other amounts payable | 47/48 | €40,001 | €3,226 | -€36,775 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €2,177 | +€1,680 | +337.7% |
| Other operating charges | 640/8 | €484 | €63 | -€421 | -87.0% |
| Gross operating margin | 9900 | €80,649 | €151,104 | +€70,455 | +87.4% |
| Operating profit (loss) | 9901 | €79,667 | €148,864 | +€69,197 | +86.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €412 | €38,285 | +€37,873 | +9185.3% |
| Recurring financial charges | 65 | €412 | €38,285 | +€37,873 | +9185.3% |
| Profit (loss) for the period before taxes | 9903 | €79,258 | €110,579 | +€31,321 | +39.5% |
| Income taxes | 67/77 | €18,147 | €24,238 | +€6,091 | +33.6% |
| Profit (loss) for the period | 9904 | €61,111 | €86,341 | +€25,230 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,111 | €86,341 | +€25,230 | +41.3% |
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 9 October 2026 via checked.be.