CARFAN: 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.
CARFAN
Largest movements
- Cash -€1,265
down €1,265 (-96.2%), from €1,316 to €51
mainly Debts after one year (-€16,874) and Other debts (-€145)
- Tangible fixed assets -€1,237
down €1,237 (-3.5%), from €35,836 to €34,600
of which Land and buildings: -€1,177
- Debts after one year -€16,874
down €16,874 (-46.4%), from €36,363 to €19,489
- Profit (loss) carried forward +€14,517
up €14,517 (+10.4%), from -€140,208 to -€125,691
- Depreciation -€13,602
down €13,602 (-91.7%), from €14,839 to €1,237
- Gross operating margin +€2,635
up €2,635 (+15.6%), from €16,903 to €19,539
- Financial charges +€604
up €604 (+43.6%), from €1,383 to €1,987
- Other operating charges +€350
up €350 (+24.2%), from €1,448 to €1,798
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 | €37,152 | €34,650 | -€2,502 | -6.7% |
| Fixed assets | 21/28 | €35,836 | €34,600 | -€1,237 | -3.5% |
| Tangible fixed assets | 22/27 | €35,836 | €34,600 | -€1,237 | -3.5% |
| Land and buildings | 22 | €28,248 | €27,071 | -€1,177 | -4.2% |
| Plant, machinery and equipment | 23 | €7,588 | €7,529 | -€60 | -0.8% |
| Current assets | 29/58 | €1,316 | €51 | -€1,265 | -96.2% |
| Cash at bank and in hand | 54/58 | €1,316 | €51 | -€1,265 | -96.2% |
| Total equity and liabilities | 10/49 | €37,152 | €34,650 | -€2,502 | -6.7% |
| Equity | 10/15 | -€121,608 | -€107,091 | +€14,517 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,208 | -€125,691 | +€14,517 | +10.4% |
| Amounts payable | 17/49 | €158,760 | €141,741 | -€17,019 | -10.7% |
| Amounts payable after more than one year | 17 | €36,363 | €19,489 | -€16,874 | -46.4% |
| Financial debts | 170/4 | €36,363 | €19,489 | -€16,874 | -46.4% |
| Amounts payable within one year | 42/48 | €122,396 | €122,252 | -€145 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €16,659 | €16,659 | = | 0.0% |
| Trade debts | 44 | €1,104 | €1,104 | = | 0.0% |
| Suppliers | 440/4 | €1,104 | €1,104 | = | 0.0% |
| Other amounts payable | 47/48 | €104,633 | €104,488 | -€145 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,839 | €1,237 | -€13,602 | -91.7% |
| Other operating charges | 640/8 | €1,448 | €1,798 | +€350 | +24.2% |
| Gross operating margin | 9900 | €16,903 | €19,539 | +€2,635 | +15.6% |
| Operating profit (loss) | 9901 | €617 | €16,504 | +€15,887 | +2577.0% |
| Financial charges | 65/66B | €1,383 | €1,987 | +€604 | +43.6% |
| Recurring financial charges | 65 | €1,383 | €1,987 | +€604 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | -€767 | €14,517 | +€15,284 | |
| Profit (loss) for the period | 9904 | -€767 | €14,517 | +€15,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€767 | €14,517 | +€15,284 |
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 8 October 2026 via checked.be.