CARBONETTA: 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.
CARBONETTA
Largest movements
- Tangible fixed assets -€114,664
down €114,664 (-21.7%), from €527,989 to €413,324
of which Plant, machinery and equipment: -€73,511
- Cash +€97,620
up €97,620 (+49.1%), from €198,939 to €296,559
mainly Depreciation (+€114,664) and Receivables within one year (+€20,758)
- Profit (loss) carried forward -€37,592
down €37,592 (-3.0%), from €1.2m to €1.2m
- Depreciation -€11,672
down €11,672 (-9.2%), from €126,337 to €114,664
- Gross operating margin +€10,129
up €10,129 (+13.7%), from €73,816 to €83,945
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 | €2,568,550 | €2,530,899 | -€37,651 | -1.5% |
| Fixed assets | 21/28 | €2,284,342 | €2,169,677 | -€114,664 | -5.0% |
| Intangible fixed assets | 21 | €1,756,353 | €1,756,353 | = | 0.0% |
| Tangible fixed assets | 22/27 | €527,989 | €413,324 | -€114,664 | -21.7% |
| Land and buildings | 22 | €157,349 | €156,804 | -€545 | -0.3% |
| Plant, machinery and equipment | 23 | €279,580 | €206,069 | -€73,511 | -26.3% |
| Furniture and vehicles | 24 | €91,059 | €50,451 | -€40,608 | -44.6% |
| Current assets | 29/58 | €284,208 | €361,222 | +€77,014 | +27.1% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,259 | €41,500 | -€20,758 | -33.3% |
| Trade receivables | 40 | €61,820 | €40,701 | -€21,119 | -34.2% |
| Other amounts receivable | 41 | €439 | €799 | +€360 | +82.1% |
| Cash at bank and in hand | 54/58 | €198,939 | €296,559 | +€97,620 | +49.1% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,163 | +€152 | +5.1% |
| Total equity and liabilities | 10/49 | €2,568,550 | €2,530,899 | -€37,651 | -1.5% |
| Equity | 10/15 | €1,747,482 | €1,707,117 | -€40,365 | -2.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €405,294 | €402,522 | -€2,773 | -0.7% |
| Tax-exempt reserves | 132 | €244,457 | €244,457 | = | 0.0% |
| Distributable reserves | 133 | €160,837 | €158,065 | -€2,773 | -1.7% |
| Profit (loss) carried forward | 14 | €1,242,188 | €1,204,595 | -€37,592 | -3.0% |
| Provisions and deferred taxes | 16 | €820,000 | €820,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €820,000 | €820,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €820,000 | €820,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,068 | €3,782 | +€2,714 | +254.2% |
| Amounts payable within one year | 42/48 | €1,068 | €3,782 | +€2,714 | +254.2% |
| Trade debts | 44 | €678 | €2,605 | +€1,926 | +284.0% |
| Suppliers | 440/4 | €678 | €2,605 | +€1,926 | +284.0% |
| Taxes, remuneration and social security | 45 | €0 | €560 | +€560 | |
| Taxes | 450/3 | €0 | €560 | +€560 | |
| Other amounts payable | 47/48 | €390 | €618 | +€228 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,337 | €114,664 | -€11,672 | -9.2% |
| Other operating charges | 640/8 | €8,665 | €9,303 | +€639 | +7.4% |
| Non-recurring operating charges | 66A | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €73,816 | €83,945 | +€10,129 | +13.7% |
| Operating profit (loss) | 9901 | -€61,236 | -€40,023 | +€21,213 | +34.6% |
| Financial income | 75/76B | €2,230 | €2,873 | +€643 | +28.8% |
| Recurring financial income | 75 | €2,230 | €2,873 | +€643 | +28.8% |
| Financial charges | 65/66B | €72 | €71 | -€1 | -1.4% |
| Recurring financial charges | 65 | €72 | €71 | -€1 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€59,078 | -€37,221 | +€21,858 | +37.0% |
| Income taxes | 67/77 | €360 | €372 | +€11 | +3.1% |
| Profit (loss) for the period | 9904 | -€59,439 | -€37,592 | +€21,846 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,439 | -€37,592 | +€21,846 | +36.8% |
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 5 October 2026 via checked.be.