CARFIDENCE: 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.
CARFIDENCE
Largest movements
- Cash -€175,576
down €175,576 (-80.0%), from €219,544 to €43,968
mainly Other debts (-€679,956) and Receivables within one year (-€90,479)
- Receivables within one year +€90,479
up €90,479, from €0 to €90,479
of which Other amounts receivable: +€73,572
- Tangible fixed assets +€58,753
new in 2025: €58,753
- Stocks and contracts -€8,000
down €8,000 (-100%), from €8,000 to €0
- Other debts -€679,956
down €679,956 (-100%), from €679,956 to €0
- Profit (loss) carried forward +€498,687
up €498,687 (+94.2%), from -€529,123 to -€30,436
- Contributions +€150,000
up €150,000 (+242%), from €62,000 to €212,000
- Tax, wage and social debts -€3,606
down €3,606 (-98.5%), from €3,661 to €55
- Gross operating margin -€39,518
down €39,518, from €27,959 to -€11,560
- Financial charges -€9,593
down €9,593 (-36.4%), from €26,326 to €16,733
- Depreciation +€1,457
new in 2025: €1,457
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 | €227,544 | €193,200 | -€34,344 | -15.1% |
| Fixed assets | 21/28 | - | €58,753 | +€58,753 | |
| Tangible fixed assets | 22/27 | - | €58,753 | +€58,753 | |
| Furniture and vehicles | 24 | - | €58,753 | +€58,753 | |
| Current assets | 29/58 | €227,544 | €134,447 | -€93,097 | -40.9% |
| Stocks and contracts in progress | 3 | €8,000 | €0 | -€8,000 | -100% |
| Stocks | 30/36 | €8,000 | €0 | -€8,000 | -100% |
| Amounts receivable within one year | 40/41 | €0 | €90,479 | +€90,479 | |
| Trade receivables | 40 | €0 | €16,907 | +€16,907 | |
| Other amounts receivable | 41 | - | €73,572 | +€73,572 | |
| Cash at bank and in hand | 54/58 | €219,544 | €43,968 | -€175,576 | -80.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €227,544 | €193,200 | -€34,344 | -15.1% |
| Equity | 10/15 | -€467,123 | €181,564 | +€648,687 | |
| Contributions | 10/11 | €62,000 | €212,000 | +€150,000 | +242% |
| Capital | 10 | €62,000 | €212,000 | +€150,000 | +242% |
| Issued capital | 100 | €62,000 | €212,000 | +€150,000 | +242% |
| Profit (loss) carried forward | 14 | -€529,123 | -€30,436 | +€498,687 | +94.2% |
| Amounts payable | 17/49 | €694,667 | €11,635 | -€683,031 | -98.3% |
| Amounts payable within one year | 42/48 | €694,667 | €11,635 | -€683,031 | -98.3% |
| Trade debts | 44 | €11,050 | €11,580 | +€530 | +4.8% |
| Suppliers | 440/4 | €11,050 | €11,580 | +€530 | +4.8% |
| Taxes, remuneration and social security | 45 | €3,661 | €55 | -€3,606 | -98.5% |
| Taxes | 450/3 | €3,661 | €55 | -€3,606 | -98.5% |
| Other amounts payable | 47/48 | €679,956 | €0 | -€679,956 | -100% |
| Non-recurring operating income | 76A | €6,250 | €0 | -€6,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,457 | +€1,457 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €449 | €687 | +€237 | +52.8% |
| Gross operating margin | 9900 | €27,959 | -€11,560 | -€39,518 | |
| Operating profit (loss) | 9901 | €27,510 | -€13,703 | -€41,213 | |
| Financial charges | 65/66B | €26,326 | €16,733 | -€9,593 | -36.4% |
| Recurring financial charges | 65 | €26,326 | €16,733 | -€9,593 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €1,184 | -€30,436 | -€31,620 | |
| Profit (loss) for the period | 9904 | €1,184 | -€30,436 | -€31,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,184 | -€30,436 | -€31,620 |
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 17 October 2026 via checked.be.