CARCAVE MECHANICS: what changed
CARCAVE MECHANICS
Largest movements
- Cash -€42,767
down €42,767 (-89.2%), from €47,928 to €5,161
mainly Trade debts (-€27,098) and Investment in fixed assets (net) (-€20,015)
- Tangible fixed assets +€14,441
up €14,441 (+107%), from €13,551 to €27,992
of which Furniture and vehicles: +€10,874
- Stocks and contracts +€5,594
up €5,594 (+14.6%), from €38,323 to €43,917
- Receivables within one year +€5,588
up €5,588 (+9.8%), from €57,077 to €62,665
of which Other amounts receivable: +€6,139
- Trade debts -€27,098
down €27,098 (-80.2%), from €33,772 to €6,674
- Reserves +€11,958
up €11,958 (+19.5%), from €61,274 to €73,232
of which Distributable reserves: +€11,958
- Tax, wage and social debts -€7,238
down €7,238 (-30.5%), from €23,749 to €16,511
- Current portion of long-term debt +€4,384
up €4,384 (+90.8%), from €4,829 to €9,213
- Gross operating margin -€28,117
down €28,117 (-54.5%), from €51,605 to €23,488
- Staff costs -€16,000
down €16,000 (-89.9%), from €17,800 to €1,800
- Taxes -€3,100
down €3,100 (-42.3%), from €7,332 to €4,232
- Depreciation +€2,635
up €2,635 (+89.7%), from €2,939 to €5,574
- Financial income -€1,346
down €1,346 (-34.5%), from €3,904 to €2,558
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,879 | €139,735 | -€17,144 | -10.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,551 | €27,992 | +€14,441 | +107% |
| Tangible fixed assets | 22/27 | €13,551 | €27,992 | +€14,441 | +107% |
| Plant, machinery and equipment | 23 | €13,551 | €10,617 | -€2,934 | -21.7% |
| Furniture and vehicles | 24 | - | €10,874 | +€10,874 | |
| Other tangible fixed assets | 26 | - | €6,501 | +€6,501 | |
| Current assets | 29/58 | €143,328 | €111,743 | -€31,585 | -22.0% |
| Stocks and contracts in progress | 3 | €38,323 | €43,917 | +€5,594 | +14.6% |
| Stocks | 30/36 | €38,323 | €43,917 | +€5,594 | +14.6% |
| Amounts receivable within one year | 40/41 | €57,077 | €62,665 | +€5,588 | +9.8% |
| Trade receivables | 40 | €15,433 | €14,882 | -€551 | -3.6% |
| Other amounts receivable | 41 | €41,644 | €47,783 | +€6,139 | +14.7% |
| Cash at bank and in hand | 54/58 | €47,928 | €5,161 | -€42,767 | -89.2% |
| Total equity and liabilities | 10/49 | €156,879 | €139,735 | -€17,144 | -10.9% |
| Equity | 10/15 | €79,874 | €91,832 | +€11,958 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,274 | €73,232 | +€11,958 | +19.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,414 | €71,372 | +€11,958 | +20.1% |
| Amounts payable | 17/49 | €77,005 | €47,903 | -€29,102 | -37.8% |
| Amounts payable after more than one year | 17 | €14,656 | €15,506 | +€850 | +5.8% |
| Financial debts | 170/4 | €14,656 | €15,506 | +€850 | +5.8% |
| Amounts payable within one year | 42/48 | €62,350 | €32,398 | -€29,952 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €4,829 | €9,213 | +€4,384 | +90.8% |
| Trade debts | 44 | €33,772 | €6,674 | -€27,098 | -80.2% |
| Suppliers | 440/4 | €33,772 | €6,674 | -€27,098 | -80.2% |
| Taxes, remuneration and social security | 45 | €23,749 | €16,511 | -€7,238 | -30.5% |
| Taxes | 450/3 | €23,749 | €16,511 | -€7,238 | -30.5% |
| Remuneration, social security and pensions | 62 | €17,800 | €1,800 | -€16,000 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,939 | €5,574 | +€2,635 | +89.7% |
| Other operating charges | 640/8 | €2,374 | €1,202 | -€1,172 | -49.4% |
| Gross operating margin | 9900 | €51,605 | €23,488 | -€28,117 | -54.5% |
| Operating profit (loss) | 9901 | €28,492 | €14,912 | -€13,580 | -47.7% |
| Financial income | 75/76B | €3,904 | €2,558 | -€1,346 | -34.5% |
| Recurring financial income | 75 | €3,904 | €2,558 | -€1,346 | -34.5% |
| Financial charges | 65/66B | €1,257 | €1,280 | +€23 | +1.8% |
| Recurring financial charges | 65 | €1,257 | €1,280 | +€23 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €31,140 | €16,190 | -€14,949 | -48.0% |
| Income taxes | 67/77 | €7,332 | €4,232 | -€3,100 | -42.3% |
| Profit (loss) for the period | 9904 | €23,808 | €11,958 | -€11,849 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,808 | €11,958 | -€11,849 | -49.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.