Carenel: 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.
Carenel
Largest movements
- Financial fixed assets -€2.8m
down €2.8m (-59.3%), from €4.8m to €1.9m
- Receivables within one year -€857,122
down €857,122 (-92.4%), from €927,775 to €70,653
of which Other amounts receivable: -€913,122
- Profit (loss) carried forward -€2.9m
down €2.9m, from €535,690 to -€2.3m
- Other debts -€576,678
down €576,678 (-53.2%), from €1.1m to €507,017
- Debts after one year -€91,592
down €91,592 (-100%), from €91,592 to €0
- Current portion of long-term debt -€89,558
down €89,558 (-100%), from €89,558 to €0
- Financial charges +€3.3m
up €3.3m (+7,771%), from €42,682 to €3.4m
of which Non-recurring financial charges: +€3.3m
- Financial income +€478,484
up €478,484 (+1,947%), from €24,576 to €503,060
- Purchases and services -€194,719
no longer reported in 2025 (was €194,719)
- Turnover -€174,000
no longer reported in 2025 (was €174,000)
- Gross operating margin -€78,704
down €78,704, from €55,274 to -€23,430
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 | €5,707,934 | €2,051,917 | -€3.7m | -64.1% |
| Fixed assets | 21/28 | €4,775,591 | €1,943,839 | -€2.8m | -59.3% |
| Financial fixed assets | 28 | €4,775,591 | €1,943,839 | -€2.8m | -59.3% |
| Current assets | 29/58 | €932,343 | €108,078 | -€824,265 | -88.4% |
| Amounts receivable within one year | 40/41 | €927,775 | €70,653 | -€857,122 | -92.4% |
| Trade receivables | 40 | €0 | €56,000 | +€56,000 | |
| Other amounts receivable | 41 | €927,775 | €14,653 | -€913,122 | -98.4% |
| Cash at bank and in hand | 54/58 | €3,340 | €36,197 | +€32,857 | +984% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,228 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €5,707,934 | €2,051,917 | -€3.7m | -64.1% |
| Equity | 10/15 | €4,415,119 | €1,544,409 | -€2.9m | -65.0% |
| Contributions | 10/11 | €3,879,429 | €3,879,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €535,690 | -€2,335,020 | -€2.9m | |
| Amounts payable | 17/49 | €1,292,815 | €507,507 | -€785,308 | -60.7% |
| Amounts payable after more than one year | 17 | €91,592 | €0 | -€91,592 | -100% |
| Financial debts | 170/4 | €91,592 | €0 | -€91,592 | -100% |
| Amounts payable within one year | 42/48 | €1,201,223 | €507,507 | -€693,716 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €89,558 | €0 | -€89,558 | -100% |
| Trade debts | 44 | €17,679 | €491 | -€17,188 | -97.2% |
| Suppliers | 440/4 | €17,679 | €491 | -€17,188 | -97.2% |
| Taxes, remuneration and social security | 45 | €10,291 | €0 | -€10,291 | -100% |
| Taxes | 450/3 | €10,291 | €0 | -€10,291 | -100% |
| Other amounts payable | 47/48 | €1,083,695 | €507,017 | -€576,678 | -53.2% |
| Turnover | 70 | €174,000 | - | -€174,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €194,719 | - | -€194,719 | |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | €55,274 | -€23,430 | -€78,704 | |
| Operating profit (loss) | 9901 | €55,274 | -€24,429 | -€79,703 | |
| Financial income | 75/76B | €24,576 | €503,060 | +€478,484 | +1,947% |
| Recurring financial income | 75 | €24,576 | €503,060 | +€478,484 | +1,947% |
| Financial charges | 65/66B | €42,682 | €3,359,632 | +€3.3m | +7,771% |
| Recurring financial charges | 65 | €42,682 | €17,272 | -€25,410 | -59.5% |
| Non-recurring financial charges | 66B | - | €3,342,360 | +€3.3m | |
| Profit (loss) for the period before taxes | 9903 | €37,168 | -€2,881,001 | -€2.9m | |
| Income taxes | 67/77 | €9,993 | -€10,291 | -€20,284 | |
| Profit (loss) for the period | 9904 | €27,175 | -€2,870,710 | -€2.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €27,175 | -€2,870,710 | -€2.9m |
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 16 October 2026 via checked.be.