CARFAC: 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.
CARFAC
Largest movements
- Receivables within one year -€734,457
down €734,457 (-60.8%), from €1.2m to €473,788
of which Other amounts receivable: -€546,724
- Financial fixed assets +€523,000
up €523,000 (+36.5%), from €1.4m to €2.0m
- Cash +€66,271
up €66,271 (+10.3%), from €644,012 to €710,283
mainly Net result for the year (+€1.1m) and Receivables within one year (+€734,457)
- Trade debts -€768,777
down €768,777 (-74.2%), from €1.0m to €267,991
- Reserves +€315,413
up €315,413 (+43.9%), from €717,810 to €1.0m
of which Distributable reserves: +€315,413
- Other debts +€216,047
up €216,047 (+18.1%), from €1.2m to €1.4m
- Tax, wage and social debts +€58,285
up €58,285 (+14.8%), from €394,179 to €452,464
of which Taxes: +€37,086
- Staff costs +€60,281
up €60,281 (+2.7%), from €2.2m to €2.3m
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 | €3,384,420 | €3,219,309 | -€165,111 | -4.9% |
| Fixed assets | 21/28 | €1,480,397 | €2,002,755 | +€522,358 | +35.3% |
| Tangible fixed assets | 22/27 | €47,269 | €46,627 | -€642 | -1.4% |
| Plant, machinery and equipment | 23 | €1,926 | €2,034 | +€108 | +5.6% |
| Furniture and vehicles | 24 | €43,559 | €43,167 | -€392 | -0.9% |
| Other tangible fixed assets | 26 | €1,784 | €1,425 | -€358 | -20.1% |
| Financial fixed assets | 28 | €1,433,129 | €1,956,129 | +€523,000 | +36.5% |
| Current assets | 29/58 | €1,904,023 | €1,216,554 | -€687,469 | -36.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,208,245 | €473,788 | -€734,457 | -60.8% |
| Trade receivables | 40 | €446,393 | €258,660 | -€187,733 | -42.1% |
| Other amounts receivable | 41 | €761,852 | €215,128 | -€546,724 | -71.8% |
| Cash at bank and in hand | 54/58 | €644,012 | €710,283 | +€66,271 | +10.3% |
| Deferred charges and accrued income | 490/1 | €51,766 | €32,483 | -€19,283 | -37.3% |
| Total equity and liabilities | 10/49 | €3,384,420 | €3,219,309 | -€165,111 | -4.9% |
| Equity | 10/15 | €729,810 | €1,045,224 | +€315,413 | +43.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €717,810 | €1,033,224 | +€315,413 | +43.9% |
| Tax-exempt reserves | 132 | €11,825 | €11,825 | = | 0.0% |
| Distributable reserves | 133 | €705,986 | €1,021,399 | +€315,413 | +44.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,654,610 | €2,174,086 | -€480,525 | -18.1% |
| Amounts payable within one year | 42/48 | €2,644,643 | €2,167,577 | -€477,065 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,036,768 | €267,991 | -€768,777 | -74.2% |
| Suppliers | 440/4 | €1,036,768 | €267,991 | -€768,777 | -74.2% |
| Advances received on contracts in progress | 46 | €18,008 | €35,387 | +€17,380 | +96.5% |
| Taxes, remuneration and social security | 45 | €394,179 | €452,464 | +€58,285 | +14.8% |
| Taxes | 450/3 | €62,686 | €99,772 | +€37,086 | +59.2% |
| Remuneration and social security | 454/9 | €331,494 | €352,692 | +€21,199 | +6.4% |
| Other amounts payable | 47/48 | €1,195,688 | €1,411,735 | +€216,047 | +18.1% |
| Accrued charges and deferred income | 492/3 | €9,967 | €6,508 | -€3,459 | -34.7% |
| Non-recurring operating income | 76A | €35,541 | €620 | -€34,921 | -98.3% |
| Remuneration, social security and pensions | 62 | €2,202,052 | €2,262,333 | +€60,281 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,099 | €2,889 | -€3,210 | -52.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,592 | €850 | +€3,442 | |
| Other operating charges | 640/8 | €12,718 | €6,849 | -€5,869 | -46.1% |
| Non-recurring operating charges | 66A | €184 | €0 | -€184 | -100.0% |
| Gross operating margin | 9900 | €3,537,789 | €3,519,067 | -€18,721 | -0.5% |
| Operating profit (loss) | 9901 | €1,319,328 | €1,246,146 | -€73,182 | -5.5% |
| Financial income | 75/76B | €5,591 | €4,892 | -€699 | -12.5% |
| Recurring financial income | 75 | €5,591 | €4,892 | -€699 | -12.5% |
| Financial charges | 65/66B | €27,979 | €57,959 | +€29,981 | +107.2% |
| Recurring financial charges | 65 | €27,979 | €57,959 | +€29,981 | +107.2% |
| Profit (loss) for the period before taxes | 9903 | €1,296,940 | €1,193,078 | -€103,862 | -8.0% |
| Income taxes | 67/77 | €104,149 | €132,665 | +€28,516 | +27.4% |
| Profit (loss) for the period | 9904 | €1,192,791 | €1,060,413 | -€132,377 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,192,791 | €1,060,413 | -€132,377 | -11.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.