CARCO: 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.
What changed
CARCO
NACE 96.210, Hairdressing and barber services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€25,255
2024 · -€12,189-€13,066
Equity
€4,720
2024 · €29,975-€25,255
Cash
€18,806
2024 · €26,215-€7,409
Balance sheet total
€688,192
2024 · €742,754-€54,562
Largest movements
Assets
- Tangible fixed assets -€44,391
down €44,391 (-6.4%), from €693,390 to €648,999
of which Land and buildings: -€41,467
Equity and liabilities
- Debts after one year -€32,376
down €32,376 (-7.2%), from €452,475 to €420,099
- Profit (loss) carried forward -€25,255
down €25,255 (-31.6%), from -€79,826 to -€105,081
- Other debts +€10,351
up €10,351 (+5.7%), from €180,481 to €190,832
- Trade debts -€9,223
down €9,223 (-40.7%), from €22,655 to €13,432
Income statement
- Gross operating margin -€23,587
down €23,587 (-16.3%), from €144,292 to €120,705
- Staff costs -€18,076
down €18,076 (-22.5%), from €80,402 to €62,326
- Financial charges +€7,261
up €7,261 (+47.1%), from €15,403 to €22,664
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.
Result 2024
-€12,189
Gross operating margin
-€23,587
Staff costs
+€18,076
Depreciation
-€722
Other operating charges
+€523
Financial income
+€114
Financial charges
-€7,261
Taxes
-€210
Result 2025
-€25,255
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.
From operations
+€37,449
Investment
-€13,351
Financing
-€31,507
Cash 2024
€26,215
From operations (derived)
+€37,449
Net result for the year
-€25,255
Depreciation
+€57,742
Stocks and contracts
+€2,567
Receivables within one year
-€333
Deferred charges and accrued income
+€529
Trade debts
-€9,223
Tax, wage and social debts
+€5
Other debts
+€10,351
Accrued charges and deferred income
+€1,066
Investment (derived)
-€13,351
Investment in fixed assets (net)
-€13,351
Financing
-€31,507
Debts after one year
-€32,376
Current portion of long-term debt
+€814
Short-term financial debts
+€55
Cash 2025
€18,806
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €742,754 | €688,192 | -€54,562 | -7.3% |
| Fixed assets | 21/28 | €693,499 | €649,108 | -€44,391 | -6.4% |
| Tangible fixed assets | 22/27 | €693,390 | €648,999 | -€44,391 | -6.4% |
| Land and buildings | 22 | €686,110 | €644,642 | -€41,467 | -6.0% |
| Plant, machinery and equipment | 23 | €4,164 | €2,776 | -€1,388 | -33.3% |
| Furniture and vehicles | 24 | €3,116 | €1,581 | -€1,535 | -49.3% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €49,255 | €39,084 | -€10,171 | -20.7% |
| Stocks and contracts in progress | 3 | €16,072 | €13,505 | -€2,567 | -16.0% |
| Stocks | 30/36 | €16,072 | €13,505 | -€2,567 | -16.0% |
| Amounts receivable within one year | 40/41 | €4,212 | €4,545 | +€333 | +7.9% |
| Trade receivables | 40 | €2,292 | €3,903 | +€1,611 | +70.3% |
| Other amounts receivable | 41 | €1,920 | €642 | -€1,278 | -66.6% |
| Cash at bank and in hand | 54/58 | €26,215 | €18,806 | -€7,409 | -28.3% |
| Deferred charges and accrued income | 490/1 | €2,755 | €2,227 | -€529 | -19.2% |
| Total equity and liabilities | 10/49 | €742,754 | €688,192 | -€54,562 | -7.3% |
| Equity | 10/15 | €29,975 | €4,720 | -€25,255 | -84.3% |
| Contributions | 10/11 | €53,592 | €53,592 | = | 0.0% |
| Outside capital | 11 | €53,592 | - | -€53,592 | |
| Other | 1109/19 | €53,592 | - | -€53,592 | |
| Revaluation surpluses | 12 | €54,349 | €54,349 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,826 | -€105,081 | -€25,255 | -31.6% |
| Amounts payable | 17/49 | €712,779 | €683,472 | -€29,307 | -4.1% |
| Amounts payable after more than one year | 17 | €452,475 | €420,099 | -€32,376 | -7.2% |
| Financial debts | 170/4 | €452,475 | €420,099 | -€32,376 | -7.2% |
| Amounts payable within one year | 42/48 | €260,056 | €262,058 | +€2,003 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €36,652 | €37,466 | +€814 | +2.2% |
| Financial debts | 43 | €2,068 | €2,123 | +€55 | +2.7% |
| Credit institutions | 430/8 | €2,068 | €2,123 | +€55 | +2.7% |
| Trade debts | 44 | €22,655 | €13,432 | -€9,223 | -40.7% |
| Suppliers | 440/4 | €22,655 | €13,432 | -€9,223 | -40.7% |
| Taxes, remuneration and social security | 45 | €18,200 | €18,205 | +€5 | 0.0% |
| Taxes | 450/3 | €9,328 | €10,948 | +€1,620 | +17.4% |
| Remuneration and social security | 454/9 | €8,872 | €7,257 | -€1,615 | -18.2% |
| Other amounts payable | 47/48 | €180,481 | €190,832 | +€10,351 | +5.7% |
| Accrued charges and deferred income | 492/3 | €249 | €1,314 | +€1,066 | +429.0% |
| Remuneration, social security and pensions | 62 | €80,402 | €62,326 | -€18,076 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,020 | €57,742 | +€722 | +1.3% |
| Other operating charges | 640/8 | €3,785 | €3,261 | -€523 | -13.8% |
| Gross operating margin | 9900 | €144,292 | €120,705 | -€23,587 | -16.3% |
| Operating profit (loss) | 9901 | €3,085 | -€2,625 | -€5,710 | |
| Financial income | 75/76B | €180 | €295 | +€114 | +63.3% |
| Recurring financial income | 75 | €180 | €295 | +€114 | +63.3% |
| Financial charges | 65/66B | €15,403 | €22,664 | +€7,261 | +47.1% |
| Recurring financial charges | 65 | €15,403 | €22,664 | +€7,261 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,138 | -€24,994 | -€12,856 | -105.9% |
| Income taxes | 67/77 | €51 | €260 | +€210 | +411.7% |
| Profit (loss) for the period | 9904 | -€12,189 | -€25,255 | -€13,066 | -107.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,189 | -€25,255 | -€13,066 | -107.2% |
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 5 October 2026 via checked.be.