CARELLI OLIVIER: 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.
CARELLI OLIVIER
Largest movements
- Receivables within one year +€65,968
up €65,968 (+527%), from €12,524 to €78,491
- Tangible fixed assets -€54,210
down €54,210 (-6.0%), from €896,317 to €842,107
of which Land and buildings: -€32,872
- Deferred charges and accrued income +€20,085
up €20,085 (+26.2%), from €76,525 to €96,610
- Profit (loss) carried forward +€79,121
up €79,121 (+41.2%), from €192,112 to €271,233
- Debts after one year -€49,862
down €49,862 (-6.8%), from €728,857 to €678,995
- Gross operating margin +€18,693
up €18,693 (+11.8%), from €158,701 to €177,394
- Depreciation -€12,119
down €12,119 (-16.8%), from €71,995 to €59,875
- Taxes +€7,173
up €7,173 (+47.2%), from €15,209 to €22,382
- Financial income +€2,308
new in 2025: €2,308
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.
Derived cash bridge
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 | €996,356 | €1,022,320 | +€25,964 | +2.6% |
| Fixed assets | 21/28 | €896,317 | €842,107 | -€54,210 | -6.0% |
| Tangible fixed assets | 22/27 | €896,317 | €842,107 | -€54,210 | -6.0% |
| Land and buildings | 22 | €854,807 | €821,935 | -€32,872 | -3.8% |
| Plant, machinery and equipment | 23 | €22,460 | €16,691 | -€5,770 | -25.7% |
| Furniture and vehicles | 24 | €19,050 | €3,481 | -€15,569 | -81.7% |
| Current assets | 29/58 | €100,039 | €180,213 | +€80,174 | +80.1% |
| Amounts receivable within one year | 40/41 | €12,524 | €78,491 | +€65,968 | +527% |
| Other amounts receivable | 41 | €12,524 | €78,491 | +€65,968 | +527% |
| Cash at bank and in hand | 54/58 | €10,990 | €5,112 | -€5,878 | -53.5% |
| Deferred charges and accrued income | 490/1 | €76,525 | €96,610 | +€20,085 | +26.2% |
| Total equity and liabilities | 10/49 | €996,356 | €1,022,320 | +€25,964 | +2.6% |
| Equity | 10/15 | €197,112 | €276,233 | +€79,121 | +40.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,112 | €271,233 | +€79,121 | +41.2% |
| Amounts payable | 17/49 | €799,244 | €746,087 | -€53,157 | -6.7% |
| Amounts payable after more than one year | 17 | €728,857 | €678,995 | -€49,862 | -6.8% |
| Financial debts | 170/4 | €728,857 | €678,995 | -€49,862 | -6.8% |
| Amounts payable within one year | 42/48 | €70,387 | €67,093 | -€3,294 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €68,790 | €58,707 | -€10,082 | -14.7% |
| Trade debts | 44 | €1,388 | €239 | -€1,149 | -82.8% |
| Suppliers | 440/4 | €1,388 | €239 | -€1,149 | -82.8% |
| Taxes, remuneration and social security | 45 | €209 | €8,146 | +€7,937 | +3,805% |
| Taxes | 450/3 | €209 | €8,146 | +€7,937 | +3,805% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,995 | €59,875 | -€12,119 | -16.8% |
| Other operating charges | 640/8 | €4,393 | €4,925 | +€532 | +12.1% |
| Gross operating margin | 9900 | €158,701 | €177,394 | +€18,693 | +11.8% |
| Operating profit (loss) | 9901 | €82,313 | €112,594 | +€30,281 | +36.8% |
| Financial income | 75/76B | - | €2,308 | +€2,308 | |
| Recurring financial income | 75 | - | €2,308 | +€2,308 | |
| Financial charges | 65/66B | €14,368 | €13,399 | -€968 | -6.7% |
| Recurring financial charges | 65 | €14,368 | €13,399 | -€968 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €67,945 | €101,502 | +€33,557 | +49.4% |
| Income taxes | 67/77 | €15,209 | €22,382 | +€7,173 | +47.2% |
| Profit (loss) for the period | 9904 | €52,736 | €79,121 | +€26,384 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,736 | €79,121 | +€26,384 | +50.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.