CAREL: 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.
CAREL
Largest movements
- Receivables within one year -€9,035
down €9,035 (-45.5%), from €19,847 to €10,812
- Tangible fixed assets -€393
down €393 (-100.0%), from €393 to €0
- Other debts -€6,943
down €6,943 (-15.5%), from €44,725 to €37,782
- Profit (loss) carried forward -€2,096
down €2,096 (-2.9%), from -€71,738 to -€73,834
- Trade debts -€287
down €287 (-5.4%), from €5,284 to €4,997
- Depreciation -€698
down €698 (-64.0%), from €1,091 to €393
- Other operating charges -€692
down €692 (-59.4%), from €1,166 to €473
- Gross operating margin +€148
up €148 (+13.0%), from -€1,132 to -€984
- Financial charges +€16
up €16 (+10.3%), from €154 to €170
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 | €20,323 | €10,813 | -€9,510 | -46.8% |
| Fixed assets | 21/28 | €393 | €0 | -€393 | -100.0% |
| Tangible fixed assets | 22/27 | €393 | €0 | -€393 | -100.0% |
| Furniture and vehicles | 24 | €393 | €0 | -€393 | -100.0% |
| Current assets | 29/58 | €19,930 | €10,813 | -€9,117 | -45.7% |
| Amounts receivable within one year | 40/41 | €19,847 | €10,812 | -€9,035 | -45.5% |
| Other amounts receivable | 41 | €19,847 | €10,812 | -€9,035 | -45.5% |
| Cash at bank and in hand | 54/58 | €82 | €0 | -€82 | -99.7% |
| Total equity and liabilities | 10/49 | €20,323 | €10,813 | -€9,510 | -46.8% |
| Equity | 10/15 | -€30,020 | -€32,115 | -€2,096 | -7.0% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,738 | -€73,834 | -€2,096 | -2.9% |
| Amounts payable | 17/49 | €50,342 | €42,928 | -€7,414 | -14.7% |
| Amounts payable within one year | 42/48 | €50,153 | €42,928 | -€7,225 | -14.4% |
| Trade debts | 44 | €5,284 | €4,997 | -€287 | -5.4% |
| Suppliers | 440/4 | €5,284 | €4,997 | -€287 | -5.4% |
| Taxes, remuneration and social security | 45 | €144 | €149 | +€5 | +3.5% |
| Taxes | 450/3 | €144 | €149 | +€5 | +3.5% |
| Other amounts payable | 47/48 | €44,725 | €37,782 | -€6,943 | -15.5% |
| Accrued charges and deferred income | 492/3 | €189 | €0 | -€189 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €393 | -€698 | -64.0% |
| Other operating charges | 640/8 | €1,166 | €473 | -€692 | -59.4% |
| Gross operating margin | 9900 | -€1,132 | -€984 | +€148 | +13.0% |
| Operating profit (loss) | 9901 | -€3,389 | -€1,851 | +€1,538 | +45.4% |
| Financial charges | 65/66B | €154 | €170 | +€16 | +10.3% |
| Recurring financial charges | 65 | €154 | €170 | +€16 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,543 | -€2,021 | +€1,522 | +43.0% |
| Income taxes | 67/77 | €74 | €75 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€3,617 | -€2,096 | +€1,521 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,617 | -€2,096 | +€1,521 | +42.1% |
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.