CARBOR: 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.
CARBOR
Largest movements
- Current investments +€410,326
up €410,326 (+30.0%), from €1.4m to €1.8m
- Profit (loss) carried forward +€481,835
up €481,835 (+35.6%), from €1.4m to €1.8m
- Tax, wage and social debts -€95,123
down €95,123 (-81.0%), from €117,505 to €22,382
- Financial income +€192,761
up €192,761 (+533.0%), from €36,162 to €228,923
- Financial charges +€49,690
up €49,690 (+13.9%), from €357,472 to €407,162
of which Financial charges: +€38,868
- Taxes -€18,357
down €18,357 (-15.9%), from €115,744 to €97,387
- Turnover +€16,100
up €16,100 (+2.2%), from €743,887 to €759,987
- Gross operating margin +€13,580
up €13,580 (+1.8%), from €745,503 to €759,083
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.
Cash bridge derived
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 | €7,264,899 | €7,756,346 | +€491,447 | +6.8% |
| Fixed assets | 21/28 | €5,848,705 | €5,848,705 | = | 0.0% |
| Tangible fixed assets | 22/27 | €769,187 | €769,187 | = | 0.0% |
| Land and buildings | 22 | €769,187 | €769,187 | = | 0.0% |
| Financial fixed assets | 28 | €5,079,518 | €5,079,518 | = | 0.0% |
| Current assets | 29/58 | €1,416,194 | €1,907,641 | +€491,447 | +34.7% |
| Amounts receivable within one year | 40/41 | €25,110 | €42,754 | +€17,644 | +70.3% |
| Trade receivables | 40 | €25,110 | €27,469 | +€2,359 | +9.4% |
| Other amounts receivable | 41 | - | €15,285 | +€15,285 | |
| Current investments | 50/53 | €1,369,020 | €1,779,346 | +€410,326 | +30.0% |
| Cash at bank and in hand | 54/58 | €19,252 | €79,061 | +€59,809 | +310.7% |
| Deferred charges and accrued income | 490/1 | €2,812 | €6,480 | +€3,668 | +130.4% |
| Total equity and liabilities | 10/49 | €7,264,899 | €7,756,346 | +€491,447 | +6.8% |
| Equity | 10/15 | €3,080,627 | €3,562,462 | +€481,835 | +15.6% |
| Contributions | 10/11 | €1,727,359 | €1,727,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,353,268 | €1,835,103 | +€481,835 | +35.6% |
| Provisions and deferred taxes | 16 | €3,844,817 | €3,873,818 | +€29,001 | +0.8% |
| Provisions for liabilities and charges | 160/5 | €3,844,817 | €3,873,818 | +€29,001 | +0.8% |
| Other liabilities and charges | 164/5 | €3,844,817 | €3,873,818 | +€29,001 | +0.8% |
| Amounts payable | 17/49 | €339,455 | €320,066 | -€19,389 | -5.7% |
| Amounts payable within one year | 42/48 | €339,455 | €320,066 | -€19,389 | -5.7% |
| Trade debts | 44 | €820 | €1,561 | +€741 | +90.4% |
| Suppliers | 440/4 | €820 | €1,561 | +€741 | +90.4% |
| Taxes, remuneration and social security | 45 | €117,505 | €22,382 | -€95,123 | -81.0% |
| Taxes | 450/3 | €117,505 | €22,382 | -€95,123 | -81.0% |
| Other amounts payable | 47/48 | €221,130 | €296,123 | +€74,993 | +33.9% |
| Turnover | 70 | €743,887 | €759,987 | +€16,100 | +2.2% |
| Non-recurring operating income | 76A | €105,827 | €92,970 | -€12,857 | -12.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,211 | €93,874 | -€10,337 | -9.9% |
| Other operating charges | 640/8 | €1,479 | €1,622 | +€143 | +9.7% |
| Gross operating margin | 9900 | €745,503 | €759,083 | +€13,580 | +1.8% |
| Operating profit (loss) | 9901 | €744,024 | €757,461 | +€13,437 | +1.8% |
| Financial income | 75/76B | €36,162 | €228,923 | +€192,761 | +533.0% |
| Recurring financial income | 75 | €36,162 | €228,923 | +€192,761 | +533.0% |
| Financial charges | 65/66B | €357,472 | €407,162 | +€49,690 | +13.9% |
| Recurring financial charges | 65 | €226,913 | €265,781 | +€38,868 | +17.1% |
| Non-recurring financial charges | 66B | €130,559 | €141,381 | +€10,822 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €422,714 | €579,222 | +€156,508 | +37.0% |
| Income taxes | 67/77 | €115,744 | €97,387 | -€18,357 | -15.9% |
| Profit (loss) for the period | 9904 | €306,970 | €481,835 | +€174,865 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €306,970 | €481,835 | +€174,865 | +57.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.