CARBRO: 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.
CARBRO
Largest movements
- Cash +€139,664
up €139,664 (+49.4%), from €282,446 to €422,110
mainly Net result for the year (+€250,921) and Other debts (+€211,386)
- Receivables within one year -€14,989
down €14,989 (-74.3%), from €20,177 to €5,188
- Tangible fixed assets -€8,823
down €8,823 (-50.9%), from €17,331 to €8,508
- Other debts +€211,386
up €211,386 (+18977.8%), from €1,114 to €212,500
- Reserves -€120,000
down €120,000 (-27.3%), from €440,000 to €320,000
- Tax, wage and social debts +€35,850
up €35,850 (+2172.7%), from €1,650 to €37,500
- Debts after one year -€9,887
no longer reported in 2025 (was €9,887)
- Financial income -€22,828
down €22,828 (-99.8%), from €22,865 to €37
- Gross operating margin +€21,526
up €21,526 (+6.7%), from €319,617 to €341,144
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 | €476,872 | €591,806 | +€114,935 | +24.1% |
| Fixed assets | 21/28 | €23,331 | €14,508 | -€8,823 | -37.8% |
| Tangible fixed assets | 22/27 | €17,331 | €8,508 | -€8,823 | -50.9% |
| Furniture and vehicles | 24 | €17,331 | €8,508 | -€8,823 | -50.9% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €453,540 | €577,298 | +€123,758 | +27.3% |
| Amounts receivable within one year | 40/41 | €20,177 | €5,188 | -€14,989 | -74.3% |
| Other amounts receivable | 41 | €20,177 | €5,188 | -€14,989 | -74.3% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €282,446 | €422,110 | +€139,664 | +49.4% |
| Deferred charges and accrued income | 490/1 | €918 | - | -€918 | |
| Total equity and liabilities | 10/49 | €476,872 | €591,806 | +€114,935 | +24.1% |
| Equity | 10/15 | €450,859 | €331,780 | -€119,079 | -26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €440,000 | €320,000 | -€120,000 | -27.3% |
| Distributable reserves | 133 | €440,000 | €320,000 | -€120,000 | -27.3% |
| Profit (loss) carried forward | 14 | €5,859 | €6,780 | +€921 | +15.7% |
| Amounts payable | 17/49 | €26,013 | €260,026 | +€234,014 | +899.6% |
| Amounts payable after more than one year | 17 | €9,887 | - | -€9,887 | |
| Financial debts | 170/4 | €9,887 | - | -€9,887 | |
| Amounts payable within one year | 42/48 | €15,380 | €260,026 | +€244,646 | +1590.6% |
| Current portion of amounts payable after more than one year | 42 | €9,787 | €9,887 | +€101 | +1.0% |
| Trade debts | 44 | €2,830 | €139 | -€2,691 | -95.1% |
| Suppliers | 440/4 | €2,830 | €139 | -€2,691 | -95.1% |
| Taxes, remuneration and social security | 45 | €1,650 | €37,500 | +€35,850 | +2172.7% |
| Taxes | 450/3 | €1,650 | €37,500 | +€35,850 | +2172.7% |
| Other amounts payable | 47/48 | €1,114 | €212,500 | +€211,386 | +18977.8% |
| Accrued charges and deferred income | 492/3 | €745 | - | -€745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,847 | €8,823 | -€24 | -0.3% |
| Other operating charges | 640/8 | €2,421 | €671 | -€1,750 | -72.3% |
| Non-recurring operating charges | 66A | €255 | - | -€255 | |
| Gross operating margin | 9900 | €319,617 | €341,144 | +€21,526 | +6.7% |
| Operating profit (loss) | 9901 | €308,094 | €331,650 | +€23,556 | +7.6% |
| Financial income | 75/76B | €22,865 | €37 | -€22,828 | -99.8% |
| Recurring financial income | 75 | €22,865 | €37 | -€22,828 | -99.8% |
| Financial charges | 65/66B | €345 | €246 | -€100 | -28.8% |
| Recurring financial charges | 65 | €345 | €246 | -€100 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €330,614 | €331,441 | +€828 | +0.3% |
| Income taxes | 67/77 | €80,160 | €80,521 | +€361 | +0.4% |
| Profit (loss) for the period | 9904 | €250,454 | €250,921 | +€467 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €250,454 | €250,921 | +€467 | +0.2% |
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 3 October 2026 via checked.be.